Exhibit 99.1
CASE NAME: REMOTE DYNAMICS, INC.
CASE NUMBER: 04-31200 HDH-11
| UNITED STATES BANKRUPTCY COURT |
| NORTHERN AND EASTERN DISTRICTS OF TEXAS |
| DALLAS DIVISION |
| QUARTER ENDING: DECEMBER 31, 2004 |
FOR POST CONFIRMATION REPORTING |
| QUARTERLY OPERATING REPORT AND QUARTERLY BANK RECONCILEMENT |
I DECLARE UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE ATTACHED POST CONFIRMATION QUARTERLY OPERATING REPORT, AND THE POST CONFIRMATION QUARTERLY BANK RECONCILEMENT AND THESE DOCUMENTS ARE TRUE, CORRECT AND COMPLETE. DECLARATION OF THE PREPARER IS BASED ON ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
| RESPONSIBLE PARTY: | ||||
| Original Signature of Responsible Party: /s/ Robert Gray | ||||
| Printed Name of Responsible Party: ROBERT GRAY | ||||
| Title | CHIEF ACCOUNTING OFFICER | |||
| PREPARER: | ||||
| Original Signature of Preparer: /s/ Neil Read | ||||
| Printed Name of Preparer: NEIL READ | ||||
| Title | DIRECTOR, REVENUE ASSURANCE AND TREASURY | |||
POST CONFIRMATION
QUARTERLY OPERATING REPORT
CASE NAME: REMOTE DYNAMICS, INC.
CASE NUMBER: 04-31200 HDH-11
QUARTER ENDING: DECEMBER 31, 2004
| 1. | BEGINNING OF QUARTER CASH BALANCE: | $ | 1,227,725 | ||||||||
| CASH RECEIPTS: | |||||||||||
| CASH RECEIPTS DURING CURRENT QUARTER: | |||||||||||
| (a). | Cash receipts from business operations | + | $ | 4,961,717 | |||||||
| (b). | Cash receipts from loan proceeds | + | $ | 0 | |||||||
| (c). | Cash receipts from contributed capital | + | $ | 4,651,000 | |||||||
| (d). | Cash receipts from tax refunds | + | $ | 0 | |||||||
| (e). | Cash receipts from other sources | + | $ | 0 | |||||||
| 2. | TOTAL CASH RECEIPTS | = | $ | 9,612,717 | |||||||
| CASH DISBURSEMENTS: | |||||||||||
| (A). | PAYMENTS MADE UNDER THE PLAN: | ||||||||||
| (1). Administrative | + | $ | 956,875 | ||||||||
| (2). Secured Creditors | + | $ | 0 | ||||||||
| (3). Priority Creditors | + | $ | 7,478 | ||||||||
| (4). Unsecured Creditors | + | $ | 1,073,160 | ||||||||
| (5). Additional Plan Payments | + | $ | 0 | ||||||||
| (B). | OTHER PAYMENTS MADE THIS QUARTER | ||||||||||
| (1). General Business | + | $ | 5,616,862 | ||||||||
| (2). Other Disbursements | + | $ | 0 | ||||||||
| 3. | TOTAL DISBURSEMENTS THIS QUARTER | = | $ | 7,654,376 | |||||||
| 4. | CASH BALANCE END OF QUARTER | ||||||||||
| Line 1 - Plus Line 2 - Minus Line 3 = Line 4 | = | $ | 3,186,066 | ||||||||
POST CONFIRMATION
QUARTERLY BANK RECONCILEMENT
CASE NAME: REMOTE DYNAMICS, INC.
CASE NUMBER: 04-31200 HDH-11
The reorganized debtor must complete the reconciliation below for each bank account, including all general, payroll and tax accounts, as well as all savings and investment accounts, money market accounts, certificates of deposits, governmental obligations, etc. Accounts with restricted funds should be identified by placing an asterisk next to the account number. Attach additional sheets for each bank reconcilement if necessary.
