BITMIS CORP. FORWARD LOOKING STATEMENT NOTICE
The following discussion of our financial condition and results of operations
should be read in conjunction with our financial statements and the related
notes, and other financial information included in this Form 10-Q and our
financial statements and notes thereto included in our annual report on Form
10-K for the fiscal year ended
Our Management's Discussion and Analysis contains not only statements that are
historical facts, but also statements that are forward-looking. Words such as
"anticipates," "expects," "intends," "plans," "predicts," "potential,"
"believes," "seeks," "hopes," "estimates," "should," "may," "will," "with a view
to" and variations of these words or similar expressions are intended to
identify forward-looking statements. These statements are not guarantees of
future performance and are subject to risks, uncertainties and assumptions that
are difficult to predict. Forward-looking statements are, by their very nature,
uncertain and risky. These risks and uncertainties include international,
national, and local general economic and market conditions; our ability to
sustain, manage, or forecast growth; our ability to successfully make and
integrate acquisitions; new product development and introduction; existing
government regulations and changes in, or the failure to comply with, government
regulations; adverse publicity; competition; the loss of significant customers
or suppliers; fluctuations and difficulty in forecasting operating results;
change in business strategy or development plans; business disruptions; the
ability to attract and retain qualified personnel; the ability to protect
technology; the risk of foreign currency exchange rates; and other risks that
might be detailed from time to time in our filings with the
Although the forward-looking statements in this Report reflect the good faith judgment of our management, such statements can only be based on facts and factors currently known by them. Consequently, and because forward-looking statements are inherently subject to risks and uncertainties, the actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. You are urged to carefully review and consider the various disclosures made by us in this report as we attempt to advise interested parties of the risks and factors that may affect our business, financial condition, and results of operations and prospects.
Financial information contained in this quarterly report and in our unaudited
interim financial statements is stated in
DESCRIPTION OF BUSINESS
Currently, the Company is exploring opportunities of integrating the traditional
and new industries in
Our principal office address is located at
We are exploring business opportunities in the following areas in
Sandstone Resources
With
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Biotechnology pharmaceutical industry
Considering current events and development in the health care area in the world, the Company believes there is an increasing demand in the biotech pharmaceutical industry and is looking to invest and explore various scientific research and technology in the relevant areas. We are looking at prospects that have leading scientific research technology and products with good efficacy and from food or herb extractions without synthetic chemical ingredients.
Catering Chain
Our management team has extensive experience in the catering industry and plan to bring innovative and stylish business and management model into catering business to set sail new shops and introduce multiple brands, multiple product types with a multi-pronged approach.
In
The Company's business and results of operations have been adversely affected
and could continue to be adversely affected by the COVID-19 pandemic.
Quarantines, travel restrictions, shelter-in-place and other restrictions
related to COVID-19 have impacted the Company's abilities to visit and meet
clients in
The global economy has also been materially negatively affected by COVID-19 and
there is continued severe uncertainty about the duration and intensity of its
impacts. The Chinese and global growth forecast is extremely uncertain, which
could seriously affect people's investment desires in
Employees Identification of Certain Significant Employees
We are a start-up company and currently have four employees - our president, CEO, CFO and treasurer, secretary. We intend to hire employees on an as needed basis.
Offices
Our principal business office is located at
RESULTS OF OPERATION
Results of Operations for the three months ended
Revenue and cost of goods sold
For the three and nine months ended
Operating expenses
Total operating expenses for the three months ended
Net Income/Loss
The net loss for the three months ended
Liquidity and capital resources
As at
CASH FLOWS FROM OPERATING ACTIVITIES
For the nine months ended
CASH FLOWS FROM INVESTING ACTIVITIES
For the nine months ended
CASH FLOWS FROM FINANCING ACTIVITIES
For the nine months ended
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OFF-BALANCE SHEET ARRANGEMENTS
We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.
LIMITED OPERATING HISTORY; NEED FOR ADDITIONAL CAPITAL
There is no historical financial information about us upon which to base an evaluation of our performance. Our business is subject to risks inherent in the establishment of a new business enterprise, including limited capital resources and possible cost overruns due to price and cost increases in services and products.
We have no assurance that future financing will be available to us on acceptable terms. If financing is not available on satisfactory terms, we may be unable to continue, develop or expand our operations. Equity financing could result in additional dilution to existing shareholders.
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