******************************************************************************* Financial Information - DELIVERED COPYRIGHT 2002 DUN & BRADSTREET INC. - PROVIDED UNDER CONTRACT FOR THE EXCLUSIVE USE OF SUBSCRIBER ATTN: GORMAN MANUFACTURING COMPANY, SAN FRANCISCO, CA D-U-N-S NUMBER: 80-473-5132 FINANCIAL INFORMATION FINANCE 07/26/02 Fiscal Fiscal Fiscal Dec 31 1998 Dec 31 1999 Dec 31 2000 Curr Assets 5,735,650 6,022,432 6,383,778 Curr Liabs 4,521,811 4,747,902 5,032,776 Current Ratio 1.26 1.27 1.27 Working Capital 1,213,839 1,274,530 1,351,002 Other Assets 2,623,143 2,754,300 2,920,416 Worth 2,838,982 2,980,930 3,160,644 Sales 17,685,297 18,569,562 19,683,736 Long Term Liab 998,000 1,047,900 1,110,774 Net Profit (Loss) 584,077 613,280 650,077 Fiscal statement dated DEC 31 2000: Cash $ 829,185 Accts Pay $ 2,845,063 Accts Rec 2,020,011 Bank Loans 1,012,830 Inventory 1,670,307 Notes Pay 445,200 Other Curr Assets 1,864,275 Other Curr Liabs 729,683 --------------- --------------- Curr Assets 6,383,778 Curr Liabs 5,032,776 Fixt & Equip 2,212,435 L.T. Liab-Other 1,110,774 Other Assets 707,981 COMMON STOCK 50,000 RETAINED EARNINGS 3,110,644 --------------- --------------- Total Assets 9,304,194 Total 9,304,194 From JAN 01 2000 to DEC 31 2000 annual sales $19,683,736; cost of goods sold $15,837,499. Gross profit $3,846,237; operating expenses $3,196,160. Operating income $650,077. Net income $650,077. Submitted MAY 18 2001 by Leslie Smith, president. Accountant: Johnson, Jordan & Jones CPAs. ACCOUNTANTS OPINION: A review of the accountant's opinion indicates the financial statements meet generally accepted accounting principles and that the audit contains no qualifications. --0-- . ...... BALANCE SHEET EXPLANATIONS ...... . OTHER CURRENT ASSETS: Consist of prepaid expenses and a loan receivable. OTHER ASSETS: Consists of deposits. BANK LOANS: Due to the bank at prime interest rate, are secured by accounts receivable and inventory and will mature in 3 years. NOTES PAYABLE: Due on printing equipment. OTHER CURRENT LIABILITIES: Consist of accrued expenses and taxes. LONG TERM DEBT: Consists of the long term portion of the equipment note. On July 24, 2002, Test Test, confirmed company name, address, principals, annual sales and operational information using Dun & Bradstreet's Internet-based update method (eUpdate) at www.dnb.com. END OF FINANCIAL INFORMATION