Beautifully engraved specimen certificate from the Whoodoo.com Inc.
. This historic document has an
ornate border around it with a vignette of the company's owl logo.
Whoodoo Studios wanted to make the World Wide Web local. The company's Web site was located at http://www.whoodoo.com. They were a Florida-based search engine -- designed to link Internet surfers to businesses, organizations and information found within the state's borders.
They compared the Whoodoo concept to the role local television stations fill. National networks broadcast for the masses while the local affiliates provide information of regional importance. The Florida company's search engine planned to help bring attention to smaller, local businesses that would otherwise be overlooked on search engines such as Yahoo, HotBot, Alta Vista or InfoSeek.
Whoodoo was planning to get revenue from their service through advertising space it sold and commissions it planned to make on sales through its Web site's online shopping mall. Unfortunately, it never panned out.
As of June 30, 2001 the following was filed in their financial statements with the SEC:
For the fiscal year ended June 30, 2001, our auditors in Note 3, of the Financial Statements, have noted that there is substantial doubt about our ability to continue as a going concern. Our existence is dependent upon management funding operations, locating and merging us into a profitable operating company and raising sufficient capital. At this point in time it is impossible to state an amount of additional funding which we believe would remove the going concern opinion, as the Company is inactive.
We do not have any business operations or assets and have no written or oral agreement for the acquisition of a business or asset at this time. We have neither a history of earnings nor have we paid dividends. We are unlikely to realize earnings or pay dividends in the immediate or foreseeable future.
There is no assurance that we will be able to identify acquisitions, which will be profitable. As of the date of this filing, we have not identified any potential business or assets for acquisition. Moreover, should we identify any assets or businesses and determine that an acquisition is warranted, we may not be able to finance the acquisition and additional funds may be required to meet such obligations.
Our prospects for the future, rest with our management team, and their ability to find a profitable business venture which can utilize our "shell" company.
We are proactive in reviewing potential projects that could potentially be a good fit for us. This process does not have a defined time period, other than the process will begin once all of the filings with the Securities and Exchange Commission ("SEC") have been completed.