<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>ex99_1.txt
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
                                                              MarketVision
                                                            Communications
                                                               Corporation






                                          ======================================

                                                            Financial Statements
                                          Years Ended December 31, 2003 and 2002
<PAGE>


                                         MarketVision Communications Corporation


                                                                        Contents

================================================================================


                  Independent auditors' report                                 3


                  Financial statements

                      Balance sheets                                           4

                      Statements of income                                     5

                      Statements of stockholders' equity                       6

                      Statements of cash flows                                 7

                      Notes to financial statements                            8








                                                                               2
<PAGE>
Independent Auditors' Report


The Stockholders and Board of Directors
MarketVision Communications Corporation

We have audited the accompanying balance sheets of MarketVision Communications
Corporation (the "Company") as of December 31, 2003 and 2002 and the related
statements of income, stockholders' equity and cash flows for the years then
ended. 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 auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audits 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.

In our opinion, the consolidated financial statements referred to above present
fairly, in all material respects, the financial position of MarketVision
Communications Corporation as of December 31, 2003 and 2002, and the results of
its operations and its cash flows for the years then ended, in conformity with
accounting principles generally accepted in the United States of America.


/s/ BDO Seidman, LLP


January 23, 2004 (except for note 8
which is dated as of March 31, 2004)


                                                                               3
<PAGE>
                                         MarketVision Communications Corporation


                                                                  Balance Sheets

================================================================================

December 31,                                                 2003           2002
--------------------------------------------------------------------------------
Assets

Current
     Cash and cash equivalents                        $   793,727   $   350,966
     Receivables from related parties                   1,248,141       741,190
     Prepaid expenses and other assets                      9,964         7,978
--------------------------------------------------------------------------------

Total current assets                                    2,051,832     1,100,134

Property and equipment, net                               105,030        97,631
--------------------------------------------------------------------------------

                                                      $ 2,156,862   $ 1,197,765
================================================================================

Liabilities and Stockholders' Equity

Current
     Accounts payable and accrued liabilities         $    69,688   $    68,389
     Current portion of long-term debt                      6,120         5,736
     Unearned refundable fees from related parties        947,604       685,023
--------------------------------------------------------------------------------

Total current liabilities                               1,023,412       759,148

Long-term debt, excluding current portion                  13,754        19,843
--------------------------------------------------------------------------------

Total liabilities                                       1,037,166       778,991

Commitments and contingencies

Stockholders' equity
     Common stock - no par value; 40,000,000 shares
         authorized and 888,889 shares outstanding             --            --
     Additional paid-in capital                           143,000       143,000
     Retained earnings                                  1,153,246       471,382
     Notes receivable from stockholder                   (176,550)     (195,608)
--------------------------------------------------------------------------------

Total stockholders' equity                              1,119,696       418,774
--------------------------------------------------------------------------------

                                                      $ 2,156,862   $ 1,197,765
================================================================================

See accompanying summary of accounting policies and
notes to financial statements.

                                                                               4
<PAGE>
                                         MarketVision Communications Corporation


                                                            Statements of Income

================================================================================

Years ended December 31,                               2003                2002
--------------------------------------------------------------------------------

Revenue                                         $ 1,839,282         $ 1,373,944

Costs and expenses
     Payroll and benefits                           892,551             647,776
     Professional fees                              156,451             161,009
     Administrative                                 110,932              97,942
--------------------------------------------------------------------------------

                                                  1,159,934             906,727
--------------------------------------------------------------------------------

Income from operations                              679,348             467,217

Other income (expense)
     Interest income                                  4,011               4,064
     Interest expense                                (1,495)             (1,765)
--------------------------------------------------------------------------------

Total other income, net                               2,516               2,299
--------------------------------------------------------------------------------

Net income                                      $   681,864         $   469,516
--------------------------------------------------------------------------------

See accompanying summary of accounting policies and
notes to financial statements.

