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Microcap & Penny Stocks : CAML lovers Where are you?
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To: Philip Pasteur who wrote (1448)7/31/1997 10:16:00 PM
From: JOHN HEFNER   of 1541
 
(cont.)
the need arise. There are no known trends,
demands, commitments or events that would result in or that are reasonably likely
to result in the Company's liquidity increasing or decreasing in any material way
other than the potential use of cash resources for investment in Company's
subsidiaries in the normal course of business.

Item 8. Financial Statement and Supplementary Data

Index to Consolidated Financial Statements Page

Report of Independent Auditors - 1997 F-1

Consolidated Financial Statements

Balance Sheets - April 30, 1997 and 1996 F-2 and
F-3
Statements of Operations for the years
ended April 30, 1997, 1996 and 1995 F-4

Statements of Stockholders' Equity for the years ended April 30, 1997, 1996 and
1995 F-5 through

F-7
Statements of Cash Flows for the years ended
April 30, 1997, 1996 and 1995 F-8 and
(Continued in full document...)


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