Development Stage. The Company was organized as a Texas corporation on April 21, 1989 and changed its jurisdiction of incorporation on January 26, 1995 by becoming a Utah corporation. Since it has not sustained profitable operations in any of its market sectors during the periods reflected in the attached SEC reports, the Company must be considered a development stage enterprise with limited prior operating history. Each investor should be advised that, historically and statistically, development stage entities constitute a greater risk of loss of investment than investment in a seasoned company.
Appears in 2 contracts
Sources: Subscription Agreement (Chequemate International Inc), Subscription Agreement (Chequemate International Inc)