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Re: pzguitar post# 7328

Friday, 05/15/2009 3:09:34 PM

Friday, May 15, 2009 3:09:34 PM

Post# of 20617
Interesting huh! at least its filed I guess!!

As a result of our inability to achieve a critical mass of customers to establish a stable niche in our business, generate a profit, achieve a positive cash flow, and obtain additional financing, we are in a vulnerable financial condition. Additional liquidity and capital resources will be necessary to defray our ongoing expenses that have risen significantly, while revenue decreased in 2008 and for the year to date. Our independent public accountants report that the we have suffered recurring losses from operations that raises substantial doubt about our ability to continue as a going concern. Our plan of operation for the remainder of fiscal 2009 is to obtain additional debt and equity financing, complete the reorganization of our operating subsidiaries, and to expand operations by obtaining additional




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contract revenue and reducing operating costs and expenses. There can be no assurance that during this attempted turnaround we can implement our business plan, achieve profitability and generate a profit or positive cash flow.
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