BIFS TECHNOLOGIES CORPORATION
-----------------------------
PRO FORMA CONDENSED CONSOLIDATING
STATEMENT OF OPERATIONS
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FOR THE THREE MONTHS ENDED MARCH 31, 2000
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(UNAUDITED)
Pro forma Consolidated
BIFS Beach GPS adjustments pro forma
--------- -------- --------- ----------- ------------
(b)
Revenues $ - $ 70,105 $ - $ - $ 70,105
--------- -------- --------- ----------- ------------
Expenses
Cost of sales - 64,100 - - 64,100
Interest 11,140 3,262 - - 14,402
Professional fees 62,264 - - - 62,264
Stock promotion
expenses - - - - -
Other 18,868 13,517 - 51,046(a) 83,431
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92,272 80,879 - 51,046 224,197
--------- -------- --------- ----------- ------------
Net loss $(92,272) $(10,774) $ - $(51,046) $(154,612)
========= ======== ========= =========== ============
Net loss per
common share $(0.0002) $(0.0003)
========= ============
Weighted average
shares outstanding
(In hundreds) 4,210,500 4,619,303
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