SPOOZ Inc (SPZI)

[GekkoTheGreat]

This just about sums it up. These are Paul's words, not mine. The part of "substantial doubt" should be highlighted and underscored.

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NOTE 2 - GOING CONCERN

Since there have been very limited revenues for the six months ended June 30, 2008 and future revenues will depend upon the success of one project, the launch of the SpoozTools program, there is substantial doubt as to the Company's ability to continue as a going concern. In order to meet its upcoming and continuing obligations, additional financing, capital or new revenues will be needed. The financial statements do not include any adjustments that might be ncessary should the Company be unable to continue as a going concern.