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Technology Stocks : DYNAMIC WEB (DWEB) -- Ignore unavailable to you. Want to Upgrade?

To: TLindt who wrote (61)	1/31/1999 6:16:00 PM
From: jjs_ynot	Read Replies (1) \| Respond to of 189

What do you use as a edgar search engine?

To: TLindt who wrote (61)	1/31/1999 6:29:00 PM
From: jjs_ynot	Respond to of 189

From the citation that you found: Substantial Losses Expected We expect to lose substantial amounts of money in the near future. We have intentionally increased our expenses substantially, and will continue to do so, by hiring more employees and spending more money to develop and market our products. Presently we have cash flow deficiencies of approximately $200,000 per month. We cannot give any assurances that our increased expenditures will result in sufficient increases in sales to make us profitable. Need for More Capital Because we are losing money in our operations, unless we raise a significant amount of new capital we will run out of money. We estimate that our resources on hand will last until approximately March 1999. We also estimate that we will need to raise approximately $3,000,000 in order to continue operations under our present business plan until the end of 1999. There is no assurance that we will be able to raise new capital. If we are not able to raise additional funding in a timely manner, we may have to scale back our operations or possibly cease operations. If we sell more common stock, the interests of existing investors in DynamicWeb may be diluted, meaning that their percentage ownership will be reduced. Auditors' Going Concern Considerations Our auditors' opinion on our financial statements as of September 30, 1998, calls attention to substantial doubts as to the ability of the Company to continue as a going concern. This means that they question whether we can continue in business. If we cannot continue in business, our common stockholders would likely lose their entire investment. Our financial statements are prepared on the assumption that we will continue in business. They do not contain any adjustments to reflect the uncertainty over our continuing in business.