NOLs -- Note 5 - Income Taxes (Benefits)...
At December 31, 2006, the Registrant had available approximately
$37,600,000 of net operating loss carry-forwards, which expire between
December 31, 2008 and December 31, 2023, that may be used to reduce future
taxable income. Federal income tax regulations require the Company's
continued compliance with change in control and other guidelines which, if
not met, may significantly reduce the Company's ability to utilize its loss
carry-forward.
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