Crystal International Travel 8-K/A Financial Statements - Period from 12-8-05 to 4-29-06

PRO-FORMA CONSOLIDATED FINANCIAL STATEMENTS

EX-99.2

CRYSTAL INTERNATIONAL TRAVEL GROUP, INC.

(Formerly Mobile Reach International, Inc.)

INDEX TO PRO-FORMA CONSOLIDATED FINANCIAL STATEMENTS

AS OF APRIL 30, 2006, AND THE THREE AND NINE MONTHS

ENDED APRIL 30, 2006

	Page
INDEX	1
INTRODUCTION TO PRO-FORMA CONSOLIDATED STATEMENTS	2
PRO-FORMA CONSOLIDATED FINANCIAL STATEMENTS:
Pro-forma Consolidated Balance Sheet	3
Pro-forma Consolidated Statement of Income for the Three Months from February 1, 2006 through April 30, 2006	4
Pro-forma Consolidated Statement of Income for the Nine Months from August 1, 2005 through April 30, 2006	5
Notes to Pro-forma Consolidated Financial Statements	6

INTRODUCTION TO PRO-FORMA CONSOLIDATED STATEMENTS

The following unaudited pro-forma consolidated balance sheet, pro-forma income statements and the explanatory notes give effect to the acquisition of Mobile Reach International, Inc. (MRI) by Crystal Hospitality Holdings, Inc (“Crystal”) transaction resulted in the former shareholders of Crystal owning the majority shares of MRI, the transaction, which is referred to as a “reverse acquisition”, has been treated for accounting purposes as an acquisition by Crystal of the net assets and liabilities of MRI.

The pro-forma consolidated balance sheet, pro-forma consolidated income statements and explanatory notes are based on the estimates and assumptions set forth in the explanatory notes.This pro-forma consolidated balance sheet and pro-forma consolidated income statements have been prepared utilizing the historical financial statements of Mobile Reach International, Inc. and Crystal Hospitality Holdings, Inc. and should be read in conjunction with the historical financial statements and notes thereto included elsewhere in this filing.

The pro-forma consolidated income statements have been prepared as if acquisitions had been consummated on August 1, 2005 under the purchase method of accounting and carried through to April 30, 2006.The pro-forma consolidated balance sheet has been prepared as if the acquisition was consummated on April 30, 2006.

This pro-forma consolidated financial data is provided for comparative purposes only, and does not purport to be indicative of the actual financial position or results of operations had the acquisition occurred at the beginning of the periods presented, nor are they necessarily indicative of the results of future operations.

CRYSTAL INTERNATIONAL TRAVEL GROUP, INC.

(Formerly Mobile Reach International, Inc.)

BALANCE SHEET

APRIL 30, 2006

	Mobile Reach International, Inc.		Crystal Hospitality Holdings, Inc.		Pro-Forma Adjustments			Pro-Forma
ASSETS
CURRENT ASSETS
Cash	$	292	$	3,703	$	-		$	3,995
Accounts receivable – related party	-		23,111		(23,111)		1	-
Prepaid expenses and other current assets	-		50,000		-			50,000
Total current assets	292		76,81		(23,111)			53,995
INTANGIBLE ASSETS - net of amortization	-		4,896,666		-			4,896,666
	$	292	$	4,973,480	$	(23,111)		$	4,950,661

LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts payable	$	403,403	$	122,285	$	-		$	525,688
Notes payable – related parties	23,111		264,456		(23,111)		1	264,456
Current portion long-term debt	54,211		-		-			54,211
Accrued expenses	712,297		478,739		-			1,191,036
Total current liabilities	1,193,022		865,480		(23,111)			2,035,391
LONG TERM DEBT	1,373,347		5,021,307		-			6,394,654
COMMITMENTS AND CONTINGENCIES	-		-		-			-
STOCKHOLDERS' EQUITY
Common stock	6,717,627		23,012		(6,717,627)		2	23,012
Accumulated deficit	(9,283,704)		(936,319)		6,717,627		2	(3,502,396)
	(2,566,077)		(913,307)		-			(3,479,384)
	$	292	$	4,973,480	$	(23,111)		$	4,950,661

CRYSTAL INTERNATIONAL TRAVEL GROUP, INC.

