MAY 1, 2002
                                                          ---------------------------------------
                                                                                       PRO FORMA
                                                            ACTUAL       PRO FORMA    AS ADJUSTED
                                                          -----------   -----------   -----------
                                                          (UNAUDITED)   (UNAUDITED)   (UNAUDITED)
Long-term debt, net of current portion..................  $6,626,020    $2,087,520    $ 2,087,520
                                                          ----------    ----------    -----------
Series A convertible preferred stock -- $.001 par value;
  actual -- 1,000,000 shares authorized, 312,500 shares
  issued and outstanding; pro forma and pro forma as
  adjusted -- 687,500 shares authorized, -0- shares
  issued and outstanding................................   2,500,000           -0-            -0-
                                                          ----------    ----------    -----------
Common stockholders' equity (deficit):
Common stock -- $.001 par value; 15,000,000 shares
  authorized; actual -- 5,000,000 shares issued and
  outstanding; pro forma -- 5,830,385 shares issued and
  outstanding; pro forma as adjusted -- 7,830,385 shares
  issued and outstanding................................       5,000         5,830          7,830
Additional paid-in capital..............................         -0-     6,824,664     15,070,664
Accumulated deficit.....................................  (1,133,836)   (1,355,752)    (1,355,752)
                                                          ----------    ----------    -----------
Total common stockholders' equity (deficit).............  (1,128,836)    5,474,742     13,722,742
                                                          ----------    ----------    -----------
Total capitalization....................................  $7,997,184    $7,562,262    $15,810,262
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