<SUBMISSION>
<ACCESSION-NUMBER>0000950144-04-011978
<TYPE>DEFM14A
<PUBLIC-DOCUMENT-COUNT>4
<FILING-DATE>20041213
<DATE-OF-FILING-DATE-CHANGE>20041213
<EFFECTIVENESS-DATE>20041213
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>CENUCO INC
<CIK>0000843494
<ASSIGNED-SIC>5045
<IRS-NUMBER>752228820
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>DEFM14A
<ACT>34
<FILE-NUMBER>001-32187
<FILM-NUMBER>041197702
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>6421 CONGRESS AVENUE
<STREET2>STE 201
<CITY>BOCA RATON
<STATE>FL
<ZIP>33487
<PHONE>5619944446
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6421 CONGRESS AVENUE
<STREET2>STE 201
<CITY>BOCA RATON
<STATE>FL
<ZIP>33487
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VIRTUAL ACADEMICS COM INC
<DATE-CHANGED>20000110
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DONNEBROOKE CORP
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ALLURISTICS INC
<DATE-CHANGED>19890911
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>DEFM14A
<SEQUENCE>1
<FILENAME>g92218defm14a.htm
<DESCRIPTION>CENUCO INC
<TEXT>
<HTML>
<HEAD>
<TITLE>Cenuco Inc</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV align="center">
<B><FONT size="2">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, D.C. 20549</FONT></B>
</DIV>

<P align="center">
<B><FONT size="2">SCHEDULE 14A</FONT></B>


<DIV align="center">
<B><FONT size="2">(Rule 14a-101)</FONT></B>
</DIV>

<P align="center">
<B><FONT size="2">INFORMATION REQUIRED IN PROXY
STATEMENT</FONT></B>

<DIV align="center">
<B><FONT size="2">SCHEDULE 14A INFORMATION</FONT></B></DIV>

<P align="center">
<FONT size="2">Proxy Statement Pursuant to Section 14(A) of
the Securities</FONT>

<DIV align="center">
<FONT size="2">Exchange Act of 1934</FONT>
</DIV>

<div align="left">
<FONT size="2">Filed by the Registrant&nbsp;
<FONT face="wingdings">&#120;</FONT>
</FONT></div>

<P align="left">
<FONT size="2">Filed by a Party other than the Registrant&nbsp;
<FONT face="wingdings">&#111;</FONT>
</FONT>

<P align="left"><font size="2">
Check the appropriate box:
</font>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<CENTER>
<TABLE width="100%" align="center" cellspacing="0" cellpadding="0" border="0">

<TR>
        <TD width="49%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="3%"><FONT size="2">&nbsp;</FONT></TD>
        <TD width="48%"><FONT size="2">&nbsp;</FONT></TD>
</TR>



<TR>
        <TD align="left" valign="top">
        <FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;Preliminary
        Proxy Statement
        </FONT></TD>
        <TD><FONT size="2">&nbsp;</FONT></TD>
        <TD align="left" valign="top">
        <DIV style="margin-left:10px; text-indent:-10px">
        <FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;Confidential,
        for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
        </FONT></DIV>
        </TD>
</TR>

<TR>
        <TD colspan="3" align="left" valign="top">
        <FONT size="2"><FONT face="wingdings">&#120;</FONT>&nbsp;&nbsp;Definitive
        Proxy Statement
        </FONT></TD>
</TR>

<TR>
        <TD colspan="3" align="left" valign="top">
        <FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;Definitive
        Additional Materials
        </FONT></TD>
</TR>

<TR>
        <TD colspan="3" align="left" valign="top">
        <FONT size="2"><FONT face="wingdings">&#111;</FONT>&nbsp;&nbsp;Soliciting
        Material under Rule 14a-12
        </FONT></TD>
</TR>

</TABLE>
</CENTER>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="center"><font size="3">CENUCO, INC.
</font>

<DIV align="left">
<HR size="1" width="100%" align="left" noshade>
</DIV>

<DIV align="center">
<FONT size="2">(Name of Registrant as Specified In Its Charter)
</FONT>
</DIV>

<P align="center">


<DIV align="left">
<HR size="1" width="100%" align="left" noshade>
</DIV>

<DIV align="center">
<FONT size="2">(Name of Person(s) Filing Proxy Statement, if
other than the Registrant)
</FONT>
</DIV>

<P align="left">
<FONT size="2">Payment of Filing Fee (Check the appropriate box):
</FONT>
<P>


<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="4%"></TD>
        <TD width="96%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2"><FONT face="wingdings">&#111;</FONT></FONT></TD>
        <TD align="left">
        <FONT size="2">No fee required.
        </FONT></TD>
</TR>


<TR valign="top">
        <TD><FONT size="2"><FONT face="wingdings">&#111;</FONT></FONT></TD>
        <TD align="left">
        <FONT size="2">Fee computed on table below per Exchange Act
        Rules&nbsp;14a-6(i)(1) and 0-11.
        </FONT></TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)</FONT></TD>
        <TD align="left">
        <FONT size="2">Title of each class of securities to which
        transaction applies: <U>common stock, par value $.001</U>
        </FONT></TD>
</TR>

</TABLE>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)</FONT></TD>
        <TD align="left">
        <FONT size="2">Aggregate number of securities to which
        transaction applies: <U>N/A</U>
        </FONT></TD>
</TR>

</TABLE>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)</FONT></TD>
        <TD align="left">
        <FONT size="2">Per unit price or other underlying value of
        transaction computed pursuant to Exchange Act Rule&nbsp;0-11
        (set forth the amount on which the filing fee is calculated and
        state how it was determined): <U>$5,400,000 cash and 4,275,000 shares of common stock to be issued
in connection with the acquisition, with a market value of $7.20 per share, based on the average of the high and low prices of the
common stock reported in the consolidated reporting system on
November&nbsp;26, 2004.</U>
        </FONT></TD>
</TR>

</TABLE>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)</FONT></TD>
        <TD align="left">
        <FONT size="2">Proposed maximum aggregate value of transaction: <U>$36,180,000</U>
        </FONT></TD>
</TR>

</TABLE>


<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)</FONT></TD>
        <TD align="left">
        <FONT size="2">Total fee paid: <U>$4,584.00</U>
        </FONT></TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="4%"></TD>
        <TD width="96%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2"><FONT face="wingdings">&#120;</FONT></FONT></TD>
        <TD align="left">
        <FONT size="2">Fee paid previously with preliminary materials.
        </FONT></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2"><FONT face="wingdings">&#111;</FONT></FONT></TD>
        <TD align="left">
        <FONT size="2">Check box if any part of the fee is offset as
        provided by Exchange Act Rule&nbsp; 0-11(a)(2) and identify the
        filing for which the offsetting fee was paid previously.
        Identify the previous filing by registration statement number,
        or the Form or Schedule and the date of its filing.
        </FONT></TD>
</TR>

</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)</FONT></TD>
        <TD align="left">
        <FONT size="2">Amount Previously Paid:
        </FONT></TD>
</TR>

</TABLE>

<P align="right">
<HR size="1" width="91%" align="right" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)</FONT></TD>
        <TD align="left">
        <FONT size="2">Form, Schedule or Registration Statement No.:
        </FONT></TD>
</TR>

</TABLE>

<P align="right">
<HR size="1" width="91%" align="right" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)</FONT></TD>
        <TD align="left">
        <FONT size="2">Filing Party:
        </FONT></TD>
</TR>

</TABLE>

<P align="right">
<HR size="1" width="91%" align="right" noshade>
<P>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0">

<TR>
        <TD width="9%"></TD>
        <TD width="91%"></TD>
</TR>

<TR valign="top">
        <TD><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)</FONT></TD>
        <TD align="left">
        <FONT size="2">Date Filed:
        </FONT></TD>
</TR>

</TABLE>

<P align="right">
<HR size="1" width="91%" align="right" noshade>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>




<P align="center">
<img src="g92218g9221802.gif" alt="Cenuco Logo">







<P align="center" style="font-size: 10pt"><B>NOTICE OF ANNUAL MEETING OF STOCKHOLDERS<BR>
TO BE HELD ON DECEMBER 30, 2004</B>


<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">The Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;) of Cenuco, Inc. (&#147;we,&#148; &#147;us&#148; or &#147;our&#148; )
will be held at the Holiday Inn Hotel &#038; Suites located at 1950 Glades Rd., Boca Raton, Florida, on
December&nbsp;30, 2004 at 10:00&nbsp;a.m. (EST)&nbsp;for the following purposes:
<DIV align="left"><FONT size="1">

</FONT></DIV>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To approve the issuance of the following shares of our common stock in connection with our
proposed acquisition of substantially all of the assets of Omni Point Marketing, LLC, a Florida
limited liability company (&#147;Omni Point&#148;): (a)&nbsp;up to 4,275,000 shares to be issued to Omni Point, as
part of the aggregate purchase price; (b)&nbsp;up to 1,500,000 shares to be issued upon the conversion
of warrants to be issued to affiliates of Omni Point at the closing; and (c)&nbsp;up to 3,000,000 shares
to be issued upon the conversion of warrants that may be issued to affiliates of Omni Point as
earn-out consideration;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To elect four directors for a term of one year, or until their successors are duly elected and
qualified;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>


<TR>
    <TD colspan="5"><DIV align="left"><FONT size="1">

</FONT></DIV>
</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To ratify the selection of Salberg &#038; Company, P.A. as our independent auditor for the fiscal
year ending June&nbsp;30, 2005; and</TD>
</TR>

<TR>
    <TD colspan="5"><DIV align="left"><FONT size="1">

</FONT></DIV>
</TD>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>To act upon such other business as may properly come before the Annual Meeting.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">Only holders of common stock of record at the close of business on December&nbsp;6, 2004 will be
entitled to vote at the Annual Meeting or any adjournment thereof.

<P align="justify" style="font-size: 10pt">You are cordially invited to attend the Annual Meeting. Whether or not you plan to attend the
Annual Meeting, please sign, date and return your proxy to us promptly. Your cooperation in signing
and returning the proxy will help avoid further solicitation expense.


<P align="left" style="font-size: 10pt">BY ORDER OF THE BOARD OF DIRECTORS




<img src="g92218g9221803.gif" alt="Steven Bettinger Sig">
<P align="left" style="font-size: 10pt">STEVEN BETTINGER<BR>
DIRECTOR, CHIEF EXECUTIVE OFFICER

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="left" style="font-size: 10pt">December&nbsp;13, 2004<BR>
BOCA RATON, FLORIDA
<DIV align="left"><FONT size="1">

</FONT></DIV>


<P align="center" style="font-size: 10pt">&nbsp;

<!-- PAGEBREAK -->
<P><HR noshade><P>


<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>TABLE OF CONTENTS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="92%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#101">Information About the Annual Meeting</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#102">Purposes of the Annual Meeting</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#103">Summary Term Sheet</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#104">Forward-Looking Statements</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#105">Proposal 1</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#106">Unaudited Pro Forma Financial Information</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#107">Financial Statements of Omni Point Marketing, Llc</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#108">Information About Omni Point Marketing, Llc</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#109">Proposal 2</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">39</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#110">Information Concerning the Board of Directors and Its Committees</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#111">Security Ownership of Certain Beneficial Owners and Management</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#112">Proposal 3</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#113">General Information</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">49</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#114">Annex A &#150; Asset Purchase Agreement </A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><A href="#115">Annex B &#150; Audit Committee Charter</A></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

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<P align="center">
<img src="g92218g9221802.gif" alt="Cenuco Logo">







<P align="center" style="font-size: 10pt"><B>2004 ANNUAL MEETING OF STOCKHOLDERS</B>



<P align="center" style="font-size: 10pt"><B>OF</B>



<P align="center" style="font-size: 12pt"><B>CENUCO, INC.</B>



<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">



<P align="center" style="font-size: 10pt"><B>PROXY STATEMENT</B>



<P align="center" style="font-size: 10pt"><HR align="center" size="1" noshade width="25%">


<DIV align="left">
<A name="101"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>INFORMATION ABOUT THE ANNUAL MEETING</B>


<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">This proxy statement is being furnished to stockholders in connection with the solicitation of
proxies by the Board of Directors of Cenuco, Inc., a Delaware corporation (&#147;we,&#148; &#147;us&#148; or &#147;our&#148; )
for their use at our Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;) to be held at the
Holiday Inn Hotel &#038; Suites located at 1950 Glades Rd., Boca Raton, Florida, on December&nbsp;30, 2004 at
10:00&nbsp;a.m. (EST), and at any adjournments thereof. This proxy statement and the accompanying form
of proxy are first being mailed to stockholders on or about December&nbsp;14, 2004. The cost of
solicitation of proxies is being borne by us.
<DIV align="left"><FONT size="1">

</FONT></DIV>

<DIV align="left">
<A name="102"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>PURPOSES OF THE ANNUAL MEETING</B>


<P align="justify" style="font-size: 10pt">At the Annual Meeting, our stockholders will consider and vote upon the following matters:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the issuance of the following shares of our common stock, in connection with our proposed
acquisition of substantially all of the assets of Omni Point Marketing, LLC, a Florida limited
liability company (&#147;Omni Point&#148;): (a)&nbsp;up to 4,275,000 shares to be issued to Omni Point, as part of
the aggregate purchase price; (b)&nbsp;up to 1,500,000 shares to be issued upon the conversion of
warrants to be issued to affiliates of Omni Point at the closing; and (c)&nbsp;up to 3,000,000 shares to
be issued upon the conversion of warrants that may be issued to affiliates of Omni Point as
earn-out consideration;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the election of four directors for a term of one year, or until their successors are duly
elected and qualified;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
    <TR><TD colspan="5"><DIV align="left"><FONT size="1">

</FONT></DIV></TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the ratification of the selection of Salberg &#038; Company, P.A. as our independent auditor for the
fiscal year ending June&nbsp;30, 2005; and</TD>
</TR>
   <TR><TD colspan="5"><DIV align="left"><FONT size="1">

</FONT></DIV></TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any other business as may properly come before the Annual Meeting.</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">&nbsp;
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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>
<DIV align="left">
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</DIV>

<P align="center" style="font-size: 10pt"><B>SUMMARY TERM SHEET</B>



<P align="left" style="font-size: 10pt"><B>General Information About the Omni Point Acquisition</B>


<P align="justify" style="font-size: 10pt">This summary describes the material terms of Proposal 1 that you will be voting on at the Annual
Meeting of Stockholders (the &#147;Annual Meeting&#148;). Proposal 1 relates to the issuance of shares of our
common stock in connection with our proposed acquisition of Omni Point Marketing, LLC, a Florida
limited liability company (&#147;Omni Point&#148;). It also describes the material terms of our proposed
acquisition of Omni Point. You will not be voting on the proposed acquisition, but we are
describing its material terms because the shares that are the subject of Proposal 1 are issuable in
connection with the proposed acquisition. To better understand Proposal 1 and the proposed
acquisition, as well as the other proposals that you are voting on at the Annual Meeting, you
should carefully read this entire document, its attachments and the other documents to which we
refer.

<P align="justify" style="font-size: 10pt"><I>When did we agree to acquire substantially all of the assets of Omni Point?</I>

<P align="justify" style="font-size: 10pt">On October&nbsp;21, 2004, we entered into an asset purchase agreement (the &#147;Asset Purchase Agreement&#148;)
pursuant to which we agreed to acquire substantially all of the assets of Omni Point, conditioned
upon our stockholders&#146; approval of the issuance of shares of our common stock in connection with
the proposed acquisition. See &#147;Proposal 1 &#151; The Omni Point Acquisition&#148; beginning on page 9.

<P align="justify" style="font-size: 10pt"><I>What is the purchase price for Omni Point?</I>

<P align="justify" style="font-size: 10pt">The aggregate purchase price for the assets of Omni Point is:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$5,400,000 in cash; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>4,275,000 shares of our common stock. Pursuant to the Asset Purchase Agreement,
the 4,275,000 shares payable was determined by dividing an agreed upon amount of
$17,000,000 by $4.00 per share, for a total purchase price of $22,500,000 (the &#147;APA
Purchase Price&#148;).</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">As of November&nbsp;29, 2004, our common stock was valued at $7.39 per share, which would increase the
value of our common stock issued in connection with the acquisition to $31,592,250, for an
aggregate purchase price of $36,992,250.

<P align="justify" style="font-size: 10pt">In accordance with the Asset Purchase Agreement, we will defer payment of 10% of the APA Purchase
Price for a period of one year after the closing for the following purposes:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in order to secure indemnity obligations of Omni Point and its owners for any
material breach of the Asset Purchase Agreement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>


<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as an offset to certain financial statement adjustments that may be required to make
Omni Point&#146;s financial statements comply with generally accepted accounting principles
after the closing; and</TD>
</TR>
   <TR><TD colspan="5"><DIV align="left"><FONT size="1">

</FONT></DIV></TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as an offset to the purchase price for any amount by which the working capital of
Omni Point is less than $1,000,000 at the closing.</TD>
</TR>
   <TR><TD colspan="5"><DIV align="left"><FONT size="1">

</FONT></DIV></TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">The deferred amount will be payable in our common stock.


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<P align="justify" style="font-size: 10pt">In addition, at the closing, we will issue:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>warrants to purchase 750,000 shares of our common stock to Michael Brauser, an
affiliate of Omni Point; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>warrants to purchase 750,000 shares of our common stock to Scott Hirsch, an
affiliate of Omni Point.</TD>
</TR>

</TABLE>


<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">After the closing, we intend to use Omni Point&#146;s eMail Append Database to market our products and
services to new and existing customers through a newly-created Omni Point Division. If the Omni
Point Division meets certain income thresholds during each of the three years beginning on January
1, 2005, we will also issue warrants to purchase up to 3,000,000 shares of our common stock to
Messrs.&nbsp;Brauser and Hirsch as additional consideration in the acquisition (the &#147;Earn-Out
Warrants&#148;).
<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="justify" style="font-size: 10pt">We have agreed to use our reasonable best efforts to file a registration statement with the SEC for
the resale of up to $2,500,000 worth of our shares of common stock issued or issuable in connection
with the proposed acquisition of Omni Point, by no later than March&nbsp;15, 2005. See &#147;Proposal 1 -
The Omni Point Acquisition&#148; beginning on page 9.

<P align="justify" style="font-size: 10pt"><I>What are stockholders being asked to vote on with respect to the proposed acquisition of Omni
Point?</I>

<P align="justify" style="font-size: 10pt">Stockholders are being asked to approve:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the issuance of up to 4,275,000 shares of our common stock to Omni Point at the
closing of the acquisition of Omni Point;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the issuance of up to 1,500,000 shares of our common stock upon conversion of the
warrants to be issued to Messrs.&nbsp;Brauser and Hirsch, affiliates of Omni Point, in
connection with our acquisition of Omni Point; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the issuance of up to 3,000,000 shares of our common stock upon conversion of
Earn-Out Warrants that may be issued to Messrs.&nbsp;Brauser and Hirsch, affiliates of Omni
Point, if certain income thresholds are met by the Omni Point Division.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">See &#147;Proposal 1 &#151; The Omni Point Acquisition&#148; beginning on page 9.

<P align="justify" style="font-size: 10pt"><I>What effects will the proposed issuances of common stock have on stockholders?</I>

<P align="justify" style="font-size: 10pt">The issuances of common stock upon the closing of the proposed acquisition of Omni Point, and upon
conversion of the warrants and the Earn-Out Warrants, if any, would result in a dilution in the
percentage of ownership interest of our existing stockholders.

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">There are currently 12,697,872 shares of our common stock outstanding. If our stockholders approve
Proposal 1, we will issue up to 4,275,000 shares of our common stock to Omni Point at the closing,
which represents approximately 34% of our currently outstanding common stock. In addition, we may
be required to issue up to 1,500,000 shares of our common stock upon conversion of the warrants to
be issued in connection with the proposed acquisition, which represents approximately 12% of our
currently outstanding common stock. Further, we may be required to issue up to an additional
3,000,000 shares of our common stock upon conversion of the Earn-Out Warrants, to the extent we are
required to issue Earn-Out Warrants, which represents approximately 24% of our currently
outstanding common stock.
<DIV align="left"><FONT size="1">

</FONT></DIV>


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<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">Accordingly, if we issue all of the shares of common stock in connection with the proposed
acquisition, we would then have 21,472,872 shares of common stock outstanding, which would then
represent an increase of approximately 69% of our currently outstanding shares of common stock. See
&#147;Proposal 1 &#151; Effect of Stock Issuances&#148; beginning on page 8.
<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="justify" style="font-size: 10pt"><I>Why do stockholders have to approve the issuance of shares of our common stock in connection with
the proposed acquisition of Omni Point?</I>

<P align="justify" style="font-size: 10pt">The rules of the American Stock Exchange (the &#147;AMEX&#148;) require that our stockholders approve the
issuance of more than 20% of our common stock in any acquisition. Because the issuance of shares of
our common stock upon the closing of the proposed acquisition of Omni Point, and issuance of shares
of our common stock upon conversion of the warrants and the Earn-Out Warrants, if any, will exceed
20% of our currently outstanding shares, we are required to seek stockholder approval before we
can close the proposed acquisition and issue those shares. See &#147;Proposal 1 &#151; Stockholder Approval
Required&#148; beginning on page 8.

<P align="justify" style="font-size: 10pt"><I>Why was stockholder approval not required for entering into the Asset Purchase Agreement?</I>

<P align="justify" style="font-size: 10pt">Under Delaware law and the AMEX rules, stockholder approval was not required to enter into the
Asset Purchase Agreement. AMEX rules do require, however, that our stockholders approve the
issuance of shares of our common stock to be issued in connection with the proposed acquisition.
See &#147;Proposal 1 &#151; Stockholder Approval Required&#148; beginning on page 8.

<P align="justify" style="font-size: 10pt"><I>Who is entitled to vote on Proposal 1?</I>

<P align="justify" style="font-size: 10pt">Only the holders of shares of our common stock of record at the close of business on December&nbsp;6,
2004, are entitled to vote on Proposal 1. See &#147;Proposal 1 &#151; Vote Required&#148; beginning on page 9.

<P align="justify" style="font-size: 10pt"><I>What vote is required to approve Proposal 1?</I>

<P align="justify" style="font-size: 10pt">The AMEX rules require that in order to approve the proposal, a majority of the votes cast by our
stockholders is required to approve the proposal. See &#147;Proposal 1 &#151; Vote Required&#148; beginning on
page 9.

<P align="justify" style="font-size: 10pt"><I>Have any stockholders agreed to vote in favor of Proposal 1?</I>

<P align="justify" style="font-size: 10pt">Current stockholders who own approximately 30% of the shares of our common stock have indicated
that they intend to vote in favor of Proposal 1. See &#147;Proposal 1 &#151; The Omni Point Acquisition&#148;
beginning on page 9.

<P align="justify" style="font-size: 10pt"><I>Are there appraisal rights?</I>

<P align="justify" style="font-size: 10pt">Stockholders will not be entitled to appraisal rights under the Delaware General Corporation Law in
connection with the proposed acquisition. See &#147;Proposal 1 &#151; No Appraisal Rights&#148; beginning on
page 16.

<P align="justify" style="font-size: 10pt"><I>What are the tax implications of the proposed acquisition?</I>

<P align="justify" style="font-size: 10pt">We do not anticipate that the proposed acquisition will have any material tax implication to our
company.


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<P align="justify" style="font-size: 10pt"><I>What is the Board of Directors&#146; recommendation on how to vote?</I>

<P align="justify" style="font-size: 10pt">Our Board of Directors unanimously recommends that you vote FOR the approval of Proposal 1. See
&#147;Proposal 1 &#151; Recommendation of the Board of Directors&#148; beginning on page 9.

<P align="justify" style="font-size: 10pt"><B>General Information About the Annual Meeting and Voting</B>

<P align="justify" style="font-size: 10pt"><I>Why did you send me this proxy statement?</I>

<P align="justify" style="font-size: 10pt">We sent you this proxy statement and the enclosed proxy card because our Board of Directors is
soliciting your proxy to vote at the Annual Meeting. This proxy statement summarizes the
information you need to know to vote at the Annual Meeting on December&nbsp;30, 2004, and at any
adjournment of the meeting, for the purposes indicated in the accompanying Notice of Annual Meeting
of Stockholders. However, you do not need to attend the Annual Meeting to vote your shares.
Instead, you may simply complete, sign and return the enclosed proxy card.

<P align="justify" style="font-size: 10pt">This proxy statement and the accompanying proxy card will be mailed to stockholders on or about
December&nbsp;14, 2004.

<P align="justify" style="font-size: 10pt"><I>Who can vote?</I>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">You can vote your shares of common stock if our records show that you owned the shares at the close
of business on December&nbsp;6, 2004. A total of 12,697,872 shares of common stock can vote at the
Annual Meeting. You get one vote for each share of common stock you own.
<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="justify" style="font-size: 10pt"><I>How do I vote by proxy?</I>

<P align="justify" style="font-size: 10pt">Follow the instructions on the enclosed proxy card to vote on each proposal to be considered at the
Annual Meeting. Sign and date the proxy card and mail it back to us in the enclosed envelope. The
proxyholders named on the proxy card will vote your shares as you instruct. If you sign and return
the proxy card but do not vote on a proposal, the proxyholders will vote for you on that proposal.
Unless you instruct otherwise, the proxyholders will vote FOR the issuance of shares of our common
stock in connection with the proposed acquisition of Omni Point, FOR the election as directors of
the nominees named herein, each to serve for a term of one year, or until their successors are duly
elected and qualified, FOR the ratification of the selection of Salberg &#038; Company P.A. as our
independent auditor and will use their judgment to vote FOR or AGAINST any other proposals to be
considered at the Annual Meeting.

<P align="justify" style="font-size: 10pt"><I>What if other matters come up at the Annual Meeting?</I>

<P align="justify" style="font-size: 10pt">The matters described in this proxy statement are the only matters we know will be voted on at the
Annual Meeting. If other matters are properly presented at the meeting, the proxyholders will vote
your shares as they see fit.

<P align="justify" style="font-size: 10pt"><I>Can I change my vote after I return my proxy card?</I>

<P align="justify" style="font-size: 10pt">Yes. At any time before the vote on a proposal, you can change your vote either by giving our
corporate secretary a written notice revoking your proxy card, or by signing, dating and returning
to us a new proxy card, or by attending the Annual Meeting and voting in person. We will honor the
proxy card with the latest date.


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<P align="justify" style="font-size: 10pt"><I>Can I vote in person at the Annual Meeting rather than by completing the proxy card?</I>

<P align="justify" style="font-size: 10pt">Although we encourage you to complete and return the proxy card to ensure that your vote is
counted, you can attend the Annual Meeting and vote your shares in person.

<P align="justify" style="font-size: 10pt"><I>What do I do if my shares are held in &#147;street name&#148;?</I>

<P align="justify" style="font-size: 10pt">If your shares are held in the name of your broker or other nominee, that party should give you
instructions for voting your shares.

<P align="justify" style="font-size: 10pt"><I>How are votes counted?</I>

<P align="justify" style="font-size: 10pt">We will hold the Annual Meeting if holders of a majority of the shares of common stock entitled to
vote either sign and return their proxy cards or attend the Annual Meeting. If you sign and return
your proxy card, your shares will be counted to determine whether we have a quorum even if you
abstain or fail to vote on any of the proposals listed on the proxy card. A majority of the
outstanding shares will constitute a quorum at the meeting.

<P align="justify" style="font-size: 10pt"><I>Who will count the votes?</I>

<P align="justify" style="font-size: 10pt">American Stock Transfer &#038; Trust Company, our transfer agent, will tabulate the returned proxy votes
by mail. An officer of our company will serve as the election inspector and will tabulate the
votes at the meeting. The election inspector will treat shares represented by properly signed and
returned proxies that reflect abstentions from voting as shares that are present and entitled to
vote for purposes of determining the presence of a quorum on all matters.

<P align="justify" style="font-size: 10pt"><I>Who pays for this proxy solicitation?</I>

<P align="justify" style="font-size: 10pt">We do. In addition to sending you these materials, some of our employees may contact you by
telephone, by mail, or in person. None of these employees will receive any extra compensation for
doing this. We may request persons holding shares in their names for others to forward soliciting
materials to our principals to obtain authorization for the execution of proxies, and we will
reimburse such persons for their expenses in so doing.

<P align="justify" style="font-size: 10pt"><I>Who can help answer my questions?</I>

<P align="justify" style="font-size: 10pt">If you have any questions concerning any proposal or the Annual Meeting, or if you would like
additional copies of the proxy statement or if you will need special assistance at the meeting,
please call Steven Bettinger, our Chief Executive Officer, at (561)&nbsp;994-4446.

<P align="justify" style="font-size: 10pt">You are requested, regardless of the number of shares you hold, to sign the attached proxy card and
return it promptly in the enclosed envelope.

<P align="justify" style="font-size: 10pt">The summary information provided above in &#147;question and answer&#148; format is merely a brief
description of material information contained in this proxy statement.


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<DIV align="left">
<A name="104"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>FORWARD-LOOKING STATEMENTS</B>


<P align="justify" style="font-size: 10pt">With the exception of the discussion regarding historical information, this proxy statement
contains forward-looking statements, including statements concerning our future plans following the
acquisition of Omni Point. Such statements inherently involve risks and uncertainties that could
cause actual results to differ materially from the forward-looking statements. Factors that would
cause or contribute to such differences include, but are not limited to, our ability to close the
acquisition of the Omni Point, our inability to integrate the operations of Omni Point into our
operations and to obtain the anticipated benefits of the Omni Point Acquisition, the inability of
management to successfully implement their strategies relating to Omni Point&#146;s eMail Append
Database, our inability to increase sales to current customers and to expand our customer base, and
other risks detailed in our Annual Report on Form 10-KSB that is incorporated by reference into
this proxy statement and being delivered to stockholders simultaneously with this proxy statement.


<P align="center" style="font-size: 10pt">7
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<DIV align="left">
<A name="105"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>PROPOSAL 1</B>



<P align="center" style="font-size: 10pt"><B>APPROVAL OF THE ISSUANCE OF SHARES OF OUR COMMON STOCK,<BR>
IN CONNECTION WITH OUR ACQUISITION OF OMNI POINT MARKETING, LLC</B>



<P align="left" style="font-size: 10pt"><B>General</B>


<P align="justify" style="font-size: 10pt">On October&nbsp;21, 2004, we entered into an Asset Purchase Agreement (the &#147;Asset Purchase Agreement&#148;)
with Omni Point Marketing, LLC, a Florida limited liability company (&#147;Omni Point&#148;) pursuant to
which we agreed to acquire substantially all of the assets of Omni Point (the &#147;Omni Point
Acquisition&#148;) and to assume certain liabilities of Omni Point. Omni Point provides both online and
traditional marketing services to its customers. Most of Omni Point&#146;s revenues are generated by
advertising its customers&#146; products and services to its expansive list of consumers contained in
Omni Point&#146;s eMail Append Database. Omni Point is based in Fort Lauderdale, Florida.


<P align="left" style="font-size: 10pt"><B>Stockholder Approval Required</B>


<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">We are asking stockholders to approve the issuance of the following shares of our common stock in
connection with the Omni Point Acquisition:
<DIV align="left"><FONT size="1">

</FONT></DIV>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>up to 4,275,000 shares to be issued to Omni Point at the closing;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>up to 1,500,000 shares to be issued to Michael Brauser and Scott Hirsch, affiliates
of Omni Point, upon the conversion of warrants to be issued at the closing; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>up to 3,000,000 shares to be issued to Messrs.&nbsp;Brauser and Hirsch, affiliates of
Omni Point, upon the conversion of warrants to be issued as earn-out consideration.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">Section&nbsp;712 of the Listing Standards, Policies and Requirements of the American Stock Exchange (the
&#147;AMEX&#148;) requires stockholder approval prior to listing additional shares to be issued in connection
with an acquisition of the stock or assets of another company, if the issuance of common stock or
securities convertible into common stock could result in an increase in our outstanding common
shares of 20% or more. Because the issuance of shares of our common stock in connection with the
Omni Point Acquisition will exceed 20% of our currently outstanding shares, we are required to seek
stockholder approval of the issuance of our common stock before we can close the proposed
acquisition and issue those shares.

<P align="justify" style="font-size: 10pt"><B>Effect of Stock Issuances</B>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">Upon stockholder approval of Proposal 1, we will issue up to 4,275,000 shares of common stock to
Omni Point, and we will issue warrants to purchase up to an additional 1,500,000 shares of our
common stock, which would, upon conversion, collectively increase our outstanding shares of common
stock by approximately 45%.

<P align="justify" style="font-size: 10pt">In addition, we may issue Earn-Out Warrants to purchase up to 3,000,000 shares of our common stock,
which would, upon conversion, collectively increase our outstanding shares of common stock by
approximately an additional 24%.

<DIV align="left"><FONT size="1">

</FONT></DIV>

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<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">Accordingly, we could issue up to an additional 8,775,000 shares of our common stock in connection
with the Omni Point Acquisition, or approximately 69% of our currently outstanding shares of common
stock, which would result in dilution in the percentage ownership interest of our existing
stockholders.
<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="justify" style="font-size: 10pt"><B>Vote Required</B>

<P align="justify" style="font-size: 10pt">For this Proposal 1 to be approved in accordance with the requirements of the AMEX, the affirmative
vote of a majority of the votes cast by our stockholders, in person or by proxy, on this Proposal 1
is required. Brokers that do not receive instructions are not entitled to vote those shares with
respect to this Proposal 1. Abstentions and broker non-votes will be excluded entirely from the
vote and will have no effect, other than for purposes of determining the presence of a quorum.

<P align="justify" style="font-size: 10pt">Current stockholders who own, as of the record date, approximately 30% of the shares of our common
stock have indicated that they intend to vote in favor of this Proposal 1.

<P align="justify" style="font-size: 10pt"><B>Recommendation of the Board of Directors</B>

<P align="justify" style="font-size: 10pt">The members of our Board of Directors unanimously recommend that you vote FOR the approval of this
Proposal 1.

<P align="justify" style="font-size: 10pt"><B>The Omni Point Acquisition</B>

<P align="justify" style="font-size: 10pt"><I>Overview</I>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">The following information about the Omni Point Acquisition is provided in connection with Proposal
1 described above.
<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="justify" style="font-size: 10pt">As described above, on October&nbsp;21, 2004, we entered into an Asset Purchase Agreement with Omni
Point pursuant to which we agreed to acquire substantially all of the assets of Omni Point and
assume certain liabilities of Omni Point.

<P align="justify" style="font-size: 10pt"><I>Purchase Price</I>

<P align="justify" style="font-size: 10pt">The aggregate purchase price for the assets of Omni Point is:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>$5,400,000 in cash; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>4,275,000 shares of our common stock. Pursuant to the Asset Purchase Agreement,
the 4,275,000 shares payable was determined by dividing an agreed upon amount of
$17,000,000 by $4.00 per share, for a total purchase price of $22,500,000 (the &#147;APA
Purchase Price&#148;).</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">As of November&nbsp;29, 2004, our common stock was valued at $7.39 per share, which would increase the
value of our common stock issued in connection with the acquisition to $31,592,250, for an
aggregate purchase price of $36,992,250.

