Risks Specific to WhiteClouds
1. While the Company believes in good faith that its business plans have a reasonable chance of success, the operation of the Company are ultimately speculative and involve the possibility of a total loss of investment, due to any number of considerations. Investment is suitable only for individuals who are financially able to withstand total loss of their investment.
2. We have a limited operating history upon which you can evaluate our performance, and accordingly, our prospects must be considered in light of the risks that any new company encounters.
3. We may face potential difficulties in obtaining capital.
4. Our management team has limited experience in the 3D Printing industry and has not managed a business with similar risks and challenges specific to our business.
5. In order for the Company to compete and grow, it must attract, recruit, retain and develop the necessary personnel who have the needed experience.
6. Quality management plays an essential role in determining and meeting customer requirements, preventing defects, improving the Company’s products and services and maintaining the integrity of the data that supports the safety and efficacy of our products.
7. Manufacturing or design defects, unanticipated use of our products, or inadequate disclosure of risks relating to the use of the products can lead to injury or other adverse events.
Through our operations, we collect and store certain personal information that our customers provide to purchase products or services, register on our web site, or
otherwise communicate and interact with us.
9. The Company’s success depends on the experience and skill of its executive officers and key employees.
10. We rely on various intellectual property rights, including patents in order to operate our business.
11. From time to time, third parties may claim that one or more of our products or services infringe their intellectual property rights.
12. Although dependent on certain key personnel, the Company does not have any key man life insurance policies on any such people.
We are not subject to Sarbanes-Oxley regulations and lack the financial controls and safeguards required of public companies.
14. Changes in employment laws or regulation could harm our performance.
15. The Company could be negatively impacted if found to have infringed on intellectual property rights.
16. We rely heavily on our technology and intellectual property, but we may be unable to adequately or cost-effectively protect or enforce our intellectual property rights, thereby weakening our competitive position and increasing operating costs.
17. We rely on agreements with third parties to provide certain services, goods, technology, and intellectual property rights necessary to enable us to implement some of our applications, products, and services.
18. If we fail to maintain or expand our relationships with our suppliers and manufacturers, we may not have adequate access to new or key technology necessary for our products, which may impair our ability to deliver leading-edge products and services.
19. We must acquire or develop new products, evolve existing ones, address any defects or errors, and adapt to technology change.
20. Our failure to deliver high quality 3D Prints could damage our reputation and diminish demand for our products.
21. Cyclical and seasonal fluctuations in the economy, in internet usage and in traditional retail shopping may have an effect on our business.
22. As 3D Printing technology changes, we may need to invest in additional technologies which may have an effect on our business.
23. Industry consolidation may result in increased competition, which could result in a loss of customers or a reduction in revenue.
24. Our business could be negatively impacted by cyber security threats, attacks and other disruptions.
25. If we do not respond to technological changes or upgrade our technology systems, our growth prospects and results of operations could be adversely affected.
26. We currently obtain consumables and certain equipment parts from single or limited sources, and are subject to significant supply and pricing risks.
27. The Company will depend on the performance of distributors, retailers and other resellers.
28. At some future date, we may be subject to healthcare PHI data and HIPAA requirements that may require additional investment, expertise, consulting expense, employee hires that may have additional risks and challenges specific to our business.
29. The company intends to use a significant portion of the proceeds from the offering for unspecified working capital. The offering proceeds will be used by the Company in the ways management deems most effective towards the Company’s goals. This means that although we definitely have plans for the proceeds (focused on sales, marketing, and product development) the Company will have ultimate discretion to use the proceeds as it sees fit and the Company has chosen not to limit the Company’s use of the funds to specific uses that investors could evaluate. Such portion of the proceeds from this offering will be used for the purpose that the company’s management deems to be in its best interest in order to address changed circumstances or opportunities. As a result of the foregoing, the Company’s success will be substantially dependent upon its discretion and judgement with respect to application and allocation of such portion of the proceeds of this Offering. The company may choose to use the proceeds in the manner that the investors do not agree with and investor may have no recourse. A use of proceeds that does not further the Company’s business and goals could harm the Company and its operations, and ultimately cause an investor to lose all or portion of his or her investment.
30. The market for technology companies is not predictable. While we may be able to sell the company for its technology, client relationships, team or other factors, there is no guarantee that it can be sold, nor that it will become profitable, nor that it will reach an Initial Public Offering (IPO). Even if those do occur, there is no guarantee that investor returns will be positive.
31. The Company’s securities may not be marketable.
We may be subject to future governmental regulations. Aspects of our business and our products may be regulated at the local, state, and federal levels. Our products may be subject to state, local and Federal environmental laws and regulations, including those relating to the handling and storage of hazardous materials. We and our products may also be subject to significant governmental regulation relating to labor conditions, safety in the workplace, healthcare and other human resource issues. The nature and scope of future legislation, regulations and programs cannot be predicted. While we anticipate that we and our products will be in compliance with all applicable governmental regulations, there still may be risks that such laws
and regulations may change with respect to present or future operations. Such
additional costs would increase the cost of investments and operations and
decrease the demand for products and services. We and our products will be
ultimately responsible for compliance with such regulations and for obtaining
and maintaining all required permits and licenses. Such compliance may be time
consuming and costly, and such expenses may materially affect our future
ability to break even or generate profits.
33. We do not plan to pay dividends to its shareholders in the near future and there is no guarantee it will ever receive any profit from its operations so as to be able to declare and pay dividends to its shareholders.
We may experience substantial competition in the future from companies
that have more financial capabilities and resources.
35. We may not have sufficient product liability insurance to cover potential damages.