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Previous: IMPERIAL PETROLEUM RECOVERY CORP, SC 13D/A, 1998-03-23 |
Next: PLYMOUTH COMMERCIAL MORTGAGE FUND, 10-K, 1998-03-23 |
<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) March 20, 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 file number) (I.R.S. Employer 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 March 20, 1998, 2Connect Express, Inc. filed with the United States
Bankruptcy Court the Debtor's Monthly Financial Report (Business) for the period
from February 1, 1998 to February 28, 1998. A copy of this Report is filed as
Exhibit A hereto.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
Exhibit 99. Debtor's Monthly Financial Report (Business) For The
Period From February 1, 1998 to February 28, 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: March 20, 1998 /s/ Thomas H. Hicks
------------------------------
Thomas H. Hicks, President and
Chief Executive Officer
<PAGE> 4
EXHIBIT INDEX
Exhibit Number Description Sequentially Numbered Page
- -------------- ----------- --------------------------
99 Debtor's Monthly Financial Report 5
for the period from February 1, 1998
to February 28, 1998
<PAGE> 1
Exhibit 99
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 February 1, 1998 TO February 28, 1998
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 28
<PAGE> 2
MONTHLY FINANCIAL REPORT FOR BUSINESS
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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 209,343.81 106,714.48
2. Receipts:
A. Cash and Credit Card Sales 194,909.16 365,150.03
Less: Cash and Credit Card Refund (1,160.84) (1,333.83)
Net Cash and Credit Card Sales 193,748.32 363,816.20
B. Collection in Post-petition A/R 68,452.91 68,727.58
C. Collection on Pre-petition A/R 189,032.51 241,264.82
D. Other Receipts (Schedule 2A) 20,022.87 25,472.83
E. Deposits From Account Sweeps 486,521.46 995,793.08
F. Less Disbursement Sweeps (486,521.46) (994,950.49)
3. Total Receipts 471,256.61 700,124.02
4. Total Cash Available for Operations(1+3) 680,600.42 806,838.50
5. Disbursements:
A. U.S. Trustee Quarterly Fees -- --
B. Net Payroll 102,852.54 132,440.67
C. Payroll Taxes Paid 42,417.99 50,513.32
D. Sales and Use Taxes 10,974.43 10,974.43
E. Other Taxes -- --
F. Rent 42,388.47 59,513.08
G. Other Leases (attachment 3) 13,310.99 13,310.99
H. Telephone 8,457.78 8,457.78
I. Utilities 7,466.14 7,633.41
J. Travel and Entertainment 7,473.56 12,792.74
K. Vehicle Expenses -- --
L. Office Supplies 1,987.02 2,193.72
M. Advertising 7,201.00 7,551.00
N. Insurance (attachment 7) 9,921.97 9,921.97
O. Purchases of Fixed Assets -- --
P. Purchases of Inventory 51,714.27 71,975.27
Q. Manufacturing Supplies -- --
R. Repairs and Maintenance 1,028.41 1,028.41
S. Payments to Secured Creditors -- --
T. Other Operating Expenses(Schedule 2B) (4,444.97) 40,680.89
6. Total Cash Disbursements 302,749.60 428,987.68
7. Ending Cash Balance (4-6) 377,850.82 377,850.82
</TABLE>
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 March, 1998. Signed: /s/ Thomas H. Hicks
-----------------------------------------
Thomas H. Hicks, CEO, CFO
Page 2 of 28
<PAGE> 3
Monthly Financial Report for Business
For the Period Beginning February 1, 1998 and Ending February 28, 1998
Other Receipts Detail
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
Account Date Check # Payee Purpose Withdrawal Deposit
DIP OP 2/27/98 Debit First Union Interest Interest 43.32 43.32
DIP OP 2/2/98 Deposit First Union Interest Interest 89.48 132.80
DIP OP 2/3/98 Deposit First Union Interest Interest 32.48 165.28
DIP OP 2/5/98 Deposit First Union Interest Interest 30.43 195.71
DIP OP 2/9/98 Deposit First Union Interest Interest 77.21 272.92
DIP OP 2/10/98 Deposit First Union Interest Interest 44.25 317.17
DIP OP 2/11/98 Deposit First Union Interest Interest 45.63 362.80
DIP OP 2/12/98 Deposit First Union Interest Interest 44.99 407.79
DIP OP 2/13/98 Deposit First Union Interest Interest 44.50 452.29
DIP OP 2/17/98 Deposit First Union Interest Interest 180.97 633.26
DIP OP 2/18/98 Deposit First Union Interest Interest 46.89 680.15
DIP OP 2/19/98 Deposit First Union Interest Interest 44.62 724.77
DIP OP 2/20/98 Deposit First Union Interest Interest 43.51 768.28
DIP OP 2/23/98 Deposit First Union Interest Interest 127.24 895.52
DIP OP 2/24/98 Deposit First Union Interest Interest 43.13 938.65
DIP OP 2/25/98 Deposit First Union Interest Interest 41.41 980.06
DIP OP 2/26/98 Deposit First Union Interest Interest 42.85 1,022.91
DIP OP 2/4/98 Deposit First Union Interest 2/4/98 Interest 31.89 1,054.80
DIP OP 2/6/98 Deposit First Union Interest 2/6/98 Interest 29.33 1,084.13
DIP OP 2/4/98 Deposit Deposit Cobra 210.29 1,294.42
DIP OP 2/9/98 Deposit Florida Power & Light Deposit Refund 483.00 1,777.42
DIP OP 2/20/98 Deposit Dade County Deposit Refund Deposit Refund 54.54 1,831.96
DIP OP 2/20/98 Deposit Florida Power & Light Deposit Refund 2,098.84 3,930.80
DIP OP 2/25/98 Deposit Florida Power & Light Deposit Refund 449.47 4,380.27
DIP OP 2/4/98 Deposit Deposit Equipment Sales 1,626.25 6,006.52
DIP OP 2/4/98 Deposit Proof Correction Equipment Sales 105.00 6,111.52
DIP OP 2/9/98 Deposit Deposit Equipment Sales 289.05 6,400.57
DIP OP 2/12/98 Deposit Deposit Equipment Sales 715.90 7,116.47
DIP OP 2/20/98 Deposit Deposit Equipment Sales 4,666.00 11,782.47
DIP OP 2/25/98 Deposit Deposit Equipment Sales 1,040.79 12,823.26
DIP OP 2/4/98 Deposit Deposit Inventory Sales 6,790.00 19,613.26
DIP OP 2/9/98 Deposit Telecheck NSF Check Refund 409.61 20,022.87
Other Receipts Total 20,022.87
</TABLE>
Note A - Miscellaneous recoveries of closed office equipment sold to customers
in lieu of disposal or storage.
