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 21, 1998
_______________
AMETECH, INC.
________________________________________________________________
(Exact name of registrant as specified in Charter)
Oklahoma 0-19009 73-0766924
_________________ ___________ ___________________
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File No.) Identification No.)
Incorporation)
1813 Southeast 25th Street, Oklahoma City, Oklahoma 73129
________________________________________________________________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (405) 677-8781
______________
<PAGE>
<PAGE>
Item 2. Acquisition or Disposition of Assets.
_____________________________________
As was previously reported, the Registrant and its wholly
owned, primary operating subsidiary, Environmental Transportation
Services, Inc. ("ETS"), each filed a Petition for Voluntary
Bankruptcy ("Bankruptcy Petitions") under Chapter 11, Title 11 of
the United States Code. The case number assigned to the
Registrant's petition is 98-11021 BH and the case number assigned
to ETS' petition is 98-11018 BH. Pursuant to an order granting
joint case administration, both the Registrant petition and the ETS
petition are being administered under the ETS case number.
The Bankruptcy Court for the Western District of Oklahoma
("Bankruptcy Court"), assumed jurisdiction over substantially all
of the assets and business of the Registrant on February 2, 1998.
As previously reported, on April 7, 1998, the Bankruptcy Court
approved a sale ("Metropolitan Sale") of a substantial portion of
the assets of the Registrant and ETS, pursuant to a certain
Purchase and Sale Agreement ("Purchase Agreement") between ETS and
Metropolitan Environmental Inc., an Indiana corporation
("Metropolitan"). The Purchase Agreement provides for the sale of
a substantial portion of the assets of ETS to Metropolitan for
approximately $2,800,000, subject to adjustment ("Sale Price"),
consisting of: (i) approximately $2,100,000 for the Rolling Stock,
Rolloff Containers, and Container Rental Business (as such terms
are defined in the Purchase Agreement), (ii) approximately
$200,000 for the Fixed Assets, Spare Parts and Inventory (as such
terms are defined in the Purchase Agreement), and (iii)
approximately $500,000 for the Real Property (as defined in the
Purchase Agreement). Under the terms of the Purchase Agreement,
Metropolitan may choose to exclude some or all of the Real Property
and the Fixed Assets, Spare Parts and Inventory from the
transaction, which exclusion would result in a commensurate
reduction in the Sale Price. The Sale Price is also subject to
adjustment under certain other conditions, such as a determination
of environmental damage to the Real Property.
On April 21, 1998, the Metropolitan Sale closed regarding the
Rolling Stock, Rolloff Containers and Container Rental Business.
The proceeds from such closing (approximately $2,100,000) have been
placed in an ETS bank account which requires joint authorization of
ETS and of the primary secured creditor of ETS for any disbursement
therefrom.
As was previously reported, Metropolitan excluded all of the
Fixed Assets, Spare Parts and Inventory from the Purchase Agreement
transaction and such were sold in an auction on April 27, 1998, for
approximately $40,000, pursuant to an order of the Bankruptcy
Court.
-1-
<PAGE>
The closing of the sale of the Parcel of the Real Property
located in Tennessee (as such terms are defined in the Purchase
Agreement) is subject to satisfactory resolution of an issue
regarding title to such Parcel. It is anticipated by the
Registrant that the title issue will be resolved by July, however
the Registrant and Metropolitan have agreed that if the title
defect is not resolved by August 31, 1998, either party will have
the ability to terminate the Purchase Agreement regarding the
Parcel in Tennessee. No assurance can be made that the title issue
will be resolved or that the Parcel will be sold to Metropolitan by
July, or at all.