                                                                               5
<PAGE>
                                         MarketVision Communications Corporation


                                              Statements of Stockholders' Equity

================================================================================

<TABLE>
<CAPTION>
                                                                                                            Note
                                         Common Stock             Additional                          Receivable              Total
                                  --------------------------         Paid-in          Retained              from      Stockholders'
                                      Shares         Amount          Capital          Earnings       Stockholder             Equity
------------------------------------------------------------------------------------------------------------------------------------
<S>                                  <C>          <C>            <C>               <C>               <C>                <C>
Balance, December 31, 2001           400,000      $      --      $        --       $     1,866       $        --        $     1,866

Stock compensation                   488,889             --          143,000                --                --            143,000

Advances to stockholders                  --             --               --                --          (195,608)          (195,608)

Net income                                --             --               --           469,516                --            469,516
------------------------------------------------------------------------------------------------------------------------------------

Balance, December 31, 2002           888,889             --          143,000           471,382          (195,608)           418,774

Repayments                                --             --               --                --            19,058             19,058

Net income                                --             --               --           681,864                --            681,864
------------------------------------------------------------------------------------------------------------------------------------

Balance, December 31, 2003           888,889      $      --      $   143,000       $ 1,153,246       $  (176,550)       $ 1,119,696
====================================================================================================================================
</TABLE>
See accompanying summary of accounting policies and
notes to financial statements.

                                                                               6
<PAGE>
                                         MarketVision Communications Corporation


                                                        Statements of Cash Flows

================================================================================

<TABLE>
<CAPTION>
Years ended December 31,                                             2003           2002
----------------------------------------------------------------------------------------
<S>                                                           <C>            <C>
Cash Flows from Operating Activities:
     Net income                                               $   681,864    $   469,516
     Adjustments to reconcile net income to net cash
       provided by operating activities:
         Stock compensation                                            --        143,000
         Depreciation                                              31,063         23,771
         Change in assets and liabilities:
              Receivables from related parties                   (506,951)      (699,555)
              Prepaid expenses and other assets                    (1,986)        (4,826)
              Accounts payable and accrued liabilities              1,299         52,855
              Unearned refundable fees from related parties       262,581        453,580
----------------------------------------------------------------------------------------

Net cash provided by operating activities                         467,870        438,341

Net Cash from  Investing Activities:
     Purchase of property and equipment                           (38,462)       (23,876)
     (Advances to) repayment from stockholders                     19,058       (195,608)
----------------------------------------------------------------------------------------

Net cash used in investing activities                             (19,404)      (219,484)

Cash Flows from Financing Activities:
     Payments on note payable                                      (5,705)        (5,004)
----------------------------------------------------------------------------------------

Net cash used in financing activities                              (5,705)        (5,004)
----------------------------------------------------------------------------------------

Net Increase in Cash and Cash Equivalents                         442,761        213,853

Cash and Cash Equivalents, beginning of year                      350,966        137,113
----------------------------------------------------------------------------------------

Cash and Cash Equivalents, end of year                        $   793,727    $   350,966
========================================================================================

Noncash Operating Activities:
     Stock compensation                                       $        --    $   143,000
Supplemental Cash Flow Information:
     Interest paid                                            $     1,495    $     1,765
========================================================================================
</TABLE>

See accompanying summary of accounting policies and
notes to financial statements.

                                                                               7
<PAGE>
                                         MarketVision Communications Corporation


                                                   Notes to Financial Statements

================================================================================

1.       Description of the         Organization - MarketVision Communications
         Business                   Corporation (the Company), a Minnesota
                                    S-Corporation, was formed on June 8, 2000 to
                                    provide information technology services to
                                    Natural Health Trends Corp. (NHTC) and its
                                    affiliates. A director of NHTC is also the
                                    Chief Executive Officer of one of the
                                    affiliates of NHTC and a 45% stockholder of
                                    the Company. As a result, NHTC and its
                                    affiliates are considered related parties of
                                    the Company. The Company paid this
                                    stockholder a consulting fee of $120,000 and
                                    $115,000 in 2003 and 2002, respectively,
                                    that is included in professional fees.

2.       Summary of Significant     Use of estimates - In preparing the
         Accounting Policies        financial statements in conformity with
                                    accounting principles generally accepted in
                                    the United States of America, management is
                                    required to make estimates and assumptions
                                    that affect the reported amounts of assets,
                                    liabilities, revenues and expenses during
                                    the reporting period. Actual results may
                                    vary from management's estimates.

                                    Cash and cash equivalents - The Company
                                    considers all highly liquid investments with
                                    maturities when purchased of three months or
                                    less to be components of cash.

                                    Concentration of credit risks - Financial
                                    instruments that potentially subject the
                                    Company to concentrations of credit risk are
                                    primarily cash equivalents, short-term
                                    investments and receivables.

                                    The Company maintains its cash in two bank
                                    accounts. Accounts in the United States are
                                    insured by the Federal Deposit Insurance
                                    Corporation ("FDIC") up to $100,000. Some of
                                    the Company's cash balances exceed insured
                                    limits.

