-----------------------------
                           CONSOLIDATED BALANCE SHEET
                           --------------------------
                                 MARCH 31, 2001
                                 --------------

                      LIABILITIES AND STOCKHOLDERS' EQUITY
                      ------------------------------------

CURRENT LIABILITIES

    Current portion of related party
        notes payable                                              $    34,675
    Accounts payable and accrued expenses                              404,498
                                                                    -----------

        TOTAL CURRENT LIABILITIES                                      439,173
                                                                    -----------

OTHER LIABILITIES

    Notes payable to majority stockholder                            1,218,999
    Other stockholder notes payable                                    348,900
    Related party notes payable,
        less current portion                                            61,073
                                                                    -----------

                                                                     1,628,972
                                                                    -----------

COMMITMENTS AND CONTINGENCIES                                             -
                                                                    -----------

STOCKHOLDERS' EQUITY

    Common stock $.00001 par value,
        800,000,000 shares authorized,
        525,320,716 shares issued and
        524,820,716 shares outstanding                                   5,253
    Additional paid-in capital                                       6,885,597
    Deferred stock options                                          (  283,669)
    Accumulated deficit                                             (5,383,554)
                                                                    -----------

                                                                     1,223,627

    Less treasury stock                                             (   10,000)
                                                                    -----------

                                                                     1,213,627
                                                                    -----------

                                                                   $ 3,281,772
                                                                    ===========
secinfo.com