Debtor: Unitel Video et al. ACCRUAL BASIS-1
Case No.: 99-2979 (PJW)
OFFICE OF THE UNITED STATES TRUSTEE -- REGION 3
MONTHLY OPERATING REPORT
for the month ending October 31, 1999
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Document Previously Explanation
Required Attachments: Attached Submitted Attached
1. Tax Receipts ( ) ( ) (X) (To be provided in
subsequent report)
2. Bank Statements (X) ( ) ( )
3. Most recently filed
Income Tax Return ( ) (X) ( )
4. Most recent Annual Financial ( ) (X) ( )
Statements prepared by accountant
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE, I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS-1 THROUGH ACCRUAL BASIS-9) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON
ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY:
/s/ Ira Glazer CONSULTANT for Unitel Video
- -------------------------------------- ---------------------------------
SIGNATURE OF RESPONSIBLE PARTY TITLE
/s/ Ira Glazer 12/13/99
- -------------------------------------- ---------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Sandra Brethauer Accountant
- -------------------------------------- ---------------------------------
SIGNATURE OF PREPARER TITLE
/s/ Sandra Brethauer 12/13/99
- -------------------------------------- ---------------------------------
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the Court and serve a copy on
the United States Trustee no later than the 15th day of the month following the
end of the month covered by the report.
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
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INCOME STATEMENT
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2-month
Sep-99 Oct-99 Total
============================================================================================================
Revenues $ 2,365,691 $ 2,134,301 $ 4,499,992
- ------------------------------------------------------------------------------------------------------------
============================================================================================================
Cost of Sales
- ------------------------------------------------------------------------------------------------------------
Rent $ 148,817 $ 151,527 $ 300,344
- ------------------------------------------------------------------------------------------------------------
Payroll $ 354,647 $ 422,958 $ 777,605
- ------------------------------------------------------------------------------------------------------------
Equipment leases $ 35,726 $ 23,144 $ 58,870
- ------------------------------------------------------------------------------------------------------------
Other COGS $ 538,898 $ 641,690 $ 1,180,588
- ------------------------------------------------------------------------------------------------------------
Total COGS $ 1,078,088 $ 1,239,319 $ 2,317,407
- ------------------------------------------------------------------------------------------------------------
============================================================================================================
Operating Expenses
- ------------------------------------------------------------------------------------------------------------
Officer/insider compensation $ 74,173 $ 72,250 $ 146,423
- ------------------------------------------------------------------------------------------------------------
Overhead payroll $ 76,799 $ 52,397 $ 129,196
- ------------------------------------------------------------------------------------------------------------
Insurance $ 6,726 $ 10,216 $ 16,942
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Other SG&A $ 84,473 $ 82,651 $ 167,124
- ------------------------------------------------------------------------------------------------------------
Total Operating Expenses $ 242,171 $ 217,514 $ 459,685
- ------------------------------------------------------------------------------------------------------------
============================================================================================================
Gain on sale of equipment $ 25,000 $ -- $ 25,000
- ------------------------------------------------------------------------------------------------------------
============================================================================================================
Depreciation & Amortization $ 428,747 $ 428,352 $ 857,099
- ------------------------------------------------------------------------------------------------------------
============================================================================================================
Interest expense $ 287,112 $ 283,060 $ 570,172
- ------------------------------------------------------------------------------------------------------------
============================================================================================================
Reorganization expenses
- ------------------------------------------------------------------------------------------------------------
Professional fees (Kaye Scholer, Getzler, Heller, Houlihan-L) $ 252,832 $ 321,233 $ 574,065
- ------------------------------------------------------------------------------------------------------------
U.S. Trustee fees $ 1,000 $ 1,000
- ------------------------------------------------------------------------------------------------------------
Total Reorganization Expenses $ 253,832 $ 321,233 $ 575,065
- ------------------------------------------------------------------------------------------------------------
============================================================================================================
Net Profit (loss) $ 100,741 $ (355,177) $ (254,436)
============================================================================================================
Notes:
Officer/insider compensation is payroll only; doesn't include payroll tax;
payroll tax is included in the direct portion
Interest expense includes many equipment leases
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
===============================================================================
BALANCE SHEET
===============================================================================
Cash $ 138,050
Net accounts receivable $ 3,526,743
Prepaid corporate tax & expenses, deferred tax asset $ 521,127
- -------------------------------------------------------------------------------
Total Current Assets $ 4,185,920
- -------------------------------------------------------------------------------
PP&E $ 92,693,723
Accumulated depreciation $ 52,057,551
- -------------------------------------------------------------------------------
Net PP&E $ 40,636,172
- -------------------------------------------------------------------------------
Deferred taxes $ 2,157,058
Other Assets $ 1,955,546
Goodwill $ 1,421,743
===============================================================================
Total Assets $ 50,356,439
===============================================================================
Prepetition accounts payable $ 7,729,961
Postpetition accounts payable $ 402,057
Accrued expenses $ 3,264,042
Payroll & related expense $ 739,386
Current maturity of secured long-term debt $ 16,666,350
Current maturity of unsecured long-term debt $ 1,068,054
- -------------------------------------------------------------------------------
Total current liabilities $ 29,869,850
- -------------------------------------------------------------------------------
Secured long-term debt $ 19,657,704
Unsecured long-term debt $ 1,259,753
Accrued retirement expense $ 917,276
- -------------------------------------------------------------------------------
Long-term liabilities $ 21,834,733
- -------------------------------------------------------------------------------
Common stock $ 26,755
Add'l paid-in capital $ 27,286,352
Treasury stock $ (7,645,089)
Retained earnings $(20,851,417)
YTD Income/loss $ (164,746)
- -------------------------------------------------------------------------------
Total stockholders' equity $ (1,348,145)
- -------------------------------------------------------------------------------
===============================================================================
Total liabilities & stockholders' equity $ 50,356,438
===============================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
=========================================================================================================================
CASH RECEIPTS AND October
DISBURSEMENTS Payroll NY Mobile Petty Cash Total
=========================================================================================================================
1 Cash-Beginning of Month $ 22,055 $ 64,956 $ 22,493 $ 56,889 $ 166,393
RECEIPTS
2 Cash Sales $ 29,521 $ 29,521
3 Accounts Receivable Collections $ --
4 Loans & Advances $ -- $ 1,074,173 $ 280,202 $ 1,354,375
5 Sale of Assets $ --
6 Lease & Rental Income $ --
7 Wages $ --
8 Other-Transfers between accounts $ 322,366 $ (321,113) $ (6,389) $ (5,136)
9 Total Receipts(Total Lines 2-8) $ 322,366 $ 782,581 $ 280,202 $ (6,389) $ 1,378,760
DISBURSEMENTS
10 Net Payroll $ 198,647 $ 142,777 $ 341,424
11 Payroll Taxes $ 87,126 $ 89,250 $ 176,376
12 Sales, Use & Other Taxes Paid $ 35 $ 35
13 Inventory Purchases $ -- $ --
14 Mortgage Payments $ -- $ --
15 Other Secured Note Payments $ -- $ --
16 Rental & Lease Payments $ 136,217 $ 46,560 $ 182,777
17 Utilities $ 91,755 $ 18,251 $ 110,006
18 Insurance $ 45,621 $ 23,924 $ 4,767 $ 74,312
19 Vehicles Expenses $ -- $ --
20 Travel $ 8,336 $ 15,492 $ 23,828
21 Entertainment $ -- $ --
22 Repairs & Maintenance $ 91,540 $ 540 $ 92,080
23 Supplies $ --
24 Advertising $ --
25 Household Expenses $ --
26 Charitable Contributions $ --
27 Gifts $ --
28 Other (Attach List) $ 12,909 $ 127,172 $ 195,184 $ (5,000) $ 330,265
29 Total Lines 10-28 $ 344,303 $ 711,006 $ 280,794 $ (5,000) $ 1,331,103
REORGANIZATION EXPENSES
30 Professional Fees $ --
31 U.S. Trustee Fees $ 1,000 $ 1,000
32 Other - Investment Banker Fees $ 75,000 $ 75,000
33 Total Lines 30-32 $ -- $ 76,000 $ -- $ -- $ 76,000
34 Total Disbursements (Line 29-33) $ 344,303 $ 787,006 $ 280,794 $ (5,000) $ 1,407,103
35 Net Cash Flow (Line 9- Line 34) $ (21,937) $ (4,425) $ (592) $ (1,389) $ (28,343)
36 Cash-End of Month (Line 1 + Line 35) $ 118 $ 60,531 $ 21,901 $ 55,500 $ 138,050
=========================================================================================================================
=========================================================================================================================
28 OTHER CASH DISBURSEMENTS
Payroll NY Mobile Petty Cash Total
=========================================================================================================================
Security $ 18,592 $ 18,592
Equipmement Rental $ 18,967 $ 10,022 $ 28,989
Shipping, Postage & Messenger $ 812 $ 9,226 $ 10,038
Bank Charges $ 956 $ 48 $ 1,004
Freelancers $ 65,579 $ 14,809 $ 80,388
Corporate Income Tax $ -- $ --
401K $ 12,909 $ 15,435 $ 28,344
Perdiems, Airfare, Hotels $ 103,035 $ (5,000) $ 98,035
Equipment R&M, Truck Rentals, Fuel $ -- $ 45,474 $ 45,474
Miscellaneous $ 6,831 $ 12,570 $ -- $ 19,401
Total Other Cash Disbursements $ 12,909 $ 127,172 $ 195,184 $ (5,000) $ 330,265
=========================================================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
=======================================================================
UNITEL OPERATING ACCOUNT
=======================================================================
DISBURSEMENTS: TOTAL:
#8082 10/1 Liman Video $ 620.00
#8083 10/1 Burns Security $ 3,366.08
#8084 10/1 Petty Cash $ 250.00
#8085 10/1 Central Parking Systems $ 175.00
#8086 10/4 Camera Service Center $ 84.00
10/4 Bank Charges $ 303.11
#8087 10/5 AD Winston $ 2,435.63
#8088 10/5 ASL-Freelance $ 1,856.26
