PNLK Company FINANCIAL INFORMATION
To: Gerald Underwood (2487 )
From: Glenn Zagoren ............ Thursday, May 7 1998 6:21PM ET
Reply # of 2503
FINANCIAL INFORMATION
I am listing here an outline of the company financial information. If you would like a copy please email my company (zagoren@aol.com) or call 212-688-8838 to have them mailed to you. I would post these to a news release but frankly, we are within a week of going live and we just don't have the time to start taking financial questions from the world. The numbers speak for themselves.
Thank you for your support.
As of May 7th, 1998
ASSETS
Cash on hand.............$335,314.40
Pre-paid expenses..........18,536.66
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Total current assets......353,851.06
Fixed assets...............10,875.59
Other assets...............14,500.00
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TOTAL ASSETS.............$379,226.65
Credit line..............$500,000.00
____________________________________
Total funds available....$879,226.65
____________________________________
LIABILITIES
Notes payable.............$50,000.00
Accrued Expenses............1,571.51
Taxes payable.................520.00
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TOTAL CURRENT LIABILITIES..52,091.51
Long term debt payable
over 5 years....................$347,200.00
Main expenses
Web development balance..........$27,460.00
Monthly expenses
Rent...............................6,000.00
ISP................................3,100.00
Payrole...........................24,500.00*
Telephone..........................1,000.00
Utilities............................750.00
insurance..........................1,500.00
Professional fees..................8,000.00
Interest expense...................3,013.00
Marketing.......................$100,000.00**
* Payrole is a function of number of members that sign up.
** Marketing is a function of number of members that sign up and is projected at 20% of gross revenues.
Glenn Zagoren
President
Zagoren-Zagoren, Inc.
Marketing firm for ProNetLink
212-629-6220
The forgoing is neither an offer to buy or a solicitation to sell securities. Any offer will be made only through an offering memorandum, prospectus or other appropriate offering document
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