EXHIBIT 99.1
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF TEXAS
HOUSTON DIVISION
CASE NAME: LUMINANT WORLDWIDE CORPORATION PETITION DATE: 12/07/2001
DBA WEBONE, INC.
DBA CLARANT, INC. CASE NUMBER: 01-43445-H3-11
MONTHLY OPERATING REPORT SUMMARY FOR MONTH DECEMBER YEAR 2002
<Table>
<Caption>
MONTH JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
- -------------------------------------- ---------- ---------- ---------- ---------- ---------- ----------
REVENUES (MOR-6) 0 0 0 0 0 0
INCOME BEFORE INT, DEPREC./TAX (MOR-6) (219,222) (121,155) (90,969) (23,059) (42,650) 121,465
NET INCOME (LOSS) (MOR-6) (212,169) (107,519) 289,137 (20,473) (29,603) (754,290)
PAYMENTS TO INSIDERS (MOR-9) 0 0 0 0 0 0
PAYMENTS TO PROFESSIONALS (MOR-9) 37,797 160,498 72,675 37,603 13,112 346,682
TOTAL DISBURSEMENTS (MOR-8) 234,063 168,884 85,352 49,642 20,095 351,769
</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 EXP.
DATE
CASUALTY YES ( ) NO ( X )
LIABILITY YES ( ) NO ( X )
VEHICLE YES ( ) NO ( X )
WORKER'S YES ( ) NO ( X )
OTHER - DIRECTOR/OFFICER YES ( ) NO ( X )
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
<Table>
<Caption>
CIRCLE ONE
Are all accounts receivable being collected within terms? YES (NO)
Are all posted-petition liabilities, including taxes, being paid within terms? (YES) NO
Have any pre-petition liabilities been paid? (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? (YES) NO
Were any assets disposed of outside the normal course of business? (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? (YES) NO
What is the status of your Plan of Reorganization? DEBTOR FILED A PLAN AND DISCLOSURE
STATEMENT ON JUNE 26, 2002. THE COURT CONFIRMED THE PLAN ON JANUARY 7, 2003.
</Table>
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>
FILING
DATE * MONTH MONTH MONTH MONTH MONTH MONTH
ASSETS 12/07/01 JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
- ----------------------------------------- ---------- ---------- ---------- ---------- ---------- ---------- ----------
CURRENT ASSETS
Cash & Equivalents 14,294 6,521,338 6,366,089 6,352,111 6,305,055 6,298,252 5,952,072
Restricted Cash 1,799,880 0 0 0 0 0 0
Accounts Receivable, Net 6,479,104 946,541 946,541 946,541 946,541 946,541 250,000
Prepaid Insurance 207,481 0 0 0 0 0 0
Prepaid Expenses 397,658 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0
Other 652,548 491,918 491,918 491,918 491,918 550,577 546,627
TOTAL CURRENT ASSETS 9,550,965 7,959,797 7,804,548 7,790,570 7,743,514 7,795,370 6,748,699
PROPERTY, PLANT&EQUIP, @ COST 22,267,776 3,166,972 3,166,972 3,166,972 3,166,972 3,166,972 3,166,972
Less Accumulated Depreciation 11,875,835 3,166,972 3,166,972 3,166,972 3,166,972 3,166,972 3,166,972
Net Book Value of PP & E 10,391,941 0 0 0 0 0 0
OTHER ASSETS:
1. Deposits 238,554 162,272 162,272 160,747 160,747 160,747 0
2. Deferred Debt Issue & Interests Cost 713,936 0 0 0 0 0 0
3. Other 41,250 0 0 0 0 0 0
TOTAL ASSETS 20,936,646 8,122,068 7,966,819 7,951,317 7,904,261 7,956,117 6,748,699
</Table>
* Per Schedules and Statement of Affairs
MOR-2
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
EQUITY 12/07/01 JULY AUGUST SEPTEMBER
- ------------------------------------- ------------ ------------ ------------ ------------
LIABILITIES:
POST-PETITION LIABILITIES (MOR-4) 1,432,149 1,384,419 1,393,405
PRE-PETITION LIABILITIES:
NOTES PAYABLE - SECURED
PRIORITY DEBT
FEDERAL INCOME TAX
FICA/WITHHOLDING 17,456 4,325 4,325