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">On October&nbsp;15, 2004, we entered into an Escrow Agreement with Omni Point and Omni Point&#146;s legal
counsel, as the escrow agent, pursuant to which we agreed to deposit $5,000,000 in an escrow
account, which is being held and maintained by the escrow agent for payment of the purchase price
at the closing.
<DIV align="left"><FONT size="1">

</FONT></DIV>


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<P align="justify" style="font-size: 10pt">In accordance with the Asset Purchase Agreement, we will defer payment of 10% of the APA Purchase
Price for a period of one year after the closing for the following purposes:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in order to secure indemnity obligations of Omni Point and its owners for any
material breach of the Asset Purchase Agreement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as an offset to certain financial statement adjustments that may be required to make
Omni Point&#146;s financial statements comply with generally accepted accounting principles
after the closing; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>as an offset to the purchase price for any amount by which the working capital of
Omni Point is less than $1,000,000 at the closing.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">The deferred amount will be payable in our common stock.

<P align="justify" style="font-size: 10pt"><I>Warrants</I>

<P align="justify" style="font-size: 10pt">At the closing, we will issue the following warrants to Michael Brauser and Scott Hirsch,
affiliates of Omni Point (to be shared equally):


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a warrant to purchase up to 500,000 shares at an exercise price of $4.00/share;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a warrant to purchase up to 500,000 shares at an exercise price of $5.00/share; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a warrant to purchase up to 500,000 shares at an exercise price of $6.00/share.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">The warrants may be exercised, in whole or in part, at any time prior to 5&nbsp;years from the date of
issuance.

<P align="justify" style="font-size: 10pt"><I>Earn-Out Warrants</I>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">If revenues of our newly created Omni Point Division meet the following income thresholds during
each of the three years beginning on January&nbsp;1, 2005, we will also issue warrants to Messrs.
Brauser and Hirsch as additional consideration in the Omni Point Acquisition, as follows:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If gross revenues of the Omni Point Division of at least $46,000,000 are attained
for the year beginning January&nbsp;1, 2005 and ending December&nbsp;31, 2005, from growth of the
business and not from the acquisition of businesses or acquisition of customer
accounts, we will issue warrants to purchase up to 1,000,000 shares of our common stock
at an exercise price of $8.00/share;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If gross revenues of the Omni Point Division of at least $68,000,000 are attained
for the year beginning January&nbsp;1, 2006 and ending December&nbsp;31, 2006, from growth of the
business and not from the acquisition of businesses or acquisition of customer
accounts, we will issue warrants to purchase up to 1,000,000 shares of our common stock
at an exercise price of $10.00/share; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>If gross revenues of the Omni Point Division of at least $86,000,000 are attained
for the year beginning January&nbsp;1, 2007 and ending December&nbsp;31, 2007, from growth of the
business and not from the acquisition of businesses or acquisition of customer
accounts, we will issue
warrants to purchase up to 1,000,000 shares of our common stock at an exercise price of
$12.00/share.</TD>
</TR>


</TABLE>

<DIV align="left"><FONT size="1">

</FONT></DIV>

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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P align="left" style="font-size: 10pt"><I>Registration Rights</I>


<P align="justify" style="font-size: 10pt">We have agreed to use our reasonable best efforts to file a registration statement with the SEC for
the resale of up to $2,500,000 worth of our shares of common stock issued or issuable in connection
with the Omni Point Acquisition, by no later than March&nbsp;15, 2005.

<P align="justify" style="font-size: 10pt"><I>Background of the Omni Point Acquisition</I>

<P align="justify" style="font-size: 10pt">In early October&nbsp;2004, we commenced negotiations with representatives from Omni Point on the
structure of a transaction whereby we would acquire substantially all of the assets of Omni Point.
At that time, our negotiations focused on the form and amount of the purchase price. Both parties
desired a transaction in which we would issue both cash and shares of our common stock. Our Board
of Directors was interested in pursuing a transaction with this structure since it would require
that we would use less cash and would not incur any debt. The amount of the consideration was
determined by arms-length negotiations between the parties. Factors in those negotiations included
Omni Point&#146;s anticipated cash flow from operations, book value, revenues and prospects and the
price of our common stock.

<P align="justify" style="font-size: 10pt">Following consultation with our respective boards of directors and legal advisors, on October&nbsp;14,
2004, we entered into a letter of intent with Omni Point regarding the acquisition of substantially
all of its assets on the terms described above.

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">After the execution of the letter of intent, we commenced a due diligence investigation of Omni
Point. Representatives of Omni Point, together with their counsel, and our representatives met to
discuss various aspects of the proposed transaction. As a result of these discussions, our due
diligence review and a further analysis of applicable state laws and the AMEX rules, we commenced
drafting and negotiating the Asset Purchase Agreement. After further negotiations and revisions to
the documentation, our Board of Directors discussed the terms of the Asset Purchase Agreement and
related documents, including the representations, warranties, covenants, conditions, termination
events and termination consequences, as well as the structure of the proposed transaction, and
approved the Omni Point Acquisition and authorized our officers to undertake all acts necessary or
desirable to effect the Omni Point Acquisition. The parties then executed the Asset Purchase
Agreement after the market closed on October&nbsp;21, 2004, and publicly announced the transaction on
October&nbsp;25, 2004.
<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="justify" style="font-size: 10pt"><I>Purposes of the Omni Point Acquisition</I>

<P align="justify" style="font-size: 10pt">Our Board of Directors determined that the terms of the Asset Purchase Agreement, which were the
product of arm&#146;s length negotiations between our representatives and Omni Point, were in the best
interests of our stockholders. In reaching this determination, our Board of Directors considered
the following positive factors:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we believe we can integrate our core technology for delivering content over cellular
networks into the Omni Point business model for marketing and advertising;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we believe we can create a new medium for advertising, both permission based and
location based, targeting utilized the cellular data networks globally;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we believe the online marketing sector is favorable and the next generation of
internet marketing is cellular based;</TD>
</TR>

</TABLE>
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<P>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we believe our engineering skills coupled with Omni Point&#146;s rapid growth will
complement our company and expedite our profitability;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>we believe the Omni Point eMail Append Database has an expansive list of consumers,
through which we will be able to market our products, which in turn should have a
positive impact on our revenues; and</TD>
</TR>


<TR>

<TD colspan="5"><DIV align="left"><FONT size="1">

</FONT></DIV></TD></TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the structure of the transaction requires less cash and does not require us to incur
any debt.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><I>Approvals Needed to Complete the Omni Point Acquisition</I>


<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">We were not required to obtain the approval of any regulatory agency in order to enter into the
Asset Purchase Agreement, nor were we required to obtain the approval of our stockholders under
state law or the AMEX rules. AMEX rules do require, however, that our stockholders approve the
issuance of shares of our common stock in connection with the proposed acquisition. If we do not
receive such stockholder approval, we will be unable to close the Omni Point Acquisition.
<DIV align="left"><FONT size="1">

</FONT></DIV>

<P align="justify" style="font-size: 10pt"><I>Other Provisions of the Asset Purchase Agreement and Related Agreements</I>

<P align="justify" style="font-size: 10pt">The following discussion of the material terms and conditions of the Asset Purchase Agreement is
qualified in its entirety by reference to the provisions of the Asset Purchase Agreement, which is
attached to this proxy statement as Annex A and is incorporated herein by reference.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Purchased Assets</I>

<P align="justify" style="font-size: 10pt">At the closing, we will acquire all of Omni Point&#146;s interests in and to its assets, properties and
business, whether real, personal or mixed, tangible or intangible, including, but not limited to,
all of Omni Point&#146;s:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights in and to its eMail Append Database, including all information contained therein;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>tangible personal property, whether owned or leased;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>customer accounts and customer contracts;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>rights accruing under any dealer, sales or service agreements;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>cash and cash equivalents and investments, whether short-term or long-term;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>prepaid and deferred items relating to its operations;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>receivables;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>interests and rights under its equipment leases;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>intellectual property and other similar intangible property rights relating to its business;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>licenses and permits, to the extent assignable, issued or used in connection with
the business;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>books and records; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>interests, rights and benefits accruing as lessee under its real property leases.</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">12
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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Excluded Assets</I>

<P align="justify" style="font-size: 10pt">We will not acquire the organizational records and ownership records of Omni Point, or the stock of
Omni Point&#146;s subsidiaries, if any.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Assumed Liabilities</I>

<P align="justify" style="font-size: 10pt">At the closing, we will assume all of Omni Point&#146;s liabilities, obligations and duties with
respect to Omni Point&#146;s:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>customer contracts;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>equipment leases;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>real property leases; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>current liabilities of Omni Point reflected on its balance sheet, dated as of
September&nbsp;30, 2004, including tax accruals for sales, employee withholding and payroll
taxes.</TD>
</TR>

</TABLE>

<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Excluded Liabilities</I>

<P align="justify" style="font-size: 10pt">We will not assume any other obligations or liabilities of Omni Point, including, but not limited
to any:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>indebtedness;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>tax liabilities;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>environmental liabilities;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>liabilities for any default under any of the assumed liabilities that existed prior
to the closing;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>liabilities for violation of any laws by Omni Point or its owners prior to the closing;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>liabilities arising out of any employee benefit plan or any other plans;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>liabilities of Omni Point or its owners with respect to the excluded assets; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>liabilities of Omni Point to its owners or affiliates, whether by contract, pursuant
to law, or otherwise.</TD>
</TR>

</TABLE>

<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Representations and Warranties</I>

<P align="justify" style="font-size: 10pt">The Asset Purchase Agreement contains customary representations and warranties from each of the
parties relating to, among other things, their organization, corporate status, capitalization,
power and authority relative to the Asset Purchase Agreement and absence of conflicts. In
addition, Omni Point and its owners made representations and warranties to us relating to their
financial statements, absence of


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<P align="justify" style="font-size: 10pt">undisclosed liabilities and indebtedness, litigation matters, environmental matters, ownership of
real property, title to assets, compliance with laws, labor and employment matters, employee
benefit plans, tax matters, insurance matters, receivables, intellectual property, contracts,
accuracy as to furnished information, customers, product warranties and related party transactions.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Non-competition and Non-solicitation Covenants</I>

<P align="justify" style="font-size: 10pt">Omni Point and its owners agreed that they will not, for a period of 5&nbsp;years following the closing:
(i)&nbsp;compete with us; (ii)&nbsp;solicit any customers acquired by us under the Asset Purchase Agreement;
(iii)&nbsp;solicit any persons employed by us; or (iv)&nbsp;in any way use any of the intellectual or
proprietary rights acquired by us under the Asset Purchase Agreement. In addition, the owners of
Omni Point agreed to deliver non-competition agreements at the closing.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Conditions to Close and Ancillary Agreements</I>

<P align="justify" style="font-size: 10pt">The respective obligations of the parties to consummate the Omni Point Acquisition are conditioned
on the satisfaction or occurrence of certain closing conditions, including, but not limited to, our
obtaining the required approval of our stockholders to issue the shares of our common stock, the
absence of any material adverse changes in the purchased assets or business, delivery of copies of
resolutions by our Board of Directors and the owners of Omni Point approving the transaction, and
the receipt of all necessary approvals and consents required to consummate the transaction.

<P align="justify" style="font-size: 10pt">In addition, the respective parties must deliver certain documents and ancillary agreements at the
closing, including, but not limited to, the following:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>payoff and estoppel letters from all the holders of any indebtedness of Omni Point,
including UCC-3 termination statements and other appropriate satisfactions and
releases;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a 3&nbsp;year employment agreement with Scott Hirsch; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a stockholders&#146; agreement, by and among, Steven Bettinger and Messrs.&nbsp;Brauser and
Hirsch, providing that if Mr.&nbsp;Bettinger proposes to sell, either in a single
transaction or in a series of related transactions during any calendar year, more than
33% of the shares of our common stock then owned by him, he will allow Messrs.&nbsp;Brauser
and Hirsch to participate in such sale, on a pro rata basis, on the same terms and
conditions. The stockholders&#146; agreement will terminate after 7&nbsp;years, or upon the
occurrence of any of the following events: (i)&nbsp;a merger, combination, sale and/or
reorganization of our company; (ii)&nbsp;the cessation of our business; (iii)&nbsp;the
bankruptcy, receivership or dissolution of our company; or (iv)&nbsp;registration of all of
our shares of common stock owned by Messrs.&nbsp;Brauser and Hirsch under the Securities Act
of 1933, as amended.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">The closing of the Omni Point Acquisition will be held promptly after approval by our stockholders
to issue shares of our common stock and the satisfaction of all other conditions to closing.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Additional Members to be Appointed to the Board of Directors</I>

<P align="justify" style="font-size: 10pt">Pursuant to the Asset Purchase Agreement we are required to nominate and appoint Messrs.&nbsp;Brauser
and Hirsch as additional members of the Board of Directors. In addition, Mr.&nbsp;Brauser is permitted
to nominate and elect 2 additional board members to the Board of Directors upon our prior consent.


<P align="center" style="font-size: 10pt">14
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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification</I>

<P align="justify" style="font-size: 10pt">In accordance with the Asset Purchase Agreement, we will defer payment of 10% of the APA Purchase
Price for a period of one year after the closing to in order to, among other things, secure
indemnity obligations of Omni Point and its owners for any material breach of the Asset Purchase
Agreement. The deferred amount will be payable in our common stock.

<P align="justify" style="font-size: 10pt">Omni Point and its owners have agreed to indemnify us for any losses and claims against us arising
from any:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>breach of a representation, warranty or certification made by Omni Point or its
owners in the Asset Purchase Agreement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>breach of the covenants or agreements made by Omni Point or its owners in the Asset
Purchase Agreement,</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>liability or obligation of Omni Point, resulting from Omni Point&#146;s ownership or
operation of the purchased assets or the business prior to the closing;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>environmental liabilities;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>litigation matters not covered by insurance;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>violations of law by Omni Point or its owners; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>employee benefit plans liabilities.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">We are not entitled to receive any indemnifiable damages from Omni Point and its owners unless the
aggregate amount of such damages exceeds $25,000, in which case we will be entitled to the full
amount in excess of the $25,000. The total amount of any indemnifiable damages that any owner of
Omni Point may be required to pay is limited to the amount of the purchase price received by such
owner, and such owner may pay any indemnifiable damages for which such owner is liable with shares
of our common stock, which would be valued at $4.00 per share. The minimum indemnifiable damages
threshold and maximum indemnifiable damages cap will not apply to any damages resulting from the
excluded liabilities or any liability or obligation of Omni Point (other than the assumed
liabilities) arising prior to closing.

<P align="justify" style="font-size: 10pt">We have agreed to indemnify Omni Point and its owners for any losses and claims against them
arising from any breach of:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>a representation, warranty or certification made by us in the Asset Purchase
Agreement; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>the covenants or agreements made by us in the Asset Purchase Agreement.</TD>
</TR>

</TABLE>

<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No Solicitation of Competing Proposals</I>

<P align="justify" style="font-size: 10pt">Omni Point has agreed that it will not solicit or encourage any competing acquisition proposals.


<P align="center" style="font-size: 10pt">15
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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination and Breakup Fee</I>

<P align="justify" style="font-size: 10pt">The Asset Purchase Agreement may be terminated at any time prior to the closing as follows:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by mutual written consent of the parties at any time prior to the closing;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by us, in the event: (i)&nbsp;of a material breach by Omni Point or any of its owners of
any provision of the Asset Purchase Agreement, which is not cured within 5&nbsp;days of
receipt of written notice from us; or (ii)&nbsp;if Omni Point or its owners fail to satisfy
their conditions to close or they are not prepared to close the acquisition within 30
days of receipt of all approvals, consents or authorizations of the SEC, the AMEX and
our stockholders; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>by Omni Point, in the event: (i)&nbsp;of a material breach by us of any provision of the
Asset Purchase Agreement, which is not cured within 5&nbsp;days of receipt of written notice
from Omni Point; (ii)&nbsp;we fail to satisfy our conditions to close or we are not prepared
to close the acquisition within 30&nbsp;days of receipt of all approvals, consents or
authorizations of the SEC, the AMEX and our stockholders.</TD>
</TR>

</TABLE>
<P align="justify" style="font-size: 10pt">In the event the Asset Purchase Agreement is terminated as a result of a material breach by either
party (or either party fails to satisfy any conditions to close), the breaching party will be
required to pay the non-breaching party $1,000,000.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Accounting Treatment of the Omni Point Acquisition</I>

<P align="justify" style="font-size: 10pt">We will account for the Omni Point Acquisition using the purchase method of accounting in
accordance with SFAS No.&nbsp;141. In July&nbsp;2001, the Financial Accounting Standards Board (FASB)&nbsp;issued
Statement of Financial Accounting Standards (FAS)&nbsp;No.&nbsp;141, Business Combinations, and FAS 142,
Goodwill and Intangible Assets. FAS 141 requires the application of the purchase method of
accounting for all business combinations. Major provisions of FAS 142 require intangible assets
acquired in a business combination to be recorded separately from goodwill if they arise from
contractual or other legal rights or are separable from the acquired entity and can be sold,
transferred, licensed, rented or exchanged, either individually or as part of a related contract,
asset or liability. In addition, goodwill, as well as intangible assets with indefinite lives, is
no longer subject to amortization. Finally, goodwill and intangible assets with indefinite lives
are tested for impairment annually and whenever there is an impairment indicator.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Certain Federal Income Tax Consequences</I>

<P align="justify" style="font-size: 10pt">We do not anticipate that the proposed acquisition will have any material tax implication to our
company.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No Appraisal Rights</I>

<P align="justify" style="font-size: 10pt">Under Delaware law, stockholders will not have the opportunity to dissent from the actions
described herein or to receive an agreed or judicially appraised value for their shares.


<P align="center" style="font-size: 10pt">16
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<DIV align="left">
<A name="106"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>UNAUDITED PRO FORMA FINANCIAL INFORMATION</B>


<P align="justify" style="font-size: 10pt">The following unaudited pro forma consolidated balance sheets and statements of operations reflect
the Omni Point Acquisition. The statements are derived from and should be read in conjunction with
our historical financial statements and notes thereto, as presented in our Annual Report on Form
10-KSB for the fiscal year ended June&nbsp;30, 2004, which is being delivered simultaneously with this
proxy statement.

<P align="justify" style="font-size: 10pt">The unaudited pro forma balance sheets as of June&nbsp;30, 2004 and September&nbsp;30, 2004 and the unaudited
pro forma statements of operations for the year ended June&nbsp;30, 2004 and for the three months ended
September&nbsp;30, 2004 do not purport to represent what our consolidated financial position or the
consolidated results of operations would actually have been had the Omni Point Acquisition been
completed at the beginning of the periods presented, nor do they purport to project our financial
position or results of operations for any future period or as of any date.

<P align="justify" style="font-size: 10pt">These pro forma financial statements are presented for illustrative purposes only. The pro forma
adjustments are based upon available information and assumptions that management believes are
reasonable.


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<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt">CENUCO, INC. AND SUBSIDIARIES<BR>
PRO FORMA CONSOLIDATED BALANCE SHEET<BR>
June&nbsp;30, 2004<BR>
(Unaudited)



<DIV align="center">
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    <TD nowrap align="center" colspan="3"><B>Cenuco, Inc.</B></TD>
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    <TD nowrap align="center" colspan="7"><B>Pro Forma Adjustments</B><HR size="1" noshade></TD>
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    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
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    <TD nowrap align="center" colspan="3"><B>and</B></TD>
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    <TD nowrap align="center" colspan="3"><B>Omnipoint</B></TD>
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    <TD nowrap align="center" colspan="3"><B>Pro Forma</B></TD>
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<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Subsidiaries</B><HR size="1" noshade></TD>
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    <TD nowrap align="center" colspan="3"><B>Marketing, LLC.</B><HR size="1" noshade></TD>
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    <TD nowrap align="center" colspan="3"><B>Dr</B><HR size="1" noshade></TD>
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    <TD nowrap align="center" colspan="3"><B>Cr.</B><HR size="1" noshade></TD>
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    <TD nowrap align="center" colspan="3"><B>Amount</B><HR size="1" noshade></TD>
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<TR style="font-size: 8pt" valign="bottom">
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    <TD nowrap align="center" colspan="3"><B>(See note 1)</B></TD>
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    <TD nowrap align="center" colspan="3"><B>(Unaudited)</B></TD>
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    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px">ASSETS</DIV></TD>
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<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">CURRENT ASSETS:</DIV></TD>
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<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash and Cash Equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">306,318</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">60,939</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">10,002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">357,255</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Short-term Investment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,389,998</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,389,998</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accounts Receivable, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26,936</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,282,291</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD>&nbsp;</TD>
    <TD align="right">1,309,227</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,282</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD align="right">18,282</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Assets of Discontinued Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,236,987</TD>
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    <TD align="right">&#151;</TD>
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    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD align="right">&#151;</TD>
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    <TD align="right">1,236,987</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other Current Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,316</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">135,399</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD align="right">207,715</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Current Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,050,837</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,478,629</TD>
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    <TD align="right">5,400,000</TD>
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    <TD align="right">3,129,466</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">PROPERTY AND EQUIPMENT:</DIV></TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Computer Equipment and Software</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">220,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">818,973</TD>
    <TD>&nbsp;</TD>
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    <TD align="right">&#151;</TD>
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    <TD align="right">&#151;</TD>
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    <TD align="right">1,039,111</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Furniture, Fixtures and Office Equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,699</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">335,347</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
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    <TD align="right">386,046</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Leasehold Improvements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,051</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,686</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="right">&#151;</TD>
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    <TD align="right">&#151;</TD>
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    <TD align="right">124,737</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">273,888</TD>
    <TD>&nbsp;</TD>
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    <TD>&nbsp;</TD>
    <TD align="right">1,276,006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
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    <TD align="right">&#151;</TD>
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    <TD align="right">&#151;</TD>
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    <TD>&nbsp;</TD>
    <TD align="right">1,549,894</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Less: Accumulated Depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(145,836</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(179,193</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
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    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
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    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(325,029</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
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    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
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</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Property and Equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">128,052</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,096,813</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,224,865</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OTHER ASSETS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Intangibles, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">823,527</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,009,469</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,832,996</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Security Deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,642</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,642</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Other Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,642</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">823,527</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,009,469</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,841,638</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,187,531</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">3,398,969</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">27,009,469</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,400,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">32,195,969</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px">LIABILITIES AND STOCKHOLDERS&#146; EQUITY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">CURRENT LIABILITIES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accounts Payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">131,617</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">240,907</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">372,524</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Unearned Revenues</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,667</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Customer Deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">387,066</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">387,066</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Liabilities of Discontinued Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,314,656</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,314,656</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other Accrued Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">126,759</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">440,465</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">567,224</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Current Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,576,699</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,068,438</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,645,137</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">LONG-TERM LIABILITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,576,699</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,068,438</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,645,137</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">STOCKHOLDERS&#146; EQUITY:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Preferred Stock
($.001 Par Value; 1,000,000
Shares Authorized; No Shares
Issued and Outstanding)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock
($.001 Par Value; 25,000,000
Shares Authorized; 12,137,271
Shares Issued and Outstanding)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,137</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,275</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,412</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Common Stock Issuable
(13,036 shares)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Additional Paid-in Capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,247,263</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,330,531</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(a)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,605,194</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34,182,988</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accumulated Deficit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(5,233,400</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(5,233,400</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Deferred Consulting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(415,181</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(415,181</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Stockholders&#146;
Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,610,832</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,330,531</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,609,469</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,550,832</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Liabilities and
Stockholders&#146; Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,187,531</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">3,398,969</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">21,609,469</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">32,195,969</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">See accompanying notes to unaudited pro forma consolidated financial statements.



<P align="center" style="font-size: 10pt">18
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt">CENUCO, INC. AND SUBSIDIARIES<BR>
PRO FORMA CONSOLIDATED BALANCE SHEET<BR>
September&nbsp;30, 2004<BR>
(Unaudited)


<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="37%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cenuco, Inc.</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Pro Forma Adjustments</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>and</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Omnipoint</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Pro Forma</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Subsidiaries</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Marketing, LLC.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Dr</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cr.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amount</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(Unaudited)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(Unaudited)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><B>(See note 1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px">ASSETS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">CURRENT ASSETS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash and Cash Equivalents</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">97,426</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">400,579</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(b)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">196,803</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">301,202</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Short-term Investment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,203,197</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(b)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,203,197</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Note Receivable &#151; Current
Portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,852</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,852</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accounts Receivable, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,454,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,454,943</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Inventories</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,420</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">69,420</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Receivable from Sale of
Business</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">300,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other Current Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99,722</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">143,443</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">243,165</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Current Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,843,737</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,998,845</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,400,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,442,582</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">PROPERTY AND EQUIPMENT:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Computer Equipment and
Software</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">222,138</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">695,364</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">917,502</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Furniture, Fixtures and
Office Equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">50,699</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">335,346</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">386,045</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Leasehold Improvements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,051</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,686</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">124,737</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">275,888</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,152,396</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,428,284</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Less: Accumulated
Depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(155,244</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(218,289</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(373,533</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Property and
Equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">120,644</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">934,107</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,054,751</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OTHER ASSETS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Intangibles, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">817,287</TD>
    <TD>(b)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,874,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,691,570</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Note Receivable, less
current portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">626,148</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">626,148</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Security Deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,642</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,966</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,608</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Other Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">634,790</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">996,253</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,874,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,505,326</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,599,171</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4,929,205</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">19,874,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">5,400,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">26,002,659</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px">LIABILITIES AND STOCKHOLDERS&#146; EQUITY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">CURRENT LIABILITIES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accounts Payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">117,174</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">491,553</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">608,727</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Unearned Revenues</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">917</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">917</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Customer Deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">326,332</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">326,332</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net Liabilities of
Discontinued Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other Accrued Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">212,660</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">669,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">882,500</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Current Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">330,751</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,487,725</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,818,476</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">LONG-TERM LIABILITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">200,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">174,513</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">374,513</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">530,751</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,662,238</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,192,989</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">STOCKHOLDERS&#146; EQUITY:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Preferred Stock
($.001 Par Value; 1,000,000
Shares Authorized;
No Shares Issued and Outstanding)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Common Stock
($.001 Par Value; 25,000,000
Shares Authorized;
12,247,271 Shares Issued and
Outstanding)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,247</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(b)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,275</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,522</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Common Stock Issuable
(47,301 shares)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">47</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Additional Paid-in Capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,480,259</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,266,967</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD nowrap>(b)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,470,008</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,217,234</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accumulated Deficit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(4,200,574</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(4,200,574</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Deferred Consulting</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(223,559</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(223,559</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Stockholders&#146;
Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,068,420</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,266,967</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,474,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,809,670</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Liabilities and
Stockholders&#146; Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,599,171</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4,929,205</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">14,474,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">26,002,659</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P align="left" style="font-size: 10pt">See accompanying notes to unaudited pro forma consolidated financial statements.



<P align="center" style="font-size: 10pt">19
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt">CENUCO, INC. AND SUBSIDIARIES<BR>
PROFORMA CONSOLIDATED STATEMENT OF OPERATIONS<BR>
For the Periods Ended June&nbsp;30, 2004<BR>
(Unaudited)


<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="43%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cenuco, Inc.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>and</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Omnipoint</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Subsidiaries</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Marketing, LLC</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>For the</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>For the period</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="bottom" colspan="3"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" valign="bottom" colspan="3"><B>from</B></TD>
    <TD nowrap align="center" valign="bottom" colspan="7"><B>&nbsp;</B></TD>
</TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 15,</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><b>Pro Forma Adjustments</b></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3">&nbsp;</TD>
    </TR>

<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>June 30,</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2003 to</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><hr size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Pro Forma</B></TD>
</TR>



<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>June 30, 2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Dr</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cr.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amounts</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(See Note 1)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(Unaudited)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">NET REVENUES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Wireless Products and Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">176,701</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">176,701</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Marketing Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,307,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,307,840</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">NET REVENUES
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">176,701</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,307,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,484,541</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">COST OF SALES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Cost of Equipment Sales &#151; Wireless
Products and Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,019</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Cost of Sales &#150; Marketing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,240,136</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,240,136</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">TOTAL COST OF SALES
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,019</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,240,136</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,267,155</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">GROSS PROFIT
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">149,682</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,067,704</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,217,386</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OPERATING EXPENSES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Research and Development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,163</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">30,163</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Bad Debt Expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,195</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136,098</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141,293</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Selling and Promotion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">166,367</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,198,303</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,364,670</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">General and Administrative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,312,437</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,678,374</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,990,811</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Impairment Loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">884,028</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,352</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,071,380</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Total Operating Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,398,190</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,200,127</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,598,317</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">LOSS FROM OPERATIONS
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(4,248,508</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(132,423</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(4,380,931</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OTHER INCOME (EXPENSE):</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Other Income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">118,503</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">118,503</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Interest Income (Expense), net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,956</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(10,428</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,528</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Total Other Income, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,956</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">108,075</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">130,031</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">LOSS BEFORE DISCONTINUED OPERATIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(4,226,552</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(24,348</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(4,250,900</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DISCONTINUED OPERATIONS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income from Discontinued Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">604,628</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">604,628</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Total Income from Discontinued
Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">604,628</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">604,628</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">NET LOSS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(3,621,924</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(24,348</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(3,646,272</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">INCOME
(LOSS)&nbsp;PER COMMON SHARE- BASIC<BR>
Loss from continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.42</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.30</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net loss per common share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.36</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.25</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">INCOME (LOSS)&nbsp;PER COMMON SHARE &#150; DILUTED</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Loss from continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.42</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.30</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.06</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.04</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net income (loss)&nbsp;per common share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.36</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.25</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Pro Forma Weighted Common Shares
Outstanding &#151; Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,047,698</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,322,698</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Pro Forma Weighted Common Shares
Outstanding &#151; Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,047,698</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,322,698</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">See accompanying notes to unaudited pro forma consolidated financial statements.



<P align="center" style="font-size: 10pt">20
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt">CENUCO, INC. AND SUBSIDIARIES<BR>
PROFORMA CONSOLIDATED STATEMENT OF OPERATIONS<BR>
For the Three Months Ended September&nbsp;30, 2004<BR>
(Unaudited)


<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="46%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cenuco, Inc.</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>and</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Omnipoint</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Subsidiaries</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Marketing, LLC</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>For the Three</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>For the Three</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Pro Forma Adjustments</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Months Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Months Ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30,</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Pro Forma</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Dr</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cr.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Amounts</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(Unaudited)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(Unaudited)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><B>(See note 1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">NET REVENUES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Wireless Products and Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,501</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,501</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Marketing Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,801,271</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,801,271</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">NET REVENUES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,501</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,801,271</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,802,772</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">COST OF SALES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Cost of Equipment Sales &#151; Wireless
Products and Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,323</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,323</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Cost of Sales &#151; Marketing</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">521,616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">521,616</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">TOTAL COST OF SALES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,323</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">521,616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">524,939</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">GROSS PROFIT</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(1,822</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,279,655</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,277,833</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OPERATING EXPENSES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Research and Development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,018</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,018</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Bad Debt Expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,343</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">297,059</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">317,402</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Selling and Promotion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">99,285</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,185,154</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,284,439</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">General and Administrative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">773,179</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">634,766</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,407,945</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Impairment Loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63,371</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63,371</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Total Operating Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">897,825</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,180,350</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,078,175</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">INCOME (LOSS)&nbsp;FROM OPERATIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(899,647</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,099,305</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">199,658</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">OTHER INCOME:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Other Income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,841</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,841</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Interest Income (Expense), net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(6,718</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,485</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Total Other Income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,203</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">40,123</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">53,326</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">INCOME (LOSS)&nbsp;BEFORE DISCONTINUED
OPERATIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(886,444</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,139,428</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">252,984</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">DISCONTINUED OPERATIONS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income from Discontinued Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,919,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,919,270</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:50px; text-indent:-10px">Total Income from Discontinued
Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,919,270</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,919,270</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">NET INCOME</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,032,826</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,139,428</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2,172,254</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">INCOME (LOSS)&nbsp;PER COMMON SHARE- BASIC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income (loss)&nbsp;from continuing
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.07</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.01</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.12</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net income per common share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.09</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.13</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">INCOME (LOSS)&nbsp;PER COMMON SHARE &#151; DILUTED</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income (loss)&nbsp;from continuing
operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(0.06</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.01</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Income from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.14</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.11</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net income per common share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">0.12</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Pro Forma Weighted Common Shares
Outstanding &#151; Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,226,753</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16,501,753</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Pro Forma Weighted Common Shares
Outstanding &#151; Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,952,665</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,227,665</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">See accompanying notes to unaudited pro forma consolidated financial statements.



<P align="center" style="font-size: 10pt">21
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt">CENUCO, INC. AND SUBSIDIARIES<BR>
NOTES TO THE UNAUDITED PRO FORMA FINANCIAL STATEMENTS


<P align="left" style="font-size: 10pt">NOTE 1 &#150; BASIS OF PRESENTATION OF PRO FORMA FINANCIAL INFORMATION


<P align="left" style="font-size: 10pt">As of June&nbsp;30, 2004 and for the year ended June&nbsp;30, 2004, certain reclassifications have been made
to our consolidated balance sheets and consolidated statements of operations to reflect the
discontinuation of our distance learning business operations.


<P align="left" style="font-size: 10pt">Additionally, certain amounts in our consolidated financials statements for the three months ended
September&nbsp;30, 2004 and for the year ended June&nbsp;30, 2004 have been reclassified to conform with the
pro forma presentation.


<P align="left" style="font-size: 10pt">For basic and diluted earnings (loss)&nbsp;per share calculations, the 4,275,000 common shares to be
issued in connection with the Omni Point Acquisition are assumed to be issued and outstanding as of
the beginning of the periods presented.


<P align="left" style="font-size: 10pt">NOTE 2 &#150; PRO FORMA ADJUSTMENTS


<P align="left" style="font-size: 10pt">The adjustments to the unaudited pro forma balance sheet as of June&nbsp;30, 2004 and as of September
30, 2004 and the unaudited pro forma statement of operations for the year ended June&nbsp;30, 2004 and
for the three months ended September&nbsp;30, 2004 reflect our acquisition of the net assets of Omni
Point, and that the transaction occurred as of the beginning of the periods presented and are as
follows:


<P align="left" style="font-size: 10pt">(a)&nbsp;At June&nbsp;30, 2004, the pro forma adjustment reflects the Omni Point Acquisition for cash of
$5,400,000 and 4,275,000 shares of common stock valued at the quoted trading price on June&nbsp;30, 2004
of $5.60 per share.


<P align="left" style="font-size: 10pt">(b)&nbsp;At September&nbsp;30, 2004, the pro forma adjustment reflects the Omni Point Acquisition for cash of
$5,400,000 and 4,275,000 shares of common stock valued at the quoted trading price on September&nbsp;30,
2004 of $4.15 per share.


