Item 8.01 Other Events.
On
COVID-19 is currently impacting countries, communities, businesses, and markets,
as well as global financial markets. Although management cannot predict at this
time whether COVID- 19 will have a material impact on our future financial
condition and results of operations, we believe that it could have a bearing on
our ability to follow through with our business plan for the next 12 months,
including our ability to obtain necessary financing. However, our ability to
complete and file our annual report for the year ended
Below is a risk factor regarding COVID-19 that our shareholders and potential
investors in
The occurrence of the COVID-19 pandemic may negatively affect our business, financial condition and results of operations.
We are in the early stages of developing our business plan of building a
revenue-producing film service business and becoming an independent producer of
television and movie content. Because our business is customer-driven, our
revenue requirements will be reviewed and adjusted based on future revenues.
Expenses associated with operating as a public company are included in
management's budget. The occurrence of an uncontrollable event such as the
COVID-19 pandemic is likely to negatively affect our operations. A pandemic such
as COVID-19 can result in social distancing, travel bans and quarantines, which
can lead to limited access to customers, management, support staff, consultants
and professional advisors. These, in turn, will not only impact our operations,
financial condition and demand for our services and products, but our overall
ability to react timely to mitigate the impact of the event. It may also
substantially hamper our efforts to provide investors with timely information
and our ability to comply with filing obligations with the
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Cautionary Note About Forward-looking Statements
Statements contained in this current report which are not historical facts, may be considered "forward-looking statements," which term is defined by the Private Securities Litigation Reform Act of 1995. Any "safe harbor under this Act does not apply to a "penny stock" issuer, which definition would include the company. Forward-looking statements are based on current expectations and the current economic environment. We caution readers that such forward-looking statements are not guarantees of future performance. Unknown risks and uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.
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