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China Grand Resorts (OTC BB:CGND)

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All Research Auditor trail CFO Trail Liquidity Requirements

Friday, January 14, 2011

We continue to experience significant losses from operations. As discussed below, we anticipate that we will generate sales from the Project commencing in the first quarter of calendar year 2011. However, we nonetheless have an immediate need for capital to conduct our new business endeavors as well as our ongoing working capital needs. We anticipate raising capital through additional private placements of our equity securities, and, if available on satisfactory terms, debt financing.

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