#8089 10/5 LRED-Cleaning $ 7,001.61
#8090 10/5 Liman-Equip Rentals $ 2,970.00
#8091 10/5 Rapid Parking $ 195.00
#8092 10/6 NYC Lite $ 3,616.63
#8093 10/7 Commerical Claims $ 350.00
#8094 10/7 Donald Reynolds-messenger $ 388.00
#8095 10/7 Viking Office Supplies $ 250.59
#8096 10/7 AD Winston-Airconditioning $ 2,920.00
#8097 10/7 American Honda-Auto lease $ 553.05
#8098 10/7 ADT Security $ 2,801.28
#8099 10/7 Columbus Hardware $ 204.71
#8100 10/7 GDS-Equip repairs $ 5,870.00
#8101 10/7 Quinn & Feiner-Airconditioning $ 4,910.39
#8102 10/7 Samuel Phillips $ 350.00
#8103 10/7 Burns Security $ 876.83
#8104 10/7 Rabbit Productions $ 1,500.00
#8105 10/8 ASL $ 2,985.00
#8106 10/8 Burns $ 3,541.09
#8107 10/8 Lenoble $ 253.30
#8108 10/8 Time Equities $ 21,419.16
#8109 10/8 SL Green $ 6,109.17
#8110 10/8 American Honda $ 25.00
#8111 10/12 Cinevision $ 243.56
#8112 10/12 Bexel $ 1,500.00
#8113 10/12 Liman $ 1,115.00
#8114 10/12 Fidelity-401k $ 15,434.97
#8115 10/12 Rich & Famous $ 660.00
#8116 10/12 Snow Bird $ 89.30
#8117 10/12 Edward S. Gordon $ 1,840.25
#8118 10/12 ASL $ 1,890.00
#8119 10/12 Edward S. Gordon $ 26,250.00
#8120 10/12 Edward S. Gordon $ 26,250.00
#8121 10/12 Guild Signs $ 9,417.75
#8122 10/12 LRED $ 7,107.70
#8123 10/12 Scharff Weisburg $ 200.88
#8124 10/12 Waterfront Communications $ 2,400.00
#8125 10/12 UNUM Life Ins $ 2,014.91
#8126 10/12 Zurich Insurance $ 1,271.98
#8127 10/12 Guardian $ 3,057.69
#8128 10/12 UNUM Life Ins $ 14,090.45
#8129 10/14 SL Green-Rent $ 6,109.17
#8130 10/14 Educational Broadcasting-rent $ 35,833.33
#8131 10/14 Hilson-rent $ 35,495.50
#8132 10/14 Time Equities-rent $ 8,741.22
#8133 10/14 Time Equities-rent $ 20,670.26
10/15 Bank Charges $ 653.09
#8134 10/15 M. Epstein $ 1,324.90
#8135 10/15 A-1 Fire Protection $ 421.09
#8136 10/15 Bunn Coffee Service $ 228.21
#8137 10/15 Dover Elevator $ 1,133.41
#8138 10/15 Die Rite $ 649.50
#8139 10/15 GDS $ 6,159.50
#8140 10/15 Janovic $ 928.40
#8141 10/15 Production Arts $ 525.00
#8142 10/15 Quinn & Feiner $ 1,199.73
#8143 10/15 TW Smith $ 70.80
#8144 10/15 Tasos $ 151.30
#8146 10/15 Rabbit Productions $ 1,573.49
#8147 10/15 Quinn & Feiner $ 159.30
#8148 10/15 Scharff Weisburg $ 112.50
#8149 10/19 HG Enterprises-Insurance $ 3,490.00
#8150 10/20 AD Winston $ 4,686.00
#8151 10/20 Bavaro Carting $ 746.21
#8152 10/20 Bunn Coffee Service $ 64.63
#8153 10/20 Burns Int'l $ 3,707.42
#8154 10/20 Con Edison $ 29,484.94
#8155 10/20 Con Edison $ 20,672.47
#8156 10/20 Con Edison $ 10,232.46
#8157 10/20 Con Edison $ 9,899.87
#8158 10/20 Con Edison $ 2,036.27
#8159 10/20 Con Edison $ 7,845.57
#8160 10/20 Con Edison $ 1,080.80
#8161 10/20 Con Edison $ 8,104.34
#8162 10/20 GDS Video Corp $ 2,257.75
#8163 10/20 LRED $ 7,303.63
#8164 10/20 Leitch Video $ 3,225.00
#8165 10/20 Liman $ 1,980.00
#8166 10/20 M.Epstein $ 818.00
#8167 10/20 McMaster $ 134.87
#8168 10/20 NYC Lite $ 1,500.00
#8169 10/20 NYC Dept $ 90.00
#8170 10/20 Tasos $ 205.00
#8171 10/20 Vip Prompting $ 695.00
#8172 10/20 Xytech Systems $ 793.75
#8173 10/20 NYS Sales Tax $ 35.04
10/20 WT Houlihan Lokey $ 75,000.00
#8175-8211 10/21 T&E $ 8,336.04
#8213 10/21 Petty Cash $ 289.85
#8214 10/21 Petty Cash $ 132.59
#8215 10/21 Donald Reynolds-Messenger $ 424.00
#8217 10/21 US Trustees-Chapter 11 $ 1,000.00
#8219 10/21 Barbara Rider-Editel Bldg $ 600.00
#8213 10/21 Viking -Office Supplies $ 321.85
#8221 10/27 Burns Security $ 3,814.41
#8222 10/27 Columbus Hardware $ 103.88
#8223 10/27 LRED $ 7,199.71
#8224 10/27 M Epstein $ 818.00
#8225 10/27 Philips Digital $ 203.13
#8226 10/27 Safeway Security $ 64.95
#8227 10/28 M Epstein $ 148.20
#8228 10/28 Columbus Hardware $ 295.75
#8229 10/29 GDS $ 11,118.00
#8230 10/29 McKinney Welding $ 41.14
#8231 10/29 Production Arts $ 900.00
#8232 10/29 Quinn & Feiner $ 3,667.65
#8233 10/29 ASL $ 1,800.00
#8234 10/29 AD Winston $ 110.96
#8235 10/29 AD Winston $ 340.99
#8236 10/29 ADP $ 2,913.99
Total Disbursements $555,889.14
Net Payroll $142,777.00
Payroll Taxes $ 89,250.00
Total NY Disbursements $787,916.14
=======================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
====================================================================================================
MELLON CHECKBOOK RECONCILIATION
====================================================================================================
CHECK DATE VENDOR AMOUNT
====================================================================================================
41094 10/4/99 Cash/PC PerDiem $340.00 $9,205.00
41095 10/4/99 Sony Electronics Tape Stock $871.50
41096 10/5/99 Leff Electronics COD Truck Equipment $535.74
41097 10/5/99 Sony Electronics Tape Stock $581.00
41098 10/6/99 Paul Kendall Accountable $1,500.00
41099 10/6/99 Ryder Truck Rentals $4,257.98
41100 10/6/99 Hallie Lieberman Petty Cash $2,000.00
41101 10/7/99 Sachtler COD Parts $27.75
41102 10/7/99 Petty Cash Accountable/Perdiem $9,606.41
41103 10/7/99 Economy Electric COD Phase Outlet $76.00
41108 10/7/99 Duquesne Light Electric $3,063.63
41109 10/7/99 MCI Phone $5,489.15
41110 10/7/99 Pagenet Pagers $494.24
41111 10/7/99 Performance Lighting Equipment Rental $345.00
41112 10/7/99 Rollins Tractor Leases $2,288.72
41113 10/7/99 Route 60 Truck Repairs $994.65
41114 10/7/99 Skytel Pagers $895.79
41115 10/7/99 Systems Wireless Equipment $350.00
41116 10/7/99 Textron Floor Scrubber Lease $299.82
41117 10/7/99 Travel Technology Airline Tickets $10,000.00
41118 10/7/99 TW Smith Hydrogen $45.47
41119 10/7/99 US Air PDQ Shipping $124.00
41120 10/7/99 Worldcom Phones $1,695.75
41104 10/8/99 Luis Mendoza Office Cleaning $270.00
41105 10/8/99 Robert Murrell Freelance Driver $1,200.00
41106 10/8/99 Crystal Springs Water $108.80
41107 10/8/99 Frank Rainey Mileage $68.40
41121 10/8/99 SOS Global Express Shipping $3,825.40
41122 10/11/99 Ted Bolish Freelance Driver $600.00
41123 10/11/99 Yellott Canby Freelance Driver $1,600.00
10/12/99 Wire Transfer Fee $12.00
41131 10/13/99 All Phase Electric Supply Bulbs $57.37
41132 10/13/99 Arrowhead Mountain Water Burbank $38.76
41133 10/13/99 AT&T Cell Phones $78.87
41134 10/13/99 Bell Atlantic Phone $326.32
41135 10/13/99 Bexel Equipment Rental $2,375.00
41136 10/13/99 Blue Cross of CA Burbank Hayes/Healy $977.00
41137 10/13/99 Broadcast Video Rentals Equipment Rental $672.00
41138 10/13/99 BFI Garbage Pick up $249.14
41139 10/13/99 Bruce Plastics Pgh Rent $8,860.00
41140 10/13/99 Burbank PSD Electric $827.67
41141 10/13/99 Chem Dry Truck Cleaning $272.00
41142 10/13/99 Cody Cleaning Office Leaning Burbank $580.85
41143 10/13/99 Duke City Equipment Rental $595.00
41144 10/13/99 Federal Express Shipping $110.50
41145 10/13/99 GAB Burbank Rent $14,000.00
41146 10/13/99 Metrocall Burbank Pagers $171.58
41147 10/13/99 Marcus Cable Calbe Burbank $79.14
41148 10/13/99 National Rental Car Auto Rentals $2,984.35
41149 10/13/99 Pitney Bowes Postage Burbank $288.87
41150 10/13/99 Pitney Bowes Copier Burbank $317.17
41151 10/13/99 Praxair Equipment Rental $39.46
41152 10/13/99 Rollins Tractor Leases $1,321.62
41153 10/13/99 Rossi Delivery Shipping $520.00
41154 10/13/99 Ryder Tractor Leases $4,354.69
41155 10/13/99 Rentokil Plant service Burbank $120.30
41156 10/13/99 Southern CA Gas Gas $3.07
41157 10/13/99 Travel Technology Airline Tickets $10,000.00
41158 10/13/99 UPS Shipping $582.32
41159 10/13/99 UPS Shipping $14.22
41160 10/13/99 Youth Sports Net/Pony L Reimburse Sales Overpay $4,395.00
41161 10/13/99 Zee Medical Trucks Medical Supplies $55.08
41162 10/13/99 Allied Office Supplies $152.89
41124 10/13/99 IBEW Local #385 Union Dues $3,790.48
41125 10/13/99 Vega COD Parts $120.24
41126 10/14/99 Paper Products COD Gaffer/White Tape $937.44
41127 10/14/99 Petty Cash Per Diem $13,665.00
41128 10/14/99 Mike Will Freelance Driver $1,600.00
41129 10/14/99 SOS Global Express Shipping $637.00
41130 10/14/99 Leff Electronics COD PArts $479.74
41163 10/15/99 Luis Mendoza Office Cleaning $135.00
41164 10/15/99 Commercial Truck & Trailer Red Truck Repair $2,098.16
41165 10/15/99 Robert Murrell Freelance Driver $600.00
41166 10/15/99 NYC Dept of Finance Parking Ticket BT1 $55.00
41055 10/18/99 Pa Turnpike Commission VOID CHECK ($831.49)
41167 10/18/99 Vincent Lighting COD Equipment $230.00
41168 10/18/99 Fontastics CIA Equipment Rental $1,260.00
10/18/99 Wire Transfer Fee $12.00
41169 10/19/99 Leff Electronics COD Parts $88.80
41170 10/20/99 Chris Dahl Reimburse Expense Rpt $67.01
41171 10/20/99 McMaster Carr COD Parts $116.45
41172 10/20/99 Petty Cash PC/PerDiem/Account $3,420.00
41173 10/21/99 Telecast Fiber Repair Fiber $350.00
41176 10/21/99 Blachly William Keith Reimburse 8/31 Expenses $111.00
41176 10/21/99 Blachly William Keith VOID CHECK ($111.00)
41177 10/21/99 Richard Clouser Reimburse 8/31 Expenses $3,304.29
41178 10/21/99 Kevin Hayes Reimburse Expenses $661.45
41179 10/21/99 Joseph Heck Reimburse 8/31 Expenses $69.70
41180 10/21/99 Jones Michael Reimburse 8/31 Expenses $1,701.18
41180 10/21/99 Jones Michael VOID CHECK ($1,701.18)
41181 10/21/99 Terry Kulchar Reimburse 8/31 Expenses $59.60
41182 10/21/99 Roy Otake Reimburse 8/31 Expenses $434.87
41183 10/21/99 Peggs Lynn Reimburse 8/31 Expenses $59.81
41183 10/21/99 Peggs Lynn VOID CHECK ($59.81)
41184 10/21/99 Will James Reimburse 8/31 Expenses $413.60
41184 10/21/99 Will James VOID CHECK ($413.60)
41185 10/21/99 Keith Blachly Reimburse 8/31 Expenses $111.00
41186 10/21/99 Michael Jones Reimburse 8/31 Expenses $1,701.18
41187 10/21/99 Lynn Peggs Reimburse 8/31 Expenses $59.81
41188 10/21/99 James Will Reimburse 8/31 Expenses $413.60
41189 10/21/99 Goerge Bielich Reimburse 8/31 Expenses $119.89
41190 10/21/99 Ted Bolish Freelance Driver $900.00
41191 10/21/99 Ed Hajbura Reimburse 8/31 Expenses $1,915.16
41192 10/21/99 James McCourt Reimburse 8/31 Expenses $242.76
41193 10/21/99 Luis Mendoza Office Cleaning $270.00
41194 10/21/99 Maggie Milton Reimburse 8/31 Expenses $233.99
41195 10/21/99 Robert Murrell Freelance Driver $1,000.00
41196 10/21/99 Ron Stutzman Freelance/Jeopardy $3,283.63
41206 10/21/99 Allen Industrial Supply Cleaning Supply $9.74
41207 10/21/99 AT&T Phone $67.76
41208 10/21/99 AT&T Phone $110.81
41209 10/21/99 Bell Atlantic Phone $1,076.28
41210 10/21/99 Bexel Equipment Rental $800.00
41211 10/21/99 Express One Shipping $402.30
41212 10/21/99 Federal Express Shipping $371.71
41213 10/21/99 Heid Pro Audio Audio Equipment $1,897.35
41214 10/21/99 Nebraska Interstate Permit $3.50
41215 10/21/99 Orkin Exterminating Exterminator Burbank $47.50
41216 10/21/99 Pitney Bowes Postage Lease Burbank $147.19
41217 10/21/99 Pitney Bowes Copier Lease Burbank $317.17
41218 10/21/99 Pacific Bell Phone $639.30
41219 10/21/99 Pa Turnpike Commission Tolls $1,120.45
41220 10/21/99 Rollins Tractor Leases $8,046.27
41221 10/21/99 Ryder Tractor Leases $8,372.61
41222 10/21/99 Travel Technology Airline Tickets $10,000.00
41223 10/21/99 TW Smith Hydrogen $8.61
41224 10/21/99 US Air PDQ Shipping $62.00
41174 10/22/99 Mellon Bank Cashiers Check for Sony $1,161.14
41175 10/22/99 Coit Red Carpet Cleaning $80.25
41197 10/22/99 Comtek COD Parts $55.00
41198 10/22/99 SOS Global Express Shipping $541.45
41199 10/22/99 Fontastics CIA Equipment Rental $1,680.00
41200 10/22/99 Unitel Mobile-Burbank Petty Cash Reimbursement $4,492.08
41200 10/22/99 Unitel Mobile-Burbank VOID CHECK ($4,492.08)
10/22/99 Wire Tranfer Fee $12.00
41201 10/25/99 Glen Levine Reimb for Router Output Board $1,132.00
41202 10/26/99 PNC Bank To Open PNC Debit Card a/c $5,000.00
41203 10/26/99 Hallie Lieberman Petty Cash replace 41200 $4,492.08
41204 10/26/99 Tom Geren Reimburse 8/31 Expenses $364.83
41205 10/26/99 Kevin Hayes Reimburse 8/31 Expenses $1,485.00
41225 10/26/99 Hugh Healy Reimburse 8/31 Expenses $81.00
41226 10/26/99 Gridley Quihuis Reimburse 8/31 Expenses $268.30
41227 10/26/99 Ron Stutzman Reimburse 8/31 Expenses $261.20
