POWER SPORTS FACTORY (GREY:PSPF)

WEB NEWS

Wednesday, June 11, 2008

Research
The Company presently does not have sufficient liquid assets to finance its anticipated funding needs and obligations. The Company’s continued existence is dependent upon its ability to obtain needed working capital through additional equity and/or debt financing and achieve a level of revenue and production adequate to support its cost structure.

The decrease in sales for the three month period ended March 31, 2008, was primarily due to introduction of our new line of scooters under our recently negotiated rights to the Andretti brand and the lack of adequate inventory to meet the requirements of our dealers. For our increased inventory requirements and marketing efforts, as well as product development, we will require substantial additional financing.

Source: SEC Form 10-Q (May 14, 2008)


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