<P align="left" style="font-size: 10pt">Unaudited pro Forma adjustments reflect the following transaction:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="78%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Dr.</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Cr.</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">(a)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,009,469</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash and short-term investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,002</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Short-term investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,389,998</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,275</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Additional paid-in capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,605,194</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD>At June&nbsp;30, 2004, to reflect the Omni Point Acquisition for cash of $5,400,000 and
4,275,000 shares of common stock valued at the quoted trading price on June&nbsp;30, 2004 of
$5.60 per share.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">(b)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash and short-term investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,874,283</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Short-term investments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">196,803</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Common stock</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,203,197</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Paid-in capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,275</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,470,008</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD>At September&nbsp;30, 2004, to reflect the Omni Point Acquisition for cash of $5,400,000 and
4,275,000 shares of common stock valued at the quoted trading price on June&nbsp;30, 2004 of
$4.15 per share.</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">22
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left">
<A name="107"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>FINANCIAL STATEMENTS OF OMNI POINT MARKETING, LLC</B>



<P align="center" style="font-size: 10pt"><IMG src="g92218g9221801.gif" alt="McKean Paul, Chrycy Fletcher &#038; Co Logo">


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%"></TD>
    <TD width="5%"></TD>
    <TD width="47%"></TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="left" valign="top">6401 Southwest 87<SUP>th</SUP> Avenue<BR>
Suite&nbsp;210<BR>
Miami, FL 33173
</TD>
    <TD>&nbsp;</TD>
    <TD align="right" valign="top">Phone (305)&nbsp;270-0880<BR>
Fax (305)&nbsp;598-1011<BR>
www.mpcf.com</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><B>Report of Independent Certified Public Accountants</B>



<P align="left" style="font-size: 10pt">To the Members of<BR>
Omnipoint Marketing, LLC:

<P align="left" style="font-size: 10pt">We have audited the accompanying balance sheet of Omnipoint Marketing, LLC (a Florida limited
liability company) (the &#147;Company&#148;) as of December&nbsp;31, 2003, and the related statements of
operations, members&#146; equity and cash flows from September&nbsp;15, 2003 to December&nbsp;31, 2003. These
financial statements are the responsibility of the Company&#146;s management. Our responsibility is to
express an opinion on these financial statements based on our audit.


<P align="left" style="font-size: 10pt">We conducted our audit in accordance with auditing standards generally accepted in the United
States of America. 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 consideration of internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the Company&#146;s internal control over financial reporting.
Accordingly, we express no such opinion. 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 audit provides a reasonable basis for our
opinion.


<P align="left" style="font-size: 10pt">In our opinion, the financial statements referred to above present fairly, in all material
respects, the financial position of Omnipoint Marketing, LLC as of December&nbsp;31, 2003, and the
results of its operations and its cash flows from September&nbsp;15, 2003 to December&nbsp;31, 2003 in
conformity with accounting principles generally accepted in the United States of America.


<P align="left" style="font-size: 10pt">The financial statements as of and for the nine months ended September&nbsp;30, 2004 are presented for
purposes of additional analysis, but we have not performed any auditing procedures in connection
with those statements.



<P align="left" style="font-size: 10pt">McKEAN, PAUL, CHRYCY, FLETCHER &#038; CO.



<P align="left" style="font-size: 10pt">Miami, Florida,<BR>
November&nbsp;19, 2004


<P align="center" style="font-size: 10pt">23
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="center" style="font-size: 10pt"><B>OMNIPOINT MARKETING, LLC<BR>
BALANCE SHEETS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30, 2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>December 31, 2003</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><B>(UNAUDITED)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><U>ASSETS</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Current Assets:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">400,579</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">213,943</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accounts receivable, less allowance for
doubtful accounts $379,345 and
$136,098, respectively</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,454,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,119</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Due from members</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">48,317</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38,071</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Prepaid expenses and other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">95,126</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">133,298</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,998,845</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">485,431</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Property and Equipment, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">934,107</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,052,471</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Intangibles, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">817,287</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">292,442</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">178,966</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,966</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4,929,205</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,859,310</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center"><DIV style="margin-left:10px; text-indent:-10px"><U>LIABILITIES AND MEMBERS&#146; EQUITY</U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Current Liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">695,587</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">491,553</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">338,956</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Accrued expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">669,840</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">198,676</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Customer deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">326,332</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">41,550</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,487,725</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,274,769</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Other Liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">174,513</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,952</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Members&#146; Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,266,967</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">528,589</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Total Liabilities and Members&#146; Equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">4,929,205</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,859,310</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">The accompanying notes to financial statements are an integral part of these statements.



<P align="center" style="font-size: 10pt">24
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt"><B>OMNIPOINT MARKETING, LLC<BR>
STATEMENTS OF OPERATIONS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="62%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>For the nine</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 15, 2003</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>to December 31,</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30, 2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>2003</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><B>(UNAUDITED)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Revenues, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">7,527,601</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,581,510</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Cost of revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,366,547</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">395,205</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Gross Profit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,161,054</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,186,305</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Selling Expenses:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Salaries and commissions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,333,714</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">666,318</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Advertising and trade shows</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">293,542</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">89,883</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,627,256</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">756,201</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">General and Administrative Expenses:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Bad debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">297,059</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136,098</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Salaries</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">391,830</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">276,479</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Depreciation and amortization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">408,779</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86,404</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Professional fees</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">267,611</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">74,309</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Travel and entertainment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">83,990</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">61,046</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Rent and occupancy</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170,147</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">56,716</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Telephone</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141,415</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">35,860</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Office supplies</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">46,708</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">28,562</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Employee benefits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">93,007</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24,298</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other general and administrative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82,490</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">141,822</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,983,036</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">921,594</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Operating Income (Loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,550,762</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(491,490</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Other Income (Expenses):</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Interest expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(6,718</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(10,428</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Other income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">162,705</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,639</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Asset impairment charge</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(63,371</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(187,352</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">92,616</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(195,141</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Net Income (Loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,643,378</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(686,631</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">The accompanying notes to financial statements are an integral part of these statements.



<P align="center" style="font-size: 10pt">25
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt"><B>OMNIPOINT MARKETING, LLC<BR>
STATEMENTS OF MEMBERS&#146; EQUITY<BR>
FROM SEPTEMBER 15, 2003 TO DECEMBER 31, 2003<BR>
AND THE NINE MONTHS ENDED SEPTEMBER 30, 2004</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="73%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="11%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Balance &#150; September&nbsp;15, 2003</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">638,950</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Member contributions &#151; cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">517,937</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Member contributions &#151; services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58,333</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net loss for the period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(686,631</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Balance &#150; December&nbsp;31, 2003</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">528,589</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px"><U><B>(UNAUDITED)</B></U></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Member contributions &#151; cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,145,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Member draws</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(50,000</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net income for the period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,643,378</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Balance &#150; September&nbsp;30, 2004</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">3,266,967</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">The accompanying notes to financial statements are an integral part of these statements.



<P align="center" style="font-size: 10pt">26
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt"><B>OMNIPOINT MARKETING, LLC<BR>
STATEMENTS OF CASH FLOWS</B>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="69%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>For the nine</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>months ended</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 15, 2003 to</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30, 2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>December 31, 2003</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="3"><B>(UNAUDITED)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Cash Flows From Operating Activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Net income (loss)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,643,378</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">(686,631</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Adjustments to reconcile net loss to net cash used in
operating activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Depreciation and amortization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">408,779</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">86,404</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Provision for bad debt</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">297,059</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136,098</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Asset impairment charges</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">63,371</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,352</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Gain on extinguishment of notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(162,705</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Changes in assets and liabilities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Accounts receivable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(2,651,763</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(79,280</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Due from members</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(10,246</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">284,429</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Prepaid expenses and other assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(111,828</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(134,384</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Accounts payable, accrued expenses and customer deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">908,543</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">360,553</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-10px">Other liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">118,561</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">55,952</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Net cash provided by operating activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">503,149</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">210,493</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Cash Flows From Investing Activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Purchase of property and equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(40,107</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(291,294</TD>
    <TD nowrap>)</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Purchase of intangible assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(838,524</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(181,380</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Net cash used in investing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(878,631</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(472,674</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Cash Flows From Financing Activities:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Contributions from members</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,145,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">517,937</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Contribution of services from member</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">58,333</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Draws by members</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(50,000</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Payments on notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(532,882</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(127,963</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Net cash provided by financing activities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">562,118</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">448,307</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:40px; text-indent:-10px">Net increase in cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">186,636</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">188,126</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Cash &#151; Beginning of period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213,943</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,817</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Cash &#151; End of period</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">400,579</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">213,943</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Supplemental Disclosures of Cash Flow Information</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Cash payments for interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">6,718</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">10,428</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">The accompanying notes to financial statements are an integral part of these statements.



<P align="center" style="font-size: 10pt">27
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="center" style="font-size: 10pt"><B>OMNIPOINT MARKETING, LLC<BR>
NOTES TO FINANCIAL STATEMENTS<BR>
DECEMBER 31, 2003<BR>
AND SEPTEMBER 30, 2004 (UNAUDITED)</B>



<P align="left" style="font-size: 10pt"><U>NOTE 1 &#151; NATURE OF BUSINESS AND SIGNIFICANT ACCOUNTING POLICIES</U>


<P align="left" style="font-size: 10pt">Omni Point Marketing, LLC (the &#147;Company&#148;) is a limited liability company formed in February&nbsp;2002
with one member owning 100%. On September&nbsp;15, 2003, the member sold 75% of its interest to three
entities. Accordingly, due to the change of ownership control, the operations of the Company have
been reflected as commencing September&nbsp;15, 2003. The accompanying statements of operations,
members&#146; equity and cash flows have been prepared for the period from September&nbsp;15, 2003 through
December&nbsp;31, 2003, and for the nine months ended September&nbsp;30, 2004 (unaudited), representing the
periods under the new membership interests.


<P align="left" style="font-size: 10pt">The accompanying unaudited financial statements of the Company as of and for the nine months ended
September&nbsp;30, 2004 have been prepared in accordance with generally accepted accounting principles
for interim financial information. The financial information furnished reflects all adjustments,
consisting only of normal recurring accruals, which are, in the opinion of management, necessary
for a fair presentation of the financial position, results of operations and cash flows for the
periods presented. The results of operations are not necessarily indicative of results of
operations, which may be achieved in the future.


<P align="left" style="font-size: 10pt">The Company specializes in marketing third party offers for products and services via email. The
Company offers advertisers integrated online and offline marketing programs including Permission
Based Email Advertising, Email Database Append Services, Online Surveys, Ad Serving Networks and
Internet Compiled Direct Mail Lists. The Company has multiple internet media and database products
as follows:



<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Email append</I>: The Company&#146;s email append solution allows marketers to augment their existing
customer database with the Company&#146;s permission-based email data. When a match is confirmed, the
customer&#146;s email address is added to the client&#146;s file.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Electronic change of address</I>: The Company&#146;s electronic change of address service enables
clients to update their email databases.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Lead generation</I>: The Company offers lead generation programs to assist a variety of businesses
with customer acquisition. The Company pre-screens the leads through its online surveys to meet
its clients&#146; exact criteria.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Direct mail and postal list advertisement</I>: The Company has compiled an exclusive internet
responders&#146; postal mailing list. This list is sourced from online registration and individuals
who have responded to the Company&#146;s online campaigns. These consumers are responsive to offers
and purchase products and services through online and offline channels. The Company offers a
wide variety of demographic and psycho-graphic criteria for its customers list selection.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Online market research</I>: The Company has developed a consumer survey. The Company offers a
variety of targeted leads generated from its ongoing survey responses. The Company also offers
marketers the opportunity to add specific questions to the survey. The Company then sells the
response information to the marketer on a cost per response basis. If a marketer or a market
research company needs a full survey completed, the Company will broadcast its client&#146;s survey
to a designated responder list on a cost per thousand basis.


<P align="center" style="font-size: 10pt">28
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">A summary of the Company&#146;s significant accounting policies follows:



<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Cash and Cash Equivalents: </I>The Company considers all investments purchased with an original
maturity of three months or less to be cash equivalents.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Impairment of Long-Lived Assets</I>: Accounting for the Impairment of Long-Lived Assets and for
Long-Lived Assets to be Disposed of requires that long-lived assets and certain identifiable
intangibles to be held and used or disposed of by an entity be reviewed for impairment whenever
events or changes in circumstances indicate that the carrying amount of an asset may not be
recoverable. Under such circumstances, the accounting principles require that such assets be
reported at the lower of their carrying amount or fair value less cost to sell. Accordingly,
when events or circumstances indicate that long-lived assets may be impaired, the Company
estimates the assets&#146; future cash flows expected to result from the use of the asset and its
eventual disposition. If the sum of the expected future undiscounted cash flows is less than
the carrying amount of the asset, an impairment loss is recognized based on the excess of the
carrying amount over the fair value of the asset.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Fair Value of Financial Instruments</I>: The carrying amounts reported in the accompanying balance
sheets for accounts receivable, accounts payable and accrued expenses approximate fair value due
to the short-term nature of these accounts. Accounts receivable are carried at original invoice
amount less an estimate made for doubtful receivables based on a review of all outstanding
amounts on a periodic basis. Management determines the allowance for doubtful accounts by
regularly evaluating individual customer receivables and considering a customer&#146;s financial
condition, credit history, and current economic conditions.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Revenue recognition</I>: The Company recognizes revenue from all products when the service is
performed and the customer&#146;s order is fulfilled.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Use of estimates</I>: The preparation of financial statements in conformity with accounting
principles generally accepted in the United States of America require management to make
estimates and assumptions that affect the reported amounts of assets and liabilities and
disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period. Actual results could
differ from those estimates.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Property and equipment</I>: Property and equipment is stated at cost. Depreciation is computed by
the straight-line method over the following estimated useful lives:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="92%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Years</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Leasehold improvements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">5-6</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Computer equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Furniture, fixtures and office equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Software</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Leasehold improvements are depreciated over the shorter of the term of the lease or their
estimated useful lives.


<P align="center" style="font-size: 10pt">29
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Intangible assets</I>: Intangible assets consist of a database of email addresses acquired during
normal operations and costs associated with the development of the Company&#146;s various websites.
These costs are being amortized using the straight-line method over the following estimated
useful lives:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="81%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Years</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Email database</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Web properties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">3-5</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Income taxes</I>: The Company has made an election to have its income or loss taxed directly to its
members as a partnership for income tax purposes. Accordingly, the pro rata income or loss will
be included in the tax return of the members. As a result, no income taxes have been recognized
in the accompanying financial statements.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Advertising costs</I>: Advertising costs are expensed as incurred.


<P align="left" style="font-size: 10pt"><U>NOTE 2 &#151; PROPERTY AND EQUIPMENT</U>


<P align="left" style="font-size: 10pt">Property and equipment consist of the following:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30, 2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>December 31, 2003</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Computer equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">651,734</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">625,888</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Office equipment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">118,186</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">114,832</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Furniture and fixtures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">217,160</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">213,127</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Leasehold improvements</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121,686</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">115,978</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Software</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">43,630</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">42,464</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,152,396</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,112,289</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Less accumulated depreciation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(218,289</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(59,818</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">934,107</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,052,471</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Depreciation expense was $158,471 and $59,818 for the nine months ended September&nbsp;30, 2004 and from
September&nbsp;15, 2003 through December&nbsp;31, 2003, respectively.


<P align="left" style="font-size: 10pt">The Company recorded an asset impairment charge of $125,000 for the period ended December&nbsp;31, 2003.



<P align="left" style="font-size: 10pt"><U>NOTE 3 &#151; INTANGIBLE ASSETS</U>


<P align="left" style="font-size: 10pt">Intangible assets consist of the following:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="54%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="7%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30, 2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>December 31, 2003</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Email database</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">957,981</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">319,028</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Web properties</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">136,200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,094,181</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">319,028</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Less accumulated amortization</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(276,894</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">(26,586</TD>
    <TD nowrap>)</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">817,287</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">292,442</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">30
</DIV>

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<P><HR noshade><P>
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<DIV style="font-family: 'Times New Roman',Times,serif">
<P align="left" style="font-size: 10pt">Amortization expense was $250,308 and $26,586 for the nine months ended September&nbsp;30, 2004 and from
September&nbsp;15, 2003 through December&nbsp;31, 2003, respectively.


<P align="left" style="font-size: 10pt">The Company recorded asset impairment charge of $63,371 and $62,352 for the nine months ended
September&nbsp;30, 2004 and from September&nbsp;15, 2003 through December&nbsp;31, 2003, respectively, for email
addresses which were removed from the email database.


<P align="left" style="font-size: 10pt"><U>NOTE 4 &#151; NOTES PAYABLE</U>


<P align="left" style="font-size: 10pt">In accordance with a Termination and Quit Claim Agreement for an Operating Agreement previously
entered into with a related party, the Company issued notes payable in the face amounts of $700,000
and $150,000 in August&nbsp;2003. The $700,000 note is non-interest bearing with monthly payments of
$38,889 through January&nbsp;2005. As of December&nbsp;31, 2003, the balance outstanding on this note was
$552,032 which is net of unamortized discount of $11,602 imputed at the rate of 4&nbsp;percent. The
$150,000 note is non-interest bearing and due January&nbsp;2005. The balance outstanding on this note
was $143,555 as of December&nbsp;31, 2003, which is net of unamortized discount of $6,445 imputed at the
rate of 4&nbsp;percent. The notes are secured by the assets of the Company. Within the note agreements,
the Company has the option to make any payment through the delivery of valid email addresses to the
third party.


<P align="left" style="font-size: 10pt">On March&nbsp;26, 2004, the Company entered into a Settlement Agreement and agreed to pay $500,000 in
satisfaction of its remaining obligations of $662,705 under the Termination and Quit Claim
Agreement. Accordingly, the notes payable are recorded as current liabilities at December&nbsp;31,
2003, and $162,705 of notes forgiven has been treated as gain on the extinguishment of debt in the
financial statements for the nine months ended September&nbsp;30, 2004, and has been included in &#147;Other
Income&#148; in the accompanying financial statements.


<P align="left" style="font-size: 10pt"><U>NOTE 5 &#151; COMMITMENTS AND CONTINGENCIES</U>


<P align="left" style="font-size: 10pt"><I>Office Lease</I>: The Company leases office space under an agreement classified as an operating lease
which expires September&nbsp;2009. The agreement does not require any rental payments at the beginning
of the lease term. The Company accrues rent expense on the lease in an amount such that the total
rent expense under the lease will be recognized ratably over the period of the lease.


<P align="left" style="font-size: 10pt">Future minimum lease payments, by year and in the aggregate, as of September&nbsp;30, 2004 and December
31, 2003 are due as follows:


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="17%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="17%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>September 30, 2004</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>December 31, 2003</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">2004</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">26,049</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">2005</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">214,547</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">253,193</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">2006</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">258,780</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">260,688</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">2007</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">266,413</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">268,383</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">2008</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">274,294</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">276,340</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">2009</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">282,477</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">211,858</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,296,511</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1,296,511</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="4" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

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</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">The total rent expense for the nine months ended September&nbsp;30, 2004 and from September&nbsp;15, 2003
through December&nbsp;31, 2003 was $170,147 and $56,716, respectively.



<P align="center" style="font-size: 10pt">31
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<P align="left" style="font-size: 10pt"><I>Software development</I>: The Company entered into a development agreement in September&nbsp;2004 for the
design of co-registration software at a total cost of $200,000. As of September&nbsp;30, 2004, the
Company had paid $150,000, which is recorded as &#147;Deposits&#148; in the accompanying financial
statements. The project was completed in October&nbsp;2004.


<P align="left" style="font-size: 10pt"><U>NOTE 6 &#151; RELATED PARTY TRANSACTIONS</U>


<P align="left" style="font-size: 10pt">The Company purchases broadband services from a related party on a monthly basis for $15,000. The
total purchases for the period from September&nbsp;15, 2003 through December&nbsp;31, 2003 were $57,000. The
Company also paid $10,000 to a related party for hosting services provided to the Company for the
period from September&nbsp;15, 2003 through December&nbsp;31, 2003.


<P align="left" style="font-size: 10pt"><U>NOTE 7 &#151; LIMITED LIABILITY AGREEMENT</U>


<P align="left" style="font-size: 10pt">The four members entered into a limited liability agreement on September&nbsp;15, 2003, which was
amended on March&nbsp;20, 2004. The limited liability agreement provides, among other things for the
following:



<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Capital account</I>: A capital account is established for each Member, which is to be credited with
(i)&nbsp;the Initial Capital Contribution (ii)&nbsp;the amount of any additional cash contributed by a
Member to the Company, (ii)&nbsp;the fair market value of any additional property contributed to the
Company (net of any liabilities secured by such property that the Company is considered to
assume and (iii)&nbsp;the amount of any Net Profits (or items of income) allocated to a Member
pursuant to the limited liability agreement, and shall be decreased by (a)&nbsp;the amount of any
cash distributed to a Member by the Company, (b)&nbsp;the fair market value of any property
distributed to a Member by the Company (net of any liabilities secured by such distributed
property that such Member is considered to assume, (c)&nbsp;the amount of any expenditure of the
Company that is allocable to a Member and (d)&nbsp;the amount of any Net Losses ( or item of loss or
deduction) allocated to a Member.


<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><I>Allocation of net profits and net losses</I>: The limited liability agreement requires the
allocation of net profits and losses for each taxable year to be allocated among the Members pro
rata in proportion to their respective membership percentages.

<P align="left" style="font-size: 10pt"><U>NOTE 8 &#151; LITIGATION</U>


<P align="left" style="font-size: 10pt">The Company is involved in various claims and legal actions arising in the ordinary course of
business. In the opinion of management, these suits are without substantial merit and should not
result in judgments which in the aggregate would have a material adverse effect on the Company&#146;s
financial position or results of operations.



<P align="center" style="font-size: 10pt">32
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<P align="left" style="font-size: 10pt"><U>NOTE 9 &#150; MAJOR CUSTOMERS</U>


<P align="left" style="font-size: 10pt">Revenues for the nine months ended September&nbsp;30, 2004 include sales to the following major
customer, together with the receivables due from that customer.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="13%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>For the nine</B><BR><B>months ended September 30, 2004</B><HR size="1" noshade></TD>
    <TD nowrap align="center" colspan="7"><B>September 30, 2004</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Sales</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Receivables</B><HR size="1" noshade></TD>
</TR>

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<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Customer A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">792,751</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">206,364</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><U>NOTE 10 &#151; RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS</U>


<P align="left" style="font-size: 10pt">The financial statements as of December&nbsp;31, 2003 were audited by other auditors whose report dated
August&nbsp;19, 2004 expressed an unqualified opinion. These financial statements have been restated
for errors which had the effect of decreasing members&#146; equity by $248,845 at December&nbsp;31, 2003 and
increasing the net loss by $255,845 for the period September&nbsp;15, 2003 to December&nbsp;31, 2003.



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<DIV align="left">
<A name="108"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>INFORMATION ABOUT OMNI POINT MARKETING, LLC</B>



<P align="center" style="font-size: 10pt"><B>DESCRIPTION OF BUSINESS</B>


<P align="left" style="font-size: 10pt">Omni Point Marketing, LLC, a Florida limited liability company (&#147;Omni Point&#148;), was formed in
February&nbsp;2002. Prior to September&nbsp;2003, Omni Point&#146;s business was operated as a part of, and
substantially all of Omni Point&#146;s services were sold to, Naviant, Inc. Thereafter, Omni Point began
operating its business independently. Omni Point is in the internet media and electronic database
marketing industries. Omni Point offers advertisers online and offline marketing programs,
including permission based email advertising, email database append services, online surveys, ad
serving networks and internet compiled direct mail lists.


<P align="left" style="font-size: 10pt"><B>Business Products</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omni Point utilizes the following internet media and database products to conduct its
business:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>eMail Append Database.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Omni Point&#146;s eMail Append Database allows marketers to augment their existing customer
database with Omni Point&#146;s permission-based email data. When a match is confirmed, the
customer&#146;s email address is added to the client&#146;s file. For the period of January&nbsp;2004
through September&nbsp;2004, the eMail Append Database accounted for approximately twenty six
percent (26%) of Omni Point&#146;s overall revenue. As with most advertising products, Omni
Point expects that sales from its eMail Append Database will be somewhat seasonal with
revenues weighted to the period of September to December; however, seasonality was not
apparent in Omni Point&#146;s operations to date due to the initial organic growth of Omni
Point.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the period January&nbsp;2004 through September&nbsp;2004, revenues received from the Voter
Emailing Company exceeded ten percent (10%) of the total revenues from the eMail Append
Database. Although the revenue from this client was significant for the period, Omni
Point does not believe that the risk of losing this client is significant as the eMail
Append Database is not an ongoing or multi-turn product and thus Omni Point&#146;s internal
sales projections for this product line do not project repeat transactions with existing
clients.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Lead Generation.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Omni Point offers lead generation programs to assist a variety of businesses with
customer acquisition. Omni Point pre-screens customer leads through its online surveys
and online websites to meet its client&#146;s requested criteria. Omni Point currently
generates leads for the following industries: mortgage; debt reduction/debt
consolidation; auto sales; telecommunications; insurance and investment agents. Omni
Point expects that its lead generation business will increase in growth and expand to
include additional industries. For the period of January&nbsp;2004 through September&nbsp;2004, the
lead generation product accounted for approximately twenty four percent (24%) of Omni
Point&#146;s overall revenue. Omni Point expects that its lead generation product line will be
somewhat seasonal with revenues weighted to the period of September to December; however,
seasonality was not apparent in Omni Point&#146;s operations to date due to the initial
organic growth of Omni Point.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>For the period of January&nbsp;2004 through September&nbsp;2004, revenues received from
Advertising.com accounted for approximately ten percent (10%) of Omni Point&#146;s total
revenues from its lead generation business. Advertising.com is a significant market
participant</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">34
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<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>in the purchase of lead business. However, Omni Point expects its lead generation
business from other clients and/or new clients to grow; accordingly, Omni Point believes
that the loss of Advertising.com as a lead generation client would not have a significant
adverse effect upon Omni Point&#146;s lead generation business.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Direct Mail and Postal List Advertisement.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Omni Point has compiled an internet responders&#146; postal mailing list as well as an email
mailing list. These lists are sourced from online registrations and individuals who have
responded to Omni Point&#146;s online campaigns. These consumers are responsive to offers and
purchase products and services through online and offline channels. Omni Point offers a
wide variety of demographic and psycho-graphic criteria for its customer list selection.
For the period of January&nbsp;2004 through September&nbsp;2004, Omni Point&#146;s direct mail and
postal list products accounted for approximately forty eight percent (48%) of Omni
Point&#146;s overall revenue. Due to the expected growth of Omni Point&#146;s other existing
product lines as well as the delivery of planned additional products to market, the
percentage of Omni Point&#146;s overall revenue attributable to the direct mail and postal
list business is expected to decline.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><B>Intellectual Property</B>


<P align="left" style="font-size: 10pt">Omni Point&#146;s consumer database is crucial to its operations and advertising products. In order to
protect against loss of data or corruption of the consumer database Omni Point maintains
significant safeguards. Omni Point does not permit access of its database via the internet or world
wide web. All database access is password protected. All relevant service packs and upgrades to
commercial database software employed by Omni Point are installed only after independent in-house
testing is completed. Omni Point&#146;s database is backed-up on a regular schedule.


<P align="left" style="font-size: 10pt"><B>Employees</B>


<P align="left" style="font-size: 10pt">Omni Point has a contract with ADP Total Source (&#147;ADP&#148;), a professional employer organization.
Accordingly, ADP maintains an employer relationship with the employees, rather than Omni Point.
Omni Point leases the employee services from ADP for a fee. In this manner, as of September&nbsp;30,
2004, Omni Point indirectly engaged the services of approximately 55 full-time employees.


<P align="left" style="font-size: 10pt">In addition, three executive employees have entered into employment agreements directly with Omni
Point. The executive employees receive their compensation pursuant to their employment agreements
from ADP.


<P align="left" style="font-size: 10pt"><B>Competition</B>


<P align="left" style="font-size: 10pt">The business and consumer marketing information industry in which Omni Point operates is highly
competitive. Intense competition could harm Omni Point by causing, among other things, price
reductions, reduced gross margins, and loss of market share. Omni Point&#146;s competition includes:
Acxiom, Experian (a subsidiary of Great Universal Stores, P.L.C.), Equifax and Harte-Hanks
Communications, Inc. Omni Point also experiences indirect competition from internet adverting
providers such as Yahoo!, MSN and the AOL division of Time Warner.


<P align="left" style="font-size: 10pt">In addition, Omni Point faces competition from new entrants to the business and consumer marketing
information industry as a result of the rapid expansion of the internet, which creates a
substantial new channel for distributing information to the market. Many of Omni Point&#146;s
competitors have longer



<P align="center" style="font-size: 10pt">35
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<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">operating histories, better name recognition and greater financial resources than Omni Point does,
which may enable them to implement their business strategies more readily than Omni Point can.


<P align="left" style="font-size: 10pt"><B>Description of Property</B>


<P align="left" style="font-size: 10pt">Omni Point occupies approximately 20,000 square feet of office space located at 6700 N. Andrews
Avenue, 2nd Floor, Fort Lauderdale, Florida 33309, under a lease that expires September&nbsp;30, 2009.


<P align="left" style="font-size: 10pt">Omni Point&#146;s telephone number is (954)&nbsp;202-6000.



<P align="center" style="font-size: 10pt"><B>COMMON EQUITY AND RELATED STOCKHOLDER MATTERS</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omni Point is a closely held limited liability company, the membership interests of which are held
by four persons/entities, each of whom own greater than five percent of Omni Point&#146;s outstanding
membership interests. There is no public trading market for any ownership interests of Omni Point.
In fact, transfers of membership interests in Omni Point are restricted pursuant to Omni Point&#146;s
organizational documents. Omni Point has not made any distributions to its members to date. Omni
Point does not maintain any equity compensation plans.


<P align="center" style="font-size: 10pt"><B>MANAGEMENT&#146;S DISCUSSION AND ANALYSIS AND RESULTS OF OPERATIONS</B>



<P align="left" style="font-size: 10pt"><B>General</B>


<P align="left" style="font-size: 10pt">The following analysis of the results of operations and financial condition of Omni Point should be
read in conjunction with the financial statements for the period from September&nbsp;15, 2003 through
December&nbsp;31, 2003, and for the nine months ended September&nbsp;30, 2004 (unaudited)&nbsp;and notes thereto
contained herein.


<P align="left" style="font-size: 10pt">The sections of this proxy statement relating to Omni Point contain forward-looking statements.
These statements consist of any statement other than a recitation of historical fact and can be
identified by the use of forward-looking terminology such as &#147;may,&#148; &#147;expect,&#148; &#147;anticipate,&#148;
&#147;estimate&#148; or &#147;continue&#148; or the negative thereof or other variations thereon or comparable
terminology. The reader is cautioned that all forward-looking statements are necessarily
speculative and there are certain risks and uncertainties that could cause actual events or results
to differ materially from those referred to in such forward-looking statements.


<P align="left" style="font-size: 10pt">Omni Point is in the internet media and electronic database marketing industries. Omni Point offers
advertisers online and offline marketing programs, including permission based email advertising,
email database append services, online surveys, ad serving networks and internet compiled direct
mail lists.


<P align="left" style="font-size: 10pt"><B>Results of Operations</B>


<P align="left" style="font-size: 10pt"><B>Nine Months Ended September&nbsp;30, 2004 Compared to Three Months Ended December&nbsp;31, 2003</B>


<P align="left" style="font-size: 10pt"><I>Revenues</I>


<P align="left" style="font-size: 10pt">For the nine months ended September&nbsp;30, 2004, revenues from the sale of Omni Point&#146;s products and
services was $7,527,601 as compared to $1,581,510 for the three months ended December&nbsp;31, 2003.
This evidences an increase in sales of approximately 60% if the length of the periods compared were
equal.



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<P align="left" style="font-size: 10pt"><I>Cost of Sales</I>


<P align="left" style="font-size: 10pt">For the nine months ended September&nbsp;30, 2004, as compared to for the three months ended December
31, 2003, Omni Point incurred cost of sales of $1,366,547 and $395,205, respectively.


<P align="left" style="font-size: 10pt"><I>Selling Expenses</I>


<P align="left" style="font-size: 10pt">For the nine months ended September&nbsp;30, 2004, selling expenses amounted to $2,627,256, which
included $2,333,714 in salaries and commissions and $293,542 in advertising and trade show expense.
For the three months ended December&nbsp;31, 2003, selling expenses amounted to $756,201, which included
$666,318 in salaries and commissions and $89,883 in advertising and trade show expense.


<P align="left" style="font-size: 10pt"><I>General and Administrative</I>


<P align="left" style="font-size: 10pt">For the nine months ended September&nbsp;30, 2004, Omni Point incurred $1,983,036 of general and
administrative expenses, which included bad debt expense of $297,059, salaries expense of $391,830,
depreciation and amortization of $408,779, professional fees of $267,611, travel and entertainment
of $83,990, rent expense of $170,147, telephone expense of $141,415, office supply expenses of
$46,708, employee benefit expenses of 93,007 and other expenses of $82,490. For three months ended
December&nbsp;31, 2003, Omni Point incurred $921,594 of general and administrative expenses, which
included bad debt expense of $136,098, salaries expense of $276,479, depreciation and amortization
of $86,404, professional fees of $74,309, travel and entertainment of $61,046, rent expense of
$56,716, telephone expense of $35,860, office supply expenses of $28,562, employee benefit expenses
of 24,298 and other expenses of $141,822. The comparative decrease in salaries expense for the nine
months ended September&nbsp;30, 2004 as compared to the three months ended December&nbsp;31, 2003 was
primarily attributable to a reduction in the average cost per employee and a reclassification of
employee expense. The comparative increases in telephone expenses and other expenses for the nine
months ended September&nbsp;30, 2004 as compared to the three months ended December&nbsp;31, 2003 was
primarily attributable to an increase in incoming and outgoing call volume and increase in the
number of employees, respectively.


<P align="left" style="font-size: 10pt"><I>Other Income (Expense)</I>


<P align="left" style="font-size: 10pt">For the nine months ended September&nbsp;30, 2004, other income totaled $92,616. For the three months
ended December&nbsp;31, 2003, other loss totaled ($195,141), which was primarily due to an asset
impairment charge of $187,352.


<P align="left" style="font-size: 10pt"><I>Net income (loss)</I>


<P align="left" style="font-size: 10pt">As a result of the foregoing factors, Omni Point recognized net income of $1,643,378 for the nine
months ended September&nbsp;30, 2004 as compared to net loss of $(686,631) for the three months ended
December&nbsp;31, 2003.


<P align="left" style="font-size: 10pt"><B>Liquidity and Capital Resources</B>


<P align="left" style="font-size: 10pt">As of September&nbsp;30, 2004, Omni Point had $400,579 in cash on hand to meet its obligations.


