1115975--6/12/2009--SILVERGRAPH_INTERNATIONAL

related topics

{stock, price, share}

{interest, director, officer}

{property, intellectual, protect}

{control, financial, internal}

{acquisition, growth, future}

We have a history of losses and nominal operating results. We have had negative cash flows from operations since inception. We will require significant additional financing, the availability of which cannot be assured, and if we are unable to obtain such financing, our business may fail. We hold no patents on our proprietary technology and if we are not able to protect our proprietary technology, we may lose our competitiveness and suffer a material adverse effect. We may become subject to intellectual property litigation which may be time-consuming and costly. Our board has determined to wind down New Era Studios, Inc. Our board has not made a determination of fairness regarding related-party transactions. Failure to achieve and maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could lead to loss of investor confidence in our reported financial information. Investors in our common stock may suffer future dilution from warrant exercises. If we issue additional shares in the future, it will result in dilution for our existing shareholders The SEC's penny stock regulations may restrict trading of our stock, which may limit a stockholder's ability to buy and sell our stock. NASD sales practice requirements may also limit a stockholder's ability to buy and sell our stock. Our common stock is illiquid and factors unrelated to our operations may negatively impact the price of our common stock.

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1115975--6/12/2009--SILVERGRAPH_INTERNATIONAL_INC