EXHIBIT 99.1
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
[STAMP]
CASE NAME: LUMINANT WORLDWIDE CORPORATION Petition Date: 12/7/01
DBA WEBONE INC.
DBA CLARANT INC. CASE NUMBER: 01-43445-H3-11
<Table>
<Caption>
MONTHLY OPERATING REPORT SUMMARY FOR MONTH JANUARY YEAR 2002
MONTH DECEMBER JANUARY FEBRUARY MARCH APRIL MAY
- --------------------------------------- ------------ ------------ ------------ ------------ ------------ ------------
REVENUES (MOR-6) 1,381,266 411,135 -- -- -- --
INCOME BEFORE INT, DEPREC./TAX (MOR-6) (1,132,605) (1,356,091) -- -- -- --
NET INCOME (LOSS) (MOR-6) (1,808,279) (9,255,399) -- -- -- --
PAYMENTS TO INSIDERS (MOR-9) 260,935 120,425 -- -- -- --
PAYMENTS TO PROFESSIONALS (MOR-9) 50,000 -- -- -- -- --
TOTAL DISBURSEMENTS (MOR-8) (2,828,012) (1,636,095) -- -- -- --
</Table>
*** The ORIGINAL of this document MUST BE FILED with the United States
Bankruptcy Court and a COPY MUST BE SENT to the United States Trustee ***
REQUIRED INSURANCE MAINTAINED
AS OF SIGNATURE DATE
<Table>
<Caption>
EXP. DATE
----------
CASUALTY YES ( ) NO ( )
LIABILITY YES ( ) NO ( )
VEHICLE YES ( ) NO ( )
WORKER'S YES ( ) NO ( )
OTHER - DIRECTOR/OFFICER YES ( ) NO ( )
</Table>
ATTORNEY NAME: MYRON M. SHEINFELD
FIRM: Akin, Gump, Strauss, Hauer & Feld
Address: 711 Louisiana , Suite 1900
Address:
City, State, ZIP: Houston, TX 77002
Telephone: 713-220-5800
Fax: 713-236-0822
CIRCLE ONE
Are all accounts receivable being collected within terms? ( ) YES (X) NO
Are all posted-petition liabilities, including taxes, being paid within terms?
(X) YES ( ) NO
Have any pre-petition liabilities been paid? (X) YES ( ) No
If so, describe. Per various court orders related to payroll, contractors and
employee expenses.
Are all funds received being deposited into DIP bank accounts? (X) YES ( ) NO
Were any assets disposed of outside the normal course of business? (X) YES
( ) NO
If so, describe. 363 Asset Sale to Lante pursuant to order dated January 8,
2002.
Are all U.S. Trustee Quarterly Fee Payments current? (X) YES ( ) NO
What is the status of your Plan of Reorganization? Debtor expects to file
Plan and Disclosure Statement by April 1, 2002.
I certify under penalty of perjury that the following
complete Monthly Operating Report (MOR), consisting
of MOR-1 through MOR-9 plus attachments, is true and
correct.
SIGNED: /s/ H. MALCOLM LOVETT, JR.
--------------------------------------------
H. Malcolm Lovett, Jr.
TITLE: President
--------------------------------------------
MOR-1
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
COMPARATIVE BALANCE SHEETS
<Table>
<Caption>
ASSETS FILING DATE * MONTH MONTH MONTH MONTH MONTH MONTH
12/7/2001 December January February March April May
----------- ----------- ----------- ----------- ----------- ----------- ---------
CURRENT ASSETS
Cash & Cash Equivalents 14,294 (678,708) 6,895,451
Restricted Cash 1,799,880 1,799,880 1,799,880
Accounts Receivable, Net 6,479,104 5,841,547 1,470,767
Prepaid Insurance 207,481 143,836 54,738
Prepaid Expenses 397,658 169,868 481
Investments -- -- --
Other 652,548 563,642 193,110
TOTAL CURRENT ASSETS 9,550,965 7,840,065 10,414,427 -- -- -- --
PROPERTY, PLANT&EQUIP, @ COST 22,267,776 22,261,671 3,166,972
Less Accumulated Depreciation 11,875,835 12,338,662 2,716,972
Net Book Value of PP & E (1) 10,391,941 9,923,009 450,000 -- -- -- --
OTHER ASSETS:
1. Deposits 238,554 224,839 221,689
2. Deferred Debt Issue
& Interests Costs 713,936 689,438 --
3. Other 41,250 41,250 --
TOTAL ASSETS 20,936,646 18,718,601 11,086,116 -- -- -- --
</Table>
* Per Amendend Schedules and Statement of Affairs
MOR-2 (1) Management's estimate of liquidated value.
