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catdaddyrt

04/16/11 8:39 AM

#250 RE: Vance #249

sounds like they need some more capitol but have plans to raise it



We are focused on the development of our intangible leasehold asset and have not generated any revenue to date. We do not believe we will begin earning revenues from operations until late 2011 at the earliest as we transition from a development stage company. We have incurred operating losses since our inception. Based on income statement included herein, our net loss for the year ended December 31, 2009 was $10,903,514 and our net loss for the year ended December 31, 2010 was $5,316,805.