(Formerly Mobile Reach International, Inc.)

STATEMENT OF INCOME

FOR THE THREE MONTHS FROM February 1, 2006 TO APRIL 30, 2006

Mobile Reach International,      Inc.     Crystal Hospitality Holdings,      Inc.     Pro-Forma  Adjustments  Pro-Forma

REVENUES:

Gross receipts

$

41,938

$

-

$

-

$

41,938

41,938

-

-

41,938

COST AND EXPENSES:

Cost of sales

11,895

152,620

-

164,515

General and administrative expenses

151,737

212,415

-

364,152

163,632

365,035

-

528,667

OPERATING LOSS

(121,694)

(365,035)

-

(486,729)

OTHER INCOME (EXPENSES):

Other income

1,233

-

-

1,233

Depreciation & amortization

-

(125,000)

(125,000)

Interest expense

(18,015)

(47,530)

-

(65,545)

Loss on disposal of assets

(7,669)

-

-

(7,669)

Liabilities in excess of assets

-

-

-

-

(24,451)

(172,530)

-

(196,981)

NET LOSS

$

(146,145)

$

(537,565)

$

-

$

(683,710)

NUMBER OF SHARES

11,454,229

LOSS PER SHARE

$

(0.06)

CRYSTAL INTERNATIONAL TRAVEL GROUP, INC.

(Formerly Mobile Reach International, Inc.)

STATEMENT OF INCOME

FOR THE NINE MONTHS FROM AUGUST 1, 2006 TO APRIL 30, 2006

Mobile Reach International,      Inc.     Crystal Hospitality Holdings,      Inc.     Pro-Forma  Adjustments  Pro-Forma

REVENUES:

Gross receipts

$

374,426

$

-

$

-

$

374,426

374,426

-

-

374,426

COST AND EXPENSES:

Cost of sales

57,917

152,620

-

210,537

General and administrative expenses

734,362

611,792

-

1,346,154

792,279

764,412

-

1,556,691

OPERATING LOSS

(417,853)

(764,412)

-

(1,182,265)

OTHER INCOME (EXPENSES):

Other income

1,233

-

-

1,233

Depreciation & amortization

(10,858)

(125,000)

(135,858)

Interest expense

(84,749)

(47,530)

- 

(132,279)

Loss on disposal of assets

(10,769)

- 

- 

(10,769)

Liabilities in excess of assets

 -

- 

 (2,042,458)

2

(2,042,458)

(105,143)

(172,530)

(2,042,458)

(2,320,131)

NET LOSS

$

(522,996)

$

(936,942)

$

(2,042,458)

$

(3,502,396)

NUMBER OF SHARES

11,502,491

LOSS PER SHARE

$

(0.30)

CRYSTAL INTERNATIONAL TRAVEL GROUP, INC.

(Formerly Mobile Reach Rnternational, Inc.)

NOTES TO PRO-FORMA CONSOLIDATED FINANCIAL STATEMENTS

FOR THE THREE MONTHS FROM February 1, 2006 and for

the NINE MONTHS from AUGUST 1, 2005 TO APRIL 30, 2006

ORGANIZATION AND BASIS OF PRESENTATION:

The unaudited pro-forma consolidated balance sheet and consolidated income statements have been based on historical financial information, using generally accounting principles in the United States, of MRI for the three months from February 1, 2006 through April 30, 2006 and the nine months from August 1, 2005 through April 30, 2006, considering the effects of the reverse acquisition of MRI by Crystal was completed effective August 1, 2005 in the case of the pro-forma consolidated incomestatements, and effective April 30, 2006 in the case of the pro-forma consolidated balance sheet.

ASSUMPTION:

The number of shares used in the calculation of the pro-forma net loss per share data is based on the weighted average number of shares outstanding during the period adjusted to give effect to shares assumed to be issued, had the transactions referred to above been consummated August 1, 2005.

PRO-FORMA ADJUSMENTS:

1.

Adjust for expenses paid by

Crystal

on behalf of MRI.

2.

Record the reverse acquisition of MRI by

Crystal

and expense excess liabilities over assets on purchase.