MONTHLY FINANCIAL REPORT FOR BUSINESS
FOR THE PERIOD BEGINNING JUNE 14, 2001 AND ENDING JUNE 30, 2001
Name of Debtor: Florafax Financial Services, Corp. et al.
Case Number: 01-16333-BKC-RAM to 01-16337-BKC-RAM
Date of Petition: June 13, 2001
<table>
<caption>
<s> <c>
1 Cash at beginning of period $ (59,620.38)
2 RECEIPTS:
A. Cash sales
Less: cash refunds
Net cash sales
B Collection on postpetition AR
C Collection on prepetition AR 2,356,165.28
D Other receipts 1,646.25
--------------------
3 TOTAL RECEIPTS 2,357,811.53
4 TOTAL CASH AVAILABLE FOR OPERATIONS 2,298,191.15
5 A. US Trustee Quarterly Fee
B Net payroll 138,425.33
C Net payroll taxes paid 48,695.99
D Sales and use taxes 33,551.89
E Other taxes 102.53
F Rent 10.00
G Other leases 1,335.25
H Telephone
I Utilities 883.35
J Travel and entertainment 10,955.90
K Vehicle expenses
L Office supplies 5,724.66
M Advertising 12,801.41
N Insurance
O Purchases of fixed assets
P Purchases of inventory 84,008.54
Q Manufacturing supplies
R Repairs and maintenance 300.00
S Other operating expenses 28,890.04
--------------------
6 TOTAL DISBURSEMENTS 365,684.89
--------------------
7 TOTAL CASH DISBURSEMENTS $ 1,932,506.26
====================
</table>
<page>
MONTHLY FINANCIAL REPORT FOR BUSINESS
FOR THE PERIOD BEGINNING JULY 1, 2001 AND ENDING JULY 31, 2001
Name of Debtor: Florafax Financial Services, Corp. et al.
Case Number: 01-16333-BKC-RAM to 01-16337-BKC-RAM
Date of Petition: June 13, 2001
<table>
<caption>
<s> <c>
1 Cash at beginning of period $ 1,932,506.26
2 RECEIPTS:
A. Cash sales
Less: cash refunds
Net cash sales
B Collection on postpetition AR
C Collection on prepetition AR 1,019,843.02
D Other receipts 11,265,295.95 *
--------------------
3 TOTAL RECEIPTS 12,285,138.97
4 TOTAL CASH AVAILABLE FOR OPERATIONS 14,217,645.23
5 A. US Trustee Quarterly Fee
B Net payroll 148,807.09
C Net payroll taxes paid 53,075.65
D Sales and use taxes 696.64
E Other taxes
F Rent 25,427.18
G Other leases 2,005.00
H Telephone 55,748.70
I Utilities 5,219.55
J Travel and entertainment 12,545.82
K Vehicle expenses
L Office supplies 26,144.55
M Advertising 64,424.19
N Insurance
O Purchases of fixed assets
P Purchases of inventory 47,076.14
Q Manufacturing supplies
R Repairs and maintenance 6,835.61
S Other operating expenses 13,769,639.11 **
--------------------
6 TOTAL DISBURSEMENTS 14,217,645.23
--------------------
7 TOTAL CASH DISBURSEMENTS $ -
====================
</table>
* Includes $10,710,000 received upon the sale of the assets and operations of
the Debtor to Teleflora LLC on July 10, 2001. See Attachment 8 - Significant
Developments.
** Includes $10,710,000 received from the sale of the Debtor to Teleflora LLC
on July 10, 2001 that was paid to Bank of America pursuant to the terms of
a credit agreement with the Debtor's parent, Gerald Stevens, Inc. See
Attachment 8 - Significant Developments.