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ARCHER SYSTEMS LIMITED, INC.
CONSOLIDATED BALANCE SHEET
PROFORMA FOR SUBSEQUENT EVENTS
PERIOD ENDING APRIL 30, 2000
<TABLE>
<CAPTION>
PROFORMA
APRIL 30 APRIL 30
2000 PROFORMA 2000
(Audited) ADJUSTMENTS (Unaudited)
---------------- --------------- --------------
<S> <C> <C> <C>
ASSETS
--------------------
CURRENT ASSETS
CASH $726 $0 $726
PREPAID EXPENSES 1,030 0 1,030
---------------- ---------------- --------------
TOTAL CURRENT ASSETS 1,756 0 1,756
OTHER ASSETS
SECURITY DEPOSIT 6,000 6,000
PREPAID EMPLOYMENT CONTRACT 155,000 155,000
INVESTMENT - LONG-TERM 0 336,000 336,000
---------------- ---------------- --------------
TOTAL OTHER ASSESTS 161,000 336,000 497,000
TOTAL ASSETS 162,756 336,000 498,756
---------------- ---------------- --------------
LIABILITIES AND STOCKHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES
ACCOUNTS PAYABLE 11,144 0 11,144
ACCRUED EXPENSES 28,692 0 28,692
---------------- ---------------- --------------
TOTAL CURRENT LIABILITIES 39,836 0 39,836
LONG-TERM LIABILITIES 50,983 0 50,983
---------------- ---------------- --------------
TOTAL LONG-TERM LIABILITIES 50,983 0 50,983
STOCKHOLDERS' EQUITY
COMMON STOCK 323 (1) 4,308 4,631
PAID-IN CAPITAL 249,615 (1) 331,692 581,307
ACCUMULATED DEFICIT (178,001) (178,001)
---------------- ---------------- --------------
TOTAL STOCKHOLDERS' EQUITY 71,937 336,000 407,937
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $162,756 $336,000 $498,756
---------------- ---------------- --------------
</TABLE>
1. On May 18, 2000, the Company issued 4,307,692 shares of Archer common stock
per strategic alliance agreement with Infe.com and received 300,000 shares
of Infe.com common stock in an exchange of common stock valued at $336,000.
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