DCH...
RISKS RELATED TO DCH'S OPERATIONS
WE ARE IN IMMEDIATE NEED OF ADDITIONAL CAPITAL.
We are currently experiencing a very severe cash shortfall. We have been seeking a strategic investor or partner, but to date have not reached any agreement or understanding with any such party. We obtained the majority of our capital during the first quarter of 2002 from the sale of equity securities, but do not currently have free-trading shares available for public sales under a registration statement. We may from time to time raise funds from private placements of equity or debt securities; however, we currently have not entered into any agreement or other understanding regarding any private placements. If we raise additional funds from private placements of equity or convertible debt securities, the percentage ownership of our shareholders will be diluted. Obtaining capital will be challenging in a difficult environment, due to the economic downturn in the United States economy. In the event that we cannot secure sufficient working capital in the next few weeks, we will be required to pursue certain strategic options including but not limited to curtailing our operations or selling all or a portion of one or more of our divisions.
WE HAVE A HISTORY OF LOSSES, AND WE EXPECT LOSSES FOR THE NEXT TWO FISCAL YEARS;
WE MAY NOT BE ABLE TO CONTINUE AS A GOING CONCERN.
Since our inception in November 1994, we have incurred substantial losses. Our comprehensive net loss equaled $1,477,756 for the three months ended March 31, 2002. For the year ended December 31, 2001, we had a comprehensive net loss of $9,935,119. We had an accumulated deficit of $27,691,844 at March 31, 2002.
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