|
|
|
|
|
|
|
|
|
|
|
|
|
|
Previous: RAGEN MACKENZIE GROUP INC, S-1, 1998-04-22 |
Next: APPLE RESIDENTIAL INCOME TRUST INC, 8-K/A, 1998-04-22 |
<PAGE> 1
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934.
Date of Report (Date of earliest event reported) April 14, 1998
2CONNECT EXPRESS, INC.
--------------------------------------
(Exact name of registrant as specified in its charter)
FLORIDA
-------------------------------------
(State or other jurisdiction of
incorporation or organization)
000-22251 65-0674664
--------- -----------
(Commission (I.R.S. Employer
file number) Identification No.)
1700 NW 65th Ave., Suite 4, Plantation, Fl 33313
- ------------------------------------------ ------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (954) 797-7960
- --------------------------------------------------------------------------------
NOT APPLICABLE
-------------------------
(Former name, former address and former fiscal year,
if changed since last report)
<PAGE> 2
Item 5. OTHER EVENTS
On April 14, 1998, 2Connect Express, Inc. announced that it has filed a Plan of
Reorganization and Disclosure Statement as the initial step in its preparation
to emerge from its Chapter 11 proceeding. The Company also announced that it has
filed motions in the bankruptcy court to permit the sale of remaining excess
inventory by public auction and the bulk sale of excess corporate office
furniture and fixtures. A copy of this report is filed as Exhibit A hereto.
On April 20, 1998, 2Connect Express, Inc. filed with the United States
Bankruptcy Court the Debtor's Monthly Financial Report (Business) for the period
from March 1, 1998 to April 4, 1998. A copy of this report is filed as Exhibit B
hereto.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
Exhibit 99.1. Text of Press Release dated April 14, 1998.
Exhibit 99.2 Debtor's Monthly Financial Report (Business)
For The Period From March 1, 1998 to April 4, 1998,
filed with the United States Bankruptcy Court.
<PAGE> 3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
2CONNECT EXPRESS, INC.
--------------------------------
(Registrant)
Date: April 21, 1998 /s/ THOMAS H. HICKS
--------------------------------
Thomas H. Hicks, President and
Chief Executive Officer
<PAGE> 4
EXHIBIT INDEX
Exhibit Number Description Sequentially Numbered Page
- -------------- ----------- --------------------------
99.1 Press Release dated April 14, 1998 5
Re: 2Connect Express, Inc. Plan of
Reorganization
99.2 Debtor's Monthly Financial Report 6
for the period from March 1, 1998
to April 4, 1998
<PAGE> 1
Exhibit 99.1
FOR IMMEDIATE RELEASE
For Further Information Contact:
Mr. Thomas H. Hicks
President & Chief Executive Officer
Phone (954) 797-7960
Fax (954) 797-8636
2Connect Files Plan of Reorganization
PLANTATION, FL (April 14, 1998) -- 2Connect Express, Inc. (OTC Bulletin Board:
CNTCU) today announced that it has filed a Plan of Reorganization and Disclosure
Statement as the initial step in its preparation to emerge from its Chapter 11
proceeding. The Company filed a voluntary petition for protection under Chapter
11 of the United States Bankruptcy Code on January 12, 1998 in order to protect
the interests of its creditors and shareholders. Subsequent to the filing the
Company has closed seven (7) stores, liquidated excess inventory and reduced
overhead. The Company has filed motions in the bankruptcy court to permit sale
of remaining excess inventory by public auction and the bulk sale of excess
corporate office furniture and fixtures. The Company's Plan of Reorganization
anticipates the sale of all excess assets by approximately May 1, 1998.
Remaining operating assets, contracts, leases, trademarks and the like are
anticipated to be sold to Bobby Allison Cellular Systems of Florida, Inc. on or
before the date of confirmation of the Plan by the court.
2Connect also announced that it did not seek an extension of its
debtor-in-possession credit facility. The facility terminated on March 28, 1998
and the amount borrowed was paid in full including accrued interest.
Separately, the Company announced that its proposed merger with Bobby Allison
Cellular Systems of Florida, Inc. ("Bobby Allison") whereby Bobby Allison would
merge with and into the Company, continues in negotiation concerning the Merger
Agreement and matters related thereto. The Company anticipates that these
matters will be resolved by approximately May 1, 1998. The merger and related
financing thereof would take place following 2Connect's emergence from the
bankruptcy proceeding.
2Connect's Chief Executive Officer, Thomas H. Hicks, commented, "the Company is
proceeding as planned with the liquidation of excess assets and company
positioning preparatory for the anticipated merger. Although the Merger
Agreement has taken longer to complete that earlier planned, we are confident
that it will be consummated in the near term."
2Connect Express, Inc. is a specialty retailer and business to business marketer
of communications related products and services under the name "2Connect,
America's Total Communications Store." 2Connect is the first independent
retailer and direct sales provider offering one stop shopping for communications
related products and services to the individual and business community. 2Connect
currently operates three stores in South Florida.
<PAGE> 1
EXHIBIT 99.2
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF FLORIDA
FT LAUDERDALE DIVISION
IN RE: | CASE NUMBER: 98-20169-BKC-RBR
|
| JUDGE: Raymond B. Ray
DEBTOR. | CHAPTER 11
DEBTOR'S MONTHLY FINANCIAL REPORT (BUSINESS)
FOR THE PERIOD
FROM March 1, 1998 TO April 4, 1998 (4-4-98 is fiscal month end per Books)
Comes now the above-named debtor and files its Periodic Financial reports in
accordance with the Guidelines established by the United States Trustee and FRBP
2015.
Paul J. Battista, Esq.
Attorney for Debtor
Debtor's Address and Phone Number: Attorney's Address and Phone Number:
2CONNECT EXPRESS, INC Kelley, Drye & Warren, LLP
1700 NW 65th Avenue 201 S. Biscayne Blvd.
Suite 4 2400 Miami Center
Plantation, FL 33313 Miami, FL 33131
(954) 797-7960 (305) 372-2400
1 of 26
<PAGE> 2
MONTHLY FINANCIAL REPORT FOR BUSINESS
For the Period Beginning March 1, 1998 and Ending April 4, 1998
(4-4-98 fiscal month end per books)
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
Date of Petition: January 12, 1998
<TABLE>
<CAPTION>
------------- ----------------
CUMULATIVE
CURRENT MONTH PETITION TO DATE
------------- ----------------
<S> <C> <C>
1. Cash at Beginning of Period 377,850.82 106,714.48
----------- -------------
2. Receipts:
A. Cash and Credit Card Sales 453,775.13 818,925.16
Less: Cash and Credit Card Refunds (1,333.83)
----------- -------------
Net Cash and Credit Card Sales 453,775.13 817,591.33
----------- -------------
B. Collection in Post-petition A/R 63,053.57 131,781.15
C. Collection on Pre-petition A/R 18,505.45 259,770.27
D. Other Receipts (Schedule 2A) 8,291.54 33,764.37
E. Deposits From Account Sweeps 499,805.14 1,495,598.22
F. Less Disbursement Sweeps (499,805.14) (1,494,755.63)
----------- -------------
3. Total Receipts 543,625.69 1,243,749.71
----------- -------------
4. Total Cash Available for Operations(1+3) 921,476.51 1,350,464.19
----------- -------------
5. Disbursements:
A. U.S. Trustee Quarterly Fees --
B. Net Payroll (SEE NOTE BELOW) 126,912.13 259,352.80
C. Payroll Taxes Paid 47,634.27 98,147.59
D. Sales and Use Taxes 12,879.88 23,854.31
E. Other Taxes -- --
F. Rent (SEE NOTE BELOW) 56,861.68 116,374.76
G. Other Leases (attachment 3) 19,735.79 33,046.78
H. Telephone 15,302.31 23,760.09
I. Utilities 5,607.58 13,240.99
J. Travel and Entertainment 6,385.85 19,178.59
K. Vehicle Expenses -- --
L. Office Supplies 2,400.72 4,594.44
M. Advertising 12,614.55 20,165.55
N. Insurance (attachment 7) 20,137.32 30,059.29
O. Purchases of Fixed Assets -- --
P. Purchases of Inventory 13,262.47 85,237.74
Q. Manufacturing Supplies -- --
R. Repairs and Maintenance 575.78 1,604.19
S. Payments to Secured Creditors 281,499.96 281,499.96
T. Other Operating Expenses(Schedule 2B) 24,199.37 64,880.26
----------- -------------
6. Total Cash Disbursements 646,009.66 1,074,997.34
----------- -------------
7. Ending Cash Balance (4-6) 275,466.85 275,466.85
=========== =============
</TABLE>
NOTE: DUE TO THE FISCAL MONTH ENDING ON APRIL 4, 1998, THREE PAYROLLS
(INSTEAD OF TWO) AND TWO RENTS (INSTEAD OF ONE) WERE RECORDED.
I declare under penalty of perjury that this statement and the accompanying
documents and reports are true and correct to the best of my knowledge and
belief.
