Need for Additional Capital; Additional Private Placement Sample Clauses

Need for Additional Capital; Additional Private Placement. The net proceeds raised by the Company from this Offering will be used immediately to fund the Company’s current operations. The Company will therefore require significant additional financing shortly after this Offering, regardless of the net proceeds received, in order to satisfy its cash requirements. Upon completion of this offering, the Company intends to affect a registration on Form SB-2, become a publicly traded entity and seek to raise additional funds in private placement transactions. However, there is no assurance that it will be able to do so in a timely manner or on terms that will enable it to enter its proposed business on a reasonable basis.

Need for Additional Capital; Additional Private Placement. The net proceeds raised by the Company from this Offering will be used immediately primarily for the expenses incident to its proposed Registration Statement on Form S-1. The Company will therefore require significant additional financing shortly after this Offering, regardless of the net proceeds received, in order to expand its business operations. Upon completion of this offering, the Company intends to affect a registration on Form S-1, become a publicly traded entity and seek to raise additional funds in private placement transactions or use its status as a public company to grant employees equity based non-cash compensation to avoid cash expense. However, there is no assurance that it will be able to do so in a timely manner or on terms that will enable it to effect its business plan