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
COMPARATIVE BALANCE SHEETS
<Table>
<Caption>
LIABILITIES & OWNER'S FILING DATE * MONTH MONTH MONTH MONTH
EQUITY 12/7/2001 December January February March
- ------------------------------------- ----------- ----------- ----------- ----------- -----------
LIABILITIES:
POST-PETITION LIABILITIES (MOR-4) -- 411,788 990,943 -- --
PRE-PETITION LIABILITIES:
Notes Payable - Secured -- -- --
Priority Debt -- -- --
Federal Income Tax -- -- --
FICA/Withholding 17,456 17,456 7,476
Unsecured Debt -- -- --
Other 42,117,050 41,293,474 42,347,213
TOTAL PRE-PETITION LIABILITIES 42,134,506 41,310,930 42,354,689 -- --
TOTAL LIABILITIES 42,134,506 41,722,718 43,345,632 -- --
OWNER'S EQUITY (DEFICIT):
Preferred Stock -- -- --
Common Stock 306,835 306,835 306,835
ADDITIONAL PAID-IN CAPITAL 455,489,941 455,491,963 455,491,963
RETAINED EARNINGS: Filing Date (476,994,636) (476,994,636) (476,994,636)
RETAINED EARNINGS: Post Filing Date (1,808,279) (11,063,678)
TOTAL OWNER'S EQUITY (NET WORTH) (21,197,860) (23,004,117) (32,259,516) -- --
TOTAL LIABILITIES &
OWNER'S EQUITY 20,936,646 18,718,601 11,086,116 -- --
<Caption>
LIABILITIES & OWNER'S MONTH MONTH
EQUITY April May
- ------------------------------------- ----------- -----------
LIABILITIES:
POST-PETITION LIABILITIES (MOR-4) -- --
PRE-PETITION LIABILITIES:
Notes Payable - Secured
Priority Debt
Federal Income Tax
FICA/Withholding
Unsecured Debt
Other
TOTAL PRE-PETITION LIABILITIES -- --
TOTAL LIABILITIES -- --
OWNER'S EQUITY (DEFICIT):
Preferred Stock
Common Stock
ADDITIONAL PAID-IN CAPITAL
RETAINED EARNINGS: Filing Date
RETAINED EARNINGS: Post Filing Date
TOTAL OWNER'S EQUITY (NET WORTH) -- --
TOTAL LIABILITIES &
OWNER'S EQUITY -- --
</Table>
MOR-3 * Per Amended Schedules and Statement of Affairs
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
SCHEDULE OF POST-PETITION LIABILITIES
<Table>
<Caption>
MONTH MONTH MONTH MONTH
DECEMBER JANUARY FEBRUARY MARCH
-------------- -------------- -------------- --------------
TRADE ACCOUNTS PAYABLE 215,958 212,417
TAX PAYABLE -- --
Federal Payroll Taxes -- --
State Payroll & Sales -- --
Ad Valorem Taxes -- --
Other Taxes -- --
TOTAL TAXES PAYABLE -- -- -- --
SECURED DEBT POST-PETITION -- --
ACCRUED INTEREST PAYABLE 95,830 161,636
ACCRUED PROFESSIONAL FEES (1) 100,000 412,000
OTHER LIABILITIES:
1. Cash Due Lante -- 173,475
2 Unapplied Cash -- 31,415
3 -- --
TOTAL POST-PETITION LIABILITIES (MOR-3) 411,788 990,943 -- --
<Caption>
MONTH MONTH
APRIL MAY
-------------- --------------
TRADE ACCOUNTS PAYABLE
TAX PAYABLE
Federal Payroll Taxes
State Payroll & Sales
Ad Valorem Taxes
Other Taxes
TOTAL TAXES PAYABLE -- --
SECURED DEBT POST-PETITION
ACCRUED INTEREST PAYABLE
ACCRUED PROFESSIONAL FEES (1)
OTHER LIABILITIES:
1. Cash Due Lante
2 Unapplied Cash
3
TOTAL POST-PETITION LIABILITIES (MOR-3) -- --
</Table>
(1) Based on verbal estimates received from debtors and creditors counsel.
