heute +66,66% geht da mehr? o. T.

The Company's business model focuses in part on the acquisition and development of viable subsidiaries. Since December 31, 2005, the Company has changed its corporate name and its trading symbol, purchased MCR Printing and Packaging Corporation, divested itself of its only non-profitable subsidiary along with its entire $1.6 million in debt and announced the impending launch of Packaging City.

With the spin off of eWorldMedia, the Company no longer needs additional financing to continue operations.

Management's Discussion and Analysis of Financial Condition and Results of

Operations

Income Statement Data
                                                2005           2005

            Revenue from operations            3,639,673        484,177
            Gross profit (Loss)                1,346,818        432,458
            Income (Loss) from operations     (8,466,302 )   (4,359,118 )
            Net Income (Loss)                 (9,973,871 )   (3,936,993 )
            Net Income (Loss) per Share             (.34 )      (140.62 )
            Balance Sheet Data
            Total Assets                         361,521     10,527,668
            Total Liabilities                   (521,546 )   (4,100,386 )
            Stockholders' Equity                (160,025 )    6,427,282
            (deficit)




Year Ended December 31, 2006 Compared to Year Ended December 31, 2005

The consolidated net (loss) for the fiscal year ended December 31, 2006 was $(9,973,871) compared with a net loss of $(3,936,993) for the fiscal year ended December 31, 2005. The primary reason for the significant increase was the issuance of preferred stock for services, commissions and consulting fees. The Company generated consolidated net revenues of $3,639,673 during the twelve months ended December 31, 2006 compared with net revenues of $484,177 in the previous fiscal year ended December 31, 2005.

The Company expended $545,005 for salaries and wages during fiscal year ended December 31, 2006 as compared to $663,234 during the fiscal year ended December 31, 2005. In addition, the Company incurred $2,276,609 for commissions and outside consulting services during the current fiscal year, which represents an increase in expense compared to $2,081,911 spent in this category during the prior fiscal year.

Total general and administrative expenses increased to $6,734,764 in the current fiscal year from $1,928,839 a year prior.

Liquidity and Capital Resources

At December 31, 2006, the Company had retained earnings of $(21,812,520) as compared to retained earnings on December 31, 2005 of (11,648,552). Net cash used in operating activities was $(767,728) for the fiscal year ended December 31, 2006, compared to $(598,250) of net cash provided by operating activities for the year ended December 31, 2005.

In fiscal year ending December 31, 2006, the Company received $299,476 in cash from the acquisition. Net cash provided by financing activities in the fiscal year ending December 31, 2006 was $290,000 as compared to net cash provided by financing activities of $720,550 in fiscal year ended December 31, 2005. Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements, that have or are reasonably likely to have a current or future effect on the Company's financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that are material to investors.


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wenigstens ist es jemandem aufgefallen...lach