<P align="left" style="font-size: 10pt">Net cash provided by operations was $503,149 for the nine months ended September&nbsp;30, 2004 as
compared to net cash provided by operations of $210,493 for the three months ended December&nbsp;31,
2003. For the nine months ended September&nbsp;30, 2004, Omni Point used cash in investing activities of
$878,631, offset by cash provided by financing activities of $562,118. For the three months ended
December&nbsp;31,



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<P align="left" style="font-size: 10pt">2003, Omni Point used cash in investing activities of $472,674, offset by cash provided by
financing activities of $448,307. Omni Point believes that its current cash balance is sufficient
to sustain Omni Point&#146;s operations over the ensuing 12-month period, including the expected growth
during this period.


<P align="left" style="font-size: 10pt">Net cash used in investing activities for both periods was related primarily to Omni Point&#146;s
acquisition of both intangible assets and property and equipment Net cash provided by financing
activities for both periods related primarily to capital contributions by members. Omni Point has
no material commitments for capital expenditures.


<P align="left" style="font-size: 10pt"><B>Off-Balance Sheet Arrangements</B>


<P align="left" style="font-size: 10pt">Omni Point has no off-balance sheet arrangements that have or are reasonably likely to have a
current or future effect on its financial condition, changes in financial condition, revenues or
expenses, results of operations, liquidity, capital expenditures or capital resources.


<P align="left" style="font-size: 10pt"><B>Critical Accounting Policies</B>


<P align="left" style="font-size: 10pt">A summary of significant accounting policies is included in the notes to Omni Point&#146;s financial
statements included herein. See &#147;Financial Statements of Omni Point Marketing, LLC&#148; beginning on
page 23.



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<DIV align="left">
<A name="109"></A>
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<P align="center" style="font-size: 10pt"><B>PROPOSAL 2</B>



<P align="center" style="font-size: 10pt"><B>ELECTION OF DIRECTORS</B>


<P align="left" style="font-size: 10pt"><B>General</B>


<P align="left" style="font-size: 10pt">Our Board of Directors has recommended and nominated each of the individuals listed below for
election to our Board of Directors at the Annual Meeting. Each duly elected director will hold
office until his death, resignation, retirement, removal, disqualification, or until his successor
shall have been elected and qualified. The nominees for director named in this Proposal 2 must
receive a plurality of the votes cast in person or by proxy in order to be elected. Stockholders
may vote in favor of all the nominees or may withhold their vote from any or all nominees. Votes
that are withheld with respect to this matter will be excluded entirely from the vote and will have
no effect, other than for purposes of determining the presence of a quorum. Brokers that do not
receive instructions are entitled to vote those shares with respect to the election of directors.


<P align="left" style="font-size: 10pt">Unless otherwise instructed or unless authority to vote is withheld, the enclosed proxy will be
voted for the election of the nominees listed below. Although our Board of Directors does not
contemplate that the nominees will be unable to serve, if such a situation arises prior to the
Annual Meeting, the persons named in the enclosed proxy will vote for the election of such other
person(s) as may be nominated by the Board of Directors.


<P align="left" style="font-size: 10pt">The Board of Directors unanimously recommends a vote FOR the election of the nominees listed below.


<P align="left" style="font-size: 10pt"><B>Nominees</B>


<P align="left" style="font-size: 10pt"><I>Steven M. Bettinger</I>, 33&nbsp;years old, has served as our Chief Executive Officer, President and
director since 1999. Mr.&nbsp;Bettinger serves as an advisor to the E-learning market. Mr.&nbsp;Bettinger
received his B.S. in Business Administration from Syracuse University where he attended on
scholarship.


<P align="left" style="font-size: 10pt"><I>Andrew Lockwood</I>, 36&nbsp;years old, has served as a director since April&nbsp;2000. Mr.&nbsp;Lockwood is the
principal owner of Black Acre Mortgage, Inc., a mortgage brokerage firm located in Fort Lauderdale,
Florida. Previously, he served as President of Shochet Securities, a division of a publicly traded
financial service company. Before joining Shochet, Mr.&nbsp;Lockwood was employed as an attorney in the corporate and
securities department of Atlas Pearlman, P.A., a law firm located in Fort Lauderdale, Florida and
Graubard, Mollen &#038; Miller, a law firm located in New York City. Mr.&nbsp;Lockwood received his J.D. from
St. John&#146;s University School of Law and his B.A. from Wesleyan University. Mr.&nbsp;Lockwood is a member
of the New York and Florida Bar Associations and serves on the board of The Daniel Cantor Senior
Center in Sunrise, Florida.


<P align="left" style="font-size: 10pt"><I>Jack P. Phelan</I>, 53&nbsp;years old, has served as a director since March&nbsp;2000. Since June&nbsp;1998, Mr.
Phelan served as President of Helios International Asset Management, a registered investment
advisor located in Boca Raton, Florida. From January&nbsp;1995 to June&nbsp;1998, Mr.&nbsp;Phelan served as
President of Nicholson/Kenny Capital Management, an investment management firm located in Boca
Raton,
Florida. Mr.&nbsp;Phelan is a member of the Association of Investment Management Research, the New York
Society of Security Analysis, the Financial Analysts Society of South Florida, the International
Society of Financial Analysts and the International Association for Financial Planning. Mr.&nbsp;Phelan
is also a member of MENSA and the International Society of Philosophical Enquiry.


<P align="left" style="font-size: 10pt"><I>Robert Picow</I>, 49&nbsp;years old, has served as chairman of the Board of Directors since April&nbsp;22, 2004,
and as a director since July of 2003. In 1982, Mr.&nbsp;Picow founded Allied Distributors, a small
electronics



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<P align="left" style="font-size: 10pt">distributorship based in Philadelphia. In 1986, Allied Communications was formed and the company
focused on cellular telephones and related products. Allied Communications became one of the
leaders in this field and Mr.&nbsp;Picow served as C.E.O. until its merger in 1996 with Brightpoint, a
publicly traded communications company. Mr.&nbsp;Picow served as Vice Chairman and a director at
Brightpoint until 1997. Mr.&nbsp;Picow served as a director of S.B.A. Communications for a two-year term
and is now a director of Streicher Mobile Fueling and Fundamental Management Corporation a private
fund management company. Mr.&nbsp;Picow also serves on the Board of Trustees of the Children&#146;s Place at
Home Safe, a Palm Beach based charity.


<P align="left" style="font-size: 10pt"><B>Our Directors And Executive Officers</B>


<P align="left" style="font-size: 10pt">Our directors are elected annually and hold office until their death, resignation, retirement,
removal, disqualification, or the next annual meeting of our stockholders or until their successors
are duly elected and qualified. Officers serve at the discretion of the Board of Directors. There
is no family relationship between or among any of our directors and executive officers. Our current
Board of Directors consists of four persons.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="33%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="54%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Age</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Position</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Steven M. Bettinger
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director, Chief Executive Officer and
President</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Andrew Lockwood
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">36</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jack Phelan
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">53</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Director</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert Picow
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">49</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman of the Board</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jordan Serlin
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">33</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Operating Officer</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Adam Wasserman
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">40</TD>
    <TD nowrap valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">Below is a summary of the business experience of our executive officers who do not serve on the
Board of Directors. The business experience of the remaining persons appears under the caption
&#147;Proposal 2 &#150; Nominees&#148; set forth above.


<P align="left" style="font-size: 10pt"><I>Jordan Serlin</I>, 33&nbsp;years old, became Chief Operating Officer in July of 2003. He served on the
Cenuco Advisory Board since March of 2003. Most recently, Mr.&nbsp;Serlin served as CEO, Americas for
United Kingdom based Tenestra, Ltd. Tenestra was a leading global developer of component hardware
and software for digital and embedded wireless closed circuit television security surveillance
systems. Clients and projects included: British Customs, BMW, Pepcor Intl., British Petroleum, and
the United States Transportation and Security Administration. Mr.&nbsp;Serlin spearheaded the sale of
Tenestra&#146;s core technologies to General Electric&#146;s security subsidiary in late 2002. Mr.&nbsp;Serlin
previously served as the chief marketing executive for FortuneCity, an online services provider. He
was part of the management team which took that firm to its $90&nbsp;million IPO in 1998 on the German
NeurMarkt. He currently serves on the advisory boards of Sessions.edu, the Calyx Group, the
Brainstorm Venture Group, and Cualinet. He currently or previously served as a director on the
boards of: LookNbuy, Qool.com, Electronic Hollywood, and Tenestra USA.


<P align="left" style="font-size: 10pt"><I>Adam Wasserman, </I>40&nbsp;years old, was elected as our chief financial officer and controller in May
2004. Mr.&nbsp;Wasserman holds the degree of Bachelor of Administration from the State University of
New York at Albany. He is a Certified Public Accountant (New York), and a member of The American
Institute of Certified Public Accountant. Mr.&nbsp;Wasserman currently serves as the chief
executive officer and director of CFO Oncall, Inc., a firm specializing in financial
consulting services that he founded in



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<P align="left" style="font-size: 10pt">1999, which is located in Weston, Florida. From 1991 to 1999, he was an audit manager at
American Express Tax &#038; Business in Fort Lauderdale, Florida, where he served as an outsourced
CFO and advisor to a diversified clientele in the technology, medical, retail, and service
industries in both the private and public sectors. Mr.&nbsp;Wasserman has also served with Deloitte &#038;
Touche, LLP in New York City, where he conducted audits of public and private companies, tax
preparation and planning, management consulting, and systems design. He currently serves as the
Treasurer of Gold Coast Venture Capital Association, was a former officer of Toastmasters
International, and is a member of the Florida Venture Forum, and Weston Chamber of Commerce.


<P align="left" style="font-size: 10pt"><B>Related Transactions</B>


<P align="left" style="font-size: 10pt">There were no related party transactions during the past two fiscal years.


<DIV align="left">
<A name="110"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>INFORMATION CONCERNING THE BOARD OF DIRECTORS AND ITS COMMITTEES</B>


<P align="left" style="font-size: 10pt">The Board of Directors took action at Board meetings or by unanimous written consent five times
during the fiscal year ended June&nbsp;30, 2004. All directors were present for at least 95% of the
Board of Directors meetings or unanimous written consents.


<P align="left" style="font-size: 10pt">The sole committee of the Board of Directors is the audit committee, consisting of Jack Phelan,
Andrew Lockwood and Robert Picow, each of whom is independent as defined and required by the rules
of the AMEX. Our Board of Directors has determined that Jack Phelan is also an &#147;audit committee
financial expert&#148; as defined by the rules promulgated by the SEC.


<P align="left" style="font-size: 10pt">The audit committee generally has responsibility for appointing, overseeing, and determining the
compensation of our independent auditor, reviewing the plan and scope of the auditor&#146;s audit,
reviewing our audit and control functions, approving all permitted non-audit services provided by
our independent auditor, and reporting to our full Board of Directors regarding all of the
foregoing. The audit committee meets with the independent auditor and our management in connection
with its review and approval of (i)&nbsp;the unaudited financial statements for inclusion in our
quarterly reports on Form 10-QSB and (ii)&nbsp;the annual audited financial statements for inclusion in
our Annual Report on Form 10-KSB. Additionally, the audit committee provides our Board of
Directors with such additional information and materials as it may deem necessary to make our Board
of Directors aware of significant financial matters that require its attention. The audit
committee&#146;s goals and responsibilities are set forth in an audit committee charter, a copy of which
is attached as Annex B. The Audit Committee held one meeting during the fiscal year ended June&nbsp;30,
2004 and each member attended the meeting. The Audit Committee Report is set forth below.


<P align="left" style="font-size: 10pt">We do not have a compensation committee or a nominating committee. Decisions concerning executive
officer compensation for 2004 were made by the full Board of Directors. Mr.&nbsp;Bettinger is the only
director who is also an officer.


<P align="left" style="font-size: 10pt">We do not have a nominating committee because we believe that as a small business issuer, it is not
necessary for us to have a separate nominating committee. Rather, the full Board of Directors
participates in the consideration of director nominees. At this time the Board of Directors does
not have a policy with regard to the consideration of any director candidates recommended by
stockholders because historically we have not received recommendations from our stockholders and
the costs of establishing and maintaining procedures for the consideration of stockholder
nominations would be overly burdensome.


<P align="left" style="font-size: 10pt">In making its nominations, the Board of Directors identifies candidates who meet the current
challenges and needs of the Board of Directors. In determining whether it is appropriate to add or
remove



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<P align="left" style="font-size: 10pt">individuals, the Board of Directors will consider issues of judgment, diversity, age, skills,
background and experience. In making such decisions, the Board of Directors considers, among other
things, an individual&#146;s business experience, industry experience, financial background and
experiences. The Board of Directors uses multiple sources for identifying and evaluating nominees
for Directors including referrals from current directors and input from third party executive
search firms.


<P align="left" style="font-size: 10pt">All of the nominees are currently serving as members of our Board of Directors.



<P align="center" style="font-size: 10pt"><B>Report of the Audit Committee</B>


<P align="left" style="font-size: 10pt">The audit committee has reviewed and discussed the audited financial statements with management and
the independent auditors. In fulfilling its responsibilities, the audit committee discussed with
the independent auditors the matters that are required to be discussed by Statement on Auditing
Standards No.&nbsp;61. In addition, the audit committee received from the independent auditors the
written disclosures and letter required by Independence Standards Board Standard No.&nbsp;1, and the
audit committee discussed with the independent auditors that firm&#146;s independence.


<P align="left" style="font-size: 10pt">Based upon the audit committee&#146;s discussions with management and the independent auditors and the
audit committee&#146;s review of the representations of management and the report and letter of the
independent auditors provided to the audit committee, the audit committee recommended to the Board
of Directors that the audited consolidated financial statements be included in our Annual Report on
Form 10-KSB for the fiscal year ended June&nbsp;30, 2004 for filing with the SEC.



<P align="left" style="font-size: 10pt; margin-left: 50%">Respectfully Submitted:


<P align="left" style="font-size: 10pt; margin-left: 50%"><B>Jack Phelan<BR>
Andrew Lockwood<BR>
Robert Picow</B>

<P align="left" style="font-size: 10pt"><B>Family Relationships</B>


<P align="left" style="font-size: 10pt">There is no family relationship between or among any of our directors and executive officers.


<P align="left" style="font-size: 10pt"><B>Code of Ethics</B>


<P align="left" style="font-size: 10pt">We have adopted a Code of Ethics that applies to all of our employees, officers and directors,
including our Chief Executive Officer, Chief Financial Officer, Chief Accounting Officer and
Controller. The Code of Ethics is located on our internet web site at www.cenuco.com under
&#147;Investor Relations.&#148;


<P align="left" style="font-size: 10pt"><B>Compliance with Section 16(a) of the Securities Exchange Act Of 1934</B>


<P align="left" style="font-size: 10pt">Section&nbsp;16(a) of the Securities Exchange Act of 1934 requires our directors and executive officers,
and persons who own beneficially more than ten percent of our common stock, to file reports of
their stock ownership and changes of their stock ownership with the SEC. Based solely on the
reports we have received and on written representations from these reporting persons, we believe
that our directors, executive officers, and our ten percent stockholders have complied with Section
16(a) of the Securities Exchange Act of 1933.



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<P align="left" style="font-size: 10pt"><B>Executive Compensation</B>


<P align="left" style="font-size: 10pt">The table below sets forth information relating to the compensation we paid during the past three
fiscal years to: (i)&nbsp;the President and Chief Executive Officer; and (ii)&nbsp;each other executive
officer who earned more than $100,000 during Fiscal 2004, 2003 and 2002 (the &#147;Named Executive
Officers&#148;).


<DIV align="center">
<TABLE style="font-size: 9pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="29%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="15"><B>Annual Compensation</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Other</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Annual</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Restricted</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>All Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compen-</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Under-lying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Compen-</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name and Principal Position</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Year</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Salary($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Bonus($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>sation($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Awards ($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options(#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>sation($)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">242,692</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">71,000</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">97,000</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">President and Chief Executive</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">250,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">82,000</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">42,000</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">239,615</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">15,000</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">35,000</TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Robert Picow,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">449,300</TD>
    <TD nowrap>(7)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">9,700</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Chairman of the Board</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">6,500</TD>
    <TD nowrap>(9)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jordan Serlin,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">19,231</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">86,000</TD>
    <TD nowrap>(10)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">37,659</TD>
    <TD nowrap>(12)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">$</TD>
    <TD align="right">58,200</TD>
    <TD nowrap>(11)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Chief Operating Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 100,000 shares of common stock at a fair market value of $0.71
on the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 100,000 shares of common stock at a fair market value of $0.82 on
the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 42,857 shares of common stock to Steven Bettinger at a fair market
value of $.35 on the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 100,000 stock options granted at a fair market value on date of grant of
$0.97.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 100,000 stock options granted at an exercise price of $.42.<BR></TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 100,000 stock options granted at an exercise price of $.35</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(7)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 125,000 shares of common stock at a average fair market value of
$3.59 on the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(8)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 10,000 stock options granted at a fair market value on date of grant of
$0.97.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(9)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 5,000 stock options granted at a fair market value on date of grant of
$1.30.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(10)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 20,000 shares of common stock at a fair market value of $4.30 on
the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(11)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 60,000 stock options granted at a fair market value on date of grant of
$0.97.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(12)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents amount paid during year as independent contractor.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">The following table sets forth information concerning individual grants of options made during
Fiscal 2004 to the Named Executive Officers.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="39%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>% of Total</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options Granted</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercise or</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Options</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>to Employees in</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Base Price</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Expiration</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Granted (#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Fiscal Year</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>($/Sh)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Date</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">19.8</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">January 2014</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Robert Picow</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">2.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">January 2014</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jordan Serlin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">January 2014</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt">43
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>Stock Options Held At End Of Fiscal 2004</B>


<P align="left" style="font-size: 10pt">The following table indicates the total number and value of exercisable and unexercisable stock
options held by Named Executive Officers as of June&nbsp;30, 2004.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Number of Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Value of Unexercised</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Underlying Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>In-the-Money</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Options at Fiscal Year-End (#)</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="7"><B>Options at Fiscal Year-End ($) (1)</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Exercisable</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Unexercisable</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">200,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">200,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">970,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">970,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Robert Picow</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,333</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">8,085</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">64,665</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jordan Serlin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">291,000</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Based on the AMEX last sales price for our common stock on September&nbsp;14, 2004 in the
amount of $4.85 per common share.</TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt"><B>Director Compensation</B>


<P align="left" style="font-size: 10pt">We do not currently pay any cash directors&#146; fees, but we pay the expenses of our directors in
attending board meetings. For the fiscal year ended June&nbsp;30, 2004, options and/or other equity
grants to directors were as follows:



<P align="left" style="margin-left: 3%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Jack Phelan and Andrew Lockwood &#151; Each received 27,500 shares of common stock and 10,000
stock options to acquire 10,000 shares of common stock at an exercise price of $1.15.


<P align="left" style="font-size: 10pt"><B>Employee Stock Option Plan</B>


<P align="left" style="font-size: 10pt">While we have been successful in attracting and retaining qualified personnel, we believe that our
future success will depend in part on our continued ability to attract and retain highly qualified
personnel. We pay wages and salaries that we believe are competitive. We also believe that equity
ownership is an important factor in our ability to attract and retain skilled personnel. In 2000,
we adopted the 2000 Option Plan (the &#147;Plan&#148;). The purpose of the Plan is to further our interests,
and our subsidiaries&#146; and stockholders&#146; interests, by providing incentives in the form of stock
options to key employees, consultants, directors and others who contribute materially to our
success and profitability. The grants recognize and reward outstanding individual performances and
contributions and will give such persons a proprietary interest in us, thus enhancing their
personal interest in our continued success and progress. The Plan also assists us and our
subsidiaries in attracting and retaining key employees and directors. The Plan is administered by
the Board of Directors. The Board of Directors has the exclusive power to select the participants
in the Plan, to establish the terms of the options granted to each participant, provided that all
options granted shall be granted at an exercise price equal to at least 85% of the fair market
value of the common stock covered by the option on the grant date and to make all determinations
necessary or advisable under the Plan. The number of shares of common stock that may be issued upon
the exercise of options granted under the 2000 Plan, as amended, is 3,000,000. As of June&nbsp;30, 2004,
options to purchase a total of 1,361,000 shares had been granted pursuant to the Plan, all of which
are outstanding and 702,667 of which are exercisable.



<P align="center" style="font-size: 10pt">44
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P align="left" style="font-size: 10pt"><B>Equity Compensation Plan Information</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth information about our shares of common stock that may be issued upon
exercise of options and other stock based awards under our equity compensation plans as of
September&nbsp;30, 2004, including the Plan.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="44%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="8%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Securities</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>remaining available</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Securities to be</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>for</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>issued upon</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Weighted average</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>future issuance under</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>exercise of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>exercise price of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>equity compensation</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>plans (excluding</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>options, warrants,</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>options, warrants</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>securities reflected</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Plan Category</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>and rights</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>and rights</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>in column (a))</B><HR size="1" noshade></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(a)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(b)</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>(c)</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Equity Compensation
plans approved
by stockholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,326,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">1.07</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,674,000</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Equity compensation
plans not approved
by<BR> stockholders (1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,800,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">3.59</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right"><HR size="1" noshade>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:20px; text-indent:-10px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,126,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">$</TD>
    <TD align="right">2.78</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,674,000</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">We have issued the following warrants to purchase shares of our common stock without the
approval of our stockholders:</TD>
</TR>

</TABLE>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In fiscal 2004, in connection with a private placement, we sold one unit for
$100,000, comprised of 100,000 shares of our common stock and warrants entitling the
holder to purchase up to 100,000 shares of our common stock at an exercise price of
$1.00.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In fiscal 2004, we sold 30,000 units under a private placement aggregating 1,500,000
shares of our common stock and warrants to purchase 1,500,000 shares of our common
stock at an exercise price of $4.50 per share.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">&#149;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In March&nbsp;2004, we consummated a capital raise through a private placement offered to
accredited investors. We offered, through a placement agent, investment units
consisting of 5,000 shares of our common stock offered at $4.00 per share with a
callable warrant to purchase 5,000 shares of our common stock at $4.50 per share. The
private placement was originally to be for a maximum amount of $5,000,000, but was
subsequently increased to a maximum of $6,000,000.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><B>Employment Agreement</B>


<P align="left" style="font-size: 10pt">We entered into an employment agreement with Steven Bettinger, our Chief Executive Officer, for a
24&nbsp;month period ending January&nbsp;1, 2003, subject to automatic renewals of 12-month terms unless
terminated by us or Mr.&nbsp;Bettinger with 30-days&#146; prior written notice. In addition to an annual
salary of up to $250,000 for Mr.&nbsp;Bettinger, the agreement entitles him to receive options to
purchase 100,000 shares of our common stock each year of employment at fair market value. These
options are issued under our 2000 Option Plan. The options vest 1/3 per year, beginning one year
from the date of grant. The agreement also provide for the receipt of an annual bonus at the
discretion of the Board of Directors. Mr.&nbsp;Bettinger received a discretionary bonus of 100,000
shares of common stock in each of Fiscal 2004 and 2003.



<P align="center" style="font-size: 10pt">45
</DIV>

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<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left">
<A name="111"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT</B>


<P align="left" style="font-size: 10pt">The following table sets forth certain information at September&nbsp;24, 2004, with respect to the
beneficial ownership of shares of common stock by (i)&nbsp;each person known to us who owns beneficially
more than 5% of the outstanding shares of common stock, (ii)&nbsp;each of our directors and nominees,
(iii)&nbsp;each of our Named Executive Officers and (iv)&nbsp;all of our executive officers and directors as
a group. Unless otherwise indicated, each stockholder has sole voting and investment power with
respect to the shares shown.


<P align="left" style="font-size: 10pt">In accordance with SEC rules, options or warrants not exercisable within 60&nbsp;days of this report are
not considered part of the holder&#146;s beneficial ownership. As of September&nbsp;24, 2004, there were
12,247,271 shares of common stock outstanding. Unless otherwise stated, the address for the
beneficial stockholder is 6421 Congress Ave., Suite&nbsp;201, Boca Raton, Florida 33487.


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="9%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Number of Shares of</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Common Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>&nbsp;</B></TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left"><B>Name and Address of Beneficial Owner</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Beneficially Owned</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3"><B>Percentage %</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">3,602,982 </TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">28.79</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Robert Picow</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">184,167</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">1.47</TD>
    <TD nowrap>%</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jordan Serlin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Adam Wasserman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,705</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Andrew Lockwood</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">68,750</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Jack Phelan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">72,500</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #eeeeee">
    <TD><DIV style="margin-left:10px; text-indent:-10px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">All executive officers and Directors
as a<BR> group (6 persons)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,972,104</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">&nbsp;</TD>
    <TD align="right">31.47</TD>
    <TD nowrap>%</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade>

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">*Less than one percent</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 200,000 stock options exercisable as of September&nbsp;20, 2004</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 1,667 stock options exercisable as of September&nbsp;20, 2004</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 30,000 stock options exercisable as of September&nbsp;20, 2004</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="right">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 35,000 stock options exercisable as of September&nbsp;20, 2004</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">46
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<DIV style="font-family: 'Times New Roman',Times,serif">




<DIV align="left">
<A name="112"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>PROPOSAL 3</B>



<P align="center" style="font-size: 10pt"><B>RATIFY THE SELECTION OF SALBERG &#038; COMPANY, P.A. AS OUR<BR>
INDEPENDENT AUDITOR FOR THE FISCAL YEAR ENDING JUNE 30, 2005</B>


<P align="left" style="font-size: 10pt">Grant Thornton LLP (&#147;GT&#148;), by letter dated December&nbsp;10, 2003, terminated its relationship as our
independent accountant. We mutually agreed to terminate this relationship with GT. GT had been our
independent accountant, and audited our financial statements.


<P align="left" style="font-size: 10pt">The reports of GT on our consolidated financial statements for the 2002 and 2003 fiscal years
contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to
uncertainty, audit scope or accounting principles.


<P align="left" style="font-size: 10pt">Further, for the 2002 and 2003 fiscal years, there were no disagreements between us and GT on any
matter of accounting principles or practices, financial statement disclosure, or auditing scope or
procedure, which would have caused GT to make a reference thereto in its report on our financial
statements for such period.


<P align="left" style="font-size: 10pt">During the period from August&nbsp;28, 2000 through December&nbsp;10, 2003, there were no reportable events
(as defined in Item&nbsp;304 (a)(1)(v) of Regulation&nbsp;S-K). GT furnished the SEC with a letter stating
that it agrees with the above statements. This letter was attached as an exhibit to a Form 8-K,
filed with the SEC on December&nbsp;19, 2003.


<P align="left" style="font-size: 10pt">The Board of Directors engaged Salberg &#038; Company, P.A. as our new independent accountants as of
December&nbsp;16, 2003. Prior to such date, we did not consult with Salberg &#038; Company, P.A. regarding
(i)&nbsp;the application of accounting principles, (ii)&nbsp;the type of audit opinion that might be rendered
by Salberg &#038; Company, P.A., or (iii)&nbsp;any other matter that was the subject of a disagreement
between us and Salberg &#038; Company, P.A. (as defined in Item&nbsp;304 (a)(1)(iv) of Regulation&nbsp;S-B) or a
reportable event (as described in Item&nbsp;304 (a)(1)(v) of Regulation&nbsp;S-K).


<P align="left" style="font-size: 10pt">The Board of Directors has selected Salberg &#038; Company, P.A. as our independent auditor for the
fiscal year ending June&nbsp;30, 2005, which is the current fiscal year. The Board of Directors wishes
to obtain from the stockholders a ratification of their action in appointing their existing
certified public accountant, Salberg &#038; Company, P.A., as our independent auditor for the fiscal
year ending June&nbsp;30, 2005. The affirmative vote of a majority of the shares of common stock present
in person or by proxy and entitled to vote at the Annual Meeting is required for the approval of
this Proposal 3.


<P align="left" style="font-size: 10pt">In the event the appointment of Salberg &#038; Company, P.A. as independent auditor is not ratified by
the stockholders, the adverse vote will be considered as a direction to the Board of Directors to
select other independent auditors for the fiscal year ending June&nbsp;30, 2005. A representative of
Salberg &#038; Company, P.A. is expected to be present at the Annual Meeting with the opportunity to
make a statement if he so desires and to respond to appropriate questions.


<P align="left" style="font-size: 10pt">The Board of Directors unanimously recommends a vote FOR the ratification of Salberg &#038; Company,
P.A. as our independent auditor for fiscal year ending June&nbsp;30, 2005.


<P align="left" style="font-size: 10pt"><B>Audit Fees</B>


<P align="left" style="font-size: 10pt">The aggregate fees billed by our auditors and previous auditors for professional services rendered
in connection with (1)&nbsp;the audit of our annual consolidated financial statements for Fiscal 2004
and 2003



<P align="center" style="font-size: 10pt">47
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="left" style="font-size: 10pt">and reviews of the consolidated financial statements included in our Forms 10-KSB and services
related to the filing for Fiscal 2004 and 2003 and (2)&nbsp;the filing with the SEC of a registration
statement on Form S-3 were approximately $61,626 and $57,000, respectively.


<P align="left" style="font-size: 10pt"><B>Audit-Related Fees</B>


<P align="left" style="font-size: 10pt">For Fiscal 2004 and 2003, our current and previous auditors did not bill any additional fees for
assurance and related services that are reasonably related to the performance of the audit or
review of our financial statements and are not reported under &#147;Audit Fees&#148; above.


<P align="left" style="font-size: 10pt"><B>Tax Fees</B>


<P align="left" style="font-size: 10pt">The aggregate fees billed by our auditors for professional services for tax compliance, tax advice,
and tax planning were $0 and $0 for Fiscal 2004 and 2003, respectively.


<P align="left" style="font-size: 10pt"><B>All Other Fees</B>


<P align="left" style="font-size: 10pt">The aggregate fees billed by our auditors for all other non-audit services rendered to us, such as
attending meetings and other miscellaneous financial consulting, in Fiscal 2004 and 2003 were $0
and $0, respectively.


<P align="left" style="font-size: 10pt"><B>Auditor Independence</B>


<P align="left" style="font-size: 10pt">Our Board of Directors considers that the work done for us in the fiscal year ended June&nbsp;30, 2004
by Salberg &#038; Company, P.A. is compatible with maintaining Salberg &#038; Company, P.A.&#146;s independence.


<P align="left" style="font-size: 10pt"><B>Auditor&#146;s Time On Task</B>


<P align="left" style="font-size: 10pt">All of the work expended by Salberg &#038; Company, P.A. on our June&nbsp;30, 2004 audit was attributed to
work performed by Salberg &#038; Company, P.A.&#146;s full-time, permanent employees.



<P align="center" style="font-size: 10pt">48
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<DIV align="left">
<A name="113"></A>
</DIV>

<P align="center" style="font-size: 10pt"><B>GENERAL INFORMATION</B>



<P align="left" style="font-size: 10pt"><B>Other Matters</B>


<P align="justify" style="font-size: 10pt">The Board of Directors is not aware of any other matters to be presented for action at the Annual
Meeting. However, if any other matter is properly presented at the Annual Meeting, it is the
intention of the persons named in the enclosed proxy to vote in accordance with their best judgment
on such matters.

<P align="justify" style="font-size: 10pt"><B>Communications with the Board of Directors</B>

<P align="justify" style="font-size: 10pt">The Board of Directors provides a process for stockholders to send communications to the Board of
Directors or any of the directors. Stockholders may send written communications to the Board of
Directors or any the directors c/o Secretary, Cenuco, Inc. 6421 Congress Avenue, Suite&nbsp;201, Boca
Raton, Florida 33487. All communications will be compiled by our Secretary and submitted to the
Board of Directors or the individual directors on a periodic basis. It is our policy that the
directors who are up for election at the Annual Meeting attend the Annual Meeting.

<P align="justify" style="font-size: 10pt"><B>Future Proposals Of Stockholders</B>

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="justify" style="font-size: 10pt">The deadline for stockholders to submit proposals to be considered for inclusion in the proxy
statement for the 2005 Annual Meeting of Stockholders is July&nbsp;15, 2005. Additionally, we must
receive notice of any stockholder proposal to be submitted at the 2005 Annual Meeting (but not
required to be included in our proxy statement for that meeting) by October&nbsp;1, 2005, or such
proposal will be considered untimely pursuant to Rule&nbsp;14a-5(e) under the Securities Exchange Act
and persons named in the proxies solicited by management may exercise discretionary voting
authority with respect to such proposal.
<DIV align="left"><FONT size="1">

</FONT></DIV>


<P align="justify" style="font-size: 10pt"><B>Where You Can Find More Information</B>

<P align="justify" style="font-size: 10pt">We file annual, quarterly and special reports and other information with the Securities and
Exchange Commission (the &#147;Commission&#148;). You may read our Commission filings over the internet at
the Commission&#146;s website at http://www.sec.gov. You may also read and copy documents at the
Commission&#146;s public reference room at 450 Fifth Street, N.W., Washington, D.C. 20549. Please call
the Commission at 1-800-SEC-0330 for further information on the public reference rooms.

<P align="justify" style="font-size: 10pt">We incorporate into this proxy statement by reference the following documents filed by us with the
Commission, each of which should be considered an important part of this proxy statement:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="65%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="48%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="center"><B>Commission Filing</B><HR size="1" noshade></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center"><B>Period Covered or Date of Filing</B><HR size="1" noshade></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Annual Report on Form&nbsp;10-KSB
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Fiscal Year ended June&nbsp;30, 2004</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Quarterly Report on Form&nbsp;10-QSB
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Quarter ended September&nbsp;30, 2004</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Current Reports on Form&nbsp;8-K
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">October&nbsp;5, 2004 and October&nbsp;25, 2004</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>



<P align="justify" style="font-size: 10pt">We are delivering with this proxy statement our Annual Report on Form 10-KSB for the fiscal year
ended June&nbsp;30, 2004. Upon request, we will provide copies of the exhibits to the Annual Report on
Form 10-KSB at no additional cost. All requests for copies should be directed to our Chief
Executive Officer, Steven Bettinger c/o Cenuco, Inc., 6421 Congress Avenue, Suite&nbsp;201, Boca Raton,
Florida 33487.


