920990--4/17/2006--METRO_ONE_TELECOMMUNICATIONS

related topics

{system, service, information}

{customer, product, revenue}

{cost, operation, labor}

{stock, price, operating}

{product, market, service}

{acquisition, growth, future}

{stock, price, share}

{personnel, key, retain}

{control, financial, internal}

{provision, law, control}

{regulation, government, change}

{competitive, industry, competition}

We have a history of losses and negative cash flows on a quarterly and annual basis, and may experience greater losses from operations than we currently anticipate, which raises doubt about our ability to continue as a going concern. We may need additional capital in the future, and it may not be available on acceptable terms, or at all. We have contracts with a limited number of carrier customers. If we fail to extend these contracts or sign new ones, or if these contracts are terminated prior to their expiration, our business could be adversely affected. We are restructuring our business to focus on providing directory assistance and information services on a wholesale basis. Even after giving effect to this restructuring, we may not have sufficient cash to execute on our current business plan. We need to expand call volume, increase our efficiencies and substantially lower the cost of delivery of our services in order to be successful. We have a long sales cycle which may cause delays that adversely affect our revenue growth and operating results. Our inability to achieve desired pricing levels could adversely affect our ability to return to profitability. We face substantial competition from a number of other companies. The rapidly changing telecommunications market could unfavorably affect us. Our quarterly and annual operating results may vary significantly in part due to factors outside our control. Our operating results are significantly affected by our ability to accurately estimate the amount and timing of call volume, which is often subject to factors outside of our control. Regulations affecting our customers and suppliers and future regulations to which we may be subject may adversely affect our business. Future acquisitions, joint ventures, or other efforts to pursue additional growth strategies may strain our operations. If we are unable to anticipate changes in technology and industry standards and to develop new services and features, we may not succeed. Alternative methods for delivery of directory assistance and information services could reduce the demand for our services. Systems failures, delays and other problems could harm our reputation and business, cause us to lose customers and expose us to customer liability. If we are unable to obtain or adequately update directory or information content at an economical cost, we may be unable to provide current levels of service or improve our service. As we rely on a limited number of suppliers, an abrupt loss of any key supplier could adversely affect our business operations or delay our development efforts. If we are unable to continue to attract and retain qualified senior management, sales and technical personnel and call center operators, or our call center staff is unionized, our operations could be adversely affected. If we are unable to use and protect our intellectual property, we may be unable to provide some of our Enhanced Directory Assistance and information services or profitably operate our business. Our common stock may be delisted from the Nasdaq Capital Market if we are unable to maintain compliance with Nasdaq Capital Market continued listing requirements. Our common stock price is volatile. Oregon law and provisions of our charter could make the acquisition of our Company more difficult.

Full 10-K form ▸

920990--4/17/2006--METRO_ONE_TELECOMMUNICATIONS_INC