UNSECURED DEBT
OTHER 42,117,050 42,003,565 42,003,565 41,694,266
TOTAL PRE-PETITION LIABILITIES 42,134,506 42,007,890 42,007,890 41,694,266
TOTAL LIABILITIES 42,134,506 43,440,039 43,392,310 43,087,670
OWNER'S EQUITY (DEFICIT):
PREFERRED STOCK
COMMON STOCK 306,835 306,835 306,835 306,835
ADDITIONAL PAID-IN CAPITAL 455,489,941 455,491,963 455,491,963 455,491,963
RETAINED EARNINGS: FILING DATE (476,994,636) (476,994,636) (476,994,636) (476,994,636)
RETAINED EARNINGS: POST FILING DATE (14,122,132) (14,229,652) (13,940,515)
TOTAL OWNER'S EQUITY (NET WORTH) (21,197,860) (35,317,971) (35,425,490) (35,136,354)
TOTAL LIABILITIES &
OWNER'S EQUITY 20,936,646 8,122,068 7,966,819 7,951,317
<Caption>
LIABILITIES & OWNER'S MONTH MONTH MONTH
EQUITY OCTOBER NOVEMBER DECEMBER
- ------------------------------------- ------------ ------------ ------------
LIABILITIES:
POST-PETITION LIABILITIES (MOR-4) 1,366,822 1,424,111 964,270
PRE-PETITION LIABILITIES:
NOTES PAYABLE - SECURED
PRIORITY DEBT
FEDERAL INCOME TAX
FICA/WITHHOLDING
UNSECURED DEBT
OTHER 41,694,266 41,694,266 41,694,266
TOTAL PRE-PETITION LIABILITIES 41,694,266 41,694,266 41,694,266
TOTAL LIABILITIES 43,061,088 43,118,377 42,658,536
OWNER'S EQUITY (DEFICIT):
PREFERRED STOCK
COMMON STOCK 306,835 306,835 306,835
ADDITIONAL PAID-IN CAPITAL 455,491,963 455,491,963 455,491,963
RETAINED EARNINGS: FILING DATE (476,994,636) (476,994,636) (476,994,636)
RETAINED EARNINGS: POST FILING DATE (13,960,989) (13,966,422) (14,713,999)
TOTAL OWNER'S EQUITY (NET WORTH) (35,156,827) (35,162,260) (35,909,837)
TOTAL LIABILITIES &
OWNER'S EQUITY 7,904,261 7,956,117 6,748,699
</Table>
MOR-3 * Per 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 MONTH MONTH
JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
----------- ----------- ----------- ----------- ----------- -----------
TRADE ACCOUNTS PAYABLE 84,027 124,327 139,192 101,589 63,472 45,043
TAX PAYABLE
FEDERAL PAYROLL TAXES
STATE PAYROLL & SALES
AD VALOREM TAXES
OTHER TAXES
TOTAL TAXES PAYABLE
SECURED DEBT POST-PETITION
ACCRUED INTEREST PAYABLE 235,806 235,806 235,806 235,806 235,806 235,806
* ACCRUED PROFESSIONAL FEES 606,399 518,369 525,709 536,730 624,636 277,953
OTHER ACCRUED LIABILITIES:
1. DISPUTED LANTE RECEIVABLES 371,086 371,086 371,086 371,086 371,086 391,191
2. UNAPPLIED LUMINANT RECEIVABLES 213 213 0 0 0 0
3. ACCRUED LIABILITIES 127,843 127,843 114,835 114,835 114,835 0
4. ACCRUED COMMISSIONS - JANUARY 2002 6,777 6,777 6,777 6,777 6,777 6,777
5. U. S. TRUSTEE FEES 0 0 0 0 7,500 7,500
6
TOTAL POST-PETITION LIABILITIES (MOR-3) 1,432,149 1,384,419 1,393,405 1,366,822 1,424,111 964,270
</Table>
* PAYMENT REQUIRES COURT APPROVAL.
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 DECEMBER
<Table>
<Caption>
AD VALOREM,
DAYS TOTAL TRADE ACCTS FED TAXES STATE TAXES OTHER TAXES OTHER
- ----- ------------ ------------ ------------ ------------ ------------ ------------
0-30 285,453 0 285,453
31-60 0 0 0
61-90 0 0 0
91 + 678,817 45,043 633,774
TOTAL 964,270 45,043 0 0 0 919,228
</Table>
AGING OF ACCOUNTS RECEIVABLE
<Table>
<Caption>
MONTH JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
- ---------- ------------ ------------ ------------ ------------ ------------ ------------
0-30 DAYS
31-60 DAYS
61-90 DAYS
91 + DAYS 946,541 946,541 946,541 946,541 946,541 250,000
TOTAL 946,541 946,541 946,541 946,541 946,541 250,000
</Table>
MOR-5
CASE NAME: LUMINANT WORLDWODE CORPORATION CASE NUMBER 01-43445-H3-11
DBA WEBONE, INC.