<P align="left" style="font-size: 10pt">BY ORDER OF THE BOARD OF
DIRECTORS


<DIV align="left" style="font-size: 10pt"><img src="g92218g9221803.gif" alt="Steven Bettinger Sig"></DIV>

<P align="left" style="font-size: 10pt">STEVEN BETTINGER<BR>
DIRECTOR, CHIEF EXECUTIVE OFFICER

<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="left" style="font-size: 10pt">DECEMBER 13, 2004<BR>
BOCA RATON, FLORIDA
<DIV align="left"><FONT size="1">

</FONT></DIV>



<P align="center" style="font-size: 10pt">49

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<DIV align="left">
<A name="114"></A>
</DIV>
<P align="right" style="font-size: 10pt"><B>ANNEX A</B>


<P align="center" style="font-size: 10pt"><B>ASSET PURCHASE AGREEMENT</B>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This <B>ASSET PURCHASE AGREEMENT </B>(this &#147;Agreement&#148;) is entered into as of October&nbsp;21, 2004 by and
among <B>CENUCO, INC., </B>a Delaware corporation (&#147;Cenuco&#148;); <B>OMNI POINT MARKETING, LLC</B>, a Florida limited
liability company (the &#147;Company&#148;); and the Members of the Company and certain others listed on the
execution page of this Agreement (collectively, the &#147;Members&#148;). Certain other capitalized terms
used herein are defined in <U>Article&nbsp;XI</U> and throughout this Agreement.


<P align="center" style="font-size: 10pt"><U><B>RECITALS</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is in the business of providing internet media and online and offline marketing
programs, including permission based e-mail advertising, e-mail database append services, online
surveys, ad serving networks and internet compiled direct mail lists (the &#147;Business&#148;). Cenuco
desires to purchase and the Company desires to sell, all of the assets, properties and business of
the Company (the &#147;Acquisition&#148;) on the terms and subject to the conditions set forth in this
Agreement.


<P align="center" style="font-size: 10pt"><U><B>TERMS OF AGREEMENT</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration of the mutual representations, warranties, covenants and agreements contained
herein, the parties hereto agree as follows:


<P align="center" style="font-size: 10pt"><B>ARTICLE I</B>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.1 </B><U><B>Purchased Assets</B></U><B>. </B>Upon the terms and subject to the conditions of this Agreement,
at the Closing (as defined in <U>Article&nbsp;III</U>), the Company will sell, convey, transfer, assign
and deliver to Cenuco (or one or more of its assignees) all of its right, title and interest in and
to its assets, properties and business of every kind and description, whether real, personal or
mixed, tangible or intangible, wherever located (except those assets of the Company which are
specifically excluded as provided in <U>Section&nbsp;1.2</U> hereof) as they shall exist on the Closing
Date (as defined in <U>Article&nbsp;III</U>), whether or not appearing on the Current Balance Sheet (as
defined in <U>Section&nbsp;5.7</U>) or on any Schedule hereto (collectively, the &#147;Purchased Assets&#148;),
free and clear of any Lien (as defined in <U>Section&nbsp;11.1</U>) other than as permitted herein.
Without limiting the generality of the foregoing, the Purchased Assets shall include, but not be
limited to, the following:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Database</U>. All information contained in the databases maintained by the Company
(the &#147;Database&#148;).



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Other Tangible Personal Property</U>. All machinery, computer equipment, computer
software, equipment, tools, supplies, leasehold improvements, construction in progress, furniture
and fixtures, trucks, automobiles, vehicles and any other fixed assets owned or leased by the
Company, as more particularly described on <U>Schedule&nbsp;1.1(b)</U> attached hereto not related to
the Excluded Assets;


<P align="center" style="font-size: 10pt">&nbsp;
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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Customer Accounts</U>. All of the customer accounts and customer account contracts
(the &#147;Customer Contracts&#148;) of the Company, as more particularly described on <U>Schedule
1.1(c)</U> attached hereto;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <U>Assumed Contracts</U>. All of the interest, rights and benefits accruing to the
Company under any dealer, sales or service agreements or any other Contracts (as defined in Section
11.1) to which the Company is a party which are set forth on <U>Schedule&nbsp;1.1(d)</U> attached
hereto (the &#147;Assumed Contracts&#148;);



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <U>Cash and Cash Equivalents</U>. All cash and cash equivalents and investments, whether
short-term or long-term, of the Company, including without limitation, bank accounts, certificates
of deposit, treasury bills and securities;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <U>Prepayments</U>. All prepaid and deferred items of the Company, including without
limitation, prepaid rentals, insurance, taxes, tax refunds and unbilled charges and deposits
relating to the operations of the Company;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Receivables</U>. All receivables of the Company (collectively, &#147;Receivables&#148;),
including without limitation all trade accounts receivables, notes receivable, receivables arising
as a result of contracts in transit and receivables from manufacturers, insurance companies,
service contract providers and any other vendors or suppliers of the Company not related to the
Excluded Assets;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) <U>Equipment Leases</U>. All of the interest of and the rights and benefits accruing to
the Company as lessee under leases of machinery, vehicles, equipment, tools, furniture and fixtures
and other fixed assets (&#147;Equipment Leases&#148;), as more particularly described on <U>Schedule
1.1(h)</U> attached hereto;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) <U>Intangible Property</U>. All of the proprietary rights of the Company, including
without limitation all Intellectual Property and other similar intangible property and rights
relating to the Business, and all goodwill developed through the use of such property and rights,
as more particularly described on <U>Schedule&nbsp;1.1(i)</U> attached hereto;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) <U>Licenses and Permits</U>. To the extent assignable, all permits, licenses,
certificates of authority, franchises, accreditations, registrations and other authorizations
issued or used in connection with the Business;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) <U>Books, Records and Other Assets</U>. All operating data and records of the Company,
including without limitation, customer lists and records, financial, accounting and credit records,
correspondence, budgets and other similar documents and records, and all of the Company&#146;s telephone
and telecopier numbers, and post office boxes; and



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) <U>Real Property</U>. All of the interests, rights and benefits accruing to the Company
as lessee under the Real Property Leases (as defined in <U>Section&nbsp;5.12</U>).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.2 </B><U><B>Excluded Assets</B></U><B>. </B>Notwithstanding anything to the contrary set forth in
<U>Section&nbsp;1.1</U>, the Purchased Assets shall exclude the following assets of the Company
(&#147;Excluded Assets&#148;): (i)&nbsp;the Purchase Price (as defined in <U>Section&nbsp;2.1</U>) and other rights of
the Company under


<P align="center" style="font-size: 10pt">2
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<P align="justify" style="font-size: 10pt">this Agreement; (ii)&nbsp;the organizational records and ownership records of the Company; and
(iii)&nbsp;the stock of subsidiaries, if any; and (iv)&nbsp;in the event the condition of <U>Section
8.4(b)</U> is met Twenty-Seven Thousand Dollars ($27,000.00) may be utilized for payment due to one
of the Members.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.3 </B><U><B>Assignment of Contracts</B></U><B>. </B>Notwithstanding anything in this Agreement to the
contrary, this Agreement shall not constitute an assignment of any claim, contract, license,
franchise, lease, commitment, sales order, sales contract, supply contract, service agreement,
purchase order or purchase commitment if an attempted assignment thereof, without the consent of a
third party thereto, would constitute a breach thereof or in any way adversely affect the rights of
Cenuco thereunder. If such consent is not obtained, or if any attempt at an assignment thereof
would be ineffective or would affect the rights of the Company thereunder so that Cenuco would not
in fact receive all such rights, the Company shall reasonably cooperate with Cenuco to the extent
necessary to provide for Cenuco the benefits under such claim, contract, license, franchise, lease,
commitment, sales order, sales contract, supply contract, service agreement, purchase order or
purchase commitment, including subcontracting all rights and obligations thereunder to Cenuco and
enforcement for the benefit of Cenuco of any and all rights of the Company against a third party
thereto arising out of the breach or cancellation by such third party or otherwise to the fullest
extent permitted by law or agreement.


<P align="center" style="font-size: 10pt"><B>ARTICLE II</B>



<P align="center" style="font-size: 10pt"><U><B>PURCHASE PRICE; ASSUMED LIABILITIES</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.1 </B><U><B>Purchase Price</B></U><B>. </B>The purchase price to be paid to the Company for the Purchased
Assets (the &#147;Purchase Price&#148;) shall be the sum of Twenty-Two Million Five Hundred Thousand and
00/100 Dollars ($22,500,000.00).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, the Company shall pay at Closing all Indebtedness (as defined in <U>Article
XI</U>).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.2 </B><U><B>Payment of Purchase Price</B></U><B>.</B>




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Purchase Price shall be payable to the Company in the following manner:



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Seventeen Million One Hundred Thousand and 00/100 Dollars ($17,100,000.00) (less
the Deferred Amount described in <U>Section&nbsp;2.2(b)</U>), payable in shares of common stock,
par value $.001 per share of Cenuco (the &#147;Cenuco Common Stock&#148;) determined by dividing such
amount by Four Dollars ($4.00);



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Five Million Four Hundred Thousand and 00/100 Dollars ($5,400,000.00) of the
Purchase Price by wire transfer of immediately available funds.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Ten percent (10%) of the Purchase Price (the &#147;Deferred Amount&#148;) in Cenuco Common Stock
shall be deferred by Cenuco, and subject to the provisions of <U>Article&nbsp;X</U> hereof.


<P align="center" style="font-size: 10pt">3
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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Cenuco acknowledges that the Company intends to transfer the shares of Cenuco Common Stock
to be issued to the Company hereunder (and rights to the Deferred Amount) to certain of the
Members, and Cenuco agrees to cooperate with any such transfers, including promptly reissuing such
shares of Cenuco Common Stock upon receipt of the original certificates and appropriate stock
transfers. Notwithstanding anything to the contrary contained herein, Cenuco further agrees that
any rights relating to such shares of Cenuco Common Stock existing under the Agreement or any other
agreements executed in connection herewith shall be transferable with such shares to such Members
and will be enforceable by such Members.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.3 </B><U><B>Assumed Liabilities</B></U><B>. </B>As of the Closing, Cenuco shall assume and agree to pay,
discharge and perform when lawfully due (provided that Cenuco reserves all rights to seek
indemnification pursuant to <U>Article&nbsp;X</U> hereof) all of the obligations, duties and
liabilities of the Company with respect to the following (the &#147;Assumed Liabilities&#148;): (a)&nbsp;Customer
Contracts, Assumed Contracts, Equipment Leases and Real Property Leases; and (b)&nbsp;current
liabilities of the Company as reflected on the Current Balance Sheet (including Tax accruals for
sales, employee withholding and payroll taxes, limited to the amount of such accrual and as accrued
or incurred in the ordinary course of business consistent with past practices.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.4 </B><U><B>Excluded Liabilities</B></U><B>. </B>Except for the Assumed Liabilities, the parties expressly
agree that Cenuco shall not assume otherwise become liable for any other obligations or liabilities
of the Company or for any of the following liabilities (the &#147;Excluded Liabilities&#148;): (a)&nbsp;any
liability or obligation relating to Indebtedness, other liabilities or Taxes (as defined in
<U>Article&nbsp;XI</U>) of the Company; (b)&nbsp;any Environmental Liability (as defined in <U>Article
XI</U>); (c)&nbsp;any liability or obligation relating to any default under any of the Assumed
Liabilities to the extent such default existed prior to the Closing; (d)&nbsp;any liability or
obligation (which is not an Assumed Liability), whether in tort, contract or for violation of any
law, statute, rule or regulation by the Company or the Members or any officer, director, employee
or agent of the Company, that arises out of or results from any act, omission, occurrence or state
of facts prior to the Closing; (e)&nbsp;any liability or obligation of the Company with respect to or
arising out of any Employee Benefit Plan (as defined in <U>Section&nbsp;5.16</U>), collective
bargaining agreements or any other plans or arrangements for the benefit of any current or former
employees, leased employees, officers, Members or directors of the Company or any affiliated
companies, which are maintained by the Company, any affiliated company or any third party; (f)&nbsp;any
liability or obligation of the Company and the Members with respect to the Excluded Assets; and (g)
any liability or obligation of the Company to the Members or any of its Affiliates, whether by
contract, pursuant to law, or otherwise.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.5 </B><U><B>No Expansion of Third Party Rights</B></U><B>. </B>The assumption by Cenuco of the Assumed
Liabilities, and the transfer thereof by the Company, shall in no way expand the rights or remedies
of any third party against Cenuco or the Company as compared to the rights and remedies which such
third party would have had against the Company had Cenuco not assumed such liabilities. Without
limiting the generality of the preceding sentence, the assumption by Cenuco of the Assumed
Liabilities shall not create any third party beneficiary rights.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.6 </B><U><B>Tax Treatment; Allocation of Purchase Price</B></U><B>. </B>The parties hereto intend that the
transactions contemplated by this Agreement shall be treated for tax purposes as a taxable purchase
under the Code. The parties agree that the allocation of the purchase price of the


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<P align="justify" style="font-size: 10pt">Company&#146;s fixed assets for tax purposes shall be mutually agreed to by the parties prior to
Closing. The parties agree to allocate the Purchase Price among such Purchased Assets in a manner
consistent with the requirements set forth in the Code, including Code Section&nbsp;1060, and the
Treasury regulations promulgated thereunder. In addition, it is agreed that such allocation will
be binding on both parties for federal income tax purposes in connection with this purchase and
sale of the Purchased Assets, and will be consistently reflected by each party on their respective
federal income tax returns. The parties agree to prepare and timely file all applicable Internal
Revenue Service forms, including Form&nbsp;8594 (Asset Acquisition Statement) and other governmental
forms, to cooperate with each other in the preparation of such forms, and to furnish each other
with a copy of such forms prepared in draft, within a reasonable period prior to the filing due
date thereof.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.7 </B><U><B>Closing Audit</B></U><B>. </B>(a)&nbsp;Within seventy-five (75)&nbsp;days after the Closing Date, Cenuco&#146;s
auditor shall prepare an audit of the internally prepared Balance Sheet of the Company as of the
Closing Date (the &#147;Closing Balance Sheet&#148;), including a determination or working capital (the
&#147;Working Capital Determination&#148;) of the Company (the &#147;Closing Audit&#148;). &#147;Working Capital&#148; shall be
defined as the Company&#146;s current assets (including cash, accounts receivables, and prepaid
expenses, less the Company&#146;s current liabilities (including accounts payable, reimbursed expenses,
accrued expenses and payroll liabilities). The Closing Audit shall be prepared in accordance with
GAAP. The amount of adjustments to the Closing Balance Sheet necessary to bring it into compliance
with GAAP which result in a decrease in assets or equity of the Company or an increase in the
liabilities of the Company (as such items appear on the Closing Balance Sheet), and the amount by
which working capital is less than One Million Dollars ($1,000,000.00) shall be aggregated (the
&#147;Audit Adjustments&#148;). The Audit Adjustments shall be paid to Cenuco by set off of the Deferred
Amount and shall be considered to be an adjustment to the Purchase Price on a dollar-for-dollar
basis.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon completion of the Closing Audit and the determination of whether Audit Adjustments
are necessary, Cenuco shall provide a copy of the Closing Audit, Working Capital Determination and
Audit Adjustments to the Company. Within twenty (20)&nbsp;days after receipt by the Company of the
Closing Audit, Working Capital Determination and Audit Adjustments, the Company shall notify Cenuco
in writing of any disagreement (a &#147;Dispute Notice&#148;) with the Closing Audit, Working Capital
Determination and Audit Adjustments, and shall detail the amount, nature and basis of each disputed
item and shall provide reasons why such item is disputed, and the alternate determination they
believe to be appropriate. If no Dispute Notice is received by Cenuco during such time the Company
and the Members shall be deemed to have accepted the determination of the Closing Audit, Working
Capital Determination and Audit Adjustments. If a Dispute Notice is received the parties shall
meet and seek in good faith to reach agreement on the disputed items. If the parties are unable to
reach agreement within twenty days of receipt of the Dispute Notice, the disputed items shall be
submitted for review and determination by an independent nationally recognized accounting firm
mutually selected by the parties (the &#147;Audit Arbitrator&#148;). All determinations made by the Audit
Arbitrator shall be in writing and shall be binding and conclusive upon all the parties, absent
fraud or manifest error.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The fees and expenses of the Audit Arbitrator shall be borne equally by the parties.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If no Dispute Notice is received or upon resolution of the disputed items listed in the
Dispute Notice the Purchase Price shall be adjusted and such Audit Adjustments shall be set off
from the Deferred Amount.


<P align="center" style="font-size: 10pt"><B>ARTICLE III</B>



<P align="center" style="font-size: 10pt"><U><B>CLOSING</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to and after fulfillment or waiver of the conditions set forth in <U>Article&nbsp;VIII</U>
and <U>Article&nbsp;IX</U> of this Agreement, the Closing of the purchase and sale of the Purchased
Assets (the &#147;Closing&#148;) shall take place on a date selected by Cenuco within three (3)&nbsp;business days
after satisfaction or waiver of such conditions, at the offices of Cenuco&#146; counsel in Ft.
Lauderdale, Florida or such other time and place as the parties may otherwise agree. The date on
which the Closing occurs shall be referred to herein as the &#147;Closing Date&#148;.


<P align="center" style="font-size: 10pt"><B>ARTICLE IV</B>



<P align="center" style="font-size: 10pt"><U><B>REPRESENTATIONS AND WARRANTIES OF CENUCO</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a material inducement to the Company and the Members to enter into this Agreement and to
consummate the transactions contemplated hereby, Cenuco makes the following representations and
warranties to the Company and the Members:


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.1 </B><U><B>Corporate Status</B></U><B>. </B>Cenuco is a corporation duly organized, validly existing and in
good standing under the laws of the State of Delaware.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.2 </B><U><B>Corporate Power and Authority</B></U><B>. </B>Cenuco has the corporate power and authority to
execute and deliver this Agreement, to perform its obligations hereunder and to consummate the
transactions contemplated hereby. Cenuco has taken all action necessary to authorize the execution
and delivery of this Agreement, the performance of its obligations hereunder and the consummation
of the transactions contemplated hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.3 </B><U><B>Enforceability</B></U><B>. </B>This Agreement has been duly executed and delivered by Cenuco and
constitutes the legal, valid and binding obligation of Cenuco, enforceable against Cenuco in
accordance with its terms, except as the same may be limited by applicable bankruptcy, insolvency,
reorganization, moratorium or similar laws affecting the enforcement of creditors&#146; rights generally
and general equitable principles regardless of whether such enforceability is considered in a
proceeding at law or in equity.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.4 </B><U><B>No Commissions</B></U><B>. </B>Except with respect to any finder&#146;s or broker&#146;s or agent&#146;s fees
or commissions owed to any Cenuco&#146; employee or consultant pursuant to the terms of any contract or
agreement, Cenuco has not incurred any obligation for any finder&#146;s or broker&#146;s or agent&#146;s fees or
commissions or similar compensation in connection with the transactions contemplated hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.5 </B><U><B>Cenuco Common Stock</B></U><B>. </B>Upon consummation of the Acquisition and the issuance and
delivery of certificates representing Cenuco common stock pursuant to <U>Section&nbsp;2.2(a)(i)</U>,
such Common Stock will be duly authorized, validly issued, fully paid and non


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<P align="justify" style="font-size: 10pt">assessable shares of Cenuco Common Stock and free of any preemptive rights. The authorized
capital stock of Cenuco includes 25,000,000 shares of Cenuco Common Stock, of which 12,247,271
shares were issued and outstanding as of September&nbsp;15, 2004.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.6 </B><U><B>No Violation</B></U><B>. </B>The execution and delivery of this Agreement by Cenuco, the
performance by Cenuco of its obligations hereunder and the consummation by Cenuco of the
transactions contemplated hereby will not (i)&nbsp;contravene any provision of the Certificate of
Incorporation or bylaws of Cenuco, (ii)&nbsp;violate or conflict with any law, statute, ordinance, rule,
regulation, decree, writ, injunction, judgment or order of any Governmental Authority or of any
arbitration award which is either applicable to, binding upon or enforceable against Cenuco, (iii)
conflict with, result in any breach of, or constitute a default (with or without the passage of
time or the giving of notice or both) under, or give rise to a right to terminate, amend, modify,
abandon or accelerate, any Contract which is applicable to, binding upon or enforceable against
Cenuco, or (iv)&nbsp;require the consent, approval, authorization or permit of, or filing with or
notification to, any Governmental Authority, any court or tribunal or any other Person.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>4.7 </B><U><B>SEC Filings</B></U>. Cenuco has previously furnished or made available to the Company
complete and accurate copies, as amended or supplemented, of its (a)&nbsp;Annual Report on Form 10-K for
the fiscal year ended June&nbsp;30, 2004, as filed with the SEC, and (b)&nbsp;all other reports filed by
Cenuco under Section&nbsp;13 or subsections (a)&nbsp;or (c)&nbsp;of Section&nbsp;14 of the Exchange Act with the SEC
since July&nbsp;1, 2004 (such reports are collectively referred to herein as the &#147;Cenuco Reports&#148;). The
Cenuco Reports constitute all of the documents required to be filed by Cenuco under Section&nbsp;13 or
subsections (a)&nbsp;or (c)&nbsp;of Section&nbsp;14 of the Exchange Act with the SEC from July&nbsp;1, 2003 through the
date of this Agreement. The Cenuco Reports complied in all material respects with the requirements
of the Exchange Act and the rules and regulations thereunder when filed. As of their respective
dates, the Cenuco Reports did not contain any untrue statement of a material fact or omit to state
a material fact required to be stated therein or necessary to make the statements therein, in light
of the circumstances under which they were made, not misleading. The audited financial statements
and unaudited interim financial statements of Cenuco included in the Cenuco Reports (i)&nbsp;complied as
to form in all material respects with applicable accounting requirements and the published rules
and regulations of the SEC with respect thereto when filed, (ii)&nbsp;were prepared in accordance with
GAAP applied on a consistent basis throughout the periods covered thereby (except as may be
indicated therein or in the notes thereto, and in the case of quarterly financial statements, as
permitted by Form 10-Q under the Exchange Act), (iii)&nbsp;fairly present the consolidated financial
condition, results of operations and cash flows of Cenuco as of the respective dates thereof and
for the periods referred to therein, and (iv)&nbsp;are consistent with the books and records of Cenuco.


<P align="center" style="font-size: 10pt"><B>ARTICLE V</B>



<P align="center" style="font-size: 10pt"><U><B>REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND<BR>
THE MEMBERS</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As a material inducement to Cenuco to enter into this Agreement and to consummate the
transactions contemplated hereby, the Company and the Members, jointly and severally, make the
following representations and warranties to Cenuco:


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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.1 </B><U><B>Corporate Status</B></U><B>. </B>The Company is a limited liability company duly organized,
validly existing and in good standing under the laws of Florida, and has the requisite power and
authority to own or lease its properties and to carry on its business as now being conducted. The
Company is not legally qualified to transact business as a foreign limited liability company in any
jurisdiction, and the nature of its properties and the conduct of its business does not require
such qualification. The Company has fully complied with all of the requirements of any statute
governing the use and registration of fictitious names, and has the legal right to use the names
under which it operates its business. There is no pending or threatened proceeding for the
dissolution, liquidation, insolvency or rehabilitation of the Company.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.2 </B><U><B>Power and Authority</B></U><B>. </B>The Company has the power and authority to execute and
deliver of this Agreement, to perform its obligations hereunder and to consummate the transactions
contemplated hereby. The Company has taken all action necessary to authorize the execution and
delivery this Agreement, the performance of its obligations hereunder and the consummation of the
transactions contemplated hereby. The Members have the requisite competence, power and authority
to execute and deliver this Agreement, to perform their respective obligations hereunder and to
consummate the transactions contemplated hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.3 </B><U><B>Enforceability</B></U><B>. </B>This Agreement has been duly executed and delivered by the Company
and the Members, and this Agreement constitutes the legal, valid and binding obligation of each of
them, enforceable against each of them in accordance with its terms, except as the same may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting
the enforcement of creditors&#146; rights generally and general equitable principles regardless of
whether such enforceability is considered in a proceeding at law or in equity.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.4 </B><U><B>Capitalization</B></U><B>. </B><U>Schedule&nbsp;5.4</U> sets forth, with respect to the Company, all
outstanding Membership interests, each holder of any such Membership interests and the Company
shall provide at Closing percentage or amount of such membership interests held by each Member.
There are no outstanding or authorized rights, options, warrants, convertible securities,
subscription rights, conversion rights, exchange rights or other agreements or commitments of any
kind that could require the Company to issue or sell any membership interests (or securities
convertible into or exchangeable for membership interests). There are no outstanding stock
appreciation, phantom stock, profit participation or other similar rights with respect to the
Company. Other than as set forth herein and as set forth on <U>Schedule&nbsp;5.4</U>, there are no
proxies, voting rights or other agreements or understandings with respect to the voting or transfer
of the membership interests of the Company. Except as set forth on <U>Schedule&nbsp;5.4</U>, the
Company is not obligated to redeem or otherwise acquire any of its outstanding membership
interests. The Members are the record and beneficial owners of all of such membership interests and
the Members owns such membership interests free and clear of all Liens, restrictions and claims of
any kind.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.5 </B><U><B>No Violation</B></U><B>. </B>Except as set forth on <U>Schedule&nbsp;5.5</U>, the execution and
delivery of this Agreement by the Company and the Members, the performance by the Company and the
Members of their respective obligations hereunder and the consummation by the Company and the
Members of the transactions contemplated hereunder will not (i)&nbsp;contravene any provision of the
articles of organization or operating agreement of the Company, (ii)&nbsp;violate or conflict with


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<P align="justify" style="font-size: 10pt">any law, statute, ordinance, rule, regulation, decree, writ, injunction, judgment or order of
any Governmental Authority or of any arbitration award which is either applicable to, binding upon
or enforceable against, the Company, the Members or the Purchased Assets, (iii)&nbsp;conflict with,
result in any breach of, or constitute a default (with or without the passage of time or the giving
of notice or both, constitute a default) under, or give rise to a right to terminate, amend,
modify, abandon or accelerate, any Contract which is applicable to, binding upon or enforceable
against, the Company, the Members or the Purchased Assets, (iv)&nbsp;result in or require the creation
or imposition of any Lien upon or with respect to any of the Purchased Assets, or (v)&nbsp;require the
consent, approval, authorization or permit of, or filing with or notification to, any Governmental
Authority, any court or tribunal or any other Person.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.6 </B><U><B>Subsidiaries</B></U><B>. </B>Except as set forth on <U>Schedule&nbsp;5.6</U>, the Company does not
own, directly or indirectly, any outstanding voting securities of or other interests in, or
control, any other corporation, partnership, joint venture or other business entity.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.7 </B><U><B>Financial Statements</B></U><B>. </B>The Company and the Members shall deliver to Cenuco as soon
as possible (i)&nbsp;the audited financial statements of the Company for the year ending September&nbsp;30,
2004, including the notes thereto (if applicable), which are currently being audited (the &#147;Annual
Statements or the &#147;Financial Statements&#148;), and copies of which are to be attached to <U>Schedule
5.7</U> hereto. The balance sheet dated as of September&nbsp;30, 2004 of the Company included in the
Financial Statements is also referred to herein as the &#147;Current Balance Sheet.&#148; The Financial
Statements shall fairly present the financial position of the Company at each of the balance sheet
dates and the results of operations for the periods covered thereby, and have been prepared in
accordance with GAAP consistently applied throughout the periods indicated, except as described on
<U>Schedule&nbsp;5.7</U>. The books and records of the Company fully and fairly reflect all
transactions, properties, assets and liabilities of the Company. Except as set forth on
<U>Schedule&nbsp;5.7</U> there will be no extraordinary or non-recurring items of income or expense
during the periods covered by the Financial Statements and the balance sheets included in the
Financial Statements do not reflect any writeup or revaluation increasing the book value of any
assets, except as specifically disclosed in the notes thereto. The Financial Statements will
reflect all adjustments necessary for a fair presentation of the financial information contained
therein.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.8 </B><U><B>Changes Since the Current Balance Sheet Date</B></U><B>. </B>Since the date of the Current
Balance Sheet, the Company has operated in the ordinary course of business and has not (i)&nbsp;issued
any membership interests or other securities; (ii)&nbsp;made any distribution of or with respect to its
membership interests or other securities or purchased or redeemed any of its membership interests
or securities; (iii)&nbsp;paid any bonus to or increased the rate of compensation of any of its officers
or salaried employees or amended any other terms of employment of such persons; (iv)&nbsp;sold, leased
or transferred any of its properties or assets other than in the ordinary course of business
consistent with past practices; (v)&nbsp;made or obligated itself to make capital expenditures out of
the ordinary course of business consistent with past practices; (vi)&nbsp;made any payment in respect of
its liabilities other than in the ordinary course of business consistent with past practices; (vii)
incurred any obligations or liabilities (including any Indebtedness) or entered into any
transaction or series of transactions involving in excess of Ten Thousand Dollars ($10,000) in the
aggregate out of the ordinary course of business, consistent with past practices except for this
Agreement and the transactions contemplated hereby; (viii)&nbsp;suffered any theft, damage, destruction
or casualty loss, not covered by insurance and for which a timely claim was filed, in


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<P align="justify" style="font-size: 10pt">excess of Ten Thousand Dollars ($10,000) in the aggregate; (ix)&nbsp;suffered any extraordinary
losses (whether or not covered by insurance); (x)&nbsp;waived, canceled, compromised or released any
rights having a value in excess of Ten Thousand Dollars ($10,000) in the aggregate; (xi)&nbsp;made or
adopted any change in its accounting practice or policies; (xii)&nbsp;made any adjustment to its books
and records other than in respect of the conduct of its business activities in the ordinary course
consistent with past practices; (xiii)&nbsp;entered into any transaction with any Affiliate; (xiv)
entered into any employment agreement; (xv)&nbsp;entered into, terminated, amended or modified any
agreement involving an amount in excess of Ten Thousand Dollars ($10,000); (xvi)&nbsp;imposed any
security interest or other Lien on any of its assets; (xvii)&nbsp;delayed paying any accounts payable
which are due and payable except to the extent being contested in good faith; (xviii)&nbsp;made or
pledged any charitable contribution in excess of Five Thousand Dollars ($5,000); (xix)&nbsp;entered into
any other transaction or been subject to any event which has or may have a Material Adverse Effect
on the Company; (xx)&nbsp;acquired any interest in any corporation, partnership or other venture; (xxi)
made any loans to any third party or employee except in the ordinary course of business consistent
with past practices; or (xxii)&nbsp;agreed to do or authorized any of the foregoing.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.9 </B><U><B>Liabilities of the Company; Indebtedness</B></U><B>. </B>The Company does not have any
liabilities or obligations, whether accrued, absolute, contingent or otherwise, except (a)&nbsp;to the
extent reflected or taken into account in the Current Balance Sheet and not heretofore paid or
discharged, (b)&nbsp;liabilities incurred in the ordinary course of business consistent with past
practice since the date of the Current Balance Sheet (none of which relates to breach of contract,
breach of warranty, tort, infringement or violation of law, or which arose out of any action, suit,
claim, governmental investigation or arbitration proceeding), and (c)&nbsp;normal accruals,
reclassifications, and audit adjustments which would be reflected on an audited financial statement
and which would not be material in the aggregate. <U>Schedule&nbsp;5.9</U> is a true and complete list
of all Indebtedness of the Company, including the name of the lender, payoff amount, per diem
interest and any prepayment penalties or premiums.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.10 </B><U><B>Litigation</B></U><B>. </B>Except as set forth on <U>Schedule&nbsp;5.10</U>, there is no action,
suit, or other legal or administrative proceeding or governmental investigation pending, or to the
knowledge of the Company or the Members threatened or contemplated, against, by or affecting, the
Company, the Members or the Purchased Assets, or which questions the validity or enforceability of
this Agreement or the transactions contemplated hereby, and there is no basis for any of the
foregoing. Except as set forth on <U>Schedule&nbsp;5.10</U>, there has been no action, suit or other
legal or administrative proceeding or governmental investigation against, by or affecting the
Company, the Members or the Purchased Assets. There are no outstanding orders, decrees,
stipulations or agreements issued by any Governmental Authority in any proceeding or agreed to by
the Company or the Members to which the Company or the Members are or were a party which have not
been complied with in full.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.11 </B><U><B>Environmental Matters</B></U><B>.</B>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company is and has at all times been in full compliance with all Environmental Laws
governing its business, operations, properties and assets.


