EXHIBIT 99.2
Unaudited pro forma condensed combined balance sheet as of June 30, 2009; and unaudited pro forma condensed combined statement of operations for the six months ended June 30, 2009; and unaudited pro forma condensed combined balance sheet as of December 31, 2008; and unaudited pro forma condensed combined statement of operations for the year ended December 31, 2008
ALBA MINERAL EXPLORATION, INC.
ALBA MINDERAL EXPLORATION, INC.
Unaudited Condensed Combined Pro Forma Balance Sheet
| | | | | | | | | | | | | | | |
| | | | | Alba | | Diamond | | | | | | | | |
| | | | | Mineral | | Information | | | | | | | | Adjusted |
| | | | | Exploration, Inc. | Institute, Inc. | Combined | | Pro Forma | | | | ProForma |
| | | | | June 30, 2009 | June 30, 2009 | Totals | | Adjustments | AJE | | Totals |
| | | | | (Unaudited) | | (Unaudited) | | | | | | | | |
ASSETS | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Current Assets: | | | | | | | | | | | |
| Cash | | $ 17,104 | | $ - | | $ 17,104 | | $ - | | | | $ 17,104 |
| Accounts Receivable | - | | 329,549 | | 329,549 | | - | | | | 329,549 |
| Inventory | - | | 1,458,836 | | 1,458,836 | | - | | | | 1,458,836 |
| Prepaid Expenses | - | | 2,899 | | 2,899 | | - | | | | 2,899 |
| | | | | | | | | | | | | | | |
| | Total Current Assets | 17,104 | | 1,791,284 | | 1,808,388 | | - | | | | 1,808,388 |
| | | | | | | | | | | | | | | |
Property and Equipment | - | | 180,146 | | 180,146 | | - | | | | 180,146 |
| | | | | | | | | | | | | | | |
Other Assets | | | | | | | | | | | |
| Investment in Unconsolidated Affiliate | - | | 5,000 | | 5,000 | | - | | | | 5,000 |
| | | | | | | | | | | | | | | |
| | Total Other Assets | - | | 5,000 | | 5,000 | | - | | | | 5,000 |
| | | | | | | | | | | | | | | |
| | TOTAL ASSETS | $ 17,104 | | $ 1,976,430 | | $ 1,993,534 | | $ - | | | | $ 1,993,534 |
| | | | | | | | | | | | | | | |
LIABILITIES AND STOCKHOLDERS' | | | | | | | | | | | |
| EQUITY (DEFICIT) | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Current Liabilities: | | | | | | | | | | | |
| Accounts Payable and Accrued Expenses | $ 25,485 | | $ 434,144 | | $ 459,629 | | $ - | | | | $ 459,629 |
| Related Party Payable | - | | 407,566 | | 407,566 | | - | | | | 407,566 |
| Cash Overdraft | - | | 26,925 | | 26,925 | | - | | | | 26,925 |
| Bank Lines of Credit, net | - | | 922,858 | | 922,858 | | - | | | | 922,858 |
| Current Maturities of Notes Payable | - | | 80,335 | | 80,335 | | - | | | | 80,335 |
| Current Maturities of Capital Leases | - | | 21,343 | | 21,343 | | - | | | | 21,343 |
| Sales Returns and Allowances Reserve | - | | 68,920 | | 68,920 | | - | | | | 68,920 |
| | | | | | | | | | | | | | | |
| | Total Current Liabilities | 25,485 | | 1,962,091 | | 1,987,576 | | - | | | | 1,987,576 |
| | | | | | | | | | | | | | | |
Long-Term Liabilities: | | | | | | | | | | | |
| Notes Payable | - | | 138,542 | | 138,542 | | - | | | | 138,542 |
| Capital Leases | - | | 28,619 | | 28,619 | | - | | | | 28,619 |
| | | | | | | | | | | | | | | |
| | Total Long-Term Payables | - | | 167,161 | | 167,161 | | - | | | | 167,161 |
| | | | | | | | | | | | | | | |
| | Total Liabilities | 25,485 | | 2,129,252 | | 2,154,737 | | - | | | | 2,154,737 |
| | | | | | | | | | | | | | | |
Stockholders' Equity: | | | | | | | | | | | |
| Preferred Stock | - | | - | | - | �� | - | | | | - |
| Common Stock | 5,033 | | 11,814 | | 16,847 | | (3,310) | | 2 | | 4,308 |
| | | | | | | | | | | 2,585 | | 3 | | |
| | | | | | | | | | | (11,814) | | 4 | | |
