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Advertising Agency - Financial Statements

FINANCIAL STATEMENTS

Assumptions

Funding dates

BlueIsland.com's financial plans are based upon the assumption that seed funding will occur approximately by the end of the second quarter 2000. Business activities prior to funding will include site concept demonstrations, initial strategic partner negotiations, and a limited sales campaign targeted to San Francisco radio stations, small businesses, and small advertising agencies. The financial projections will slip commensurate with funding dates beyond second quarter 2000.

Date for "live" site

The expected "go live" in a beta test format in the San Francisco market will be in the third quarter of 2000. After an initial beta and marketing test, the national "go live" date will be fourth quarter 2000. At that period, the site will be operational for buyers and sellers.

BlueIsland.com employee growth plan

The growth plan for BlueIsland.com takes into consideration:

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