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UNITED\ue000 STATES
SECURITIES\ue000 AND\ue000 EXCHANGE\ue000 COMMISSION
Washington,\ue000 D.C.\ue000 20549
FORM\ue000 10-K
\ue000 X\ue000\ue000 \ue000 ANNUAL\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACT\ue000 OF\ue000 1934
\ue000 X\ue000\ue000 \ue000 ANNUAL\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACT\ue000 OF\ue000 1934
For\ue000 the\ue000 fiscal\ue000 year\ue000 ended:\ue000 December\ue000 31,\ue000 2008
\ue000\ue000\ue000\ue000\ue000\ue000TRANSITION\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACT\ue000 OF\ue000 1934
\ue000\ue000\ue000\ue000\ue000\ue000TRANSITION\ue000 REPORT\ue000 PURSUANT\ue000 TO\ue000 SECTION\ue000 13\ue000 OR\ue000 15(d)\ue000 OF\ue000 THE\ue000 SECURITIES\ue000 EXCHANGE\ue000 ACT\ue000 OF\ue000 1934
For\ue000 the\ue000 transition\ue000 period\ue000 from\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000 to\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000\ue000
Commission\ue000 File\ue000 No.\ue000 000-52446
CACTUS\ue000 VENTURES,\ue000 INC.
(Name\ue000 of\ue000 small\ue000 business\ue000 issuer\ue000 in\ue000 its\ue000 charter)
Nevada
88-0378336
(State\ue000 or\ue000 other\ue000 jurisdiction
(I.R.S.\ue000 Employer\ue000 Identification\ue000 No.)
of\ue000 incorporation\ue000 or\ue000 organization)\ue000
251\ue000 Jeanell\ue000 Dr.,\ue000 Suite\ue000 3
Carson\ue000 City,\ue000 NV\ue000 89703
(Address\ue000 of\ue000 principal\ue000 executive\ue000 offices)
Issuer\u2019s\ue000 telephone\ue000 number:\ue000 702-234-4148

Securities\ue000 Registered\ue000 pursuant\ue000 to\ue000 Section\ue000 12(b)\ue000 of\ue000 the\ue000 Act:\ue000 \ue000None.
Securities\ue000 Registered\ue000 pursuant\ue000 to\ue000 Section\ue000 12(g)\ue000 of\ue000 the\ue000 Exchange\ue000 Act:\ue000 \ue000Common\ue000 Stock,\ue000 $.01\ue000 par\ue000 Value
Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 well-known\ue000 seasoned\ue000 issuer,\ue000 as\ue000 defined\ue000 in\ue000 Rule\ue000 405\ue000 of\ue000 the\ue000 Securities\ue000 Act.\ue000\ue000\ue000\ue000\ue000\ue000 \ue000 Yes\ue000 \ue000\ue000 X\ue000 \ue000 \ue000 No

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 well-known\ue000 seasoned\ue000 issuer,\ue000 as\ue000 defined\ue000 in\ue000 Rule\ue000 405\ue000 of\ue000 the\ue000 Securities\ue000 Act.\ue000\ue000\ue000\ue000\ue000\ue000 \ue000 Yes\ue000 \ue000\ue000 X\ue000 \ue000 \ue000 No
Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 not\ue000 required\ue000 to\ue000 file\ue000 reports\ue000 pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 Section\ue000 15(d)\ue000 of\ue000 the\ue000 Act.\ue000\ue000\ue000\ue000\ue000\ue000 \ue000 Yes\ue000 \ue000\ue000 X\ue000 \ue000 \ue000 No
Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 the\ue000 registrant\ue000 is\ue000 not\ue000 required\ue000 to\ue000 file\ue000 reports\ue000 pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 Section\ue000 15(d)\ue000 of\ue000 the\ue000 Act.\ue000\ue000\ue000\ue000\ue000\ue000 \ue000 Yes\ue000 \ue000\ue000 X\ue000 \ue000 \ue000 No
Note\ue000\u2013\ue000 checking\ue000 the\ue000 box\ue000 above\ue000 will\ue000 not\ue000 relieve\ue000 any\ue000 registrant\ue000 required\ue000 to\ue000 file\ue000 reports\ue000 pursuant\ue000 to\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Exchange\ue000 Act\ue000 from
their\ue000 obligations\ue000 under\ue000 those\ue000 Sections.
Processed and formatted by SEC Watch - Visit SECWatch.com

