This report contains forward looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. The Company's actual results could differ materially from those set forth on the forward looking statements as a result of the risks set forth in the Company's filings with the
The Company has no operations and is currently evaluating business options which may include, but not be limited to, pursuing an asset acquisition, merger, exchange of capital stock or other business combination with a domestic or foreign business.
RESULTS FOR THE QUARTER ENDED
Our first quarter ended on
REVENUE. There was no revenue from continuing operations for the three months ended
OPERATING EXPENSES. Total operating expenses for the three months ended
NET INCOME (LOSS). The net income (loss) for the three months ended
LIQUIDITY AND CAPITAL RESOURCES. Our cash balance was zero at
In addition to the preceding, the Company plans for liquidity needs on a short term and long term basis as follows:
Short Term Liquidity:
The company currently relies on short-term financing of working capital from shareholder advances, when necessary, to fund operations.
Long Term Liquidity:
The company has no long term liquidity plans as it is searching for a suitable acquisition partner.
We do not expect any significant change to our debt structure and do not anticipate entering into any off-balance sheet arrangements.
Material Changes in Financial Condition
WORKING CAPITAL: Working Capital decreased from
STOCKHOLDER'S EQUITY: Stockholder's Equity decreased by