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Wednesday, October 24, 2012 7:59:42 AM
The intellectual property used by the Company has limited protection. The process of seeking patent, industrial design and trademark protection can be time consuming and expensive and there can be no assurance that patents, industrial design registrations or trademark registrations will issue from future applications or that the existing intellectual property rights used by Vision Plasma Systems, Inc. or any new patents, industrial design registrations or trademark registrations that may be issued will be sufficient in scope or strength to provide meaningful protection or any commercial advantage. There can be no assurance that any pending or future patent, industrial design or trademark applications will be granted in respect of the technology used by VPS or that any existing, pending or future patents, industrial design registrations or trademark registrations will not be challenged, invalidated, ignored, circumvented or otherwise rendered unenforceable.
The Company has no history of significant profit and no assured foreseeable earnings. The Company expects to continue to incur losses in the very near future, and there can be no
assurance that it will ever be profitable as it expects operating expenses to increase as its client base and distribution channels are expanded. The Company’s ability to reach and sustain
profitability depends on a number of factors including, but not limited to, the ability to generate sales, increase distribution channels and obtain financing.
Link is attached below.
https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=88826
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