Sportstek Acquisition Corp. (NASDAQ:SPTK)

Our original plan of operation was to prospect for gold. Due to our failure to commence our exploration work on a timely basis our original geologist was no longer available to do work for us.  Our search for a new geologist was not successful and as a result, we decided to explore alternative business opportunities.
 
We intend to continue to explore other business opportunities although we have not identified any new business opportunities and have no agreements related to such opportunities. Our plan of operation for the next three months will be to : (i) consider guidelines of industries in which the Company may have an interest; (ii) adopt a business plan regarding engaging in business in any selected industry; and (iii) to commence such operations through funding and/or the acquisition of a “going concern” engaged in any industry selected.
 
Any new business opportunities will likely require additional capital. We do not believe we have sufficient funds to meet our cash requirements for the next twelve months.  As we will continue to incur administrative and professional charges associated with preparing, reviewing, auditing and filing our financial statements and our periodic and other disclosure documents we will need to raise additional capital. We intend to raise the capital by issuing debt and/or equity securities.  At the present time, we have not made any plans to raise additional money and there is no assurance that we will be able to raise additional money in the future.  If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations.