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Message: Going Concern issue's

Going Concern issue's

posted on Aug 17, 2009 11:04AM

http://www.sec.gov/Archives/edgar/data/1464830/000109181809000244/sfmi081309form10.htm

From the link above

Going Concern

Our financial statements have been presented on the basis that we continue as a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. As shown in the accompanying financial statements, we incurred a net operating loss in the years ended December 31, 2008 and 2007, and the six months ended June 30, 2009, and have no revenues at this time. These factors create an uncertainty about our ability to continue as a going concern. We are currently trying to raise capital through a private offering of preferred stock.

Our ability to continue as a going concern is dependent on the success of this plan. The financial statements do not include any adjustments that might be necessary if we are unable to continue as a going concern.


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