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ADJUSTED FINANCIAL PRESENTATION
Three Months Ended Calendar Year Ended
December 31, December 31,
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1999 1999
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Service fee revenue ........... $ 13,965 $ 42,287
Cost of service fee revenue ... 9,349 26,781
Service fee gross profit ...... 4,616 15,506
Service fee gross profit margin 33.1% 36.7%
We based the adjusted operating data on available information and certain
estimates and assumptions. We believe that such assumptions provide a reasonable
basis for presenting our results, adjusting for the transactions described
above. This adjusted financial information does not reflect what our operating
income or net income would have been during the periods presented or what our
results of operations may be in the future.
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