SecureD Services (SSVC)

[crudeoil24]

From sec. repoet: "DUE TO OUR LIMITED OPERATING HISTORY WE MAY NEVER GENERATE SIGNIFICANT REVENUE.

OCTOBER 2004

Our sales and integration cycles with potential business partners
for our IDENTIPRISE software is long and unpredictable. Potential business
partners typically undertake a lengthy evaluation process. As a result, we may
not recognize revenue from sales efforts for an extended period of time, if at
all. Assuming an agreement is reached, the IDENTIPRISE software must then be
integrated with the business partner's technical environment. The length of time
to complete the integration process may be adversely impacted by a number of
factors, including the business partner's system infrastructure, its strategic
priorities and technical resources. Unanticipated problems during the
integration process could result in extensive delays in launching IDENTIPRISE or
termination of an agreement, which could materially and adversely affect our
business, financial condition and results of operations."