EXHIBIT 99.3
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UPDATED SELECTED CONSOLIDATED FINANCIAL DATA
The following selected financial data as of and for the years ended November
30, 1996, 1995, 1994, 1993 and 1992 has been derived from, and is qualified
by reference to, the audited financial statements of the Company. The
selected financial data as of and for the nine months ended August 31, 1997
has been prepared on a basis consistent with the audited financial statements
and derived from unaudited financial statements which, in the opinion of
management, include all adjustments (consisting only of normal recurring
adjustments) necessary for a fair presentation of the financial position and
results of operations of the company for the unaudited interim periods.
On November 10, 1997, the shareholders of the Company approved a 1 for 30
reverse stock split (the "Reverse Split"). All share and per share data in
the schedule below has been retroactively restated to effect to the Reverse
Split.
Nine Months Ended Years Ended November 30
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August 31, 1997 1996 1995 1994 1993 1992
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(unaudited)
Results of Operations:
Revenues $52,228 $7,526 $7,926 $9,297 $7,142 $7,297
Net Income (Loss) 3,367 35 52 (1,943) (1,065) (824)
Net Income (Loss) per Share 67.34 0.71 1.13 (39.65) (21.73) (16.82)
Financial Condition:
Total Assets $5,989 $46,324 $47,570 $50,963 $56,236 $59,731
Notes Payable -- 30,753 31,967 34,382 35,938 38,229
Shareholders' Equity per Share (11.39) 310.30 309.86 300.67 338.01 361.25
Cash Dividends Declared per Share 9.00 0.00 0.00 0.00 1.49 10.52
Average Shares Outstanding 50 49 46 49 49 49
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