• Home
• Products
• Camera/Sensor
• Data Path
• Display
• Illumination
• Optics
• Processing
• Storage
• AI Magazine
• AI International
• Video Network
• Buyers' Guide
• Careers
• Classifieds
• Advertising Resource Center
• Print: Media Kit
• Online: Overview
• Interactive Rates
• Banner Specifications
• Subscribe

Latest question:
How do you think the new GigE standards will influence the machine vision industry?
Respond or ask your question now!

Advertisement

Prior to the transaction, the Company was in the business of providingevent and retreat planning services for corporate customers. Since its inception, this business has generated minimum revenues for the Company. Afterthe date of the transaction, the Company's only operations will consist of the operations of QPC.

As a result of these transactions, immediately after the close of the Exchange Agreement, the Company had a total of 30,992,004 shares of its commonstock issued and outstanding.

INVESTMENT CAPITAL TRANSACTIONS

From 2003 to 2005 QPC raised approximately $23 million in four separaterounds of equity financings. From December 2005 through the close of theExchange Agreement, QPC raised approximately $7,377,750 in a private placementin which Brookstreet Securities Corporation, a NASD member firm, acted asPlacement Agent. The proceeds of the offering in which Brookstreet SecuritiesCorporation acted as Placement Agent were used for acquisition of equipmentand other assets and working capital, after payment of costs of the offeringand reverse merger and repayment of bridge loans. The Company intends to raiseapproximately an additional $2,600,000 from the sale of its common stock inthe near future. Thereafter, the Company expects that sometime in the future,it will raise additional investment capital through the sale of its equitysecurities for the further development of its products and business.

In addition, the Company has received development contracts that areessentially non-dilutive capital. These include development contracts from:

United States Army - approximately $ 860,000 United States Navy - approximately $ 850,000 United States Missile Defense Agency $800,000 Defense contractors - United States & Israel - approx. $4,000,000 Forward Looking Statements

This release and other materials released by the Company from time to timecontain or may contain forward looking statements and information that arebased upon beliefs of, and information currently available to, the Company'smanagement as well as estimates and assumptions made by the Company'smanagement. When used in the materials the words "anticipate," "believe,""estimate," "expect," "future," "intend," "plan" or the negative of theseterms and similar expressions as they relate to the Company or the Company'smanagement identify forward looking statements. Such statements reflect thecurrent view of the Company with respect to future events and are subject torisks, uncertainties, assumptions and other factors (including the riskscontained in the sections of the Company's reports filed with the Securitiesand Exchange Commission entitled "Risk Factors") relating to the Company'sindustry, the Company's operations and results of operations and anybusinesses that may be acquired by the Company. Should one or more of theserisks or uncertainties materialize, or should the underlying assumptions proveincorrect, actual results may differ significantly from those anticipated,believed, estimated, expected, intended or planned. Although the Companybelieves that the expectations reflected in the forward looking statements arereasonable, the Company cannot guarantee future results, levels of activity,performance or achievements. Except as required by applicable law, includingthe securities laws of the United States , the Company does not intend toupdate any of the forward-looking statements to conform these statements toactual results. The following discussion should be read in conjunction withthe Company's reports filed with the Securities and Exchange Commission.