Dependence on Continued Growth of the Internet:
PRWT's[sic] future success is partly dependent upon continued growth in the use of the Internet generally and, in particular, as a medium for advertising, marketing, services and commerce. Commercial use of the Internet is at an early stage of development, and market acceptance of the Internet as a medium for advertising, information services and commerce is subject to a high level of uncertainty. The relative effectiveness of the Internet as an advertising medium as compared to traditional advertising media, for example, has not been determined. If commercial use of the Internet fails to continue to expand, PRWT's[sic] business, results of operations and financial condition would be adversely affected.
Government Regulation and Legal Uncertainties
PRWT[sic] is not currently subject to direct regulation by any government agency, other than regulations applicable to businesses generally. However, governmental regulators may apply such regulations to Internet activities. There are currently few laws or regulations directly applicable to access to or commerce on the Internet. Due to increasing popularity and use of the Internet, however, it is possible that a number of laws and regulations may be adopted with respect to the Internet, covering issues such as user privacy, pricing, characteristics and quality of products and services. The adoption of any additional laws or regulations may also decrease the growth of the Internet, which could in turn decrease the demand for PRWT's[sic] products and services or could increase PRWT's[sic] cost of doing business. Moreover, the applicability to the Internet of a range of existing laws in domestic and international jurisdictions governing issues such as commerce, taxation, property ownership, defamation and personal privacy is uncertain and will likely evolve over the course of many years. Any such new legislation or regulation or application or interpretation of existing laws, including tax laws, could have an adverse effect[sic] on PRWT's[sic] business, results of operations and financial condition.
Rapid Change in Technology and Distribution Channels:
Because of the use of the Internet as a commercial medium is relatively recent and continues to evolve, the market for PRWT's[sic] products and services is characterized by rapidly changing technology, evolving industry standards, frequent new product and service introductions, shifting distribution channels, and changing customer demands. Accordingly, PRWT's[sic] future success will depend on its ability to adapt to this rapidly evolving marketplace. There can be no assurance that PRWT[sic] will be able to adequately adapt its products and services or to acquire new products and services that can compete successfully or that PRWT[sic] will be able to establish and maintain competitive product and service offerings and distribution channels would have an adverse affect on PRWT's[sic] business, results of operations and financial condition. In addition, responding to these rapid technological changes could require substantial expenditures by PRWT[sic], and there can be no assurance that such expenditures will yield a positive investment return.
Competition:
The market in both the mortgage industry and the Internet products and services is highly
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