QUARTER ENDING: DECEMBER 31, 2004
BANK RECONCILIATIONS
| Account #1 | Account #2 | Account #3 | Account #4 | Account #5 | ||||||||||||||||||||
| A. BANK: | PNC Bank | JP Morgan Chase Bank | JP Morgan Chase Bank | JP Morgan Chase Bank | JP Morgan Chase Bank | |||||||||||||||||||
| B. ACCOUNT NUMBER: | 57-9009-3434 | 088-06397723 | 360-06310445 | 063-00066845 | 063-00066852 | |||||||||||||||||||
| REDI Controlled | Ltd Controlled | |||||||||||||||||||||||
| Ltd Operating account | Disbursement account | Disbursement account | ||||||||||||||||||||||
| C. PURPOSE (TYPE): | Money Market | REDI Operating account | (Note 4) | (Note 1) | (Note 1) | |||||||||||||||||||
| 1. BALANCE PER BANK STATEMENT | $ | 37,729 | $ | 2,271,309 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
| 2. ADD: TOTAL DEPOSITS NOT CREDITED | ||||||||||||||||||||||||
| 3. SUBTRACT: OUTSTANDING CHECKS | $ | (252,242 | ) | $ | (1,775 | ) | ||||||||||||||||||
| 4. OTHER RECONCILING ITEMS | $ | (5,762 | ) | |||||||||||||||||||||
| 5. MONTH END BALANCE PER BOOKS | $ | 37,729 | $ | 2,265,548 | $ | 0 | $ | (252,242 | ) | $ | (1,775 | ) | ||||||||||||
| 6. NUMBER OF LAST CHECK WRITTEN | 149554 | 15410 | ||||||||||||||||||||||
BANK RECONCILIATIONS
| Account #6 | Account #7 | Account #8 | Account #9 | Account #10 | ||||||||||||||||||||
| A. BANK: | JP Morgan Chase Bank | JP Morgan Chase Bank | JP Morgan Chase Bank | JP Morgan Chase Bank | Bank of Scotland | |||||||||||||||||||
| B. ACCOUNT NUMBER: | 360-06291496 | 360-06304976 | 360-06310452 | 360-06310924 | 0883-0558202 | |||||||||||||||||||
| REDI Payroll Account - | Ltd Payroll Account - | |||||||||||||||||||||||
| Certificate of Deposit | Ltd Payroll checking | Certificate of Deposit | Corporate bank account | |||||||||||||||||||||
| C. PURPOSE (TYPE): | REDI Payroll checking | (Note 5) | (Note 5) | (Note 6) | (Note 5) | |||||||||||||||||||
| 1. BALANCE PER BANK STATEMENT | $ | 74,943 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
| 2. ADD: TOTAL DEPOSITS NOT CREDITED | ||||||||||||||||||||||||
| 3. SUBTRACT: OUTSTANDING CHECKS | $ | (17,582 | ) | |||||||||||||||||||||
| 4. OTHER RECONCILING ITEMS | $ | (947 | ) | |||||||||||||||||||||
| 5. MONTH END BALANCE PER BOOKS | $ | 56,413 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||||
| 6. NUMBER OF LAST CHECK WRITTEN | 20031 | |||||||||||||||||||||||
BANK RECONCILIATIONS
| Account #11 | Account #12 | Account #13* | Account #14 | Account #15 | ||||||||||||||||||||
| A. BANK: | Bank of Scotland | Merrill Lynch | Neligan, Tarpley, | JP Morgan Chase Bank | ||||||||||||||||||||
| B. ACCOUNT NUMBER: | 0883-0168868 | 20S 07208 | Andres & Foley LLP | FTI Consulting Inc. | 088-06399539 | |||||||||||||||||||
| Corporate bank account | ||||||||||||||||||||||||
