Risks Related to Our Business. We have a limited operating history. There may be conflicts of interest between our management and the non-management stockholders of the Company. We are likely to incur losses. We intend to change our business purpose, which will expose us to the risks associated with starting a new business. We face a number of risks associated with potential acquisitions, including the possibility that we may incur substantial debt that could adversely affect our financial condition. There is competition for those private companies suitable for a merger transaction of the type contemplated by management. There are relatively low barriers to becoming a blank check company or shell company, thereby increasing the competitive market for a small number of business opportunities. Future success with a business combination is highly dependent on the ability of management to locate and attract a suitable acquisition. Management intends to devote only a limited amount of time to starting business operations or seeking a target company, which may adversely impact our ability to successfully begin operations or identify a suitable acquisition candidate. Management has no prior experience as directors or officers of a development stage public company. There can be no assurance that the Company will successfully begin operations or consummate a business combination. Reporting requirements under the Exchange Act and compliance with the Xxxxxxxx-Xxxxx Act of 2002, including establishing and maintaining acceptable internal controls over financial reporting, are costly. The time and cost of preparing a private company to become a public reporting company may preclude us from entering into a merger or acquisition with the most attractive private companies. The Company may be subject to further government regulation that would adversely affect our operations. Any potential acquisition or merger with a foreign company may subject us to additional risks. The Company may be subject to certain tax consequences in our business, which may increase our cost of doing business. Our business may have no revenue unless and until we begin operations or merge with or acquire an operating business. The Company has conducted no market research or identification of business opportunities, which may affect our ability to successfully begin operations or identify a business to merge with or acquire. Because we may seek to complete a business combination through a “reverse merger,” following such a transac...
Risks Related to Our Business. We have a limited operating history that you can use to evaluate us and therefore we may not survive if we meet some of the problems, expenses, difficulties, complications and delays frequently encountered by a start up company. We may require additional funds to achieve our current business strategy and our inability to obtain additional financing will inhibit our ability to expand or even maintain our business operations . If we are unable to generate significant revenues from our operations, we may be unable to expand our Puppy Zone franchise system and may be forced to cease operations.
Risks Related to Our Business. The Company is in its early stages of operations and anticipates generating operating losses. The Company’s success depends on the successful raise of sufficient working capital. The Company is dependent on the continued participation and level of service of its third-party service provider(s). Defects, failures or quality issues associated with the products the Company distributes could lead to recalls or safety alerts, negative publicity regarding the Company and litigation, including product liability claims that could adversely affect its business and reputation and result in loss of customers. Loss reserves are difficult to estimate.
Risks Related to Our Business. We have limited operating history, our financial position is not robust, and we lack profitable operations to date. Our future growth may be limited.
Risks Related to Our Business. We have a large accumulated deficit, may incur future losses and may be unable to maintain profitability. We cannot accurately forecast our future revenues and operating results, which may fluctuate. We may fail to develop new products or may incur unexpected expenses or delays. We may need additional financing which we may not be able to obtain on acceptable terms. If we are unable to raise additional capital, as needed, the future growth of our business and operations could be severely limited. If we fail to maintain an effective system of internal control, we may not be able to report our financial results accurately or to reduce probability of fraud occurrence. Any inability to report and file our financial results accurately and timely could harm our reputation and adversely impact the trading price of our common stock.
Risks Related to Our Business. We have a limited operating history, and therefore there isa high risk of potential business failure unless we can overcome the various obstacles inherent to an early stage business. We have only limited prior business operations. Because of our limited operating history, you may not have adequate information on which you can base an evaluation of our business and prospects. Investors should be aware of the difficulties, delays and expenses normally encountered by an enterprise in its early stage, many of which are beyond our control, including unanticipated technology development expenses, employment costs, and administrative expenses. We cannot assure our investors that our proposed business plans as described herein will materialize or prove successful, or that we will be able to finalize development of our products or operate profitably. From our inception on August 1, 2005 through March 31, 2011, we have incurred cumulative losses of $39,525,175 plus an additional loss of $27,233,173 resulting from the full impairment of the Goodwill being carried from our acquisitions. Our cumulative loss as of March 31, 2011 was $66,758,348. As a result of the start-up nature of our business, we expect to continue to incur substantial expenses. There can be no assurance that we will achieve profitability in the immediate future or at any time. We do not expect to be profitable in 2011, during which we will engage primarily in marketing our products. Our cash balance on March 31, 2011 was $124,031 and our average cash burn for the year ended March 31, 2011 was approximately $131,163 per month. As of the date hereof, we have minimal operating capital to continue our business and marketing initiatives for the next twelve months. As a result, the Company is actively seeking to secure additional working capital through the sale of its securities or otherwise. In their audit opinion issued in connection with our consolidated balance sheets as of March 31, 2011 and our related consolidated statements of operations, stockholders’ equity, and cash flows for the year ended March 31, 2011, our auditors have expressed substantial doubt about our ability to continue as a going concern given our recurring net losses, negative cash flows from operations and the limited amount of funds on our balance sheet. We have prepared our financial statements on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the norma...
