PCD (PCDIQ) 8-K Financial statements and exhibits

				EXHIBIT 99.3
WELLS-CTI, INC				RECONCILIATION OF US TRUSTEE FORMAT TO GAAP
FORMS OPR-1 & OPR-2
BALANCE SHEET
AS AT APRIL 30, 2003
						AS REPORTED TO US TRUSTEE			U.S. GAAP ADJUSTMENTS			U.S. GAAP ADJUSTED
ASSETS:  Cash & Cash Equivalent  Accounts Receivable - Trade  Inventory  Prepaid Expenses      Total Current Assets  Plant, Property, & Equip. - Gross  Accm/Depr      Total Fixed Assets  Deposits  Investments & Intraco.  Other Assets      Total Other Assets           TOTAL ASSETS						750  979,685  1,462,281       145,717  2,588,433  16,201,256  12,660,984  3,540,272  33,422  200,000                      -        233,422     6,362,127			(319,876) (16,162,207) 12,659,683  (63,746) 1,544,270                                 (2,331,876)			750  979,685  1,142,405       145,717  2,268,557  39,049          1,301  37,748  (30,324) 1,754,270                  -     1,723,946    4,030,251
LIABILITIES & EQUITY:  Total Debt  Accounts Payable  Accrued Expenses       Total Current Liab. Other Liab.  Long Term Debt      Total Liabilities						43,032,199  283,804        327,337  43,643,340  - -                      -  43,643,340			(43,032,199)			- -  283,804       327,337  611,141  - -                     -  611,141
EQUITY  Common Stock/PIC  Currency Translation Adj.  Beginning R/E  Current Earnings      Total Equity						69,873,167  - -  (106,806,091)         (348,289)   (37,281,213)			44,586,469  (4,415,161) 529,015			114,459,636 - -   (111,221,252)          180,726        3,419,110
TOTAL LIAB. & EQUITY						6,362,127			(2,331,876)			4,030,251
WELLS-CTI, INC			RECONCILIATION OF US TRUSTEE FORMAT TO GAAP
FORM OPR-5
INCOME STATEMENT
FOR THE MONTH OF APRIL 2003
			AS REPORTED TO US TRUSTEE				U.S. GAAP ADJUSTMENTS			U.S. GAAP ADJUSTED
Total Sales			467,439							467,439
Cost Of Sales			317,764				(132,501)			185,263
Gross Margin			149,675				132,501			282,176
Selling/General/Administrative			253,536							253,536
Operating Profit			(103,861)				132,501			28,640
Other Exp/(Income)			(38,693)							(38,693)
Pretax Income/(Loss)			(65,168)				132,501			67,333
Taxes			-				-			-
Net Income/(Loss)			(65,168)				132,501			67,333
WELLS-CTI - USA		RECONCILIATION OF US TRUSTEE FORMAT TO GAAP
FORM OPR-6
DIVISIONAL CASH FLOWS
APRIL 2003
					AS REPORTED			U.S. GAAP			U.S. GAAP
					TO US TRUSTEE			ADJUSTMENTS			ADJUSTED
SOURCES:
Net Income from Operations					(65,168)			132,501			67,333
Depreciation and Amortization					132,676			(132,501)			175
	TOTAL				67,508			-			67,508
APPLICATIONS:
Accounts Receivable					(189,706)			-			(189,706)
Inventory					18,628			-			18,628
Capital Equipment					1,072			-			1,072
Accounts Payable					(49,452)			-			(49,452)
Other Working Capital					288,171			-			288,171
	TOTAL				68,713			-			68,713
NET CASH FLOW					(1,205)			-			(1,205)
BEGINNING CASH					1,955			-			1,955
ENDING CASH					750			-			750
OTHER WORKING CAPITAL
Prepaid Assets					22,497			-			22,497
Intercompany					174,201			-			174,201
Other Assets					-			-			-
Accrued Expenses/Payroll					91,473			-			91,473
	TOTAL				288,171			-			288,171