MOR-4
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
AGING OF POST-PETITION LIABILITIES
MONTH OF JANUARY
<Table>
<Caption>
AD-VALOREM,
DAYS TOTAL TRADE ACCTS FED TAXES STATE TAXES OTHER TAXES OTHER
- -------------------- ------------- ------------- ------------- ------------- ------------- -------------
0-30 671,995 89,299 -- -- -- 582,696
31-60 318,948 123,118 -- -- -- 195,830
61-90 -- -- -- -- -- --
91 + -- -- -- -- -- --
TOTAL 990,943 212,417 -- -- -- 778,526
</Table>
AGING OF ACCOUNTS RECEIVABLE
<Table>
<Caption>
MONTH DECEMBER JANUARY FEBRUARY MARCH APRIL MAY
- -------------------- ------------- ------------- ------------- ------------- ------------- -------------
0-30 1,633,137 --
31-60 2,028,903 280,861
61-90 645,916 270,618
91 + 1,533,591 919,288
TOTAL 5,841,547 1,470,767 -- -- -- --
</Table>
MOR-5
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
STATEMENT OF INCOME (LOSS)
<Table>
<Caption>
MONTH 12/7/-12/31/2001 JANUARY FEBRUARY MARCH APRIL
- ---------------------------------------- ---------------- ----------- ----------- ----------- -----------
REVENUES (MOR-1) 1,381,266 411,135
TOTAL COST OF REVENUES 1,311,286 493,011
GROSS PROFIT 69,980 (81,876) -- -- --
OPERATING EXPENSES:
Selling & Marketing 9,001 5,000
General & Administrative 767,348 783,285
Insiders Compensation 220,025 92,182
Professional Fees 206,211 393,747
Other (attach list) -- --
TOTAL OPERATING EXPENSES 1,202,585 1,274,214 -- -- --
INCOME BEFORE INT, DEPR/TAX (MOR-1) (1,132,605) (1,356,091) -- -- --
INTEREST EXPENSE 212,592 149,421
DEPRECIATION 468,932 150,208
OTHER (INCOME) EXPENSE * (5,850) (1,030)
OTHER ITEMS ** (see attached schedule) -- 7,600,708
TOTAL INT, DEPR & OTHER ITEMS 675,674 7,899,308 -- -- --
NET INCOME BEFORE TAXES (1,808,279) (9,255,399) -- -- --
FEDERAL INCOME TAXES -- --
NET INCOME (LOSS) (MOR-1) (1,808,279) (9,255,399) -- -- --
<Caption>
MONTH MAY FILING TO DATE
- ---------------------------------------- ----------- --------------
REVENUES (MOR-1) 1,792,401
TOTAL COST OF REVENUES 1,804,297
GROSS PROFIT -- (11,896)
OPERATING EXPENSES:
Selling & Marketing 14,001
General & Administrative 1,550,633
Insiders Compensation 312,207
Professional Fees 599,958
Other (attach list) --
TOTAL OPERATING EXPENSES -- 2,476,799
INCOME BEFORE INT, DEPR/TAX (MOR-1) -- (2,488,696)
INTEREST EXPENSE 362,013
DEPRECIATION 619,140
OTHER (INCOME) EXPENSE * (6,880)
OTHER ITEMS ** (see attached schedule) 7,600,708
TOTAL INT, DEPR & OTHER ITEMS -- 8,574,982
NET INCOME BEFORE TAXES -- (11,063,678)
FEDERAL INCOME TAXES
NET INCOME (LOSS) (MOR-1) -- (11,063,678)
</Table>
Accrual Accounting Required, Otherwise Footnote With Explanation
* Footnote Mandatory
** Unusual and/or infrequent item(s) outside the ordinary course of business;
requires footnote
MOR-6
LUMINANT WORLDWIDE CASE NUMBER 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
MOR-6
<Table>
<Caption>
OTHER (INCOME) EXPENSE
Interest Income (1,030)
Loss on Lante purchase of AR 977,862