Page 3 of 28
<PAGE> 4
Monthly Financial Report for Business
For the Period Beginning February 1, 1998 and Ending February 28, 1998
Other Operating Expenses Detail
<TABLE>
<CAPTION>
Account Date Check # Payee Purpose Withdrawal Deposit
- ------- ---- ------- ----- ------- ---------- -------
<S> <C> <C> <C> <C> <C>
DIP OP 2/5/98 Debit Merchant Discount bank fees 1,375.04
DIP OP 2/5/98 Debit Merchant Fee bank fees 39.36
DIP OP 2/5/98 Debit Merchant Fee bank fees 26.84
DIP OP 2/5/98 Debit Merchant Fee bank fees 15.00
DIP OP 2/5/98 Debit Merchant Fee bank fees 3.50
DIP OP 2/5/98 Debit Merchant Interchange bank fees 14.72
DIP OP 2/5/98 Debit Novus Monthly Settlement bank fees 63.65
DIP OP 2/11/98 Debit AA Service Charge 2/11/98 bank fees 455.63
DIP OP 2/19/98 Debit Telecheck bank fees 970.73
DIP OP 2/20/98 012473 Telecheck bank fees 628.06
DIP OP 2/22/98 012473 Telecheck bank fees (628.06)
DIP OP 2/13/98 012437 Roy Fuller Cellular Installs 240.00
DIP OP 2/2/98 012363 Advanced Technology Solutions Consulting 1,870.00
DIP OP 2/13/98 012438 National Electronics Waranty Customer Warranties 367.10
DIP OP 2/2/98 012365 Federal Express Corporation Freight 103.50
DIP OP 2/13/98 012420 Dependable Courier Freight 201.15
DIP OP 2/13/98 012421 Federal Express Corporation Freight 227.45
DIP OP 2/13/98 012428 United Parcel Service Freight 672.14
DIP OP 2/13/98 012432 CGI-Ft. Lauderdale Freight 340.10
DIP OP 2/20/98 012476 CGI-Ft. Lauderdale Freight 130.65
DIP OP 2/20/98 012474 Washington Inventory Service Inventory Count 2,232.49
DIP OP 2/13/98 012423 IRA/KEOGH Services Co. Investor Relations 52.92
DIP OP 2/13/98 012443 Dade County Clerk Licenses 50.00
DIP OP 2/25/98 012488 City of Hollywood Alarms Licenses 25.16
DIP OP 2/25/98 012489 City of Plantation (licenses) Licenses 89.93
DIP OP 2/25/98 012490 City of Plantation (licenses) Licenses 120.00
DIP OP 2/25/98 012491 Secretary of State Licenses 100.00
pay 2/28/98 Adj. Balance Adj. misc. (0.12)
OP 2/28/98 Balance Adj. misc. 0.02
DIP Pay 2/6/98 Debit ADP Fees Payroll fees 62.62
DIP Pay 2/20/98 Debit ADP Fees Payroll fees 1,332.20
DIP Pay 2/20/98 Debit ADP Fees Payroll fees 70.86
DIP Pay 2/27/98 Debit ADP Fees Payroll fees 6.00
DIP OP 2/20/98 012469 Bowne of Atlanta Printing 377.36
DIP OP 2/13/98 012426 Professional Resources Recruitment 1,500.00
DIP OP 2/20/98 012472 Professional Resources Recruitment 1,500.00
DIP OP 2/13/98 012400 Wilma Browning Refund 296.79
DIP OP 2/13/98 012400 Wilma Browning Refund (296.79)
DIP OP 2/13/98 012401 Anne Callace Refund 53.00
DIP OP 2/13/98 012402 Nancy Cresswell Refund 39.97
DIP OP 2/13/98 012403 GLM, Inc. Refund 105.99
DIP OP 2/13/98 012404 Sean Hilzen Refund 211.99
DIP OP 2/13/98 012405 Robert Hopp Refund 63.59
DIP OP 2/13/98 012406 Justin Klosky Refund 190.79
DIP OP 2/13/98 012407 Martin Rubenstein Refund 21.20
DIP OP 2/13/98 012408 Kathy Showah Refund 84.79
DIP OP 2/13/98 012409 George A. Violante Refund 158.99
DIP OP 2/13/98 012410 Rebecca Zuniga Refund 105.99
DIP OP 2/13/98 012411 John Bell Refund 158.99
</TABLE>
Page 4 of 28
<PAGE> 5
<TABLE>
<S> <C> <C> <C> <C> <C>
DIP OP 2/13/98 012412 Binoy Jacobs Refund 165.34
DIP OP 2/13/98 012413 Vincent Delbuono Refund 21.19
DIP OP 2/13/98 012414 Sheila Ala Refund 63.59
DIP OP 2/13/98 012415 Post & Post Refund 476.97
DIP OP 2/16/98 012451 William Browning Refund 296.79
DIP OP 2/20/98 012461 Alan Cablas Refund 190.79
DIP OP 2/20/98 012462 Ibrahim El Mamound Refund 180.20
DIP OP 2/20/98 012463 Debi Morales Refund 95.39
DIP OP 2/20/98 012464 Sherman Smith Refund 116.59
DIP OP 2/20/98 012465 Tanci Issa Refund 293.35
DIP OP 2/20/98 012466 Shane Laramore Refund 158.99
DIP OP 2/20/98 012467 Colleen Avery Refund 158.99
DIP OP 2/27/98 012503 Karl Y. Cornileus Refund 180.18
DIP OP 2/2/98 012364 Cambridge Technology Partners Training 1,800.00
DIP OP 2/13/98 012440 TeleData Concepts Training 4,000.00
DIP OP 2/13/98 012417 American Stock Transfer Co. Transfer Agent 822.58
pay 2/28/98 94 Phil Jaffee D/S 1 Void Pre-petition check (804.90)
pay 2/28/98 103 John Toban D/S Void Pre-petition check (790.36)
pay 2/28/98 194 John Toban D/S Void Pre-petition check (245.71)
pay 2/28/98 195 Guillermo Ulmos D/S Void Pre-petition check (203.56)
pay 2/28/98 295 Angela Quinton #3 Void Pre-petition check (60.98)
pay 2/28/98 389 Oomer Mufty #8 Void Pre-petition check (77.57)
op 2/28/98 1002 The Miami Herald Void Pre-petition check (1,804.32)
pay 2/28/98 1028 William Gardner #8 Void Pre-petition check (234.96)
pay 2/28/98 1413 John Burch #1 Void Pre-petition check (46.55)
pay 2/28/98 1512 Dennis Jackson #11 Void Pre-petition check (157.84)
op 2/28/98 1553 Discount Party Warehouse Void Pre-petition check (200.00)
op 2/28/98 10154 Greater Miami Chamber of Commerce Void Pre-petition check (375.00)
op 2/28/98 010740 Chiswick Void Pre-petition check (136.80)
op 2/28/98 011284 Miami Dade Water Void Pre-petition check (82.13)
op 2/28/98 011306 Arlene Sperling Void Pre-petition check (171.00)
op 2/28/98 011430 Ernst, Young Void Pre-petition check (1,350.00)
op 2/28/98 011656 Carleen Lenner Void Pre-petition check (43.04)
op 2/28/98 011701 Office Depot Void Pre-petition check (369.20)
op 2/28/98 011771 Collins Signs Void Pre-petition check (15,609.06)
op 2/28/98 011905 3COM Credit Corporation Void Pre-petition check (1,494.39)
op 2/28/98 011906 3COM Credit Corporation Void Pre-petition check (4,407.72)
op 2/28/98 011945 Phil Neils Void Pre-petition check (12.00)
op 2/28/98 012043 Store 8 Petty Cash Void Pre-petition check (61.35)
op 2/28/98 012064 Dennis Jackson Void Pre-petition check (75.60)
op 2/28/98 012143 Store 5 Petty Cash Void Pre-petition check (126.78)
op 2/28/98 012144 Store 6 Petty Cash Void Pre-petition check (31.90)
op 2/28/98 012150 Frederica Blank Void Pre-petition check (31.79)
op 2/28/98 012154 Jefory Burk Void Pre-petition check (127.19)
op 2/28/98 012163 Marcus Ellner Void Pre-petition check (129.99)
op 2/28/98 012166 State of Florida Void Pre-petition check (150.00)
op 2/28/98 012178 Jerry Khouly Void Pre-petition check (127.79)
op 2/28/98 012181 Diana Mercer Void Pre-petition check (160.79)
op 2/28/98 012194 Gary Vuong Void Pre-petition check (105.99)
op 2/28/98 Deposit Bedrace void Pre-petition deposit error 21.28
op 2/28/98 Deposit Trade Show void Pre-petition deposit error 487.78
Total Other Operating Expenses (4,444.97)
</TABLE>
Page 5 of 28
<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 February 1, 1998 and Ending February 28, 1998
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):
Beginning of Month Balance: $ 370,295.78
Plus: Current Month New Billings: 62,562.38
Less: Collections During Month: (257,485.42)
---------------
End of Month Balance: $ 175,372.74
===============
Aging: (show the total amount for each age group of accounts incurred since
filing the petition)
0-30 days 31-60 days 61-90 days less than 90 days Total
SEE ATTACHED DETAIL
Page 6 of 28
<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 5,435.50 773.90 940.90 1,910.40 1,810.30
Bell South Mobility-Commission 58,570.00 42,220.00 16,350.00
Nextel-Commission 1,895.84 1,895.84
-------------- ------------- ------------- ------------- -------------
Subtotal 65,901.34 44,889.74 17,290.90 1,910.40 1,810.30
-------------- ------------- ------------- ------------- -------------
A/R - In-House
Bell South Mobility --
BFI Waste Management 642.29 642.29
Data Base Tech (142.75) (142.75)
Florida Gaming International 101.18 101.18
Ian Gardner I.T.I 128.07 128.07
Channel 4 (WFOR) --
School Board of Dade County 10,605.00 855.00 2,513.59 7,236.41
GMAC Mortgage 440.96 440.96
Catalina Lighting, Hersh Robert --
Jaguar Security Corporation 385.00 385.00
Medical Research Industries 63.59 63.59
Edward Shane 720.00 720.00
Stern, Agee, & Leach 15,000.00 15,000.00
Walt Disney 3,352.75 1,971.58 1,381.17
Year Import 180.00 180.00
-------------- ------------- ------------- ------------- -------------
Subtotal 31,476.09 0.00 2,826.58 17,513.59 11,135.92
-------------- ------------- ------------- ------------- -------------
A/R - Trade Ins
Beeper to Go - Trade Ins 2,987.00 640.00 740.00 1,600.00 7.00
Bell South Mobility-Trade Ins 30.00 -- -- -- 30.00
-------------- ------------- ------------- ------------- -------------
Subtotal 3,017.00 640.00 740.00 1,600.00 37.00
-------------- ------------- ------------- ------------- -------------
A/R - Web Page/Hosting
Decorator Fabrics Inc 549.00 549.00
Lady of America 50.00 50.00
Mextone Corporation --
Quick Sign of Miami 417.50 417.50
Sunshine Farm Poultry Inc 150.00 150.00
-------------- ------------- ------------- ------------- -------------
Subtotal 1,166.50 0.00 0.00 0.00 1,166.50
-------------- ------------- ------------- ------------- -------------
A/R - Activation
Bell South Mobility - Activation 4,250.00 4,250.00
PrimeCo - Activation (1,350.00) 2,900.00 1,075.00 10,775.00 (16,100.00)
Sprint - Activation 27,685.00 2,905.00 1,995.00 4,165.00 18,620.00
-------------- ------------- ------------- ------------- -------------
Subtotal 30,585.00 10,055.00 3,070.00 14,940.00 2,520.00
-------------- ------------- ------------- ------------- -------------
A/R - Coop Advertising
Astra - Coop 72.00 72.00
Beeper to Go-Coop 107.00 107.00
Casio- Coop 45.00 45.00
Cell Star -Coop 13,127.00 99.00 945.00 12,083.00
Ericcson - Coop 668.00 668.00
Go-Neo Coop 32.00 32.00
Intelidata Coop 68.00 68.00
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 2,586.00 5,473.00
-------------- ------------- ------------- ------------- -------------
Subtotal 24,158.00 0.00 421.00 5,513.00 18,224.00
-------------- ------------- ------------- ------------- -------------
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
-------------- ------------- ------------- ------------- -------------
</TABLE>
Page 7 of 28
<PAGE> 8
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C>
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 2,362.00 360.00
Panasonic Rebate 97.00 97.00
Recoton Rebate 169.30 25.00 144.00 0.30
-------------- ------------- ------------- ------------- -------------
Subtotal 3,237.30 0.00 274.00 2,603.00 360.30
-------------- ------------- ------------- ------------- -------------
A/R - Residuals
Bell South Mobility Residuals (879.60) (879.60)
Icanect Residual 390.00 105.00 82.00 203.00
PrimeCo Residual 1,586.00 480.00 496.00 305.00 305.00
Trescom Residual 603.97 644.00 (40.03)
World Comm Residual 271.42 110.00 140.00 21.42
-------------- ------------- ------------- ------------- -------------
Subtotal 1,971.79 354.40 741.00 368.39 508.00
-------------- ------------- ------------- ------------- -------------
Grand Total Accounts Receivable, net $ 175,372.74 $ 55,939.14 $ 25,363.48 $ 42,308.38 $ 51,761.74
============== ============= ============= ============= =============
</TABLE>
Page 8 of 28
<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 February 1, 1998 and Ending February 28, 1998
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.
