RISK FACTORS

An investment in our common stock involves a high degree of risk.
You should carefully consider the risks described below and the
other information in this Form 10-QSB and any other filings we may
make with the United States Securities and Exchange Commission in
the future before investing in our common stock. If any of the
following risks occur, or if others occur, our business, operating
results and financial condition could be seriously harmed. The
trading price of our common stock could decline due to any of these
risks, and you may lose all or part of your investment.

If We Are Not Successful in Earning Revenues or If Our Development
and Marketing Costs Are Greater Than Anticipated, We Will Require
Additional Financing Which May Not Be Available To Us
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We had cash in the amount of $31,388 as of June 30, 2001.  Our
business plan calls for significant expenses in connection with the
development and marketing of our web site.  In addition, we
anticipate that revenues from operations will not be realized until
sometime after the development of our web site is complete.  While
we have sufficient cash to complete our business plan over the next
twelve months, we may require additional financing in order to
complete development and marketing of our business if the costs of
the development and marketing of our web site are greater than
anticipated.  In addition, we may require additional financing to
sustain our business operations if we are not successful in earning
revenues once development and marketing of our web site is
complete.  We do not currently have any arrangements for financing
and we can provide no assurance to investors that we will be able
to find such financing if required.  Obtaining additional financing
would be subject to a number of factors, including market
conditions, investor acceptance of our business plan, and investor
sentiment.  These factors may make the timing, amount, terms or
conditions of additional financing unavailable to us.

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Because We Have Only Recently Commenced Business Operations, We
Face A High Risk of Business Failure
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We were incorporated in August 1999. We acquired our domain name
for our web site in October 1999.  We are presently in the process
of starting development of our web site.  We have not yet earned
any revenues.  Accordingly, we have no operating history for
investors to evaluate our business. An investor should consider
the risks, expenses and uncertainties that an early stage
company like ours faces. These risks include our ability to:

    (1)  develop a functioning and marketable web site focused on United
         States immigration information;
    (2)  attract users to our web site once development is complete;
    (3)  successfully market our web site to advertisers once development
         is complete;
    (4)  respond effectively to competitive pressures;
    (5)  continue to develop and upgrade our web site once development
         is complete.

If we are unsuccessful in addressing these risks, our business will
most likely fail.
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Because We Have Only Recently Commenced Business Operations, We
Expect to Incur Operating Losses For The Foreseeable Future

We have never been profitable. As of June 30, 2001, we had an
accumulated deficit of approximately $44,209. Prior to completion
of our web site, we anticipate that we will incur increased
operating expenses without realizing any revenues.  We therefore
expect to incur significant losses into the foreseeable future and
recognize that if we are unable to generate significant revenues
from the sale of advertising on our web site, we will not be able
to achieve profitability or continue operations.

If The Internet Is Not Widely Accepted As A Medium For Advertising
And Commerce, Our Business May Fail
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We expect to derive the majority of our revenue from Internet
advertising.  Internet advertising constitutes a new and rapidly
evolving market.  If the Internet is not accepted as a medium for
advertising, then we may not be able to generate revenues and our
business may fail.

If The Audience Targeted By Our Web Site Does Not Prove Desirable
To Potential Advertisers, Our Business May Fail
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Companies may choose not to advertise on our web site if they
perceive that our audience demographic is not desirable for their
products or that advertising on our web site is not effective for
their sales.  Factors which will affect our ability to attract
advertisers include our ability to develop a desirable audience
demographic for our web site, the attractiveness of our audience
demographic to web site advertisers and the presence of alternative
web sites that offer competition to advertising on our web site.
If we are not successful in entering into agreements with
advertisers for advertising on our web site, then we may not be
able to generate revenues and our business may fail.

If We Are Unable To Develop A Marketable Web Site, Then Our
Business Will Fail
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Our web site is in its development stage.  If we are unable to
develop an operating web site that is capable of attracting users
and convincing advertisers to pay for advertising, then we will not
be

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able to generate revenues.  If we fail to earn revenues which
exceed our operating costs upon the completion and subsequent
marketing of our web site, our business will most likely fail.

If We Are Unable To Hire And Retain Key Personnel, We May Not Be
Able To Implement Our Business Plan And Our Business Will Fail
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Our success will be largely dependent on our ability to hire highly
qualified computer programmers, sales and technical personnel who
can develop the web site. These individuals are in high demand and
we may not be able to attract the staff we need.  In addition, we
may not be able to afford the high salaries and fees demanded by
qualified personnel, or may lose such employees after they are
hired.  Currently, we have not hired any key personnel.  Our
failure to hire key personnel when needed would have a significant
negative effect on our business.

If We Are Not Able To Effectively Respond To Competitors, Our
Business May Fail
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There are other companies who provide information similar to what
we propose to offer on our proposed web site. Competition for
customers is likely to be intense and is expected to increase
significantly in the future because of the growth of the Internet.
Increased competition could result in:

  (1)  lower than projected usage of our web site;
  (2)  our inability to attract advertisers who are prepared to
       pay for advertising;
  (3)  decreased advertising rates that advertisers are prepared to pay;
  (4)  our inability to develop a web site with features and usability
       sought by potential customers.

Any one of these results could adversely affect our business,
financial condition and results of operations. In addition, our
competitors may develop competing web sites or traditional media
products that achieve greater market acceptance. It is also
possible that new competitors may emerge and acquire significant
market share. Our inability to achieve sales and revenue due to
competition will have an adverse effect on our business, financial
condition and results of operations.

