1080029--4/16/2007--ASCENDANT_SOLUTIONS

related topics

{loan, real, estate}

{acquisition, growth, future}

{personnel, key, retain}

{stock, price, operating}

{customer, product, revenue}

{competitive, industry, competition}

{product, liability, claim}

{regulation, government, change}

{operation, natural, condition}

{tax, income, asset}

{cost, regulation, environmental}

{product, market, service}

{stock, price, share}

{cost, operation, labor}

{financial, litigation, operation}

We have limited funds and may require additional financing. We own subsidiaries that are highly leveraged. We may not be able to effectively integrate and manage our operating subsidiaries. We are dependent upon management. We are dependent on a small staff to execute our business plan. Certain of our subsidiaries account for a significant percentage of our revenues. Unforeseen costs associated with the acquisition of new businesses could reduce our profitability. We may enter into additional leveraged transactions in connection with an acquisition opportunity. We are restricted on our use of net operating loss carryforwards. Our results of operations are difficult to predict. RISKS SPECIFIC TO OUR OPERATING SUBSIDIARIES We may not be able to successfully operate our Park InfusionCare business. Our pharmacy subsidiary is subject to extensive regulation. If we do not adequately respond to competitive pressures, demand for our products and services could decrease. Risk related to third party payors. We are substantially dependent on a single supplier of pharmaceutical products to sell products to us on satisfactory terms. A disruption in our relationship with this supplier could have a material adverse effect on our business. Failure to maintain sufficient sales to qualify for favorable pricing under our long term supply contract could increase the costs of our products. The current or future shortage in licensed pharmacists, nurses and other clinicians could adversely affect our business. Certain risks are inherent in providing pharmacy services, and our insurance may not be adequate to cover any claims against us. CRESA Partners of Orange County, L.P. We have numerous significant competitors, some of which may have greater financial resources than we do. A significant portion of our operations are concentrated in southern California and our business could be harmed if the economic downturn continues in the southern California real estate markets. Our results of operations vary significantly among quarters, which makes comparison of our quarterly results difficult. Our success depends upon the retention of our senior management, as well as our ability to attract and retain qualified and experienced employees. If we fail to comply with laws and regulations applicable to real estate brokerage, we may incur significant financial penalties. We may have liabilities in connection with real estate brokerage activities. RISKS RELATED TO OUR INVESTMENTS IN REAL ESTATE The success of real estate developments is dependant on tenants to generate lease revenues. Real estate development strategies entail certain risks. General economic conditions in the areas in which our properties are geographically concentrated may impact financial results. Exposure of our assets to damage from natural occurrences such as earthquakes, and weather conditions that affect the progress of construction may impact financial results. Illiquidity of real estate and reinvestment risk may reduce economic returns to investors. We are controlled by our principal stockholders, officers and directors. We have certain relationships with related parties. Our stock is not listed on The NASDAQ National Market. We may be subject to litigation in the future.

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1080029--4/16/2007--ASCENDANT_SOLUTIONS_INC