To: ZORBS 99 who wrote (58227 ) 8/28/1999 12:21:00 PM From: red_dog Read Replies (1) | Respond to of 120523
This is quite long but I don't see it in the statement: ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS General The Company currently derives most of its revenues from: the production of original music scores and advertising themes for television, radio, and film; the production of music videos used to promote music artists and televised music specials and programs for television networks and other video broadcasters; the management of music artists and the record business. The results of operations of the Company's operating subsidiaries are subject to seasonal variations. Consequently, the Company's results of operations from period to period may be materially affected. The timing of new record releases, for example, could materially impact the Company's operating results. Additionally, due to the success of particular artists, artists' touring schedules and the timing of music television specials, it is possible that the Company could also experience material fluctuations in revenue from year to year. During the remainder of fiscal 1999 and in the next fiscal year, the Company expects to expand significantly through acquisitions and joint venture arrangements in the music and entertainment industry. It is anticipated that acquisitions may be financed through the issuance of the Company's stock as well as with funds provided from financing sources, if available. The Company has executed several letters of intent with respect to prospective acquisitions (see Note 8 to the consolidated financial statements). Forward-Looking Statements Except for the historical information contained herein, this quarterly report on Form 10-QSB may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results of operations may differ materially from those projected or suggested in the forward-looking statements due to certain risks and uncertainties, including, without limitation, risks associated with the Company being a recently consolidated entity, dependence on senior management, risks inherent in the recorded music industry such as the possibility of losses by the record label and popularity of recording artists, the Company's ability to contract with recording artists, the Company's ability to manage growth and the success of the Company's music and entertainment acquisition program. The forward-looking statements contained herein represent the Company's judgement as of the date of this release hereof, and the Company cautions readers not to place undue reliance on such statements. Rg