This 20th day of April, 1998. Signed: /s/ Thomas H. Hicks, CEO, CFO
------------------------------------------
Thomas H. Hicks, CEO, CFO
Page 2 of 26
<PAGE> 3
Schedule 2A
Monthly Financial Report for Business
For the Period Beginning March 1, 1998 and Ending April 4, 1998
(4-4-98 fiscal month end per books)
Other Receipts Detail
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
ACCOUNT DATE CHECK # PAYEE PURPOSE DEPOSIT
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
op 3/2/98 Deposit First Union Interest Interest 130.59
op 3/3/98 Deposit First Union Interest Interest 54.63
op 3/4/98 Deposit First Union Interest Interest 51.62
op 3/5/98 Deposit First Union Interest Interest 50.93
op 3/6/98 Deposit First Union Interest Interest 48.77
op 3/9/98 Deposit First Union Interest Interest 139.70
op 3/10/98 Deposit First Union Interest Interest 44.50
op 3/11/98 Deposit Network Integration - Network Sales Network Service 270.00
op 3/11/98 Deposit Vendor Refund - Broward County Refund 58.98
op 3/11/98 Deposit Equipment Sale Equipment Sale 73.00
op 3/11/98 Deposit Cobra Payment Cobra 210.29
op 3/11/98 Deposit First Union Interest Interest 42.28
op 3/12/98 Deposit First Union Interest Interest 43.35
op 3/13/98 Deposit First Union Interest Interest 45.74
op 3/16/98 Deposit First Union Interest Interest 142.27
op 3/17/98 Deposit First Union Interest Interest 51.15
op 3/18/98 Deposit First Union Interest Interest 50.38
op 3/19/98 Deposit First Union Interest Interest 51.30
op 3/20/98 Deposit First Union Interest Interest 50.11
op 3/23/98 Deposit First Union Interest Interest 148.63
op 3/24/98 Deposit First Union Interest Interest 50.72
op 3/25/98 Deposit Cobra Payment Cobra 210.29
op 3/25/98 Deposit FPL Deposit Refund Refund 4,624.13
op 3/25/98 Deposit First Union Interest Interest 49.30
op 3/26/98 Deposit First Union Interest Interest 51.79
op 3/27/98 Deposit First Union Interest Interest 56.50
op 3/30/98 Deposit Others Other Receipts 96.60
op 3/30/98 Deposit Cobra Payment Cobra 847.00
op 3/30/98 Deposit Telecheck Refund Refund 143.10
op 3/30/98 Deposit First Union Interest Interest 164.27
op 3/31/98 Deposit First Union Interest Interest 59.68
op 4/1/98 Deposit First Union Interest Interest 63.84
op 4/2/98 Deposit First Union Interest Interest 70.85
op 4/3/98 Deposit First Union Interest Interest 45.25
--------
8,291.54
========
</TABLE>
Page 3 of 26
<PAGE> 4
Schedule 2B
Monthly Financial Report for Business
For the Period Beginning March 1, 1998 and Ending April 4, 1998
(4-4-98 fiscal month end per books)
Other Operating Expenses Detail
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
ACCOUNT DATE CHECK # PAYEE PURPOSE WITHDRAWL
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
op 3/2/98 012515 Darling Visual Systems Store Design 22.77
op 3/2/98 012516 Dependable Courier Freight 754.30
op 3/2/98 012523 CGI-Ft. Lauderdale Freight 317.25
op 3/2/98 012531 Network Solutions, Inc. Customer Web Site 100.00
op 3/3/98 Debit Novus Monthly Settlement Credit Card Fees 96.40
op 3/4/98 Debit Merchant Discount Credit Card Fees 1,022.97
op 3/4/98 Debit Merchant Discount Credit Card Fees 640.69
op 3/4/98 Debit Merchant Fee Credit Card Fees 61.29
op 3/4/98 Debit Merchant Fee Credit Card Fees 35.27
op 3/4/98 Debit Merchant Fee Credit Card Fees 15.00
op 3/4/98 Debit Merchant Interchange Credit Card Fees 5.38
op 3/4/98 Debit Merchant Interchange Credit Card Fees 4.59
op 3/6/98 012552 Advance Service Industries Janitorial Services 290.88
op 3/6/98 012553 American Stock Transfer Co. Transfer Agent 500.00
op 3/6/98 012556 Honeywell Security 388.14
op 3/6/98 012559 Tropical Home & Garden Pest Pest Control 31.80
op 3/6/98 012562 CGI-Ft. Lauderdale Freight 433.20
op 3/6/98 012565 Florida Department of State licenses 150.00
op 3/6/98 012566 Phillip Appleton Refund 381.59
op 3/6/98 012567 Francine Canino Refund 210.94
op 3/6/98 012568 Tom Elmo Refund 26.49
op 3/6/98 012569 Tom Giarrusso Refund 52.99
op 3/6/98 012570 Jack Glick Refund 53.00
op 3/6/98 012571 Glenn Graham Refund 106.49
op 3/6/98 012575 Todd Kern Refund 158.99
op 3/6/98 012576 Mohamad Khan Refund 105.99
op 3/6/98 012577 Rosa Sanchez Labandera Refund 211.99
op 3/6/98 012578 Melissa Leta Refund 211.99
op 3/6/98 012579 Norma McDowell Refund 105.99
op 3/6/98 012580 Cheryl Mercure Refund 265.19
op 3/6/98 012581 Nancy Meyer Refund 211.99
op 3/6/98 012582 National Electronics Warranty Customer Warranties 995.85
op 3/6/98 012583 Mayra Quintana Refund 149.09
op 3/6/98 012584 Emily Santiago Refund 105.99
op 3/6/98 012585 Wendy Wigen Refund 126.88
op 3/6/98 012586 Abigail Dolmos Refund 42.39
pay 3/6/98 Debit ADP Fees Payroll Fees 70.36
op 3/11/98 Debit AA Service Fees Bank Fees 816.66
op 3/13/98 012593 Arlene K. Brown Refund 190.79
op 3/13/98 012594 Mindy Kohn Refund 137.79
op 3/13/98 012595 Aqua Springs Water Coffee Service 103.50
op 3/13/98 012596 Dependable Courier Freight 1,530.40
op 3/13/98 012597 Federal Express Corporation Freight 8.00
op 3/13/98 012600 Rena's Flowers Flowers 1.00
op 3/13/98 012602 United Parcel Service Freight 609.63
op 3/13/98 012603 CGI-Ft. Lauderdale Freight 282.40
</TABLE>
Page 4 of 26
<PAGE> 5
<TABLE>
<S> <C> <C> <C> <C> <C>
op 3/13/98 012608 Mazursky & Dunaway 5500 Preparation 237.80
op 3/19/98 Debit Telecheck Check Processing Fees 936.51
op 3/20/98 012620 Alan Reffsin Refund 84.79
op 3/20/98 012621 Cliff Berry, Inc. Trash Removal 770.00
op 3/20/98 012624 PR Newswire, Inc. Press Releases 70.00
op 3/20/98 012628 CGI-Ft. Lauderdale Freight 376.80
op 3/20/98 012637 National Electronics Warranty Customer Warranties 112.40
pay 3/20/98 Debit ADP Fees Payroll Fees 68.85
op 3/27/98 012644 Maharaj Adalgiza Refund 84.79
op 3/27/98 012645 William Cirincion Refund 52.99
op 3/27/98 012646 Martha Smuthers Refund 169.58
op 3/27/98 012647 Sharena Walker Refund 158.99
op 3/27/98 012648 Donald Miller Refund 148.38
op 3/27/98 012651 Dependable Courier Freight 2,144.05
op 3/27/98 012652 Federal Express Corporation Freight 8.95
op 3/27/98 012653 Honeywell Security 461.10
op 3/27/98 012655 PR Newswire, Inc. Press Releases 110.00
op 3/27/98 012656 South Beach Capital Corp Travel Expenses 61.35
op 3/27/98 012657 Tropical Home & Garden Pest Pest Control 31.80
op 3/27/98 012660 CGI-Ft. Lauderdale Freight 32.35
op 3/27/98 012666 AirData Communiciations, Inc. Customer Install 200.00
op 3/27/98 012667 Solomon Software Software Support 1,354.58
pay 3/27/98 Debit ADP Fees Payroll Fees 6.00
op 4/3/98 012688 System Graphics, Inc. Refund 1,139.39
op 4/3/98 012694 CGI-Ft. Lauderdale Freight 19.55
op 4/3/98 012700 AirData Communiciations, Inc. Customer Install 120.00
op 4/3/98 012701 Web Store Customer Web Site 225.00
op 4/3/98 Debit Merchant Chargeback Chargeback 441.65
op 4/3/98 Debit Merchant Discount Credit Card Fees 1,457.05
op 4/3/98 Debit Merchant Discount Credit Card Fees 832.87
op 4/3/98 Debit Merchant Fee Credit Card Fees 59.73
op 4/3/98 Debit Merchant Fee Credit Card Fees 38.89
op 4/3/98 Debit Merchant Fee Credit Card Fees 15.00
op 4/3/98 Debit Merchant Interchange Credit Card Fees 17.66
op 4/3/98 Debit Merchant Interchange Credit Card Fees 6.23
---------
OTHER TOTAL 24,199.37
=========
</TABLE>
Page 5 of 26
<PAGE> 6
ATTACHMENT #1
MONTHLY ACCOUNTS RECEIVABLE AGING AND RECONCILIATION
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
Accounts Receivable at Petition Date: $375,266.67
Accounts Receivable Reconciliation (Include all accounts receivable,
pre-petition and post-petition, including charge card sales which have not been
received):
<TABLE>
<S> <C>
Beginning of Month Balance: $175,372.74
Plus: Current Month New Billings: 83,745.87
Less: Collections During Month: (81,559.02)
Accounts Written off (20,775.86)
-----------
End of Month Balance: $156,783.73
===========
</TABLE>
Aging: (show the total amount for each age group of accounts incurred since
filing the petition)
<TABLE>
---------------------------------------------------------------------------
<S> <C> <C> <C> <C>
0-30 days 31-60 days 61-90 days >90 days Total
---------------------------------------------------------------------------
</TABLE>
SEE ATTACHED DETAIL
Page 6 of 26
<PAGE> 7
Attachment #1
2CONNECT EXPRESS, INC.
