International Marketing And Advertising Inc , pt1 04/10/97 Interim Interim 8 months Aug 31 1995 Jun 30 1996 Curr Assets 242,911 184,665 Curr Liabs 181,911 196,980 Current Ratio 1.33 .937 Working Capital 61,000 (12,315) Other Assets 178,717 71,456 Worth 52,604 59,141 Sales 509,499 789,696 Net Profit (Loss) 12,936 Interim statement dated JUN 30 1996: Cash $ 95,259 Accts Pay $ 149,630 Accts Rec 9,406 Taxes 12,000 Prepayments 80,000 Loans & Adv-Princ 35,350 --------------- --------------- Curr Assets 184,665 Curr Liabs 196,980 Fixt & Equip 65,530 COMMON STOCK 10 Deposits 5,926 ADDIT. PD.-IN CAP 19,990 RETAINED EARNINGS 39,141 --------------- --------------- Total Assets 256,121 Total 256,121 From JAN 01 1996 to JUN 30 1996 sales $789,696; cost of goods sold $330,587. Gross profit $459,109; operating expenses $440,661. Operating income $18,448; net income before taxes $18,448; Federal income tax $5,512. Net income $12,936. Submitted APR 10 1997 by Andrea R Ciba, sec. Extent of audit, if any, not indicated. --0-- On APR 10 1997 Andrea R Ciba, sec, submitted the above figures. She submitted the following partial estimates dated APR 10 1997: Projected annual sales are $ 13,000,000. On April 10 1997 Andrea Ciba, sec, indicated that in 1996, IMA raised over $1.5 million in increased capital which has facilitated the lease/purchase of IMA's own switching/billing systems. With the addition of 15 engineers and programs, IMA produced proprietary customized programs for these systems, allowing IMA the flexibility to instantly adapt to any new business or marketing opportunity. With the growth of IMA's ICON and the traffic exchange, revenue is expected to be in excess of $13 million for 1997. On Feb 17 1997 a Dun & Bradstreet analyst made a personal visit to International Marketing And Advertising Inc at 250 Catalonia Ave Ste 507, Coral Gables, FL. While a management interview was not conducted at that time, the analyst confirmed that the business is operating at this location. |