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Technology Stocks : CQMT is now DDD (Chequemate International, Inc)
DDD 2.820-6.9%Oct 30 3:59 PM EDT
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To: Randy berg who wrote (23)1/28/2000 1:47:00 PM
From: StockDung   of 51
 
NOTE 12 - GOING CONCERN

The Company's financial statements are prepared using generally
accepted accounting principles applicable to a going concern which
contemplates the realization of assets and liquidation of
liabilities in the normal course of business. The Company has
incurred losses from its inception through June 30, 1999. The
Company does not have an established source of revenues sufficient
to cover its operating costs. It is the intent of the Company to
seek additional financing through private placements of its common
stock.

Management has formulated a plan to raise additional funding
through stock issuances and increase in debt. In addition, the
Company's projected increase in revenue from the establishment of
its three dimensional cable channel will provide sufficient
capital for operations.

15
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