1091356--3/31/2008--SEAENA

related topics

{stock, price, share}

{interest, director, officer}

{acquisition, growth, future}

{personnel, key, retain}

{condition, economic, financial}

{competitive, industry, competition}

Due to our operating losses, accumulated deficit, and working capital deficiency, the report of our independent registered accounting firm contains a paragraph expressing substantial doubt about our ability to continue as a going concern. We have a working capital deficiency and insufficient cash, which raises substantial doubt about our ability to sustain business operations. We may be unable to pay our U.C. Laser debt as it becomes due, and may be required to issue additional debt or equity securities which will dilute your investment and could cause a change of control. We may be unable to complete our planned change of control transaction with Concord Industries or it may prove unsuccessful or divert our resources. Since we operate in the giftware industry, we are affected by economic conditions and consumer trends. We may face competition from existing and potential competitors. The loss of our officers and directors or our failure to attract and retain additional personnel could adversely affect our business. Because our common stock is deemed a low-priced Penny stock, an investment in our common stock should be considered high risk and subject to marketability restrictions. If we fail to remain current on our reporting requirements, we could be removed from the OTC Bulletin Board, which would limit the ability of broker-dealers to sell our securities and the ability of stockholders to sell their securities in the secondary market. We have the ability to issue additional shares of our common stock and shares of preferred stock without asking for stockholder approval, which could cause your investment to be diluted. FINRA sales practice requirements may also limit a stockholder's ability to buy and sell our stock.

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1091356--3/31/2008--SEAENA_INC.