41228 10/26/99 Tracey Yokas Reimburse 8/31 Expenses $250.04
41229 10/26/99 Leff Electronics COD Equipment Parts $484.47
41230 10/27/99 Ramtronix COD Equipment $747.05
41231 10/27/99 Kevin Hayes Expenses 10/13 $2,283.64
41232 10/27/99 PBCC Post Chapter 11 Copier/Postage $1,971.60
41233 10/27/99 Petty Cash PerDiem $9,565.00
41234 10/28/99 Leff Electronics COD Parts $488.00
41235 10/28/99 Scharff Weisberg COD Equipment Parts $250.00
41241 10/28/99 Allied Office Products Office Supplies $107.28
41242 10/28/99 Broadcast Video Rentals Equipment Rental $595.00
41243 10/28/99 Bruce Plastics Pgh Rent $8,860.00
41244 10/28/99 Ted Bolish Freelance Driver $1,200.00
41245 10/28/99 Burbank PSD Electric $1,500.17
41246 10/28/99 Charter/ABS Equipment Rental $1,024.65
41247 10/28/99 Express One Shipping $211.00
41248 10/28/99 Federal Express Shipping $22.86
41249 10/28/99 GAB Burbank Rent $14,840.00
41250 10/28/99 Hugh Healy Reimb Expenses $1,025.50
41251 10/28/99 Lineman Video Rental Equipment Rental $675.00
41252 10/28/99 MCI Phone $2,121.37
41253 10/28/99 Luis Mendoza Office Cleaning $135.00
41254 10/28/99 Maggie Milton Reimb Expenses $285.19
41255 10/28/99 Bob Murrell Freelance Driver $150.00
41256 10/28/99 Bob Murrell Freelance Driver $300.00
41257 10/28/99 Pacific Bell Phones $1,388.33
41258 10/28/99 Reserve Acc/Pitney Bowes Postage for Meter $200.00
41259 10/28/99 Rollins Fuel Charges $777.87
41260 10/28/99 Ryder Tractor Leases Fuel $4,489.77
41261 10/28/99 Frank Rainey Reimb Expenses $128.55
41262 10/28/99 Ron Stutzman Reimb Expenses $176.64
41263 10/28/99 Travel Technology Airline Tickets $10,000.00
41264 10/28/99 Unocal Gasoline $136.00
41265 10/28/99 Mike Will Freelance Driver $1,000.00
41219 10/21/99 Pennsylvania Turnpike Comm VOID CHECK ($1,120.45)
41236 10/29/99 Pennsylvania Turnpike Comm Fare Charges $904.50
41237 10/29/99 Donald Cunningham Freelance $1,225.00
41238 10/29/99 Sean O'Halloran Freelance Maint $1,050.00
41239 10/29/99 SOS Global Express Shipping $1,925.50
10/29/99 Wire Transfer Fee $12.00
10/31/99 Bank Fees $3.50
-----------
Total Disbursements October 1999 $282,969.03
====================================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
=========================================================================================================================
- -------------------------------------------------------------------------------------------------------------------------
Closed
BANK RECONCILIATIONS Account #1 Account #2 Account #3 Account #4
- -------------------------------------------------------------------------------------------------------------------------
A BANK: Fleet Fleet Mellon Fleet
B ACCOUNT NUMBER: 9417-544821 9415-859803 038-5545 9417-549227
C PURPOSE (TYPE) Payroll A/P A/P Petty Cash
1 Balance per Bank Statement 58216.48 116236.65 101432.1 0
2 Total Deposits Not Credited
3 Outstanding Checks 55615.8 55706.11 79530.66
4 +/- Other reconciling items (Attach List) -2482.98 0.01 0
5 Month end balance per books 117.7 60530.55 21901.44 0
6 Number of last check written 1480 8236 41239
- -------------------------------------------------------------------------------------------------------------------------
Closed Closed
BANK RECONCILIATIONS Account #5 Account #6 Account #7 Account #8 Account #9
- -------------------------------------------------------------------------------------------------------------------------
A BANK: Wells Fargo Wells Fargo Mellon Union BOC PNC Bank
B ACCOUNT NUMBER: 4159-405224 0290-519198 167-5894 0720089084 10-0959-6087
C PURPOSE (TYPE) Payroll A/P Petty Cash A/P A/P
1 Balance per Bank Statement $ -- $ -- $ -- $ (10.00) $ 5,000.00
2 Total Deposits Not Credited $ -- $ -- $ -- $ -- $ --
3 Outstanding Checks $ -- $ --
4 +/- Other reconciling items (Attach List) $25,000.00 $25,010.00 $ --
5 Month end balance per books $ -- $ -- $25,000.00 $25,000.00 $ 5,000.00
6 Number of last check written
11 INVESTMENT ACCOUNTS - NONE
12 CURRENCY ON HAND $ 500.00
13 TOTAL CASH-END OF MONTH $138,049.69
=========================================================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
================================================================================
FLEET PAYROLL BANK RECONCILIATION
================================================================================
BALANCE PER BANK 10/31/99 $58,216.48
LESS O/S CHECKS $55,615.80
BOOK BALANCE $ 2,600.68
BOOK BALANCE $ 117.70
DIFFERENCE $ 2,482.98
OUTSTANDING CHECK LIST:
CK # Amount
1079 $ 571.97
1141 $ 1,305.76
1346 $ 483.71
1413 $ 637.73
1446 $ 466.57
1461 $ 249.32
1465 $ 1,355.69
1466 $ 608.32
1468 $ 1,316.27
1470 $ 563.36
1471 $ 1,302.15
1472 $ 1,355.70
1479 $ 344.13
Aetna 6137 $29,518.20
Aetna 6138 $ 1,622.99
Met Life 6139 $ 4,118.02
Zurich 6140 $ 1,062.42
Tribus 6141 $ 5,063.34
Unum 6142 $ 3,670.15
Total $55,615.80
================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
================================================================================
ACCOUNTS RECEIVABLE AGING
================================================================================
0-30 days old $ 1,851,090
31-60 days old $ 1,463,767
61-90 days old $ 272,707
91+ days old $ 149,302
TOTAL ACCOUNTS RECEIVABLE $ 3,736,866
AMOUNT CONSIDERED UNCOLLECTIBLE $ 44,738
ACCOUNTS RECEIVABLE (NET) $ 3,692,128
================================================================================
======================================
AGING OF POSTPETITION ACCOUNTS PAYABLE
================================================================================
0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL
================================================================================
ACCOUNTS PAYABLE $230,970 $171,087 $ 402,057
================================================================================
========================================================================================================
STATUS OF POSTPETITION TAXES
========================================================================================================
BEGINNING AMOUNT ENDING TAX DELINQUENT
TAX LIABILITY WITHHELD/ACCRUED AMOUNT PAID LIABILITY TAXES
========================================================================================================
FEDERAL
========================================================================================================
Withholding $ 91,236 $ 91,236 $ --
FICA - Employee $ 28,179 $ 28,179 $ --
FICA - Employer $ 28,179 $ 28,179 $ --
Unemployment $ 204 $ 204 $ --
Income
Other
========================================================================================================
Total Federal Taxes $147,797 $147,797 $ --
========================================================================================================
STATE & LOCAL
========================================================================================================
Withholding $ 26,180 $ 26,180 $ --
Sales $ 1,616 $ 35
Excise
Unemployment $ 2,399 $ 2,399 $ --
Real Property $ -- $ 20,796 $ --
Personal Property $129,874 $ -- $129,874
Other - (Commercial Rent Tax)
========================================================================================================
TOTAL STATE AND LOCAL $160,069 $ 49,410 $129,874
========================================================================================================
TOTAL TAXES $307,866 $197,207 $129,874
========================================================================================================
==========================================================================================
PAYMENTS TO INSIDERS AND PROFESSIONALS
==========================================================================================
==========================================================================================
INSIDERS
==========================================================================================
Cumulative
NAME Position Type of Payment Amount Paid Unpaid Balance
==========================================================================================
Al Geisler Board Member T&E $ 183.00
- ------------------------------------------------------------------------------------------
Barry Knepper CEO Salary $18,300.00
- ------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------
TOTAL PAYMENTS TO INSIDERS $18,483.00
==========================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
================================================================================
PROFESSIONALS
================================================================================
Type of Date of Court Order Amount Amount Total Paid
NAME Professional Authorizing Payment Approved Paid to Date
================================================================================
Houlihan Lokey Inv. Bankers $75,000 $75,000 $75,000
================================================================================
================================================================================
ADEQUATE PROTECTION PAYMENTS
================================================================================
SCHEDULED MONTHLY AMOUNTS PAID TOTAL UNPAID
NAME OF CREDITOR PAYMENTS DUE DURING MONTH POSTPETITION
================================================================================
Bear Stearns - mortgage $111,000 $111,000
- --------------------------------------------------------------------------------
Heller - term loan $100,000 $100,000
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
================================================================================
================================================================================
QUESTIONNAIRE
YES NO
================================================================================
1. Have any assets been sold or transferred outside the normal
course of business this reporting period? X
- --------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other than a
debtor in possession account? X
- --------------------------------------------------------------------------------
3. Are any postpetition receivables (accounts, notes or loans)
due from related parties? X
- --------------------------------------------------------------------------------
4. Have any payments been made on prepetition liabilities this
reporting period? X
- --------------------------------------------------------------------------------
5. Have any postpetition loans been received by the debtor from
any party? X
- --------------------------------------------------------------------------------
6. Are any postpetition payroll taxes past due? X
- --------------------------------------------------------------------------------
7. Are any postpetition state or federal income taxes past due? X
- --------------------------------------------------------------------------------
8. Are any postpetition real estate taxes past due? X
- --------------------------------------------------------------------------------
9. Are any other postpetition taxes past due? X
- --------------------------------------------------------------------------------
10. Are any amounts owed to postpetition creditors past due? X
- --------------------------------------------------------------------------------
11. Have any prepetition taxes been paid during the reporting
period? X
- --------------------------------------------------------------------------------
12. Are any wage payments past due? X
================================================================================
================================================================================
INSURANCE YES NO
================================================================================
1. Are worker's compensation, general liability and other
