ABCO's business
objective is to provide a corporate vehicle for acquiring certain developing
and operational companies that in the opinion of management hold potential
for profit to the Company's shareholders. The Company intends to aggressively
pursue, identify and evaluate business acquisition opportunities in
various technology related fields. Unless otherwise advisable, the Company's
strategy is to acquire each target as a wholly owned subsidiary, with
ABCO remaining a holding company of each enterprise.
Management, with
the assistance of certain professional advisers, carefully reviews identified
acquisition targets. The Company's investigation and analysis of each
proposed acquisition encompasses all aspects of the target's business.
The Company's management and consultant team is comprised of professionals
in all of the major business disciplines, including legal, accounting,
finance, business valuation, human resources, marketing and sales. If
the Company determines that a target meets the Company's acquisition
criteria, efforts to negotiate favorable terms of acquisition will proceed.
The Company believes
that opportunities to acquire certain companies exist due to industry
changes, market pressures, and the uncertainty of government regulation
and the investment community. Management has recognized over the past
years, and is of the opinion that, as the pace of business and technology
grows, many promising companies will experience significant capital
and management challenges that will exceed their internal resources
and capabilities. The Company believes that it has the ability to manage
and develop strategic plans for such business acquisition opportunities,
which are expected to enhance the market potential and profitability
of each business. The Company also believes its acquisitions and turnaround
management abilities will create selective opportunities for acquiring
potentially profitable companies without extensive capital investment.
The Company's ability
to provide strategic planning and management in the area of effective
growth strategies, margin maximization, overhead expense control, development
of systems, economies of scale, and effective management of utilization
will enable it to develop long term, mutually beneficial relationships
with its acquired business partners. The Company believes it can significantly
enhance the ability of the target businesses to compete successfully
in a fast changing, highly competitive business environment.