Loss on Lante purchase of Fixed Assets 4,123,831
Gain on sale of Fixed Assets (69,473)
2000 payroll taxes (9,980)
Employee loans reserve 7,231
Administaff credit 144,541
Prepaid expenses 62,571
Prepaid services 20,763
Administaff credit 41,250
OID for HBK 604,438
NY additional 2 weeks-Restructuring (313,646)
Accrued vacation (125,705)
OID for HBK 2,138,055
---------------
$ 7,600,708
</Table>
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
<Table>
<Caption>
CASH RECEIPTS AND MONTH MONTH MONTH MONTH
DISBURSEMENTS 12/7-12/31/2001 JANUARY FEBRUARY MARCH
- ----------------------------------------------------- --------------- --------------- --------------- ---------------
1. CASH - BEGINNING OF MONTH 1,814,174 1,121,172
RECEIPTS:
2. CASH SALES -- --
3. COLLECTION OF ACCOUNTS RECEIVABLE 2,895,655 928,208
4. LOANS & ADVANCES (ATTACH LIST) (829,247) --
5. SALE OF ASSETS 11,600 7,815,706
6. OTHER (ATTACH LIST) 57,002 466,340
TOTAL RECEIPTS 2,135,010 9,210,254 -- --
(WITHDRAWAL) CONTRIBUTION BY INDIVIDUAL DEBTOR MFR-2* -- --
DISBURSEMENTS:
7. NET PAYROLL 1,429,401 506,572
8. PAYROLL TAXES PAID 883,666 269,923
9. SALES, USE & OTHER TAXES PAID 1,084 2,181
10. SECURED / RENTAL / LEASES -- 437,809
11. UTILITIES -- 2,555
12. INSURANCE -- --
13. INVENTORY PURCHASES -- --
14. VEHICLE EXPENSES -- --
15. TRAVEL & ENTERTAINMENT 298,648 180,054
16. REPAIRS, MAINTENANCE & SUPPLIES -- --
17. ADMINISTRATIVE & SELLING 3,671 5,353
18. OTHER (ATTACH LIST) 161,542 219,899
TOTAL DISBURSEMENTS FROM OPERATIONS 2,778,012 1,624,346 -- --
19. PROFESSIONAL FEES 50,000 --
20. U.S. TRUSTEE FEES -- 11,750
21. OTHER REORGANIZATION EXPENSES (ATTACH LIST) -- -- --
TOTAL DISBURSEMENTS 2,828,012 1,636,096 -- --
22. NET CASH FLOW (693,002) 7,574,158 -- --
23. CASH - END OF MONTH (MOR-2) 1,121,172 8,695,330 -- --
<Caption>
CASH RECEIPTS AND MONTH MONTH FILING TO
DISBURSEMENTS APRIL MAY DATE
- ----------------------------------------------------- --------------- --------------- ---------------
1. CASH - BEGINNING OF MONTH 1,814,174
RECEIPTS:
2. CASH SALES --
3. COLLECTION OF ACCOUNTS RECEIVABLE 3,823,863
4. LOANS & ADVANCES (ATTACH LIST) (829,247)
5. SALE OF ASSETS 7,827,306
6. OTHER (ATTACH LIST) 523,342
TOTAL RECEIPTS -- -- 11,345,264
(WITHDRAWAL) CONTRIBUTION BY INDIVIDUAL DEBTOR MFR-2*
DISBURSEMENTS:
7. NET PAYROLL 1,935,973
8. PAYROLL TAXES PAID 1,153,589
9. SALES, USE & OTHER TAXES PAID 3,265
10. SECURED / RENTAL / LEASES 437,809
11. UTILITIES 2,555
12. INSURANCE --
13. INVENTORY PURCHASES --
14. VEHICLE EXPENSES --
15. TRAVEL & ENTERTAINMENT 478,702
16. REPAIRS, MAINTENANCE & SUPPLIES --
17. ADMINISTRATIVE & SELLING 9,024
18. OTHER (ATTACH LIST) 381,441
TOTAL DISBURSEMENTS FROM OPERATIONS -- -- 4,402,358
19. PROFESSIONAL FEES 50,000
20. U.S. TRUSTEE FEES 11,750
21. OTHER REORGANIZATION EXPENSES (ATTACH LIST) --
TOTAL DISBURSEMENTS -- -- 4,464,108
22. NET CASH FLOW -- -- 6,881,156
23. CASH - END OF MONTH (MOR-2) -- -- 8,695,330
</Table>
MOR-7 * applies to Individual debtor's only.
