SDA/90Minutes websites are down

AndyMead · Jun 1, 2003

www.90soccer.com
www.soccerdev.com

are both down - anyone know what's going on. These are generic "under construction" pages. Not exactly confidence building if I'm looking for information.

I was able to find an old version of the homepage at: http://www.soccerdev.com/soccerdev/ but it's from last July.

Anybody know what's going on?

FootyMundo · Jun 2, 2003

It might be $$$$ Just speculation.

PZ · Jun 2, 2003

They seem fine.

BenchRobSmith · Jun 3, 2003

This is from SDA's latest filing with the SEC:

"As of December 31, 2002, the Company had negative working capital of $2,361,067 which included a bank overdraft of $3,197. Since inception, the Company has recorded an accumulated deficit of $8,655,023. Following the cessation of the soccer operations, the Company was inactive during most of calendar 2001. In November 2001, management resumed operations under a new operating strategy and began doing business as Soccer Development of America. In 2002, the Company commenced development of a monthly soccer publication, "90:00 Minutes," which earns revenues through advertising, subscriptions and newsstand sales. The Company published the premier issue of "90:00 Minutes" in July 2002 and the first monthly issue followed in September 2002. During fiscal 2002, the Company incurred a net loss of $1,559,122, which resulted in negative cash flow from operations of $411,136. As a result, there is substantial doubt about the Company's ability to continue as a going concern. There is no assurance that advertising revenues, subscriptions and newsstand sales will provide adequate working capital to fund ongoing operations and meet current obligations. Further, the magazine and publishing industry is highly competitive. So, while direct competition from soccer-related publications is limited, there remains intense competition for limited advertising dollars. In the event the Company is unable to attract adequate advertisers and/or sell enough magazines to cover the costs of operations, there is substantial doubt about the Company's ability to continue as a going concern. The Company does not anticipate any cash expenditures for capital equipment or material contracts over the next twelve months.
Click to expand...

Uh-oh.

The entire filing's available at http://www.pinksheets.com/quote/pri...txt&filepath=%5C2003%5C05%5C27%5C&symbol=SDSD

Lanky134 · Jun 4, 2003

90soccer is up and running.