- --------------------------------------------------------------------------------
Date Days
Incurred Outstanding Vendor Description Amount
- --------------------------------------------------------------------------------
See Attached Schedule: "Period Cutoff Aged AP - Historical Detail Aged by
Due Date"
ACCOUNTS PAYABLE RECONCILIATION (Post Petition Only):
Opening Balance (total from prior report) $ 44,556.94
Plus: New Indebtedness Incurred This Month 201,475.31
Less: Amount Paid on Total Accounts Payable 198,958.03
--------------
Ending Month Balance $ 47,074.22
==============
SECURED: List status of payments to Secured Creditors and Lessors
(Post-Petition Only):
- --------------------------------------------------------------------------------
Secured Date Number of Post Total Amount of
Creditor/ Payment Payment Petition Payments Post-petition
Lessor Due Amount Delinquent Payments Delinquent
- --------------------------------------------------------------------------------
None
Page 9 of 28
<PAGE> 10
<TABLE>
<CAPTION>
Date 03/16/98 11:00 am 2Connect Express, Inc. Page 1
02-99-176 Period Cutoff Aged AP (03.681. - Historical Detail Aged by Due Date
Period: 01-99 Aging Date: 02/28/98 Rept 03.681
Vendor/ Name/ Vendor Status/ Disc Due Pay
Doc Type Ref Nbr/Inv Nbr Inv Date Doc Status Date Date Date
<S> <C> <C> <C> <C> <C> <C> <C> <C>
2000AINSWO Chuck Ainsworth O VO 004470 030298 2/28/98 A 2/28/98 2/28/98 2/28/98
Vendor Total
2000GRANDY John Grandy O VO 004523 022898 2/28/98 A 2/28/98 2/28/98 2/28/98
Vendor Total
2000HICKST Thomas H. Hicks O VO 004471 022798 2/27/98 A 2/27/98 2/27/98 2/27/98
O VO 004472 022798 2/27/98 A 2/27/98 2/27/98 2/27/98
Vendor Total
2000KILLOR Kevin Killoran O VO 004555 022898 2/28/98 A 2/28/98 2/28/98 2/28/98
Vendor Total
2000KINSEY Matthew A. Kinsey O VO 004540 022898 2/28/98 A 2/28/98 2/28/98 2/28/98
Vendor Total
3001BROWNA Arlene K. Brown O VO 004552 022398 2/23/98 A 2/23/98 2/23/98 2/23/98
Vendor Total
3001KOHNMI Mindy Kohn O VO 004553 022498 2/24/98 A 2/24/98 2/24/98 2/24/98
Vendor Total
5000AACORN A Acorn Locksmith O VO 004299 98020201 2/2/98 A 2/2/98 3/4/98 3/4/98
Vendor Total
5000ALMATF Almat Forms & Systems, Inc. O VO 004236 2094 1/29/98 A 1/29/98 2/28/98 2/28/98
Vendor Total
5000AQUASP Aqua Springs Water O VO 004556 102214 2/28/98 A 2/28/98 2/28/98 2/28/98
Vendor Total
5000BELLMO BellSouth Mobility O VO 004405 954-261-7969 2/6/98 A 2/6/98 3/2/98 3/2/98
Vendor Total
5000CITYFI City Fire Equipment O VO 004524 45088 2/27/98 A 2/27/98 3/9/98 3/9/98
Vendor Total
5000DARLIN Darling Visual Systems O VO 004239 3715 1/30/98 A 1/30/98 3/1/98 3/1/98
Vendor Total
5000DEPEND Dependable Courier O VO 004175 429 1/31/98 A 1/31/98 3/2/98 3/2/98
O VO 004176 430 1/31/98 A 1/31/98 3/2/98 3/2/98
O VO 004177 431 1/31/98 A 1/31/98 3/2/98 3/2/98
O VO 004178 432 1/31/98 A 1/31/98 3/2/98 3/2/98
O VO 004179 433 1/31/98 A 1/31/98 3/2/98 3/2/98
O VO 004180 434 1/31/98 A 1/31/98 3/2/98 3/2/98
O VO 004181 435 1/31/98 A 1/31/98 3/2/98 3/2/98
O VO 004343 444 2/15/98 A 2/15/98 3/17/98 3/17/98
O VO 004344 445 2/15/98 A 2/15/98 3/17/98 3/17/98
O VO 004345 446 2/15/98 A 2/15/98 3/17/98 3/17/98
O VO 004346 447 2/15/98 A 2/15/98 3/17/98 3/17/98
O VO 004347 448 2/15/98 A 2/15/98 3/17/98 3/17/98
O VO 004348 449 2/15/98 A 2/15/98 3/17/98 3/17/98
O VO 004517 463 2/28/98 A 2/28/98 3/30/98 3/30/98
O VO 004518 462 2/28/98 A 2/28/98 3/30/98 3/30/98
O VO 004519 461 2/28/98 A 2/28/98 3/30/98 3/30/98
O VO 004520 460 2/28/98 A 2/28/98 3/30/98 3/30/98
O VO 004521 459 2/28/98 A 2/28/98 3/30/98 3/30/98
O VO 004522 458 2/28/98 A 2/28/98 3/30/98 3/30/98
Vendor Total
5000FEDEX Federal Express Corporation O VO 004547 444199522 2/27/98 A 2/27/98 3/14/98 3/14/98
Vendor Total
5000FRANKL Franklin's Printing O VO 004502 112-S3757 2/28/98 A 2/28/98 2/28/98 2/28/98
Vendor Total
5000HANCOC Hancock Moving & Storage O VO 004459 022898 2/28/98 A 2/28/98 2/28/98 2/28/98
<CAPTION>
Days Past Due
Current 1 To 30 31 To 60 61 To 9 Over 9 0 Balance
<C> <C> <C> <C> <C> <C>
111.15 -- -- -- -- 111.15
111.15 -- -- -- -- 111.15
90.30 -- -- -- -- 90.30
90.30 -- -- -- -- 90.30
-- 1,000.00 -- -- -- 1,000.00
-- 560.48 -- -- -- 560.48
-- 1,560.48 -- -- -- 1,560.48
404.12 -- -- -- -- 404.12
404.12 -- -- -- -- 404.12
31.43 -- -- -- -- 31.43
31.43 -- -- -- -- 31.43
-- 190.79 -- -- -- 190.79
-- 190.79 -- -- -- 190.79
-- 137.79 -- -- -- 137.79
-- 137.79 -- -- -- 137.79
35.00 -- -- -- -- 35.00
35.00 -- -- -- -- 35.00
388.93 -- -- -- -- 388.93
388.93 -- -- -- -- 388.93
103.50 -- -- -- -- 103.50
103.50 -- -- -- -- 103.50
1.02 -- -- -- -- 1.02
1.02 -- -- -- -- 1.02
5.00 -- -- -- -- 5.00
5.00 -- -- -- -- 5.00
22.77 -- -- -- -- 22.77
22.77 -- -- -- -- 22.77
94.50 -- -- -- -- 94.50
108.00 -- -- -- -- 108.00
135.00 -- -- -- -- 135.00
45.90 -- -- -- -- 45.90
48.60 -- -- -- -- 48.60
86.25 -- -- -- -- 86.25
236.06 -- -- -- -- 236.05
252.00 -- -- -- -- 252.00
256.50 -- -- -- -- 256.50
400.50 -- -- -- -- 400.50
178.20 -- -- -- -- 178.20
124.20 -- -- -- -- 124.20
319.00 -- -- -- -- 319.00
715.60 -- -- -- -- 715.60
56.70 -- -- -- -- 56.70
95.85 -- -- -- -- 95.85
247.50 -- -- -- -- 247.50
162.00 -- -- -- -- 162.00
121.50 -- -- -- -- 121.50
3,683.85 -- -- -- -- 3,683.85
8.00 -- -- -- -- 8.00
8.00 -- -- -- -- 8.00
13.20 -- -- -- -- 13.20
13.20 -- -- -- -- 13.20
1,378.75 -- -- -- -- 1,378.75
</TABLE>
Page 10 of 28
<PAGE> 11
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Vendor Total
5000HONEYW Honeywell O VO 004539 623PS156-142 1/1/98 A 1/1/98 1/31/98 1/31/98
Vendor Total
5000LDDSWO LDDS Worldcom O VO 004417 182055 2/2/98 A 2/22/98 2/22/98 2/22/98
O VO 004473 183596 2/6/98 A 2/26/98 2/26/98 2/26/98
O VO 004476 184335 2/10/98 A 3/2/98 3/2/98 3/2/98
O VO 004548 185506 2/13/98 A 3/5/98 3/5/98 3/5/98
O VO 004554 186179 2/17/98 A 3/9/98 3/9/98 3/9/98
Vendor Total
5000NEXTEL Nextel O VO 004475 5191-8 2/24/98 A 2/24/98 3/11/98 3/11/98
