Atlantica, Inc. is currently seeking potential assets, property or businesses to acquire, in a business combination, by reorganization, merger or acquisition. The company has had no material business operations since March 7, 1997. Its plan of operation for the next 12 months is to consider guidelines of industries in which it may have an interest, adopt a business plan regarding engaging in the business of any selected industry, and to commence operations through funding…
Atlantica, Inc. is currently seeking potential assets, property or businesses to acquire, in a business combination, by reorganization, merger or acquisition. The company has had no material business operations since March 7, 1997. Its plan of operation for the next 12 months is to consider guidelines of industries in which it may have an interest, adopt a business plan regarding engaging in the business of any selected industry, and to commence operations through funding and/or the acquisition or business combination with a going concern engaged in any industry selected. Atlantica, Inc. does not intend to restrict its search for business opportunities to any particular business or industry, and the areas in which it will seek out business opportunities may include all lawful businesses.
Atlantica, Inc. generates no revenue from products or services as it has no current business operations. The company is unable to predict the time as to when and if it may actually participate in any specific business endeavor, and it will be unable to do so until it determines any particular industry in which it may conduct business operations. It is not currently engaged in any substantive business activity except the search for potential assets, property or businesses to acquire, and it has no current plans to engage in any other activity in the foreseeable future unless and until it completes such an acquisition.
The company operates through the following segments:
Atlantica, Inc. faces significant competitive challenges as it competes with thousands of other shell companies seeking to acquire or merge with a business or company. Many of these competitors have substantial current assets and cash reserves, while Atlantica, Inc. has limited assets and no cash reserves. The company acknowledges that it will be at a competitive disadvantage when competing with shell companies that have significant cash resources and recent operating histories, given its lack of substantive operations for many years.
Atlantica, Inc. serves no customers as it has no current business operations. The company anticipates that proposed business ventures will be made available to it through personal contacts of directors, executive officers and principal stockholders, professional advisors, broker dealers in securities, venture capital personnel and others who may present unsolicited proposals.