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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.12 </B><U><B>Real Estate</B></U><B>. </B>The Company does not own any parcels of real property.
<U>Schedule&nbsp;5.12</U> sets forth a list of all leases, licenses or similar agreements for the use
or occupancy of real property to which the Company is a party (&#147;Real Property Leases&#148; ) copies of
which have previously been furnished to Cenuco, in each case setting forth: (a)&nbsp;the lessor and
lessee thereof and the date and term of each of such leases, (b)&nbsp;the legal description, if known,
including street address, of each property covered thereby (the &#147;Leased Premises&#148;), and (c)&nbsp;a brief
description (including size and function) of the principal improvements and buildings thereon. The
Real Property Leases are in full force and effect and have not been amended, and neither the
Company nor, to the knowledge of the Company and the Members any other party thereto, is in default
or breach under any such Lease. No event has occurred which, with the passage of time or the
giving of notice or both, would cause a breach of or default by the Company under any of such
leases and, to the knowledge of the Company and the Members, there is no breach or anticipated
breach by any other party to such leases. With respect to each of the Leased Premises the Company
has valid leasehold interests or other rights of use and occupancy in the Leased Premises, free and
clear of any Liens on such leasehold interests or other rights of use and occupancy, or any
covenants, easements or title defects known to or created by the Company, except as do not affect
the occupancy or uses of such properties.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.13 </B><U><B>Good Title, Adequacy and Condition of Assets</B></U><B>. </B>The Company has, and upon payment
of the Indebtedness identified on <U>Schedule&nbsp;5.9</U> at the Closing will have, good and
marketable title to the Purchased Assets, including, but not limited to the Database, with full
power to sell, transfer and assign the same, free and clear of any Liens, other than Liens for
personal property taxes not yet due and payable. The Purchased Assets constitute, in the
aggregate, all of the assets and properties necessary for the conduct of the Business in the manner
in which and to the extent to which such Business is currently being conducted. The Purchased
Assets are in good operating condition and repair, normal wear and tear excepted, and have been
maintained in accordance with all applicable specifications and warranties and normal industry
practice.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.14 </B><U><B>Compliance with Laws; Licenses and Permits</B></U><B>.</B>




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company has complied in all material respects with all laws, regulations and orders
applicable to it, its Business and operations as presently or previously conducted, including all
federal state and local privacy laws, rules and regulations, and all other applicable Laws of
similar tenor and effect. None of the Fair Credit Reporting Act, the Consumer Credit Protection
Act, the Truth in Lending Act, the Fair Credit Billing Act, the Equal Credit Opportunity Act, the
Fair Debt Collections Practices Act, the Graham-Leach-Bliley Act, nor any federal regulatory rules
and regulations promulgated pursuant to these laws are generally applicable to the operations of
the Business. Company thereof has obtained all material federal, state, local and foreign
governmental licenses and permits which are required for the conduct of the Business presently or
proposed to be conducted by Company thereof, which licenses permits are in full force and effect
and no material violations are outstanding or uncured with respect to any such licenses or permits
and no proceeding is pending or, to the Knowledge of Company, threatened to revoke or limit any
thereof. Schedule&nbsp;5.14 lists all material federal, state, local and foreign governmental licenses
and permits of Company thereof which are used in or relate to the Business. Company has furnished
to Cenuco true and correct copies of all licenses and permits required for or used in the Business.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <U>Schedule&nbsp;5.14</U> sets forth the consumer privacy policies that have been adopted by
the Company thereof in connection with the Business and that are currently in effect for the
Company. The Company thereof has complied in all material respects with all such consumer privacy
policies and any applicable privacy policies posted on its web sites. The Company has taken
commercially reasonable steps to protect and maintain the confidential nature of the personal
information provided to the Company thereof by Persons who do not consent to the disclosure of such
information. All personally identifiable information collected by the Company thereof has been used
in accordance with the applicable privacy policy at the time of such collection.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All information (the &#147;<U>Database Information</U>&#148;) contained in the Databases maintained
by Company has been at all times (i)&nbsp;collected in substantial compliance with fair information
collection practices (including but not limited to (a)&nbsp;the guidelines promulgated by the Online
Privacy Alliance; (b)&nbsp;the standards promulgated by the Direct Marketing Association, and (c)&nbsp;all
applicable Federal, state and other laws, rules and regulations including but not limited to those
relating to the use or collection of information collected from or about consumers) so that, at a
minimum and prior to submitting any information to Company or its agents, Internet users received
notice of how the information will be used and a choice whether to submit such information; and
(ii)&nbsp;stored, maintained and used in accordance with such notices and all Federal, state and local
laws, rules and regulations. Company has the right to use and commercially exploit the Database
Information, free of consideration to any third party. The Databases contain approximately One
Hundred Million (100,000,000), and at a minimum no less than Sixty-Five (65,000,000) Valid and
Unique Records. For purposes of this Agreement, a &#147;<U>Valid and Unique Record</U>&#148; is (i)&nbsp;a Record
with an e-mail address that accepts delivery of email transmissions (i.e., emails not rejected as
&#147;undeliverable&#148;); (ii)&nbsp;the post office address of the residence of the person with the applicable
e-mail address; and (iii)&nbsp;a subject Record is not duplicative of other Records contained in any of
the Databases. The Company has Eighty Million (80,000,000) records meeting the criteria of (i)&nbsp;and
(iii)&nbsp;of the definition of Valid and Unique Records. For purposes of this Agreement, a
&#147;<U>Record</U>&#148; is set a of information on consisting of: (i)&nbsp;one &#147;opt-in&#148; or &#147;permission-based&#148;
e-mail address, and (ii)&nbsp;the first and last name of the e-mail user that uses such e-mail address.
In determining whether there are Sixty-Five Million (65,000,000) Valid and Unique Records, a
duplicative Record will be counted only once.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.15 </B><U><B>Labor and Employment Matters</B></U><B>. </B><U>Schedule&nbsp;5.15</U> sets forth the name, address
and current rate of compensation and/or commission of each employee of the Company. The Company is
not a party to or bound by any collective bargaining agreement or any other agreement with a labor
union, and there has been no effort by any labor union during the twenty-four (24)&nbsp;months prior to
the date hereof to organize any employees of the Company into one or more collective bargaining
units. There is no pending, or to the knowledge of the Company and the Members threatened, labor
dispute, strike or work stoppage which affects or which may affect the Business or which may
interfere with its continued operations. Neither the Company nor any agent, representative or
employee thereof has within the last twenty-four (24)&nbsp;months committed any unfair labor practice as
defined in the National Labor Relations Act, as amended, and there is no pending, or to the
knowledge of the Company and the Members threatened, charge or complaint against the Company by or
with the National Labor Relations Board or any representative thereof. Neither the Company nor the
Members is aware that any key employee


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<P align="justify" style="font-size: 10pt">or group of employees has any plans to terminate his or their employment with the Company.
There has been no strike, walkout or work stoppage involving any of the employees of the Company
during the twenty-four (24)&nbsp;months prior to the date hereof. <U>Schedule&nbsp;5.15</U> sets forth all
commission and/or incentive compensation plans and the terms of such plans including when paid of
the Company and the terms of such plans including when paid. Except as set forth on <U>Schedule
5.15</U>, neither the Company nor any of its officers or employees are a party or subject to any
employment agreements, noncompete agreements or consulting agreements, and the Members are not
party to any agreement with any employee or consultant of the Company or has any other arrangement
to pay any salary, bonus or other compensation to any such person after the Closing Date. The
Company has complied in all material respects with applicable laws, rules and regulations relating
to employment, civil rights and equal employment opportunities, including but not limited to, the
Civil Rights Act of 1964, the Fair Labor Standards Act, the Americans with Disabilities Act, as
amended and the Immigration Reform and Control Act of 1986, as amended.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.16 </B><U><B>Employee Benefit Plans</B></U><B>.</B>



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;5.16</U> contains a true and complete list of each employee benefit plan as
defined in Section&nbsp;3(2) of the Employee Retirement Income Security Act of 1974, as amended
(&#147;ERISA&#148;), employee welfare benefits plan as defined in Section&nbsp;3(1) of ERISA, and each deferred
compensation, stock option, stock purchase, bonus, medical, welfare, disability, severance or
termination pay, insurance or incentive plan, and each other employee benefit plan, program,
agreement or arrangement, (whether funded or unfunded, written or oral, qualified or nonqualified),
sponsored, maintained or contributed to or required to be contributed to by the Company or by any
trade or business, whether or not incorporated, that together with the Company would be deemed a
&#147;single employer&#148; within the meaning of Section&nbsp;4001 of ERISA (a &#147;Company ERISA Affiliate&#148;), for
the benefit of any employee, terminated employee, leased employee or former leased employee,
director, officer, shareholder or independent contractor of the Company or any Company ERISA
Affiliate (the &#147;Employee Benefit Plans&#148;). <U>Schedule&nbsp;5.16</U> identifies each plan that is an
&#147;employee benefit plan,&#148; within the meaning of Section&nbsp;3(3) of ERISA. The Company has no liability
with respect to any plan, arrangement or practice of the type described in this <U>Section
5.16</U> other than the Employee Benefit Plans set forth on <U>Schedule&nbsp;5.16</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Company does not participate currently and has never participated in and is not
required currently and has never been required to contribute to or otherwise participate in any
&#147;multi employer plan,&#148; as defined in Sections&nbsp;3(37)(A) and 4001(a)(3) of ERISA and Section 414(f)
of the Code or any &#147;multiple employer plan&#148; within the meaning of Section 210(a) of ERISA or
Section 413(c) of the Code.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) No Employee Benefit Plan is or at any time was a &#147;defined benefit plan&#148; as defined in
Section&nbsp;3(35) of ERISA or a pension plan subject to the funding standards of Section&nbsp;302 of ERISA
or Section&nbsp;412 of the Code. The Company does not participate currently and has never participated
in and is not required currently and has never been required to contribute to or otherwise
participate in any plan, program or arrangement subject to Title IV of ERISA.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) With respect to each Employee Benefit Plan of the Company: (i)&nbsp;each has been administered
in compliance with its terms and with all applicable laws including, without limitation, ERISA and
the Code; (ii)&nbsp;no actions, suits, claims or disputes are pending or threatened against any such
plan, the trustee or fiduciary of any such plan, the Company or any assets of any such plan; (iii)
no audits, proceedings, claims or demands are pending with any Governmental Authority including,
without limitation, the Internal Revenue Service and the Department of Labor; (iv)&nbsp;all reports,
returns and similar documents required to be filed with any Governmental Authority or distributed
to any such plan participant have been duly or timely filed or distributed; (v)&nbsp;no &#147;prohibited
transaction&#148;, within the meaning of ERISA or the Code, or breach of any duty imposed on
&#147;fiduciaries&#148; pursuant to ERISA has occurred; (vi)&nbsp;all required or discretionary (in accordance
with historical practices) payments, premiums, contributions, reimbursements or accruals for all
periods ending prior to or as of the Closing shall have been made or properly accrued on the
Current Balance Sheet or will be properly accrued on the books and records of the Company as of the
Closing; (vii)&nbsp;no such plan has any unfunded liabilities which are not reflected on the Current
Balance Sheet or the books and records of the Company.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) True and accurate copies of each Employee Benefit Plan and a copy of the Employee Handbook
of the Company have been furnished to Cenuco. In the case of any unwritten Employee Benefit Plan,
a written description of such plan has been furnished to Cenuco. All amendments required to bring
any Employee Benefit Plan into conformity with any applicable provisions of ERISA and the Code have
been duly adopted.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) With respect to each Employee Benefit Plan of the Company intended to qualify under Code
Section 401(a) or 403(a), (i)&nbsp;the Internal Revenue Service has issued a favorable determination
letter, which has not been revoked, that any such plan is tax-qualified and each trust created
thereunder has been determined by the Internal Revenue Service to be exempt from federal income tax
under Code Section&nbsp;501(a); (ii)&nbsp;nothing has occurred or will occur through the Closing which would
cause the loss of such qualification or exemption or the imposition of any penalty or tax
liability; (iii)&nbsp;no reportable event (within the meaning of Section&nbsp;4043 of ERISA) has occurred;
and (iv)&nbsp;the present value of all liabilities under any such plan will not exceed the current fair
market value of the assets of such plan (determined using the actuarial assumption used for the
most recent actuarial valuation for such plan).



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) No Employee Benefit Plan obligates the Company to pay separation, severance, termination
or similar benefits as a result of any transaction contemplated by this Agreement or solely as a
result of a &#147;change of control&#148; (as defined in Section&nbsp;280G of the Code) and no individual shall
accrue or receive any additional benefits, service or accelerated rights to payments of benefits
under any Employee Benefit Plan as a result of the actions contemplated by this Agreement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) No Employee Benefit Plan provides medical or dental benefits for any current or former
employees of the Company or its predecessors after termination of employment other than the rights
that may be provided by law.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Company has complied with the notice and continuation of coverage requirements of
Section&nbsp;4980B of the Code, and the regulations thereunder, and Part&nbsp;6 of Title I of ERISA (&#147;COBRA&#148;)
and has complied with the Health Insurance Portability and


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<P align="justify" style="font-size: 10pt">Accountability Act of 1996 (&#147;HIPAA&#148;) with respect to any group health plan within the meaning
of Code Section&nbsp;5000(b)(1). The Company will be responsible for the continued compliance with
COBRA and HIPAA with respect to all of its current and former employees at the time of the Closing.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Cenuco will not suffer any loss, cost or liability as a result of any claim that the
Company or any entity that would be aggregated with the Company under Code Section&nbsp;414(b), (c), (m)
or (o), has not complied with the provisions of this <U>Section&nbsp;5.16</U> with respect to each
Employee Benefit Plan maintained by any such entity.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.17 </B><U><B>Tax Matters</B></U><B>. </B>All Tax Returns required to be filed prior to the date hereof with
respect to the Company or its respective income, properties, franchises or operations have been
timely filed, each such Tax Return has been prepared in compliance with all applicable laws and
regulations, and all such Tax Returns are true and accurate in all respects. All liabilities for
Taxes incurred but unpaid whether or not a Tax Return was due or the Tax required to be paid by or
with respect to the Company and the Business have been paid or are accrued on the Current Balance
Sheet. The Company has withheld and paid all Taxes to the appropriate Governmental Authority
required to have been withheld and paid in connection with amounts paid or owing to any employee,
independent contractor, creditor, shareholder, or other third party. With respect to each taxable
period of the Company: (i)&nbsp;no deficiency or proposed adjustment which has not been settled or
otherwise resolved for any amount of Taxes has been asserted or assessed by any taxing authority
against the Company; (ii)&nbsp;the Company has not consented to extend the time in which any Taxes may
be assessed or collected by any taxing authority; (iii)&nbsp;the Company has not requested or been
granted an extension of the time for filing any Tax Return to a date later than the Closing; (iv)
there is no action, suit, taxing authority proceeding, or audit or claim for refund now in
progress, pending, or to the knowledge of the Company and the Members threatened, against or with
respect to the Company regarding Taxes; and (v)&nbsp;there are no Liens for Taxes (other than for
current Taxes not yet due and payable) upon the Assets of the Company. No sales or use tax (other
than sales tax on motor vehicles), non-recurring intangible tax, documentary stamp tax or other
excise tax (or comparable tax imposed by any governmental entity) will be payable by the Company or
Cenuco by virtue of the transactions contemplated in this Agreement.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.18 </B><U><B>Insurance</B></U><B>. </B>The Company is covered by valid, outstanding and enforceable policies
of insurance covering its respective properties, assets, employees and businesses against risks of
the nature normally insured against by corporations in the same or similar lines of business and in
coverage amounts typically and reasonably carried by such corporations (the &#147;Insurance Policies&#148;).
Such Insurance Policies are in full force and effect, and all premiums due thereon have been paid.
The Company has complied with the provisions of such Insurance Policies in all material respects.
<U>Schedule&nbsp;5.18</U> contains a complete and correct list of all Insurance Policies and all
amendments and riders thereto (copies of which have been provided to Cenuco), and identifies the
insurer, type of coverage and policy period for each policy. During the three year period to the
date hereof, the Company has not made any claims under any of the Insurance Policies, and has
suffered no losses that would give rise to any such claims, for an amount in excess of Ten Thousand
Dollars ($10,000) except as set forth on <U>Schedule&nbsp;5.18</U>. The Company has not failed to
give, in a timely manner, any notice required under any of the Insurance Policies to preserve its
rights thereunder.


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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.19 </B><U><B>Receivables</B></U><B>. </B>All Receivables being transferred to Cenuco hereunder are valid and
legally binding, represent bona fide transactions and arose in the ordinary course of business of
the Company. All of the Receivables are good and collectible receivables, and will be collected in
full in accordance with the terms of such Receivables (and in any event within nine (9)&nbsp;months
following the Closing), without dispute, setoff or counterclaims, subject to the allowance for
doubtful accounts, if any, set forth on the Current Balance Sheet and calculated in accordance with
GAAP and further subject to the occurrence of events outside the reasonable control of Company
causing any such receivable to be uncollectible <U>Schedule&nbsp;5.19</U> is a true, complete and
correct list of all Receivables as of the date hereof, as if such Receivables were being
transferred to Cenuco on and as of the date set forth thereon.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.20 </B><U><B>Intellectual Property</B></U><B>.</B>




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <U>Schedule&nbsp;5.20</U> sets forth, the Intellectual Property (as defined in Article&nbsp;XI)
owned by the Company, a complete and accurate list of all United States and foreign patent,
copyright, trademark, service mark, trade dress, domain name and other registrations and
applications, indicating for each the applicable jurisdiction, registration number (or application
number), and date issued or filed, and all material unregistered Intellectual Property.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) All registered Intellectual Property of the Company is currently in compliance with all
legal requirements (including timely filings, proofs and payments of fees), is valid and
enforceable, and is not subject to any filings, fees or other actions falling due within 90&nbsp;days
after the Closing Date. No registered Intellectual Property of the Company has been or is now
involved in any cancellation, dispute or litigation, and, to the knowledge of the Company or the
Members, no such action is threatened. Except as set forth in <U>Schedule&nbsp;5.20</U>, no patent of
the Company has been or is now involved in any interference, reissue, re-examination or opposition
proceeding.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <U>Schedule&nbsp;5.20</U> sets forth a complete and accurate list of all licenses,
sublicenses, consent, royalty or other agreements concerning Intellectual Property to which the
Company is a party or by which any of their Assets are bound (other than generally commercially
available, non-custom, off-the-shelf software application programs having a retail acquisition
price of less than $10,000 per license) (collectively, &#147;License Agreements&#148;). All of the Company&#146;s
License Agreements are valid and binding obligations of Company that are parties thereto,
enforceable in accordance with their terms, except to the extent that enforcement thereof may be
limited by bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance or other
similar laws affecting the enforcement of creditors&#146; rights generally, and there exists no event or
condition which will result in a material violation or breach of, or constitute (with or without
due notice or lapse of time or both) a default by the Company under any such License Agreement.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Company owns or has the valid right to use all of the Intellectual Property necessary
for the conduct of the Company&#146;s business substantially as currently conducted or contemplated to
be conducted and for the ownership, maintenance and operation of the Company&#146;s properties and
Assets. No royalties, honoraria or other fees are payable by the Company to any third parties for
the use of or right to use any Intellectual Property, except as set forth in <U>Schedule&nbsp;5.20</U>.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) All Intellectual Property owned by the Company is described in <U>Schedule&nbsp;5.20</U>. The
Company exclusively owns, free and clear of all Liens or obligations to license all such owned
Intellectual Property, and the Company have executed all necessary agreements and performed all
necessary due diligence to make the foregoing statement. The Company has a valid, enforceable and,
subject to obtaining required consents set forth in <U>Schedule&nbsp;5.20</U>, transferable right to
use all their licensed Intellectual Property. Except as disclosed in <U>Schedule&nbsp;5.20</U>, the
Company has the right to use all of its owned and licensed Intellectual Property in all
jurisdictions in which it conducts or proposes to conduct its businesses.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The Company has taken all commercially reasonable steps to maintain, police and protect
the Intellectual Property which it owns, including the proper policing activities and the execution
of appropriate confidentiality agreements and intellectual property and work product assignments
and releases. Except as disclosed in <U>Schedule&nbsp;5.20</U>, (i)&nbsp;to the knowledge of the Company,
the conduct of the Company&#146;s businesses as currently conducted or planned to be conducted does not
infringe or otherwise impair or conflict with (&#147;Infringe&#148;) any Intellectual Property rights of any
third party, and the Intellectual Property rights of the Company is not being Infringed by any
third party; and (ii)&nbsp;there is no litigation or order pending or outstanding, to the knowledge of
the Company or the Members, threatened or imminent, that seeks to limit or challenge or that
concerns the ownership, use, validity or enforceability of any Intellectual Property of the Company
and the Company&#146;s use of any Intellectual Property owned by a third party, and, to the knowledge of
the Company or the Members, there is no valid basis for the same.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) <U>Schedule&nbsp;5.20</U> lists all software (i) (other than generally commercially available,
non-custom, off-the-shelf software application programs having a retail acquisition price of less
than $10,000 per license) which are owned, licensed to or by the Company, leased to or by the
Company or otherwise used by the Company, and identifies which software is owned, licensed, leased
or otherwise used, as the case may be; and (ii)&nbsp;which are sold, licensed, leased or otherwise
distributed by the Company to any third party, and identifies which software is sold, licensed,
leased, or otherwise distributed, as the case may be. All software owned by the Company, and all
software licensed from third parties by the Company, (i)&nbsp;to the knowledge of the Company, is free
from any material defect, bug, virus, or programming, design or documentation error; (ii)&nbsp;operates
and runs in a reasonable and efficient business manner; and (iii)&nbsp;to the knowledge of the Company,
conforms in all material respects to the specifications and purposes thereof. The Company has
taken all reasonable steps to protect the Company&#146;s rights in its confidential information and
trade secrets. Except as disclosed in the <U>Schedule&nbsp;5.20</U>, each employee, consultant and
contractor who has had access to proprietary Intellectual Property has executed an agreement to
maintain the confidentiality of such Intellectual Property has executed appropriate agreements that
are substantially consistent with the Company&#146;s standard forms thereof (true and complete copies of
which have been delivered to Cenuco). Except under confidentiality obligations, there has been no
material disclosure of any of the Company&#146;s confidential information or trade secrets to any third
party.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.21 </B><U><B>Contracts</B></U><B>. </B><U>Schedule&nbsp;5.21</U> sets forth a list of each Contract to which the
Company is a party or by which it or its properties and assets are bound and which is material to
its business, assets, properties or prospects (the &#147;Material Contracts&#148;), true, correct and
complete copies (in the case of written Contracts) and summaries (in the case of oral Contracts) of
which


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<P align="justify" style="font-size: 10pt">have been provided to Cenuco, excluding standard customer contracts entered into in the
ordinary course of business, without material modification from the preprinted forms used by the
Company in the ordinary course of business, copies of which have been supplied to Cenuco. Each
Material Contract is a legal, valid and binding obligation of the Company and to the knowledge of
the Company the other parties thereto, enforceable against the Company and to the knowledge of the
Company the other parties thereto in accordance with their respective terms, except as the same may
be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors&#146; rights generally and general equitable principles
regardless of whether such enforceability is considered in a proceeding at law or in equity. The
copy of each written Material Contract or summary of each oral Material Contract furnished to
Cenuco is a true and complete copy of the document it purports to represent or summary, as the case
may be, and reflects all amendments thereto made through the date of this Agreement. The Company
has not violated any of the terms or conditions of any Material Contract or any term or condition
which would permit termination or modification of any Material Contract, and to the knowledge of
the Company and the Members all of the covenants to be performed by any other party thereto have
been fully performed, and there are no claims for breach or indemnification or notice of default or
termination under any Material Contract. No event has occurred which constitutes, or after notice
or the passage of time, or both, would constitute, a default by the Company under any Material
Contract, and to the knowledge of the Company and the Members no such event has occurred which
constitutes or would constitute a default by any other party. The Company is not subject to any
liability or payment resulting from renegotiation of amounts paid under any Material Contract. As
used in this <U>Section&nbsp;5.21</U>, Material Contracts shall include, without limitation: (a)&nbsp;loan
agreements, indentures, mortgages, pledges, hypothecations, deeds of trust, conditional sale or
title retention agreements, security agreements, letters of credit, commitment letters, equipment
financing obligations or guaranties, or other sources of contingent liability in respect of any
Indebtedness; (b)&nbsp;contracts obligating the Company to provide or purchase products or services for
a period of one year or more; (c)&nbsp;leases of real property and leases of personal property not
cancelable without penalty on notice of sixty (60)&nbsp;days or less or calling for payment of an annual
gross rental exceeding Ten Thousand Dollars ($10,000); (d)&nbsp;distribution, sales agency or franchise
or similar agreements, or agreements providing for an independent contractor&#146;s services, or letters
of intent with respect to same; (e)&nbsp;employment agreements, management service agreements,
consulting agreements, confidentiality agreements, non-competition agreements, employee handbooks,
policy statements and any other agreements relating to any employee, officer or director of the
Company; (f)&nbsp;licenses, assignments or transfers of trademarks, trade names, service marks, patents,
copyrights, trade secrets or know how, or other agreements regarding proprietary rights or
intellectual property; (g)&nbsp;any Contract relating to pending capital expenditures by the Company;
(h)&nbsp;any non-competition agreements restricting the Company in any manner; and (i)&nbsp;other material
Contracts or understandings, irrespective of subject matter and whether or not in writing, not
entered into in the ordinary course of business by the Company and not otherwise disclosed on the
Schedules calling for payments by the Company exceeding Ten Thousand Dollars ($10,000).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.22 </B><U><B>Accuracy of Information Furnished by the Company and the Members</B></U><B>. </B>No statement
or information made or furnished by the Company or the Members to Cenuco or any of Cenuco&#146;
representatives, including those contained in this Agreement and the various Schedules attached
hereto and the other information and statements referred to herein and


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<P align="justify" style="font-size: 10pt">previously furnished by the Company or the Members, contains or shall contain any untrue
statement of fact or omits or shall omit any fact necessary to make the information contained
therein not misleading and any material manner. The Company and the Members have provided Cenuco
with true, accurate and complete copies of all documents listed or described in the various
Schedules attached hereto.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.23 </B><U><B>Customers</B></U><B>. </B><U>Schedule&nbsp;5.23</U> provides a customer list which identifies the
contact person for each customer and identifies the top twenty-five (25)&nbsp;customers of the Company
as measured by annual revenue for the last twelve (12)&nbsp;months. True, correct and complete copies
of the form of the Company&#146;s standard customer contracts have been furnished by the Company to
Cenuco. The Company has not violated in any material manner any of the terms or conditions of any
of its customer contracts, and to the knowledge of the Company and the Members all of the material
covenants to be performed by any other party thereto have been fully performed and there are no
claims for breach or indemnification or notice of default or termination thereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.24 </B><U><B>Names; Prior Acquisitions</B></U><B>. </B>All names under which the Company does business as of
the date hereof are specified on <U>Schedule&nbsp;5.24</U>. The Company has not changed its name or
used any assumed or fictitious name, or been the surviving entity in a merger, acquired any
business or changed its principal place of business or chief executive office, within the past
three (3)&nbsp;years.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.25 </B><U><B>No Commissions</B></U><B>. </B>Except as set forth on <U>Schedule&nbsp;5.25</U>, either the Company
nor the Members has incurred any obligation for any finder&#146;s or broker&#146;s or agent&#146;s fees or
commissions or similar compensation in connection with the transactions contemplated hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.26 </B><U><B>Product Warranties and Rebates</B></U><B>. </B>The Company does not make and has not made any
express or implied product warranties or altered, amended, varied or expanded any manufacturers&#146;
product warranty in connection with the sale or lease of any products. <U>Schedule&nbsp;5.26</U>
contains a true and complete list and description of any and all customer rebates, discounts or
reimbursement programs or special terms or conditions (including, without limitation, products
supplied to customers on a demonstration basis) which have been or will be offered by the Company
in connection with the Business at any time prior to the Closing and pursuant to which any
obligations or liabilities of the Company, of any nature whatsoever and whether matured or
unmatured, remain outstanding.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>5.27 </B><U><B>Related Party Transactions</B></U><B>. </B>None of the Company, the Members and any Person with
an interest in Members, nor any entity in which Members or a Person with an interest in Members
owns any beneficial interest, have any direct or indirect interest in any customer, supplier or
competitor of the Company or in any person from whom or to whom the Company leases real or personal
property. Except as set forth on <U>Schedule&nbsp;5.27</U>, no officer, director or the Members of the
Company, no Person with an interest in the Members, nor any entity in which any such Person owns
any beneficial interest, is a party to any Contract or transaction with the Company or has any
interest in any property used by the Company.


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<P align="center" style="font-size: 10pt"><B>ARTICLE VI</B>



<P align="center" style="font-size: 10pt"><U><B>CONDUCT OF BUSINESS PENDING THE CLOSING</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>6.1 </B><U><B>Conduct of Business by the Company Pending the Closing</B></U><B>. </B>The Company and the
Members covenant and agree that, except with the prior written consent of Cenuco, between the date
of this Agreement and the Closing Date, the Business shall be conducted only in, and the Company
shall not take any action except in, the ordinary course of business consistent with past practice.
The Company shall use its reasonable best efforts to preserve intact its business organization, to
keep available the services of its current officers, employees and consultants, and to preserve its
present relationships with customers, suppliers and other persons with which it has significant
business relations. By way of amplification and not limitation, except as contemplated by this
Agreement, the Company and the Members shall not between the date of this Agreement and the Closing
Date, directly or indirectly, do or propose or agree to do any of the following without the prior
written consent of Cenuco: (a)&nbsp;amend or otherwise change its articles of organization or operating
agreement; (b)&nbsp;issue or authorize the issuance of, any membership interests, or any options,
warrants, convertible securities or other rights of any kind to acquire any membership interests or
other ownership interest of the Company; (c)&nbsp;declare, set aside, make or pay any dividend or other
distribution, payable in cash, stock, property or otherwise, with respect to any of its membership
interests; (d)&nbsp;transfer any of the outstanding membership interests of the Company; (e)&nbsp;reclassify,
combine, split, subdivide or redeem, purchase or otherwise acquire, directly or indirectly, any of
its membership interests; (f)&nbsp;acquire (including, without limitation, for cash, or shares of stock,
property or services, by merger, consolidation or acquisition of stock or assets) any interest in
any corporation, partnership or other business organization or division thereof; (g)&nbsp;incur any
additional Indebtedness other than in the ordinary course of business consistent with past
practices; (h)&nbsp;create Liens on any currently existing assets; (i)&nbsp;make (or commit to make) any
capital expenditures in excess of Ten Thousand Dollars ($10,000) except in the ordinary course of
business; (j)&nbsp;make any loans or advances to any person or entity or guarantee the indebtedness of
any person or entity; (k)&nbsp;sell or dispose of any of its assets, other than in the ordinary course
of business, consistent with past practice; (l)&nbsp;enter into, modify or terminate, any Contract,
other than in the ordinary course of business consistent with past practice; (m)&nbsp;pay any bonus to
or increase the compensation or benefits payable or to become payable to its employees, independent
contractors or consultants; (n)&nbsp;pay, discharge or satisfy any existing claims, liabilities,
obligations or Indebtedness other than in the ordinary course of business consistent with past
practice; (o)&nbsp;increase or decrease prices charged to its customers, except for previously announced
price changes, or take any other action which might reasonably result in any increase in the loss
of customers; or (p)&nbsp;agree, in writing or otherwise, to take or authorize any of the foregoing
actions or any other action which would make any representation or warranty in <U>Article&nbsp;V</U>
untrue or incorrect. The Company shall give written notice to Cenuco promptly following the
occurrence of any event which has had (or which is likely to have) a Material Adverse Effect upon
its assets, business, operations, prospects, properties or condition (financial or otherwise).


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<P align="center" style="font-size: 10pt"><B>ARTICLE VII</B>



<P align="center" style="font-size: 10pt"><U><B>CERTAIN AGREEMENTS AND COVENANTS OF THE PARTIES</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.1 </B><U><B>Further Assurances; Compliance with Covenants</B></U><B>. </B>Each party shall execute and
deliver such additional instruments and other documents and shall take such further actions as may
be necessary or appropriate to effectuate, carry out and comply with all of the terms of this
Agreement and the transactions contemplated hereby and to satisfy the conditions set forth in
<U>Article&nbsp;VIII</U> and <U>Article&nbsp;IX</U>. The Members and the Company shall, and shall cause
the Company&#146;s accountants to cooperate with Cenuco&#146; accountants from time to time in connection
with any audit of the assets, property and business of the Company including the execution and
delivery by the Members and the Company of customary audit representation letters. The Members
shall cause the Company to comply with all of the respective covenants of the Company under this
Agreement. At the Closing, the Company and the Members covenant and agree to deliver to Cenuco the
certificates and other documents required to be delivered to Cenuco pursuant to <U>Article
VIII</U>, and Cenuco covenants and agrees to deliver to the Company and the Members the
certificates and other documents required to be delivered to the Company and the Members pursuant
to <U>Article&nbsp;IX</U>.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.2 </B><U><B>Other Actions</B></U><B>. </B>Each of the parties hereto shall take all appropriate actions, and
do, or cause to be done, all things necessary, proper or advisable under any applicable laws,
regulations and Contracts to consummate and make effective the transactions contemplated herein,
including, without limitation, obtaining all licenses, permits, consents, approvals,
authorizations, qualifications and orders of any Governmental Authority and parties to Contracts
with the Company as are necessary for the consummation of the transactions contemplated hereby.
Each of the parties agrees to cooperate with the others in the preparation and filing of, and the
provision of information for, all forms, notifications, reports and information, if any, required
or reasonably deemed advisable pursuant to any law, rule or regulation or the rules of the American
Stock Exchange (or any other exchange which Cenuco Common Stock may be listed), the Securities Act,
the Exchange Act or any regulatory authority, in connection with the transactions contemplated by
this Agreement, and to use their respective best efforts to agree jointly on a method to overcome
any objections by any Governmental Authority to any such transactions. The parties also agree to
use best efforts to defend all lawsuits or other legal proceedings challenging this Agreement or
the consummation of the transactions contemplated hereby and to lift or rescind any injunction or
restraining order or other adversely affecting the ability of the parties to consummate the
transactions contemplated hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.3 </B><U><B>Notification of Certain Matters</B></U><B>. </B>The Company and the Members shall give prompt
notice to Cenuco of the occurrence or non-occurrence of any event which would likely cause any
representation or warranty contained herein to be untrue or inaccurate, or any covenant, condition,
or agreement contained herein not to be complied with or satisfied.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.4 </B><U><B>Confidentiality; Publicity</B></U><B>. </B>Except as may be required by law or as otherwise
permitted or expressly contemplated herein, no party hereto or their respective Affiliates,
employees, agents or representatives shall disclose to any third party this Agreement or the
subject matter or terms hereof without the prior consent of the other parties hereto. No press
release or other public announcement related to this Agreement or the transactions contemplated


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<P align="justify" style="font-size: 10pt">hereby shall be issued by any party hereto without the prior approval of the other parties,
except that Cenuco may make such public disclosure which it believes in good faith to be required
by law or by the terms of any listing agreement with or requirements of a securities exchange.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.5 </B><U><B>No Other Discussions</B></U><B>. </B>So long as this Agreement is in force and effect, the
Company, the Members, and their respective Affiliates, employees, agents and representatives will
not (i)&nbsp;initiate or encourage the initiation by others of, discussions or negotiations with third
parties or respond to solicitations by third persons relating to any merger, sale or other
disposition of any substantial part of the assets, business or properties of the Company (whether
by merger, consolidation, sale of stock or otherwise) or (ii)&nbsp;enter into any agreement or
commitment (whether or not binding) with respect to any of the foregoing transactions. For so long
as this Agreement is in force and effect, the Company and the Members will immediately notify
Cenuco if any third party attempts to initiate any solicitation, discussion or negotiation with
respect to any of the foregoing transactions.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.6 </B><U><B>Restrictive Covenants</B></U><B>. </B>In order to assure that Cenuco will realize the benefits of
the transactions contemplated hereby, the Company and each of the Members agree that they will not:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) for a period of five (5)&nbsp;years following the Closing Date (the &#147;Noncompete Period&#148;),
directly or indirectly, alone or as a partner, joint venturer, officer, director, employee,
consultant, agent, independent contractor, lender or security holder, of any company or business,
engage in the Business; <U>provided</U>, <U>however</U>, that the beneficial ownership of less
than five percent (5%) of any class of securities of any entity having a class of equity securities
actively traded on a national securities exchange or over-the-counter market shall not be deemed,
in and of itself, to violate the prohibitions of this <U>Section&nbsp;7.6</U>;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) during the Noncompete Period, directly or indirectly (i)&nbsp;induce any customer acquired
hereunder or any other customer of Cenuco or any of its subsidiaries, successors or assigns (as
used in this <U>Section&nbsp;7.6</U>, the &#147;Cenuco Companies&#148;) to patronize any business which is
directly or indirectly in competition with the Business conducted by any of the Cenuco Companies;
(ii)&nbsp;canvass, solicit or accept from any Person which is a customer of the Business conducted by
any of the Cenuco Companies, any such competitive business; or (iii)&nbsp;request or advise any customer
of the Business conducted by any of the Cenuco Companies to withdraw, curtail or cancel any such
customer&#146;s business with the Cenuco Companies or their successors;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) during the Noncompete Period, directly or indirectly, employ or enter into any arrangement
to pay salary, bonus or other compensation to any person who was employed by the Cenuco Companies
during the previous six (6)&nbsp;months, or in any manner seek to induce any employee of the Cenuco
Companies to leave his or her employment; and



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) at any time following the Closing Date, directly or indirectly, in any way utilize,
disclose, copy, reproduce or retain in their possession any of the Cenuco Companies&#146; proprietary
rights or records acquired hereunder, including, but not limited to, any customer lists.