| C. PURPOSE (TYPE): | (Note 5) | Money market account | Escrow Account (Note 2) | Escrow Account (Note 3) | RDT Operating account | |||||||||||||||||||
| 1. BALANCE PER BANK STATEMENT | $ | 0 | $ | 4,956 | $ | 651,441 | $ | 0 | $ | 88,374 | ||||||||||||||
| 2. ADD: TOTAL DEPOSITS NOT CREDITED | $ | 1,024 | ||||||||||||||||||||||
| 3. SUBTRACT: OUTSTANDING CHECKS | ||||||||||||||||||||||||
| 4. OTHER RECONCILING ITEMS | $ | (8,553 | ) | |||||||||||||||||||||
| 5. MONTH END BALANCE PER BOOKS | $ | 0 | $ | 4,956 | $ | 651,441 | $ | 0 | $ | 80,845 | ||||||||||||||
| 6. NUMBER OF LAST CHECK WRITTEN | ||||||||||||||||||||||||
BANK RECONCILIATIONS
| Account #16 | Account #17 | Account #18 | Account #19 | |||||||||||||||||||||
| A. BANK: | JP Morgan Chase Bank | JP Morgan Chase Bank | JP Morgan Chase Bank | JP Morgan Chase Bank | ||||||||||||||||||||
| B. ACCOUNT NUMBER: | 063-00066852 | 088-06399521 | 360-06291504 | 088-06411573 | ||||||||||||||||||||
| RDT Controlled | ||||||||||||||||||||||||
| Disbursement account | ||||||||||||||||||||||||
| C. PURPOSE (TYPE): | (Note 1) | RDT Payroll Account | Flex Plan Account | Money Market Account | ||||||||||||||||||||
| 1. BALANCE PER BANK STATEMENT | $ | 0 | $ | 35,203 | $ | 1,194 | $ | 331,371 | ||||||||||||||||
| 2. ADD: TOTAL DEPOSITS NOT CREDITED | ||||||||||||||||||||||||
| 3. SUBTRACT: OUTSTANDING CHECKS | $ | (16,017 | ) | $ | (15,063 | ) | ||||||||||||||||||
| 4. OTHER RECONCILING ITEMS | $ | 532 | $ | 3,250 | ||||||||||||||||||||
| 5. MONTH END BALANCE PER BOOKS | $ | (16,017 | ) | $ | 20,672 | $ | 4,445 | $ | 331,371 | |||||||||||||||
| 6. NUMBER OF LAST CHECK WRITTEN | 16371 | 13070 | 10500 | |||||||||||||||||||||
INVESTMENT ACCOUNTS
| DATE OF | TYPE OF | PURCHASE | CURRENT | |||||||||||||||||||||
| BANK, ACCOUNT NAME & NUMBER | PURCHASE | INSTRUMENT | PRICE | VALUE | ||||||||||||||||||||
| 7. NONE | ||||||||||||||||||||||||
| 8. | ||||||||||||||||||||||||
| 9. | ||||||||||||||||||||||||
| 10. | ||||||||||||||||||||||||
| 11. TOTAL INVESTMENTS | ||||||||||||||||||||||||
CASH | ||||||||||||||||||||||||
| 12. CURRENCY ON HAND | $ | 2,679 | ||||||||||||||||||||||
| 13. TOTAL CASH — END OF MONTH | $ | 3,186,066 | ||||||||||||||||||||||
| NOTE 1: | THIS IS A CONTROLLED DISBURSEMENT ACCOUNT; THUS, THE NEGATIVE BALANCE REPRESENTS OUTSTANDING CHECKS WRITTEN WHICH HAVE NOT YET CLEARED THE BANK. ITEMS CLEARED THROUGH THE BANK ARE FUNDED BY THE OPERATING ACCOUNT ON A DAILY BASIS. | |
| NOTE 2: | ESCROW ACCOUNT FOR PROFESSIONAL SERVICES RETAINER HELD ON BEHALF OF REMOTE DYNAMICS, INC. BY NELIGAN, TARPLEY, ANDRES, & FOLEY LLP. | |
| NOTE 3: | ESCROW ACCOUNT FOR PROFESSIONAL SERVICES RETAINER HELD ON BEHALF OF REMOTE DYNAMICS, INC. BY FTI CONSULTING INC. ACCOUNT CLOSED DECEMBER 2004 | |
| NOTE 4: | ACCOUNT CLOSED AUGUST 2004 | |
| NOTE 5: | ACCOUNT CLOSED SEPTEMBER 2004 | |
| NOTE 6: | ACCOUNT CLOSED JULY 2004 |