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 (1)\ue000 has\ue000 filed\ue000 all\ue000 reports\ue000 required\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the\ue000 Securities Exchange\ue000 Act\ue000 of\ue000 1934\ue000 during\ue000 the\ue000 preceding\ue000 12\ue000 months\ue000 (or\ue000 for\ue000 such\ue000 shorter\ue000 period\ue000 that\ue000 the\ue000 registrant\ue000 was\ue000 required\ue000 to\ue000 file\ue000 such\ue000 reports),\ue000 and\ue000 (2) has\ue000 been\ue000 subject\ue000 to\ue000 such\ue000 filing\ue000 requirements\ue000 for\ue000 the\ue000 past\ue000 90\ue000 days.\ue000\ue000\ue000\ue000X\ue000 \ue000\ue000 Yes\ue000\ue000\ue000\ue000\ue000\ue000 \ue000\ue000 No

has\ue000 been\ue000 subject\ue000 to\ue000 such\ue000 filing\ue000 requirements\ue000 for\ue000 the\ue000 past\ue000 90\ue000 days.\ue000\ue000\ue000\ue000X\ue000 \ue000\ue000 Yes\ue000\ue000\ue000\ue000\ue000\ue000 \ue000\ue000 No

Indicate\ue000 by\ue000 check\ue000 mark\ue000 if\ue000 disclosure\ue000 of\ue000 delinquent\ue000 filers\ue000 pursuant\ue000 to\ue000 Item\ue000 405\ue000 of\ue000 Regulations\ue000 S-K\ue000 (\u00a7\ue000 229.405\ue000 of\ue000 this\ue000 chapter)\ue000 is\ue000 not contained\ue000 herein,\ue000 and\ue000 will\ue000 not\ue000 be\ue000 contained,\ue000 to\ue000 the\ue000 best\ue000 of\ue000 registrant\u2019s\ue000 knowledge,\ue000 in\ue000 definitive\ue000 proxy\ue000 or\ue000 information\ue000 statements\ue000 incorporated by\ue000 reference\ue000 in\ue000 Part\ue000 III\ue000 of\ue000 this\ue000 Form\ue000 10-K\ue000 or\ue000 any\ue000 amendment\ue000 to\ue000 this\ue000 Form\ue000 10-K.\ue000 \ue000\ue000 X\ue000 .

by\ue000 reference\ue000 in\ue000 Part\ue000 III\ue000 of\ue000 this\ue000 Form\ue000 10-K\ue000 or\ue000 any\ue000 amendment\ue000 to\ue000 this\ue000 Form\ue000 10-K.\ue000 \ue000\ue000 X\ue000 .

Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 large\ue000 accelerated\ue000 filer,\ue000 an\ue000 accelerated\ue000 filer,\ue000 a\ue000 non-accelerated\ue000 filer,\ue000 or\ue000 a\ue000 smaller reporting\ue000 company.\ue000 See\ue000 the\ue000 definitions\ue000 of\ue000 \u201clarge\ue000 accelerated\ue000 filer,\u201d\ue000 \u201caccelerated\ue000 filer\u201d\ue000 and\ue000 \u201csmaller\ue000 reporting\ue000 company\u201d\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the Exchange\ue000 Act.

Large\ue000 accelerated\ue000 filer\ue000\ue000\ue000\ue000\ue000\ue000 \ue000 Accelerated\ue000 filer\ue000\ue000\ue000\ue000\ue000\ue000 .
Large\ue000 accelerated\ue000 filer\ue000\ue000\ue000\ue000\ue000\ue000 \ue000 Accelerated\ue000 filer\ue000\ue000\ue000\ue000\ue000\ue000 .
Non-accelerated\ue000 filer\ue000\ue000\ue000\ue000\ue000\ue000 \ue000\ue000 (Do\ue000 not\ue000 check\ue000 is\ue000 a\ue000 smaller\ue000 reporting\ue000 company)\ue000 Smaller\ue000 reporting\ue000 company\ue000\ue000 X\ue000 .
Non-accelerated\ue000 filer\ue000\ue000\ue000\ue000\ue000\ue000 \ue000\ue000 (Do\ue000 not\ue000 check\ue000 is\ue000 a\ue000 smaller\ue000 reporting\ue000 company)\ue000 Smaller\ue000 reporting\ue000 company\ue000\ue000 X\ue000 .
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 shell\ue000 company\ue000 (as\ue000 defined\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Act).\ue000\ue000\ue000\ue000\ue000X\ue000 \ue000\ue000 Yes\ue000\ue000\ue000\ue000\ue000\ue000 \ue000\ue000 No
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 is\ue000 a\ue000 shell\ue000 company\ue000 (as\ue000 defined\ue000 in\ue000 Rule\ue000 12b-2\ue000 of\ue000 the\ue000 Act).\ue000\ue000\ue000\ue000\ue000X\ue000 \ue000\ue000 Yes\ue000\ue000\ue000\ue000\ue000\ue000 \ue000\ue000 No