| Additional Paid-in Capital | 30,312 | | 1,653,535 | | 1,683,847 | | (43,726) | | 1 | | 1,652,660 |
| | | | | | | | | | | 3,310 | | 2 | | |
| | | | | | | | | | | (2,585) | | 3 | | |
| | | | | | | | | | | 11,814 | | 4 | | |
| Accumulated Deficit | (43,726) | | (1,818,171) | | (1,861,897) | | 43,726 | | 1 | | (1,818,171) |
| | | | | | | | | | | | | | |
| | Total Stockholders' Equity | (8,381) | | (152,822) | | (161,203) | | - | | | | (161,203) |
| | | | | | | | | | | | | |
TOTAL LIABILITIES | | | | | | | | | | |
| AND STOCKHOLDERS' | | | | | | | | | | | |
| EQUITY (DEFICIT) | $ 17,104 | | $ 1,976,430 | | $ 1,993,534 | | $ - | | | | $ 1,993,534 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | - | | - | | - | | - | | | | - |
| | | | | | | | | | | | | | | |
| 1 | To eliminate accumulated deficit of Alba Mineral Exploration, Inc. to reflect reverse merger. | | | | |
| 2 | To record cancelation of 3,310,000 shares of common stock. | | | | | | | | |
| 3 | To record issuance of 2,585,175 shares of common stock to acquire 100% of the common shares of Diamond Information Institute, Inc. |
| 4 | To eliminate common stock of Diamond Information Institute, Inc. | | | | | | | | |
| | | | | | | | | | | | | | | |
ALBA MINERAL EXPLORATION, INC.
Unaudited Condensed Combined Pro Forma Statement of Operations
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | Alba | | Diamond | | | | | | | | |
| | | | | Mineral | | Information | | | | | | | | |
| | | | | Exploration, Inc. | | Institute, Inc. | | | | | | | | Pro-Forma |
| | | | | For the Six | | For the Six | | | | | | | | Adjusted |
| | | | | Months Ended | | Months Ended | | Combined | | Pro Forma | | | | Combined |
| | | | | June 30, 2009 | | June 30, 2009 | | Totals | | Adjustments | | AJE | | Totals |
| | | | | (Unaudited) | | (Unaudited) | | | | | | | | |
| | | | | | | | | | | | | | | |
REVENUES | | $ - | | $ 454,307 | | $ 454,307 | | $ - | | | | $ 454,307 |
COST OF SALES | - | | 361,694 | | 361,694 | | - | | | | 361,694 |
| | | | | | | | | | | | | | | |
GROSS PROFIT | - | | 92,613 | | 92,613 | | - | | | | 92,613 |
| | | | | | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| General and Administrative | 5,826 | | 180,547 | | 186,373 | | - | | | | 186,373 |
| Selling Expenses | - | | 130,272 | | 130,272 | | - | | | | 130,272 |
| Share-Based Compensation | - | | 10,000 | | 10,000 | | - | | | | 10,000 |
| Common Stock Issued for Services | - | | 44,000 | | 44,000 | | - | | | | 44,000 |
| | | | | | | | | | | | | | | |
| | Total Costs and Expenses | 5,826 | | 364,819 | | 370,645 | | - | | | | 370,645 |
| | | | | | | | | | | | | | | |
| | OPERATING LOSS | (5,826) | | (272,206) | | (278,032) | | - | | | | (278,032) |
| | | | | | | | | | | | | | | |
OTHER INCOME (EXPENSE) | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| Interest Expense | - | | (45,647) | | (45,647) | | - | | | | (45,647) |
| Gain (loss) on Sale of Assets | - | | 1,158 | | 1,158 | | - | | | | 1,158 |
| | | | | | | | | | | | | | | |
| | Total Other Income (Expense) | - | | (44,489) | | (44,489) | | - | | | | (44,489) |
| | | | | | | | | | | | | | | |
| | Loss Before Taxes | (5,826) | | (316,695) | | (322,521) | | - | | | | (322,521) |
| | | | | | | | | | | | | | | |
INCOME TAX PROVISION (BENEFIT) | - | | 2,080 | | 2,080 | | - | | | | 2,080 |
| | | | | | | | | | | | | | | |
| | NET LOSS | $ (5,826) | | $ (318,775) | | $ (324,601) | | $ - | | | | $ (324,601) |
| | | | | | | | | | | | | | | |
ALBA MINERAL EXPLORATION, INC.