Vendor Total
5000RENASF Rena's Flowers O VO 004469 Finance 2/28/98 A 2/28/98 3/15/98 3/15/98
Charge Vendor Total
5000TELECH Telecheck O VO 004319 B803295305 1/31/98 H 1/31/98 2/19/98 2/19/98
O AD 004542 021998 2/19/98 H 2/19/98 2/19/98
Vendor Total
5000TROPIC Tropical Home & Garden Pest O VO 004336 11912 2/10/98 A 2/10/98 3/12/98 3/12/98
Vendor Total
5500BELLSO BellSouth O VO 004466 954V134335504 2/20/98 A 2/20/98 3/14/98 3/6/98
O VO 004467 305W203332329 2/20/98 A 2/20/98 3/14/98 3/6/98
Vendor Total
5500CORALS Coral Springs Improvement O VO 004407 2010539804 2/11/98 A 2/11/98 2/26/98 2/26/98
District Vendor Total
5500FPL Florida Power & Light O VO 004093 56101-81231 1/21/98 A 3/11/98 3/11/98 3/6/98
O AD 004397 56101-81231 1/21/98 A 1/21/98 1/21/98
O VO 004398 45993-15225 2/12/98 A 2/12/98 3/5/98 3/5/98
O VO 004399 39126-72486 2/18/98 A 2/18/98 3/11/98 3/6/98
O VO 004400 39126-72486 2/12/98 A 2/12/98 3/5/98 3/5/98
O VO 004401 52202-72495 2/19/98 A 2/19/98 3/12/98 3/6/98
O VO 004402 71563-09556 2/19/98 A 2/19/98 3/12/98 3/6/98
O VO 004403 24829-28468 2/19/98 A 2/19/98 3/12/98 3/6/98
O VO 004404 11319-00571 2/19/98 A 2/19/98 3/12/98 3/6/98
O VO 004439 24829-28468 2/24/98 A 2/24/98 3/17/98 3/6/98
Vendor Total
5500HOLLYW City of Hollywood Utility O VO 004468 808874-9-07 2/25/98 A 2/25/98 3/7/98 3/7/98
Vendor Total
5500TOWNDA Town of Davie O VO 004373 29371-39946 2/18/98 A 2/18/98 3/12/98 3/6/98
Vendor Total
5500TRESCO Trescom International O VO 004411 000217068407 2/7/98 A 2/7/98 2/22/98 2/22/98
O VO 004413 000242551807 2/7/98 A 2/7/98 2/22/98 2/22/98
Vendor Total
5C000CGI CGI-Ft. Lauderdale O VO 004416 312112 2/11/98 A 2/11/98 2/26/98 2/26/98
0 VO 004474 315230 2/18/98 A 2/18/98 3/5/98 3/5/98
O VO 004557 318285 2/25/98 A 2/25/98 3/12/98 3/12/98
Vendor Total
6000SAXONS Saxon Business Systems O VO 004438 387523 2/16/98 A 2/16/98 2/26/98 2/26/98
Vendor Total
6000SUNBUR Sun Belt Technologies O VO 004361 59541 2/24/98 A 2/24/98 2/24/98 2/24/98
Vendor Total
6500HUMANA Humana Health Insurance O ZC 012505 004441 C
O ZC 012505 004441 C
Vendor Total
6500KEMPER Kemper Insurance Companies O VO 004461 022898 2/28/98 H 2/28/98 2/28/98 2/28/98
Vendor Total
7000CELLST CellStar O VO 004166 2012019 1/30/98 A 1/30/98 3/1/98 3/1/98
O VO 004525 012898 1/28/98 A 1/28/98 1/28/98 1/28/98
O AD 004526 012898 1/28/98 A 1/28/98 1/28/98
Vendor Total
7000INGRAM Ingram Periodicals O VO 004033 2520647001 1/14/98 A 1/14/98 2/28/98 2/28/98
<CAPTION>
<C> <C> <C> <C> <C> <C>
1,378.75 -- -- -- -- 1,378.75
-- 181.44 -- -- -- 181.44
-- 181.44 -- -- -- 181.44
-- 65.10 -- -- -- 65.10
-- 116.76 -- -- -- 116.76
165.90 -- -- -- -- 165.90
56.70 -- -- -- -- 56.70
108.30 -- -- -- -- 108.30
330.90 181.86 -- -- -- 512.76
238.46 -- -- -- -- 238.46
238.46 -- -- -- -- 238.46
1.00 -- -- -- -- 1.00
1.00 -- -- -- -- 1.00
-- 628.06 -- -- -- 628.06
-- (970.73) -- -- -- (970.73)
-- (342.67) -- -- -- (342.67)
31.80 -- -- -- -- 31.80
31.80 -- -- -- -- 31.80
5,189.06 -- -- -- -- 5,189.06
1,289.32 -- -- -- -- 1,289.32
6,478.36 -- -- -- -- 6,478.38
-- 21.00 -- -- -- 21.00
-- 21.00 -- -- -- 21.00
645.00 -- -- -- -- 645.00
-- -- (645.00) -- -- (645.00)
174.90 -- -- -- -- 174.90
428.68 -- -- -- -- 428.68
74.49 -- -- -- -- 74.49
894.81 -- -- -- -- 894.81
505.57 -- -- -- -- 505.57
196.45 -- -- -- -- 196.45
357.50 -- -- -- -- 357.50
478.88 -- -- -- -- 478.88
3,756.28 -- (645.00) -- -- 3,111.28
113.35 -- -- -- -- 113.35
113.35 -- -- -- -- 113.35
53.83 -- -- -- -- 53.83
53.83 -- -- -- 53.83
-- 1,494.26 -- -- -- 1,494.26
-- 177.46 -- -- -- 177.46
-- 1,671.72 -- -- -- 1,671.72
-- 317.25 -- -- -- 317.25
433.20 -- -- -- -- 433.20
282.40 -- -- -- -- 282.40
715.60 317.25 -- -- -- 1,032.85
-- 86.40 -- -- -- 86.40
-- 86.40 -- -- -- 86.40
-- 275.60 -- -- -- 275.60
-- 275.60 -- -- -- 275.60
5,840.14 -- -- -- -- 5,840.14
(5,840.14) -- -- -- -- (5,840.14)
-- -- -- -- -- --
15,767.00 -- -- -- -- 15,767.00
15,767.00 -- -- -- -- 15,767.00
1,080.38 -- -- -- -- 1,080.38
2,500.00 -- -- 2,500.00
(2,500.00) -- -- (2,500.00)
1,080.38 -- -- -- -- 1,080.38
10.47 -- -- -- -- 10.47
</TABLE>
Page 11 of 28
<PAGE> 12
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C> <C> <C>
O VO 004034 2520648001 1/14/98 A 1/14/98 2/28/98 2/28/98
O VO 004118 2526846001 1/21/98 A 1/21/98 2/28/98 2/28/98
O VO 004119 2526846002 1/21/98 A 1/21/98 2/28/98 2/28/98
O VO 004120 2526847001 1/21/98 A 1/21/98 2/28/98 2/28/98
O VO 004121 2526847002 1/21/98 A 1/21/98 2/28/98 2/28/98
Vendor Total
7000PRIMEC PrimeCo O VO 004527 012898 1/28/98 A 1/28/98 1/28/98 1/28/98
O AD 004528 012898 1/28/98 A 1/28/98 1/28/98
O VO 004529 021198 2/11/98 A 2/11/98 2/11/98 2/11/98
O AD 004530 021198 2/11/98 A 2/11/98 2/11/98
O VO 004531 021798 2/17/98 A 2/17/98 2/17/98 2/17/98
O AD 004532 021798 2/17/98 A 2/17/98 2/17/98
O VO 004533 022698 2/26/98 A 2/26/98 2/26/98 2/26/98
O AD 004534 022698 2/26/98 A 2/26/98 2/26/98
7000RECOTO Recoton O VO 004011 01710916 1/16/98 A 1/16/98 3/17/98 3/17/98
Vendor Total
7200ICANEC ICanect H VO 004183 013198 1/31/98 A 1/31/98 3/2/98 3/2/98
Vendor Total
7200INTERN Network Solutions, Inc. O VO 004313 426565 1/22/98 A 1/22/98 3/1/98 3/1/98
Vendor Total
9000CITGRO Sensormatic/CIT Group O CK 012487 004377 C
O CK 012487 004377 C
O CK 012487 004377 C
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 VO 004307 520709 2/1/98 H 2/1/98 2/1/98 2/1/98
O VO 004308 520708 2/1/98 A 2/1/98 2/1/98 2/1/98
O VO 004309 520706 2/1/98 A 2/1/98 2/1/98 2/1/98
O VO 004500 520707 2/1/98 A 2/1/98 2/1/98 2/1/98
O AD 004551 520709 2/1/98 A 2/1/98 2/1/98
Vendor Total
9500FDOR Florida Department of O VO 004516 650674664 1/1/98 A 1/1/98 1/1/98 1/1/98
Revenue Vendor Total
9500FLORID Florida Department of State O VO 004515 P96000034309-0 12/31/97 A 12/31/97 12/31/97 12/31/97
Vendor Total
Report Total
<CAPTION>
<C> <C> <C> <C> <C> <C>
10.47 -- -- -- -- 10.47