State\ue000 the\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 the\ue000 voting\ue000 and\ue000 non-voting\ue000 common\ue000 equity\ue000 held\ue000 by\ue000 non-affiliates\ue000 computed\ue000 by\ue000 reference\ue000 to\ue000 the price\ue000 at\ue000 which\ue000 the\ue000 common\ue000 equity\ue000 was\ue000 last\ue000 sold,\ue000 or\ue000 the\ue000 average\ue000 bid\ue000 and\ue000 asked\ue000 price\ue000 of\ue000 such\ue000 common\ue000 equity,\ue000 as\ue000 of\ue000 the\ue000 last\ue000 business\ue000 day\ue000 of\ue000 the registrant\u2019s\ue000 most\ue000 recently\ue000 completed\ue000 second\ue000 fiscal\ue000 quarter.\ue000\ue000 Our\ue000 common\ue000 stock\ue000 is\ue000 listed\ue000 on\ue000 the\ue000 Over\ue000 the\ue000 Counter\ue000 Bulletin\ue000 Board\ue000 (\u201cOTCBB\u201d), under\ue000 the\ue000 symbol\ue000 \u201cCTVN.\u201d\ue000 \ue000 There\ue000 was\ue000 not\ue000 an\ue000 active\ue000 market\ue000 and\ue000 no\ue000 trading\ue000 volume\ue000 during\ue000 fiscal\ue000 2007\ue000 and\ue000 there\ue000 has\ue000 been\ue000 no\ue000 trading\ue000 volume\ue000 in 2008,\ue000 therefore\ue000 the\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 the\ue000 issuer\u2019s\ue000 common\ue000 stock\ue000 held\ue000 by\ue000 non-affiliates\ue000 at\ue000 February\ue000 17,\ue000 2009\ue000 is\ue000 deemed\ue000 to\ue000 be\ue000 $-0-.

Note.\ue000 \u2013\ue000 If\ue000 a\ue000 determination\ue000 as\ue000 to\ue000 whether\ue000 a\ue000 particular\ue000 person\ue000 or\ue000 entity\ue000 is\ue000 an\ue000 affiliate\ue000 cannot\ue000 be\ue000 made\ue000 without\ue000 involving\ue000 unreasonable
effort\ue000 and\ue000 expense,\ue000 the\ue000 aggregate\ue000 market\ue000 value\ue000 of\ue000 the\ue000 common\ue000 stock\ue000 held\ue000 by\ue000 non-affiliates\ue000 may\ue000 be\ue000 calculated\ue000 on\ue000 the\ue000 basis\ue000 of\ue000 assumptions
reasonable\ue000 under\ue000 the\ue000 circumstances,\ue000 provided\ue000 that\ue000 the\ue000 assumptions\ue000 are\ue000 set\ue000 forth\ue000 in\ue000 this\ue000 Form.
APPLICABLE\ue000 ONLY\ue000 TO\ue000 REGISTRANTS\ue000 INVOLVED\ue000 IN\ue000 BANKRUPTCY
PROCEEDING\ue000 DURING\ue000 THE\ue000 PRECEDING\ue000 FIVE\ue000 YEARS:
Indicate\ue000 by\ue000 check\ue000 mark\ue000 whether\ue000 the\ue000 registrant\ue000 has\ue000 filed\ue000 all\ue000 documents\ue000 and\ue000 reports\ue000 required\ue000 to\ue000 be\ue000 filed\ue000 by\ue000 Section\ue000 12,\ue000 13\ue000 or\ue000 15(d)\ue000 of\ue000 the
Securities\ue000 Exchange\ue000 Act\ue000 of\ue000 1934\ue000 subsequent\ue000 to\ue000 the\ue000 distribution\ue000 of\ue000 securities\ue000 under\ue000 a\ue000 plan\ue000 confirmed\ue000 by\ue000 a\ue000 court.
\ue000\ue000\ue000\ue000\ue000Yes\ue000\ue000 \ue000\ue000\ue000\ue000\ue000\ue000No
\ue000\ue000\ue000\ue000\ue000Yes\ue000\ue000 \ue000\ue000\ue000\ue000\ue000\ue000No
(APPLICABLE\ue000 ONLY\ue000 TO\ue000 CORPORATE\ue000 REGISTRANTS)
Indicate\ue000 the\ue000 number\ue000 of\ue000 shares\ue000 outstanding\ue000 of\ue000 each\ue000 of\ue000 the\ue000 registrant\u2019s\ue000 classes\ue000 of\ue000 common\ue000 stock,\ue000 as\ue000 of\ue000 the\ue000 latest\ue000 practicable\ue000 date:
Class
Outstanding\ue000 as\ue000 of\ue000 February\ue000 17,\ue000 2009
Common\ue000 Stock,\ue000 $.01\ue000 par\ue000 value
11,155,008
DOCUMENTS\ue000 INCORPORATED\ue000 BY\ue000 REFERENCE

