EXHIBIT 99.1
GOLDEN SOIL, INC AND SUBSIDIARY
CONSOLIDATED PROFORMA BALANCE SHEETS
SEPTEMBER 30, 2000
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GOLDEN SOIL, INC. AND SUBSIDIARY
PROFORMA COMBINED BALANCE SHEETS
September 30, 2000
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Golden Soil Merilus Elimination Total
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ASSETS
CURRENT ASSETS
Cash $ - $ 4,522 $ $ 4,522
Accounts receivable - related parties - 15,257 15,257
Accounts receivable - trade - 119,864 119,864
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Total Current Assets - 139,643 139,643
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EQUIPMENT - net of accumulated depreciation - 44,770 44,770
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OTHER ASSETS
Note receivable - related party 151,085 - (151,085) -
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$ 151,085 $ 184,413 $ 184,413
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LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable $ - $ 764,776 $(151,085) $ 613,691
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Total Current Liabilities - 764,776 613,691
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STOCKHOLDERS' EQUITY (DEFICIENCY) 151,085 (580,363) (429,278)
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$ 151,085 $ 184,413 $ 184,413
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GOLDEN SOIL, INC. AND SUBSIDIARY
PROFORMA COMBINED STATEMENTS OF OPERATIONS
For the Year Ended September 30, 2000
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Golden Soil Merilus Elimination Total
REVENUES $ 1,085 $ 276,906 - $ 277,991
COST OF SALES - 68,464 - 68,464
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GROSS PROFIT 1,085 208,442 - 209,527
EXPENSES 10,860 723,365 - 734,225
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NET PROFIT (LOSS) $ (9,775) $(514,923) - $(524,698)
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