44.18 -- -- -- -- 44.18
13.97 -- -- -- -- 13.97
44.18 -- -- -- -- 44.18
13.97 -- -- -- -- 13.97
137.24 -- -- -- -- 137.24
-- 17,550.00 -- -- 17,550.00
-- (17,550.00) -- -- (17,550.00)
-- 11,972.95 -- -- -- 11,972.95
-- (11,972.95) -- -- -- (11,972.95)
-- 6,375.00 -- -- -- 6,375.00
-- (6,375.00) -- -- -- (6,375.00)
-- 6,540.00 -- -- -- 6,540.00
-- (6,540.00) -- -- -- (6,540.00)
17.60 -- -- -- -- 17.60
17.60 -- -- -- -- 17.60
269.34 -- -- -- -- 269.34
269.34 -- -- -- -- 269.34
100.00 -- -- -- -- 100.00
100.00 -- -- -- -- 100.00
(397.48) -- -- -- -- (397.48)
(164.90) -- -- -- -- (164.90)
(164.90) -- -- -- -- (164.90)
(727.28) -- -- -- -- (727.28)
6,800.00 -- -- -- -- 6,800.00
6,800.00 -- -- -- -- 6,800.00
-- 172.54 -- -- -- 172.54
-- 807.72 -- -- -- 807.72
-- 172.54 -- -- -- 172.54
-- 173.31 -- -- -- 173.31
-- (172.54) -- -- -- (172.54)
-- 1,153.57 -- -- -- 1,153.57
-- -- 693.09 -- -- 693.09
-- -- 693.09 -- -- 693.09
-- -- 150.00 -- -- 150.00
-- -- 150.00 -- -- 150.00
41,440.90 5,435.23 198.09 -- -- 47,074.22
</TABLE>
Page 12 of 28
<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 February 1, 1998 and Ending February 28, 1998
INVENTORY REPORT
Inventory Balance at Petition Date: $ 2,191,354
==============
Inventory Reconciliation:
Inventory Balance at Beginning of Month (Period) $ 1,995,270
Inventory Purchased During Month (Period) 31,348
Inventory Used or Sold: (267,426)
Less Inventory Adjusment for Shrinkage (6,000)
--------------
Inventory On-Hand at End of Month(Period) $ 1,753,192
==============
Method of Costing: ----------------------- Last Cost
-------------
FIXED ASSET REPORT
- --------------------------------------------------------------------------------
Fixed Assets Fair Market Value at Petition Date: $ 2,038,164 NBV
(includes Property, Plant and Equipment)
Brief Description (First Report Only): Fixed Assets include Computer
Equipment/Software, Office Equipment, Fixtures, and Leasehold Improvements.
A detailed list was provided as of January 12, 1998 petition filing date.
Fixed Assets Reconciliation:
Fixed Asset Book Value at Beginning of Month(Period): $ 1,450,577
Less: Depreciation Expense for Period: (28,223)
Plus: New Purchases/Additions:
--------------
Ending Month(Period) Balance: $ 1,422,354
==============
Page 13 of 28
<PAGE> 14
ATTACHMENT #4
MONTHLY BANK ACCOUNT RECONCILIATION
Name of Debtor: 2Connect Express, Inc. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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
Beginning Balance $ 241,405.69
Total of Deposits Made 472,417.45
Amount of Cash and Credit Cards Refunds (1,160.84)
Amount of Deposits from Account Sweeps (See Note Below) 486,521.46
Amount of Receipts from Account Sweeps (See Note Below) (486,521.46)
Amount of Cash funding Payroll Account (149,521.46)
Total Amount of Checks Written (185,283.69)
Service Charges --
---------------
Closing Balance $ 377,857.15
===============
Number of 1st Check Written This Period: 012357
Number of Last Check Written This Period: 012505
-----------
Total Number of Checks Written or voided This Period: 148
===========
Note - Daily "Sweep" transfers are made from store depository sub-accounts
(zero balance accounts) to concentration account.
INVESTMENT ACCOUNTS
- --------------------------------------------------------------------------------
Type of Negotiable Face Purchase Date of
Instrument Value Price Purchase
- --------------------------------------------------------------------------------
NONE
Page 14 of 28
<PAGE> 15
ATTACHMENT #4
MONTHLY BANK ACCOUNT RECONCILIATION
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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. OPERATING ACCOUNT
ACCOUNT NUMBER: 2090002373633
PURPOSE OF ACCOUNT: PRE PETITION OPERATING ACCOUNT
Beginning Balance (26,674.75)
Total of Deposits Made
Total Amount of Checks Written 26,674.75 ---- Represents outstanding checks
Service Charges ---------- voided and added to vendor
Closing Balance -- liabilities in February.
==========
Number of 1st Check Written This Period: None
Number of Last Check Written This Period: None
Total Number of Checks Written This Period: None
INVESTMENT ACCOUNTS
- --------------------------------------------------------------------------------
Type of Negotiable Face Purchase Date of
Instrument Value Price Purchase
- --------------------------------------------------------------------------------
NONE
Page 15 of 28
<PAGE> 16
ATTACHMENT #4
MONTHLY BANK ACCOUNT RECONCILIATION
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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
Beginning Balance (2,764.58)
Total of Deposits Made 149,521.46
Total Amount of Checks Written (146,763.21)
Service Charges --
------------
Closing Balance (6.33)---- Since this is a Zero Balance
============ account, the ending negative
balance represents outstanding
checks.
Number of 1st Check Written This Period: 1589
Number of Last Check Written This Period: 1689
--------
Total Number of Checks Written This Period: 100
========
INVESTMENT ACCOUNTS
- --------------------------------------------------------------------------------
Type of Negotiable Face Purchase Date of
Instrument Value Price Purchase
- --------------------------------------------------------------------------------
NONE
Page 16 of 28
<PAGE> 17
ATTACHMENT #4
MONTHLY BANK ACCOUNT RECONCILIATION
Name of Debtor: 2Connect Express, Inc. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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. PAYROLL ACCOUNT
ACCOUNT NUMBER: 2090002373646
PURPOSE OF ACCOUNT: PRE PETITION PAYROLL ACCOUNT
Beginning Balance (2,622.55)
Total of Deposits Made
Total Amount of Checks Written 2,622.55 ----- Represents outstanding
Service Charges - checks voided and added
----------- to vendor liabilities in
Closing Balance - February.