Unaudited Condensed Combined Pro Forma Balance Sheet
| | | | | Alba | | Diamond | | | | | | | | |
| | | | | Mineral | | Information | | | | | | | | Adjusted |
| | | | | Exploration, Inc. | Institute, Inc. | Combined | | Pro Forma | | | | ProForma |
| | | | | December 31, 2008 | December 31, 2008 | Totals | | Adjustments | AJE | | Totals |
| | | | | | | | | | | | | | | |
ASSETS | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Current Assets: | | | | | | | | | | | |
| Cash | | $ 21,430 | | $ - | | $ 21,430 | | $ - | | | | $ 21,430 |
| Accounts Receivable | - | | 713,194 | | 713,194 | | - | | | | 713,194 |
| Inventory | - | | 1,326,989 | | 1,326,989 | | - | | | | 1,326,989 |
| Prepaid Expenses | - | | 39,138 | | 39,138 | | - | | | | 39,138 |
| | | | | | | | | | | | | | | |
| | Total Current Assets | 21,430 | | 2,079,321 | | 2,100,751 | | - | | | | 2,100,751 |
| | | | | | | | | | | | | | | |
Property and Equipment | - | | 160,983 | | 160,983 | | - | | | | 160,983 |
| | | | | | | | | | | | | | | |
Other Assets | | | | | | | | | | | |
| Investment in Unconsolidated Affiliate | - | | 5,000 | | 5,000 | | - | | | | 5,000 |
| | | | | | | | | | | | | | | |
| | Total Other Assets | - | | 5,000 | | 5,000 | | - | | | | 5,000 |
| | | | | | | | | | | | | | | |
| | TOTAL ASSETS | $ 21,430 | | $ 2,245,304 | | $ 2,266,734 | | $ - | | | | $ 2,266,734 |
| | | | | | | | | | | | | | | |
LIABILITIES AND STOCKHOLDERS' | | | | | | | | | | | |
| EQUITY (DEFICIT) | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
Current Liabilities: | | | | | | | | | | | |
| Accounts Payable and Accrued Expenses | $ 23,985 | | $ 446,892 | | $ 470,877 | | $ - | | | | $ 470,877 |
| Related Party Payable | - | | 394,532 | | 394,532 | | - | | | | 394,532 |
| Cash Overdraft | - | | 7,345 | | 7,345 | | - | | | | 7,345 |
| Bank Lines of Credit, net | - | | 910,449 | | 910,449 | | - | | | | 910,449 |
| Current Maturities of Notes Payable | - | | 82,015 | | 82,015 | | - | | | | 82,015 |
| Current Maturities of Capital Leases | - | | 23,402 | | 23,402 | | - | | | | 23,402 |
| Sales Returns and Allowances Reserve | - | | 132,353 | | 132,353 | | - | | | | 132,353 |
| | | | | | | | | | | | | | | |
| | Total Current Liabilities | 23,985 | | 1,996,988 | | 2,020,973 | | - | | | | 2,020,973 |
| | | | | | | | | | | | | | | |
Long-Term Liabilities: | | | | | | | | | | | |
| Notes Payable | - | | 97,270 | | 97,270 | | - | | | | 97,270 |
| Capital Leases | - | | 39,092 | | 39,092 | | - | | | | 39,092 |
| | | | | | | | | | | | | | | |
| | Total Long-Term Payables | - | | 136,362 | | 136,362 | | - | | | | 136,362 |
| | | | | | | | | | | | | | | |
| | Total Liabilities | 23,985 | | 2,133,350 | | 2,157,335 | | - | | | | 2,157,335 |
| | | | | | | | | | | | | | | |
Stockholders' Equity: | | | | | | | | | | | |
| Preferred Stock | - | | - | | - | | - | | | | - |
| Common Stock | 5,033 | | 11,643 | | 16,676 | | (3,310) | | 2 | | 4,308 |
| | | | | | | | | | | 2,585 | | 3 | | |
| | | | | | | | | | | (11,643) | | 4 | | |
| Additional paid-in Capital | 30,312 | | 1,599,707 | | 1,630,019 | | (37,900) | | 1 | | 1,604,487 |
| | | | | | | | | | | 3,310 | | 2 | | |
| | | | | | | | | | | (2,585) | | 3 | | |
