1326068--6/30/2008--ENABLE_IPC

related topics

{stock, price, share}

{acquisition, growth, future}

{product, candidate, development}

{interest, director, officer}

{stock, price, operating}

{provision, law, control}

{property, intellectual, protect}

{competitive, industry, competition}

{personnel, key, retain}

{control, financial, internal}

{product, market, service}

{operation, natural, condition}

{regulation, change, law}

{cost, operation, labor}

SPECIAL NOTE ABOUT FORWARD-LOOKING STATEMENTS Risks Related to Our Business Our auditors have stated that they have doubts as to our ability to continue as a going concern, which could hamper our ability to obtain investment capital and prevent us from implementing our business plan. We are an early stage company with no products currently available for commercial sale, and have a limited operating history on which to evaluate our potential for future success. We expect losses for the foreseeable future and may never achieve profitability. If we do not raise additional capital, we may have to curtail or even cease operations. Raising additional capital may cause significant dilution to our stockholders. If we obtain additional funding through debt financing, we may not receive favorable terms. Establishing our revenues and achieving profitability will depend on our ability to develop and commercialize our products. Competition for experienced personnel is intense and our inability to attract and retain qualified personnel could significantly interrupt our business operations. We depend on our current executive officers. Legislative and regulatory actions and potential new accounting pronouncements are likely to impact our future financial condition and results of operations. We may be unable to compete effectively with other companies in our market sector, many of whom are substantially larger and more established and have significantly greater resources. If we are unable to effectively manage our growth, we may experience operating inefficiencies and have difficulty meeting demand for our products. Our limited ability to protect our intellectual property and defend against claims may adversely affect our ability to compete. If we are unable to successfully protect our inventions through the issuance and enforcement of patents, our operating results could be adversely affected. Our headquarters are located in Southern California where disasters may occur that could disrupt our operations and harm our business. Acquisitions may disrupt or otherwise have a negative impact on our business. Anti-takeover provisions and our right to issue preferred stock could make a third-party acquisition of us, or the removal of our current management, difficult. Risks Related to Our Industry The markets in which we compete are subject to rapid technological progress and to compete we must continually introduce new products that achieve broad market acceptance. Certain products from which we are excluded from pursuing may prove more lucrative than the products we may and do choose to pursue. Nanotechnology is a science in its infancy and there may be dangers involved in its use. Risk Factors Related to Our Common Stock We have no current plans to pay dividends. Certain of our early private placements may have involved general solicitations under federal and state securities laws, the result of which is that the holders of shares of common stock and warrants issued in these placements may have rescission rights that could require us to reacquire the shares for an aggregate repurchase price of up to $188,000. Our issuance of additional common stock in exchange for services or to repay debt would dilute the proportionate ownership and voting rights of our stockholders and could have a negative impact on the market price of our common stock. The elimination of monetary liability against our directors, officers and employees under our Certificate of Incorporation and the existence of indemnification rights for our directors, officers and employees may result in substantial expenditures by us and may discourage lawsuits against our directors, officers and employees. Our directors have the right to authorize the issuance of shares of our preferred stock and additional shares of our common stock. 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. Our common stock is subject to the penny stock rules of the Securities and Exchange Commission, and the trading market in our common stock is limited, which makes transactions in our stock cumbersome and may reduce the investment value of our stock. The market for penny stocks has suffered in recent years from patterns of fraud and abuse.

Full 10-K form ▸

1326068--6/30/2008--ENABLE_IPC_CORP