                                    Property and equipment - Property and
                                    equipment are recorded at cost and
                                    depreciated using the straight-line method
                                    over the estimated useful lives of the
                                    assets, ranging from 3 to 7 years.
                                    Depreciation expense is included in
                                    administrative expenses. Property and
                                    equipment are reviewed for impairment
                                    whenever an event or change in circumstances
                                    indicates that the carrying amount of an
                                    asset or group of assets may not be
                                    recoverable.

                                                                               8
<PAGE>
                                         MarketVision Communications Corporation


                                                   Notes to Financial Statements

================================================================================

                                    Income taxes - The Company elected to be
                                    taxed under the provisions of Subchapter S
                                    of the Internal Revenue Code, under which
                                    the Company's taxable income or loss is
                                    included in the Federal income tax returns
                                    of its stockholders. Therefore, no provision
                                    or liability for Federal income taxes has
                                    been included in the accompanying
                                    financial statements.

                                    Revenue recognition - The Company's revenue
                                    is primarily derived from annual access fees
                                    paid by NHTC and its affiliates for which
                                    the Company provides NHTC's distributors
                                    access to various internet technologies over
                                    a 12-month period. Access fees are
                                    determined based on the number of enabled
                                    distributors using an agreed upon rate, are
                                    billed in advance, and are refundable on a
                                    pro rata basis in the event of distributor
                                    termination prior to completion of the
                                    12-month period. The Company recognizes
                                    revenue from these fees ratably over the
                                    12-month service period. During 2003 and
                                    2002, the Company provided extended payment
                                    terms for a portion of the outstanding
                                    receivable balance with NHTC. The Company
                                    believes collection of its receivables with
                                    NHTC is reasonably assured.

3.       Property and Equipment     Property and equipment consisted of the
                                    following at December 31, 2003 and 2002,
                                    respectively:


                                        Estimated
                                         Useful
                                          Lives
                                         (Years)             2003          2002
--------------------------------------------------------------------------------
Furniture and office equipment             3-5       $    123,699    $   85,237
Automobile                                  5              45,820        45,820
--------------------------------------------------------------------------------
                                                          169,519       131,057
Less accumulated depreciation                              64,489        33,426
--------------------------------------------------------------------------------

                                                     $    105,030    $   97,631
================================================================================

                                                                               9
<PAGE>
                                         MarketVision Communications Corporation


                                                   Notes to Financial Statements

================================================================================

4.     Unearned Refundable Fees     Unearned refundable fees from related
       from Related Parties         parties represents annual access fees
                                    received from NHTC and its affiliates that
                                    are recognized as revenue over the 12-month
                                    period that the Company provides NHTC's
                                    distributors access to various internet
                                    technologies. These fees are refundable on a
                                    pro rata basis in the event of distributor
                                    termination prior to completion of the
                                    12-month service period.

5.     Long-Term Debt               Long-term debt consists of the following at
                                    December 31:


                                                    2003               2002
--------------------------------------------------------------------------------
6.5% automobile note payable                   $       19,874     $       25,579
Less current portion                                    6,120              5,736
--------------------------------------------------------------------------------

Long-term portion                              $       13,754     $       19,843
================================================================================

Future maturities of long-term debt are as follows:

Fiscal year ending
--------------------------------------------------------------------------------

2004                                                              $       6,120
2005                                                                      6,530
2006                                                                      7,224
--------------------------------------------------------------------------------
                                                                  $      19,874
================================================================================

6.       Notes Receivable           Note receivable from stockholder bears
         from Stockholder           interest at 1.52% and was repaid as part of
                                    the merger agreement described in note 8.

7.       Stockholders' Equity       On January 1, 2002, the Company issued
                                    488,889 shares of its common stock to
                                    certain employees as compensation. The
                                    shares were valued at $0.2925 per share
                                    based on an assessment by management.

                                                                              10
<PAGE>
                                         MarketVision Communications Corporation


                                                   Notes to Financial Statements

================================================================================

8.       Subsequent Event           On March 31, 2004, NHTC entered into a
                                    merger agreement with the Company, pursuant
                                    to which NHTC acquired all of the
                                    outstanding capital stock of the Company in
                                    exchange for the issuance of 690,000 shares
                                    of NHTC restricted common stock, promissory
                                    notes in the aggregate principal amount of
                                    approximately $3,203,000, a cash payment of
                                    approximately $1,337,000, acquisition costs
                                    of approximately $150,000 less
                                    pre-acquisition net payables due
                                    MarketVision of $609,000 for a total
                                    purchase price of approximately $17,618,000.


                                                                              11

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