List\ue000 hereunder\ue000 the\ue000 following\ue000 documents\ue000 if\ue000 incorporated\ue000 by\ue000 reference\ue000 and\ue000 the\ue000 Part\ue000 of\ue000 the\ue000 Form\ue000 10-K\ue000 (e.g.,\ue000 Part\ue000 I,\ue000 Part\ue000 II,\ue000 etc.)\ue000 into which\ue000 the\ue000 document\ue000 is\ue000 incorporated:\ue000 (1)\ue000 Any\ue000 annual\ue000 report\ue000 to\ue000 security\ue000 holders;\ue000 (2)\ue000 Any\ue000 proxy\ue000 or\ue000 information\ue000 statement;\ue000 and\ue000 (3)\ue000 Any prospectus\ue000 filed\ue000 pursuant\ue000 to\ue000 Rule\ue000 424(b)\ue000 or\ue000 (c)\ue000 under\ue000 the\ue000 Securities\ue000 Act\ue000 of\ue000 1933.\ue000 The\ue000 listed\ue000 documents\ue000 should\ue000 be\ue000 clearly\ue000 described\ue000 for identification\ue000 purposes\ue000 (e.g.,\ue000 annual\ue000 report\ue000 to\ue000 security\ue000 holders\ue000 for\ue000 fiscal\ue000 year\ue000 ended\ue000 December\ue000 24,\ue000 1980).

2
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PART\ue000 I
ITEM\ue000 1.\ue000 \ue000 BUSINESS.
Business\ue000 Development

We\ue000 were\ue000 formed\ue000 as\ue000 a\ue000 Nevada\ue000 corporation\ue000 on\ue000 October\ue000 6,\ue000 1997\ue000 originally\ue000 under\ue000 the\ue000 name\ue000 Zurich\ue000 U.S.A.,\ue000 Inc.\ue000 \ue000 On\ue000 July\ue000 10,\ue000 2006,\ue000 we changed\ue000 our\ue000 name\ue000 to\ue000 Cactus\ue000 Ventures,\ue000 Inc.\ue000 and\ue000 began\ue000 pursuing\ue000 our\ue000 business\ue000 of\ue000 marketing\ue000 sunglasses.\ue000 \ue000 The\ue000 Company\ue000 encountered\ue000 numerous problems\ue000 various\ue000 vendors\ue000 and\ue000 ceased\ue000 its\ue000 operations\ue000 \ue000 \ue000 The\ue000 Company\ue000 has\ue000 now\ue000 focused\ue000 its\ue000 efforts\ue000 on\ue000 seeking\ue000 a\ue000 business\ue000 opportunity.\ue000 \ue000 The Company\ue000 will\ue000 attempt\ue000 to\ue000 locate\ue000 and\ue000 negotiate\ue000 with\ue000 a\ue000 business\ue000 entity\ue000 for\ue000 the\ue000 merger\ue000 of\ue000 that\ue000 target\ue000 company\ue000 into\ue000 the\ue000 Company.\ue000 In\ue000 certain instances,\ue000 a\ue000 target\ue000 company\ue000 may\ue000 wish\ue000 to\ue000 become\ue000 a\ue000 subsidiary\ue000 of\ue000 the\ue000 Company\ue000 or\ue000 may\ue000 wish\ue000 to\ue000 contribute\ue000 assets\ue000 to\ue000 the\ue000 Company\ue000 rather\ue000 than merge.\ue000 No\ue000 assurances\ue000 can\ue000 be\ue000 given\ue000 that\ue000 the\ue000 Company\ue000 will\ue000 be\ue000 successful\ue000 in\ue000 locating\ue000 or\ue000 negotiating\ue000 with\ue000 any\ue000 target\ue000 company.\ue000 The\ue000 Company will\ue000 provide\ue000 a\ue000 method\ue000 for\ue000 a\ue000 foreign\ue000 or\ue000 domestic\ue000 private\ue000 company\ue000 to\ue000 become\ue000 a\ue000 reporting\ue000 (\u201cpublic\u201d)\ue000 company\ue000 whose\ue000 securities\ue000 are\ue000 qualifie\ue000 d\ue000 for trading\ue000 in\ue000 the\ue000 United\ue000 States\ue000 secondary\ue000 market.\ue000 \ue000 We\ue000 are\ue000 now\ue000 considered\ue000 a\ue000 \u201cblank\ue000 check\u201d\ue000 company.