The closing of the sale of the other Parcel, located in
Oklahoma, is subject to a determination of the cost of remediation
of alleged environmental contamination of the Parcel. Metropolitan
and the Registrant intend to enter into an Escrow Agreement, the
form of which is attached hereto as Exhibit 99.2, pursuant to which
Metropolitan will place $250,000 into an escrow account as the
purchase price for the Parcel in Oklahoma. Pursuant to the terms
of the Purchase Agreement, if it is estimated that the remediation
cost is $15,000 or less, the sale price of the Parcel will be
reduced by such estimated remediation cost and funds in an amount
equal to the remediation cost will be removed from the escrow
account and returned to Metropolitan. The balance of the funds in
the escrow account will then be delivered to ETS and title in the
Parcel will be transferred to Metropolitan.
If it is estimated that the remediation cost is more than
$15,000 then one of the following may occur: (i) either
Metropolitan or ETS may terminate the Purchase Agreement regarding
the Parcel, in which case the $250,000 will be removed from the
escrow account and delivered to Metropolitan or (ii) Metropolitan
may elect to purchase the Parcel, in which case the sale price of
the Parcel will be reduced by $15,000 and $15,000 will be removed
from the escrow account and returned to Metropolitan. The balance
of the funds in the escrow account will then be delivered to ETS
and title in the Parcel will be transferred to Metropolitan.
Item 3. Bankruptcy or Receivership.
__________________________
Following the filing of the Bankruptcy Petitions, the existing
officers and directors of the Registrant continued to operate the
Registrant as debtors in possession, subject to the supervision and
orders of the Bankruptcy Court. The Board of Directors of the
Registrant has approved an application to convert the bankruptcy
proceeding under Chapter 11, Title 11 of the United States
Code to a bankruptcy proceeding under Chapter 7, Title 11 of the
United States Code. The Registrant intends to file such application
promptly. If such conversion is permitted, it is anticipated that
a trustee will be appointed by the Bankruptcy Court to oversee the
-2-
<PAGE>
Registrant and complete the orderly liquidation of its remaining
assets.
Item 5. Other Events.
____________
It is anticipated that upon the conversion of the bankruptcy
from Chapter 11 to Chapter 7, as described under Item 3 herein, the
three directors of the Registrant, Michael R. D'Appolonia, Pierre
Benoit, and Jay T. Edwards will resign as directors of the Registrant
and as directors of ETS. It is also anticipated that at that time,
Mr. D'Appolonia will also resign from his positions as Chief
Executive Officer and President of both the Registrant and ETS.
The Registrant has not filed its Quarterly Reports on Form 10-
Q for the quarterly period ended June 30, 1997, or for the
quarterly period ended September 30, 1997. The Registrant has also
not filed its Annual Report on Form 10-K for the year ended
December 31, 1997. The Registrant submitted a request for a no-
action letter from the Staff ("Staff") of the Securities and
Exchange Commission (the "Commission") regarding its desire to be
substantially exempt from the reporting requirements under the
Securities Exchange Act of 1934 due to, among other things, the
financial condition of the Registrant. Because the Registrant was
delinquent in its reporting obligations to the Commission at the
time of the Request, the Registrant has withdrawn the Request upon
advice of the Staff.
In an effort to provide information regarding the status of
the Registrant to its shareholders, attached hereto is a copy of
the Monthly Report for the month ended March 31, 1998, as filed
with the Bankruptcy Court on April 21, 1998.
The Registrant does not anticipate that operations of the
Registrant or ETS will resume; however, no assurance can be given
to such effect.
Item 7. Financial Statements and Exhibits.
---------------------------------
(c) Exhibits.
2.1 Purchase and Sale Agreement, dated as of
February 26, 1998, by and between Environmental
Transportation Services, Inc., and Metropolitan
Environmental, Inc. is incorporated by reference
from Exhibit 2.1 from the Company's Current Report
on Form 8-K dated April 7, 1998.
2.2 Order Authorizing Debtor-In-Possession to Sell
Assets Free and Clear of All Liens and Encumbrances
Pursuant to 11 U.S.C. Section 363, as filed April 7, 1998
is incorporated by reference from Exhibit 2.2 from
-3-
<PAGE>
the Company's Current Report on Form 8-K dated
April 7, 1998.