DBA CLARANT, INC.
STATEMENT OF INCOME (LOSS)
<Table>
<Caption>
FILING
MONTH JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TO DATE
- ----------------------------- ----------- ----------- ----------- ----------- ----------- ----------- -----------
REVENUES (MOR-1) 0 0 0 0 0 0 1,792,401
TOTAL COST OF REVENUES 0 0 0 0 0 0 1,796,418
GROSS PROFIT 0 0 0 0 0 0 (4,017)
OPERATING EXPENSES:
Selling & Marketing 0 0 0 0 0 0 11,501
General & Administrative 124,639 6,572 (8,614) 4,539 9,108 (121,828) 3,484,337
Insiders Compensation 0 0 0 0 0 0 337,553
Professional Fees 94,583 114,583 99,583 18,520 33,542 364 1,601,680
U S Trustee Fees 0 0 0 0 0 0 --
Other (attach list) --
TOTAL OPERATING EXPENSES 219,222 121,155 90,969 23,059 42,650 (121,465) 5,435,071
INCOME BEFORE INT,
DEPR/TAX (MOR-1) (219,222) (121,155) (90,969) (23,059) (42,650) 121,465 (5,439,088)
INTEREST EXPENSE 0 0 0 0 0 0 447,013
DEPRECIATION 0 0 0 0 0 0 619,140
OTHER (INCOME) EXPENSE * (3,478) (13,636) (6,810) (2,585) (13,047) (5,589) (89,212)
OTHER ITEMS ** (3,575) 0 (373,296) 0 0 881,343 8,297,968
TOTAL INT, DEPR & OTHER ITEMS (7,053) (13,636) (380,106) (2,585) (13,047) 875,754 9,274,909
NET INCOME BEFORE TAXES (212,169) (107,519) 289,137 (20,473) (29,603) (754,290) (14,713,999)
FEDERAL INCOME TAXES --
NET INCOME (LOSS) (MOR-1) (212,169) (107,519) 289,137 (20,473) (29,603) (754,290) (14,713,999)
</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
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 JULY AUGUST SEPTEMBER OCTOBER
- ----------------------------------------------------- ------------ ------------ ------------ ------------
1. CASH - BEGINNING OF MONTH 6,650,008 6,521,337 6,366,089 6,352,111
RECEIPTS:
2. CASH SALES 0 0 0 0
3. COLLECTION OF ACCOUNTS RECEIVABLE 0 0 0 0
4. LOANS & ADVANCES (ATTACH LIST) 0 0 0 0
5. SALE OF ASSETS 44,105 0 0 0
6. OTHER (ATTACH LIST) 60,987 13,636 71,375 2,585
TOTAL RECEIPTS 105,092 13,636 71,375 2,585
(WITHDRAWAL) CONTRIBUTION BY INDIVIDUAL DEBTOR MFR-2*
DISBURSEMENTS:
7. NET PAYROLL 0 0 0 0
8. PAYROLL TAXES PAID 0 0 0 0
9. SALES, USE & OTHER TAXES PAID 0 0 0 0
10. SECURED / RENTAL / LEASES 0 0 0 0
11. UTILITIES 0 0 0 0
12. INSURANCE 0 0 0 0
13. INVENTORY PURCHASES 0 0 0 0
14. VEHICLE EXPENSES 0 0 0 0
15. TRAVEL ENTERTAINMENT 0 0 0 0
16. REPAIRS, MAINTENANCE & SUPPLIES 0 0 0 0
17. ADMINISTRATIVE & SELLING 125,066 8,385 12,677 4,539
18. OTHER (ATTACH LIST) 57,150 0 0 0
TOTAL DISBURSEMENTS FROM OPERATIONS 182,216 8,385 12,677 4,539
19. PROFESSIONAL FEES 51,547 160,498 72,675 37,603
20. U.S. TRUSTEE FEES 0 0 0 7,500
21. OTHER REORGANIZATION EXPENSES (ATTACH LIST) 0 0 0 0
TOTAL DISBURSEMENTS 233,763 168,884 85,352 49,642
22. NET CASH FLOW (128,671) (155,248) (13,977) (47,056)
23. CASH - END OF MONTH (MOR-2) 6,521,337 6,366,089 6,352,111 6,305,055
<Caption>
CASH RECEIPTS AND MONTH MONTH FILING TO
DISBURSEMENTS NOVEMBER DECEMBER DATE
- ----------------------------------------------------- ------------ ------------ ------------