The\ue000 Company\ue000 will\ue000 attempt\ue000 to\ue000 locate\ue000 and\ue000 negotiate\ue000 with\ue000 a\ue000 business\ue000 entity\ue000 for\ue000 the\ue000 merger\ue000 of\ue000 that\ue000 target\ue000 company\ue000 into\ue000 the\ue000 Company.\ue000 In certain\ue000 instances,\ue000 a\ue000 target\ue000 company\ue000 may\ue000 wish\ue000 to\ue000 become\ue000 a\ue000 subsidiary\ue000 of\ue000 the\ue000 Company\ue000 or\ue000 may\ue000 wish\ue000 to\ue000 contribute\ue000 assets\ue000 to\ue000 the\ue000 Company\ue000 rather than\ue000 merge.\ue000 No\ue000 assurances\ue000 can\ue000 be\ue000 given\ue000 that\ue000 the\ue000 Company\ue000 will\ue000 be\ue000 successful\ue000 in\ue000 locating\ue000 or\ue000 negotiating\ue000 with\ue000 any\ue000 target\ue000 company.\ue000 The Company\ue000 will\ue000 provide\ue000 a\ue000 method\ue000 for\ue000 a\ue000 foreign\ue000 or\ue000 domestic\ue000 private\ue000 company\ue000 to\ue000 become\ue000 a\ue000 reporting\ue000 (\u201cpublic\u201d)\ue000 company\ue000 whose\ue000 securities\ue000 are qualified\ue000 for\ue000 trading\ue000 in\ue000 the\ue000 United\ue000 States\ue000 secondary\ue000 market.

The\ue000 selection\ue000 of\ue000 a\ue000 business\ue000 opportunity\ue000 in\ue000 which\ue000 to\ue000 participate\ue000 is\ue000 complex\ue000 and\ue000 extremely\ue000 risky\ue000 and\ue000 will\ue000 be\ue000 made\ue000 by\ue000 management\ue000 in the\ue000 exercise\ue000 of\ue000 its\ue000 business\ue000 judgment.\ue000 \ue000 There\ue000 is\ue000 no\ue000 assurance\ue000 that\ue000 we\ue000 will\ue000 be\ue000 able\ue000 to\ue000 identify\ue000 and\ue000 acquire\ue000 any\ue000 business\ue000 opportunity\ue000 which\ue000 will ultimately\ue000 prove\ue000 to\ue000 be\ue000 beneficial\ue000 to\ue000 our\ue000 company\ue000 and\ue000 shareholders.

Because\ue000 we\ue000 have\ue000 no\ue000 specific\ue000 business\ue000 plan\ue000 or\ue000 expertise,\ue000 our\ue000 activities\ue000 are\ue000 subject\ue000 to\ue000 several\ue000 significant\ue000 risks.\ue000 \ue000 In\ue000 particular,\ue000 any business\ue000 acquisition\ue000 or\ue000 participation\ue000 we\ue000 pursue\ue000 will\ue000 likely\ue000 be\ue000 based\ue000 on\ue000 the\ue000 decision\ue000 of\ue000 management\ue000 without\ue000 the\ue000 consent,\ue000 vote,\ue000 or\ue000 approval\ue000 of our\ue000 shareholders.