LUMINANT WORLDWIDE CASE NUMBER 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
MOR-7
<Table>
#6 OTHER RECEIPTS
Alex Brown 765 Dividends
Cash received on behalf of Lante-Purchased AR 173,475
Cash received on behalf of Lante-Disputed AR items 58,475
Unapplied cash-Ciber 27,940
Wells Fargo 1,433 Bank Credit
Wells Fargo 257 Dividend
Verizon refund 78
Cash received on behalf of Versatech-Ciber 203,917
---------
466,340
</Table>
LUMINANT WORLDWIDE CASE NUMBER 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
MOR-7
<Table>
#18 OTHER DISBURSEMENTS
Cash received on behalf of Versatech-Ciber 203,917
Improved Positions, Inc. 10,132
Jayagobi Natesan 5,850
---------
$ 219,899
</Table>
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
CASH ACCOUNT RECONCILIATION
MONTH OF JANUARY
<Table>
<Caption>
BANK NAME WELLS FARGO WELLS FARGO WELLS FARGO WELLS FARGO
--------------- --------------- --------------- ---------------
ACCOUNT NUMBER 437-5680717 4759 628944 4950 042952
ACCOUNT TYPE Master Operating Positive Pay Payroll Restricted Cash
BANK BALANCE 7,384,395 -- -- --
DEPOSIT IN TRANSIT -- -- -- 1,799,880
OUTSTANDING CHECKS (254,162) (191,066) (89,063) --
ADJUSTED BANK BALANCE 7,130,233 (191,066) (89,063) 1,799,880
BEGINNING CASH - PER BOOKS 12,145 (18,564) (689,900) 1,799,880
RECEIPTS 8,498,296 -- -- --
TRANSFERS BETWEEN ACCOUNTS (1,377,326) 682,199 1,375,070 --
(WITHDRAWAL) CONTRIBUTION - BY INDIVIDUAL DEBTOR MFR-2 -- -- -- --
CHECKS / OTHER DISBURSEMENTS (2,882) (854,702) (774,233) --
ENDING CASH - PER BOOKS 7,130,233 (191,066) (89,063) 1,799,880
<Caption>
BANK NAME
ACCOUNT NUMBER GRAND
ACCOUNT TYPE Other Funds TOTAL
BANK BALANCE -- 7,384,395
DEPOSIT IN TRANSIT 45,347 1,845,227
OUTSTANDING CHECKS -- (534,292)
ADJUSTED BANK BALANCE 45,347 8,695,330
BEGINNING CASH - PER BOOKS 17,610 1,121,171
RECEIPTS 711,958 9,210,254
TRANSFERS BETWEEN ACCOUNTS (679,944) --
(WITHDRAWAL) CONTRIBUTION - BY INDIVIDUAL DEBTOR MFR-2 -- --
CHECKS / OTHER DISBURSEMENTS (4,277) (1,636,095)
ENDING CASH - PER BOOKS 45,348 8,695,330
</Table>
MOR-8
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE INC.
DBA CLARANT INC.
PAYMENTS TO INSIDERS AND PROFESSIONALS
OF THE TOTAL DISBURSEMENTS SHOWN FOR THE MONTH, LIST THE AMOUNT PAID TO INSIDERS
(AS DEFINED IN SECTION 101(30)(A)-(F) OF THE U. S. BANKRUPTCY CODE) AND THE
PROFESSIONALS. ALSO, FOR INSIDERS IDENTIFY THE TYPE OF COMPENSATION PAID (E.G.,
SALARY, COMMISSION, BONUS, ETC.) (ATTACH ADDITIONAL PAGES AS NECESSARY).
<Table>
<Caption>
INSIDERS: NAME/POSITION/COMP TYPE MONTH MONTH MONTH MONTH MONTH MONTH
12/7-12/31/2001 JANUARY FEBRUARY MARCH APRIL MAY
--------------- --------------- --------------- ----- ----- -----
1. GARY BADRICK 29,051 --
2. TOM BEVIVINO 23,855 31,690
3. COURTNEY BRIEN 12,693 12,584
4. JIM COREY 39,911 23,332
5. DAVID DEBBS 27,691 7,499
6. TOD KNIGHT 21,294 5,861
7. TIM PHILLIPS 30,067 7,061
8. DAVID QUACKENBUSH 31,721 8,783
9. PERRY SCROGGIE 17,073 16,962
10. SCOTT WILLIAMSON 27,579 6,653
TOTAL INSIDERS (MOR-1) 260,935 120,425 -- -- -- --
</Table>
<Table>
<Caption>
PROFESSIONALS/NAME/ORDER DATE MONTH MONTH MONTH MONTH MONTH MONTH
12/7-12/31/2001 JANUARY FEBRUARY MARCH APRIL MAY
--------------- --------------- --------------- ----- ----- ----------
1. WILMER, CUTLER & PICKERING-12/7/2001 50,000 --
2
3
4
5
6
TOTAL PROFESSIONALS (MOR-1) 50,000 -- -- -- -- --
</Table>
MOR-9