If the Legal and Regulatory Environment of the Internet Changes,
then the Growth of the Internet Could be Significantly Slowed and
Our Business Will Be Negatively Effected
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To date, governmental regulations have not materially restricted
use of the Internet. However, the legal and regulatory environment
that pertains to the Internet is uncertain and may change.
Uncertainty and new regulations could increase our costs of doing
business and prevent us from operating or marketing our web site.
The growth of the Internet may also be significantly slowed. This
could delay growth in potential demand for our web site information
and limit our ability to generate revenues. In addition to new laws
and regulations being adopted, existing laws which could impede
growth of usage of the Internet may be applied to the Internet that
have not as yet been applied. New and existing laws may cover
issues that include:

  (1)  sales and other taxes;
  (2)  user privacy;
  (3)  pricing controls;
  (4)  characteristics and quality of products and services;
  (5)  consumer protection;
  (6)  cross-border commerce;
  (7)  libel and defamation;

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  (8)  copyright, trademark and patent infringement; and
  (9)  other claims based on the nature and content of Internet materials.

These new laws may impede the growth in usage of the Internet.  If
the growth of the Internet and usage of the Internet is slowed,
then our ability to generate advertising revenues may be adversely
impacted with the result that our financial condition will be
harmed.

If We Are Required To Qualify To Do Business In Multiple
Jurisdictions, Our Business May Be Harmed
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Because we may sell advertising for our web site in a number of
states and foreign countries, we may be subject to the laws and the
court systems of multiple jurisdictions. Such jurisdictions may
claim that we are required to qualify to do business as a foreign
company. This process of qualifying to do business can be costly
and time consuming and will generally have a negative effect on our
ability to show a profit from operations.  Failure to qualify as a
foreign company in a jurisdiction where required to do so could
subject us to taxes and penalties.

Because We Will Provide Information To Users on Our Site, We May Be
Subject To Legal Claims Based On Inaccurate Information
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If we are successful in developing and marketing our web site, we
may become subject to claims from our users based on allegations of
inaccurate or incomplete information regarding the immigration
process.  Users who have relied on the immigration information on
our website may claim that the information is inaccurate or
incomplete and then may claim damages and commence legal actions
against us to enforce their claims.   Although we plan to carry
general liability insurance when we commence marketing our web
site, our insurance may not cover all potential claims to which we
are exposed or may not be adequate to indemnify us for all
liability. Any imposition of liability that is not covered by
insurance or is in excess of insurance coverage could have an
adverse effect on our business, financial condition and results of
operations. In addition, we can provide no assurance that we will
be able to obtain general liability insurance coverage for our
business.

Because our President, Mr. Robert Smith, Owns 49.5% Of Our
Outstanding Common Stock, Investors May Find That Future Corporate
Decisions Are Controlled By Mr. Smith Who May Use This Control to
Advance his Own Interests at the Expense of Other Stockholders.
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Mr. Robert S. Smith, our sole director and President, owns
approximately 49.5% of the outstanding shares of our common stock.
Accordingly, he will have a significant influence in determining
the outcome of all corporate transactions or other matters,
including mergers, consolidations and the sale of all or
substantially all of our assets, and also the power to prevent or
cause a change in control. The interests of Mr. Smith may differ
from the interests of the other stockholders.  Factors which could
cause the interests of Mr. Smith to differ from the interest of
other stockholders include the impact of a corporate transaction on
the business time required to be devoted by Mr. Smith to our
business and the ability of Mr. Smith to continue to manage our
business in the absence of the anticipated corporate transaction.

Mr. Smith presently works up to fifteen days a month as a
professional airline pilot.  While Mr. Smith presently possesses
adequate time every month to attend to the interests of Balsam, it
is possible that the demands of Mr. Smith's principal employment as
a pilot could increase with the result that he would no longer be
able to devote sufficient time to the management of our business.
In addition, Mr. Smith may not possess sufficient time for devotion
to our business if the demands of managing our business increase
substantially beyond current levels.  Competing demands on Mr.

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Smith's business time may cause Mr. Smith to have differing
interests in approving significant corporate transactions than
other stockholders.

If A Market For Our Common Stock Does Develop, Our Stock Price May
Be Volatile.
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There is currently no market for our common stock and we can
provide no assurance that a market will develop.  If a market
develops, we anticipate that the market price of our common stock
will be subject to wide fluctuations in response to several
factors, including:

  (1)  actual or anticipated variations in our results of operations;
  (2)  our ability or inability to generate new revenues;
  (3)  increased competition; and
  (4)  conditions and trends in the Internet and electronic commerce
       industries.

Further, if our common stock is traded on the Nasdaq over the
counter bulletin board, our stock price may be impacted by factors
that are unrelated or disproportionate to our operating
performance.   The trading prices of many technology companies'
stocks are at or near historical highs and reflect price earnings
ratios substantially above historical levels.  These market
fluctuations, as well as general economic, political and market
conditions, such as recessions, interest rates or international
currency fluctuations may adversely affect the market price of our
common stock.

We can provide no assurance that our common stock will be traded on
the Bulletin Board.

If Our Stock Price Drops Significantly, We May Become Subject To
Securities Litigation That Would Result In A Harmful Diversion Of
Our Resources
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In the past, following periods of volatility in the market price of
a particular company's stock, securities class action litigation
has been brought against that company. Any litigation arising from
the volatility in the price of our common stock could have a
adverse effect upon our business, financial condition and results
of operations.