TRADE RECEIVABLES
AS OF 02/28/98
<TABLE>
<CAPTION>
TOTAL 1 TO 30 31 TO 60 61 TO 90 OVER 90
----- ------- -------- -------- -------
<S> <C> <C> <C> <C> <C>
A/R - Commission
Bell South Local-Commission 2,555.30 865.50 773.90 940.90 (25.00)
Bell South Mobility-Commission 44,635.00 44,635.00 0.00
Nextel-Commission 5,749.30 5,749.30
-----------------------------------------------------------------------
Subtotal 52,939.60 51,249.80 773.90 940.90 (25.00)
-----------------------------------------------------------------------
A/R - In-House
Bell South Mobility --
BFI Waste Management -- 0.00
Data Base Tech (142.75) (142.75)
Florida Gaming International -- 0.00
Ian Gardner I.T.I -- 0.00
Channel 4 (WFOR) --
School Board of Dade County 7,896.41 30.94 2,262.30 5,603.17
GMAC Mortgage 440.96 440.96
Catalina Lighting, Hersh Robert 127.19 127.19
Jaguar Security Corporation -- 0.00
Medical Research Industries -- 0.00
Edward Shane -- 0.00
Stern, Agee, & Leach --
Walt Disney 3,952.46 1,980.88 1,971.58
Year Import --
-----------------------------------------------------------------------
Subtotal 12,274.27 1,980.88 158.13 4,233.88 5,901.38
-----------------------------------------------------------------------
A/R- Trade Ins
Beeper to Go - Trade Ins 3,820.00 840.00 640.00 740.00 1,600.00
Bell South Mobility-Trade Ins 30.00 30.00
-----------------------------------------------------------------------
Subtotal 3,850.00 840.00 640.00 740.00 1,630.00
-----------------------------------------------------------------------
A/R - Web Page/Hosting
Decorator Fabrics Inc --
Lady of America --
Mextone Corporation --
Quick Sign of Miami --
Sunshine Farm Poultry Inc --
-----------------------------------------------------------------------
Subtotal -- 0.00 0.00 0.00 0.00
-----------------------------------------------------------------------
A/R - Activation
Bell South Mobility - Activation 7,875.00 3,625.00 4,250.00
PrimeCo - Activation --
Sprint - Activation 26,831.84 2,905.00 1,995.00 21,931.84
-----------------------------------------------------------------------
Subtotal 34,706.84 3,625.00 7,155.00 1,995.00 21,931.84
-----------------------------------------------------------------------
A/R - Coop Advertising
Astra - Coop 72.00 72.00
Beeper to Go-Coop 107.00 107.00
Casio- Coop --
Cell Star -Coop 13,127.00 99.00 13,028.00
Ericcson - Coop 668.00 668.00
Go-Neo Coop --
Intelidata Coop --
Lucent Tech-Coop Adv 176.00 176.00
Ora Electronic Coop 172.00 172.00
Panasonic Coop 293.00 1.00 292.00
Recoton Coop 282.00 42.00 240.00
Smart Talk Coop 640.00 640.00
Uniden Coop 417.00 417.00
Vtech Coop Adv 8,059.00 8,059.00
-----------------------------------------------------------------------
Subtotal 24,013.00 0.00 0.00 249.00 23,764.00
-----------------------------------------------------------------------
</TABLE>
Page 7 of 26
<PAGE> 8
<TABLE>
<S> <C> <C> <C> <C> <C>
A/R- Grand Openings
Bell South Mobility - Mkt Dev --
Direct TV Mkt Dev. 360.00 360.00
-------------------------------------------------------------------------
Subtotal 360.00 0.00 0.00 360.00 0.00
-------------------------------------------------------------------------
A/R- Market Development
PrimeCo NSA --
Lucent NSA (0.24) (0.24)
Ora 0.30 0.30
PrimeCo - New Store Allowance (2,500.00) (2,500.00)
Psion NSA 2,500.00 2,500.00
Recoton (0.34) (0.34)
Sprint NSA 13,500.00 13,500.00
-------------------------------------------------------------------------
Subtotal 13,499.72 0.00 0.00 (2,500.00) 15,999.72
-------------------------------------------------------------------------
A/R - Rebate
CellStar Rebate 2,971.00 249.00 2,722.00
Panasonic Rebate
Recoton Rebate 169.30 25.00 144.30
-------------------------------------------------------------------------
Subtotal 3,140.30 0.00 0.00 274.00 2,866.30
-------------------------------------------------------------------------
A/R - Residuals
Bell South Mobility Residuals 11,626.17 11,626.17
Icanect Residual 390.00 105.00 285.00
Direct TV Residual (6.40) (6.40)
Trescom Residual (9.77) 30.26 (40.03)
World Comm Residual --
-------------------------------------------------------------------------
Subtotal 12,000.00 11,626.17 23.86 64.97 285.00
-------------------------------------------------------------------------
GRAND TOTAL ACCOUNTS RECEIVABLE, NET $156,783.73 $69,321.85 $8,750.89 $6,357.75 $72,353.24
=========================================================================
</TABLE>
Page 8 of 26
<PAGE> 9
ATTACHMENT #2
MONTHLY ACCOUNTS PAYABLE AND SECURED PAYMENTS REPORT
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
In the space below list all invoices or bills incurred and not paid since the
filing of the petition. Do not include amounts owed prior to filing the
petition.
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Date Days
Incurred Outstanding Vendor Description Amount
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
</TABLE>
SEE ATTACHED SCHEDULE:
"PERIOD CUTOFF AGED AP - HISTORICAL DETAIL AGED BY DUE DATE"
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only):
<TABLE>
<S> <C>
Opening Balance (total from prior report) $ 47,074.22
Plus: New Indebtedness Incurred This Month 270,262.73
Less: Amount Paid on Total Accounts Payable 334,834.78
-----------
Ending Month Balance $(17,497.83) *SEE NOTE
===========
</TABLE>
*NOTE: PAYMENTS RECORDED IN THE MARCH FISCAL PERIOD (WHICH ENDS APRIL 4, 1998)
APPLICABLE TO APRIL EXPENSES CREATED NEGATIVE BALANCES FOR SEVERAL
VENDORS. (EXAMPLE - APRIL RENT WAS PAID 4-1-98. THE CHECK WAS POSTED
4-1-98, IN THE MARCH FISCAL PERIOD, BUT THE EXPENSE WAS BOOKED IN THE
APRIL FISCAL PERIOD.)
SECURED: List status of payments to Secured Creditors and Lessors (Post-Petition
Only):
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------
Secured Date Number of Post Total Amount of
Creditor/ Payment Payment Petition Payments Post-petition
Lessor Due Amount Delinquent Payments Delinquent
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
NONE
</TABLE>
Page 9 of 26
<PAGE> 10
Date 04/07/98 09:28am
03-99-182 Rept 03.681
2Connect Express, Inc.
Period Cutoff Aged AP (03.681. - Historical Detail Aged by Due Date
Period: 02-99 Aging Date: 04/07/98
<TABLE>
<CAPTION>
Vendor/ Name/ Vendor Status/ Disc Due Pay
Doc Type Ref Nbr/Inv Nbr Inv Date Doc Status Date Date Date Current
<S> <C> <C> <C> <C> <C> <C> <C>
2000AINSWO Chuck Ainsworth 0
VO 004729 040498 4/4/98 A 4/4/98 4/4/98 4/4/98 --
Vendor Total --
2000HICKST Thomas H. Hicks O
VO 004728 040598 4/5/98 A 4/5/98 4/5/98 4/5/98 --
Vendor Total --
4000HOTCHK Hotchkiss Enterprises O
CK 012670 004586 C (4,028.43)
Vendor Total (4,028.43)
4001CORALC Coral CS/Ltd. Associates O
CK 012671 004583 C (7,376.31)
Vendor Total (7,376.31)
4004SPIWAR Spiward, Inc. O
CK 012672 004584 C (5,022.89)
Vendor Total (5,022.89)
4007GATEWA Gateyway FL. Properties O
CK 012673 004585 C (6,444.80)
Vendor Total (6,444.80)
4009TRICOU Tri-County Plaza Assoc. Ltd. O
CK 012674 004587 C (2,708.30)
Vendor Total (2,708.30)
5000AQUASP Aqua Springs Water O
VO 004715 102214 3/31/98 A 3/31/98 3/31/98 3/31/98 --
Vendor Total --
5000BOWNE Bowne of Atlanta O
VO 004723 1-98030090-0 3/30/98 A 4/9/98 4/29/98 4/9/98 752.60
Vendor Total 752.60
5000DEPEND Dependable Courier
VO 004716 481 3/31/98 A 3/31/98 4/10/98 4/10/98 162.00
VO 004717 482 3/31/98 A 3/31/98 4/10/98 4/10/98 297.00
VO 004718 483 3/31/98 A 3/31/98 4/10/98 4/10/98 153.45
VO 004719 484 3/31/98 A 3/31/98 4/10/98 4/10/98 118.80
VO 004720 485 3/31/98 A 3/31/98 4/10/98 4/10/98 227.30
VO 004721 486 3/31/98 A 3/31/98 4/10/98 4/10/98 43.50
Vendor Total 1,002.05
<CAPTION>
Vendor/ Name/ Days Past Due
Doc Type Ref Nbr/Inv Nbr 1 To 30 31 To 60 61 To 90 Over 90 Balance
<S> <C> <C> <C> <C> <C> <C>
2000AINSWO Chuck Ainsworth
VO 004729 040498 293.81 -- -- -- 293.81
293.81 -- -- -- 293.81
2000HICKST Thomas H. Hicks
VO 004728 040598 83.60 -- -- -- 83.60
83.60 -- -- -- 83.60
4000HOTCHK Hotchkiss Enterprises
CK 012670 004586 (4,028.43)
-- -- -- -- (4,028.43)
4001CORALC Coral CS/Ltd. Associates
CK 012671 004583 (7,376.31)
-- -- -- -- (7,376.31)
4004SPIWAR Spiward, Inc.
