Company Summary - Eline Entertainment Group, Inc.

Business Overview

• Nature of Business:
  Eline Entertainment Group, Inc. (EEGI) is a developmental stage company primarily focused on mergers and acquisitions of operating companies. It aims to identify and potentially combine with businesses that have growth potential in various industries, including entertainment and related sectors.

History and Operational Status

• Formation & Incorporation:
  Incorporated in Nevada on June 12, 1997, originally as Rapid Retrieval Systems, Inc.
  Changed to Eline Entertainment Group, Inc. in 2001.
  Converted domicile from Nevada to Wyoming in 2017.

• Operational History:
  Previously operated as a food service business in sports and entertainment production and distribution, but these operations were abandoned by former management.

• Recent Developments & Control Change:
  In November 2022, there was a change in control when the largest shareholder sold controlling stock to Chi Ching Hung.
  As of November 2022, the company’s control shifted, with Ms. Hung controlling 100% of the preferred stock and approximately 3% of outstanding common stock.

Business Plan

• Current Activity:
  As of the latest update, the company is a non-operational, development-stage enterprise searching for merger, acquisition, reverse merger, or business opportunity with an operating company.
  No specific targets or agreements are currently in place.

• Business Strategy:
  The focus is on identifying and executing a merger or acquisition that offers product or service growth potential, though no operational revenues or specific acquisition targets have been identified or secured.

Financial Status and Revenue

• Revenue:
  No revenue has been generated from operations for Fiscal Years 2023 and 2024.

• Expenses & Losses:
  Incurs minimal general and administrative expenses, mainly related to SEC reporting and legal compliance.
  For 2024, general and administrative expenses totaled approximately $35,627, with a net loss of about $32,877.
  In 2023, expenses were around $53,931, with a net loss of approximately $53,931.

• Employees & Customers:
  Currently, the company has no employees and no customers.

• Market & Stock Information:
  The company's common stock is traded on the OTC market under symbol EEGI, with very limited liquidity.
  As of April 10, 2025, the stock price was approximately $0.0003 per share, with about 93 shareholders holding approximately 8.5 billion shares.

Capital & Liquidity

• Funding & Cash:
  Has relied on advances from management (CEO) for working capital; as of December 31, 2024, cash balances are zero.
  The company needs additional funding to continue operations and implement its business plan.

Key Points

• No current operations or revenues.
• Focused on identifying business combination opportunities.
• Recently changed control via stock sale.
• Faces substantial doubt about ongoing viability due to ongoing losses and lack of revenue.
• Aims to raise capital to fund future activities, but no specific deals or operational plans are currently in place.