EXHIBIT 99.3
ITEM 7(b) 1.
IMPRESO, INC. AND SUBISIDARIES
PRO FORMA CONSOLIDATED BALANCE SHEET
AS OF FEBRUARY 28, 2002
(UNAUDITED)
(IN THOUSANDS)
<Table>
<Caption>
United
Computer
Supplies,
Impreso, Inc. Inc.
Historical Historical Proforma
2/28/2002 2/28/2002 Adjustments PROFORMA
ASSETS
Current Assets:
Cash and cash equivalents 276 360 (612) (a) 24
Trade accounts receivable, net of allowance 11,517 3,257 (3,257) (a) 11,517
Inventories 36,052 3,234 (160) (a) 39,126
Prepaid expenses and other 336 468 (418) (a) 386
Deferred income tax assets 159 -- -- 159
---------- ---------- ---------- ----------
Total current assets 48,340 7,319 (4,447) 51,212
---------- ---------- ---------- ----------
Property, plant and equipment, at cost 21,829 12,088 (6,865) (a) 27,052
Less accumulated depreciation and amortization (11,088) (5,979) 5,979 (a) (11,088)
---------- ---------- ---------- ----------
Net property and equipment 10,741 6,109 (886) 15,964
---------- ---------- ---------- ----------
Other assets 217 -- -- 217
---------- ---------- ---------- ----------
Total assets 59,298 13,428 (5,333) 67,393
========== ========== ========== ==========
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable 16,926 5,192 (5,192) (a) 16,926
Accrued liabilities 2,047 439 (310) (a) 2,176
Current maturities of long-term debt 682 5,054 (5,054) (a) 682
Line of credit 17,001 2,881 (420) (a) 19,462
---------- ---------- ---------- ----------
Total current liabilities 36,656 13,566 (10,976) 39,246
---------- ---------- ---------- ----------
Deferred compensation -- -- 805 (a) 805
Deferred income tax liability 972 -- -- 972
Long-term debt, net of current maturities 5,994 -- 4,700 (a) 10,694
---------- ---------- ---------- ----------
Total liabilities 43,622 13,566 (5,471) 51,717
---------- ---------- ---------- ----------
Stockholders' equity:
Common stock 53 252 (252) (a) 53
Warrants 34 -- -- 34
Treasury stock (39) -- -- (39)
Additional paid in capital 6,320 -- -- 6,320
Retained earnings (Accumulated Deficit) 9,308 (390) 390 (a) 9,308
---------- ---------- ---------- ----------
Total stockholders' equity 15,676 (138) 138 15,676
---------- ---------- ---------- ----------
Total liabilities and
stockholders' equity 59,298 13,428 (5,333) 67,393
========== ========== ========== ==========
</Table>
The accompanying notes are an integral part of these condensed
financial statements
EXHIBIT 99.3
Item 7 (b) 2.
IMPRESO, INC. AND SUBSIDIARIES
PRO FORMA CONSOLIDATED STATEMENT OF INCOME
FOR THE SIX MONTHS ENDED FEBRUARY 28, 2002
(UNAUDITED)
(IN THOUSANDS)
<Table>
<Caption>
United
Computer
Supplies,
Impreso, Inc. Inc.
Historical Historical Proforma
2/28/2002 2/28/2002 Adjustments PROFORMA
Net Sales 51,744 18,086 -- 69,830
Cost of Sales 46,315 16,147 -- 62,462
-------------- -------------- -------------- -------------
Gross Profit 5,429 1,939 -- 7,368
-------------- -------------- -------------- -------------
Other costs and expenses
Selling, general and administrative 4,222 2,572 -- 6,794
Interest expense 831 760 (595) (a) 996
Other income, net (1,111) (134) -- (1,245)
-------------- -------------- -------------- -------------
Total other costs and expenses 3,942 3,198 (595) 6,545
-------------- -------------- -------------- -------------
Income (loss) before income tax expense 1,487 (1,259) 595 823
-------------- -------------- -------------- -------------
Income tax expense
Current 556 -- 200 (b) 756
Deferred 2 -- -- 2
-------------- -------------- -------------- -------------
Total income tax expense 558 -- 200 758
-------------- -------------- -------------- -------------
Net income (Loss) 929 (1,259) 395 65
============== ============== ============== =============
Net income (loss) per share (basic and diluted) 0.18 0.01
============== =============
Weighted average shares outstanding 5,278,780 5,278,780
============== =============
</Table>
The accompanying notes are an integral part of these condensed
financial statements.
EXHIBIT 99.3
Item 7 (b) 3.
IMPRESO, INC. AND SUBSIDIARIES
PRO FORMA CONSOLIDATED STATEMENT OF INCOME
FOR THE YEAR ENDED AUGUST 31, 2001
(UNAUDITED)
(IN THOUSANDS)
<Table>
<Caption>
United
Computer
Supplies,
Impreso, Inc. Inc.
Historical Historical Proforma
8/31/2001 8/31/2001 Adjustments PROFORMA
Net Sales 96,208 34,215 -- 130,423
Cost of Sales 84,752 31,844 -- 116,596
------------- ------------- ------------- -------------
Gross Profit 11,456 2,371 -- 13,827
------------- ------------- ------------- -------------
Other costs and expenses
Selling, general and administrative 7,873 4,153 -- 12,026
Interest expense 1,632 817 (487) (a) 1,962
Other income, net (72) (293) -- (365)
------------- ------------- ------------- -------------
Total other costs and expenses 9,433 4,677 (487) 13,623
------------- ------------- ------------- -------------
Income (loss) before income tax expense 2,023 (2,306) 487 204
------------- ------------- ------------- -------------
Income tax expense
Current 725 -- 165 (b) 890
Deferred 51 -- -- 51
------------- ------------- ------------- -------------
Total income tax expense 776 -- 165 941
------------- ------------- ------------- -------------
Net income (Loss) 1,247 (2,306) 322 (737)
============= ============= ============= =============
Net income (loss) per share (basic and diluted) 0.24 (0.14)
============= =============
Weighted average shares outstanding 5,281,583 5,281,583
============= =============
</Table>
The accompanying notes are an integral part of these condensed financial
statements.
EXHIBIT 99.3
ITEM 7 (b) 4.
IMPRESO, INC.
NOTES TO PROFORMA
CONSOLIDATED FINANCIAL STATEMENTS
(UNAUDITED)
(a) To record purchase adjustments necessary to reflect the fair value of
assets acquired and liabilities assumed, to eliminate assets not
acquired and liabilities not assumed, to record debt issued in
connection with the acquisition and the related impact on interest
expense, and to eliminate the equity of the acquired entity.
(b) To adjust the provision for income taxes for the effect of the
preceding pro forma adjustments.