necessary insurance coverages in effect? X
- --------------------------------------------------------------------------------
2. Are all premium payments paid current? X
- --------------------------------------------------------------------------------
3. Please itemize policies below
================================================================================
================================================================================
INSURANCE POLICIES
================================================================================
TYPE OF INSURANCE BROKER PAYMENT
- --------------------------------------------------------------------------------
Directors & Officers ARC Excess & Surplus, LLC - $6,725 monthly through
Liability; Misc. financing through AI Credit 3/00; expires 6/00
Professional
Liability; Pension
Trust Fiduciary
Liability
- --------------------------------------------------------------------------------
Property Policy FM Global -- financing Down payment -- $34,449;
through AFCO 7 installments of $11,849
- --------------------------------------------------------------------------------
General liability; SCS Agency 9 payments of $10,113
auto disability; commencing 12-3-99;
mobile liability; disability through 10/00
foreign liability;
DICE; workers' comp
& two umbrella
liability policies
- --------------------------------------------------------------------------------
Travel accident HG Enterprises Renewed through 11/00
================================================================================
================================================================================
PERSONNEL
================================================================================
FULL TIME PART TIME
================================================================================
1. Total number of employees at beginning of period 71 21
- --------------------------------------------------------------------------------
2. Number of employees hired during the period 0 15
- --------------------------------------------------------------------------------
3. Number of employees terminated or resigned during the
period 4 0
- --------------------------------------------------------------------------------
4. Total number of employees on payroll at end of period 67 36
================================================================================
================================================================================
CHANGE OF ADDRESS
================================================================================
Mailing address has not changed
================================================================================
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 1 OF 3
9417-544821
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
PAYROLL CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
65 ENCLOSED ITEMS Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
===============================================================================================================
BEGINNING DEPOSITS, OTHER CHECKS, WITHDRAWALS, INTEREST ACCOUNT ACTIVITY ENDING
CHECKING BALANCE CREDITS OLDER DEBITS PAID & OTHER FEES BALANCE
- ---------------------------------------------------------------------------------------------------------------
9417-544821 34055.08 322366.45 298205.05 .00 .00 58216.48
- ---------------------------------------------------------------------------------------------------------------
ACCOUNT NO. 9417-549821 COMMERCIAL CHECKING PERIOD 10/01/99 THROUGH 10/29/99
BUSINESS BANKING CENTER ACCESS CODE 0571
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-07 703.31 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991007 94K1H 100840B01
UNITEL VIDEO INC
019992808835149 CCD
10-15 32,473.45 WIRE INTERNAL BOOK TRANS CR
10/15/99 001434
9999991015001434
1999101500194NTR
UNITEL VIDEO INC
10-21 272,286.42 WIRE INTERNAL BOOK TRANS CR
10/21/99 001297
9999991021001297
1999102100063NTR
UNITEL VIDEO INC
10-21 87,125.92 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991021 94K1H 102242A01
UNITEL VIDEO INC
019992942086000 CCD
10-21 703.31 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991021 94K1H 102242B02
UNITEL VIDEO INC
019992942085565 CCD
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 2 OF 3
9417-544821
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
PAYROLL CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9417-544821 CONTINUED PERIOD 10/01/99 THROUGH 10/29/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-22 125,356.65 PREAUTHORIZED DDA DEBIT
AUTOMATIC DA PAYROLL
422055 K1HA01231713238
UNITEL VIDEO INC
019992931765428 PPD
10-27 17,606.58 WIRE INTERNAL BOOK TRANS CR
10/27/99 004788
9999991027004788
1999102700890NTR
UNITEL VIDEO INC
- ------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- ------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
10-12 1292 261.67 10-19 1430 223.58 10-12 1450 340.18
10-13 1329* 528.57 10-19 1431 515.83 10-13 1451 588.60
10-01 1351* 823.11 10-14 1432 1,201.92 10-14 1452 809.33
10-19 1388* 817.70 10-13 1433 1,087.31 10-12 1453 822.94
10-04 1408* 637.73 10-27 1434 275.27 10-26 1454 1,852.34
10-19 1412* 596.91 10-14 1435 1,466.44 10-26 1455 556.27
10-01 1416* 271.86 10-19 1436 1,478.72 10-25 1456 681.82
10-04 1417 1,031.21 10-18 1437 414.70 10-25 1457 886.10
10-05 1418 241.16 10-14 1438 621.60 10-27 1458 525.84
10-01 1419 344.12 10-21 1439 240.34 10-28 1459 1,617.37
10-12 1421* 1,957.58 10-13 1440 170.61 10-27 1460 1,134.47
10-19 1422 309.97 10-14 1441 1,456.43 10-27 1462* 638.24
10-13 1423 556.27 10-12 1442 1,921.94 10-26 1463 1,136.66
10-15 1424 1,810.45 10-14 1443 1,020.24 10-28 1464 1,823.33
10-12 1425 782.62 10-14 1444 345.01 10-26 1467* 1,120.22
10-12 1426 818.03 10-19 1445 1,412.97 10-25 1469* 1,440.07
10-13 1427 1,529.60 10-19 1447* 1,567.09 10-27 1473* 228.56
10-12 1428 1,253.91 10-13 1448 1,692.72 10-27 1474 1,584.64
10-15 1429 940.83 10-14 1449 1,670.54 10-27 1475 1,022.73
CONTINUED
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 3 OF 3
9417-544821
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
PAYROLL CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9417-544821 CONTINUED PERIOD 10/01/99 THROUGH 10/29/99
- ------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- ------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
10-28 1476 275.27 10-26 1480* 1,055.11 10-27 6135 567.00
10-27 1477 1,690.81 10-19 6133* 964.40 10-25 6136 12,909.08
10-27 1478 241.16 10-18 6134 13,506.76
* DENOTES SEQUENCE BREAK
- --------------------------------------------------------------------------------
- DAILY BALANCE SUMMARY -
- --------------------------------------------------------------------------------
DATE BALANCE DATE BALANCE DATE BALANCE
10-01 32,615.99 10-14 7,098.52 10-22 73,872.26
10-04 30,947.05 10-15 36,820.69 10-25 57,955.19
10-05 30,705.89 10-18 22,899.23 10-26 52,234.59
10-07 30,002.58 10-19 15,012.06 10-27 61,932.45
10-12 21,843.71 10-21 199,228.91 10-28 58,216.48
10-13 15,690.03
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
================================================================================
FLEET OPERATING BANK RECONCILIATION
================================================================================
BALANCE PER BANK 10/31/99 $116,236.65
LESS O/S CHECKS $ 55,706.11
ADJUSTED BANK BALANCE $ 60,530.54
BOOK BALANCE 10/31/99 $ 60,530.55
DIFFERENCE $ (0.01)
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 1 OF 6
9415-859803
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
555 WEST 57TH STREET CY
SUITE 1240 -----------------------
NEW YORK NY 10019 Please remit to:
132 ENCLOSED ITEMS FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================================================
BEGINNING DEPOSITS, OTHER CHECKS, WITHDRAWALS, INTEREST ACCOUNT ACTIVITY ENDING
CHECKING BALANCE CREDITS OLDER DEBITS PAID & OTHER FEES BALANCE
- ----------------------------------------------------------------------------------------------------------------
9415-859803 249303.32 1115639.04 1248705.71 .00 .00 116236.65
- ----------------------------------------------------------------------------------------------------------------
ACCOUNT NO. 9415-859803 COMMERCIAL CHECKING PERIOD 10/01/99 THROUGH 10/29/99
BUSINESS BANKING CENTER ACCESS CODE 7399
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-01 16,261.88 WIRE INCOMING FED
10/01/99 007504
9999991001007504
28790
MELLON BANK N.A.
10-01 1,840.25 PREAUTHORIZED DDA CREDIT
NDPS NDPS DEP
199909 8788000152756
UNITED NY
019992747604340 CCD
10-04 866.00 PREAUTHORIZED DDA CREDIT
NDPS NDPS DEP
199910 8788000152756
UNITED NY
019992777866848 CCD
10-04 213.21 PREAUTHORIZED DDA DEBIT
NDPS NDPSSTLMNT
199910 8788000152772
UNITEL POST 38
019992777866864 CCD
10-04 64.90 PREAUTHORIZED DDA DEBIT
NDPS NDPSSTLMNT
199910 8788000152756
UNITEL NY
019992777866863 CCD
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 2 OF 6
9415-859803
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
555 WEST 57TH STREET CY
SUITE 1240 -----------------------
NEW YORK NY 10019 Please remit to:
FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 10/01/99 THROUGH 10/29/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-04 25.00 PREAUTHORIZED DDA DEBIT
NDPS NDPSSTLMNT
199910 8788000152798
EDITEL-LA
019992777866865 CCD
10-05 .65 PREAUTHORIZED DDA DEBIT
AMERICAN EXP COLLECTION
991005 6316930411
UNITEL V1DEO631693041 1
019992788139033 CCD
10-07 286,428.25 WIRE INCOMING FED
10/07/99 006556
9999991007006556
23361
MELLON BANK N.A.
10-07 89,250.37 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991007 94K1H 100840A02
UNITEL VIDEO INC
019992808835584 CCD
10-08 142,776.65 PREAUTHORIZED DDA DEBIT
AUTOMATIC DA PAYROLL
402065 K1HA01231713238
UNITEL VIDEO INC
019992798497823 PPD
10-12 40,500.00 WIRE INCOMING FED
10/12/99 008270
9999991012008270
29580
MELLON BANK N.A.
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 3 OF 6
9415-859803
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
555 WEST 57TH STREET CY
SUITE 1240 -----------------------
NEW YORK NY 10019 Please remit to:
FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 10/01/99 THROUGH 10/29/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-12 17,391.36 PREAUTHORIZED DDA CREDIT
AMERICAN EXP SETTLEMENT
991012 6316930411
UNITEL VIDEO6316930411
019992850051444 CCD
10-12 4,852.50 PREAUTHORIZED DDA CREDIT
AMERICAN EXP SETTLEMENT
991012 6316930411
UNITEL VIDEO6316930411
019992850032103 CCD
10-12 4,500.00 PREAUTHORIZED DDA CREDIT
NDPS NDPS DEP
199910 8788000152756
UNITED NY
019992850070888 CCD
10-12 911.52 PREAUTHORIZED DDA CREDIT
UNITEL VIDEO INC
ACH CREDIT REVERSAL
10-13 1,252.69 TR FROM 9417549227
10-14 9,780.88 RET STOP PYMT CK
10-15 70.36 PREAUTHORIZED DDA CREDIT
NDPS NDPS DEP
199910 8788000152756
UNITED NY
019992881088857 CCD
10-15 32,473.45 REPETITIVE IBT VIA PC
10/15/99 001434
9999991015001434
1999101500194NTR
unitel video inc payroll acct
10-15 653.09 PRIOR MONTH SERVICE CHARGE
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 4 OF 6
9415-859803
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
555 WEST 57TH STREET CY
SUITE 1240 -----------------------
NEW YORK NY 10019 Please remit to:
FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 10/01/99 THROUGH 10/29/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-18 311,000.00 WIRE INCOMING FED
10/18/99 006536
9999991018006536
21006
MELLON BANK N.A.
10-20 249,111.35 WIRE INCOMING FED
10/20/99 006173
9999991020006173
24167
MELLON BANK N.A.
10-20 75,000.00 WIRE NON-REPETITIVE
10/20/99 004112
9999991020004112
UNITEL VIDEO INC
HOULIHAN LOKEY HOWARD AND ZUKI
10-21 272,286.42 REPETITIVE IBT VIA PC
10/21/99 001297
9999991021001297
1999102100063NTR
UNITEL VIDEO INC
10-22 120,297.00 WIRE INCOMING FED
10/22/99 003975
9999991022003975
10076
MELLON BANK N.A.
