FORWARD-LOOKING STATEMENTS

This document contains "forward-looking statements". All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including, but not limited to, any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objections of management for future operations; any statements concerning proposed new services or developments; any statements regarding future economic conditions or performance; any statements or belief; and any statements of assumptions underlying any of the foregoing.

Forward-looking statements may include the words "may," "could," "estimate," "intend," "continue," "believe," "expect" or "anticipate" or other similar words. These forward-looking statements present our estimates and assumptions only as of the date of this report. Except for our ongoing securities laws, we do not intend, and undertake no obligation, to update any forward-looking statement.

Although we believe that the expectations reflected in any of our forward- looking statements are reasonable, actual results could differ materially from those projected or assumed in any or our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties. The factors impacting these risks and uncertainties include, but are not limited to:





  · Our results are vulnerable to economic conditions;




  · Our ability to raise adequate working capital;




  · Loss of customers or sales weakness;




  · Inability to achieve sales levels or other operating results;




  · The unavailability of funds for expansion purposes;




  · Operational inefficiencies;




  · Increased competitive pressures from existing competitors and new entrants.




Trends and Uncertainties

Our business is subject to the following trends and uncertainties:





    ·   Whether our system will be adaptable to the company's needs and the
        country in which they are located




    ·   Whether we will develop interest in our software system in the countries
        that we plan on conducting our business




  · The level of activity of credit facilities and their need for our software

Termination of Planned US Operations

As of December /2021 we discontinued our plan to pursue US operations for the following reasons: (a) increased state regulation and related increased transaction costs, which will lead to difficulties in conforming to various state regulations and increased costs; (b) pending and potential legislation that would significantly impede our ability to operate successfully in the U.S.; and (c) the negative impact of Covid-19 upon our business and upon the US economy.

We plan to expand our business by growing organically our South Africa operations and potentially expand our business into other Africa countries.



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Results of Operations: For the 3 months ended November 30, 2021 and November 30, 2020





Revenues

Our revenues for the 3-month period ended November 30, 2021 and November 30, 2020 were $388,118 and $289,662, respectively, reflecting increased revenues of $98,456. The $98,456 of increased revenues is primarily attributable to the successful implementation of a new transaction type, DebiCheck, in South Africa resulting in growth in our South Africa transactional revenues.

DebiCheck is a new debit order transaction type built into our Loan Management Software and is our new revenue stream that assists consumers to make payments to lenders more effectively. DebiCheck was introduced by the Reserve Bank of South Africa and was brought in as a complete and compulsory replacement for the previous transaction types in the industry, namely AEDO and NAEDO, that we used before. We have a markup on the transaction fees of DebiCheck that we offer to clients and charge these fees per transaction processed.





Net Loss/Profit

We had a net profit of $16,820 and a net loss of $19,171 for the 3-months ended November 30, 2021 and November 30, 2020 , respectively, reflecting a decreased net loss of $35,991, which is primarily attributable to the growth of our South Africa business operations.





Expenses

We incurred total expenses of $251,049 and $235,059, respectively, for the 3-month period ended November 30, 2021 and 2020, reflecting increased expenses of $15,990, which is primarily attributable to an increase in general operational expenses due to growth in our South Africa operations..

Results of Operations: For the 9 months ended November 30, 2021 and November 30, 2020





Revenues

Our revenues for the 9-month period ended November 30, 2021 and 2020 were $1,081,624 and $733,640, respectively, reflecting increased revenues of $347,984. The $347,984 of increased revenues is primarily attributable to an increase in revenue in our South Africa operations due the successful implementation of DebiCheck.



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Net Loss/Profit

We had a net loss of $314,381 and a net loss of $133,368 for the 9-months ended November 30, 2021 and 2020, respectively, reflecting an increased net loss of $181,013, which is primarily attributable to an increase in general operational expenses in our US operations.





Expenses

We incurred total expenses of $1,023,303 and $660,792, respectively, for the 9-month period ended November 30, 2021 and 2020, reflecting increased total expenses of $362,511, which is primarily attributable to an increase in general operational expenses in our US operations.

Liquidity and Capital Resources

We had working capital of $1,148 on November 30, 2021 and working capital of $8,172 at our fiscal year end of February 28, 2021, representing decreased working capital of $7,024.

Our net cash provided by operating activities was $189,927 and $2,586 for the 9 months ended November 30, 2021 and 2020 reflecting increased net cash provided by operating activities of $187,341.

Our net cash used in investing activities were $(3,383) and $(23,420) respectively, for the 9 months ended November 30, 2021 and 2020, reflecting decreased net cash used in investing activities of $20,037.

Our net cash provided by financing activities was $88,668 and $94,244 for the 9-month period ended November 30, 2021 and 2020, respectively, reflecting decreased net cash provided by financing activities of $5,576.

Off-Balance sheet arrangements

None.

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