Shearson Financial Network (SHSN) 8-K/A Completion of Acquisition or Disposition of Assets

Exhibit No. 99.3

eHomeCredit Corp.

Item 1.	Financial Statements
	Balance Sheet -- As of June 30, 2006 and June 30, 2005 (unaudited)	F-1
	Statements of Operations -- For the Six Months Ended June 30, 2006 and June 30, 2005 (unaudited)	F-2
	Statements of Cash Flows -- For the Six Months Ended June 30, 2006 and June 30, 2005 (unaudited)	F-3

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements

eHOMECREDIT CORP.

BALANCE SHEETS

	June 30,			June 30,
	2006			2005
	(unaudited)			(unaudited)
Assets
Current assets:
Cash and cash equivalents	$	576,482		$	801,465
Mortgage loans held for sale		4,994,271			18,900,399
Loans receivable		39,750			--
Accounts receivable and receivables from loans sold, net		812,764			164,123
Prepaid and other current assets		239,497			387,075
Total current assets		6,663,058			19,451,597
Property and equipment, net		267,178			1,048,313
Total assets	$	6,930,236		$	21,301,375
Liabilities and Stockholders' Deficit
Current liabilities:
Accounts payable and accrued expenses	$	1,350,654		$	1,555,136
Notes payable		181,000			181,000
Line of credit		4,923,253			18,956,618
Total current liabilities		6,454,907			20,332,753
Total liabilities		6,454,907			20,332,753
Stockholders' equity (deficit):
Common stock, 200 shares authorized, no par value
134 shares issued and outstanding		600,200			600,200
Treasury stock - at cost		(521,380	)		(521,380	)
Capital in excess of par		9,266,655			5,768,087
Accumulated deficit		(8,870,145	)		(4,878,285	)
Total stockholders' equity		475,329			968,622
Total liabilities and stockholders' equity	$	6,930,236		$	21,301,375

F-1

EHOME CREDIT CORPORATION.

FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND JUNE 30, 2005

(unaudited)

	June 30,			June 30,
	2006			2005
Revenues
Loan origination and sale of mortgage loans	$	5,996,353		$	5,473,618
Other income		41,884			785,871
Total revenues		6,038,236			6,259,489
Cost of sales		2,745,820			458,033
Gross profit		3,292,417			5,801,455
Expenses
Salary, wages and payroll taxes		1,535,946			2,951,243
Selling, general and administrative		2,131,067			4,586,928
Professional fees		879,861			467,482
Total expenses		4,546,873			8,005,653
Loss from operations		(1,254,457	)		(2,204,198	)
Other (expense) income
Interest expense		(28,586	)		(13,352	)
Other income		46,757			32,941
Total other income		18,171			19,589
Net loss	$	(1,236,285	)	$	(2,184,609	)

F-2

EHOME CREDIT CORPORATION

STATEMENTS OF CASH FLOWS

FOR THE SIX MONTHS ENDED JUNE 30, 2006 AND 2005

Unaudited

	Six Months Ended			Six Months Ended
	June 30, 2006			June 30, 2005
Cash flows from operating activities:
Net (loss)	$	(1,236,285	)	$	(2,184,609	)
Changes in operating assets and liabilities:
(Increase) decrease in accounts receivable		655,669			39,796
(Increase) decrease in mortgage loans held for sale		4,369,939			(11,604,442	)
(Increase) decrease in prepaid expenses		173,335			399,825
(Increase) decrease in loan receivable		(39,750	)		--
(Increase) decrease in other assets		53,920			--
Increase (decrease) in accrued interest payable		(69,158	)		--
Increase (decrease) in accounts payable and accrued expenses		(506,593	)		145,127
Net cash provided by (used in) operating activities		3,401,077			(12,682,267	)
Cash flows from investing activities
Purchase of fixed assets		(64,889	)		(663,833	)
Net cash used in investing activities		(64,889	)		(663,833	)
Cash flows from financing activities:
Net (repayments) borrowings on lines of credit		(4,441,097	)		10,780,437
Payments of notes payable		(30,000	)		--
Increase in additional paid in capital		915,425			693,950
Net cash (used for) provided by financing activities		(3,555,672	)		11,474,387
Net increase (decrease) in cash and cash equivalents		(219,484	)		(1,871,713	)
Cash and cash equivalents, beginning of period		796,261			2,673,178
Cash and cash equivalents, end of period	$	576,777		$	801,465
Supplemental disclosure of cash flow information
Interest paid		--			--

F-3