RE:lol... prospectusFYI:
USE OF PROCEEDS
The Corporation’s current intended use of proceeds are for: (a) capital expenditures; and (b) working capital; and (c) general corporate purposes. The proposed capital expenditures include, supporting the Corporation’s ongoing research and development efforts. Based on the Corporation’s working capital, as of the Annual Financial Statements, together with the expected positive cash flow from operations, the Corporation expects to be able to continue operations well beyond the next 12 month period. Though there are currently no probable acquisitions by the Corporation, the Corporation anticipates canvassing the market for accretive acquisition opportunities. The Corporation is expanding its business into the smart buildings and facilities, emission verification and compliance, and real-time air quality monitoring industries through internal research and development, the acquisition of key personnel with relevant industry experience, and, if the opportunity arose, strategic acquisitions. Specific information about our use of the net proceeds from an offering of Securities will depend on the size and type of offering and will be set forth in the prospectus supplement for that offering. We may, from time to time, issue securities (including Securities) other than pursuant to this Prospectus.