Tuesday, January 11, 2011 1:53:24 PM
Filed 12/21/10 for the Period Ending 09/30/10
The Company’s activities to date have been supported by equity financing. The Company has sustained losses in all previous reporting periods with an inception to date loss of $818,158.
Future Financings
We will require additional financing in order to enable us to proceed with our plan of operations, as specified above, of approximately $1,375,000 over the next 12 months to pay for our ongoing expenses. We anticipate continuing to rely on sales of our common stock in order to continue to fund our business operations. Issuances of additional
shares of our common stock will result in dilution to our existing stockholders. There is no assurance that we will achieve any additional sales of our equity securities or arrange for debt or other financing to fund our planned business activities.
We presently do not have any arrangements for additional financing for the expansion of our plan of operations, and no potential lines of credit or sources of financing are currently available for the purpose of proceeding with our plan of operations.
Latest 10Q (December 2010)
https://research.scottrade.com/QNR/uploadhandler/z06a7100az800ee19b707741c38511c78e6a7b82f8.pdf
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