Sources\ue000 of\ue000 Opportunities
We\ue000 anticipate\ue000 that\ue000 business\ue000 opportunities\ue000 may\ue000 arise\ue000 from\ue000 various\ue000 sources,\ue000 including\ue000 officers\ue000 and\ue000 directors,\ue000 professional\ue000 advisers,
securities\ue000 broker-dealers,\ue000 venture\ue000 capitalists,\ue000 members\ue000 of\ue000 the\ue000 financial\ue000 community,\ue000 and\ue000 others\ue000 who\ue000 may\ue000 present\ue000 unsolicited\ue000 proposals.

We\ue000 will\ue000 seek\ue000 potential\ue000 business\ue000 opportunities\ue000 from\ue000 all\ue000 known\ue000 sources,\ue000 but\ue000 will\ue000 rely\ue000 principally\ue000 on\ue000 the\ue000 personal\ue000 contacts\ue000 of\ue000 our officers\ue000 and\ue000 directors\ue000 as\ue000 well\ue000 as\ue000 indirect\ue000 associations\ue000 between\ue000 them\ue000 and\ue000 other\ue000 business\ue000 and\ue000 professional\ue000 people.\ue000 \ue000 Although\ue000 we\ue000 do\ue000 not anticipate\ue000 engaging\ue000 professional\ue000 firms\ue000 specializing\ue000 in\ue000 business\ue000 acquisitions\ue000 or\ue000 reorganizations,\ue000 we\ue000 may\ue000 retain\ue000 such\ue000 firms\ue000 if\ue000 management\ue000 deems it\ue000 in\ue000 our\ue000 best\ue000 interests.\ue000 \ue000 In\ue000 some\ue000 instances,\ue000 we\ue000 may\ue000 publish\ue000 notices\ue000 or\ue000 advertisements\ue000 seeking\ue000 a\ue000 potential\ue000 business\ue000 opportunity\ue000 in\ue000 financial\ue000 or trade\ue000 publications.

Criteria

We\ue000 will\ue000 not\ue000 restrict\ue000 our\ue000 search\ue000 to\ue000 any\ue000 particular\ue000 business,\ue000 industry\ue000 or\ue000 geographical\ue000 location.\ue000 \ue000 We\ue000 may\ue000 acquire\ue000 a\ue000 business opportunity\ue000 in\ue000 any\ue000 stage\ue000 of\ue000 development.\ue000 \ue000 This\ue000 includes\ue000 opportunities\ue000 involving\ue000 \u201cstart\ue000 up\u201d\ue000 or\ue000 new\ue000 companies.\ue000 \ue000 In\ue000 seeking\ue000 a\ue000 business venture,\ue000 management\ue000 will\ue000 base\ue000 their\ue000 decisions\ue000 on\ue000 the\ue000 business\ue000 objective\ue000 of\ue000 seeking\ue000 long-term\ue000 capital\ue000 appreciation\ue000 in\ue000 the\ue000 real\ue000 value\ue000 of\ue000 our company.\ue000 \ue000 We\ue000 will\ue000 not\ue000 be\ue000 controlled\ue000 by\ue000 an\ue000 attempt\ue000 to\ue000 take\ue000 advantage\ue000 of\ue000 an\ue000 anticipated\ue000 or\ue000 perceived\ue000 appeal\ue000 of\ue000 a\ue000 specific\ue000 industry,\ue000 management group,\ue000 or\ue000 product.

In\ue000 analyzing\ue000 prospective\ue000 business\ue000 opportunities,\ue000 management\ue000 will\ue000 consider\ue000 the\ue000 following\ue000 factors:
\u2022
available\ue000 technical,\ue000 financial\ue000 and\ue000 managerial\ue000 resources;
\u2022
working\ue000 capital\ue000 and\ue000 other\ue000 financial\ue000 requirements;
\u2022
the\ue000 history\ue000 of\ue000 operations,\ue000 if\ue000 any;
\u2022
prospects\ue000 for\ue000 the\ue000 future;
\u2022
the\ue000 nature\ue000 of\ue000 present\ue000 and\ue000 expected\ue000 competition;
3
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