An exerpt from the 10QSB...No guarentees but...
We are currently engaged in discussions with one potential candidate with respect to a business opportunity. Although discussions between representatives of the parties continue, no transaction terms have been agreed upon and no letter of intent, term sheet or acquisition agreement of any kind has been executed by either party and no assurance can be given that any agreement will be executed or any transaction completed. The completion of this, or any, transaction would be subject to the negotiation of and execution of a definitive transaction agreement and the satisfaction of numerous closing conditions, including without limitation, the completion of due diligence by the parties, compliance with state and federal securities laws and regulations, the approval of the Board of Directors and shareholders of each entity, if required under applicable state law, and several other conditions. As a result of the foregoing uncertainties, there can be no assurance that a definitive agreement will be executed or that, if it is, the transaction will be completed. With the exception of the foregoing matter, we do not have any specific merger, stock exchange, asset acquisition, reorganization or other business combination under consideration or contemplation and we have not, nor has anyone on our behalf, contacted any potential target business or had any discussions, formal or otherwise, with respect to such a transaction. We will not be limited to any particular industry or geographic location in our efforts to identify prospective target businesses.