CK 012672 004584 (5,022.89)
-- -- -- -- (5,022.89)
4007GATEWA Gateyway FL. Properties
CK 012673 004585 (6,444.80)
-- -- -- -- (6,444.80)
4009TRICOU Tri-County Plaza Assoc. Ltd.
CK 012674 004587 (2,708.30)
-- -- -- -- (2,708.30)
5000AQUASP Aqua Springs Water
VO 004715 102214 20.50 -- -- -- 20.50
20.50 -- -- -- 20.50
5000BOWNE Bowne of Atlanta
VO 004723 1-98030090-0 -- -- -- -- 752.60
-- -- -- -- 752.60
5000DEPEND Dependable Courier
VO 004716 481 -- -- -- -- 162.00
VO 004717 482 -- -- -- -- 297.00
VO 004718 483 -- -- -- -- 153.45
VO 004719 484 -- -- -- -- 118.80
VO 004720 485 -- -- -- -- 227.30
VO 004721 486 -- -- -- -- 43.50
-- -- -- -- 1,002.05
</TABLE>
Page 10 of 26
<PAGE> 11
<TABLE>
<CAPTION>
Vendor/ Name/ Vendor Status/ Disc Due Pay
Doc Type Ref Nbr/Inv Nbr Inv Date Doc Status Date Date Date Current
<S> <C> <C> <C> <C> <C> <C> <C>
5000FEDEX Federal Express Corporation O
VO 004727 4-479-58356 4/3/98 A 4/3/98 4/18/98 4/18/98 23.00
Vendor Total 23.00
5000HONEYW Honeywell O
CK 012653 004621 C (206.70)
CK 012653 004621 C (143.10)
CK 012653 004621 C (111.30)
Vendor Total (461.10)
5000LDDSWO LDDS Worldcom O
VO 004725 194845 3/19/98 A 4/8/98 4/8/98 4/8/98 175.50
Vendor Total 175.50
5000TELECH Telecheck O
VO 004319 B803295305 1/31/98 H 1/31/98 2/19/98 2/19/98 --
AD 004542 021998 2/19/98 H 2/19/98 2/19/98 --
Vendor Total --
5500HOLLYW City of Hollywood Utility O
VO 004714 808874-9-07 3/30/98 A 3/30/98 4/9/98 4/9/98 305.65
Vendor Total 305.65
6000SUNBUR Sun Belt Technologies O
VO 004713 60028 4/2/98 A 4/2/98 4/2/98 4/2/98 --
Vendor Total --
6500EMPLOY Employer's Health Insurance O
CK 012662 004652 C (271.41)
Vendor Total (271.41)
6500FORTIS Fortis Life Insurance O
CK 012675 004666 C (97.24)
Vendor Total (97.24)
6500HUMANA Humana Health Insurance O
CK 012663 004651 C (2,824.06)
Vendor Total (2,824.06)
6500KEMPER Kemper Insurance Companies O
VO 004702 COR 000779 3/1/98 A 3/1/98 5/9/98 5/9/98 2,562.00
VO 004703 COR 000779 3/1/98 A 3/1/98 6/9/98 6/9/98 2,562.00
Vendor Total 5,124.00
7000SPRINT Sprint PCS O
VO 004489 030598 3/5/98 H 3/5/98 3/5/98 3/5/98 --
<CAPTION>
Vendor/ Name/ Days Past Due
Doc Type Ref Nbr/Inv Nbr 1 To 30 31 To 60 61 To 90 Over 90 Balance
<S> <C> <C> <C> <C> <C> <C>
5000FEDEX Federal Express Corporation
VO 004727 4-479-58356 -- -- -- -- 23.00
-- -- -- -- 23.00
5000HONEYW Honeywell
CK 012653 004621 (206.70)
CK 012653 004621 (143.10)
CK 012653 004621 (111.30)
-- -- -- -- (461.10)
5000LDDSWO LDDS Worldcom
VO 004725 194845 -- -- -- -- 175.50
-- -- -- -- 175.50
5000TELECH Telecheck
VO 004319 B803295305 -- 628.06 -- -- 628.06
AD 004542 021998 -- (970.73) -- -- (970.73)
-- (342.67) -- -- (342.67)
5500HOLLYW City of Hollywood Utility
VO 004714 808874-9-07 -- -- -- -- 305.65
-- -- -- -- 305.65
6000SUNBUR Sun Belt Technologies
VO 004713 60028 68.90 -- -- -- 68.90
68.90 -- -- -- 68.90
6500EMPLOY Employer's Health Insurance
CK 012662 004652 (271.41)
-- -- -- -- (271.41)
6500FORTIS Fortis Life Insurance
CK 012675 004666 (97.24)
-- -- -- -- (97.24)
6500HUMANA Humana Health Insurance
CK 012663 004651 (2,824.06)
-- -- -- -- (2,824.06)
6500KEMPER Kemper Insurance Companies
VO 004702 COR 000779 -- -- -- -- 2,562.00
VO 004703 COR 000779 -- -- -- -- 2,562.00
-- -- -- -- 5,124.00
7000SPRINT Sprint PCS
VO 004489 030598 -- 342.00 -- -- 342.00
</TABLE>
Page 11 of 26
<PAGE> 12
<TABLE>
<CAPTION>
Vendor/ Name/ Vendor Status/ Disc Due Pay
Doc Type Ref Nbr/Inv Nbr Inv Date Doc Status Date Date Date Current
<S> <C> <C> <C> <C> <C> <C> <C>
VO 004708 WBE-028087 1/29/97 A 1/29/97 2/28/97 2/28/97 --
Vendor Total --
7200ICANEC ICanect H
VO 004183 013198 1/31/98 A 1/31/98 3/2/98 3/2/98 --
Vendor Total --
90003COM 3Com Credit Corporation O
CK 012676 004577 C (3,974.89)
CK 012676 004577 C (1,790.97)
CK 012676 004577 C (185.85)
CK 012676 004577 C (315.15)
CK 012676 004577 C (929.54)
Vendor Total (7,196.40)
9000CITGRO Sensormatic/CIT Group O
CK 012677 004573 C (397.48)
CK 012677 004573 C (164.90)
CK 012677 004573 C (164.90)
CK 012677 004573 C (164.90)
Vendor Total (892.18)
9000KONIVE The Koniver Stern Group H
VO 004563 4084 3/10/98 H 3/10/98 3/10/98 3/10/98 --
Vendor Total --
9000KPMG KPMG Peat Marwick O
VO 004357 01821 2/17/98 H 2/17/98 3/19/98 3/19/98 --
Vendor Total --
9000SAXONE Saxon Business Systems O
CK 012632 004549 C (64.74)
CK 012632 004549 C (886.40)
CK 012632 004549 C (173.31)
CK 012632 004549 C (172.54)
Vendor Total (1,296.99)
9500USTRUS United States Trustee O
VO 004712 033198 3/31/98 A 3/31/98 4/20/98 4/20/98 3,750.00
Vendor Total 3,750.00
Report Total (27,487.31)
<CAPTION>
Vendor/ Name/ Days Past Due
Doc Type Ref Nbr/Inv Nbr 1 To 30 31 To 60 61 To 90 Over 90 Balance
<S> <C> <C> <C> <C> <C> <C>
VO 004708 WBE-028087 -- -- -- 684.00 684.00
-- 342.00 -- 684.00 1,026.00
VO 004183 013198 -- 269.34 -- -- 269.34
-- 269.34 -- -- 269.34
90003COM 3Com Credit Corporation
CK 012676 004577 (3,974.89)
CK 012676 004577 (1,790.97)
CK 012676 004577 (185.85)
CK 012676 004577 (315.15)
CK 012676 004577 (929.54)
-- -- -- -- (7,196.40)
9000CITGRO Sensormatic/CIT Group
CK 012677 004573 (397.48)
CK 012677 004573 (164.90)
CK 012677 004573 (164.90)
CK 012677 004573 (164.90)
-- -- -- -- (892.18)
9000KONIVE The Koniver Stern Group
VO 004563 4084 1,770.00 -- -- -- 1,770.00
1,770.00 -- -- -- 1,770.00
9000KPMG KPMG Peat Marwick
VO 004357 01821 6,800.00 -- -- -- 6,800.00
6,800.00 -- -- -- 6,800.00
9000SAXONE Saxon Business Systems
CK 012632 004549 (64.74)
CK 012632 004549 (886.40)
CK 012632 004549 (173.31)
CK 012632 004549 (172.54)
-- -- -- -- (1,296.99)
9500USTRUS United States Trustee
VO 004712 033198 -- -- -- -- 3,750.00
-- -- -- -- 3,750.00
9,036.81 268.67 -- 684.00 (17,497.83)
</TABLE>
Page 12 of 26
<PAGE> 13
ATTACHMENT #3
INVENTORY AND FIXED ASSETS REPORT
- --------------------------------------------------------------------------------
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
<TABLE>
<CAPTION>
- ---------------------------------------------------
INVENTORY REPORT
- ---------------------------------------------------
<S> <C>
Inventory Balance at Petition Date: $2,191,354
==========
Inventory Reconciliation:
Inventory Balance at Beginning of Month (Period) $1,753,192
Inventory Purchased During Month (Period) 13,262
Inventory Used or Sold: (569,379)
Less Inventory Adjusment for Shrinkage (6,857)
----------
Inventory On-Hand at End of Month (Period) $1,190,218
==========
Method of Costing: Last Cost
<CAPTION>
- ---------------------------------------------------
FIXED ASSET REPORT
- ---------------------------------------------------
<S> <C>
Fixed Assets Fair Market Value at Petition Date: $2,038,164 NBV
==========
(includes Property, Plant and Equipment)
Fixed Assets Reconciliation:
Fixed Asset Book Value at Beginning of Month(Period): $1,422,354
Less: Depreciation Expense for Period: (28,222)
Plus: New Purchases/Additions: --
----------
Ending Month(Period) Balance: $1,394,132
==========
</TABLE>
Page 13 of 26
<PAGE> 14
ATTACHMENT #4
MONTHLY BANK ACCOUNT RECONCILIATION
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
Separate sheet is required for each bank account, including all savings and
investment accounts (I.e., certificates of deposits, money market accounts,
stocks and bonds, etc.)