10-27 17,606.58 REPETITIVE IBT VIA PC
10/27/99 004788
9999991027004788
199910270O89ONTR
UNITEL VIDEO INC PAYROLL
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 5 OF 6
9415-859803
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
555 WEST 57TH STREET CY
SUITE 1240 -----------------------
NEW YORK NY 10019 Please remit to:
FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 10/01/99 THROUGH 10/29/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-29 50,575.00 WIRE INCOMING FED
10/29/99 008134
9999991029008134
28498
MELLON BANK N.A.
- -------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- -------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
10-21 8125 2,014.91 10-05 8080 2,641.90 10-12 8104 1,500.00
10-04 7387* 1,192.88 10-05 8081 300.00 10-15 8105 2,985.00
10-13 7419* 3,181.74 10-04 8082 620.00 10-15 8106 3,541.09
10-06 7420 3,517.89 10-07 8083 3,366.08 10-19 8107 253.30
10-08 8029* 32,385.94 10-04 8084 250.00 10-13 8108 21,419.16
10-08 8030 20,247.98 10-06 8085 175.00 10-15 8109 6,109.17
10-05 8035* 876.83 10-08 8086 84.00 10-14 8110 25.00
10-04 8048* 553.05 10-07 8087 2,435.63 10-22 8111 243.56
10-05 8051* 185.04 10-13 8088 1,856.26 10-25 8112 1,500.00
10-06 8052 50.00 10-08 8089 7,001.61 10-18 8113 1,115.00
10-07 8059* 2,405.00 10-07 8090 2,970.00 10-18 8114 15,434.97
10-01 8064* 7,501.73 10-08 8091 195.00 10-15 8115 660.00
10-04 8065 1,800.00 10-08 8092 3,616.63 10-15 8116 89.30
10-01 8066 264.00 10-14 8093 350.00 10-19 8117 1,840.25
10-05 8067 500.00 10-13 8094 388.00 10-26 8118 1,890.00
10-07 8068 23,981.60 10-14 8095 250.59 10-19 8119 26,250.00
10-04 8069 51,109.60 10-13 8096 2,920.00 10-19 8120 26,250.00
10-05 8070 4,169.62 10-14 8097 553.05 10-15 8121 9,417.75
10-08 8072* 2,800.00 10-15 8098 2,801.28 10-18 8122 7,107.70
10-05 8073 16,261.88 10-15 8099 204.71 10-20 8123 200.88
10-04 8074 1,856.26 10-14 8100 5,870.00 10-19 8124 2,400.00
10-05 8075 235.25 10-12 8101 4,910.39 10-20 8126* 1,271.98
10-05 8077* 375.00 10-13 8102 350.00 10-20 8127 3,057.69
10-05 8079* 3,462.03 10-15 8103 876.83 10-20 8128 14,090.45
CONTINUED
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 6 OF 6
9415-859803
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
555 WEST 57TH STREET CY
SUITE 1240 -----------------------
NEW YORK NY 10019 Please remit to:
FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 10/01/99 THROUGH 10/29/99
- ------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- ------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
10-19 8129 6,109.17 10-26 8155 20,672.47 10-26 8182 10.00
10-22 8130 35,833.33 10-26 8156 10,232.46 10-25 8187* 186.63
10-18 8131 35,495.50 10-26 8157 9,899.87 10-28 8188 623.90
10-20 8133* 20,670.26 10-26 8158 2,036.27 10-28 8189 80.00
10-19 8134 1,324.90 10-26 8159 7,845.57 10-27 8190 725.65
10-22 8135 421.09 10-26 8160 1,080.80 10-27 8193* 764.57
10-21 8136 228.21 10-26 8161 8,104.34 10-25 8201* 377.26
10-25 8137 1,133.41 10-25 8162 2,257.75 10-27 8203* 399.00
10-25 8138 649.50 10-25 8163 7,303.63 10-28 8204 500.00
10-20 8139 6,159.50 10-22 8165* 1,980.00 10-28 8207* 184.00
10-20 8140 928.40 10-29 8166 818.00 10-26 8208 30.00
10-21 8141 525.00 10-26 8167 134.87 10-28 8209 970.93
10-20 8142 1,199.73 10-27 8168 1,500.00 10-27 8211* 41.00
10-21 8143 70.80 10-28 8170* 205.00 10-28 8213* 289.85
10-22 8144 151.30 10-28 8173* 35.04 10-28 8214 132.59
10-25 8146* 1,573.49 10-27 8175* 174.00 10-27 8215 424.00
10-20 8147 159.30 10-28 8177* 261.00 10-26 8217* 1,000.00
10-22 8148 112.50 10-26 8178 768.00 10-27 8219* 600.00
10-21 8149 3,490.00 10-25 8179 25.00 10-26 8220 321.85
10-27 8150 4,686.00 10-26 8181* 605.44 10-13 55913* 9,780.88
10-26 8154* 29,484.94
* DENOTES SEQUENCE BREAK
- --------------------------------------------------------------------------------
- DAILY BALANCE SUMMARY -
- --------------------------------------------------------------------------------
DATE BALANCE DATE BALANCE DATE BALANCE
10-01 259,639.72 10-13 146,083.13 10-22 205,806.31
10-04 202,820.82 10-14 148,815.37 10-25 190,799.64
10-05 173,812.62 10-15 89,074.06 10-26 96,682.76
10-06 170,069.73 10-18 340,920.89 10-27 69,761.96
10-07 332,089.30 10-19 276,493.27 10-28 66,479.65
10-08 122,981.49 10-20 402,866.43 10-29 116,236.65
10-12 184,726.48 10-21 124,251.09
127.58
- --------------------------------------------------------------------------------
Notice: See reverse side for important information.
OUTSTANDING CHECK LIST:
CK # Amount
8318 $ 104.20
8317 $ 127.58
8076 $ 2,260.68
8132 $ 8,741.22
8151 $ 746.21
8152 $ 64.63
8153 $ 3,707.42
8164 $ 3,225.00
8169 $ 90.00
8171 $ 695.00
8172 $ 793.75
8180 $ 183.00
8191 $ 9.00
8192 $ 214.66
8195 $ 190.00
8198 $ 66.00
8206 $ 474.00
8210 $ 473.00
8221 $ 3,814.41
8222 $ 103.88
8223 $ 7,199.71
8224 $ 818.00
8225 $ 203.13
8226 $ 64.95
8227 $ 148.20
8228 $ 295.75
8229 $11,118.00
8230 $ 41.14
8231 $ 900.00
8232 $ 3,667.65
8233 $ 1,800.00
8234 $ 110.96
8235 $ 340.99
8236 $ 2,913.99
Total Open Amount $55,706.11
Balance per Books 60,530.55
Books plus Open 116,236.66
================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
================================================================================
MELLON OPERATING BANK RECONCILIATION
================================================================================
Balance per bank 10/31/99 $101,432.10
Less o/s checks $(79,530.66)
-----------
Book balance 9/30/99 $ 21,901.44
-----------
Difference 0.00
===========
[LOGO] MELLON BANK
Business Checking
MELLON BANK NA
WESTERN REGION
CRAFTON-INGRAM SHOPPING CTR
800-527-1800
UNITEL MOBILE VIDEO A DIV OF 100
UNITEL VIDEO INC 95
4100 STEUBENVILLE PIKE
PITTSBURGH PA 15205-9643
PAGE: 1
ACCOUNT NUMBER: 038-5545
STATEMENT FROM: SEP 30, 1999
TO: OCT 29, 1999
0 BZ 133
================================================================================
Account Summary
================================================================================
ACTIVITY ITEMS DOLLAR SUBTOTALS DOLLAR TOTALS
- --------------------------------------------------------------------------------
OPENING BALANCE 410,099.49
DEPOSITS 0 .00
WIRE TRANSFER CREDITS 4 280,202.00
OTHER CREDITS 0 .00
TOTAL CREDITS 4 280,202.00
CHECKS PAID 133 253,794.89
WIRE TRANSFER DEBITS 1 335,000.00
SERVICE CHARGES 1 24.00
OTHER DEBITS 1 50.50
TOTAL DEBITS 140 588,869.39
CLOSING BALANCE 101,432.10
================================================================================
Daily Transactions
====================================================================================================
DATE TRANSACTION DESCRIPTION CHECKS/DEBITS DEPOSITS/CREDITS
- ----------------------------------------------------------------------------------------------------
09-30 CLOSING BALANCE PREVIOUS STATEMENT .............................................. 410,099.49
10-01 WIRE TRANSFER DEBIT 335,000.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 10,612.70
WIRE XFER SERVICE 1 ITEM(S) 2.50
DAILY BALANCE ...................... 64,484.29
10-04 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 24,170.57
DAILY BALANCE ...................... 40,313.72
10-05 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 7,400.14
DAILY BALANCE ...................... 32,913.58
10-06 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 1,155.10
DAILY BALANCE ...................... 31,758.48
10-07 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 10,506.41
DAILY BALANCE ...................... 21,252.07
10-08 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 14,577.62
DAILY BALANCE ...................... 6,674.45
[LOGO] Mellon Bank
UNITEL MOBILE VIDEO A DIV OF PAGE: 2
UNITEL VIDEO INC ACCOUNT NUMBER: 038-5545
STATEMENT TO: OCT 29, 1999
================================================================================
Daily Transactions
====================================================================================================
DATE TRANSACTION DESCRIPTION CHECKS/DEBITS DEPOSITS/CREDITS
- ----------------------------------------------------------------------------------------------------
10-12 WIRE TRANSFER CREDIT ............................................................ 55,941.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 12,761.30
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 49,842.15
10-13 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 7,998.27
DAILY BALANCE ...................... 41,843.88
10-14 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 16,077.72
DAILY BALANCE ...................... 25,766.16
10-15 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 7,767.44
DAILY BALANCE ...................... 17,998.72
10-18 WIRE TRANSFER CREDIT ............................................................ 98,000.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 17,189.59
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 98,797.13
10-19 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 6,207.95
DAILY BALANCE ...................... 92,589.18
10-20 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 10,192.55
DAILY BALANCE ...................... 82,396.63
10-21 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 7,942.56
DAILY BALANCE ...................... 74,454.07
10-22 WIRE TRANSFER CREDIT ............................................................ 57,550.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 19,746.19
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 112,245.88
10-25 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 9,246.26
DAILY BALANCE ...................... 102,999.62
10-26 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 27,610.30
DAILY BALANCE ...................... 75,389.32
10-27 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 4,859.30
DAILY BALANCE ...................... 70,530.02
10-28 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 17,566.53
DAILY BALANCE ...................... 52,963.49
10-29 WIRE TRANSFER CREDIT ............................................................ 68,711.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 20,206.39
SERVICE CHARGE 24.00
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 101,432.10
[LOGO] Mellon Bank
UNITEL MOBILE VIDEO A DIV OF PAGE: 3
UNITEL VIDEO INC ACCOUNT NUMBER: 038-5545
STATEMENT TO: OCT 29, 1999
================================================================================
Service Charge Detail
================================================================================
SERVICE DESCRIPTION CHARGE
- --------------------------------------------------------------------------------
CORE SERVICE CHARGES AND ADDITIONAL OPTIONS
CHOICE CHECKING II ...................................................... 24.00
TOTAL SERVICE CHARGES ................................................... 24.00
================================================================================
Check Detail
==============================================================================================
CHECK NO. AMOUNT DATE REFERENCE NO. CHECK NO. AMOUNT DATE REFERENCE NO.
