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Wednesday, July 03, 2019 9:44:26 PM
The Following is Excerpted From their 10k SEC filing:
EMPLOYEES
The Company currently has no employees.
RESEARCH AND DEVELOPMENT EXPENDITURES
We have not incurred any research or development expenditures since our incorporation.
PATENTS AND TRADEMARKS
We do not own, either legally or beneficially, any patents or trademarks.
Our current officers and directors currently devote less than 50% of their attention to providing services to the Company. While they presently possess adequate time to attend to our interest, it is possible that the demands on them from other obligations could increase, with the result that they would no longer be able to devote sufficient time to the management of our business. This could negatively impact our business development.
During the years 2009 to June 3, 2015 , the Company was involved in the acquisition, production, licensing, marketing and distribution of mixed martial arts (MMA) content, programming and merchandising for North American and International markets. The Company was never able to close asset acquisition agreements due to a lack of funding. As a result, we have no customers or consumers of our products, we have no principal suppliers or sources for materials. There is no need for government approval of our products and services.
On June 3, 2015, through the expertise of its new management, we entered into the commercial indoor cultivation industry. Currently, we are seeking contracts to build marijuana growing operations. In the cannabis agri-business in which the Company has entered, we face competition from other existing companies in all aspects of our business. Many of our competitors have substantially larger financial and other resources than we have. Factors that affect our ability to build and manage the indoor cultivation industry include available funds, lack of a direct history of providing these services, and our limited number of employees.
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