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Gold/Mining/Energy : Arcon Energy (MIDL Presently) The Ultimate Sleeper -- Ignore unavailable to you. Want to Upgrade?

To: Binder who wrote (4136)	7/21/1998 9:20:00 PM
From: David L. Wasylenko	Read Replies (1) \| Respond to of 4142

dog w/ fleas

To: Binder who wrote (4136)	12/15/1998 8:12:00 PM
From: Frank Fontaine	Respond to of 4142

December 15, 1998 16:45 MIDLAND INC files 12/31/97 10-K. Reports $0 tot rev, $-0.5 mil NI, $-0.26 EPS, 0.4 mil extraord. Excerpted from 10KSB filed on 12/15 by MIDLAND INC: MIDLAND INC files 12/31/97 10-K. Reports $0 tot rev, $-0.5 mil NI, $-0.26 EPS, 0.4 mil extraord. Item 7. Financial Statements. INDEPENDENT AUDITOR'S REPORT To the Board of Directors and Shareholders of MIDLAND, INC. (Formerly America's Coffee Cup, Inc.): We have audited the accompanying balance sheet of Midland, Inc. (formerly America's Coffee Cup, Inc.) (a Colorado corporation) as of December 31, 1997 and the related statements of operations, changes in shareholders' deficit and cash flows for the years ended December 31, 1997 and 1996. These financial statements are the responsibility of the Company's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. (End of item excerpt.) (End of item excerpt.) ----------FINANCIAL DATA SCHEDULE-------- PERIOD-TYPE 12-MOS FISCAL-YEAR-END DEC-31-1997 PERIOD-START JAN-01-1997 PERIOD-END DEC-31-1997 CASH 7,984 SECURITIES 0 RECEIVABLES 0 ALLOWANCES 0 INVENTORY 0 CURRENT-ASSETS 0 DEPRECIATION 0 TOTAL-ASSETS 7,984 CURRENT-LIABILITIES 594,724 BONDS 0 PREFERRED-MANDATORY 0 PREFERRED 49,847 COMMON 753,494 OTHER-SE (1,390,081) TOTAL-LIABILITY-AND-EQUITY 7,984 SALES 13,422 TOTAL-REVENUES 0 CGS 5,937 TOTAL-COSTS 0 OTHER-EXPENSES 997,080 LOSS-PROVISION 0 INTEREST-EXPENSE 39,238 INCOME-PRETAX (1,028,833) INCOME-TAX 1,600 INCOME-CONTINUING (1,030,433) DISCONTINUED 0 EXTRAORDINARY 486,453 CHANGES 0 NET-INCOME (543,980) EPS-PRIMARY (.26) EPS-DILUTED (.26) ------------------------------------------------------------------------ DISCLAIMER: The information provided through this news feed is excerpted from documents filed with the Securities and Exchange Commission (SEC) and should not be relied upon without review of the full documents filed with the SEC. In no event will Internet Financial Network, Inc., its officers, directors, employees, stockholders or agents, be liable to you or to any third party for any damages, costs or expenses arising or incurred in connection with any action taken or failure to act that is based upond the information contained in or omitted from this news feed or the documents filed with the SEC. ifn.com