===========
Number of 1st Check Written This Period: None
Number of Last Check Written This Period: None
Total Number of Checks Written This Period: None
INVESTMENT ACCOUNTS
- --------------------------------------------------------------------------------
Type of Negotiable Face Purchase Date of
Instrument Value Price Purchase
- --------------------------------------------------------------------------------
NONE
Page 17 of 28
<PAGE> 18
ATTACHMENT #5
CHECK REGISTER
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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>
2/2/98 012357 Hotchkiss Enterprises Rent 5,028.43 5,028.43
2/2/98 012358 Coral CS/Ltd. Associates Rent 7,376.31 12,404.74
2/2/98 012359 Dadeland Station Assoc. Ltd. Rent 3,893.91 16,298.65
2/2/98 012360 Spiward, Inc. Rent 4,851.05 21,149.70
2/2/98 012361 Gateyway FL. Properties Rent 6,444.80 27,594.50
2/2/98 012362 Tri-County Plaza Assoc. Ltd. Rent 6,150.00 33,744.50
2/2/98 012363 Advanced Technology Solutions Consulting 1,870.00 35,614.50
2/2/98 012364 Cambridge Technology Partners Training 1,800.00 37,414.50
2/2/98 012365 Federal Express Corporation Freight 103.50 37,518.00
2/2/98 012366 All Service Refuse Co, Inc. Utilities 8.63 37,526.63
2/2/98 012367 Employer's Health Insurance Insurance 418.80 37,945.43
2/2/98 012368 Fortis Life Insurance Insurance 158.79 38,104.22
2/2/98 012369 Humana Health Insurance Insurance 4,677.76 42,781.98
2/2/98 012370 3Com Credit Corporation Equipment Lease 11,941.53 54,723.51
2/2/98 012371 Sensormatic/CIT Group Equipment Lease 892.18 55,615.69
2/2/98 012372 City of Coral Springs License 10.00 55,625.69
2/2/98 012373 Telecheck Misc. -- 55,625.69
2/2/98 012374 Void Misc. -- 55,625.69
2/2/98 012375 Void Misc. -- 55,625.69
2/2/98 012376 Void Misc. -- 55,625.69
2/2/98 012377 Void Misc. -- 55,625.69
2/2/98 012378 Void Misc. -- 55,625.69
2/6/98 012379 Advance Service Industries Janitorial Services 478.54 56,104.23
2/6/98 012380 South Florida Business Journal Advertising 250.00 56,354.23
2/6/98 012381 Sun Sentinel Advertising 3,591.00 59,945.23
2/6/98 012382 Void Misc. -- 59,945.23
2/9/98 012383 Kahn Carlin Insurance 4,666.62 64,611.85
2/10/98 012384 U.S. Postmaster Stamps 126.00 64,737.85
2/10/98 012385 Direct Wireless Product 633.00 65,370.85
2/12/98 012386 TMC Corporation Product 591.50 65,962.35
2/12/98 012387 Office Depot Credit Plan Supplies 382.46 66,344.81
2/13/98 012388 Westward Plaza Petty Cash 83.74 66,428.55
2/13/98 012389 Chuck Ainsworth Expenses 233.86 66,662.41
2/13/98 012390 Marc Fishman Expenses 529.56 67,191.97
2/13/98 012391 Billy Fowler Expenses 334.39 67,526.36
2/13/98 012392 John Grandy Expenses 226.84 67,753.20
2/13/98 012393 Jason Hersh Expenses -- 67,753.20
2/13/98 012394 Thomas H. Hicks Expenses 1,965.89 69,719.09
2/13/98 012395 Nathan Rothman Expenses 310.26 70,029.35
2/13/98 012396 Don Smith Expenses 13.50 70,042.85
2/13/98 012397 Stuart Starr Expenses 57.00 70,099.85
2/13/98 012398 Steven H. Park Expenses 210.64 70,310.49
2/13/98 012399 Patricia Silverman Expenses 211.19 70,521.68
2/13/98 012400 William Browning Refund -- 70,521.68
2/13/98 012401 Anne Callace Refund 53.00 70,574.68
</TABLE>
Page 18 of 28
<PAGE> 19
<TABLE>
<S> <C> <C> <C> <C> <C>
2/13/98 012402 Nancy Cresswell Refund 39.97 70,614.65
2/13/98 012403 GLM, Inc. Refund 105.99 70,720.64
2/13/98 012404 Sean Hilzen Refund 211.99 70,932.63
2/13/98 012405 Robert Hopp Refund 63.59 70,996.22
2/13/98 012406 Justin Klosky Refund 190.79 71,187.01
2/13/98 012407 Martin Rubenstein Refund 21.20 71,208.21
2/13/98 012408 Kathy Showah Refund 84.79 71,293.00
2/13/98 012409 George A. Violante Refund 158.99 71,451.99
2/13/98 012410 Rebecca Zuniga Refund 105.99 71,557.98
2/13/98 012411 John Bell Refund 158.99 71,716.97
2/13/98 012412 Binoy Jacobs Refund 165.34 71,882.31
2/13/98 012413 Vincent Delbuono Refund 21.19 71,903.50
2/13/98 012414 Sheila Ala Refund 63.59 71,967.09
2/13/98 012415 Post & Post Refund 476.97 72,444.06
2/13/98 012416 A Acorn Locksmith Repairs 518.30 72,962.36
2/13/98 012417 American Stock Transfer Co. Transfer Agent 822.58 73,784.94
2/13/98 012418 Aqua Springs Water Water 141.24 73,926.18
2/13/98 012419 BellSouth Mobility Cellular Service 0.55 73,926.73
2/13/98 012420 Dependable Courier Freight 201.15 74,127.88
2/13/98 012421 Federal Express Corporation Freight 227.45 74,355.33
2/13/98 012422 Hancock Moving & Storage Storage 6,705.00 81,060.33
2/13/98 012423 IRA/KEOGH Services Co. Misc. 52.92 81,113.25
2/13/98 012424 LDDS Worldcom Conference Calls 165.46 81,278.71
2/13/98 012425 Nextel Cellular Service 6.61 81,285.32
2/13/98 012426 Professional Resources Personell Recruiting 1,500.00 82,785.32
2/13/98 012427 South Beach Capital Corp Expenses 135.56 82,921.88
2/13/98 012428 United Parcel Service Freight 672.14 83,594.02
2/13/98 012429 BellSouth Utilities 8,283.94 91,877.96
2/13/98 012430 Florida Power & Light Utilities 399.17 92,277.13
2/13/98 012431 City of Hollywood Utility Utilities 63.34 92,340.47
2/13/98 012432 CGI-Ft. Lauderdale Freight 340.10 92,680.57
2/13/98 012433 Saxon Business Systems Supplies 71.30 92,751.87
2/13/98 012434 CellStar Product 670.50 93,422.37
2/13/98 012435 Ora Electronics Product 8,587.41 102,009.78
2/13/98 012436 PrimeCo Product 19.95 102,029.73
2/13/98 012437 Roy Fuller Cellular Installs 240.00 102,269.73
2/13/98 012438 National Electronics Waranty Customer Warranty 367.10 102,636.83
2/13/98 012439 Arco Distributors Supplies 652.17 103,289.00
2/13/98 012440 TeleData Concepts Training 4,000.00 107,289.00
2/13/98 012441 South Florida Business Journal Advertising 300.00 107,589.00
2/13/98 012442 Bay Tech Investments Misc. -- 107,589.00
2/13/98 012443 Dade County Clerk License 50.00 107,639.00
2/14/98 012444 Void Misc. -- 107,639.00
2/15/98 012445 Void Misc. -- 107,639.00
2/16/98 012446 Void Misc. -- 107,639.00
2/17/98 012447 Void Misc. -- 107,639.00
2/18/98 012448 Void Misc. -- 107,639.00
2/19/98 012449 Void Misc. -- 107,639.00
2/16/98 012450 Jason Hersh Expenses 401.69 108,040.69
2/16/98 012451 William Browning Refund 296.79 108,337.48
2/17/98 012452 Sprint PCS Product 171.00 108,508.48
2/18/98 012453 Beeper To Go Product 5,570.00 114,078.48
2/18/98 012454 Cash-2Connect Petty Cash -- 114,078.48
2/18/98 012455 Sun Sentinel Advertising 2,460.00 116,538.48
2/18/98 012456 Cash-2Connect Petty Cash 200.00 116,738.48
2/20/98 012457 Chuck Ainsworth Expenses 237.35 116,975.83
2/20/98 012458 Billy Fowler Expenses 1,513.88 118,489.71
2/20/98 012459 Thomas H. Hicks Expenses 419.47 118,909.18
2/20/98 012460 Bob Woods Expenses 47.40 118,956.58
2/20/98 012461 Alan Cablas Refund 190.79 119,147.37
2/20/98 012462 Ibrahim El Mamound Refund 180.20 119,327.57
2/20/98 012463 Debi Morales Refund 95.39 119,422.96
2/20/98 012464 Sherman Smith Refund 116.59 119,539.55
2/20/98 012465 Tanci Issa Refund 293.35 119,832.90
2/20/98 012466 Shane Laramore Refund 158.99 119,991.89
</TABLE>
Page 19 of 28
<PAGE> 20
<TABLE>
<S> <C> <C> <C> <C> <C>
2/20/98 012467 Colleen Avery Refund 158.99 120,150.88
2/20/98 012468 BellSouth Mobility Utilities 1.22 120,152.10
2/20/98 012469 Bowne of Atlanta Printing 377.36 120,529.46
2/20/98 012470 City Fire Equipment Repairs 31.57 120,561.03
2/20/98 012471 Darling Visual Systems Signs 17.08 120,578.11
2/20/98 012472 Professional Resources Recruiting 1,500.00 122,078.11
2/20/98 012473 Telecheck Bank Card Fees -- 122,078.11
2/20/98 012474 Washington Inventory Service Inventory Count 2,232.49 124,310.60