NAME OF BANK: First Union National Bank BRANCH:Commercial Banking Broward
ACCOUNT NAME: 2Connect Express, Inc. DIP Operating Account
ACCOUNT NUMBER: 2090002563870
PURPOSE OF ACCOUNT: Post Petition Operating Account
<TABLE>
<S> <C> <C>
Beginning Balance $ 377,857.15
Total of Deposits Made 543,625.69
Amount of Cash and Credit Cards Refunds --
Amount of Deposits from Account Sweeps (See Note Below) 499,805.14
Amount of Receipts from Account Sweeps (See Note Below) (499,805.14)
Amount of Cash funding Payroll Account (141,604.44)
Total Amount of Checks Written (471,318.05)
------------
Closing Balance $ 308,560.35
============
Number of 1st Check Written This Period: 012506
Number of Last Check Written This Period: 012702
------
Total Number of Checks Written or voided This Period: 196
======
</TABLE>
Note - Daily "Sweep" transfers are made from store depository sub-accounts
(zero balance accounts) to concentration account.
INVESTMENT ACCOUNTS
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------
Type of Negotiable Face Purchase Date of
Instrument Value Price Purchase
- --------------------------------------------------------------------------------
<S> <C> <C> <C>
NONE
</TABLE>
Page 14 of 26
<PAGE> 15
ATTACHMENT #4
MONTHLY BANK ACCOUNT RECONCILIATION
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
Separate sheet is required for each bank account, including all savings and
investment accounts (I.e., certificates of deposits, money market accounts,
stocks and bonds, etc.)
NAME OF BANK: First Union National Bank BRANCH:Commercial Banking Broward
ACCOUNT NAME: 2Connect Express, Inc. DIP Payroll Account
ACCOUNT NUMBER: 2090002563883
PURPOSE OF ACCOUNT: Post Petition Payroll Account
<TABLE>
<S> <C>
Beginning Balance (6.33)
Total of Deposits Made 141,604.44
Total Amount of Checks Written (174,691.61)
Service Charges --
-----------
Closing Balance (33,093.50)
===========
</TABLE>
Since this is a Zero Balance account, the
ending negative balance represents
outstanding checks.
<TABLE>
<S> <C>
Number of 1st Check Written This Period: 1690
Number of Last Check Written This Period: 1820
----
Total Number of Checks Written This Period: 130
====
</TABLE>
INVESTMENT ACCOUNTS
<TABLE>
- ------------------------------------------------------------------------
Type of Negotiable Face Purchase Date of
Instrument Value Price Purchase
- ------------------------------------------------------------------------
<S> <C> <C> <C>
NONE
</TABLE>
Page 15 of 26
<PAGE> 16
ATTACHMENT #5
CHECK REGISTER
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
Name of Bank: First Union National Bank Branch:Commercial Banking Broward
Account Name: 2Connect Express, Inc. DIP Operating Account
Account Number: 2090002563870
Purpose of Account: Primary Operating Account
Account for all check numbers, including voided, lost, stopped payment, etc.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Cumulative
Date Ck # Payee Purpose Amount Amount
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
012501 Starr Stuart Travel Expenses (36.00) (36.00)
3/2/98 012506 Hotchkiss Enterprises Rent 4,028.43 3,992.43
3/2/98 012507 Coral CS/Ltd. Associates Rent 7,376.31 11,368.74
3/2/98 012508 Dadeland Station Assoc. Ltd. Rent 4,321.47 15,690.21
3/2/98 012509 Spiward, Inc. Rent 5,022.89 20,713.10
3/2/98 012510 Gateyway FL. Properties Rent 6,444.80 27,157.90
3/2/98 012511 Tri-County Plaza Assoc. Ltd. Rent 2,708.30 29,866.20
3/2/98 012512 A Acorn Locksmith Repairs 35.00 29,901.20
3/2/98 012513 Almat Forms & Systems, Inc. Corp Printing 388.93 30,290.13
3/2/98 012514 BellSouth Mobility Store Utilities 1.02 30,291.15
3/2/98 012515 Darling Visual Systems Store Supplies 22.77 30,313.92
3/2/98 012516 Dependable Courier Freight 754.30 31,068.22
3/2/98 012517 Hancock Moving & Storage Rent 1,378.75 32,446.97
3/2/98 012518 LDDS Worldcom Corp Utilities 65.10 32,512.07
3/2/98 012519 Coral Springs Improvement Dist Store Utilities 21.00 32,533.07
3/2/98 012520 Florida Power & Light Corp Utilities 3,111.28 35,644.35
3/2/98 012521 Town of Davie Store Utilities 53.83 35,698.18
3/2/98 012522 Trescom International Corp Utilities 1,671.72 37,369.90
3/2/98 012523 CGI-Ft. Lauderdale Freight 317.25 37,687.15
3/2/98 012524 Saxon Business Systems Supplies 86.40 37,773.55
3/2/98 012525 Sun Belt Technologies Supplies 275.60 38,049.15
3/2/98 012526 Employer's Health Insurance Insurance 167.99 38,217.14
3/2/98 012527 Kemper Insurance Companies Insurance 3,470.00 41,687.14
3/2/98 012528 CellStar Inventory 1,080.38 42,767.52
3/2/98 012529 Ingram Periodicals Inventory 137.24 42,904.76
3/2/98 012530 ICanect Customer accounts 269.34 43,174.10
3/2/98 012530 ICanect Customer accounts (269.34) 42,904.76
3/2/98 012531 Network Solutions, Inc. Customer accounts 100.00 43,004.76
3/2/98 012532 Sun Sentinel Advertising 1,968.00 44,972.76
3/2/98 012533 3Com Credit Corporation Equipment Lease 7,404.40 52,377.16
3/2/98 012534 Sensormatic/CIT Group Equipment Lease 164.90 52,542.06
3/2/98 012535 Void Other -- 52,542.06
3/2/98 012536 Void Other -- 52,542.06
3/2/98 012537 Marketing Impressions Supplies 252.28 52,794.34
3/2/98 012538 Void Other -- 52,794.34
</TABLE>
Page 16 of 26
<PAGE> 17
<TABLE>
<S> <C> <C> <C> <C> <C>
3/2/98 012539 Void Other -- 52,794.34
3/3/98 Debit Novus Monthly Settlement Bank Card Fees 96.40 52,890.74
3/3/98 012540 Office Depot Supplies 254.37 53,145.11
3/3/98 012541 U.S. Postmaster Supplies 184.00 53,329.11
3/3/98 012542 Fortis Life Insurance Insurance 52.33 53,381.44
3/4/98 Debit Merchant Discount Bank Card Fees 1,022.97 54,404.41
3/4/98 Debit Merchant Discount Bank Card Fees 640.69 55,045.10
3/4/98 Debit Merchant Fee Bank Card Fees 61.29 55,106.39
3/4/98 Debit Merchant Fee Bank Card Fees 35.27 55,141.66
3/4/98 Debit Merchant Fee Bank Card Fees 15.00 55,156.66
3/4/98 Debit Merchant Interchange Bank Card Fees 5.38 55,162.04
3/4/98 Debit Merchant Interchange Bank Card Fees 4.59 55,166.63
3/5/98 012543 Void Other -- 55,166.63
3/5/98 012544 Sprint PCS Inventory 342.00 55,508.63
3/5/98 012544 Sprint PCS Inventory (342.00) 55,166.63
3/5/98 012545 Humana Health Insurance Insurance 4,351.02 59,517.65
3/5/98 012546 Void Other -- 59,517.65
3/5/98 012547 Void Other -- 59,517.65
3/6/98 012548 Chuck Ainsworth Travel Expenses 111.15 59,628.80
3/6/98 012549 John Grandy Travel Expenses 90.30 59,719.10
3/6/98 012550 Thomas H. Hicks Travel Expenses 1,570.01 61,289.11
3/6/98 012551 Matthew A. Kinsey Travel Expenses 144.63 61,433.74
3/6/98 012552 Advance Service Industries Cleaning Services 290.88 61,724.62
3/6/98 012553 American Stock Transfer Co. Transfer Agent 500.00 62,224.62
3/6/98 012554 City Fire Equipment repairs 5.00 62,229.62
3/6/98 012555 Franklin's Printing Printing 13.20 62,242.82
3/6/98 012556 Honeywell Security 388.14 62,630.96
3/6/98 012557 LDDS Worldcom Corp Utilities 282.66 62,913.62
3/6/98 012558 Nextel Store Utilities 238.46 63,152.08
3/6/98 012559 Tropical Home & Garden Pest Pest Control 31.80 63,183.88
3/6/98 012560 BellSouth Corp Utilities 6,478.38 69,662.26
3/6/98 012561 City of Hollywood Utility Store Utilities 113.35 69,775.61
3/6/98 012562 CGI-Ft. Lauderdale Freight 433.20 70,208.81
3/6/98 012563 Saxon Business Systems Equipment Lease 2,481.14 72,689.95
3/6/98 012564 Florida Department of Revenue Sales Tax 693.09 73,383.04