- ----------------------------------------------------------------------------------------------
40987 797.50 10-25 100746289 41114 895.79 10-18 100402755
41025* 2,000.00 10-08 300502446 41115 350.00 10-18 600182244
41037* 5,100.00 10-08 300502447 41116 299.82 10-15 500534767
41049* 232.00 10-05 300196866 41117 10,000.00 10-12 300806886
41051* 4,919.04 10-04 700562495 41118 45.47 10-19 300703755
41057* 2,519.45 10-04 100640454 41119 124.00 10-14 200662703
41058 6,000.00 10-01 800867618 41120 1,695.75 10-15 700672368
41062* 1,500.00 10-05 400490480 41121 3,825.40 10-13 400688162
41063 5,000.00 10-04 100615273 41122 600.00 10-18 400359022
41069* 578.50 10-05 300202616 41123 1,600.00 10-22 500795274
41070 270.00 10-04 500181926 41124 3,790.48 10-19 100763756
41073* 222.94 10-08 300289458 41125 120.24 10-25 700075455
41074 500.92 10-05 300181424 41126 937.44 10-15 100057948
41075 649.49 10-08 200791332 41127 13,665.00 10-14 200841588
41076 4,419.50 10-01 100405245 41129* 637.00 10-19 100789177
41077 921.17 10-05 300217115 41130 479.74 10-15 100896599
41078 1,600.00 10-19 800355242 41131 57.37 10-22 500761044
41080* 26.85 10-05 800689256 41132 38.76 10-25 100747636
41081 180.00 10-04 300743507 41133 78.87 10-25 100754723
41082 90.00 10-04 100784363 41134 326.32 10-21 600705462
41083 1,650.00 10-04 100603685 41135 2,375.00 10-22 500756007
41085* 619.36 10-06 300654045 41137* 672.00 10-21 600737548
41086 193.20 10-01 600220598 41138 249.14 10-25 100768024
41088* 337.08 10-04 200060561 41139 8,860.00 10-18 700308138
41090* 3,640.70 10-05 300268750 41141* 272.00 10-22 500758402
41091 347.21 10-08 300502079 41142 580.85 10-28 200782828
41092 700.00 10-25 700073664 41143 595.00 10-25 700067241
41093 900.00 10-07 300022759 41144 110.50 10-22 400058853
41094 9,205.00 10-04 500492487 41145 14,000.00 10-22 500757160
41095 871.50 10-12 800666406 41146 171.58 10-25 700061131
41096 535.74 10-06 600007131 41148* 2,984.35 10-26 600416921
41097 581.00 10-12 800666405 41149 288.87 10-25 200061237
41098 1,500.00 10-21 200582637 41150 317.17 10-25 200061236
41099 4,257.98 10-08 400271517 41151 39.46 10-25 100745583
41100 2,000.00 10-08 500513998 41152 1,321.62 10-21 100419628
41101 27.75 10-20 700538570 41153 520.00 10-26 600588041
41102 9,606.41 10-07 300013941 41154 4,354.69 10-15 200033303
41103 76.00 10-20 700447586 41155 120.30 10-21 400819697
41104 270.00 10-13 400752302 41156 3.07 10-22 800696592
41105 1,200.00 10-12 500688832 41157 10,000.00 10-20 400643023
41106 108.80 10-12 300461190 41158 582.32 10-21 700724701
41107 68.40 10-26 500280445 41159 14.22 10-22 100531366
41108 3,063.63 10-13 800253432 41160 4,395.00 10-27 200651928
41109 5,489.15 10-18 300109415 41161 55.08 10-25 700075679
41110 494.24 10-13 800408483 41162 152.89 10-22 400038681
41111 345.00 10-13 300752098 41163 135.00 10-19 700355055
41112 2,288.72 10-14 200814426 41164 2,098.16 10-25 100748132
41113 994.65 10-18 800286680 41165 600.00 10-25 400185689
[LOGO] Mellon Bank
UNITEL MOBILE VIDEO A DIV OF PAGE: 4
UNITEL VIDEO INC ACCOUNT NUMBER: 038-5545
STATEMENT TO: OCT 29, 1999
================================================================================
Check Detail
==============================================================================================
CHECK NO. AMOUNT DATE REFERENCE NO. CHECK NO. AMOUNT DATE REFERENCE NO.
- ----------------------------------------------------------------------------------------------
41166 55.00 10-25 400328927
41168* 1,260.00 10-25 700075514
41169 88.80 10-20 200541050
41170 67.01 10-28 100825077
41171 116.45 10-28 200057088
41172 3,420.00 10-21 100417177
41173 350.00 10-26 600577955
41174 1,161.14 10-22 500875173
41175 80.25 10-25 800102363
41177* 3,304.29 10-26 100283013
41182* 434.87 10-28 100694849
41185* 111.00 10-29 200290181
41186 1,701.18 10-25 700234403
41187 59.81 10-26 100286219
41189* 119.89 10-29 700691527
41190 900.00 10-26 700308961
41193* 270.00 10-26 200518408
41194 233.99 10-28 100597907
41195 1,000.00 10-28 200855910
41198* 541.45 10-26 600581164
41199 1,680.00 10-26 400488382
41201* 1,132.00 10-26 300505990
41202 5,000.00 10-26 300458478
41203 4,492.08 10-28 200789827
41209* 1,076.28 10-28 300761096
41210 800.00 10-26 500280021
41211 402.30 10-27 300655792
41213* 1,897.35 10-29 700729077
41215* 47.50 10-29 200231589
41218* 639.30 10-29 200174201
41220* 8,046.27 10-29 400171875
41221 8,372.61 10-29 700691518
41222 10,000.00 10-26 600445687
41224* 62.00 10-27 200611741
41229* 484.47 10-29 400072158
41233* 9,565.00 10-28 100810552
41234 488.00 10-29 400072129
* INDICATES A BREAK IN THE LISTING OF CONSECUTIVE CHECK NUMBERS.
- --------------------------------------------------------------------------------
IMPORTANT INFORMATION: PLEASE EXAMINE AND RECONCILE YOUR STATEMENT PROMPTLY.
ERRORS AND IMPROPER TRANSFERS MUST BE REPORTED TO THE BANK WITHIN 14 DAYS. IF
YOU HAVE ANY QUESTIONS, PLEASE CALL YOUR LOCAL BRANCH OFFICE OR CALL THE
BUSINESS TELEPHONE BANKING CENTER AT 800-527-1800.
STATEMENT RECONCILEMENT FORMS ARE AVAILABLE THROUGH YOUR LOCAL BRANCH OFFICE.
Outstanding Checks:
CK# Amount
39264 $ 2,105.00
39329 $ 251.32
39654 $ 105.60
40597 $ 1,199.70
41136 $ 977.00
41140 $ 827.67
41147 $ 79.14
41128 $ 1,600.00
41167 $ 230.00
41178 $ 661.45
41179 $ 69.70
41181 $ 59.60
41188 $ 413.60
41191 $ 1,915.16
41192 $ 242.76
41196 $ 3,283.63
41206 $ 9.74
41207 $ 67.76
41208 $ 110.81
41212 $ 371.71
41214 $ 3.50
41216 $ 147.19
41217 $ 317.17
41223 $ 8.61
41197 $ 55.00
41204 $ 364.83
41205 $ 1,485.00
41225 $ 81.00
41226 $ 268.30
41227 $ 261.20
41228 $ 250.04
41230 $ 747.05
41231 $ 2,283.64
41232 $ 1,971.60
41241 $ 107.28
41242 $ 595.00
41243 $ 8,860.00
41244 $ 1,200.00
41245 $ 1,500.17
41246 $ 1,024.65
41247 $ 211.00
41248 $ 22.86
41249 $14,840.00
41250 $ 1,025.50
41251 $ 675.00
41252 $ 2,121.37
41253 $ 135.00
41254 $ 285.19
41255 $ 150.00
4256 $ 300.00
41257 $ 1,388.33
41258 $ 200.00
41259 $ 777.87
41260 $ 4,489.77
41261 $ 128.55
41262 $ 176.64
41263 $10,000.00
41264 $ 136.00
41265 $ 1,000.00
41235 $ 250.00
41236 $ 904.50
41237 $ 1,225.00
41238 $ 1,050.00
41239 $ 1,925.50
Total Amount Open $79,530.66
Balance per Books [Illegible]
Books plus Open [Illegible]
================================================================================
[LOGO] Fleet Bank
STATEMENT OF ACCOUNTS PAGE 1 OF 1
9417-549227
STATEMENT DATE
10/29/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC -----------------------
POST 38 DIVISION PETTY CASH CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
0 ENCLOSED ITEMS Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
===============================================================================================================
BEGINNING DEPOSITS, OTHER CHECKS, WITHDRAWALS, INTEREST ACCOUNT ACTIVITY ENDING
CHECKING BALANCE CREDITS OLDER DEBITS PAID & OTHER FEES BALANCE
- ---------------------------------------------------------------------------------------------------------------
9417-549227 1252.69 .00 1252.69 .00 .00 .00
- ---------------------------------------------------------------------------------------------------------------
ACCOUNT NO. 9417-549227 COMMERCIAL CHECKING PERIOD 10/01/99 THROUGH 10/29/99
BUSINESS BANKING CENTER ACCESS CODE 3149
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
10-13 1,252.69 TR TO 9415859803
- --------------------------------------------------------------------------------
- DAILY BALANCE SUMMARY -
- --------------------------------------------------------------------------------
DATE BALANCE DATE BALANCE DATE BALANCE
10-13 .00
- --------------------------------------------------------------------------------
[LOGO] Mellon Bank
Business Checking
MELLON BANK NA
WESTERN REGION
CRAFTON-INGRAM SHOPPING CTR
800-527-1800
UNITEL VIDEO INC 100
4100 STEUVENVILLE PIKE 95
PITTSBURGH PA 15205-9643
PAGE: 1
ACCOUNT NUMBER: 167-5894
STATEMENT FROM: SEP 30, 1999
TO: OCT 29, 199
0 BZ 3
================================================================================
Account Summary
================================================================================
ACTIVITY ITEMS DOLLAR SUBTOTALS DOLLAR TOTALS
- --------------------------------------------------------------------------------
OPENING BALANCE 749.82
DEPOSITS 0 .00
OTHER CREDITS 0 .00
TOTAL CREDITS 0 .00
CHECKS PAID 3 749.82
OTHER DEBITS 0 .00
TOTAL DEBITS 3 749.82
CLOSING BALANCE .00
================================================================================
Daily Transactions
====================================================================================================
DATE TRANSACTION DESCRIPTION CHECKS/DEBITS DEPOSITS/CREDITS
- ----------------------------------------------------------------------------------------------------
09-30 CLOSING BALANCE PREVIOUS STATEMENT ............................ 749.82
10-14 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 14.35
DAILY BALANCE........................ 735.47
10-18 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 204.10
DAILY BALANCE........................ 531.37
10-26 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 531.37
CLOSING BALANCE........................ .00
ACCOUNT CLOSED AS REQUESTED
================================================================================
Check Detail
==============================================================================================
CHECK NO. AMOUNT DATE REFERENCE NO. CHECK NO. AMOUNT DATE REFERENCE NO.
- ----------------------------------------------------------------------------------------------
10797 204.10 10-18 100616996
10844* 14.35 10-14 200661002
10871* 531.37 10-26 100283024
* INDICATES A BREAK IN THE LISTING OF CONSECUTIVE CHECK NUMBERS.
[LOGO] Mellon Bank
UNITEL MOBILE VIDEO INC PAGE: 2
ACCOUNT NUMBER: 167-5894
STATEMENT TO: OCT 29, 1999
- --------------------------------------------------------------------------------
IMPORTANT INFORMATION: PLEASE EXAMINE AND RECONCILE YOUR STATEMENT PROMPTLY.
ERRORS AND IMPROPER TRANSFERS MUST BE REPORTED TO THE BANK WITHIN 14 DAYS. IF
YOU HAVE ANY QUESTIONS, PLEASE CALL YOUR LOCAL BRANCH OFFICE OR CALL THE
BUSINESS TELEPHONE BANKING CENTER AT 800-527-1800.
STATEMENT RECONCILEMENT FORMS ARE AVAILABLE THROUGH YOUR LOCAL BRANCH OFFICE.