1. CASH - BEGINNING OF MONTH 6,305,055 6,298,252 1,814,174
RECEIPTS:
2. CASH SALES 0 0 0
3. COLLECTION OF ACCOUNTS RECEIVABLE 0 0 4,250,264
4. LOANS & ADVANCES (ATTACH LIST) 0 0 (829,247)
5. SALE OF ASSETS 0 0 8,206,220
6. OTHER (ATTACH LIST) 13,292 5,589 2,625,315
TOTAL RECEIPTS 13,292 5,589 14,252,551
(WITHDRAWAL) CONTRIBUTION BY INDIVIDUAL DEBTOR MFR-2*
DISBURSEMENTS:
7. NET PAYROLL 0 0 1,970,206
8. PAYROLL TAXES PAID 0 0 1,177,528
9. SALES, USE & OTHER TAXES PAID 0 0 18,165
10. SECURED / RENTAL / LEASES 0 2,202 2,837,735
11. UTILITIES 0 0 7,769
12. INSURANCE 0 0 0
13. INVENTORY PURCHASES 0 0 0
14. VEHICLE EXPENSES 0 0 0
15. TRAVEL ENTERTAINMENT 0 0 520,566
16. REPAIRS, MAINTENANCE & SUPPLIES 0 0 0
17. ADMINISTRATIVE & SELLING 6,983 2,884 411,811
18. OTHER (ATTACH LIST) 0 0 1,978,394
TOTAL DISBURSEMENTS FROM OPERATIONS 6,983 5,087 8,922,174
19. PROFESSIONAL FEES 13,112 346,682 1,161,479
20. U.S. TRUSTEE FEES 0 0 31,000
21. OTHER REORGANIZATION EXPENSES (ATTACH LIST) 0 0 0
TOTAL DISBURSEMENTS 20,095 351,769 10,114,654
22. NET CASH FLOW (6,803) (346,180) 4,137,897
23. CASH - END OF MONTH (MOR-2) 6,298,252 5,952,072 5,952,072
</Table>
MOR-7 *applies to Individual debtor's only.
CASE NAME: LUMINANT WORLDWIDE CORPORATION CASE NUMBER: 01-43445-H3-11
DBA WEBONE, INC.
DBA CLARANT, INC.
CASH ACCOUNT RECONCILIATION
MONTH OF DECEMBER
<Table>
<Caption>
BANK NAME WELLS FARGO SOUTHWEST BANK SOUTHWEST BANK
-------------- -------------- --------------
ACCOUNT NUMBER #4759 628944 #317705
ACCOUNT TYPE POSITIVE PAY OPERATING TREASURY BILLS OTHER FUNDS TOTAL
-------------- -------------- -------------- -------------- --------------
BANK BALANCE 0 128,613 5,830,779 100 5,959,493
DEPOSIT IN TRANSIT 0 0 0 0 0
OUTSTANDING CHECKS 0 (7,421) 0 0 (7,421)
ADJUSTED BANK BALANCE 0 121,192 5,830,779 100 5,952,072
BEGINNING CASH - PER BOOKS 0 171,175 6,126,975 102 6,298,252
RECEIPTS 0 -- 5,589 -- 5,589
TRANSFERS BETWEEN ACCOUNTS 0 301,785 (301,785) -- 0
(WITHDRAWAL) CONTRIBUTION - BY
INDIVIDUAL DEBTOR MFR-2 0
CHECKS / OTHER DISBURSEMENTS 0 (351,767) -- (2) (351,769)
ENDING CASH - PER BOOKS 0 121,192 5,830,779 100 5,952,072
</Table>
MOR-8
CASE NAME: LUMINANT WORLDWODE 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>
MONTH MONTH MONTH MONTH MONTH MONTH
JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
INSIDERS: NAME/POSITION/COMP TYPE ----------- ----------- ----------- ----------- ----------- -----------
1.
2.
3.
4.
5.
6.
TOTAL INSIDERS (MOR-1)
</Table>
<Table>
<Caption>
MONTH MONTH MONTH MONTH MONTH MONTH
PROFESSIONALS/NAME/ORDER DATE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER
----------- ----------- ----------- ----------- ----------- -----------
1. Wilmer, Cutler & Pickering/December 7, 2001 0 127,501 0 0 0 0
2. Strategic Capital Corporation 37,797 32,998 27,310 37,603 13,112 15,042
3. Akin, Gump, Strauss, Hauer & Feld 0 0 45,366 0 0 0
4. Andrews & Kurth, LLP/December 19, 2002 0 0 0 0 0 331,641
5
6
TOTAL PROFESSIONALS (MOR-1) 37,797 160,498 72,675 37,603 13,112 346,682
</Table>
MOR-9