Liquidity.

9 Months Ended

Sep. 30, 2011

Liquidity.

Liquidity.

4. Liquidity.

As of September 30, 2011, the Company had a working capital deficit of approximately $2,361, a decrease in the deficit of $1,417 compared to the working capital deficit of $3,778 at December 31, 2010.

As of September 30, 2011, the Company had fully drawn down its credit facility’s credit line limit of Czech Koruna (“CZK”) 35,000, or approximately $1,900.  The Company was, on such date, in full compliance with the credit facility’s financial covenants.

The Company’s management believes that its cash resources at September 30, 2011, in addition to the anticipated cash to be provided by existing operations, will be sufficient to satisfy its accounts payable and other current obligations and fund its operating activities for the next twelve months.  However, should cash from operations be insufficient to cover the above objectives, the Company may seek to raise additional debt and/or equity capital in order to fund its current liabilities, operations and growth strategies.  There is no guarantee that such funds will be available to TWC at favorable terms or at all, in which case the Company may decide to reduce its operations and/or its development plans.