NPC HOLDINGS, INC.
                    [A Development Stage Company]

                 CONDENSED STATEMENTS OF CASH FLOWS

                  NET INCREASE (DECREASE) IN CASH
                           (Unaudited)
                                                       Cumulative from
                                                      the Re-entering of
                                                       Development Stage
                                  For the Six Months       on June 28,
                                  Ended December 31,      2000 through
                                   -------------------     December 31,
                                    2000         1999         2000
                                   -------     -------   -----------------
Cash Flows From Operating Activities:

 Net loss                           $(74,325)   $(60,908)      $(74,325)
     Adjustments to reconcile net
  loss to net cash used by
  operating activities:
   Stock issued for services          70,000           -         70,000
   Depreciation and amortization           -       1,397              -
     Changes in assets
        and liabilities:
     Increase in receivables               -      11,000              -
     (Increase) in prepaid expenses        -       5,901              -
     Increase in accounts payable
      - related party                  2,000           -          2,000
     Increase in accounts payable      2,325      (3,239)         2,325
     Change in accrued liabilities         -       2,324              -

                                     -------     -------         ------
          Net Cash Provided (Used)
        by Operating Activities            -     (43,525)             -
                                     -------     -------         ------
Cash Flows Provided by Investing Activities:

       Net Cash Provided
        by Investing Activities            -           -              -
                                     -------     -------         ------
Cash Flows Provided by Financing Activities:
   Proceeds from issuance of
     common stock                          -           -              -
                                     -------     -------         ------
          Net Cash Provided
        by Financing Activities            -           -              -
                                     -------     -------         ------
Net Increase in Cash                       -     (43,525)             -

Cash at Beginning of Period                -      60,746              -
                                     -------     -------         ------
Cash at End of Period                $     -     $17,221         $    -
                                     =======     =======         ======

Supplemental Disclosures of Cash Flow Information:

     Cash paid during the period for:
       Interest                        $     -     $     -         $    -
       Income taxes                    $     -     $     -         $    -