Winning Brands Corporation (WNBD)

[Serenity]

From company website....

WBC has designed its business plan to pass through 6 Phases. These phases are not based on the calendar, but rather on business developments; Initial Operations Phase (Annual Sales less than $1 Million), Implementation Phase (Annual Sales of $1 Million to $3 Million), Growth Phase (Annual Sales of $3 Million to $5 Million), Self-Sustaining Phase (Sales between $5-50 Million), Established Phase (Sales between $50 Million and $100 Million), World Phase (Sales over $100 Million).

The Implementation Phase for WBC is now targeted for 2012 as U.S. activities pick-up.

From todays filing....

In the opinion of management with current infrastructure, if debt were repaired or converted to equity, approximately $2,500,000 - 3,000,000 in sales at 40% gross margin would be required for the company to achieve reliable self-sufficiency.

So do they still feel this is the year for the "Implementation Phase"? With only $128,107 in the first three months...not a good start.