99.1 Monthly Report for the month ended March 31, 1998,
as filed April 21, 1998 with the United States
Bankruptcy Court for the Western District of
Oklahoma, In Re: AMETECH, Inc. and Environmental
Transportation Services, Inc.
99.2 Form of Escrow Agreement between AMETECH, Inc. and
Metropolitan Environmental Inc.
-4-
<PAGE>
<PAGE>
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 hereunto duly authorized.
AMETECH, INC.
________________________________
(Registrant)
May 4, 1998 By /s/ Michael R. D'Appolonia
______________________________
Michael R. D'Appolonia,
President
-5-
<PAGE>
UNITED STATES BANKRUPTCY COURT
WESTERN DISTRICT OF OKLAHOMA
In re: Ametech Inc and )
Environmental )
Transportation ) Case No. 98-11018 BH
Services Inc. ) Chapter 11
)
)
Debtor(s) )
)
)
_______________________________
MONTHLY REPORT
______________
FOR MONTH OF March 31, 1998
NOTE: This Report and attached Statements are due for each
calendar month period from time of filing petition (first report
will be for a short period) until the case is dismissed,
converted or a plan is confirmed. The report is due the 15th of
the month following the reporting period. (i.e. the January
report is due February 15th)
<PAGE>
<PAGE>
CASE NAME: Ametech/ETS
CASE NO.: 98-11018-BH
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
For Month of March 31, 1998
1. Provide the following information regarding salaries/wages
paid/due.
GROSS amount of executive salaries paid 25,000.00
____________________
<TABLE>
<CAPTION>
Name Title Amount
<S> <C> <C>
Michael R. D'Appolonia President & CEO 25,000
______________________ _______________ __________
______________________ _______________ __________
______________________ _______________ __________
</TABLE>
Gross amount of other wages paid 15,515.16
___________
Were any wages/salaries due but not paid for this current
month? YES NO X
___ ___
If yes, provide the employee's name and title and amount due
on separate page.
For sole proprietors or partnerships; provide amount of
owners or partners draws of any form. _________________________
2. Provide the following information regarding taxes paid/due.
Are all post-petition federal and state taxes paid or
deposited for the period? YES X NO
_____ _____
Provide dollar detail of taxes for this period.
<TABLE>
<CAPTION>
Amounts OWED Amounts PAID in
Type of tax for Month current report Month
______________ _________________ _________________________
FOR WHICH
AMOUNTS AMOUNTS PAYROLL MONTH(S)
_______ __________ __________________
<S> <C> <C> <C>
Federal withholding 8,535.80 8,535.80 Mar 1998
_______________________________________________________________
FICA withholding 1,915,20 1,915.20 Mar 1998
_______________________________________________________________
Employer's FICA 1,915.21 1,915.21 Mar 1998
_______________________________________________________________
State withholding 1,561.41 1,561.41 Mar 1998
_______________________________________________________________
Sales tax
_______________________________________________________________
Other taxes
(Describe)
_______________________________________________________________
</TABLE>
Attached photocopies of IRS Form 6123 or receipt of tax
deposit and similar receipt/form for state taxing authorities to
verify state deposits or payments.