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
================================================================================
PETTY CASH RECONCILIATION - PITTSBURGH
================================================================================
Petty Cash Reimbursements as of 10/27/99
REIMBURSEMENT MK 3110.931 $ 2.00
Per Diem 3000.7240.0060 $(1,299.47)
Per Diem 3000.7240.0060 $(3,585.00)
Per Diem 3316069.7240.0060 $ 350.00
Per Diem 3316082.7240.0060 $ 580.00
Per Diem 3316039.7240.0060 $ 290.00
Per Diem 3316057.7240.0060 $ 520.00
Per Diem 3316070.7240.0060 $ 250.00
Per Diem 316100.7240.0060 $ 250.00
Per Diem 316023.7240.0060 $ 140.00
Per Diem 3316074.7240.0060 $ 710.00
Per Diem 3316076.7240.0060 $ 495.00
Accountable log
Y Canby 3000.1510.0030 $ (500.00)
Move Accountable 3000.1510.0030 $15,281.53
G Levine 3000.1510.0030 $ (300.00)
B Murrell 3000.1510.0030 $ (760.75)
B Morse 3000.1510.0030 $(1,007.90)
3000.1510.0030 $ --
3000.1510.0030 $ --
Levine $ 269.52
D Barry $ 200.43
B Murrell $ 150.75
B Morse $ 1,007.90
L Peggs $ 105.60
----------
TOTAL REIMBURSEMENT $13,149.61
CASH ON HAND
Cash $ 5,302.54
Checkbook closed $ 531.37
Due to PC $ (51.78)
Total $ 5,782.13
OUTSTANDING ACCOUNTABLE $ 6,068.26
Total to Balance $ 25,000.00
$ 25,000.00
================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
======================================================================================================
OLD OUTSTANDING ACCOUNTABLE AS OF 10-27-99
======================================================================================================
NAME JOB # ISSUED OUSTANDING Exp To PC To Emp/Acct New Oustanding
- ------------------------------------------------------------------------------------------------------
Barry 3316039 19-Oct $ 200.00 $ 200.43 $ 0.43 $ --
Barry Rolling 25-Oct $ 300.00 $ 300.00
Cunningham 33160082 20-Oct $1,000.00 $ 1,000.00
Cunningham 33160082 27-Oct $1,000.00 $ 1,000.00
Dahlstrom Rolling 2-Sep $ 500.00 $ 500.00
Heck 316004 24-Sep $ 168.26 $ 168.26
Heck 3160/0 21-Oct $ 50.00 $ 50.00
Heck 3316069 15-Oct $ 75.00 $ 75.00
Jones 316076 20-Oct $ 25.00 $ 25.00
Jones 316100 19-Oct $ 400.00 $ 400.00
McCourt 3316057 20-Oct $ 550.00 $ 550.00
Peggs 316022 8-Oct $ 200.00 $ 105.60 $ 94.40 $ --
Will, Jim 3316082 20-Oct $1,000.00 $ 1,000.00
Will, Jim 3316082 22-Oct $1,000.00 $ 1,000.00
- ------------------------------------------------------------------------------------------------------
TOTAL $6,468.26 $ 306.03 $ 94.40 $ 0.43 $ 6,068.26
======================================================================================================
UNITEL VIDEO, INC. OCTOBER '99 OPERATING REPORT PREPARED 12-13-99
================================================================================
PETTY CASH RECONCILIATION - BURBANK
================================================================================
(Reconciliation as of 10-25-99)
Reimbursement
Page 1 Checks $ 974.13
Page 2 Cash $ 330.62
Page 3 Per Diem $ 1,185.00
Adjustment 3300.9435 $ 1.55
Adjustment 3300.9435 $ 54.09
Total $ 2,545.39
Expense reports $ 4,082.27
Total Reimbursement $ 6,827.66
Cash on Hand
Cash $ 758.16
Checkbook $ 59.78
Due to PC $12,404.40
$13,222.34
Outstanding Accountable (see below) $ 5,160.00
Total to Balance $25,000.00
Account $25,000.00
Variance $ --
Outstanding Accountable:
Name JOB # Date Issued Amount
Finney Accountable 1-Sep $ 100.00
Geren Accountable 1-Sep $ 300.00
Accountable 22-Oct $ 100.00
Gray Accountable 1-Sep $ 200.00
Hayes Accountable 1-Sep $ 1,000.00
Kendall Accountable 22-Oct $ 1,500.00
Kubit Accountable 1-Sep $ 100.00
Acct 316072 11-Oct $ 500.00
Acct 316073 11-Oct $ 500.00
Kay Martz Accountable 1-Sep $ 50.00
Nicholson Accountable 1-Sep $ 200.00
Hugh Healy Acct 316102 22-Oct $ 350.00
Brian Crispin Accountable 1-Sep $ 250.00
Total $ 5,150.00
================================================================================
================================================================================
Checking 25 PNCBANK
PNC Bank
Primary account number: 10-0959-6087
For the period 10/26/1999 to 11/18/1999 Page 1 of 2
Number of enclosures: 0
UNITEL MOBILE VIDEO [GRAPHIC] For 24-hour customer service or
ATTN GLEN M LEVINE current rates: Call 1-877-BUS-BNKG
4100 STEUBENVILLE PIKE
PITTSBURGH PA 15205-9643 [GRAPHIC] Write to: Customer Service
PO Box 609
Pittsburgh, PA 15230-9738
[GRAPHIC] Watch for our new E-mail address
visit us at www.pncbank.com
[GRAPHIC] TDD terminal: 1-800-531-1648
For hearing impaired clients only
================================================================================
! TO CELEBRATE THE NEW YEAR, EACH PNC BANK NORMALLY OPEN ON SATURDAYS WILL
BE OPEN ON STAURDAY, JANUARY 1, 2000. OUR SUPERMARKET BRANCHES WILL BE
OPEN DURING THE NEW YEAR'S WEEKEND. OTHER BUSINESS BANKING OPTIONS INCLUDE
WWW.PNCBANK.COM, 1-888-PNC-BANK, AND 2,800 CONVENIENTLY LOCATED ATMS.
================================================================================
Checking 25 Summary Unitel Mobile Video
Account number: 10-0959-6087 Tax ID number: 23-1713238
Account Link (R) number: 0231713238
- --------------------------------------------------------------------------------
Balance Summary
Beginning Deposits and Checks and other Ending
balance other additions deductions balance
0.00 35,915.00 10,905.68 25,009.32
Average ledger Average collected
balance balance
17,338.79 15,291.33
- --------------------------------------------------------------------------------
Deposits and Other Additions Checks and Other Deductions
Description Items Amount Description Items Amount
Deposits 5 35,915.00 ATM Withdrawals and Deductions 27 10,905.68
Total 5 35,915.00 Total 27 10,905.68
- --------------------------------------------------------------------------------
Daily Balance
Date Ledger balance Date Ledger balance Date Ledger balance
10/26 5,000.00 11/10 26,206.21 11/17 27,151.60
10/28 9,220.00 11/12 25,959.81 11/18 25,009.32
11/04 19,831.61 11/15 21,581.61
11/08 18,547.71 11/16 21,134.83
- --------------------------------------------------------------------------------
Activity Detail
- --------------------------------------------------------------------------------
Deposits and Other Additions
- --------------------------------------------------------------------------------
Deposits
Date Transaction Reference
posted Amount description number
10/[ILLEGIBLE] Book Bal 5,000.00 Deposit 003398433
======== =========
10/28 Recorded 11/99 4,220.00 Deposit 003113074
11/04 11,756.00 Deposit 003733620
11/10 7,989.00 Deposit 003000319
11/17 6,950.00 Deposit 003441846
================================================================================
Checking 25 PNCBANK
[GRAPHIC] For 24-hour customer service or For the period 10/26/1999 to 11/18/1999
current rates: Call 1-877-BUS-BNKG UNITEL MOBILE VIDEO
Primary account number: 10-0959-6087
Checking 25 Account number: 10-0959-6087 - continued Page 2 of 2
- --------------------------------------------------------------------------------
Checks and Other Deductions
- --------------------------------------------------------------------------------
ATM Withdrawals and Deductions
Date Transaction Reference
posted Amount description number
11/04 808.75 Check Card Purchase Fujinon Inc. Wayne NJ 860088188817
11/04 303.08 Check Card Purchase Black Goose Grill Darien Ct 860088188817
11/04 32.56 Check Card Purchase Black Goose Grill Darien Ct 860088188817
11/08 748.67 Check Card Purchase Days Inns New York NY 860083212497
11/08 246.56 Check Card Purchase Sony Bus & Prof Group 408-9554961 Ca 860088188817
11/08 121.50 Check Card Purchase Marriott Hotels Stamfo Stamford Ct 860088188817
11/08 114.74 Check Card Purchase Hertz Rent-A-Car Flushing NY 860088188817
11/08 52.43 Check Card Purchase Sisters Floral Desi 412-928-98 PA 860088188817
11/10 330.50 Check Card Purchase USAir Pittsburgh 860088188817
11/12 118.00 Check Card Purchase Tri State Video 724-8981630 PA 860088188817
11/12 79.80 Check Card Purchasr Esp Catalog 914-3713400 NY 860088188817
11/12 18.00 Check Card Purchase Omni Inner Harbor Baltimore MD 860014698418
11/12 16.35 Check Card Purchase Charlie Brown's Parkin Coraopolis PA 860014698418
11/12 14.25 Check Card Purchase Mobil Baltimor MD 860014698418
11/15 2,420.00 Check Card Purchase Accom 650-3283818 Ca 860088188817
11/15 881.90 Check Card Purchase Hilton Hotels Uinversl Ci Ca 860001138105
11/15 820.80 Check Card Purchase Hilton Hotels Uinversl Ci Ca 860014849599
11/15 174.50 Check Card Purchase SOUTHWESTAIR5262799443 Tkt-By-Mail Tx 860088188817
11/15 68.00 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860055457773
11/15 13.00 Check Card Purchase Unocal 76 La Canada Ca 860088188817
11/16 231.53 Check Card Purchase Hilton Hotels Burbank Burbank Ca 860088188817
11/16 177.86 Check Card Purchase Marriott Hotels Marina Marina Del Ca 860088188817
11/16 37.39 Check Card Purchase Harbor House - Mdr Marina Del Ca 860088188817
11/17 570.98 Check Card Purchase Park Central Hotel New York NY 860083212497
11/17 362.25 Check Card Purchase Ramtronix Inc Deer Park NY 860088188817
11/18 1,598.88 Check Card Purchase Photo Accessory Hauppauge NY 860088188817
11/18 548.40 Check Card Purchase Sunset Stn Hotel Fd Henderson Nv 860001138105
- --------------------------------------------------------------------------------
THE HOLIDAYS ARE HERE... AND THAT MEANS SHOPPING FOR GIFTS FOR THE SPECIAL
PEOPLE WHO HELP YOUR BUSINESS GROW AND PROSPER. USE YOUR PNC BANK BUSINESS CHECK
CARD TO PLACE BOTH TELEPHONE AND INTERNET SHOPPING ORDERS FROM YOUR FAVORITE
CATALOGS FOR YOUR FAVORITE PEOPLE. IT'S EASY, CONVENIENT, AND THERE ARE NO FEES
FOR PURCHASES YOU MAKE WITH YOUR PNC BANK BUSINESS CHECK CARD.