Risks Related to Our Business. The residential real estate market is cyclical and we are negatively impacted by downturns in this market and general economic conditions. Seasonal fluctuations in the residential real estate brokerage and relocation businesses could adversely affect our business. A decline or lack of sustained growth in the number of homesales and/or prices would adversely affect our revenues and profitability. Adverse developments in general business, economic and political conditions could have a material adverse effect on our financial condition and our results of operations. Tightened mortgage underwriting standards could continue to reduce homebuyers' ability to access the credit markets on reasonable terms.
Risks Related to Our Business. The residential real estate market is cyclical and we are negatively impacted by downturns in this market and general economic conditions. Adverse developments in general business and economic conditions could have a material adverse effect on our financial condition and our results of operations.
Risks Related to Our Business. We are incorporating in this section by reference and you should review and consider carefully the risk factors related to our partnership and business contained in Enterprise Parent’s Annual Report on Form 10-K for the year ended December 31, 2005, which it filed with the Securities and Exchange Commission on February 27, 2006 and which is incorporated by reference herein. Set forth below are certain of the risk factors appearing in Enterprise Parent’s Annual Report on Form 10-K. We operate predominantly in the midstream energy sector which includes gathering, transporting, processing, fractionating and storing natural gas, NGLs and crude oil. As such, our results of operations, cash flows and financial condition may be materially adversely affected by changes in the prices of these hydrocarbon products and by changes in the relative price levels among these hydrocarbon products. Generally, the prices of natural gas, NGLs, crude oil and other hydrocarbon products are subject to fluctuations in response to changes in supply, demand, market uncertainty and a variety of additional factors that are impossible to control. These factors include: • the level of domestic production; • the availability of imported oil and natural gas; • actions taken by foreign oil and natural gas producing nations; • the availability of transportation systems with adequate capacity; • the availability of competitive fuels; • fluctuating and seasonal demand for oil, natural gas and NGLs; and • conservation and the extent of governmental regulation of production and the overall economic environment. We are exposed to natural gas and NGL commodity price risk under certain of our natural gas processing and gathering and NGL fractionation contracts that provide for our fees to be calculated based on a regional natural gas or NGL price index or to be paid in-kind by taking title to natural gas or NGLs. A decrease in natural gas and NGL prices can result in lower margins from these contracts, which may materially adversely affect our results of operations, cash flows and financial position. Our profitability could be materially impacted by a decline in the volume of natural gas, NGLs and crude oil transported, gathered or processed at our facilities. A material decrease in natural gas or crude oil production or crude oil refining, as a result of depressed commodity prices, a decrease in exploration and development activities or otherwise, could result in a decline in the volume of natur...
Risks Related to Our Business. We have limited operating history, our financial position is not robust, and we lack profitable operations to date. We have historically incurred significant losses and our financial situation creates doubt whether we will continue as a going concern. Our independent public accountants have provided their report with a going concern opinion. Even if this Offering is successful, we will need to raise additional funding, which may not be available on acceptable terms, or at all. Failure to obtain this necessary capital when needed may force us to delay, limit or terminate our product development efforts or other operations. Our future growth may be limited. We rely on third parties for our production which may hinder our ability to grow. We are reliant on a small number of customers for the majority of our sales. There are risks associated with outsourced production that may result in decrease in our profit. There are risks associated with outsourced production in China and their laws which may have a material adverse effect on our financial stability. We engage in cross border sales transactions which present tax risks among other obstacles. We will need additional financing in order to grow our business.
