1396633--4/15/2009--Castwell_Precast

related topics

{stock, price, share}

{interest, director, officer}

{stock, price, operating}

{condition, economic, financial}

{control, financial, internal}

{personnel, key, retain}

Our financial statements contain a going concern qualification indicating that we do not have the necessary working capital for our planned activity which raises doubts about our ability to continue as a going concern. We were incorporated in March 2005, have a history of operating losses and there can be no assurance that we will be able to operate at a profit in the future. Our operations are subject to various risks including, but not limited to, the continuation of the housing crisis and the related decrease in new residential construction which has already substantially reduced the demand for our products and has had a material adverse effect on our business and financial condition. We depend on our officers and the loss of their services would have an adverse effect on our business. There is currently no established trading market for our stock and there is no assurance that any market will develop in the future, which means a purchaser of our shares may not be able to resell the shares in the future. Our stock is subject to special sales practice requirements that could have an adverse impact on any trading market that may develop for our stock. Our officers and directors own a majority of our issued and outstanding shares and other stockholders have little or no ability to elect directors or influence corporate matters All shares previously sold by us without registration are currently eligible for sale under Rule 144, which may have an adverse impact on any trading market that may develop for our common stock.

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1396633--4/15/2009--Castwell_Precast_CORP