Unitel Video, Inc. Page - 1
Month To Date Date - 12/13/99
Consolidating Income Statement
By Company
1 Months Ending 10/31/99
Consolidated Corporate Unitel Unitel Mobile Los Angeles
Studios Post
------------ --------- --------- ------ --------- -----------
Sales
- ----------------------------
------------ --------- --------- ------ --------- -----------
Studio Production 919,221 919,221
Sales Mobile Production
Purple Odyssey
Green/Startruck
Blue 14,761 14,761
Orange/Performer 9,119- 9,119-
Tan/Corona 180- 180-
Red 254,359 254,359
Gold 310,741 310,741
Black 126,140 126,140
BT 1 131,643 131,643
BT 2 91,793 91,793
LT 2 32,728 32,728
Silver 242,922 242,922
------------ --------- --------- ------ --------- -----------
Sales Mobile Productio 1,195,787 1,195,787
Sales Other
Rental Facility Package
Rental Facility Sub Cont
Airpack
Mobile Other 9,428 9,428
------------ --------- --------- ------ --------- -----------
Sales Other 9,428 9,428
P/P Special Effects
Sales P/P Other
------------ --------- --------- ------ --------- -----------
Post Prodcution 3,992- 3,992-
------------ --------- --------- ------ --------- -----------
Duplication
------------ --------- --------- ------ --------- -----------
Sales Telecine
------------ --------- --------- ------ --------- -----------
Sales Comp Graphics
Sales Interactive
Sales Interactive
------------ --------- --------- ------ --------- -----------
Sales Interactive
------------ --------- --------- ------ --------- -----------
Sale Sound
------------ --------- --------- ------ --------- -----------
Service Bureau Sales
------------ --------- --------- ------ --------- -----------
Unitel Video, Inc. Page - 2
Month To Date Date - 12/13/99
Consolidating Income Statement
By Company
1 Months Ending 10/31/99
Consolidated Corporate Unitel Unitel Mobile Los Angeles
Studios Post
------------ --------- ------- ------ --------- -----------
Flame Sales
Misc Income
------------ --------- ------- ------ --------- -----------
Outside Services
------------ --------- ------- ------ --------- -----------
Outside Services
Miscellaneous Income
Miscellaneous Income
------------ --------- ------- ------ --------- -----------
Outside Services 13,857 13,857
------------ --------- ------- ------ --------- -----------
Sales 2,134,301 933,079 3,992- 1,205,215
Cost of Sales
- --------------------------
Studio Production Exp
- --------------------------
Travel & Entertainment
Travel & Entertainment 2,644 2,644
Equipment Expenses
Equipment Expenses 34,721 34,721
Operating Expenses
Operating Expenses 20,964 20,964
Payroll & Related Expens
Payroll & Related Expens 171,973 171,973
------------ --------- ------- ------ --------- -----------
Studio Production Exp 230,302 230,302
Mobile Production Exp
- --------------------------
Mobile Rental Expenses 18,146 18,146
Rent Facility Pkg
Rent Facility Subcon
Mobile Repair Expenses 1,161 1,161
Mobile Travel Expenses 63,660 63,660
Mobile Unit Expenses 43,565 43,565
Mobile Payroll Expenses 183,331 183,331
Mobile Elec Parts 95,630 95,630
------------ --------- ------- ------ --------- -----------
Mobile Production Exp 405,495 405,495
Post Production Exp 2,034 2,034
- --------------------------
Operating Expenses 23,144 23,144
Payroll & Related Expens
T & E Exp
------------ --------- ------- ------ --------- -----------
Post Production Exp 25,178 23,144 2,034
Duplication Expenses
- --------------------------
Unitel Video, Inc. Page - 3
Month To Date Date - 12/13/99
Consolidating Income Statement
By Company
1 Months Ending 10/31/99
Consolidated Corporate Unitel Unitel Mobile Los Angeles
Studios Post
------------ --------- ------- ------ --------- -----------
Videotape Expense 1,453 1,453
Payroll & Related Expens
Operating Expenses
T & E Expenses
------------ --------- ------- ------ --------- -----------
Duplication Expenses 1,453 1,453
------------ --------- ------- ------ --------- -----------
Telecine Expenses
Comp Graphics Exp
- --------------------------
Operations Expenses
Payroll & Related Expens
------------ --------- ------- ------ --------- -----------
Comp Graphics Exp
Interactive Expenses
- --------------------------
Operations Expenses
Payroll & Related Expens
------------ --------- ------- ------ --------- -----------
Interactive Expenses
Sound Expense
- --------------------------
Operations Expense
Payroll & Related Expens
------------ --------- ------- ------ --------- -----------
Sound Expense
Service Bureau Expense
- --------------------------
Operating Expenses
Payroll & Related Expens
------------ --------- ------- ------ --------- -----------
Service Bureau Expense
------------ --------- ------- ------ --------- -----------
Operations & Admin Exp 44,912 375 44,538
------------ --------- ------- ------ --------- -----------
Flame Expense
Library Expenses
- --------------------------
Operation Expenses
Payroll & Related Expens 640 640
Alloc. Library Expense
------------ --------- ------- ------ --------- -----------
Library Expenses 640 640
Tech Maintenance Exp
- --------------------------
Operating Expenses 27 27
Unitel Video, Inc. Page - 4
Month To Date Date - 12/13/99
Consolidating Income Statement
By Company
1 Months Ending 10/31/99
Consolidated Corporate Unitel Unitel Mobile Los Angeles
Studios Post
------------ --------- ------- ------ --------- -----------
Payroll & Related Expens 58,446 29,549 8,731 20,167
Alloc. Tech Maint Exp
------------ --------- ------- ------ --------- -----------
Tech Maintenance Exp 58,473 29,549 8,731 20,193
Occupancy Expenses 129,874 129,874
- --------------------------
Maintenance Exp 74,892 71,748 1,310 1,835
Property Expense 172,812 106,673 42,440 23,700
Utilities & Equip Exp 86,080 68,758 13,726 3,596
Payroll & Related Expens 9,208 7,821 1,387
Alloc Occupancy Expense
------------ --------- ------- ------ --------- -----------
Occupancy Expenses 472,867 254,999 57,475 30,518 129,874
------------ --------- ------- ------ --------- -----------
Cost of Sales 1,239,319 514,850 90,364 502,196 131,909
Gross Profit 894,983 418,229 94,356- 703,019 131,909-
Operating Expenses
- --------------------------
------------ --------- ------- ------ --------- -----------
Selling Expenses 7,681 5,969 988 724
G & A Expenses 1,262 1,262
- --------------------------
Insurance Expenses 10,216 10,216
G&A Office Expenses 4,300 447 3,853
Payroll & Related Exp 124,647 87,604 11,055 5,475 20,514
Corporate Expenses 341,503 334,142 1,091 361 5,909
G&A Other Expenses 49,138 21,502 3,010 3,014 21,613
Allocated GSA
------------ --------- ------- ------ --------- -----------
G & A Expenses 531,066 453,463 15,602 8,850 51,889 1,262
Gain on Sale Equipment
- --------------------------
Building
Equipment
------------ --------- ------- ------ --------- -----------
Gain on Sale Equipment
------------ --------- ------- ------ --------- -----------
Operating Expenses 538,747 453,463 21,572 9,838 52,613 1,262
EBITD 356,236 453,463- 396,657 104,194- 650,406 133,170-
Depr., Int. & Affiliate
- --------------------------
------------ --------- ------- ------ --------- -----------
Depreciation Expenses 416,852 3,721 121,798 291,332
------------ --------- ------- ------ --------- -----------
Amort. of Goodwill 11,500 11,500
Unitel Video, Inc. Page - 5
Month To Date Date - 12/13/99
Consolidating Income Statement
By Company
1 Months Ending 10/31/99
Consolidated Corporate Unitel Unitel Mobile Los Angeles
Studios Post
------------ --------- ------- ------- --------- -----------
Merger Agmt. Costs
- ---------------------
Other Income
------------ --------- ------- ------- --------- -----------
Interest Expenses 283,060 283,060
Other Income
- ---------------------
Other Income
Equity in R2
Profit From 601 Design
------------ --------- ------- ------- --------- -----------
Other Income
------------ --------- ------- ------- --------- -----------
Depr., Int. & Affiliate 711,412 286,781 121,798 302,832
Pre Tax Income 355,176- 740,244- 274,859 104,194- 347,574 133,170-
------------ --------- ------- ------- --------- -----------
Income Taxes
------------ --------- ------- ------- --------- -----------
Net Income 355,176- 740,244- 274,859 104,194- 347,574 133,170-
Unitel Video, Inc. Page - 1
Consolidating Balance Statement Date - 12/13/99
All Co.s
As of - 10/31/99
Consolidated Corporate Unitel Unitel Mobile Los Angeles
Studios Post
------------ ---------- ---------- ---------- ---------- -----------
Assets
- ------------------------------
Current Assets
Cash 138,050 61,148 76,901
Accounts Receivable Trad 983,121 896 121,924 237,950 609,362 12,989
Accounts Receivable Trad 2,641,556 910,987 1,730,569
Reserve For Bad Debts 210,123- 24,716- 66,399- 109,008- 10,000-
Miscellaneous Receivable 112,189 92,369 19,821
Intercompany Receivables 45,528,637 12,111,035- 4,374,743- 15,678,458- 13,364,400-
Prepaid Corporate Tax 171,523 171,523
Prepaid Expenses 37,604 37,604
Deferred Tax Asset 312,000 312,000
------------ ---------- ---------- ---------- ---------- -----------
Current Assets 4,185,920 46,074,204 10,972,867- 4,203,193- 13,350,813- 13,361,411-
Net Property & Equipment
Property & Equipment
Lard, Bldgs & Improvemen 24,092,394 70,423 16,566,275 800,736 406,671 6,248,291
Video Equipment 67,312,252 8,170,043 10,636,580 42,417,159 6,088,470
Transportation Equipment 5,882 5,882
Furniture & Office Equip 1,283,195 176,974 139,606 365,264 461,517 139,835
------------ ---------- ---------- ---------- ---------- -----------
Property & Equipment 92,693,723 247,397 24,881,805 11,802,579 43,285,347 12,476,596
Accumulated Depreciation
Acc Dep Bldgs & Improv 5,600,038- 54,632- 4,240,328- 433,785- 381,567- 489,726-
Acc Dep Video Equipment 45,517,845- 6,480,195- 7,216,438- 29,126,368- 2,694,844-
Acc Dep Transportation E 5,229- 5,229-
Acc Dep Furniture & Off 934,439- 115,060- 134,666- 276,730- 303,106- 104,877-
------------ ---------- ---------- ---------- ---------- -----------
Accumulated Depreciati 52,057,551- 169,691- 10,860,418- 7,926,953- 29,811,041- 3,289,447-
------------ ---------- ---------- ---------- ---------- -----------
Net Property & Equipmen 40,636,172 77,706 14,021,387 3,875,626 13,474,306 9,187,148
------------ ---------- ---------- ---------- ---------- -----------
Deferred Tax Asset 2,157,058 2,157,058
Invest/Advance To Affil
------------ ---------- ---------- ---------- ---------- -----------
Other Assets 1,955,546 1,062,840 882,396 10,310
------------ ---------- ---------- ---------- ---------- -----------
Goodwill 1,421,743 1,421,743
------------ ---------- ---------- ---------- ---------- -----------
Assets 50,356,439 49,371,807 3,930,916 327,567- 1,555,545 4,174,263
Unitel Video, Inc. Page - 2
Consolidating Balance Statement Date - 12/13/99
All Co.s
As of - 10/31/99
Consolidated Corporate Unitel Unitel Mobile Los Angeles
Studios Post
------------ ---------- ---------- --------- ---------- -----------
Liabilities, Stockholders E
- ---------------------------
Current Liabilities
Accounts Payable 8,132,018 2,262,112 2,424,254 970,009 1,857,130 618,513
Accrued Expenses 3,324,322 1,913,145 1,205,290 27,445 2,096 176,345
Payroll & Related Expens 739,386 161,398 74,791 167,430 178,537 157,229
Curr Maturs of LT Debt 17,734,404 17,734,404
------------ ---------- ---------- --------- ---------- -----------
Current Liabilities 29,930,129 22,071,060 3,704,335 1,164,884 2,037,763 952,087
Long Tern Liabilities
Long Term Debt 20,917,457 20,917,457
Deferred Gain on Sale-Bl
Deferred Acquisition Cost
Accrued Rent
Acr Retirement Expense 917,276 917,276
Interco Asset Offset
Deferred Income Tax
------------ ---------- ---------- --------- ---------- -----------
Long Term Liabilities 21,834,734 21,834,734
Stockholders' Equity
Earned Employee Benefit
Common Stock 26,755 26,755
Additional Paid in Capit 27,286,352 27,286,352
Treasury Stock 7,645,089- 7,645,089-
Retained Earnings 20,851,417- 12,783,536- 486,953- 1,221,133- 1,348,289- 5,011,506-
YTD Income or Loss 225,025- 1,418,468- 713,535 271,319- 866,071 114,845-
------------ ---------- ---------- --------- ---------- -----------
Stockholders' Equity 1,408,424- 5,466,014 226,581 1,492,451- 482,218- 5,126,350-
------------ ---------- ---------- --------- ---------- -----------
Liabilities, Stockholder 50,356,439 49,371,807 3,930,916 327,567- 1,555,545 4,174,263-