I bought today. I hear good things are coming.
INTQ
biz.yahoo.com
Net cash used in operating activities was $344,684 and $48,668 for the three
months ended March 31, 1999 and 1998, respectively. The Company's operating
cash flows have been insufficient to satisfy growing cash needs without the
help of a private placement offering of $1,062,000 (1,446,000 shares) during
the first quarter of 1999.
Liquidity is a significant concern for the Company until it can generate
adequate cash flows from operations, which are primarily dependent on the
development, marketing and distribution of the Company's products. Management
believes that continued financing from private investors through the
issuance of Common Stock must be obtained in order to meet the Company's
expected growth and capital needs for the coming year.
The Company is now looking to raise equity financing of $5,000,000 to
$10,000,000 to provide additional working capital to meet the Company's growth
plans. With the additional infusion of capital and the existing receivables,
the Company is planning to build extra inventory, hire additional staff, meet
its budgeted marketing efforts and acquire other products or businesses.
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