New 8-k Out
Left Behind Games Inc. – CEO Update
Dear Shareholders,
Today, big changes are happening for Left Behind Games. The merger agreement we have executed, as described in today’s 14F-1 filing, is far more interesting than our quarterly results for the quarter ending December 31, 2009. However, there are three notable points to make about the financials we filed today as follows:
1)
It is important to note that overall, our balance sheet has improved by a factor of more than $600,000 dollars in a single quarter; although this is not due to revenue and sales, it continues to position our company in a better financial position in preparation for our anticipated merger with a company that has generated approximately $4.89 million dollars selling Christian video games over the past two years. The merger expands our management team to include three experienced executives, Thomas Bean, Peter Fokos and William Bean;
2)
The loss we show this quarter is primarily a result of a one-time stock issuance to me from our board of directors; and therefore, not indicative of ongoing expenses.
3)
The sales we did do in this quarter were the result primarily of three of our products in only 100 Walmart stores and another in all Target stores. It’s important to understand the traction we are receiving from retail is only beginning; and we anticipate more substantial and regular orders to grow in 2010 as our rep firm meets with buyers where virtually all games are available nationwide.
If you are an investor and desire to understand our financial statement in better detail, please direct questions to me at the email below and I’ll do my best to respond accordingly. Please be understanding that it may take me a few days to get back with you.
Very kindly,
Troy Lyndon
Chief Executive Officer
Left Behind Games Inc.
dba Inspired Media Entertainment
troy@inspiredmedia.com
AI
