1133901--7/14/2008--Morris_Business_Development

related topics

{stock, price, share}

{stock, price, operating}

{cost, contract, operation}

{loan, real, estate}

{investment, property, distribution}

{customer, product, revenue}

{acquisition, growth, future}

{personnel, key, retain}

{competitive, industry, competition}

{control, financial, internal}

{loss, insurance, financial}

We have a limited operating history. We will likely experience fluctuation in our quarterly performance. Since our competitors have greater financial and marketing resources than we do, we may experience a reduction in market share and revenues. We are dependent upon portfolio clients for our sales, and the inability to attract new client companies would materially reduce our future revenues and could harm our business, financial condition and results of operations. We rely on a limited number of third-party suppliers to provide some of the services and products we resell and distribute. If our operations continue to result in a net loss, negative working capital and a decline in net worth, and we are unable to obtain needed funding, we may be forced to discontinue operations. We have never paid any dividends on our common stock. Since we have limited experience with portfolio investment companies we may encounter problems that would negatively impact our financial condition. Our common stock may be affected by limited trading volume and may fluctuate significantly. Our common stock is traded on the "Over-the-Counter Bulletin Board," which may make it more difficult for investors to resell their shares due to suitability requirements. Our share ownership is concentrated. We may change our investment policies without further shareholder approval. Our investments may not generate sufficient income to cover our operations. Our officers and directors have the ability to exercise significant influence over matters submitted for stockholder approval and their interests may differ from other stockholders. Our board of directors will value our portfolio investments. We plan to target portfolio companies that are early to growth stage companies dependent upon the successful commercialization of their goods or services. Each of our investments in portfolio companies is subject to a high degree of risk, and we may lose all of our investment in a portfolio company if it is not successful. The securities we hold in our portfolio companies may be subject to restriction on resale, and we may not be able to sell the securities we hold for amounts equal to their recorded value, if at all. We are subject to substantive SEC regulations as a business development company. We have made no investments in other companies. We have never had any annual net profit and there is no assurance that we will be able to achieve the financing necessary to enable us to proceed with the development of our business plan. We need to raise capital in order to fulfill our business plan. The services of our directors, officers and key staff are essential to our future success.

Full 10-K form ▸

1133901--7/14/2008--Morris_Business_Development_Co