2/20/98 012475 Florida Power & Light Utilities 6,985.00 131,295.60
2/20/98 012476 CGI-Ft. Lauderdale Freight 130.65 131,426.25
2/20/98 012477 Direct Wireless Product 82.30 131,508.55
2/20/98 012478 PrimeCo Product 7,468.75 138,977.30
2/20/98 012479 Sprint PCS Product 2,052.00 141,029.30
2/20/98 012480 South Florida Business Journal Advertising 600.00 141,629.30
2/20/98 012481 Florida Department of Revenue Sales Taxes 350.00 141,979.30
2/20/98 012482 Florida Department of Revenue Sales Taxes 10,624.43 152,603.73
2/23/98 012483 Advanced Fox Cellular Product 15.71 152,619.44
2/25/98 012484 Stor All Rent 159.00 152,778.44
2/25/98 012485 Dadeland Station Assoc. Ltd. Rent 568.05 153,346.49
2/25/98 012486 Spiward, Inc. Rent 282.70 153,629.19
2/25/98 012487 Sensormatic/CIT Group Equipment Lease 477.28 154,106.47
2/25/98 012488 City of Hollywood Alarms License 25.16 154,131.63
2/25/98 012489 City of Plantation (licenses) License 89.93 154,221.56
2/25/98 012490 City of Plantation (licenses) License 120.00 154,341.56
2/25/98 012491 Secretary of State License 100.00 154,441.56
2/26/98 012492 Office Depot Credit Plan Supplies 163.15 154,604.71
2/26/98 012493 Advanced Fox Cellular Product 816.00 155,420.71
2/26/98 012494 Tri-County Plaza Assoc. Ltd. Rent 929.22 156,349.93
2/27/98 012495 Coral Square Mall Petty Cash 17.66 156,367.59
2/27/98 012496 Tower Shops-Davie Petty Cash 90.22 156,457.81
2/27/98 012497 Chuck Ainsworth Expenses 133.48 156,591.29
2/27/98 012498 Billy Fowler Expenses 268.54 156,859.83
2/27/98 012499 Jason Hersh Expenses 93.11 156,952.94
2/27/98 012500 Steven L. Epstein Expenses 53.60 157,006.54
2/27/98 012501 Stuart Starr Expenses 36.00 157,042.54
2/27/98 012502 Jenifer Cullen Expenses 39.35 157,081.89
2/27/98 012503 Karl Y. Cornileus Refund 180.18 157,262.07
2/27/98 012504 Direct Wireless Product 148.20 157,410.27
2/27/98 012505 Human Health Insurance Insurance -- 157,410.27
2/5/98 Debit Clarke American Checks Deposit Slips 21.00 157,431.27
2/5/98 Debit Merchant Discount Credit Card Fees 1,375.04 158,806.31
2/5/98 Debit Merchant Fee Credit Card Fees 39.36 158,845.67
2/5/98 Debit Merchant Fee Credit Card Fees 26.84 158,872.51
2/5/98 Debit Merchant Fee Credit Card Fees 15.00 158,887.51
2/5/98 Debit Merchant Fee Credit Card Fees 3.50 158,891.01
2/5/98 Debit Merchant Interchange Credit Card Fees 14.72 158,905.73
2/5/98 Debit Novus Monthly Settlement Credit Card Fees 63.65 158,969.38
2/11/98 Debit PrimeCo Product 11,972.95 170,942.33
2/17/98 Debit PrimeCo Product 6,375.00 177,317.33
2/19/98 Debit Telecheck Bank Card Fees 970.73 178,288.06
2/26/98 Debit PrimeCo Product 6,540.00 184,828.06
2/11/98 Debit AA Service Charge Bank Fees 455.63 185,283.69
185,283.69
</TABLE>
Page 20 of 28
<PAGE> 21
ATTACHMENT #5
CHECK REGISTER
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
Name of Bank: First Union National Bank Branch: Commercial Banking Broward
Account Name: 2Connect Express, Inc. Operating Account
Account Number: 2090002373633
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>
2/28/98 Balance Adj. Balance Adj. 0.02 0.02
2/28/98 1002 The Miami Herald Void x (1,804.32) (1,804.30)
2/28/98 Deposit Bedrace Void x 21.28 (1,783.02)
2/28/98 Deposit Trade Show Void x 487.78 (1,295.24)
2/28/98 1553 Discount Party Warehouse Void x (200.00) (1,495.24)
2/28/98 10154 Greater Miami Chamber of Commerce Void x (375.00) (1,870.24)
2/28/98 010740 Chiswick Void x (136.80) (2,007.04)
2/28/98 011284 Miami Dade Water Void x (82.13) (2,089.17)
2/28/98 011306 Arlene Sperling Void x (171.00) (2,260.17)
2/28/98 011430 Ernst, Young Void x (1,350.00) (3,610.17)
2/28/98 011656 Carleen Lenner Void x (43.04) (3,653.21)
2/28/98 011701 Office Depot Void x (369.20) (4,022.41)
2/28/98 011771 Collins Signs Void x (15,609.06) (19,631.47)
2/28/98 011905 3COM Credit Corporation Void x (1,494.39) (21,125.86)
2/28/98 011906 3COM Credit Corporation Void x (4,407.72) (25,533.58)
2/28/98 011945 Phil Neils Void x (12.00) (25,545.58)
2/28/98 012043 Store 8 Petty Cash Void x (61.35) (25,606.93)
2/28/98 012064 Dennis Jackson Void x (75.60) (25,682.53)
2/28/98 012143 Store 5 Petty Cash Void x (126.78) (25,809.31)
2/28/98 012144 Store 6 Petty Cash Void x (31.90) (25,841.21)
2/28/98 012150 Frederica Blank Void x (31.79) (25,873.00)
2/28/98 012154 Jefory Burk Void x (127.19) (26,000.19)
2/28/98 012163 Marcus Ellner Void x (129.99) (26,130.18)
2/28/98 012166 State of Florida Void x (150.00) (26,280.18)
2/28/98 012178 Jerry Khouly Void x (127.79) (26,407.97)
2/28/98 012181 Diana Mercer Void x (160.79) (26,568.76)
2/28/98 012194 Gary Vuong Void x (105.99) (26,674.75)
(26,674.75)
</TABLE>
Page 21 of 28
<PAGE> 22
ATTACHMENT #5
CHECK REGISTER
Name of Debtor: 2Connect Express, Inc. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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>
2/5/98 Debit Clarke American Checks 21.00 21.00
2/6/98 Debit ADP Fees Payroll Fees 62.62 83.62
2/6/98 Debit ADP Taxes Payroll Taxes 20,401.70 20,485.32
2/6/98 1589 Fishman, Marc Net Pay 2,465.53 22,950.85
2/6/98 1590 Foerster, Bruce Net Pay 1,782.02 24,732.87
2/6/98 1591 Hicks, Thomas Net Pay 4,436.71 29,169.58
2/6/98 1592 Jones, Allan Net Pay 587.82 29,757.40
2/6/98 1593 Peck, Adam Net Pay 721.27 30,478.67
2/6/98 1594 Falk, Lori Net Pay 174.10 30,652.77
2/6/98 1595 Killoran, Kevin Net Pay 1,647.31 32,300.08
2/6/98 1596 Ainsworth, Charles Net Pay 1,751.09 34,051.17
2/6/98 1597 Fowler, Billy Net Pay 2,633.48 36,684.65
2/6/98 1598 Hersh, Jason Net Pay 662.05 37,346.70
2/6/98 1599 Koegler, Lizelie Net Pay 381.43 37,728.13
2/6/98 1600 Woods, Robert Net Pay 1,274.47 39,002.60
2/6/98 1601 Bolden, Maria Net Pay 810.03 39,812.63
2/6/98 1602 Dobrinsky, Richard Net Pay 1,676.38 41,489.01
2/6/98 1603 Kinsey, Jeanine Net Pay 762.12 42,251.13
2/6/98 1604 Simonson, Paul Net Pay 1,404.90 43,656.03
2/6/98 1605 Hernandez, Zara Net Pay 668.56 44,324.59
2/6/98 1606 Kinsey, Matthew Net Pay 1,268.43 45,593.02
2/6/98 1607 Silverman, Daniel Net Pay 947.59 46,540.61
2/6/98 1608 Smith, Donald Net Pay 1,663.88 48,204.49
2/6/98 1609 Cohen, George Net Pay 755.63 48,960.12
2/6/98 1610 Epstein, Steven Net Pay 1,243.13 50,203.25
2/6/98 1611 Cowan, Robert Net Pay 93.55 50,296.80
2/6/98 1612 Lively, Marie Net Pay 140.21 50,437.01
2/6/98 1613 Patierno, Joe Net Pay 318.63 50,755.64
2/6/98 1614 Pettineo, John Net Pay 430.90 51,186.54
2/6/98 1615 Sciuro, Alejandro Net Pay 302.77 51,489.31
</TABLE>
Page 22 of 28
<PAGE> 23
<TABLE>
<S> <C> <C> <C> <C> <C>
2/6/98 1616 Whitten, Jillian Net Pay 411.19 51,900.50
2/6/98 1617 Carpenter, Jerome Net Pay 1,025.93 52,926.43
2/6/98 1618 Starr, Stuart Net Pay 1,046.32 53,972.75
2/6/98 1619 Pastrana, Miguel Net Pay 308.58 54,281.33
2/6/98 1620 Pavetti, Carlos Net Pay 372.33 54,653.66
2/6/98 1621 Rodriguez, Isvel Net Pay 324.02 54,977.68
2/6/98 1622 Rutter, Kenneth Net Pay 1,487.22 56,464.90
2/6/98 1623 Park, Steven Net Pay 1,140.76 57,605.66
2/6/98 1624 Sordelet, Claude Net Pay 682.26 58,287.92
2/6/98 1625 Bruno, Robert Net Pay 249.66 58,537.58
2/6/98 1626 Killoran, Kerin Net Pay 161.07 58,698.65
2/6/98 1627 Yacobozzi, Anthony Net Pay 415.26 59,113.91
2/6/98 1628 Cullen, Jennifer Net Pay 716.41 59,830.32
2/6/98 1629 Grandy, John Net Pay 1,371.78 61,202.10
2/6/98 1630 Miller, Larry Net Pay 879.43 62,081.53
2/6/98 1631 Rothman, Nathan Net Pay 1,164.67 63,246.20
2/6/98 1632 Tovar, Anthony Net Pay 1,256.11 64,502.31
