NOTE
2. GOING
CONCERN
These
financial statements have been prepared on a going concern
basis, which implies the Company will continue to realize its
assets and discharge its liabilities in the normal course of
business. The Company has never generated revenues
since inception and has never paid any dividends and is
unlikely to pay dividends or generate earnings in the
immediate or foreseeable future. At October 31,
2011 the Company has limited cash resources and will likely
require new financing, either through loans from officers,
debt financing, equity offerings or business combinations to
continue the development of its business; however, there can
be no assurance that management will be successful in raising
the funds necessary to maintain operations, or that a
self-supporting level of operations will ever be achieved.
The likely outcome of these future events is indeterminable.
The continuation of the Company as a going concern is
dependent upon the continued financial support from its
shareholders, the ability of the Company to obtain necessary
equity financing to continue operations and the attainment of
profitable operations. As of October 31, 2011, the
Company has never generated any revenues and has accumulated
losses of $180,912 since inception. These
financial statements do not include any adjustments to the
recoverability and classification of recorded asset amounts
and classification of liabilities that might be necessary
should the Company be unable to continue as a going concern.
These factors raise substantial doubt regarding the
Company’s ability to continue as a going
concern.
|