3/6/98 012565 Florida Department of State Other 150.00 73,533.04
3/6/98 012566 Phillip Appleton Refund 381.59 73,914.63
3/6/98 012567 Francine Canino Refund 210.94 74,125.57
3/6/98 012568 Tom Elmo Refund 26.49 74,152.06
3/6/98 012569 Tom Giarrusso Refund 52.99 74,205.05
3/6/98 012570 Jack Glick Refund 53.00 74,258.05
3/6/98 012571 Glenn Graham Refund 106.49 74,364.54
3/6/98 012572 John Grandy Travel Expenses 192.64 74,557.18
3/6/98 012573 Thomas H. Hicks Travel Expenses 91.78 74,648.96
3/6/98 012574 Thomas Jordan Travel Expenses 133.92 74,782.88
3/6/98 012575 Todd Kern Refund 158.99 74,941.87
3/6/98 012576 Mohamad Khan Refund 105.99 75,047.86
3/6/98 012577 Rosa Sanchez Labandera Refund 211.99 75,259.85
3/6/98 012578 Melissa Leta Refund 211.99 75,471.84
3/6/98 012579 Norma McDowell Refund 105.99 75,577.83
3/6/98 012580 Cheryl Mercure Refund 265.19 75,843.02
3/6/98 012581 Nancy Meyer Refund 211.99 76,055.01
</TABLE>
Page 17 of 26
<PAGE> 18
<TABLE>
<S> <C> <C> <C> <C> <C>
3/6/98 012582 National Electronics Waranty Customer accounts 995.85 77,050.86
3/6/98 012583 Mayra Quintana Refund 149.09 77,199.95
3/6/98 012584 Emily Santiago Refund 105.99 77,305.94
3/6/98 012585 Wendy Wigen Refund 126.88 77,432.82
3/6/98 012586 Abigail Dolmos Refund 42.39 77,475.21
3/10/98 Debit PrimeCo Inventory 5,587.50 83,062.71
3/11/98 Debit AA Service Fees Bank Fees 816.66 83,879.37
3/12/98 012587 Marketing Impressions Advertising 159.00 84,038.37
3/12/98 012588 Sun Sentinel Advertising 3,444.00 87,482.37
3/13/98 012589 Coral Square Mall Store Petty Cash 60.00 87,542.37
3/13/98 012590 Chuck Ainsworth Travel Expenses 47.25 87,589.62
3/13/98 012591 Thomas H. Hicks Travel Expenses 114.76 87,704.38
3/13/98 012592 Kevin Killoran Travel Expenses 404.12 88,108.50
3/13/98 012593 Arlene K. Brown Refund 190.79 88,299.29
3/13/98 012594 Mindy Kohn Refund 137.79 88,437.08
3/13/98 012595 Aqua Springs Water Supplies 103.50 88,540.58
3/13/98 012596 Dependable Courier Freight 1,530.40 90,070.98
3/13/98 012597 Federal Express Corporation Freight 8.00 90,078.98
3/13/98 012598 LDDS Worldcom Corp Utilities 270.30 90,349.28
3/13/98 012599 Reliable Fire & Safety Equip. repairs 323.78 90,673.06
3/13/98 012600 Rena's Flowers Floral 1.00 90,674.06
3/13/98 012601 Telecheck Bank Card Fees -- 90,674.06
3/13/98 012602 United Parcel Service Freight 609.63 91,283.69
3/13/98 012603 CGI-Ft. Lauderdale Freight 282.40 91,566.09
3/13/98 012604 Saxon Business Systems Equipment Lease 47.73 91,613.82
3/13/98 012605 Fortis Life Insurance Insurance 28.88 91,642.70
3/13/98 012606 PrimeCo Inventory -- 91,642.70
3/13/98 012607 Recoton Inventory 17.60 91,660.30
3/13/98 012608 Mazursky & Dunaway 5500 Preparation 237.80 91,898.10
3/16/98 012609 Direct Wireless Inventory 388.00 92,286.10
3/16/98 012609 Direct Wireless Inventory (388.00) 91,898.10
3/17/98 012610 Direct Wireless Inventory 358.00 92,256.10
3/18/98 012611 U.S. Postmaster Supplies 96.00 92,352.10
3/19/98 Debit Telecheck Bank Card Fees 936.51 93,288.61
3/20/98 012612 Airpark Plaza Other -- 93,288.61
3/20/98 012613 Colonial Palms Plaza Other -- 93,288.61
3/20/98 012614 Tower Shops-Davie Other -- 93,288.61
3/20/98 012615 Chuck Ainsworth Travel Expenses 100.80 93,389.41
3/20/98 012616 Billy Fowler Travel Expenses 1,092.80 94,482.21
3/20/98 012617 Jason Hersh Travel Expenses 218.63 94,700.84
3/20/98 012618 Nathan Rothman Travel Expenses 402.58 95,103.42
3/20/98 012619 Stuart Starr Travel Expenses 34.80 95,138.22
3/20/98 012620 Alan Reffsin Refund 84.79 95,223.01
3/20/98 012621 Cliff Berry, Inc. repairs 770.00 95,993.01
3/20/98 012622 LDDS Worldcom Corp Utilities 88.20 96,081.21
3/20/98 012623 Motorola Supplies 3.81 96,085.02
3/20/98 012624 PR Newswire, Inc. Press Release 70.00 96,155.02
3/20/98 012625 Reliable Fire & Safety Equip. repairs 42.40 96,197.42
3/20/98 012626 Florida Power & Light Corp Utilities 450.81 96,648.23
3/20/98 012627 Trescom International Corp Utilities 1,443.16 98,091.39
3/20/98 012628 CGI-Ft. Lauderdale Freight 376.80 98,468.19
3/20/98 012629 Kahn Carlin Insurance 4,378.39 102,846.58
</TABLE>
Page 18 of 26
<PAGE> 19
<TABLE>
<S> <C> <C> <C> <C> <C>
3/20/98 012630 Direct Wireless Inventory 355.75 103,202.33
3/20/98 012631 National Electronics Waranty Customer accounts 194.45 103,396.78
3/20/98 012631 National Electronics Waranty Customer accounts (194.45) 103,202.33
3/20/98 012632 Saxon Business Systems Equipment Lease 1,296.99 104,499.32
3/20/98 012633 Florida Department of Revenue Sales Tax 12,186.79 116,686.11
3/20/98 012634 Florida Department of State Other -- 116,686.11
3/20/98 012635 Network Solutions, Inc. Other -- 116,686.11
3/20/98 012636 Sales Associates Other -- 116,686.11
3/20/98 012637 National Electronics Waranty Customer accounts 112.40 116,798.51
3/23/98 012638 Sun Sentinel Advertising 1,722.00 118,520.51
3/26/98 012639 Direct Wireless Inventory 99.50 118,620.01
3/26/98 012640 Office Depot Supplies 40.26 118,660.27
3/27/98 012641 Chuck Ainsworth Travel Expenses 157.82 118,818.09
3/27/98 012642 Thomas H. Hicks Travel Expenses 16.49 118,834.58
3/27/98 012643 Matthew A. Kinsey Travel Expenses 153.67 118,988.25
3/27/98 012644 Maharaj Adalgiza Other 84.79 119,073.04
3/27/98 012645 William Cirincion Other 52.99 119,126.03
3/27/98 012646 Martha Smuthers Other 169.58 119,295.61
3/27/98 012647 Sharena Walker Other 158.99 119,454.60
3/27/98 012648 Donald Miller Other 148.38 119,602.98
3/27/98 012649 A Acorn Locksmith repairs 169.60 119,772.58
3/27/98 012650 BellSouth Mobility Store Utilities 1.54 119,774.12
3/27/98 012651 Dependable Courier Freight 2,144.05 121,918.17
3/27/98 012652 Federal Express Corporation Freight 8.95 121,927.12
3/27/98 012653 Honeywell Other 461.10 122,388.22
3/27/98 012654 LDDS Worldcom Corp Utilities 64.25 122,452.47
3/27/98 012655 PR Newswire, Inc. Other 110.00 122,562.47
3/27/98 012656 South Beach Capital Corp Other 61.35 122,623.82
3/27/98 012657 Tropical Home & Garden Pest Other 31.80 122,655.62
3/27/98 012658 Coral Springs Improvement Dist Store Utilities 21.00 122,676.62
3/27/98 012659 Florida Power & Light Store Utilities 1,319.80 123,996.42
3/27/98 012660 CGI-Ft. Lauderdale Freight 32.35 124,028.77
3/27/98 012661 Saxon Business Systems Equipment Lease 165.65 124,194.42
3/27/98 012662 Employer's Health Insurance Insurance 271.41 124,465.83
3/27/98 012663 Humana Health Insurance Insurance 2,824.06 127,289.89
3/27/98 012664 Direct Wireless Inventory 204.00 127,493.89
3/27/98 012665 PrimeCo Inventory -- 127,493.89
3/27/98 012666 AirData Communiciations, Inc. Other 200.00 127,693.89
3/27/98 012667 Solomon Software Other 1,354.58 129,048.47
3/30/98 012668 Sun Sentinel Advertising 3,591.00 132,639.47
3/30/98 012669 Bay Tech Investments, Inc. Other 166,472.69 299,112.16
3/31/98 012670 Hotchkiss Enterprises Corp Rent 4,028.43 303,140.59
3/31/98 012671 Coral CS/Ltd. Associates Store Rent 7,376.31 310,516.90
3/31/98 012672 Spiward, Inc. Store Rent 5,022.89 315,539.79
3/31/98 012673 Gateyway FL. Properties Store Rent 6,444.80 321,984.59
3/31/98 012674 Tri-County Plaza Assoc. Ltd. Store Rent 2,708.30 324,692.89
3/31/98 012675 Fortis Life Insurance Insurance 97.24 324,790.13
3/31/98 012676 3Com Credit Corporation Equipment Lease 7,196.40 331,986.53
