<PAGE>
PRO FORMA STATEMENTS
FOR THE YEAR ENDED DECEMBER 31, 1999
(UNAUDITED)
EXHIBIT 99.1
The following unaudited Pro Forma Statements have been derived from the audited
financial statements of Flexxtech Corporation (A) for the year ended December
31, 1999 and the unaudited financial statements of Murdock, Inc. (B) for the
twelve months period ended December 31, 1999. The unaudited Pro Forma Statements
of Operations and financial conditions reflects the acquisition by A (a
reporting company) of B (a previously non public company) in an acquisition
using purchase method of accounting and assumes that such acquisition was
consummated as of January 1, 1999. The unaudited Pro Forma Statement of
Operations and financial conditions should be read in conjunction with the
Financial Statements of A & the Financial Statements of B and the Notes to the
financial statements. The Pro Forma Statement of Operations does not purport to
represent what the Company's results of operations would actually have been if
the acquisition of B had occurred on the date indicated or to project the
company's results of operations for any future period or date. The Pro Forma
adjustments, as described in the accompanying data, are based on available
information and the assumption set forth in the foot notes below, which
management believes are reasonable
PRO FORMA STATEMENT OF OPERATIONS
FOR THE YEAR ENDED DECEMBER 31, 1999
(UNAUDITED)
<TABLE>
<CAPTION>
Flexxtech Murdock Pro Forma Pro Forma
(Historical) (Historical) Adjustment Combined
--------------- -------------- ------------- --------------
<S> <C> <C> <C> <C>
Sales $ 2,257 $ 956,281 $ - $ 958,538
Cost of Sales 2,094 562,579 - 564,673
----------- ---------- ---------- ----------
Gross profit 163 393,702 - 393,865
Operating expenses (24,698) (416,068) - (440,766)
----------- ---------- ---------- ----------
Loss from operations (24,535) (22,366) - (46,901)
Other Income (expense) - 9,970 9,970
----------- ---------- ---------- ----------
(24,535) (12,396) - (36,931)
Provision for taxes - 800 - 800
------------ ---------- ---------- ----------
NET INCOME (LOSS) $ (24,535) $ (13,196) $ - $ (37,731)
============ ========== ========== ==========
EARNINGS PER SHARE
Weighted -average number of
shares outstanding 2,668,417 100 600,000 (3) 3,268,417
============ =========== ========== ==========
Loss per share $ (0.009) $ (131.96) $ $ (0.01)
============ =========== ==========
</TABLE>
NOTES:
(1) Earnings per share data shown above are applicable for both primary and
fully diluted.
(2) Weighted-average number of shares outstanding for the combined entity
includes all shares issued as of June 30, 2000 as if outstanding as of the
beginning of the period.
(3) Weighted average number of shares outstanding for combined entity includes
2,668,4178 shares of Flexxtech and 600,000 shares issued to the
shareholders of Mardock, Inc.
<PAGE>
PRO FORMA STATEMENT OF FINANCIAL CONDITIONS
AS OF DECEMBER 31, 1999
(UNAUDITED)
<TABLE>
<CAPTION>
Flexxtech Murdock Pro Forma Pro Forma
(Historical) (Historical) Adjustment Combined
------------ ------------ ------------ ----------
<S> <C> <C> <C> <C>
ASSETS
Current Assets $ 2,869 $ 212,686 $ - $ 215,555
Property & equipment, net - 29,903 - 29,903
Goodwill - - (3) 531,243 531,243
------------- -------- --------- ---------
TOTAL ASSETS $ 2,869 $ 242,589 $ 531,243 $ 776,701
============= ======== ========= =========
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities $ 3,330 $ 160,514 $ $ 163,844
Long term liabilities - 54,331 - 54,331
------------- -------- --------- ---------
Total liabilities 3,330 214,845 0 218,175
------------- -------- --------- ---------
Stockholders' equity;
Common stock 2,668 302 (2) 600 3,268
(1) (302)
Additional paid-in capital 24,069 48,473 (2) 599,400 623,469
(1) (48,473)
Retained earnings (deficit) (27,198) (21,031) (1) 21,031 (68,211)
(1) (41,013)
------------- -------- --------- ---------
Total stockholders' equity (461) 27,744 531,243 558,526
TOTAL LIABILITIES AND ------------- -------- --------- ---------
STOCKHOLDERS' EQUITY $ 2,869 $ 242,589 $ 531,243 $ 776,701
============= ======== ========= =========
</TABLE>
NOTES;
(1) Elimination of Equity of Mardock, Inc. before merger
(2) Issuance of 600000 shares of Common stock of $.001 par value to shareholders
of Mardock, Inc. at a value of $1 per share
(3) Recording of Goodwill on issuance of 600,000 shares of Flexxtech at $1 each
for 100% assets and liabilities of Mardock at the acquisition date with a
net value of $68,757
