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Gadgets, Inc. <br /> • Page 4 <br /> COMPANY NEEDS: <br /> Employees: <br /> To initially staff the office and warehousing operation, the Company anticipates hiring <br /> (1) Facility Manager, (3) Customer Service and (3) light manufacturing/distribution <br /> personnel. The Company projects that by the end of year two, that it will employ <br /> approximately 19 persons. The Company intends to start its employees at $8.75 per <br /> hour, depending on experience. It also intends to provide a comprehensive benefits <br /> package. <br /> Financial: <br /> USES OF FUNDS <br /> Production/packaging equipment $200,000 <br /> Production molds 50,000 <br /> Initial inventory 100,000 <br /> Leasehold improvements 75,000 <br /> Marketing and distribution costs 150,000 <br /> Operating capital 300,000 <br /> TOTAL USES OF FUNDS $875,000 <br /> Of this amount, the Company will be providing $150,000 in equity. <br /> • <br />