From 10K filed 4/3/2008
ANTICIPATED TIME TABLE FOR ACHIEVING OUR OBJECTIVES
During the next twelve months we expect to take the following steps in
connection with our plan to achieve our initial objectives:
First Quarter
Our focus of activities in the next three months will be on raising an initial
private placement of $250,000.
We will seek to raise $250,000 in an initial private placement by approaching a
number of high net worth individuals, who we believe may be interested in
investing in us.
During this period we shall also work on developing our business plan. This will
include beginning to make contacts with owners of paintball parks and assets
that may be interested in selling to these assets, real estate agents who may be
able to introduce us to land owners interested in developing their land as a
paintball park, paintball executives who may wish to become part of our team and
potential investment partners who may be interested in providing us with the
necessary funds to acquire our first paintball park together with the working
capital required for the acquired business.
We believe that we can complete these activities with our existing available
funding without need for additional funding at this stage.
Second Quarter
We will seek to complete the $250,000 in an initial private placement, which we
anticipate having commenced at some stage during the first quarter. If we are
unable to complete the proposed initial private placement by the end of the
second quarter, we will continue our efforts to complete the proposed initial
private placement in the third and, if necessary, in the fourth quarter.
In the meantime, we have indicated above, the way in which we will adapt and
adjust our proposed business plan if we are able to raise only 25%, 50% or 75%
of our proposed initial private placement. If we were unable to raise even 25%
of our proposed initial private placement, we will seek to progress our business
plan through the personal efforts and funding provided by the board of directors
and by working with consultants prepared to accept shares of our common stock as
compensation.
During this quarter, we plan to establish a basic website and start compiling a
database of existing paintball parks and related businesses and potential
locations for new paintball parks. We will begin to build our online directory
as we obtain information from existing paintball parks.
We shall accelerate the implementation of our business plan by increasing our
contacts with owners of paintball parks and assets that may be interested in
selling to these assets, real estate agents who may be able to introduce us to
land owners interested in developing their land as a paintball park, paintball
executives who may wish to become part of our team and potential investment
partners who may be interested in providing us with the necessary funds to
acquire our first paintball park together with the working capital required for
the acquired business.
Third Quarter
We will continue to compile our database of existing paintball parks and related
businesses and potential locations for new paintball parks and at the same time
expand our online directory as we obtain increasing amounts of information from
existing paintball parks.
We will begin to finalize selection of a team of experienced paintball
executives who have expressed an interest in becoming part of our management
team. We will work these executives to establish criteria and a formal process
to evaluate the potential acquisition of existing paintball parks or sites for
new paintball parks.
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We will begin a systematic program of contacting all know paintball park owners
and land owners who have expressed an interest in developing their land as a
paintball park to establish if they have any interest in selling their assets to
us or merging their operations in with ours.
Where existing paintball park owners or land owners express any interest in
selling their assets to us or merging their operations in with ours we will
enter into initial discussions to obtain more relevant information and explore
possible terms of acquisition.
Fourth Quarter
We will continue with our program of building our database of existing paintball
parks and related businesses and potential locations for new paintball parks and
at the same time expand our online directory as we obtain increasing amounts of
information from existing paintball parks.
We will also continue our systematic program of contacting all know paintball
park owners and land owners who have expressed an interest in developing their
land as a paintball park to establish if they have any interest in selling their
assets to us or merging their operations in with ours.
Where we have entered into negotiations with existing paintball park owners or
land owners who have expressed any interest in selling their assets to us or
merging their operations, we will attempt to negotiate acquisition terms that
are acceptable to both parties and document such agreement in a signed contract,
subject to available to funding.
One we have a "locked in" an acquisition, we will develop a comprehensive
business plan including all relevant historic information about the target
acquisition, our proposed business plan for the acquisition target, profiles of
the management team we have assembled to implement our strategy and details of
the funding we are seeking to raise to complete the acquisition.
On the basis of this business plan we will seek to raise the necessary funding
to complete our targeted acquisition.
Subsequent Years
During the first twelve months of our operations, we plan to have completed an
initial private placement of $250,000, developed a database of existing
paintball parks and of potential locations for new paintball parks, established
a meaningful, distinctive web presence, identified a management team of
experienced a paintball executives committed to implementing our business plan,
identified, negotiated and contracted to complete our first proposed
acquisition, subject to funding, and developed a business plan to raise the
funding required to complete our first targeted acquisition.
After achieving the initial objectives we have set for ourselves in the first
twelve months, we intend to focus on raising the funding necessary to complete
the acquisition targets we believe we will have been able to identify, negotiate
and contracted to purchase, subject to funding.
If we are successful in raising the required funding, we will complete the
proposed acquisition and our prospective management team we have identified to
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will be responsible for implementing the business plan which we will have
developed specifically to create value for the specific acquisition that we will
have completed.
We believe that by assembling a team of highly experienced paintball executives
with proven talent we shall be able to add significant value to any paintball
operation we acquire. We can also add value by providing additional capital
investment and working capital as required.
If we are not successful in raising the required equity to complete our first
targeted acquisition, we will reassess our proposed acquisition and the business
plan we have adopted, revise and amend the plan as necessary, and persevere in
our efforts to raise the funding necessary to complete the targeted acquisition.
At the same time, we will continue to develop our strategy of maintaining and
continually updating our database of existing paintball parks and of potential
locations for new paintball parks, together with the related online directory of
existing paintball parks, as a source from which to identify and negotiate
further acquisitions.
We will need to raise further equity to fund such ongoing activities.
We believe we will be able to build our business on a sustained basis by
acquiring and developing:
- new, green field sites;
- former paintball facilities in strong locations which have closed down
through lack of funding and management expertise;
- existing paintball facilities in strong locations which are under
performing due to lack of funding and management expertise;
- existing successful, profitable paintball facilities where owners and
management wish to expand their operations and roles by accepting
positions with us.
Initially, we will continue to seek funding on an acquisition by acquisition
basis and until we have achieved the critical mass, momentum and track record to
be able to raise funds on the basis of our existing operations rather than
specific, add on acquisitions.
While are strategy is based on expansion through the acquisition and development
of new or existing paintball parks, we will not lose sight of the fact we must
insure we recruit, train and retain the best possible management and staff and
adopt a regime of best business practices to maximize the operating capabilities
of the sites we acquire and develop.
There can be no guarantee that we will be successful in identifying paintball
businesses or assets that we wish to acquire, that we will be able to negotiate
the acquisition of any such businesses or assets on terms that are acceptable to
us, that we will be able to raise the funding necessary to complete the
acquisitions we wish to complete or that having completed the acquisition of any
such businesses and assets we will be able to operate them on a profitable
basis.
