Common use of Limited Revenues; Losses Clause in Contracts

Limited Revenues; Losses. Neither the Company nor Worldwide Canada has generated any meaningful revenues. For the fiscal year ended December 31, 1997, Worldwide Canada had revenues of approximately $500,000. For the period from inception to the date hereof, both the Company and Worldwide Canada have incurred losses and its is anticipated that the Company and Worldwide Canada will continue to incur significant losses until, at the earliest, the Company and/or Worldwide Canada generate significant revenue from Worldwide Canada's Intranet-based services. There can be no assurance that the Company and/or Worldwide Canada will generate meaningful revenues or achieve profitable operation.

Limited Revenues; Losses. Neither the Company nor Worldwide Canada has generated any meaningful revenues. For the fiscal year ended December 31, 1997, Worldwide Canada had revenues of approximately $500,000. For the period from inception to the date hereof, both the Company and Worldwide Canada have incurred losses and its is anticipated that the Company and Worldwide Canada will continue to incur significant losses until, at the earliest, the Company and/or Worldwide worldwide Canada generate significant revenue from Worldwide Canada's Intranet-based services. There can be no assurance that the Company and/or Worldwide Canada will generate meaningful revenues or achieve profitable operation.

Limited Revenues; Losses. Neither the Company nor Worldwide Canada has generated any meaningful revenues. For the fiscal year ended December 31, 1997, Worldwide Canada had revenues of approximately $500,000. For the period from inception to the date hereof, both the Company and Worldwide Canada have incurred losses and its is anticipated that the Company and Worldwide Canada will continue to incur significant losses until, at the earliest, the Company and/or Worldwide Canada generate significant revenue from Worldwide Canada's IntranetInternet-based services. There can be no assurance that the Company and/or Worldwide Canada will generate meaningful revenues or achieve profitable operation.