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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
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.