Page 1 of 3
<PAGE>
<PAGE>
CASE NAME: Ametech/ETS
____________________
CASE NO.: 98-11018-BH
____________________
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
For month of March 31, 1998
3. Does all insurance coverage remain in effect? YES X NO
___ ___
<TABLE>
<CAPTION>
Type Carrier Policy# Exp. Date
______ _________ ________ __________
<S> <C> <C> <C>
Property damage Commercial Inland Marine 661-00-68 5/21/98
_________________________________________________________________
Liability Marketing Companies APP5047 1/21/99
_________________________________________________________________
Workers' State Insurance Fund 00383231 5/1/98
compensation
_________________________________________________________________
Other
_________________________________________________________________
</TABLE>
4. Do all required licenses remain in effect? YES X NO
____ _____
<TABLE>
<CAPTION>
Description Renewal date
_____________ ____________
<S> <C>
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
</TABLE>
5. FOR CORPORATE DEBTORS: Is the corporate charter in good
standing? YES X NO If NO, comment below:
____ ____
_________________________________________________________________
_________________________________________________________________
_________________________________________________________________
6. PROFESSION FEES PAID: YES NO X
____ ____
If YES, comment below:
<TABLE>
<CAPTION>
PAYMENT
AMOUNT AGE DATE
<S> <C> <C> <C> <C>
Attorneys fees ________ ______ __________
Other professional fees: ________ ______ __________ _________
____________ _________ ________ ______
________________________ ________ ______
</TABLE>
Page 2 of 3
<PAGE>
<PAGE>
CASE NAME: Ametech/ETS
____________________
CASE NO.: 98-11018-BH
____________________
CHAPTER 11
MONTHLY REPORTING AFFIDAVIT
For month of March 31, 1998
7. Check [X] to indicate which of the following forms are
attached:
<TABLE>
<CAPTION>
EXHIBIT
___________
<S> <C>
-Income statement "A" X
__ __
-Receipts and Disbursements Summary
(Summary for each bank account) "B" X
__ __
-Cash Disbursements listing "C" X
__ __
-Copy of bank reconciliation & statement(s) "D" X
__ __
-Balance Sheet "E" X
__ __
-Statement of Aged Accounts Receivable "F" X
__ __
-Statement of Aged Post Petition Accounts
and Taxes Payable "G" X
__ __
-Receipts and Disbursements(Individual Only) "H" X
__ __
-Copy of Chapter 11 Quarterly Fee
Payment Report (include for the last
month of the quarter which the fee
is calculated) "I" X
__ __
-IRS Form 6123 or copy of tax deposit "J" X
receipt __ __
-Other Information Required/Requested " "
___ __ __
</TABLE>
1 Upon written approval by the office of the U.S.T., debtors
may use their pre-bankruptcy accounting formats for the above; If
at a minimum, the information contained in the attached U.S.T.
sample forms are provided. Statements must be prepared in
accordance with generally accepted accounting principles.
I(we) declare under penalty of perjury that this Report and
attached Statements are true and correct to the best of my (our)
knowledge and belief.
DATED: April 20, 1998 DEBTOR: /s/ Scott Brown *
________________
CO-DEBTOR: **
_________________
* This report must be signed by an individual having sufficient
knowledge of the facts to make a truthful and full statement.
** If this is a joint petition, both husband and wife must sign.
REV. 02/18/94 Page 3 of 3
<PAGE>
<PAGE>
Case Name: Ametech/ETS
Case No.: 98-11018 BH
<TABLE>
<CAPTION>
AMETECH, INC. AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENT
March 31,1998
<S> <C> <C>
REVENUES:
Transportation Business
Roll-off box rental 39,600
Other (637)
____________
38,964
COSTS AND EXPENSES:
Wages 46,289
Contract Labor 7,595
Interest Expense 23,070
License & permits 1,798
Taxes 2,900
Legal 14,759
Loss on Sale 184,360
Travel 7,663
Utilities 7,737
Misc Other 30,572
____________
326,743
____________
EARNINGS BEFORE
DEPRECIATION AND TAXES (287,780)
____________
OTHER INCOME (EXPENSE):
Depreciation (28,783)
____________
(28,783)
EARNINGS BEFORE TAXES (316,563)
Income Taxes (227,555)
____________
NET INCOME (LOSS) (89,008)
============
</TABLE>
04/20/98 03:37PM
<PAGE>
CASE NAME: Ametech/ETS
___________
CASE NO.: 98-11018-BH
_____________
<TABLE>
<CAPTION>
CHAPTER 11
RECEIPTS AND DISBURSEMENTS SUMMARY (EXHIBIT "B")
For month of March 31, 1998
Operating Account No. 003625702
__________
<S> <C> <C> <C>
1. BEGINNING checkbook balance $ 33,825.45
___________
2. Cash receipts for the month
Collection of accounts receivable __________
Cash sales __________
Transfers from other Accounts 81,000.00
Other (interest, dividends, gifts) __________
____________________________
____________________________ __________
____________________________ __________
TOTAL cash receipts for the month 81,000.00
__________
3. Cash disbursements for the month
Per attached list of disbursements 62,485.02
__________
Other Payroll transfer 42,000
____________________________ __________
Lockbox Transfer 8,913.87
____________________________ __________
Bank Account Charges 600.00
____________________________ __________
TOTAL cash disbursements for the month 113,998.89
__________
4. ENDING checkbook balance (1+2-3) $ 831.46
===========
</TABLE>
<TABLE>
<CAPTION>
Payroll Account No. 0003625702
_____________
<S> <C> <C> <C>
1. BEGINNING checkbook balance $ 826.56
___________
2. Cash receipts for the month
Transfers from other
Account 000365720 42,000
___________ ______________
Collection of accounts
receivable ______________
Other ______________
_________________________ ______________
_________________________ ______________
_________________________ ______________
TOTAL cash receipts for the month 42,000
___________
3. Cash disbursements for the month
Per attached list of
disbursements 42,081.87
_____________
Other _____________
____________________________ _____________
____________________________ _____________
____________________________ _____________
TOTAL cash disbursements for
the month 42,081.87
___________
4. ENDING checkbook balance (1+2-3) $ 749.59
===========
</TABLE>
Page 1 of 2
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
AP750 CHECK REGISTER PAGE 1 13 MAR 1998
WITH BEGINNING CHECK DATE: 03/01/98 AND ENDING CHECK DATE
03/31/98
FOR COMPANY: 03
CHECK....CHECK...ISSUED..VENDOR....... CHK.. DISCOUNT.VOID. TYPE
DATE.....NUMBER..TO AMOUNT..AMOUNT.AMOUNT..
<S> <C> <C> <C> <C> <C> <C> <C>
03/02/98 2039 10376 MILLS
TRUCKING INC. 1,800.00 DC
03/04/98 2040 7334 AIRBORNE
EXPRESS 118.14 DC
03/04/98 2041 7140 OG&E 772.81 DC
03/04/98 2042 10482 NELSON MARILYN 639.22 DC
03/04/98 2043 10207 BELL SOUTH 527.26 DC
03/04/98 2044 6989 OKLAHOMA
NATURAL GAS 1,224.34 DC
03/04/98 2045 7998 VEREL, CHERYL 44.56 DC
03/04/98 2046 9869 SOUTHWESTERN
BELL 328.17 DC
03/04/98 2047 10494 D'APPOLONIA,
MICHAEL 1,422.42 DC
03/27/98 2118 7837 TRI STATE
SECURITY
AGENCY INC 2,184.00 DC
03/18/98 BW31898 10494 D'APPOLONIA 1,653.51 DC
03/26/98 CLEAR 7334 AIRBORNE
3198 EXPRESS 0.00 M
03/25/98 CLEAR 10207 BELLSOUTH 0.00 M
3298
03/25/98 CLEAR 55400 HASTIE &
3498 STEINHORN 0.00 M
03/25/98 CLEAR 7791 HAZCO SERVICES 0.00 M
3598
03/25/98 CLEAR 7448 LAIDLAW ENV.
