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Technology Stocks : BIFS ... Patented Environmental Cleanup and Low Float Co.

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To: scion who wrote (328)4/2/2001 9:22:30 PM
From: scion  Read Replies (1) of 381
 
For the year ended December 31, 1999, the Company was in development stage and
had not commenced operations.

The chief operating decision maker does not use cash loaned or invested in the
Internet technology segment to evaluate its performance. However, such
information is furnished to the chief operating decision maker. For the year
ended December 31, 2000, cash loaned or invested in the Internet technology
segment amounted to $1,542,595.

The pollution treatment segment will derive its revenues from sale or lease of a
proprietary biofiltration system used to treat polluted water. The Internet
technology segment derives its revenues principally from dial-up and wireless
Internet access services to residential and commercial customers.

Eliminating adjustments noted above consist of consolidating adjustments to
eliminate the parent company's (BIFS) investment in the wholly owned subsidiary.

new.edgar-online.com
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