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Tracking 1053 U.S. listed China Stocks and Counting...
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Uan Cultural & Creative (OTC BB:UCCC)
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Saturday, May 28, 2011
Given that we began our business in August of 2010,
we have a limited operating history
from which we can evaluate trends other factors that may affect our business. Certainly, we will be affected by economic conditions in Taiwan. However, we believe there is an increasing customer appreciation for art works in Asia, particularly in Taiwan and in China. We believe that the market for art works in Taiwan has great potential. However, our primary challenge is to tap that market with the limited capital we have available. Therefore, our initial focus is to expand our business in ways that do not require significant capital expenditures and to create name recognition for the Company through the promotion of the arts in general, which we expect to accomplish through our sponsorship of art shows, exhibitions, and contests, our relationships with feature artists and through our internet programs.
However, we realize that if we continue to incur operating losses
, we will not be able to continue our operations. We are therefore trying to be very selective when it comes to cash expenditures.
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