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 needs of enterprises located
        in other countries




    ?   Whether we will develop interest in our software system in enterprises of
        located in other countries




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


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The Covid-19 Pandemic has and continues to have a material impact upon our business and results of operations, as follows:



                             COVID-19 RELATED RISKS

The outbreak of the coronavirus may negatively impact sourcing and manufacturing of our products that we sell as well as consumer spending, which could adversely affect our business, results of operations and financial condition.

In December 2019, a novel strain of coronavirus was reported to have surfaced in Wuhan, China, which has and is continuing to spread throughout China and other parts of the world, including the United States. On January 30, 2020, the World Health Organization declared the outbreak of the coronavirus disease (COVID-19) a "Public Health Emergency of International Concern." On January 31, 2020, U.S. Health and Human Services Secretary Alex M. Azar II declared a public health emergency for the United States to aid the U.S. healthcare community in responding to COVID-19, and on March 11, 2020 the World Health Organization characterized the outbreak as a "pandemic". The significant outbreak of COVID-19 has resulted in a widespread health crisis that could adversely affect the economies and financial markets worldwide, and could adversely affect our business, results of operations and financial condition.

The outbreak of the COVID-19 may adversely affect our supply chain.

The worldwide outbreak of corona virus could adversely affect our business, results of operations and financial condition. The coronavirus outbreak may materially impact sourcing and manufacturing of our products in other countries and materials for our products that are sourced in other countries by overseas manufacturers and in other affected regions. Travel within and into other overseas countries may be restricted, which may impact our manufacturers' ability to obtain necessary materials and inhibit travel of manufacturers and material suppliers. Additionally, there are potential factory closures, inability to obtain materials, disruptions in the supply chain and potential disruption of transportation of goods produced other countries adversely impacted by the coronavirus outbreak, or threat or perceived threat of such outbreak. As a result, these conditions could adversely affect our business, results of operations and financial condition.

The outbreak of the COVID-19 may adversely affect our customers.

Further, such risks as described above could also adversely affect our customers' financial condition, resulting in reduced consumer spending for our products and services we sell. Risks related to an epidemic, pandemic, or other health crisis, such as COVID-19, could also lead to the complete or partial closure of one or more of our facilities or operations of our sourcing partners. The ultimate extent of the impact of any epidemic, pandemic or other health crisis on our business, financial condition and results of operations will depend on future developments, which are highly uncertain and cannot be predicted, including new information that may emerge concerning the severity of such epidemic, pandemic or other health crisis and actions taken to contain or prevent their further spread, among others. These and other potential impacts of an epidemic, pandemic, or other health crisis, such as COVID-19, could therefore materially and adversely affect our business, financial condition, and results of operations.

Results of Operations: For the 3 months ended November 30, 2022 and November 30, 2021





Revenues

Our revenues for the 3-month period ended November 30, 2022 and 2021 were $325,345 and $388,118, respectively, reflecting decreased revenues of $62,773. The $62,773 of decreased revenues is primarily attributable to the difference in the exchange rate between Dollar and Rand between the two years.





Net Loss/Profit

We had a net profit of $1,092 and $16,820 for the 3-months ended November 30, 2022 and 2021, respectively, reflecting an decreased net profit of $15,728, which is primarily attributable to the decrease in revenues.



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Expenses

We incurred total expenses of $170,923 and $251,049, respectively, for the 3-month period ended November 30, 2022 and 2021, reflecting decreased expenses of $80,126, which is primarily attributable to a decrease in general administrative expenses.

Results of Operations: For the 9 months ended November 30, 2022 and November 30, 2021





Revenues

Our revenues for the 9-month period ended November 30, 2022 and 2021 were $1,021,969 and $1,081,624, respectively, reflecting decreased revenues of $59,655. The $59,655 of decreased revenues is primarily attributable to the difference in the exchange rate between Dollar and Rand between the two years.





Net Loss/Profit

We had a net loss of $73,173 and $314,381 for the 9-months ended November 30, 2022 and 2021, respectively, reflecting an decreased net loss of $241,208, which is primarily attributable to a decrease in expenses.





Expenses

We incurred total expenses of $654,949 and $1,023,303, respectively, for the 9-month period ended November 30, 2022 and 2021, reflecting decreased total expenses of $368,354, which is primarily attributable to a decrease in general administrative expenses.

Liquidity and Capital Resources

We had a working capital deficit of $344,916 on November 30, 2022 and a working capital deficit of $244,094 at our fiscal year end of February 28, 2022, representing increased working capital deficit of $100,822.

Our net cash used by operating activities was $(540,275) for the 9 months ended November 30, 2022 compared to cash provided by operating activities of $189,927 for the 9 months ended November 30, 2021, reflecting increased net cash used by operating activities of $730,202.

Our net cash used in investing activities were $(4,253) and $(3,383) respectively, for the 9 months ended November 30, 2022 and 2021, reflecting increased net cash used in investing activities of $870.

Our net cash provided by financing activities was $31,177 and $88,668 for the 9-month period ended November 30, 2022 and 2021, respectively, reflecting decreased net cash provided by financing activities of $57,491.

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