To: TokyoMex who wrote (15716 ) 5/7/1998 8:18:00 PM From: ilh1 Read Replies (1) | Respond to of 34592
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 ------------- Total current assets......353,851.06 Fixed assets...............10,875.59 Other assets...............14,500.00 ------------- 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 ------------ 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