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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Company and the Members agree and acknowledge that the restrictions contained in this
<U>Section&nbsp;7.6</U> are reasonable in scope and duration, and are necessary to protect the Cenuco
Companies. The Company and the Members agree and acknowledge that any breach of this Section will
cause irreparable injury to the Cenuco Companies and upon any breach or threatened breach of any
provision of this <U>Section&nbsp;7.6</U>, the Cenuco Companies shall be entitled to injunctive relief,
specific performance or other equitable relief, without the necessity of posting bond;
<U>provided</U>, <U>however</U>, that this shall in no way limit any other remedies which the
Cenuco Companies may have as a result of such breach, including the right to seek monetary damages.
The parties hereto agree that Cenuco may assign, without limitation, the foregoing restrictive
covenants to any successor to the Business. The provisions of this<U> Section&nbsp;7.6</U> shall be
construed as an agreement on the part of the Company and the Members independent of any other part
of this Agreement or any other agreement, and the existence of any claim or cause of action of the
Company or any of the Members against Cenuco or the Cenuco Companies, whether predicated on this
Agreement or otherwise, shall not constitute a defense to the enforcement by Cenuco of the
provisions of this <U>Section&nbsp;7.6</U>.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition, all Persons with an interest in a Member and those Persons listed on <U>Schedule
7.6</U> shall execute a non compete agreement containing the provisions of this <U>Section&nbsp;7.6</U>
(the &#147;Noncompete Agreements&#148;)


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.7 </B><U><B>Consents</B></U><B>. </B>Prior to the Closing, the Company shall use its reasonable best efforts
to obtain and receive consents to the transactions contemplated hereby and waivers of rights to
terminate or modify any rights or obligations of the Company from any Person(s) from whom such
consent or waiver is required under any Contract to which the Company or the Purchased Assets are
bound (including the Customer Contracts, the Assumed Contracts, the Equipment Leases and the Real
Property Leases), or who, as a result of the transactions contemplated hereby, would have the right
to terminate or modify such Contracts, either by the terms thereof or as a matter of law.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.8 </B><U><B>Payoff and Estoppel Letters</B></U><B>. </B>Prior to the Closing, the Company shall request and
deliver to Cenuco payoff and estoppel letters from all holders of any Indebtedness of the Company
to be paid off on or prior to the Closing, which letters shall contain payoff amounts, per diem
interest, wire transfer instructions and an agreement to deliver to Cenuco, upon full payment of
any such Indebtedness, UCC-3 termination statements, satisfactions of mortgage or other appropriate
releases and any original promissory notes or other evidences of indebtedness marked canceled. At
Closing, the Company shall deliver to Cenuco appropriately completed UCC-3 Termination Statements
ready for execution by each creditor that is named in a financing statement on file against any of
the Company&#146;s assets and shall have caused to be filed UCC-3 Termination Statements for financing
statements on file against the Company&#146;s assets pertaining to inactive or previously terminated
financings.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.9 </B><U><B>Receivables</B></U><B>. </B>At or prior to the Closing Date, the Company shall deliver to
Cenuco a true, complete and correct list of all Receivables to be transferred to Cenuco pursuant to
<U>Section&nbsp;1.1(g)</U>. From and after the Closing, the Company shall cooperate with Cenuco upon
Cenuco&#146;s request to notify each payor of any Receivables of such transfer to Cenuco. The Company
and the Members hereby agree and acknowledge that any and all payments in respect


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<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; text-align: justify; color: #000000; background: #FFFFFF">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>of such Receivables that are received by the Company or any Members after the Closing shall be
held in trust for the benefit of Cenuco and delivered to Cenuco as soon as practicable.</TD>
</TR>

</TABLE>

<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.10 </B><U><B>Post-Closing Actions of the Company</B></U><B>. </B>At Closing, the Company shall change its
name to a name that does not include the words Omni Point or any derivation thereof.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.11 </B><U><B>Execution of Further Documents</B></U><B>. </B>From and after the Closing, upon the reasonable
request of Cenuco, the Company shall execute, acknowledge and deliver all such further deeds, bills
of sale, assignments, transfers, conveyances, powers of attorney and assurance as may be required
or appropriate to convey and transfer to and vest in Cenuco and protect its right, title and
interest in all of the Purchased Assets and to carry out the transactions contemplated by this
Agreement.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.12 </B><U><B>Transaction Documents</B></U><B>. </B>At Closing, Scott Hirsch shall enter into a three (3)
year employment agreement as Chief Executive Officer of the Cenuco Online Media Solutions Division
(the &#147;Omni Point Division&#148;), the form of which is attached as <U>Exhibit&nbsp;A</U> (the &#147;Employment
Agreement&#148;), and the Company shall enter into the Bill of Sale, Assignment and Assumption
Agreement, the form of which is attached as <U>Exhibit&nbsp;B</U>, the Noncompete Agreements, and such
other closing documents requested by Cenuco. Neither Cenuco nor its assignee(s) shall have any
obligation to employ or offer to employ any other persons currently or formerly employed by the
Company.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.13 </B><U><B>Leases</B></U><B>. </B>The Company and the Members shall have caused the assignment to Cenuco
(or its designee) of leases for Leased Premises owned by unaffiliated third-parties pursuant to an
assignment, assumption and non-disturbance agreement reasonably satisfactory to Cenuco.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.14 </B><U><B>Trading in Cenuco Common Stock</B></U><B>. </B>From the date of this Agreement until the
Closing Date, the Company and the Members (and any Affiliates thereof) shall not directly or
indirectly purchase or sell (including short sales) any shares of Cenuco Common Stock in any
transactions effected on American Stock Exchange or otherwise.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.15 </B><U><B>Board of Directors</B></U><B>. </B>The Board of Directors of Cenuco will be expanded so that
in addition to the existing Members of the Board of Directors, Scott Hirsch, Michael Brauser and
two (2)&nbsp;additional individuals chosen by Michael Brauser, shall be appointed to the Board of
Directors, such individuals to be appointed upon the consent of Cenuco, which such consent will not
be unreasonably withheld.


<P align="left" style="font-size: 10pt"><B>7.16 </B><U><B>Warrants</B></U><B>.</B>




<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Company shall issue at Closing to Michael Brauser and Scott Hirsch (to be shared
equally) Warrants in the Form <U>Exhibit&nbsp;C</U>, as follows.


<P align="left" style="font-size: 10pt; margin-left: 25%">500,000 Warrants issued at Closing at an exercise price of $4.00/share;<BR>
500,000 Warrants issued at Closing at an exercise price of $5.00/share; and<BR>
500,000 Warrants issued at Closing at an exercise price of $6.00/share.


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<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In addition the following Warrants shall be issued to Michael Brauser and Scott Hirsch for
their ongoing efforts in developing the Business upon satisfaction of the following conditions:



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) If gross revenues of the Omni Point Division of at least $46,000,000.00 are
attained for the year beginning January&nbsp;1, 2005 and ending December&nbsp;31, 2005 from growth of
the Business and not from the acquisition of businesses or acquisition of customer accounts;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000,000 Warrants to be issued at $8/share,


<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;If gross revenues of the Omni Point Division of at least $68,000,000.00 are
attained for the year beginning January&nbsp;1, 2006 and ending December&nbsp;31, 2006 from growth of
the Business and not from the acquisition of businesses or acquisition of customer accounts;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000,000 Warrants to be issued at $10/share,



<P align="left" style="margin-left:6%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) If gross revenues of the Omni Point Division of at least $86,000,000.00 are
attained for the year beginning January&nbsp;1, 2007 and ending December&nbsp;31, 2007 from growth of
the Business and not from the acquisition of businesses or acquisition of customer accounts;



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,000,000 Warrants to be issued at $12/share.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.17 </B><U><B>Shareholders Agreement</B></U>. At Closing Steven Bettinger, Scott Hirsch and Michael
Brauser shall enter into a Shareholder&#146;s Agreement, the form of which is attached as <U>Exhibit
D</U>.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.18 </B><U><B>Registration Rights</B></U>. The Company shall utilize its reasonable best efforts to
file a registration statement with the SEC by no later than March&nbsp;15, 2005, so that Brauser and
Hirsch may collectively sell Cenuco Common Stock with a value of Two Million Five Hundred Thousand
Dollars ($2,500,000.00).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>7.19 </B><U><B>SEC Filings</B></U>. With a view to making available to the Company and its Members the
benefits of certain rules and regulations of the SEC which may permit the sale of Cenuco Common
Stock to the public without registration, Cenuco agrees from and after the date of this Agreement,
until such time as Members are able to sell all of their shares of Cenuco Common Stock under Rule
144(k), to: (a)&nbsp;make and keep public information available, as those terms are understood and
defined in Rule&nbsp;144 promulgated under the Securities Act, as such rule may be amended from time to
time (&#147;Rule&nbsp;144&#148;); (b)&nbsp;file with the SEC, in a timely manner, all reports and other documents
required of Cenuco under the Exchange Act; (c)&nbsp;so long as the Company or any of the Members owns
any of the Cenuco Common Stock delivered to Company pursuant to this Agreement, furnish to any such
parties promptly upon request a written statement by Cenuco as to its compliance with the reporting
requirements of the Exchange Act; (d)&nbsp;take such further action as the Company or any of the Members
may reasonably request, all to the extent required form time to time to enable such Person to sell
their Cenuco Common Stock without registration under the Securities Act within the limitation of
the exemption provided by Rule&nbsp;144; and (e)


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<P align="justify" style="font-size: 10pt">cooperate with the Company or any of the Members&#146; reasonable requests in their attempts to
dispose of the Cenuco Common Stock upon satisfaction of the applicable holding periods under Rule
144.


<P align="center" style="font-size: 10pt"><B>ARTICLE VIII</B>



<P align="center" style="font-size: 10pt"><U><B>CONDITIONS TO THE OBLIGATIONS OF CENUCO</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation of Cenuco to effect the transactions contemplated hereby shall be subject to
the fulfillment at or prior to the Closing Date of the following conditions, any or all of which
may be waived in whole or in part in writing by Cenuco:


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.1 </B><U><B>Accuracy of Representations and Warranties and Compliance with Obligations</B></U><B>. </B>The
representations and warranties of the Company and the Members contained in this Agreement shall be
true and correct at and as of the Closing Date with the same force and effect as though made at and
as of that time except (i)&nbsp;for matters specifically permitted by or disclosed on any Schedule to
this Agreement, and (ii)&nbsp;that those representations and warranties which address matters only as of
a particular date shall remain true and correct as of such date. The Company and the Members shall
have performed and complied with all of their respective obligations required by this Agreement to
be performed or complied with at or prior to the Closing Date. The Company and the Members shall
have delivered to Cenuco a certificate, dated as of the Closing Date, duly signed (in the case of
the Company, by its President), certifying that such representations and warranties are true and
correct and that all such obligations have been complied with and performed.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.2 </B><U><B>No Material Adverse Change or Destruction of Property</B></U><B>. </B>Between the date hereof
and the Closing Date, (i)&nbsp;there shall have been no Material Adverse Change in the Purchased Assets
or the Business, (ii)&nbsp;there shall have been no adverse federal, state or local legislative or
regulatory change affecting in any material respect the Purchased Assets or the Business, and (iii)
none of the Purchased Assets shall have been damaged by fire, flood, casualty, act of God or the
public enemy or other cause (regardless of insurance coverage for such damage) and there shall have
been delivered to Cenuco a certificate to that effect, dated the Closing Date and signed by or on
behalf of the Company and the Members.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.3 </B><U><B>Corporate Certificate</B></U><B>. </B>The Company shall have delivered to Cenuco (i)&nbsp;copies of
its Articles or Organization and Operating Agreement of the Company as in effect immediately prior
to the Closing Date, (ii)&nbsp;copies of resolutions adopted by the Board of Directors and the Members
of the Company authorizing the transactions contemplated by this Agreement, and (iii)&nbsp;a certificate
of good standing of the Company issued by the Secretary of State of the State of Florida as of a
date not more than ten (10)&nbsp;days prior to the Closing Date, certified in the case of subsections
(i)&nbsp;and (ii)&nbsp;of this Section as of the Closing Date by the Secretary of the Company as being true,
correct and complete.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.4 </B><U><B>Delivery of Purchased Assets; Cash at Closing</B></U><B>. </B>(a)&nbsp;At the Closing, the Company
shall duly execute and deliver to Cenuco (or its assignee) Bills of Sale, Assignment and
Assumption Agreements in the form attached hereto as <U>Exhibit&nbsp;B</U>, and such other instruments
of transfer of title as are necessary to transfer to Cenuco (or its assignee) good and


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<P align="justify" style="font-size: 10pt">marketable title to the Purchased Assets (including endorsed titles for unencumbered vehicles
transferred hereunder) free and clear of any Liens other than the Assumed Liabilities, and shall
deliver to Cenuco (or its assignee) immediate possession of the Purchased Assets.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At Closing the Company shall provide evidence acceptable to Cenuco of cash held by the
Company of a minimum of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000.00), and estimated
Working Capital as of the Closing Date of a minimum of One Million Dollars ($1,000,000.00).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.5 </B><U><B>Consents</B></U><B>. </B>The Company shall have received all necessary permits, licenses,
franchises, approvals and consents to the transactions contemplated hereby and waivers of rights to
terminate or modify any rights or obligations of the Company from any Person from whom such consent
or waiver is required under any Contract to which the Company or the Purchased Assets are bound
(including the Customer Contracts, the Assumed Contracts, the Equipment Leases and the Real
Property Leases) as of a date not more than ten (10)&nbsp;days prior to the Closing Date, or who, as a
result of the transactions contemplated hereby, would have such rights to terminate or modify such
Contracts, either by the terms thereof or as a matter of law.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.6 </B><U><B>No Adverse Litigation</B></U><B>. </B>There shall not be pending or threatened any action or
proceeding by or before any court or other governmental body which shall seek to restrain,
prohibit, invalidate or collect damages arising out of the transaction contemplated hereby, and
which, in the judgment of Cenuco, makes it inadvisable to proceed with the transactions
contemplated hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.7 </B><U><B>Board and Shareholder Approval</B></U><B>. </B>The Board of Directors and shareholders of Cenuco
shall have authorized and approved this Agreement and the transactions contemplated hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.8 </B><U><B>Governmental Consents</B></U><B>. </B>Cenuco shall have received all necessary approvals,
consents, reviews, and/or waivers from all applicable Governmental Authorities.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.9 </B><U><B>Other Closing Documents</B></U><B>. </B>The Company and Members and the other applicable parties
shall have executed and delivered the documents required by this Agreement to have been executed
and delivered by them, and such other closing documents necessary to consummate the Acquisition.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.10 </B><U><B>Delivery of Financial Statements</B></U>. The Company shall deliver to Cenuco the
Financial Statements and any other required financial information by Cenuco for its preparation of
its Proxy Statement and filings with any applicable Governmental Authority as soon as practicable.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>8.11 </B><U><B>Schedules and Exhibits</B></U>. The parties hereto acknowledge and agree that this
Agreement is being entered into by each such party as of the date hereof without the benefit of
completed Exhibits and Schedules being attached hereto. The Company and the Members agree to work
diligently and in good faith to prepare the Schedules and deliver them to Cenuco by October&nbsp;26,
2004. Cenuco shall in good faith review and comment upon such Schedules within three (3)&nbsp;days of
receipt. Should Cenuco determine in its reasonable judgment that certain disclosures on such
Schedules make it inadvisable to proceed with the transaction contemplated


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<P align="justify" style="font-size: 10pt">hereby they shall advise the Company in writing of its determination within three (3)&nbsp;days
after receipt. The Company shall have five days to take such steps to alleviate Cenuco&#146;s concerns.
If the Company does not take sufficient action to alleviate Cenuco&#146;s concerns then this Agreement
shall be deemed to be terminated as of the end of such five (5)&nbsp;day period, each party shall be
released from their respective obligations hereunder, and no party shall have any obligation to any
other party hereunder on account of this Agreement or the transactions contemplated hereby. The
parties hereto shall in good faith finalize the Exhibits within five (5)&nbsp;days.


<P align="center" style="font-size: 10pt"><B>ARTICLE IX</B>



<P align="center" style="font-size: 10pt"><U><B>CONDITIONS TO THE OBLIGATIONS OF<BR>
THE COMPANY AND THE MEMBERS</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligations of the Company and the Members to effect the transactions contemplated hereby
shall be subject to the fulfillment at or prior to the Closing Date of the following conditions,
any or all of which may be waived in whole or in part in writing by the Company and the Members:


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.1 </B><U><B>Accuracy of Representations and Warranties and Compliance with Obligations</B></U><B>. </B>The
representations and warranties of Cenuco contained in this Agreement shall be true and correct as
of the Closing Date with the same force and effect as though made at and as of that time except (i)
for changes specifically permitted by or disclosed pursuant to this Agreement, and (ii)&nbsp;that those
representations and warranties which address matters only as of a particular date shall remain true
and correct as of such date. Cenuco shall have performed and complied with all of its obligations
required by this Agreement to be performed or complied with at or prior to the Closing. Cenuco
shall have delivered to the Company and the Members a certificate, dated as of the Closing Date,
and signed by an officer, certifying that such representations and warranties are true and correct
and that all such obligations have been complied with and performed in all material respects.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.2 </B><U><B>Purchase Price</B></U><B>. </B>At the Closing, Cenuco shall pay to the Company the Purchase
Price (other than the Deferred Amount) execute the Bill of Sale, Assignment and Assumption
Agreement and assume the Assumed Liabilities.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.3 </B><U><B>No Order or Injunction</B></U><B>. </B>There shall not be pending by or before any court or other
governmental body an order or injunction restraining or prohibiting the transactions contemplated
hereby.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>9.4 </B><U><B>Closing Documents</B></U><B>. </B>Cenuco shall have executed and delivered the documents required
by this Agreement to have been executed and delivered by it.


<P align="center" style="font-size: 10pt"><B>ARTICLE X</B>



<P align="center" style="font-size: 10pt"><U><B>INDEMNIFICATION</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.1 </B>(a)&nbsp;The Company and the Members, severally, agree to indemnify and hold Cenuco and each
of its officers, directors, employees, Affiliates, successors and assigns (collectively, for the
purpose of this <U>Article&nbsp;X</U>, &#147;Cenuco&#148;) harmless from and against the


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<P align="justify" style="font-size: 10pt">aggregate of all expenses, losses, costs, deficiencies, liabilities and damages (including,
without limitation, related counsel and paralegal fees and expenses) incurred or suffered by Cenuco
arising out of or resulting from (i)&nbsp;any breach of a representation, warranty or certification made
by the Company or the Members in this Agreement or in any other document or certificate delivered
pursuant to this Agreement (without regard to any materiality qualifications or disclosures
pursuant to Section&nbsp;8.1), (ii)&nbsp;any breach of the covenants or agreements made by the Company or the
Members in this Agreement or in any other document or certificate delivered pursuant to this
Agreement, (iii)&nbsp;any liability or obligation of the Company (whether absolute or contingent,
liquidated or unliquidated, or due or to become due), other than the Assumed Liabilities, resulting
from the Company&#146;s ownership or operation of the Purchased Assets or the Business prior to Closing
including, without limitation, the Excluded Liabilities or related to the Excluded Assets, or (iv)
any Environmental Liability (collectively, &#147;Indemnifiable Damages&#148;).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notwithstanding the foregoing, Cencuo shall not be entitled to any Indemnifiable Damages for
breaches of the representations and warranties unless the aggregate of all Indemnifiable Damages
for breaches of the representations and warranties exceeds $25,000 (the &#147;Indemnification
Threshold&#148;), in which case Cenuco shall be entitled to the full amount of such Indemnifiable
Damages in excess of the Indemnification Threshold. Further, the total Indemnifiable Damages for
which each Member shall be liable hereunder shall be limited to that portion of the Purchase Price
received by each Member as further provided on <U>Schedule&nbsp;10.1</U>. In the event such Member
received Cenuco Common Stock as part of the Purchase Price, it shall be valued at Four Dollars
($4.00) per share. A Member in paying to Cenuco its portion of Indemnifiable Damages may pay such
amounts by tendering to Cencuo, shares of Cenuco Common Stock, in which event, the Cenuco Common
Stock shall be valued for purposes of such payment at Four Dollars ($4.00) per share (the
&#147;Indemnification Cap&#148;); <U>provided</U>, <U>however</U>, that the Indemnification Threshold and
the Indemnification Cap shall not apply with respect to, and Cenuco shall be entitled to the full
amount of any Indemnifiable Damages resulting from: (i)&nbsp;Excluded Liabilities (including
Environmental Liabilities) and the matters set forth in clause (iii)&nbsp;of the first sentence of this
<U>Section&nbsp;10.1</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Cenuco agrees to indemnify and hold the Company and the Members (collectively, for the
purpose of this <U>Article&nbsp;X</U>, &#147;Company&#148;) harmless from and against the aggregate of all
expenses, losses, costs, deficiencies, liabilities and damages (including, without limitation,
related counsel and paralegal fees and expenses) incurred or suffered by Company arising out of or
resulting from (i)&nbsp;any breach of a representation, warranty or certification made by Cenuco in this
Agreement or in any other document or certificate delivered pursuant to this Agreement (without
regard to any materiality qualifications or disclosures pursuant to Section&nbsp;9.1), (ii)&nbsp;any breach
of the covenants or agreements made by Cenuco in this Agreement or in any other document or
certificate delivered pursuant to this Agreement (also &#147;Indemnifiable Damages&#148;).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.2 </B><U><B>Survival of Representations and Warranties</B></U><B>. </B>Each of the representations and
warranties made by the Company and the Members in this Agreement or pursuant hereto shall survive
for a period of one (1)&nbsp;year after the Closing Date. Notwithstanding any knowledge of facts
determined or determinable by any party by investigation, each party shall have the right to


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<P align="justify" style="font-size: 10pt">fully rely on the representations, warranties, covenants and agreements of the other parties
contained in this Agreement or in any other documents or papers delivered in connection herewith.
Each representation, warranty, covenant and agreement of the parties contained in this Agreement is
independent of each other representation, warranty, covenant and agreement.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.3 </B><U><B>Third Party Actions</B></U><B>. </B>Promptly after receipt by a party of notice of commencement
of any action by a third party which could give rise to Indemnifiable Damages (an &#147;Indemnified
Party&#148;) the Indemnified Party will, if a claim thereof is to be made against the other parties
hereto (an &#147;Indemnifying Party&#148;), notify the Indemnifying Party of the commencement thereof;
<U>provided</U>, <U>however</U>, that the omission to so notify the Indemnifying Party will not
relieve them from any liability which they may have hereunder unless the Indemnifying Party have
been materially prejudiced thereby. The parties agree that with respect to any such third party
action the Indemnified Party shall (i)&nbsp;assume the defense thereof with its own legal counsel, (ii)
provide the Indemnifying Party with all information that they reasonably request relating to the
handling of such claim, (iii)&nbsp;confer with the Indemnifying Party as to the most cost-effective
manner in which to handle such claim, and (iv)&nbsp;use its reasonable efforts to minimize the cost of
handling such claim.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;With respect to any action commenced by a third party which could give rise to Indemnifiable
Damages and which seeks recovery solely of money damages, the Indemnifying Party shall have the
right to participate in, and, to the extent that they may wish, jointly or individually, to assume
the defense thereof with counsel reasonably satisfactory to the Indemnified Party;
<U>provided,</U> that prior to the assumption of such defense the Indemnifying Party assuming
such defense must acknowledge in writing to the Indemnified Party that they shall be fully
responsible (with no reservation of rights) for all Indemnifiable Damages relating to such claim;
<U>provided</U>, <U>further</U>, if the defendants in any action include both the Indemnified
Party and any of the Indemnifying Parties and there is a conflict of interest which would prevent
such counsel from also representing the Indemnified Party, then the Indemnified Party shall have
the right to select separate counsel to participate in the defense of such action on behalf of the
Indemnified Party. After notice from the Indemnifying Party to the Indemnified Party of their
election to so assume the defense thereof, the Indemnifying Party, as applicable, will not be
liable to the Indemnified Party pursuant to the provisions of <U>Section&nbsp;10.1</U> for the related
counsel and paralegal fees and expenses subsequently incurred by the Indemnified Party (or its
subsidiaries) in connection with the defense thereof other than reasonable costs of investigation,
unless (i)&nbsp;the Indemnified Party shall have employed counsel in accordance with the provisions of
the preceding sentence; (ii)&nbsp;the Indemnifying Party shall not have employed counsel satisfactory to
the Indemnified Party to represent them within a reasonable time after notice of the commencement
of the action, or (iii)&nbsp;the Indemnifying Party shall not have authorized the employment of counsel
for the Indemnified Party at the expense of the Indemnifying Party, as applicable. Notwithstanding
anything to the contrary in this <U>Section&nbsp;10.3</U>, the Indemnifying Party shall have the right
to settle or compromise any action for which they have assumed the defense if the settlement or
compromise provides for any injunctive or other equitable relief against the Indemnified Party or
otherwise provides for any continuing obligations of any nature against the Indemnified Party or
loss of rights of the Indemnified Party, and nothing stated in this <U>Section&nbsp;10.3</U> shall
otherwise affect the Indemnifying Party&#146;s obligation to pay the Indemnified Party all Indemnifiable
Damages pursuant to <U>Section&nbsp;10.1</U>. With respect to any such third party


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<P align="justify" style="font-size: 10pt">action assumed by the Indemnifying Party, as applicable, the parties agree to provide each
other with all information that they reasonably request relating to the handling of such matter.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.4 </B><U><B>Set off</B></U><B>. </B>Cenuco may set off against the Deferred Amount any Audit Adjustments
and/or Indemnifiable Damages (at a value of the greater of the market value of the Cenuco Common
Stock on the date of such set off or four dollars ($4.00) per share) for which the Company or the
Members may be responsible pursuant to this Agreement, subject, however, to the following terms and
conditions:



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Cenuco shall give written notice to the Company and the Members of any claim for Audit
Adjustments or Indemnifiable Damages or any other damages hereunder, which notice shall set forth
(i)&nbsp;the amount of Audit Adjustments or Indemnifiable Damages or other loss, damage, cost or expense
which Cenuco claims to have sustained by reason thereof, and (ii)&nbsp;the basis of the claim therefor.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Such set off shall be effected on the later to occur of the expiration of ten (10)&nbsp;days
from the date of such notice (the &#147;Notice of Contest Period&#148;) or, if such claim is contested, the
date the dispute is resolved.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If, prior to the expiration of the Notice of Contest Period, the Company or the Members
shall notify Cenuco in writing of an intention to dispute the claim and if such dispute is not
resolved within thirty (30)&nbsp;days after expiration of such period, then Cenuco may take any action
or exercise any remedy available to it by appropriate legal proceedings to collect the Audit
Adjustments or Indemnifiable Damages.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) All set offs and payments of Audit Adjustments or Indemnifiable Damages pursuant to this
Section shall be treated as adjustments to the Purchase Price.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) The Deferred Amount shall constitute a deferred payment obligation of Cenuco to the
Company, which amount shall be (i)&nbsp;paid to the Company in accordance with <U>Section&nbsp;10.5</U>
hereof, and (ii)&nbsp;subject to set off as provided in this <U>Section&nbsp;10.4</U>.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.5 </B><U><B>Delivery of Deferred Amount</B></U><B>. </B>Cenuco agrees to deliver to the Members no later
than three (3)&nbsp;business days following the one year anniversary of the Closing Date any Deferred
Amount then held by it unless there then remains unresolved any claim for Audit Adjustments or
Indemnifiable Damages or other damages hereunder as to which notice has been given, in which event
that portion of the Deferred Amount subject to an ongoing claim shall continue to be held and the
remaining portion of the Deferred Amount not subject to a claim shall be released. Any Deferred
Amount remaining on deposit after such claim shall have been satisfied shall be returned to the
Company promptly after the time of satisfaction.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>10.6 </B><U><B>No Bar</B></U><B>. </B>If the Deferred Amount is insufficient to set off any claim for Audit
Adjustments or Indemnifiable Damages made hereunder (or has been delivered to the Company prior to
the making or resolution of such claim), then Cenuco may take any action or exercise any remedy
available to it by appropriate legal proceedings to collect the Audit Adjustments or Indemnifiable
Damages.


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<P align="center" style="font-size: 10pt"><B>ARTICLE XI</B>



<P align="center" style="font-size: 10pt"><U><B>DEFINITIONS</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.1 </B><U><B>Defined Terms</B></U><B>. </B>As used herein, the following terms shall have the following
meanings:


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Affiliate&#148; shall have the meaning ascribed to it in Rule&nbsp;12b-2 of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended, as in effect on the date hereof.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Assignment and Assumption Agreement&#148; shall mean the Bill of Sale, Assignment and Assumption
Agreement, the form of which is attached as <U>Exhibit&nbsp;B</U> hereto.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Code&#148; means the Internal Revenue Code of 1986, as amended, and treasury regulations
promulgated thereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Contract&#148; means any agreement, contract, lease, note, mortgage, indenture, loan agreement,
franchise agreement, covenant, employment agreement, collective bargaining agreement, license,
instrument, purchase and sales order, commitment, undertaking, obligation, whether written or oral,
express or implied.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Environmental Laws&#148; means all federal, state, regional or local statutes, laws, rules,
regulations, codes, orders, plans, injunctions, decrees, rulings, and changes or ordinances or
judicial or administrative interpretations thereof, or similar laws of foreign jurisdictions where
the Company conducts business, whether currently in existence or hereafter enacted or promulgated,
any of which govern (or purport to govern) or relate to pollution, protection of the environment,
public health and safety, air emissions, water discharges, hazardous or toxic substances, solid or
hazardous waste or occupational health and safety, as any of these terms are or may be defined in
such statutes, laws, rules, regulations, codes, orders, plans, injunctions, decrees, rulings and
changes or ordinances, or judicial or administrative interpretations thereof.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Environmental Liability&#148; means any and all liabilities and obligations relating to or arising
out of environmental matters or claims relating to or arising from events or occurrences taking
place or conditions existing (whether known or unknown) prior to the Closing Date or relating to or
arising from events or occurrences taking place or conditions existing (whether known or unknown)
on or after the Closing Date to the extent such matters relate to or arise from the Company&#146;s
actions on the Owned Properties, the Leased Premises and any premises on which the Business was
conducted, including, without limitation, (i)&nbsp;any violation or alleged violation of any
Environmental Laws including the obligations thereunder to investigate or remediate or otherwise
undertake removal of Hazardous Substances or (ii)&nbsp;any actual or alleged Handling or Discharging of
Hazardous Substances.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;ERISA&#148; means the Employee Retirement Income Security Act of 1974, as amended, and the rules
and regulations promulgated thereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Exchange Act&#148; means the Securities Exchange Act of 1934, as amended, and the rules and
regulations promulgated thereunder.


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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;GAAP&#148; means generally accepted accounting principles in effect in the United States from time
to time.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Governmental Authority&#148; means any nation or government, any state, regional, local or other
political subdivision thereof, and any entity or official exercising executive, legislative,
judicial, regulatory or administrative functions of or pertaining to government, including, but not
limited to, the SEC and the American Stock Exchange.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Indebtedness&#148; of any entity means all obligations of such entity (i)&nbsp;which in accordance with
GAAP should be classified upon a balance sheet of such entity as indebtedness, (ii)&nbsp;for borrowed
money or purchase money financing which has been incurred in connection with the acquisition of
property or services, guaranties, letters of credit, or deferred purchase price, (iii)&nbsp;secured by
any lien or other charge upon property or assets owned by such entity, even though such entity has
not assumed or become liable for the payment of such obligations, (iv)&nbsp;created or arising under any
conditional sale or other title retention agreement with respect to property acquired by such
entity, whether or not the rights and remedies of the lender or lessor under such agreement in the
event of default are limited to repossession or sale of the property, or (v)&nbsp;for remaining payments
under any leases (including, but not limited to, equipment leases, operating leases and capital
leases), or rental purchase options, in each case including, without limitation, accrued and unpaid
interest, and prepayment or early termination payments or penalties associated with any of the
foregoing items (i)&nbsp;through (v)&nbsp;whether mandatory or optional.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Intellectual Property&#148; means all United States and foreign intellectual property, including
all worldwide trademarks, service marks, trade names, URLs and Internet domain names, designs,
slogans, logos, and trade dress, together with all goodwill related to the foregoing; patents,
copyrights, processes, operating rights, computer software, technology, trade secrets and other
confidential information, customer lists, know-how, processes, formulae, algorithms, models, user
interfaces, inventions, advertising and promotional materials, and all registrations, applications,
recordings, renewals, continuations, continuations-in-part, divisions, reissues, reexaminations,
foreign counterparts, and other legal protections and rights related to the foregoing.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Lien&#148; means any mortgage, pledge, security interest, encumbrance, lien, restriction on
transfer, right of refusal, preemptive right, claim or charge of any kind (including, but not
limited to, any conditional sale or other title retention agreement, any lease in the nature
thereof, and the filing of or agreement to give any financing statement under the Uniform
Commercial Code or comparable law or any jurisdiction in connection with such mortgage, pledge,
security interest, encumbrance, lien or charge).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Material Adverse Change (or Effect)&#148; means a change (or effect), in the condition (financial
or otherwise), properties, assets, liabilities, rights, obligations, operations, business or
prospects which change (or effect) individually or in the aggregate, is materially adverse to such
condition, properties, assets, liabilities, rights, obligations, operations, business or prospects.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Person&#148; means an individual, partnership, corporation, business trust, joint stock company,
estate, trust, unincorporated association, joint venture, Governmental Authority or other entity,
of whatever nature.


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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;SEC&#148; means the Securities and Exchange Commission of the United States.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Securities Act&#148; means the Securities Act of 1933, as amended, and the rules and regulations
promulgated thereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Tax Return&#148; means any tax return, filing or information statement required to be filed in
connection with or with respect to any Taxes.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Taxes&#148; means all taxes, fees or other assessments, including, but not limited to, income,
excise, property, sales, franchise, intangible, withholding, social security and unemployment taxes
imposed by any federal, state, local or foreign governmental agency, and any interest or penalties
related thereto.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Transaction Costs&#148; means all legal, accounting, tax consulting, financial advisory and other
fees and expenses, including any transfer fees, government filing fees and the cost of title
insurance and surveys, incurred, paid or payable by the Company in connection with the transactions
contemplated by this Agreement.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>11.2 </B><U><B>Other Definitional Provisions</B></U><B>. </B>All terms defined in this Agreement shall have
the defined meanings when used in any certificates, reports or other documents made or delivered
pursuant hereto or thereto, unless the context otherwise requires. Terms defined in the singular
shall have a comparable meaning when used in the plural, and vice versa. All matters of an
accounting nature in connection with this Agreement and the transactions contemplated hereby shall
be determined in accordance with GAAP applied on a basis consistent with prior periods, where
applicable. As used herein, the neuter gender shall also denote the masculine and feminine, and
the masculine gender shall also denote the neuter and feminine, where the context so permits.