3698 SVCS.(TG),INC. 0.00 M
03/25/98 CLEAR 8847 NAYLOR PUMP
3798 CO. INC 0.00 M
03/25/98 CLEAR 7140 OG&E 0.00 M
3898
03/25/98 CLEAR 6987 OKLAHOMA
31098 NATURAL GAS 0.00 M
03/25/98 CLEAR 36000 SYSTECH CORP. 0.00 M
31198
03/25/98 CLEAR 56384 TRAVEL INC 0.00 M
31298
03/04/98 D2048 10555 COX W G 2,400.00 DC
03/04/98 D2049 10556 TORC INC. 540.00 DC
03/05/98 D2050 10383 SUTTLES EDDYE 296.00 DC
03/09/98 D2051 8924 CORNISH,JERRY 377.00 DC
03/09/98 D2052 8936 OHL JAMES 377.00 DC
03/09/98 D2053 10557 LIGHT ERNEST
J CPA 4,450.00 DC
03/11/98 D2054 8172 SIGNAL TANK
WASH 143.00 DC
03/11/98 D2055 7937 TRI STATE
SECURITY
AGENCY, INC. 4,368.00 DC
03/12/98 D2056 10424 D'APPOLONIA,
MICHAEL 3,619.65 DC
03/12/98 D2057 10383 SUTTLES, EDDYE 198.88 DC
03/16/98 D2061 9370 CROSSLANDS
RENTAL & SALES 500.00 DC
03/16/98 D2063 10314 JAMES, MELVIN 379.49 DC
03/16/98 D2064 8936 OHL JAMES 442.00 DC
03/16/98 D2065 8924 CORNISH, JERRY 533.00 DC
03/16/98 D2066 9111 ATLANTA GAS
LIGHT COMPANY 180.22 DC
03/16/98 D2067 9874 AT&T 30.54 DC
03/16/98 D2068 7334 AIRBORNE EXPRESS 274.82 DC
03/16/98 D2069 9682 BROWNING FERRIS
INDUSTRIES 114.81 DC
03/16/98 D2070 10489 HOSS EXPRESS 35.00 DC
03/16/98 D2071 10482 NELSON MARILYN 205.34 DC
03/16/98 D2072 8373 CITY OF OKLA
CITY 171.20 DC
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CHECK....CHECK...ISSUED...VENDOR.......CK......DISCOUNT.VOID...TYPE
DATE.....NUMBER..TO.... AMOUNT..AMOUNT...AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C>
03/16/98 D2073 7240 TENNESSEE
AMERICAN
WATER CO. 98.03 DC
03/16/98 D2075 9456 LABOR
READY,INC. 281.13 DC
03/17/98 D2078 10553 US BANKRUPTCY
COURT 0.00 -150.00 V
03/17/98 D2079 10553 US BANKRUPTCY
COURT 0.00 -150.00 V
03/17/98 D2080 8924 CORNISH, JERRY 80.69 DC
03/17/98 D2081 8936 OHL JAMES 162.23 DC
03/18/98 D2082 10436 ARKANSAS DEPT
OF FIN-SALES 114.00 DC
03/18/98 D2083 10000 OKLAHOMA 243.15 DC
TAX COMMISSION
03/18/98 D2084 10400 STATE OF
WASHINGTON-
SALES 105.04 DC
03/18/98 D2085 8664 TEXAS SALES
AND USE TAX
DEPT 189.90 DC
03/18/98 D2086 10410 TENNESSEE DEPT
OF REV-SALES 600.00 DC
03/18/98 D2087 10409 GEORGIA DEPT OF
REV-SALES 106.17 DC
03/18/98 D2088 10439 FLORIDA DEPT OF
REVENUE-SALES 131.62 DC
03/18/98 D2089 10207 BELLSOUTH 64.99 DC
03/18/98 D2090 9869 SOUTHWESTERN
BELL 54.52 DC
03/18/98 D2091 9595 AT&T CUSTOM
NET SERVICE 243.56 DC
03/18/98 D2092 10371 WASTE
INDUSTRIES INC 49.00 DC
03/18/98 D2093 10559 LOVES BOXES 414.27 DC
03/19/98 D2094 7055 PETTY CASH-OKC 447.18 DC
03/20/98 D2095 10314 JAMES, MELVIN 200.00 DC
03/20/98 D2096 10102 WAKITA ROBERTS 198.00 DC
03/20/98 D2097 8936 OHL JAMES 180.00 DC
03/23/98 D2098 9370 CROSSLANDS
RENTAL AND
SALES 360.00 DC
03/23/98 D2099 10559 LIGHT ERNEST
J CPA 3.00 DC
