For the Years Ended
                                                          September 30,
                                                        1997         1996
                                                     (Unaudited)
OPERATING ACTIVITIES
  Cash Flows From (Used In) Operating Activities:
    Net loss                                        $  (93,433) $(2,605,068)
    Adjustments to reconcile net loss to net
      cash used in operating activities:
    Depreciation and amortization                       28,896      320,178
    Expense reduction via recision of common stock     (18,250)      44,419
    Allowance for escrow loss                                -       96,108
    Provision for bad debts                              2,000       14,619
    Loss on assets disposed                                  -        1,498
    Impairment loss                                          -    1,430,349
    Decrease (increase) in contracts in-progress             -    3,307,281
    Decrease (increase) in accounts receivable         (60,716)     407,370
    (Increase) decrease in other receivables
      and escrow deposits                                    -     (354,669)
    (Decrease) increase in contracts payable                 -   (3,241,958)
    Increase in accounts payable and accrued
      expenses                                         160,090      238,345
    (Decrease) increase in deferred taxes                    -      (61,940)
    Increase in accrued interest                        32,386      128,079
    Decrease (increase) in other assets                      -        7,184
      Net cash from (used in) operating activities      50,973     (268,205)

DISCONTINUED OPERATING ACTIVITIES:
  Cash Flows (Used In) Discontinued Operating
   Activities:
   Net loss                                         (1,367,439)          -
   Adjustments to reconcile net loss to net cash
    used in operating activities:
    Depreciation and amortization                       28,997           -
    Expense paid by issuance of common stock                 -           -
    Allowance for escrow loss                                -           -
    Provision for bad debts                            152,305           -
    Loss on assets disposed                          1,167,495           -
    Impairment losses                                1,594,519           -
    Cancellation of indebtedness                     1,616,552           -
    Decrease (increase) in contracts in progress     1,493,814           -
    Decrease (increase) in accounts receivable         720,491           -
    (Increase) decrease in other receivables and
      escrow deposits                                  304,212           -
    (Decrease) increase in contracts payable        (1,493,814)          -
    (Decrease) increase in accounts payable and
      accrued expenses                              (1,037,529)          -
      Net cash (used in) discontinued operating
        activities                                     (52,501)          -

INVESTING ACTIVITIES
  Cash Flows Used In Investment Activities:
    Acquisition of fixed assets                              -     (11,219)
    Investment in Mexican project                            -     (54,683)
    Net cash used in investing activities                    -     (65,902)