The Company’s Corporate Business or Business Profile
The Company, currently, does not have any business operations and is not offering any product or service. However, its subsidiary, FOPM, is engaged in property management of residential and office buildings and private estates. FOPM is expected to continue to expand its current operations by adding new properties to its portfolio which will add to its revenue. It is also looking at other business segments that may complement its existing services but has not yet decided on a specific business or service.
Thus, the Company is not prepared at this time to identify and describe what business it proposes to do and what products, goods or services will be produced or rendered; its principal products or services and their markets with the relative contribution to sales or revenues of each product or services or group of related products or services; percentage of sales or revenue and net income contributed by foreign sales; distribution methods of products or services; competition; sources and availability of raw materials and the names of principal suppliers; and the Company’s dependency on its customers.
FOPM is engaged in property management, which provides vital real estate management services for several residential and office condominium buildings and private estates in Metro Manila. These services include basic administrative, housekeeping and security services and special services such as facilities and equipment management, audit and technical support services, finance and account management, and procurement services. FOPM’s revenue is primarily generated from management fees it charges in connection with its property management services.
FOPM is very competitive and determined to perform as the best by assigning dedicated teams to manage over properties/buildings. On-site Property Head, Building Engineer and Accounting Officer/s are assigned to look after each individual property. A pool of experienced professionals – architects, engineers, accountants and other personnel with varying expertise – provides back-up support and services for its individual clients and customer.
CityLink is engaged in overland transport, carriage, moving or haulage of passengers, fares, customers and commuters as well as freight, cargo, articles, items, parcels, commodities, goods or merchandise by means of coaches, buses, coasters, jeeps, cars and other similar means of transport.
The Company or FOPM is not dependent upon a single or a few customers. No single customer accounts for 20% or more of FOPM’s sales.
In normal course of business, the Company entered into transactions with related parties, consisting mainly of advances from related parties for working capital purposes and for the settlement of certain liabilities.
The Company does not hold any patent, trademark, copyright, license, franchise, concession or royalty agreement upon which their operations are dependent.