3/31/98 012677 Sensormatic/CIT Group Equipment Lease 892.18 332,878.71
3/31/98 012678 Stub Check Other -- 332,878.71
3/31/98 012679 Kemper Insurance Companies Insurance -- 332,878.71
3/31/98 012680 Stub Check Other -- 332,878.71
</TABLE>
Page 19 of 26
<PAGE> 20
<TABLE>
<S> <C> <C> <C> <C> <C>
3/31/98 012681 Florida Power & Light Store Utilities -- 332,878.71
4/1/98 012682 Sun Sentinel Advertising 1,889.55 334,768.26
4/3/98 012683 Chuck Ainsworth Travel Expenses 68.50 334,836.76
4/3/98 012684 John Grandy Travel Expenses 119.70 334,956.46
4/3/98 012685 Thomas H. Hicks Travel Expenses 1,027.75 335,984.21
4/3/98 012686 Stuart Starr Travel Expenses -- 335,984.21
4/3/98 012687 Patricia Silverman Travel Expenses 127.75 336,111.96
4/3/98 012688 System Graphics, Inc. Supplies 1,139.39 337,251.35
4/3/98 012689 LDDS Worldcom Corp Utilities 287.70 337,539.05
4/3/98 012690 Nextel Store Utilities 74.69 337,613.74
4/3/98 012691 BellSouth Corp Utilities 4,335.13 341,948.87
4/3/98 012692 Florida Power & Light Store Utilities 476.22 342,425.09
4/3/98 012693 Town of Davie Store Utilities 40.29 342,465.38
4/3/98 012694 CGI-Ft. Lauderdale Freight 19.55 342,484.93
4/3/98 012695 Sun Belt Technologies Supplies 342.07 342,827.00
4/3/98 012696 U.S. Postmaster Supplies 128.00 342,955.00
4/3/98 012697 Kemper Insurance Companies Insurance 4,496.00 347,451.00
4/3/98 012698 PrimeCo Inventory -- 347,451.00
4/3/98 012699 Sprint PCS Inventory 684.00 348,135.00
4/3/98 012699 Sprint PCS Inventory (684.00) 347,451.00
4/3/98 012700 AirData Communiciations, Inc. Other 120.00 347,571.00
4/3/98 012701 Web Store Other 225.00 347,796.00
4/3/98 012702 Marketing Impressions Supplies 203.20 347,999.20
3/25/98 Debit Bay Tech Loan Payment Other 115,027.27 463,026.47
3/26/98 Debit PrimeCo Inventory 3,187.50 466,213.97
4/1/98 Debit PrimeCo Inventory 2,235.00 468,448.97
4/3/98 Debit Merchant Chargeback Other 441.65 468,890.62
4/3/98 Debit Merchant Discount bank fee 1,457.05 470,347.67
4/3/98 Debit Merchant Discount bank fee 832.87 471,180.54
4/3/98 Debit Merchant Fee bank fee 59.73 471,240.27
4/3/98 Debit Merchant Fee bank fee 38.89 471,279.16
4/3/98 Debit Merchant Fee bank fee 15.00 471,294.16
4/3/98 Debit Merchant Interchange bank fee 17.66 471,311.82
4/3/98 Debit Merchant Interchange bank fee 6.23 471,318.05
471,318.05
</TABLE>
Page 20 of 26
<PAGE> 21
ATTACHMENT #5
CHECK REGISTER
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
Name of Bank: First Union National Bank Branch: Commercial Banking Broward
Account Name: 2Connect Express, Inc. DIP Payroll Account
Account Number: 2090002563883
Purpose of Account: Payroll Account
Account for all check numbers, including voided, lost, stopped payment, etc.
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
Cumulative
Date Ck # Payee Purpose Amount Amount
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
3/6/98 1690 Fishman, Marc Net Pay 2,465.54 2,465.54
3/6/98 1691 Hicks, Thomas Net Pay 4,996.22 7,461.76
3/6/98 1692 Killoran, Kevin Net Pay 1,647.32 9,109.08
3/6/98 1693 Ainsworth, Charles Net Pay 1,734.53 10,843.61
3/6/98 1694 Fowler, Billy Net Pay 2,633.47 13,477.08
3/6/98 1695 Hersh, Jason Net Pay 662.05 14,139.13
3/6/98 1696 Woods, Robert Net Pay 1,333.39 15,472.52
3/6/98 1697 Bolden, Maria Net Pay 884.41 16,356.93
3/6/98 1698 Chalfant, Christopher Net Pay 2,049.37 18,406.30
3/6/98 1699 Kinsey, Jeanine Net Pay 836.21 19,242.51
3/6/98 1700 Schmidt, Christine Net Pay 108.11 19,350.62
3/6/98 1701 Hernandez, Zara Net Pay 876.42 20,227.04
3/6/98 1702 Kinsey, Matthew Net Pay 1,312.36 21,539.40
3/6/98 1703 Smith, Donald Net Pay 1,663.86 23,203.26
3/6/98 1704 Cohen, George Net Pay 755.47 23,958.73
3/6/98 1705 Epstein, Steven Net Pay 1,254.73 25,213.46
3/6/98 1706 Colyer, William Net Pay 108.16 25,321.62
3/6/98 1707 Cowan, Robert Net Pay 280.85 25,602.47
3/6/98 1708 Jay, Adam Net Pay 805.85 26,408.32
3/6/98 1709 Lively, Marie Net Pay 201.32 26,609.64
3/6/98 1710 Patierno, Joe Net Pay 454.76 27,064.40
3/6/98 1711 Pettineo, John Net Pay 488.60 27,553.00
3/6/98 1712 Sicuro, Alejandro Net Pay 85.04 27,638.04
3/6/98 1713 Whitten, Jillian Net Pay 315.95 27,953.99
3/6/98 1714 Carpenter, Jerome Net Pay 1,025.94 28,979.93
3/6/98 1715 Starr, Stuart Net Pay 1,068.74 30,048.67
3/6/98 1716 Pastrana, Miguel Net Pay 262.96 30,311.63
3/6/98 1717 Pavetti, Carlos Net Pay 294.33 30,605.96
3/6/98 1718 Rodriguez, Isvel Net Pay 404.96 31,010.92
3/6/98 1719 Rutter, Kenneth Net Pay 1,358.52 32,369.44
3/6/98 1720 Park, Steven Net Pay 1,140.76 33,510.20
3/6/98 1721 Sordelet, Claude Net Pay 693.49 34,203.69
3/6/98 1722 Bruno, Robert Net Pay 412.55 34,616.24
3/6/98 1723 Killoran, Kerin Net Pay 238.54 34,854.78
3/6/98 1724 Yacobozzi, Anthony Net Pay 324.16 35,178.94
3/6/98 1725 Cullen, Jennifer Net Pay 784.09 35,963.03
</TABLE>
Page 21 of 26
<PAGE> 22
<TABLE>
<S> <C> <C> <C> <C> <C>
3/6/98 1726 Grandy, John Net Pay 1,375.50 37,338.53
3/6/98 1727 Miller, Larry Net Pay 879.43 38,217.96
3/6/98 1728 Rothman, Nathan Net Pay 1,164.52 39,382.48
3/6/98 1729 Tovar, Anthony Net Pay 1,232.02 40,614.50
3/6/98 1730 Avarez, Rubin Net Pay 498.01 41,112.51
3/6/98 1731 Sorell, George Net Pay 101.93 41,214.44
3/6/98 1732 Lossia, Karen Net Pay 758.16 41,972.60
3/6/98 1733 Bryan, Melanie Net Pay 1,098.07 43,070.67
3/6/98 1734 Castellanos, Lena Net Pay 464.66 43,535.33
3/6/98 1735 Garrepy, Richard Net Pay 404.83 43,940.16
3/6/98 1736 Silverman, Patricia Net Pay 1,009.73 44,949.89
3/6/98 Debit ADP Fees Payroll Fees 70.36 45,020.25
3/6/98 Debit ADP Taxes Payroll Taxes 17,581.89 62,602.14
3/20/98 Debit ADP Taxes Payroll Taxes 16,576.90 79,179.04
3/20/98 1737 Fishman, Marc Net Pay 2,465.53 81,644.57
3/20/98 1738 Hicks, Thomas Net Pay 4,996.23 86,640.80
3/20/98 1739 Killoran, Kevin Net Pay 1,647.32 88,288.12
3/20/98 1740 Ainsworth, Charles Net Pay 1,858.30 90,146.42
3/20/98 1741 Hersh, Jason Net Pay 662.05 90,808.47
3/20/98 1742 Bolden, Maria Net Pay 884.42 91,692.89
3/20/98 1743 Chalfant, Christopher Net Pay 3,103.53 94,796.42
3/20/98 1744 Kinsey, Jeanine Net Pay 836.20 95,632.62
3/20/98 1745 Schmidt, Christine Net Pay 92.35 95,724.97
3/20/98 1746 Hernandez, Zara Net Pay 876.43 96,601.40
3/20/98 1747 Kinsey, Matthew Net Pay 1,371.85 97,973.25
3/20/98 1748 Smith, Donald Net Pay 1,663.88 99,637.13
3/20/98 1749 Cohen, George Net Pay 1,309.37 100,946.50
3/20/98 1750 Epstein, Steven Net Pay 1,258.59 102,205.09
3/20/98 1751 Colyer, William Net Pay 103.44 102,308.53
3/20/98 1752 Cowan, Robert Net Pay 322.96 102,631.49
3/20/98 1753 Jay, Adam Net Pay 919.26 103,550.75
3/20/98 1754 Lively, Marie Net Pay 250.90 103,801.65
3/20/98 1755 Patierno, Joe Net Pay 258.18 104,059.83
3/20/98 1756 Pettineo, John Net Pay 399.12 104,458.95
3/20/98 1757 Sicuro, Alejandro Net Pay 87.21 104,546.16
3/20/98 1758 Whitten, Jillian Net Pay 247.82 104,793.98
3/20/98 1759 Pastrana, Miguel Net Pay 237.03 105,031.01
3/20/98 1760 Pavetti, Carlos Net Pay 216.24 105,247.25
3/20/98 1761 Rodriguez, Isvel Net Pay 325.46 105,572.71
3/20/98 1762 Rutter, Kenneth Net Pay 1,118.07 106,690.78
3/20/98 1763 Park, Steven Net Pay 1,140.76 107,831.54
3/20/98 1764 Sordelet, Claude Net Pay 681.88 108,513.42
3/20/98 1765 Bruno, Robert Net Pay 325.28 108,838.70
3/20/98 1766 Killoran, Kerin Net Pay 237.66 109,076.36
3/20/98 1767 Yacobozzi, Anthony Net Pay 347.90 109,424.26
