Bari Italy Wyndham Hotel

A, a Florida-based company founded in 2010, focused on developing the world's first and only luxury upscale hotel, the Italian Wyndham in Bari.

In May 2017, we signed a national franchise license that allows us to sell our franchise to licensees in New York, Virginia and Maryland, which we hope to receive in the future if there is sufficient demand. We believe we can open at least two more restaurants for about $300,000 each, and we can use the money we receive under the development agreement to open additional locations and franchise marketing. In the event that additional capital (which we have not been assured) can be raised, it is intended that we will own and operate 10 restaurants and use them as a showcase for marketing and planned franchise activities.

Looking ahead, we can be confident that we will remain open and achieve historic sales in the near future. We cannot assure you that additional funds will be available, nor can we guarantee that they will be.

Covid 19 has significantly disrupted global financial markets and affected our ability to raise additional capital. Many states and countries have taken policy measures to stop or slow the spread of the disease. The pandemic had a negative impact on the global economy and caused disruption and volatility in global financial markets. Our inability to obtain additional funding may have a significant impact on our financial position and the financial stability of our business.

However, at the time of this report there is no agreement to open additional in-house restaurants. We estimate that approximately $1,000 will be needed to fully implement our business development plan, which includes opening new facilities for businesses and franchises, and developing and improving the marketing of our franchise concept. At present, we believe that our operations will continue as planned if we receive additional funding in connection with the development agreement described above. However, there can be no guarantee that we will expand our activities accordingly. The only restrictions currently imposed on the company are the recommended distance between employees and employees wearing masks and the use of masks by employees.

If the company cannot obtain sufficient capital due to the continued distribution of Covid 19, it will be obliged to reduce the size, delay or cancel some or all of the planned activities. We have talked to potential investors and investment bankers about the possibility of additional financing, although we have no indication that we will receive any financing at all in the form of debt or equity on favourable terms. If we can be sure that no financing (debt, equity, etc.) has been provided on unfavourable terms or at a favourable time AtAll , then we may have to further reduce or delay and / or eliminate our operations. If the Company is unable to raise sufficient capital due to the continued spread of Covids 19, our Company will be required to reduce or delay its business plans, further reduce our size or cancel our plans.

Forward-looking statements are statements that are not based on historical information and relate to future events, expectations, plans, projections, objectives, goals or expectations of future performance and are necessarily based on estimates and assumptions that are subject to a number of risks and uncertainties, many of which are beyond our control and which may change with respect to our future business decisions. These uncertainties and contingencies may affect our actual results and could cause them to differ materially from those expressed in or on behalf of the Company or on behalf of us in these forward-looking statements, including statements regarding our future results.

There are various accounting standards and interpretations that have been recently published that we do not expect to have a material impact on our financial results or financial performance. The preparation of financial statements requires us to make estimates and judgments influenced by a number of factors, many of which are beyond the control of Wyndham Hotel Bari Italy.

As a result, the full impact of the pandemic is highly uncertain and evolving and subject to change, and management is actively monitoring the situation. There are no comparable events that could provide a full picture of all the effects of the Covid 19 pandemic on the financial performance of the Wyndham Hotel Bari in Italy. Given the daily development of the Covids- 19 outbreak, we are unable to estimate the long-term impact on the company's business or the markets we serve. Our financial statements for the year ended December 31, 2019 include an explanatory paragraph stating that our financial position has not changed and will continue to change as a result of the outcome of this event.

For the six months ended June 30, 2019, net cash provided by operating activities was $114,458, compared to $4,299 in cash used for investing activities in the prior two years. For the seven months ended December 31, 2018, net cash used for capital expenditures in our six-month period ended July 1, 2017 was $2,843,000, or $1.5 million, compared to $5,921,500 in the same period in 2016 and $3,567,400 for the full year of 2015. Cash used in investing activities during the three months from June 1 to June 31, 2019 averaged approximately $6,200 per month, compared to $7,300 for each of our two-year operating periods, while cash used was significantly lower compared to the total amount of net cash used for investing activity during our four-week period from July 2 to July 30, 2018 and for our three-day period for all six months of 2017 and the first three weeks of 2016. For the nine months ended fiscal 2019 and all six years of operations, our net cash provided by operating activities was $115,743 for six weeks in 2019 (compared to $117,250 in 2015), $8,073 for three days in 2018 (compared to the prior year), and net cash provided by operating activities for four days in each week from January to March 2019 was approximately $9,100.

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