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Microcap & Penny Stocks : Rocky Mountain Int'l (OTC:RMIL former OTC:OVIS) -- Ignore unavailable to you. Want to Upgrade?

To: FTJoe who wrote (38531)	1/27/1998 1:24:00 PM
From: Pugs	Respond to of 55532

Joe, Notice the co.'s address, I'm sure you're aware of Switzerlands' banking & tax guidlines. All the best Pugs ________________________________ DEVELOPMENT BANCORP LTD 14 QUAI DU SEUJET GENEVA CH-1201 SWITZERLAND FF TICKER SYMBOL: DVBC LATEST ANNUAL FINANCIAL DATE: 12/31/95 BALANCE SHEET ANNUAL ASSETS (000$) FISCAL YEAR ENDING 12/31/95 12/31/94 12/31/93 CASH 1,518 1,725 974 MRKTABLE SECURITIES 1,573 485 206 RECEIVABLES NA NA NA INVENTORIES NA NA NA RAW MATERIALS NA NA NA WORK IN PROGRESS NA NA NA FINISHED GOODS NA NA NA NOTES RECEIVABLE NA NA NA OTHER CURRENT ASSETS 460 314 904 TOTAL CURRENT ASSETS 3,551 2,524 2,084 PROP, PLANT & EQUIP 139 NA NA ACCUMULATED DEP NA NA NA NET PROP & EQUIP 139 NA NA INVEST & ADV TO SUBS 888 1,785 903 OTHER NON-CUR ASSETS NA NA 810 DEFERRED CHARGES NA NA 12 INTANGIBLES 279 NA NA DEPOSITS & OTH ASSET NA NA NA TOTAL ASSETS 4,857 4,309 3,809 ANNUAL LIABILITIES (000$) FISCAL YEAR ENDING 12/31/95 12/31/94 12/31/93 NOTES PAYABLE 355 NA NA ACCOUNTS PAYABLE 482 11 17 CUR LONG TERM DEBT 27 NA NA CUR PORT CAP LEASES NA NA NA ACCRUED EXPENSES 505 121 NA INCOME TAXES NA NA NA OTHER CURRENT LIAB NA 295 757 TOTAL CURRENT LIAB 1,369 427 774 MORTGAGES NA NA NA DEFERRED CHARGES/INC NA NA NA CONVERTIBLE DEBT NA NA NA LONG TERM DEBT 42 NA NA NON-CUR CAP LEASES NA NA NA OTHER LONG TERM LIAB NA NA NA TOTAL LIABILITIES 1,411 427 774 MINORITY INT (LIAB) NA NA 2 PREFERRED STOCK 165 NA NA COMMON STOCK NET 3,673 4,082 3,187 CAPITAL SURPLUS NA NA NA RETAINED EARNINGS -796 -346 -218 TREASURY STOCK NA NA NA OTHER EQUITIES 404 145 64 SHAREHOLDER EQUITY 3,446 3,882 3,032 TOT LIAB & NET WORTH 4,857 4,309 3,809 ANNUAL INCOME (000$) FISCAL YEAR ENDING 12/31/95 12/31/94 12/31/93 NET SALES NA NA 10 COST OF GOODS NA NA 8 GROSS PROFIT NA NA 2 R & D EXPENDITURES NA NA NA SELL GEN & ADMIN EXP 1,186 193 22 INC BEF DEP & AMORT -1,186 -193 -19 DEPRECIATION & AMORT NA NA NA NON-OPERATING INC 766 66 NA INTEREST EXPENSE 29 NA NA INCOME BEFORE TAX -450 -127 -19 PROV FOR INC TAXES NA NA NA MINORITY INT (INC) NA NA 0 INVEST GAINS/LOSSES NA NA NA OTHER INCOME NA NA NA NET INC BEF EX ITEMS -450 -127 -19 EX ITEMS & DISC OPS NA NA NA NET INCOME -450 -127 -19 OUTSTANDING SHARES 1,035 1,090 700 CASH FLOW PROVIDED BY OPERATING ACTIVITY ($000S) Fiscal Year Ending 12/31/95 12/31/94 12/31/93 Net Income (Loss) -450 -127 -19 Depreciation/Amortization 22 2 1 Net Incr (Decr) Assets/Liabs -245 1,121 -854 Cash Prov (Used) by Disc Oper NA NA NA Other Adjustments, Net 154 46 25 Net Cash Prov (Used) by Oper -519 1,042 -847 CASH FLOW PROVIDED BY INVESTING ACTIVITY ($000S) Fiscal Year Ending 12/31/95 12/31/94 12/31/93 (Incr) Decr in Prop, Plant -41 -1,161 NA (Acq) Disp of Subs, Business -52 NA NA (Incr) Decr in Securities Inv NA NA -1,103 Other Cash Inflow (Outflow) NA NA -13 Net Cash Prov (Used) by Inv -94 -1,161 -1,117 CASH FLOW PROVIDED BY FINANCING ACTIVITY ($000S) Fiscal Year Ending 12/31/95 12/31/94 12/31/93 Issue (Purchase) of Equity 270 864 2,994 Issue (Repayment) of Debt NA NA NA Incr (Decr) In Borrowing -122 NA NA Dividends, Other Distribution NA NA NA Other Cash Inflow (Outflow) NA NA NA Net Cash Prov (Used) by Finan 147 864 2,994 Effect of Exchg Rate On Cash 258 6 -55 Net Change in Cash or Equiv -207 751 973 Cash or Equiv at Year Start 1,725 973 0 Cash or Equiv at Year End 1,518 1,725 973 COMMENTS: OTHER EQUITY REPRESENTS VALUATIONS ALLOWANCE (10-Q 03-31-95) (10-Q 09- 30-95) (10-Q 06-30-95) (10-Q 03-31-96) (10-Q 06-30-96) (10-Q 09-30- 96)OTHER EQUITY REPRESENT TRANSLATION ADJUSTMENT; TOTAL EXPENSES TREATED AS SELLING, GENERAL AND ADMINISTRATIVE EXPENSES (10-Q 03-31-95) (10-Q 09-30-95) (10-Q 09-30-95) (10-Q 06-30-95) (10-Q 03-31-96) (10-Q 06-30-96) (10-Q 09-30-96); QUARTERLY INCOME STATEMENT NOT GIVEN (10-Q 06-30-96); 1994 FINANCIALS RECLASSIFIED; FIVE YEAR SUMMARY SALES REPRESENT TOTAL REVENUES