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Technology Stocks : Information Architects (IARC): E-Commerce & EIP

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To: MACA who wrote (317)	4/27/1997 11:47:00 AM
From: The Pri	of 10786

A/R Accounts receivable PP&E Property, plant and equipment A/P Accounts payable N/P Notes payable Add. Pd-In Additional paid-in capital The information disclosed shows that bills can be paid in the near future and the company can operate. Cash $3 million and Accounts Receivable of $1-2 million are presently much larger than Accounts Payable of $300,000 and Notes Payable of $300,000. For the short run these figures are good. The key to this Company is Not the projected April balance sheet, however. It is large sales contracts and then sufficient cash flow to pay for wages, rent and new equipment. Once we get on NASDAQ and if large contracts are announced we should have a winner. The Additional paid in capital has to do with the recording of shares of stock previously issued. It presently does not impact the thoughts I have expressed above. Look at the graph of this stock from December 1995-April 1996 and lets hope for a repeat performance. The Pri

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