The accompanying consolidated financial statements
are prepared assuming that the Company will continue as a going concern and contemplates the realization of assets and satisfaction
of liabilities in the ordinary course of business.
The Company intends to commercially exploit
the SkyView Technology by owning and operating SkyViews through direct and indirect subsidiaries for its own account and selling,
licensing, operating and maintaining SkyViews through direct and indirect subsidiaries for the account of third parties. The
SkyView Technology and the SkyViews remains under development. No prototype has been built, nor have any SkyViews been
sold or sublicensed. Development and commercialization of the SkyView Technology and the SkyViews will require significant
capital and financing. There is no assurance that the Company will either obtain the necessary capital and financing to develop
and commercialize the SkyView Technology and the SkyViews or, even if such capital and financing is obtained, it will be able to
successfully develop and commercialize the SkyView Technology and the SkyViews.
The Company has received an opinion from its
auditor expressing substantial doubt as to its ability to continue as a going concern. Investors are encouraged to read the information
set forth herein and in the Companys Annual Report on Form 10-K for the fiscal year ended December 31, 2010 in order to
better understand the financial condition of, and risks of investing in, the Company.