FWLD List stock filing news.....will just post the first part of the release and the link to the full meal deal as it's real long and the financials don't come out right here all the time.
biz.yahoo.com
FILMWORLD INC (FWLD.OB)
Annual Report (SEC form 10KSB)
MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION
Statements contained herein that are not historical facts are forward-looking statements, as that term is defined by the Private Securities Litigation Reform Act of
1995. Although the Company believes that expectation reflected in such forward-looking statements are reasonable, the forward-looking statements are subject to
risks and uncertainties that could cause results to differ from those projected. The Company cautions investors that any forward-looking statements made by the
Company are not guarantees of future performance and that actual results may differ materially from those in the forward-looking statements. Such risks and
uncertainties include, with limitation: well established competitors who have substantially greater financial resources and longer operating histories, changes in the
regulatory environment in which the Company competes, and access to sources of capital.
Plan of Operation
1. Completion of Reorganization
During the first quarter of 2001, the Company intends to complete its change in business focus from the entertainment industry to its intended participation in the oil
refining industry. In this regard, management intends to take appropriate action to change the Company's name and possibly merge the Company's wholly-owned
subsidiary, GRD, Inc., doing business as SulphCo., into the Company. It is management's intention to eventually operate the Company under the name SulphCo,
Inc. Management also likely will change the symbol under which the Company's shares are traded on the Over the Counter Bulletin Board from FWLD to a symbol
which relates to the Company's new name or business.
Management also is exploring the possibility of obtaining a listing for the Company shares on the NASDAQ Small Cap market. In order to obtain such a listing, the
Company must meet certain eligibility requirements set by NASDAQ. No commitment has been made by management to apply for a listing on the NASDAQ Small
Cap Market.
2. Business Plans
During 2001, the Company intends, with it's marketing partner Bechtel to formalize it business relationships with third parties for the completion of an industrial
design for the Company's proprietary technology. The Company expects due diligence being performed by two such third parties will be complete by mid March,
2001. At that point the Company intends to move forward with the design of industrial units and plans to be in a position to produce a test unit for Beta testing by
Sinclair Oil Company before the end of September 2001. Thereafter the Company intends to make appropriate changes to the design of the industrial units as may
be prudent given the results of the Beta testing. The Company plans call for the marketing and sale of the industrial units before the end of 2001.
The Company will market a completed design for industrial units through its business relationship with third parties who participate in the design of the units. In this
regard, the Company's plans on formalizing a long-term relationship with Bechtel, Inc., a well-established company in the world-wide markets for the location,
extraction, transportation and refinement of petroleum products. |