2/6/98 1633 Avarez, Rubin Net Pay 584.72 65,087.03
2/6/98 1634 Lossia, Karen Net Pay 825.14 65,912.17
2/6/98 1635 Fogelman, Steve Net Pay 1,010.22 66,922.39
2/6/98 1636 Brennan, Michael Net Pay 786.64 67,709.03
2/6/98 1637 Bryan, Melanie Net Pay 1,094.36 68,803.39
2/6/98 1638 Castellanos, Lena Net Pay 477.06 69,280.45
2/6/98 1639 Garrepy, Richard Net Pay 177.72 69,458.17
2/6/98 1640 Silverman, Patricia Net Pay 1,001.81 70,459.98
2/20/98 1641 Fishman, Marc Net Pay 2,465.53 72,925.51
2/20/98 1642 Foerster, Bruce Net Pay 1,782.02 74,707.53
2/20/98 1643 Hicks, Thomas Net Pay 4,965.83 79,673.36
2/20/98 1644 Killoran, Kevin Net Pay 1,647.33 81,320.69
2/20/98 1645 Ainsworth, Charles Net Pay 1,734.54 83,055.23
2/20/98 1646 Fowler, Billy Net Pay 2,633.47 85,688.70
2/20/98 1647 Hersh, Jason Net Pay 662.04 86,350.74
2/20/98 1648 Woods, Robert Net Pay 1,255.48 87,606.22
2/20/98 1649 Bolden, Maria Net Pay 869.54 88,475.76
2/20/98 1650 Chalfant, Christopher Net Pay 4,139.75 92,615.51
2/20/98 1651 Dobrinsky, Richard Net Pay 1,676.40 94,291.91
2/20/98 1652 Kinsey, Jeanine Net Pay 821.32 95,113.23
2/20/98 1653 Simonson, Paul Net Pay 769.63 95,882.86
2/20/98 1654 Hernandez, Zara Net Pay 876.43 96,759.29
2/20/98 1655 Kinsey, Matthew Net Pay 1,268.43 98,027.72
2/20/98 1656 Smith, Donald Net Pay 1,663.87 99,691.59
2/20/98 1657 Cohen, George Net Pay 755.48 100,447.07
2/20/98 1658 Epstein, Steven Net Pay 1,243.12 101,690.19
2/20/98 1659 Colyer, William Net Pay 162.52 101,852.71
2/20/98 1660 Cowan, Robert Net Pay 318.29 102,171.00
2/20/98 1661 Lively, Marie Net Pay 166.90 102,337.90
</TABLE>
Page 23 of 28
<PAGE> 24
<TABLE>
<S> <C> <C> <C> <C> <C>
2/20/98 1662 Patierno, Joe Net Pay 157.76 102,495.66
2/20/98 1663 Pettineo, John Net Pay 565.44 103,061.10
2/20/98 1664 Sicuro, Alejandro Net Pay 355.47 103,416.57
2/20/98 1665 Whitten, Jillian Net Pay 599.13 104,015.70
2/20/98 1666 Carpenter, Jerome Net Pay 1,025.95 105,041.65
2/20/98 1667 Starr, Stuart Net Pay 1,045.55 106,087.20
2/20/98 1668 Pastrana, Miguel Net Pay 461.21 106,548.41
2/20/98 1669 Pavetti, Carlos Net Pay 283.76 106,832.17
2/20/98 1670 Rodriguez, Isvel Net Pay 347.61 107,179.78
2/20/98 1671 Rutter, Kenneth Net Pay 1,582.91 108,762.69
2/20/98 1672 Park, Steven Net Pay 1,140.75 109,903.44
2/20/98 1673 Sordelet, Claude Net Pay 681.88 110,585.32
2/20/98 1674 Bruno, Robert Net Pay 380.10 110,965.42
2/20/98 1675 Killoran, Kerin Net Pay 269.57 111,234.99
2/20/98 1676 Yacobozzi, Anthony Net Pay 434.80 111,669.79
2/20/98 1677 Cullen, Jennifer Net Pay 822.55 112,492.34
2/20/98 1678 Grandy, John Net Pay 1,371.64 113,863.98
2/20/98 1679 Miller, Larry Net Pay 879.44 114,743.42
2/20/98 1680 Rothman, Nathan Net Pay 1,164.52 115,907.94
2/20/98 1681 Tovar, Anthony Net Pay 1,225.59 117,133.53
2/20/98 1682 Avarez, Rubin Net Pay 696.40 117,829.93
2/20/98 1683 Lossia, Karen Net Pay 878.52 118,708.45
2/20/98 1684 Fogelman, Steve Net Pay 928.72 119,637.17
2/20/98 1685 Brennan, Michael Net Pay 586.63 120,223.80
2/20/98 1686 Bryan, Melanie Net Pay 1,094.21 121,318.01
2/20/98 1687 Castellanos, Lena Net Pay 549.35 121,867.36
2/20/98 1688 Garrepy, Richard Net Pay 405.66 122,273.02
2/20/98 1689 Silverman, Patricia Net Pay 1,064.84 123,337.86
2/20/98 Debit ADP Fees Payroll Fees 1,332.20 124,670.06
2/20/98 Debit ADP Fees Payroll Fees 70.86 124,740.92
2/20/98 Debit ADP Taxes Payroll Taxes 22,016.29 146,757.21
2/27/98 Debit ADP Fees Payroll Fees 6.00 146,763.21
146,763.21
</TABLE>
Page 24 of 28
<PAGE> 25
ATTACHMENT #5
CHECK REGISTER
Name of Debtor: 2CONNECT EXPRESS, INC. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
Name of Bank: First Union National Bank Branch: Commercial Banking Broward
Account Name: 2CONNECT EXPRESS, INC. PAYROLL ACCOUNT
Account Number: 2090002373646
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>
2/28/98 94 Phil Jaffee D/S 1 Void (804.90) (804.90)
2/28/98 295 Angela Quinton #3 Void (60.98) (865.88)
2/28/98 103 John Toban D/S Void (790.36) (1,656.24)
2/28/98 194 John Toban D/S Void (245.71) (1,901.95)
2/28/98 195 Guillermo Ulmos D/S Void (203.56) (2,105.51)
2/28/98 389 Oomer Mufty #8 Void (77.57) (2,183.08)
2/28/98 Adj. Balance Adj. Balance Adj. (0.12) (2,183.20)
2/28/98 1028 William Gardner #8 Void (234.96) (2,418.16)
2/28/98 1413 John Burch #1 Void (46.55) (2,464.71)
2/28/98 1512 Dennis Jackson #11 Void (157.84) (2,622.55)
(2,622.55)
</TABLE>
Page 25 of 28
<PAGE> 26
ATTACHMENT #6
MONTHLY TAX REPORT
Name of Debtor: 2Connect Express, Inc. Case Number: 98-20169-BKC-RBR
For the Period Beginning February 1, 1998 and Ending February 28, 1998
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>
2/6/98 IRS and Fla Dept of Revenue PR taxes deposited by ADP for 1/31 PR paid 2/06/98 $ 20,401.70
2/20/98 Florida Department of Revenue Consolidated Sales Tax Return for January, 1998 10,624.43
2/20/98 Florida Department of Revenue Annual Sales Tax Registration Fee 350.00
2/20/98 IRS and Fla Dept of Revenue PR taxes deposited by ADP for 2/14 PR paid 2/20/98 22,016.29
-----------
$ 31,376.13
===========
</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>
IRS and Fla Dept of Rev 3/6/98 PR taxes to be deposited by ADP for 2/28 PR paid 3/06/98 $ 17,581.89
Florida Department of Revenue 3/20/98 Consolidated Sales Tax Return for February, 1998 12,186.79
-----------
$ 29,768.68
===========
</TABLE>
Page 26 of 28
<PAGE> 27
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 February 1, 1998 and Ending February 28, 1998
Report all compensation received during the period. Do not include reimbursement
for expenses incurred for which you have receipts.
Amount
Officer or Owner Name Title Paid
- --------------------- ----- ----
Thomas H. Hicks CEO, COO and CFO 12,500.00
Kevin Killoran Secretary 4,615.38
Marc Fishman Director, Merchandising 7,384.62
PERSONNEL REPORT
<TABLE>
<CAPTION>
Full Time Part Time Total
--------- --------- -----
<S> <C> <C> <C>
Number of Employees at Beginning of Period 44 10 54
Number Hired during Period 2 2 4
Number Terminated or Resigned during Period 8 1 9
--------- --------- -----
Number of Employees on payroll at end of Period 38 11 49
========= ========= =====
</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 Kahn-Carlin & Company, Inc. NSP2108136 Directors & Officers Liability 5/9/98 Paid
& Surplus Roy Fabry
Telephone (954) 767-6066
Reliance Insurance Kahn-Carlin & Company, Inc. QB8615829 Commercial Application, 10/9/98 Monthly
Company Property, General Liability,
Business Auto, Garage & Dealers,
Crime, Umbrella
Kemper-American Kahn-Carlin & Company, Inc. 3BG01594400 Workers Compensation 10/9/98 Monthly
Motorists Ins.
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 27 of 28
<PAGE> 28
ATTACHMENT #8
SIGNIFICANT DEVELOPMENTS DURING REPORTING PERIOD
For the Period Beginning February 1, 1998 and Ending February 28, 1998
1. Obtained court approval for a $500,000 debtor-in-possession credit facility
from BayTech Investments, Inc.
2. Executed a Letter of Intent with Bobby Allison Cellular Systems of Florida,
Inc., for its merger with and into 2Connect upon confirmation of a Plan of
Reorganization, which would incorporate such merger.
3. Obtained court approval for certain inventory liquidations, via bulk sales,
of existing inventory.
We anticipate filing a Plan of Reorganization and Disclosure Statement on or
before:
EXCLUSIVITY PERIOD ENDS MAY 12, 1998.
Page 28 of 28
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