<P align="center" style="font-size: 10pt"><B>ARTICLE XII</B>



<P align="center" style="font-size: 10pt"><U><B>TERMINATION</B></U>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.1 </B><U><B>Termination</B></U><B>. </B>This Agreement may be terminated at any time prior to the Closing
Date: (a)&nbsp;by mutual written consent of the parties hereto at any time prior to the Closing; or (b)
by Cenuco in the event of a material breach by the Company or any of the Members of any provision
of this Agreement, which is not cured by the Indemnifying Party within five (5)&nbsp;days of receipt of
written notice from Cenuco, or if the Indemnifying Party fail to satisfy the other conditions of
Article&nbsp;VIII and be prepared to close the transactions contemplated hereby within 30&nbsp;days of
receipt of all approvals, consents or authorizations of the SEC, American Stock Exchange and the
Cenuco shareholders; or (c)&nbsp;by the Company in the event of a material breach by Cenuco of any
provision of this Agreement, which is not cured by Cenuco within five (5)&nbsp;days of receipt of
written notice from the Company, or if Cenuco fails to satisfy the conditions of Article&nbsp;IX and be
prepared to close the transactions contemplated hereby within 30&nbsp;days of receipt of all approvals,
consents or authorizations of the SEC, American Stock Exchange and the Cenuco shareholders.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.2 </B><U><B>Effect of Termination</B></U><B>. </B>Except for the provisions of <U>Article&nbsp;X</U> hereof,
which shall survive any termination of this Agreement, in the event of termination of this
Agreement


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<P align="justify" style="font-size: 10pt">pursuant to<U> Section&nbsp;12.1(a)</U>, this Agreement shall forthwith become void and of no
further force and effect and the parties shall be released from any and all obligations hereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.3 </B><U><B>Cenuco&#146;s Obligation to Pay Break Up Fee Under Certain Circumstances</B></U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Cenuco shall pay (by wire transfer of immediately available funds) to the Company a
break-up fee (&#147;Break-Up Fee&#148;) One Million Dollars ($1,000,000.00) in the event of the termination
of this Agreement under <U>Section&nbsp;12.1(c)</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The parties hereto acknowledge that the actual damages sustained by the Company resulting
from the events set forth in subsection (a)&nbsp;above are difficult to ascertain, that the Break-Up Fee
set forth in this <U>Section&nbsp;12.3</U> is a reasonable estimate of the amount of damages which the
Company would suffer, and that upon payment of such Break-Up Fee the parties shall have no further
rights or obligations hereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>12.4 </B><U><B>Cenuco&#146;s Remedies Upon Termination</B></U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Company shall pay (by wire transfer of immediately available funds) to Cenuco a
termination fee (&#147;Termination Fee&#148;) of One Million Dollars ($1,000,000.00) in the event of
termination of this Agreement under <U>Section&nbsp;12.1(b)</U>.



<P align="left" style="margin-left:3%; font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The parties hereto acknowledge that the actual damages sustained by the Company resulting
from the events set forth in subsection (a)&nbsp;above are difficult to ascertain, that the Termination
Fee set forth in this <U>Section&nbsp;12.4</U> is a reasonable estimate of the amount of damages which
Cenuco would suffer, and that upon payment of such Termination Fee the parties shall have no
further rights or obligations hereunder.


<P align="center" style="font-size: 10pt"><B>ARTICLE XIII</B>



<P align="center" style="font-size: 10pt"><B>SECURITIES LAW MATTERS</B>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In addition to the other representations, warranties and covenants set forth herein, as a
material inducement to Cenuco to enter into this Agreement and to consummate the transactions
contemplated hereby, the Company and the Members make the following representations, warranties and
covenants, as applicable.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.1 </B><U><B>Investment Intent</B></U><B>. </B>Each Member is acquiring the Cenuco Common Stock hereunder
for his/her/its own account and with no present intention of distributing or selling such shares
and further agrees not to transfer such shares in violation of the Securities Act or any applicable
state securities law, and no one other than the Members have any beneficial interest in the shares.
The Member agrees that he/she/it will not sell or otherwise dispose of any of the Cenuco Common
Stock unless such sale or other disposition has been registered under the Securities Act or, in the
opinion of counsel acceptable to Cenuco, is exempt from registration under the Securities Act and
has been registered or qualified or, in the opinion of such counsel acceptable to the Cenuco, is
exempt from registration or qualification under applicable state securities laws. Each Member
understands that the offer and sale by the Cenuco of the Cenuco Common Stock being acquired by each
Member hereunder has not been registered under the Securities Act by reason of their contemplated
issuance in transactions exempt from the


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<P align="justify" style="font-size: 10pt">registration and prospectus delivery requirements of the Securities Act pursuant to Section
4(2) thereof, and that the reliance of Cenuco on such exemption from registration is predicated in
part on these representations and warranties of each of the Members.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.2 </B><U><B>Accredited Member</B></U><B>. </B>Each Member is an &#147;accredited investor&#148; as such term is
defined in Rule 501(a) of Regulation&nbsp;D under the Securities Act, and has such knowledge and
experience in financial and business matters that it is capable of evaluating the merits and risks
of the investment to be made by it hereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.3 </B><U><B>Adequate Information</B></U><B>. </B>Each Member has received from Cenuco, and has reviewed,
such information which such Member considers necessary or appropriate to evaluate the risks and
merits of an investment in the Cenuco Common Stock.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.4 </B><U><B>Opportunity to Question</B></U><B>. </B>Each Member has had the opportunity to question, and
has questioned, to the extent deemed necessary or appropriate, representatives of Cenuco so as to
receive answers and verify information obtained in the Member&#146;s examination of Cenuco, including
the information that the Member has received and reviewed in relation to his/her/its investment in
the Cenuco Common Stock.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.5 </B><U><B>No Other Representations</B></U><B>. </B>No oral or written representations have been made to
any Member in connection with the Member&#146;s acquisition of the Cenuco Common Stock which were in any
way inconsistent with the information reviewed by the Member. The Member acknowledges that no
representations or warranties of any type or description have been made to it by any Person with
regard to Cenuco, any of its subsidiaries, any of their respective businesses, properties or
prospects or the investment contemplated herein, other than the representations and warranties set
forth in Article&nbsp;IV hereof.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.6 </B><U><B>Knowledge and Experience</B></U><B>. </B>Each Member has such knowledge and experience in
financial, tax and business matters, including substantial experience in evaluating and investing
in common stock and other securities (including the common stock and other securities of
speculative companies), so as to enable the Member to utilize the information made available by
Cenuco to such Member in order to evaluate the merits and risks of an investment in the Cenuco
Common Stock and to make an informed investment decision with respect thereto.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.7 </B><U><B>Independent Decision</B></U><B>. </B>Each Member is not relying on Cenuco or on any legal or
other opinion in the materials reviewed by the Member with respect to the financial or tax
considerations of the Member relating to its investment in the Cenuco Common Stock. Each Member
has relied solely on the representations and warranties, covenants and agreements of Cenuco in this
Agreement (including the Exhibits hereto) and on its examination and independent investigation in
making its decision to acquire the Cencuo Common Stock.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>13.8 </B><U><B>Legend</B></U><B>. </B>The certificates representing Cenuco Common Stock shall bear
substantially the following legend:



<P align="left" style="margin-left:3%; font-size: 10pt">THE SHARES &#091;SECURITIES&#093; REPRESENTED BY THIS CERTIFICATE MAY NOT BE SOLD, TRANSFERRED
OR OTHERWISE DISPOSED OF BY THE HOLDER EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT FILED UNDER THIS SECURITIES ACT OF 1933, AS


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<P align="left" style="margin-left:3%; font-size: 10pt">AMENDED, AND IN COMPLIANCE WITH APPLICABLE SECURITIES LAWS OF ANY STATE WITH RESPECT
THERETO, OR IN ACCORDANCE WITH AN OPINION OF COUNSEL IN FORM AND SUBSTANCE
SATISFACTORY TO THE ISSUER THAT AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.


<P align="center" style="font-size: 10pt"><B>ARTICLE XIV</B>



<P align="center" style="font-size: 10pt"><B>GENERAL PROVISIONS</B>



<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.1 </B><U><B>Notices</B></U><B>. </B>All notices, requests, demands, claims, and other communications
hereunder shall be in writing and shall be delivered by certified or registered mail (first class
postage pre-paid), guaranteed overnight delivery, or facsimile transmission if such transmission is
confirmed by delivery by certified or registered mail (first class postage pre-paid) or guaranteed
overnight delivery, to the following addresses and telecopy numbers (or to such other addresses or
telecopy numbers which such party shall designate in writing to the other party):

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(a)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>if to Cenuco to:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Cenuco, Inc.<BR>
6421 Congress Avenue<BR>
Suite&nbsp;201<BR>
Boca Raton, Florida 33487</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Attn: Steven Bettinger<BR>
Telephone: 561-997-2602<BR>
Telecopy: 561-994-4363</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>with a copy to:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Akerman Senterfitt<BR>
One S.E. Third Avenue<BR>
Miami, FL 33131<BR>
Attn: David C. Ristaino, Esq.<BR>
Telephone: 305-374-5600<BR>
Telecopy: 305-374-5095</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">(b)
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>if to the Company or the
Members to:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Omni Point Marketing, LLC<BR>
6700 N. Andrews Avenue, 2<SUP>nd</SUP> Floor<BR>
Ft. Lauderdale, Florida 33309<BR>
Attn: Scott Hirsch
Telephone:<BR>
Telecopy:&nbsp;&nbsp;&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>with a copy to:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Broad and Cassel<BR>
Attn: David J. Powers<BR>
7777 Glades Road, Suite&nbsp;300<BR>
Boca Raton, Florida 33434<BR>
Telephone: (561)&nbsp;883-8958<BR>
Telecopy: (561)&nbsp;218-8960</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>



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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Notice shall be deemed given on the date sent if sent by facsimile transmission and on the
date delivered (or the date of refusal of delivery) if sent by overnight delivery or certified or
registered mail.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.2 </B><U><B>Entire Agreement; No Third Party Beneficiaries</B></U><B>. </B>This Agreement (including the
exhibits and schedules attached hereto) and other documents delivered at the Closing pursuant
hereto, contains the entire understanding of the parties in respect of its subject matter and
supersedes all prior agreements and understandings (oral or written) between or among the parties
with respect to such subject matter. The parties agree that prior drafts of this Agreement shall
not be deemed to provide any evidence as to the meaning of any provision hereof or the intent of
the parties with respect thereto. The Exhibits and Schedules constitute a part hereof as though
set forth in full above. Except for the Cenuco Affiliates and other persons expressly stated herein
to be indemnitees, this Agreement is not intended to confer upon any Person, other than the parties
hereto, any rights or remedies hereunder.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.3 </B><U><B>Expenses</B></U><B>. </B>The parties shall pay their own fees and expenses, including their own
Transaction Costs, incurred in connection with this Agreement or any transaction contemplated
hereby. The Company shall pay all legal, accounting, tax consulting, financial advisory and other
fees and expenses, including any transfer fees, government filing fees and the cost of title
insurance and surveys, incurred by the Company in connection with the transactions contemplated by
this Agreement.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.4 </B><U><B>Amendment; Waiver</B></U><B>. </B>This Agreement may not be modified, amended, supplemented,
canceled or discharged, except by written instrument executed by all parties. No failure to
exercise, and no delay in exercising, any right, power or privilege under this Agreement shall
operate as a waiver, nor shall any single or partial exercise of any right, power or privilege
hereunder preclude the exercise of any other right, power or privilege. No waiver of any breach of
any provision shall be deemed to be a waiver of any preceding or succeeding breach of the same or
any other provision, nor shall any waiver be implied from any course of dealing between the
parties. No extension of time for performance of any obligations or other acts hereunder or under
any other agreement shall be deemed to be an extension of the time for performance of any other
obligations or any other acts. The rights and remedies of the parties under this Agreement are in
addition to all other rights and remedies, at law or equity, that they may have against each other.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.5 </B><U><B>Binding Effect; Assignment</B></U><B>. </B>The rights and obligations of this Agreement shall
bind and inure to the benefit of the parties and their respective successors and assigns. The
rights and obligations of any party under this Agreement may not be assigned without the prior
written consent of the other parties hereto.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.6 </B><U><B>Counterparts</B></U><B>. </B>This Agreement may be executed in any number of counterparts, each
of which shall be an original but all of which together shall constitute one and the same
instrument. A telecopy signature of any party shall be considered to have the same binding legal
effect as an original signature.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.7 </B><U><B>Interpretation</B></U><B>. </B>When a reference is made in this Agreement to an article,
section, paragraph, clause, schedule or exhibit, such reference shall be deemed to be to this


<P align="center" style="font-size: 10pt">38
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<P align="justify" style="font-size: 10pt">Agreement unless otherwise indicated. The headings contained herein and on the schedules are
for reference purposes only and shall not affect in any way the meaning or interpretation of this
Agreement or the schedules. Whenever the words &#147;include,&#148; &#147;includes&#148; or &#147;including&#148; are used in
this Agreement, they shall be deemed to be followed by the words &#147;without limitation.&#148;


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.8 </B><U><B>Construction</B></U><B>. </B>The parties agree and acknowledge that they have jointly
participated in the negotiation and drafting of this Agreement. In the event of an ambiguity or
question of intent or interpretation arises, this Agreement shall be construed as if drafted
jointly by the parties and no presumptions or burdens of proof shall arise favoring any party by
virtue of the authorship of any of the provisions of this Agreement. Any reference to any federal,
state, local, or foreign statute or law shall be deemed also to refer to all rules and regulations
promulgated thereunder, unless the context requires otherwise. If any party has breached any
representation, warranty, or covenant contained herein in any respect, the fact that there exists
another representation, warranty, or covenant relating to the same subject matter (regardless of
the relative levels of specificity) which the party has not breached shall not detract from or
mitigate the fact that the party is in breach of the first representation, warranty, or covenant.
The mere listing (or inclusion of copy) of a document or other item shall not be deemed adequate to
disclose an exception to a representation or warranty made herein (unless the representation or
warranty relates solely to the existence of the document or other items itself).


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.9 </B><U><B>Governing Law; Severability</B></U><B>. </B>This Agreement shall be construed in accordance
with and governed for all purposes by the laws of the Florida applicable to contracts executed and
to be wholly performed within such state. If any word, phrase, sentence, clause, section,
subsection or provision of this Agreement as applied to any party or to any circumstance is
adjudged by a court to be invalid or unenforceable, the same will in no way affect any other
circumstance or the validity or enforceability of any other word, phrase, sentence, clause,
section, subsection or provision of this Agreement. If any provision of this Agreement, or any
part thereof, is held to be unenforceable because of the duration of such provision or the area
covered thereby, the parties agree that the court making such determination shall have the power to
reduce the duration and/or area of such provision, and/or to delete specific words or phrases, and
in its reduced form, such provision shall then be enforceable and shall be enforced.


<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>14.10 </B><U><B>Arm&#146;s Length Negotiations</B></U><B>. </B>Each party herein expressly represents and warrants
to all other parties hereto that (a)&nbsp;before executing this Agreement, said party has fully informed
itself of the terms, contents, conditions and effects of this Agreement; (b)&nbsp;said party has relied
solely and completely upon its own judgment in executing this Agreement; (c)&nbsp;said party has had the
opportunity to seek and has obtained the advice of counsel before executing this Agreement; (d)
said party has acted voluntarily and of its own free will in executing this Agreement; (e)&nbsp;said
party is not acting under duress, whether economic or physical, in executing this Agreement; and
(f)&nbsp;this Agreement is the result of arm&#146;s length negotiations conducted by and among the parties
and their respective counsel.


<P align="center" style="font-size: 10pt">&#091;signatures appear on following page&#093;



<P align="center" style="font-size: 10pt">39
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<P align="justify" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>IN WITNESS WHEREOF, </B>the parties hereto have caused this Agreement to be duly executed and
delivered as of the day and year first above written.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>CENUCO, INC.</B>, a Delaware corporation<BR>
<BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Steve Bettinger
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Steve Bettinger&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>OMNI POINT MARKETING, LLC.</B><BR>
a Florida limited liability company<BR>
<BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Adam Mittelberg
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Adam Mittelberg&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>MEMBERS:</B><BR>
<BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/ Richard Hill
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Richard Hill&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>MARLIN CAPITAL PARTNERS III, LLC</B><BR>
<BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Michael Brauser
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">Michael Brauser, Manager&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="2" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>MARIN ENTERPRISES, INC.</B><BR>
<BR>
<BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Denny Marin
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Denny Marin&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>McCALL AND ESTES MARKETING, INC.</B><BR>
<BR>
<BR>
&nbsp;<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Scott Hirsch
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Scott Hirsch&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Vice President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                                  /s/ Michael Brauser
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Michael Brauser, individually&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                                  /s/ Scott Hirsch
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Scott Hirsch, individually&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">40
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<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><B>LIST OF EXHIBITS AND SCHEDULES</B>


<DIV align="left">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head --><TR valign="bottom">
    <TD width="22%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="73%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EXHIBIT A</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Employment Agreement</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EXHIBIT B</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Bill of Sale, Assignment and Assumption Agreements</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EXHIBIT C</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Warrant</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">EXHIBIT D</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Form of Shareholders Agreement</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;1.1(b)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Other Tangible Personal Property</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;1.1(c)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Customer Accounts</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;1.1(d)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Assumed Contracts</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;1.1(h)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Equipment Leases</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;1.1(i)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intangible Property</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.4</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Capitalization</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.5</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Required Consents</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.7</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Financial Statements</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.9</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Liabilities of the Company, Indebtedness</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.10</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Litigation</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.12</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Real Estate</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.14</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Policies</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.15</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employees</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.16</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Employee Benefit Plans</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.18</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Insurance Policies</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.19</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Receivables</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.20</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Intellectual Property</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.21</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Material Contracts</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.23</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Customers</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.24</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Names</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.25</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Commissions</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.26</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Product Rebates and Discounts</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;5.27</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Related Party Transactions</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;7.6</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Interested Persons</TD>
</TR>

<TR valign="bottom">
    <TD><DIV style="margin-left:10px; text-indent:-10px">Schedule&nbsp;10.1</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Member Indemnity Amounts</TD>
</TR>

<!-- End Table Body --></TABLE>
</DIV>




<P align="center" style="font-size: 10pt">41

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left">
<A name="115"></A>
</DIV>

 <P align="right" style="font-size: 10pt"><B>ANNEX B</B>

<P align="center" style="font-size: 10pt"><B>AUDIT COMMITTEE CHARTER<BR>
OF<BR>
CENUCO, INC.</B>



<P align="left" style="font-size: 10pt"><B>Purpose</B>


<P align="left" style="font-size: 10pt">The Audit Committee is appointed by the Board of Directors of Cenuco, Inc. (the &#147;Company&#148;) to
assist the Board in fulfilling its oversight responsibilities. The Audit Committee&#146;s purpose is to
assist Board of Directors&#146; oversight of:



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings 2">&#150;</FONT> The accounting and financial reporting processes of the Company
and the audits of the Company&#146;s financial statements;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings 2">&#150;</FONT> The Company&#146;s compliance with legal and regulatory requirements;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings 2">&#150;</FONT> The independent auditors&#146; qualifications, independence and
performance; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><FONT style="font-family: Wingdings 2">&#150;</FONT> Communication among the independent auditors, management and the
Board of Directors.</TD>
</TR>

</TABLE>
<P align="left" style="font-size: 10pt">The Audit Committee has the authority to conduct any investigation appropriate to fulfilling its
responsibilities, and it has direct access to the independent auditors as well as anyone in the
organization. The Audit Committee has the ability to retain special legal, accounting, or other
consultants or experts (collectively, &#147;Advisors&#148;) it deems necessary in the performance of its
duties. The Company shall provide funding, as determined by the Audit Committee, for payment of
(i)&nbsp;compensation to the independent auditors, (ii)&nbsp;compensation to any Advisors employed by the
Audit Committee and (iii)&nbsp;ordinary administrative expenses of the Audit Committee that are
necessary or appropriate in carrying out is duties.


<P align="left" style="font-size: 10pt"><B>Committee Authority and Responsibilities</B>



<P align="left" style="font-size: 10pt"><U>Review Procedures</U>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Evaluate the Audit Committee&#146;s performance annually and recommend any changes to the Board of
Directors for approval.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with management and the independent auditors (a)&nbsp;the audited financial
statements (including quality of financial reporting decisions and judgments), (b)&nbsp;the related
disclosures under &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#148; and (c)&nbsp;the &#147;Critical Accounting Policies&#148; disclosure to be contained in the
annual report on Form 10-KSB and annual shareholders report to determine that the independent
auditors are satisfied with the content and disclosure of the financial statements and related
disclosure. Recommend to the Board that the Company&#146;s audited financial statements be
included in the Form 10-KSB.</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>In consultation with the management and the independent auditors, consider the integrity of
the Company&#146;s financial reporting processes and controls and the Company&#146;s system to monitor
and manage business risk and ethical and legal regulatory compliance programs, and elicit any
recommendations for the improvement of such controls and systems or particular areas where new
or more detailed controls or systems are desirable. Discuss policies with respect to risk
assessment and risk management, including major financial risk exposures and the steps
management has taken to monitor, control, and report such exposures. Review significant
findings prepared by the independent auditors together with management&#146;s responses.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review and discuss with management and the independent auditors (a)&nbsp;the interim financial
statements (including quality of financial reporting decisions and judgments), (b)&nbsp;the related
disclosures under &#147;Management&#146;s Discussion and Analysis of Financial Condition and Results of
Operations&#148; and (c)&nbsp;the &#147;Critical Accounting Policies&#148; disclosure to be contained in the
quarterly report on Form 10-QSB. Discuss the results of the independent auditors&#146; review of
the Company&#146;s interim financial information. In addition, the Audit Committee shall discuss
with the independent auditors other matters required to be communicated by the independent
auditors in accordance with applicable generally accepted auditing standards prior to the
inclusion of such information in the Company&#146;s Form 10-QSB. The chair of the Audit Committee
may represent the entire Committee for purposes of this review.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review annually with financial management and the independent auditors, (i)&nbsp;any analyses or
other written communications prepared by management and/or the independent auditors setting
forth significant financial reporting issues and judgments made in connection with the
preparation of the financial statements, including analyses of the effects of alternative
generally accepted accounting principles (&#147;GAAP&#148;) methods on the financial statements; (ii)
the Company&#146;s accounting policies in light of the Company&#146;s current operations and current
GAAP and SEC rules and regulations, (iii)&nbsp;any major issues regarding the Company&#146;s accounting
principles and financial statement presentations, including any significant changes in the
selection or application of accounting principles; and (iv)&nbsp;the effect of regulatory and
accounting initiatives as well as off-balance sheet structures, on the financial statements of
the Company.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><U>Independent Auditors </U>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">6.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Directly appoint, compensate, retain and oversee the work of the independent auditors to
audit the financial statements of the Company and its divisions and subsidiaries. The
independent auditors shall report directly to the Audit Committee, and the Audit Committee
shall resolve any disagreements between management and the independent auditors.</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">2
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">7.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Meet with the independent auditors and financial management of the Company to review the
scope of the proposed audit for the current year and the audit procedures to be utilized. At
the conclusion thereof review with the independent auditors such audit, including any comments
or recommendations of the independent auditors, any significant changes required in the
independent auditors&#146; audit plan or any significant difficulties or disputes encountered
during the audit, including any restrictions on the scope of the auditor&#146;s activities or on
access to required information, and management&#146;s response.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">8.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Discuss with the independent auditors any other matters required to be discussed by Statement
on Auditing Standards No.&nbsp;61 relating to the conduct of the audit.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">9.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Receive and review (i)&nbsp;the independent auditors formal written statement delineating all
relationships between the independent auditors and the Company, consistent with Independence
Standards Board Standard 1, <U>Independence Discussions with Audit Committees</U>, and (ii)
any other certifications or documentation necessary to ensure that the independent auditors
meet the independence standard required by law. Review all such documentation with the
independent auditors, and if so determined by the Audit Committee, take or recommend that the
full Board of Directors take appropriate action to oversee the independence of the auditors.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">10.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Receive and review timely reports from the independent auditors regarding: (i)&nbsp;all critical
accounting policies and practices to be used; (ii)&nbsp;all alternative treatments of financial
information within generally accepted accounting principles that have been discussed with
management officials of the Company, ramifications of the use of such alternative disclosures
and treatments, and the treatment preferred by the independent auditors; and (iii)&nbsp;other
material written communications between the independent auditors and the management of the
Company, such as any management letter or schedule of unadjusted differences.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">11.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Approve, in advance, any additional &#147;Audit,&#148; &#147;Audit-Related&#148;, &#147;Tax&#148; and &#147;Other Services&#148; (as
such terms are defined by the SEC rules and regulations) to be provided by the independent
auditors. Determine the amount of compensation to be paid to the independent auditors for
such additional services. The Company shall provide for funding, as determined by the Audit
Committee, for the payment of compensation to the independent auditors for any such services.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><U>Develop Controls to Insure the Integrity of the Financial Statements and Quality of Disclosure</U>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">12.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review with management and the independent auditors significant risks and exposures, and the
steps management has taken to minimize the risks or exposures.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">13.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Review with management the Company&#146;s systems of internal control.</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">3
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">14.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>On a quarterly basis, discuss the following with management and the independent auditors, if
applicable:</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">a)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>all significant deficiencies in the design or operation of internal controls which could
adversely affect the Company&#146;s ability to record, process, summarize and report financial
data and any material weaknesses in internal controls; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR><TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="1%" nowrap align="right">b)</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>any fraud, whether or not material, that involves management or other employees who have
a significant role in the Company&#146;s internal controls.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">15.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Establish procedures for: (i)&nbsp;the receipt, retention and treatment of complaints received by
the Company regarding accounting, internal accounting controls or auditing matters; (ii)&nbsp;the
confidential, anonymous submission by employees of the Company of concerns regarding
questionable accounting or auditing matters; and (iii)&nbsp;the receipt and treatment of any
evidence of a violation of the securities laws or breach of fiduciary duty brought to the
Audit Committee&#146;s attention by the Company&#146;s external securities counsel.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><U>Other Audit Committee Responsibilities </U>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">16.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Annually prepare the Audit Committee Report for inclusion in the Proxy Statement.</TD>
</TR>

</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">17.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Perform any other activities consistent with this Charter, the Company&#146;s by-laws, and
governing law, as the Audit Committee or the Board of Directors deems necessary or
appropriate.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">18.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>Establish policies for the Company&#146;s hiring of current or former employees of the independent
auditors.</TD>
</TR>

</TABLE>

<P align="left" style="font-size: 10pt"><B>Committee Membership And Organization</B>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Appointment and Term</I>. The Audit Committee shall be appointed annually by a majority vote of
the Board of Directors. The Board of Directors, by majority vote, may remove any member of the
Audit Committee.</TD>
</TR>

</TABLE>
<P align="center" style="font-size: 10pt">4
</DIV>

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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">


</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Composition and Qualifications</I>. The Audit Committee shall be composed of at least two
directors (three directors if the Company no longer qualifies as a &#147;Small Business Issuer&#148;
under SEC Regulation&nbsp;S-B), each of whom must (i)&nbsp;be independent as defined under the rules of
the American Stock Exchange (&#147;AMEX&#148;), (ii)&nbsp;meet the criteria for independence set forth in
Rule&nbsp;10A-3(b)(1) under the Securities Exchange Act of 1934, as amended (&#147;Exchange Act&#148;), and
(iii)&nbsp;be able to read and understand fundamental financial statements, including a company&#146;s
balance sheet, income statement, and cash flow statement. At least one member of the Audit
Committee shall have past employment experience in
finance or accounting, requisite professional certification in accounting, or any other
comparable experience or background which results in the individual&#146;s financial
sophistication, including being or having been a chief executive officer, chief financial
officer or other senior officer with financial oversight responsibilities, or who otherwise
qualifies as an &#147;audit committee financial expert&#148; under Item 401(h) of Regulation&nbsp;S-B
promulgated under the Exchange Act. No member of the Audit Committee may accept any
consulting, advisory, or other compensatory fee from the Company other than for board
service, and no member of the Audit Committee may be an affiiliated person of the Company
as defined in SEC Rules.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Meetings</I>. The Audit Committee shall meet at least quarterly or more frequently as the Audit
Committee requires. The Audit Committee has the authority to ask members of management or
others to attend the meetings and provide pertinent information as necessary.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Reporting and Minutes</I>. The Audit Committee shall provide copies of minutes of meetings of
the Audit Committee to the Board of Directors. All notices of meetings shall be provided to
the Company&#146;s management in order for payment of any applicable meeting fees and expenses to
be made. The Audit Committee shall report to the entire Board of Directors the discussions
held with management. The Audit Committee shall report committee actions to the Board of
Directors with such recommendations as the Audit Committee may deem appropriate.</TD>
</TR>

</TABLE>

<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">5.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD><I>Review of Charter</I>. The Audit Committee shall review its charter on an annual basis and
recommend any changes to the Board of Directors for approval. The Audit Committee shall
publish this Charter whenever it is revised or at least every three years in accordance with
SEC rules and regulations.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">5
</DIV>


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<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<P align="center" style="font-size: 10pt"><B>PROXY<BR>
CENUCO, INC.</B>


<DIV align="left"><FONT size="1">

</FONT></DIV>
<P align="left" style="font-size: 10pt">This proxy is solicited on behalf of the Board of Directors of Cenuco, Inc., a Delaware corporation (the
&#147;Company&#148;), for the Annual Meeting of Stockholders (the &#147;Annual Meeting&#148;), to be held at the Holiday Inn Hotel &#038;
Suites located at 1950 Glades Rd., Boca Raton, Florida, on December&nbsp;30, 2004 at 10:00&nbsp;a.m. (EST). The undersigned
hereby appoints Steven Bettinger and Robert Picow and each of them as the true and lawful attorneys, agents and
proxies of the undersigned, with full power of substitution, to represent and to vote all shares of common stock
of the Company held of record by the undersigned on December&nbsp;6, 2004, at the Annual Meeting, and at any
adjournments thereof. Any and all proxies heretofore given are hereby revoked.
<DIV align="left"><FONT size="1">

</FONT></DIV>




<P align="left" style="font-size: 10pt">When properly executed, this proxy will be voted as designated by the undersigned. If no choice is
specified, the proxy will be voted: (i)&nbsp;FOR the approval of the issuance of the Company&#146;s common
stock in connection with the Omni Point Acquisition described in Proposal 1; (ii)&nbsp;FOR the election
of the nominees to the Board of Directors named in Proposal 2; (iii)&nbsp;FOR the ratification of
Salberg &#038; Company, P.A. as the Company&#146;s independent auditor for the fiscal year ending June&nbsp;30,
2005 in Proposal 3; and (iv)&nbsp;FOR or AGAINST any other proposals to be considered at the Annual
Meeting, in the judgment of the proxyholders.



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">1.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THE PROPOSAL TO APPROVE THE ISSUANCE OF THE FOLLOWING SHARES OF THE COMPANY&#146;S COMMON STOCK,
IN CONNECTION WITH THE COMPANY&#146;S PROPOSED ACQUISITION OF SUBSTANTIALLY ALL OF THE ASSETS OF
OMNI POINT MARKETING, LLC, A FLORIDA LIMITED LIABILITY COMPANY (&#147;OMNI POINT&#148;):
(A)&nbsp;UP TO 4,275,000 SHARES TO BE ISSUED TO OMNI POINT, AS PART OF THE AGGREGATE PURCHASE
PRICE; (B)&nbsp;UP TO 1,500,000 SHARES TO BE ISSUED UPON THE CONVERSION OF WARRANTS TO BE ISSUED
TO AFFILIATES OF OMNI POINT AT THE CLOSING; AND (C)&nbsp;UP TO 3,000,000 SHARES TO BE ISSUED UPON
THE CONVERSION OF WARRANTS THAT MAY BE ISSUED TO AFFILIATES OF OMNI POINT AS EARN-OUT
CONSIDERATION.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><FONT face="Wingdings">&#111;</FONT> FOR <FONT face="Wingdings">&#111;</FONT> AGAINST <FONT face="Wingdings">&#111;</FONT> ABSTAIN



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">2.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THE PROPOSAL TO ELECT THE FOLLOWING DIRECTORS TO THE BOARD OF DIRECTORS OF THE COMPANY.
(INSTRUCTION: TO WITHHOLD AUTHORITY TO VOTE FOR ANY INDIVIDUAL NOMINEE, STRIKE A LINE THROUGH,
OR OTHERWISE STRIKE, THAT NOMINEE&#146;S NAME IN THE LIST BELOW.)</TD>
</TR>

</TABLE>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="90%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="38%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="39%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT>
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">FOR ALL NOMINEES LISTED
BELOW EXCEPT AS MARKED TO
THE CONTRARY.
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">WITHHOLD AUTHORITY TO VOTE<BR>
FOR ALL NOMINEES BELOW</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Robert Picow</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Steven M. Bettinger</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Andrew Lockwood</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Jack Phelan</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">3.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>THE PROPOSAL TO RATIFY THE SELECTION OF SALBERG &#038; COMPANY, P.A. AS THE COMPANY&#146;S INDEPENDENT
AUDITOR FOR THE FISCAL YEAR ENDING JUNE 30, 2005.</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt"><FONT face="Wingdings">&#111;</FONT> FOR <FONT face="Wingdings">&#111;</FONT> AGAINST <FONT face="Wingdings">&#111;</FONT> ABSTAIN



<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="1%" nowrap align="right">4.</TD>
    <TD width="1%">&nbsp;</TD>
    <TD>IN THEIR DISCRETION, THE PROXYHOLDERS ARE AUTHORIZED TO VOTE UPON SUCH OTHER BUSINESS THAT
MAY PROPERLY COME BEFORE THE ANNUAL MEETING.</TD>
</TR>

</TABLE>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="55%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="18%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="36%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><FONT face="Wingdings">&#111;</FONT> FOR
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT> AGAINST
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><FONT face="Wingdings">&#111;</FONT> ABSTAIN</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>



<P align="left" style="font-size: 10pt">Please sign exactly as your name appears below. When shares are held by joint tenants, both should
sign. When signing as attorney, as executor, administrator, trustee or guardian, please give the
full title as such. If a corporation, please sign in full corporate name by President or other
authorized officer. If a partnership, please sign in partnership name by authorized person.


<DIV align="left">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="60%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="15%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="62%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><HR align="center" size="1" noshade>
NUMBER OF<BR>
SHARES OWNED
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR align="center" size="1" noshade>
SIGNATURE</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR align="center" size="1" noshade>
(TYPED OR PRINTED NAME)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR align="center" size="1" noshade>
SIGNATURE IF HELD JOINTLY</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><HR align="center" size="1" noshade>
(TYPED OR PRINTED NAME)</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">DATED: _____________________</TD>
</TR>

<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt">This proxy may be revoked at any time before it is voted at the meeting. Please mark, sign, date
and return this proxy promptly.




<P align="center" style="font-size: 10pt">&nbsp;
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