3/20/98 1768 Cullen, Jennifer Net Pay 936.68 110,360.94
3/20/98 1769 Carpenter, Jerome Net Pay 1,038.82 111,399.76
3/20/98 1770 Grandy, John Net Pay 1,410.31 112,810.07
3/20/98 1771 Miller, Larry Net Pay 668.22 113,478.29
3/20/98 1772 Rothman, Nathan Net Pay 1,164.52 114,642.81
3/20/98 1773 Tovar, Anthony Net Pay 889.40 115,532.21
3/20/98 1774 Avarez, Rubin Net Pay 716.48 116,248.69
</TABLE>
Page 22 of 26
<PAGE> 23
<TABLE>
<S> <C> <C> <C> <C> <C>
3/20/98 1775 Sorell, George Net Pay 381.92 116,630.61
3/20/98 1776 Lossia, Karen Net Pay 374.79 117,005.40
3/20/98 1777 Bryan, Melanie Net Pay 1,094.20 118,099.60
3/20/98 1778 Starr, Stuart Net Pay 1,045.55 119,145.15
3/20/98 1779 Castellanos, Lena Net Pay 513.90 119,659.05
3/20/98 1780 Garrepy, Richard Net Pay 517.29 120,176.34
3/20/98 1781 Silverman, Patricia Net Pay 1,265.57 121,441.91
3/20/98 Debit ADP Fees Payroll Fees 68.85 121,510.76
3/24/98 Deposit ADP Taxes Deposit (2,062.09) 119,448.67
3/27/98 Debit ADP Fees Payroll Fees 6.00 119,454.67
4/3/98 1782 Fishman, Marc Net Pay 2,465.55 121,920.22
4/3/98 1783 Hicks, Thomas Net Pay 4,996.22 126,916.44
4/3/98 1784 Killoran, Kevin Net Pay 1,647.31 128,563.75
4/3/98 1785 Ainsworth, Charles Net Pay 1,858.29 130,422.04
4/3/98 1786 Hersh, Jason Net Pay 662.04 131,084.08
4/3/98 1787 Rothman, Nathan Net Pay 1,164.52 132,248.60
4/3/98 1788 Bolden, Mariea Net Pay 915.57 133,164.17
4/3/98 1789 Chalfant, Chip Net Pay 3,280.50 136,444.67
4/3/98 1790 Kinsey, Jeanine Net Pay 836.19 137,280.86
4/3/98 1791 Schmidt, Christine Net Pay 69.26 137,350.12
4/3/98 1792 Hernandez, Zara Net Pay 876.43 138,226.55
4/3/98 1793 Kinsey, Matthew Net Pay 1,371.86 139,598.41
4/3/98 1794 Smith, Donald Net Pay 1,663.87 141,262.28
4/3/98 1795 Cohen, George Net Pay 755.47 142,017.75
4/3/98 1796 Epstein, Steven Net Pay 1,243.13 143,260.88
4/3/98 1797 Colyer, William Net Pay 34.45 143,295.33
4/3/98 1798 Cowan, Robert Net Pay 193.24 143,488.57
4/3/98 1799 Jay, Adam Net Pay 738.33 144,226.90
4/3/98 1800 Lively, Marie Net Pay 290.37 144,517.27
4/3/98 1801 Patierno, Joe Net Pay 535.80 145,053.07
4/3/98 1802 Pettineo, John Net Pay 341.76 145,394.83
4/3/98 1803 Sicuro, Alejandro Net Pay 158.81 145,553.64
4/3/98 1804 Whitten, Jillian Net Pay 197.22 145,750.86
4/3/98 1805 Park, Steven Net Pay 1,140.77 146,891.63
4/3/98 1806 Sordolet, Claude Net Pay 681.89 147,573.52
4/3/98 1807 Bruno, Robert Net Pay 452.01 148,025.53
4/3/98 1808 Killoran, Kerin Net Pay 81.67 148,107.20
4/3/98 1809 Yacobozzi, Anthony Net Pay 493.93 148,601.13
4/3/98 1810 Cullen, Jennifer Net Pay 862.81 149,463.94
4/3/98 1811 Carpenter, Jerome Net Pay 1,025.93 150,489.87
4/3/98 1812 Grandy, John Net Pay 1,371.64 151,861.51
4/3/98 1813 Avarez, Rubin Net Pay 934.18 152,795.69
4/3/98 1814 Sorell, George Net Pay 313.87 153,109.56
4/3/98 1815 Rutter, Kenneth Net Pay 1,092.19 154,201.75
4/3/98 1816 Bryan, Melanie Net Pay 1,094.22 155,295.97
4/3/98 1817 Starr, Stuart Net Pay 1,045.54 156,341.51
4/3/98 1818 Castellanos, Lena Net Pay 574.06 156,915.57
4/3/98 1819 Garepy, Richard Net Pay 595.95 157,511.52
4/3/98 1820 Silverman, Patricia Net Pay 1,642.52 159,154.04
4/3/98 Debit ADP Taxes Payroll Taxes 15,537.57 174,691.61
174,691.61
</TABLE>
Page 23 of 26
<PAGE> 24
ATTACHMENT #6
MONTHLY TAX REPORT
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
TAXES PAID DURING THE MONTH (PERIOD)
Report all post-petition taxes paid directly or deposited into the tax account.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------
Date Bank or Payee Description Amount
- ----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
3/6/98 IRS and Fla Dept of Rev PR taxes deposited by ADP $17,581.89
3/20/98 Florida Department of Revenue Consolidated Sales Tax Return for January, 1998 12,186.79
3/6/98 Florida Department of Revenue Florida Intangibles Tax for 1998 693.09
3/20/98 IRS and Fla Dept of Rev PR taxes deposited by ADP 16,576.90
4/3/98 IRS and Fla Dept of Rev PR taxes deposited by ADP 15,537.57
$62,576.24
</TABLE>
TAXES OWED AND DUE
Report all unpaid post-petition taxes including Federal and State withholding
FICA, State sales tax, property tax, unemployment tax, and State workmen's
compensation. Date last tax return filed:
See Above
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
Name of Taxing Date Pmt.
Authority Due Description Amount
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Florida Department of Revenue 4/20/98 Consolidated Sales Tax Return for March, 1998 $16,600.53
</TABLE>
Page 24 of 26
<PAGE> 25
ATTACHMENT #7
SUMMARY OF OFFICER OR OWNER COMPENSATION
SUMMARY OF PERSONNEL AND INSURANCE COVERAGES
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning March 1, 1998 and Ending April 4, 1998 (4-4-98 fiscal
month end per books)
Report all compensation received during the period. Do not include reimbursement
for expenses incurred for which you have receipts.
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------
Amount
Officer or Owner Name Title Paid
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C>
Thomas H. Hicks (6 weeks pay in fiscal period) CEO COO and CFO 19,110.00
Kevin Killoran (6 weeks pay in fiscal period) Secretary 6,924.00
</TABLE>
PERSONNEL REPORT
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------
Store Corporate Total
-------------------- ---------------------
Full Time Part Time Full Time Part Time
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Number of Employees at Beginning of Period 26 10 12 1 49
Number Hired during Period -- --
Number Terminated or Resigned during Period 12 1 2 -- 15
-------------------------------------------------
Number of Employees on payroll at end of Period 14 9 10 1 34
=================================================
</TABLE>
CONFIRMATION OF INSURANCE
List all policies of insurance in effect, including but not limited to worker's
compensation, liability, fire, theft, comprehensive, vehicle, health and life.
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Agent & Policy Type of Expiry Premium
Carrier Phone # Number Coverage Date Due Date
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Agricultural Excess & Surplus Kahn-Carlin & Company, Inc. NSP2108136 Directors & Officers Liability 5/9/98 Paid
Roy Fabry
Telephone (954) 767-6066
Reliance Insurance Company Kahn-Carlin & Company, Inc. QB8615829 Commercial Application, 10/9/98 Monthly
Property, General Liability,
Business Auto, Garage & Dealers,
Crime, Umbrella
Kemper-American Motorists Ins. Kahn-Carlin & Company, Inc. 3BG01594400 Workers Compensation 10/9/98 Monthly
CAN Kahn-Carlin & Company, Inc. 0000685C Employment Related Prac Liab 9/11/98 Paid
Humana, Inc. Humana, Inc. Group #133739 Employee Health and Life 9/30/98 Monthly
Stacey Granger
Phone (800) 442-5555
</TABLE>
Page 25 of 26
<PAGE> 26
ATTACHMENT #8
SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD
For the Period Beginning March 1, 1998 and Ending April 4, 1998
(4-4-98 fiscal month end per books)
1. Closed one additional store, leaving 4 remaining stores open as of April 4,
1998.
2. Paid the Debtor-In-Possession loan, including accrued interest, on March 30,
1998.
We anticipate filing a Plan of Reorganization and Disclosure Statement on or
before:
EXCLUSIVITY PERIOD ENDS MAY 12, 1998.
Page 26 of 26
|
|