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• <br /> TFG Direct <br /> ID Page 3 <br /> FINANCIAL OVERVIEW: <br /> TFG Direct doubled its annual revenues in 1997 over 1996 results and grew by <br /> another 50% in 1998. To date we are 60% ahead of 1998 revenues. Our <br /> average account now bills out at over $50,000 annually and we intend to increase <br /> that rate and the number of accounts. <br /> We have been operating at break even during 1999 but expect to end the year <br /> profitably. 1998 produced revenues of$1.5 million and an operational_ <br /> breakeven. <br /> In 1999 we expect to bring on at least 12 new accounts, generate over $2.5 <br /> million in revenues and end the year profitably. By the fourth quarter of 1999 we <br /> expect to have a $5 million dollar run rate and pre tax net income equal to 15% <br /> of revenues. <br /> PROJECT DESCRIPTION: <br /> The company supports its operation through existing cash flow and has adequate <br /> financing to support growth. The principal reason to seek alternate site locations <br /> is to establish a diverse employment base. A separate site does require additional <br /> resources to support the new operation. <br /> At a minimum, the company would require 5,000 square feet of office space and <br /> the company's financial requirements to establish a third site would be as <br /> follows: - <br /> Office/computer equipment $ 200,000 <br /> Leasehold improvements $ 45,000 <br /> Operating/start up capital $ 25,000 <br /> Employee Training $ 75,000 <br /> Total funding $ 345,000 <br /> JOGS • <br />