Ariel Way (NFDV) 8-K/A Completion of Acquisition or Disposition of Assets

EXHIBIT 99.5

ARIEL WAY, INC., AND SUBSIDIARY

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED

FINANCIAL STATEMENT

SEPTEMBER 30, 2004

ARIEL WAY INC., AND SUBSIDIARY

INDEX TO UNAUDITED PRO FORMA CONDENSED CONSOLIDATED

FINANCIAL STATEMENT

PAGE(S)

Introduction to Unaudited Pro Forma Condensed Consolidated Financial Statement	1
Statement of Operations for the Year ended September 30, 2004	2

ARIEL WAY, INC., AND SUBSIDIARY

INTRODUCTION TO UNAUDITED PRO FORMA CONDENSED

CONSOLIDATED FINANCIAL STATEMENT

On September 30, 2004, Ariel Way, Inc., (“The Company”) signed a Share Exchange Agreement with Enfotec, Inc., a privately held Company whereby, Ariel Way, Inc., agreed to acquire all the outstanding capital stock of Enfotec, Inc. The transaction closed on September 30, 2004.

The acquisition will be accounted for under the purchase method of accounting. Accordingly, Ariel Way, Inc., will be treated as the continuing entity for accounting purposes, with a consolidated subsidiary.

The accompanying unaudited pro forma condensed consolidated statement of operations for the twelve months ended September 30, 2004 have been presented as if the acquisition had occurred January 1, 2003.

The unaudited pro forma condensed consolidated statement does not necessarily represent the actual results that would have been achieved had the companies been combined at the beginning of the year, nor may they be indicative of future operations. This unaudited pro forma condensed financial statement should be read in conjunction with the companies’ respective historical financial statements and notes included thereto.

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ARIEL WAY, INC. AND SUBSIDIARY

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

FOR THE YEAR ENDED SEPTEMBER 30, 2004

	Ariel Way			Enfotec			Pro
	Inc.			Inc.			Forma
REVENUES	$	41,000		$	1,275		$	41,000
OPERATING EXPENSES
Bank Service Charges		155			22			155
Automobile		258			—			258
Consultants		—			48,000			—
Depreciation		—			1,016			—
Dues and Subscriptions		770			—			770
Office Equipment		3,127			—			3,127
Organizational and start up costs		—			18,595			—
General and Administrative		—			9,435			—
Purchases		—			10,265			—
Professional Development		5,130			—			5,130
Professional Fees		131,986			—			131,986
Office Supplies		449			—			449
Telephone		1,215			—			1,215
Travel and Entertainment		1,182			—			1,182
Total operating expenses		144,273			87,333			144,273
NET LOSS FROM OPERATIONS		(103,273	)		(86,058	)		(103,273	)
OTHER INCOME (EXPENSE)
Relief of liability income		—			152,046			—
Loss on disposal of inventory		—			(26,927	)		—
Interest expense		—			(2,882	)		—
Total other income (expense)		—			122,237			—
NET LOSS BEFORE PROVISION FOR INCOME TAXES		(103,273	)		36,179			(103,273	)
Provision for income taxes		—			(19,310	)		—
NET INCOME (LOSS)	$	(103,273	)	$	16,869		$	(103,273	)

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