| | | | | | | | | | | 11,643 | | 4 | | |
| Accumulated Deficit | (37,900) | | (1,499,396) | | (1,537,296) | | 37,900 | | 1 | | (1,499,396) |
| | | | | | | | | | | | | | |
| | Total Stockholders' Equity | (2,555) | | 111,954 | | 109,399 | | - | | | | 109,399 |
| | | | | | | | | | | | | |
TOTAL LIABILITIES | | | | | | | | | | |
| AND STOCKHOLDERS' | | | | | | | | | | | |
| EQUITY (DEFICIT) | $ 21,430 | | $ 2,245,304 | | $ 2,266,734 | | $ - | | | | $ 2,266,734 |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| | | | | - | | - | | - | | - | | | | - |
| | | | | | | | | | | | | | | |
| 1 | To eliminate accumulated deficit of Alba Mineral Exploration, Inc. to reflect reverse merger. | | | | |
| 2 | To record cancelation of 3,310,000 shares of common stock. | | | | | | | | |
| 3 | To record issuance of 2,585,175 shares of common stock to acquire 100% of the common shares of Diamond Information Institute, Inc. |
ALBA MINERAL EXPLORATION, INC.
Unaudited Condensed Combined Pro Forma Statement of Operations
| | | | | | | | | | | | | | | |
| | | | | Alba | | Diamond | | | | | | | | |
| | | | | Mineral | | Information | | | | | | | | |
| | | | | Exploration, Inc. | | Institute, Inc. | | | | | | | | Pro-Forma |
| | | | | For the | | For the | | | | | | | | Adjusted |
| | | | | Year Ended | | Year Ended | | Combined | | Pro Forma | | | | Combined |
| | | | | December 31, 2008 | | December 31, 2008 | | Totals | | Adjustments | | AJE | | Totals |
| | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
REVENUES | | $ - | | $ 1,385,620 | | $ 1,385,620 | | $ - | | | | $ 1,385,620 |
COST OF SALES | - | | 847,976 | | 847,976 | | - | | | | 847,976 |
| | | | | | | | | | | | | | | |
GROSS PROFIT | - | | 537,644 | | 537,644 | | - | | | | 537,644 |
| | | | | | | | | | | | | | | |
OPERATING EXPENSES | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| General and Administrative | 36,941 | | 495,123 | | 532,064 | | - | | | | 532,064 |
| Selling Expenses | - | | 368,664 | | 368,664 | | - | | | | 368,664 |
| Share-Based Compensation | - | | 317,500 | | 317,500 | | - | | | | 317,500 |
| Common Stock Issued for Services | - | | 450,000 | | 450,000 | | - | | | | 450,000 |
| | | | | | | | | | | | | | | |
| | Total Costs and Expenses | 36,941 | | 1,631,287 | | 1,668,228 | | - | | | | 1,668,228 |
| | | | | | | | | | | | | | | |
| | OPERATING LOSS | (36,941) | | (1,093,643) | | (1,130,584) | | - | | | | (1,130,584) |
| | | | | | | | | | | | | | | |
OTHER INCOME (EXPENSE) | | | | | | | | | | | |
| | | | | | | | | | | | | | | |
| Interest Expense | - | | (103,715) | | (103,715) | | - | | | | (103,715) |
| Gain (Loss) on Sale of Assets | - | | 1,369 | | 1,369 | | - | | | | 1,369 |
| | | | | | | | | | | | | | | |
| | Total Other Income (Expense) | - | | (102,346) | | (102,346) | | - | | | | (102,346) |
| | | | | | | | | | | | | | | |
| | Loss Before Taxes | (36,941) | | (1,195,989) | | (1,232,930) | | - | | | | (1,232,930) |
| | | | | | | | | | | | | | | |
INCOME TAX PROVISION (BENEFIT) | - | | (89,133) | | (89,133) | | - | | | | (89,133) |
| | | | | | | | | | | | | | | |
| | NET LOSS | $ (36,941) | | $ (1,106,856) | | $ (1,143,797) | | $ - | | | | $ (1,143,797) |
| | | | | | | | | | | | | | | |