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Re: THUMBS post# 188

Wednesday, 03/02/2011 3:28:10 PM

Wednesday, March 02, 2011 3:28:10 PM

Post# of 1033
We are focusing our efforts on increasing revenue while we explore external funding alternatives. We currently have contracts in place for future deliveries of our consulting services, our AeroMD product, and other solutions that we believe will cover our minimum expenditures for operating costs and minimum installments due on our other indebtedness to nonaffiliates during the next 12 months. We expect that additional sales will enable us to increase our payments on indebtedness and support the development of other products. We have also arranged payment deferments on loans to increase our cash flow, resulting in a reduction of $4,721 in loan payments for the next three months. Although our independent auditors have expressed substantial doubt about our ability to continue as a going concern, we feel that our revenues, along with additional funding sources, will be sufficient for our IT business solutions segment to continue as a going concern. In order to expand our product offerings, we expect that we will require additional investments and sales.


As we continue development of new products and identify specific commercialization opportunities, we will focus on those product markets and opportunities for which we might be able to get external funding through joint venture agreements, strategic partnerships, or other direct investments.