These bullets which are part of the document but were not posted. Show that the company is addressing the issues and trying to grow. The document also maintains they put aside growth plans in order to maintain the company in a running state.
Removed from the section on Going concerns
In order to continue as a going concern, management has begun taking the following steps:
1) The Company is aggressively developing new television programs for Omni. Management is continually meeting with independent television producers who have approached the Company with ideas shows that they would like to have aired on the network. The Company expects the new television programs to attract a greater audience interest, which will also result in a larger number of affiliate television stations.
2) The Company is identifying and creating production and distribution opportunities for Eclectic. The Company is continually developing new ideas for television programs for airing on Omni as well as licensing the programs to cable networks. Additionally, the Company is currently structuring feature film production and distribution joint ventures with other independent producers in both the United States and Europe.
3) The Company is marketing the airtime available on POD to television program distributors and small television networks.
4) The Company has hired additional sales and marketing people to secure advertising and sponsorship revenue for the programs being aired by Omni. The people recently hired have successfully sold advertising time for small and startup television networks.
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5) The Company is continually increasing the number of affiliate television stations that will broadcast programming aired on both Omni and POD. The increased number of households being reached by the broadcasts will result in the Company being able to increase the amount charged for advertising on the networks.
6) The Company is taking steps to increase the awareness of its subsidiaries. Press releases related to Omni and Eclectic are being distributed to the media, and have been published nationally. The Company has used, and will continue to use, the services of professional publicists on a project-by- project basis.
7) The Company is currently developing relationships with strategic partners worldwide to increase its visibility and to create additional sources of funding and revenue.
8) The Company has, and will continue to keep, tight controls over it expenses, will hire additional staff only as needed, and when feasible, will continue to have support and production staff provide services to all of the OBN entities.
AI
