1283236--3/31/2008--WLG

related topics

{customer, product, revenue}

{capital, credit, financial}

{stock, price, share}

{cost, regulation, environmental}

{personnel, key, retain}

{system, service, information}

{regulation, change, law}

{cost, contract, operation}

{condition, economic, financial}

We are dependent on third parties for equipment and services essential to operate our business, and we could lose customers and revenues if we fail to secure this equipment and these services. We rely on overseas cargo agents to provide services to us and to our customers, and our ability to conduct business successfully may be affected if we are unable to maintain our relationships with these overseas cargo agents. Political uncertainty in Hong Kong and the PRC makes it difficult to develop long range business plans, which may reduce our revenues and operating profits. Our business is seasonal and our operating results and financial condition may therefore fluctuate. We could lose customers because we do not have an on-going contractual relationship with them, which could reduce our revenues and operating profits. We incur significant credit and liquidity risks in the operation of our business, which could reduce our operating profits. Because the majority of our costs for air freight are incurred under space contracts and guarantees, we incur significant risk of loss which could reduce our operating profits. Many of the transactions affected by our operating subsidiaries are denominated in Hong Kong dollars, the Chinese Renminbi, Euros, the British pound and Australian dollars. Fluctuations in exchange rates between these currencies and the US dollar could adversely affect our operating profits. Because one airfreight carrier accounted for approximately 26% of our airfreight shipping and one shipping line accounted for approximately 9% of our sea freight shipments for the year ended December 31, 2007, the loss of either of these carriers could reduce our revenues and operating profits. Because of the scheduled Olympic Games in China during the summer of 2008, it is possible that some Chinese port and manufacturing facilities may be required by the Chinese government to close or reduce activity for a period of time. If this occurs, our revenues and operating profits from China may be reduced. We are heavily dependent on our management. Local management control in each jurisdiction. Our common stock is traded on the Over the Counter Bulletin Board, and trading in our common stock may be limited and the price of our common stock may be subject to substantial volatility. Our common stock is subject to penny stock regulations of the Securities and Exchange Commission, which may limit trading in our common stock.

Full 10-K form ▸

1283236--3/31/2008--WLG_INC