03/23/98 D2100 9456 LABOR READY,INC 290.36 DC
03/23/98 D2101 10462 BROWN SCOTT 155.50 DC
03/25/98 D2102 8343 VIVIAN GEORGE 100.00 DC
03/25/98 D2103 9362 CONNER
& WINTERS 12,500.00 DC
03/26/98 D2104 7334 AIRBORNE
EXPRESS 164.49 DC
03/26/98 D2105 10462 BROWN SCOTT 461.50 DC
03/26/98 D2106 8924 CORNISH,JERRY 208.00 DC
03/26/98 D2107 8211 FINLEY MARGARET 900.00 DC
03/26/98 D2108 10314 JAMES, MELVIN 900.00 DC
03/26/98 D2109 8142 LONGORIA,
BLANCHE 900.00 DC
03/26/98 D2110 8936 OHL JAMES 208.00 DC
03/26/98 D2111 7140 OG&E 27.04 DC
03/26/98 D2112 10267 BLACK R K 246.05 DC
03/26/98 D2113 4598 SOUTHWESTERN
BELL 31.79 DC
03/26/98 D2114 4598 SOUTHWESTERN
BELL 125.88 DC
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CHECK....CHECK...ISSUED..VENDOR....... CHK......DISCOUNT..VOID..TYPE
DATE.....AMOUNT..TO AMOUNT....AMOUNT..AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C>
03/26/98 D2115 7998 VEREL, CHERYL 900.00 DC
03/26/98 D2117 10102 WAKITA ROBERTS 261.00 DC
03/31/98 D2119 10555 COX W G 1,837.50 DC
03/31/98 D2120 7055 PETTY CASH-OKC 319.00 DC
03/16/98 M2058 5710 ADT SECURITY
SYSTEMS 60.00 M
03/16/98 M2059 10267 BLACK R K 246.05 M
03/16/98 M2060 9484 IBM OK/ARK 159.00 M
03/16/98 M2062 3163 LANIER BUS
SYSTEMS INC 45.00 M
03/16/98 M2074 10383 SUTTLES EDDYE 328.38 M
03/16/98 M2076 8924 CORNISH, JERRY 468.00 M
03/16/98 M2077 8936 OHL JAMES 468.00 M
03/23/98 M2099 10559 LIGHT ERNEST
J CPA 4,450.00 M
03/26/98 M2106 8924 CORNISH, JERRY 468.00 M
03/26/98 M2110 8936 OHL JAMES 468.00 M
03/26/98 M2116 10383 SUTTLES EDDYE 411.62 M
*** 62,785.02 0.00 -300.00
62,785.02 0.00 -300.00
</TABLE>
96 records listed.
<PAGE>
<PAGE>
Case Name: Ametech/ETS
Case No.: 98-11018-BH
<TABLE>
<CAPTION>
Chapter 11
Attachment to Cash Receipts & Disbursement Statement
For the Month of March 31, 1998
Payroll Account
AMETECH, INC. AND SUBSIDIARIES
Payroll Disbursements
20-Apr-98
Payroll
Payroll Taxes Total
______________ _____________ ___________
<S> <C> <C> <C>
13-Mar-98 13,498.62 7,262.97 20,761.59
31-Mar-98 14,655.63 6,664.65 21,320.28
______________ _____________ ___________
28,154.25 13,927.62 42,081.87
Misc. Charges 0.00
____________
42,081.87
============
</TABLE>
See attached payroll for detail
4/20/98 03:25 PM
<PAGE>
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-1399-08350 BAZE JOHN ----------Q-TO-D---------
941 BRADLEY 3287.50
OKLA CITY OK 73127 ----------Y-TO-D---------
1 REGULAR 2887.50
SS-NO ###-##-#### FRQ S STAT T 9C ON CALL 400.00
BASE 1443.75 M/S M SEX M
HIRE 02/24/92 FTC 04 FADJ $010
TERM 01/31/98 STC 04 SADJ $002
ST1 OK
PEN N
_________________________________________________________________
0-9500-11600 BROWN, SCOTT N 1 REGULAR 1875.00
1931 E. ENSEY ----------Q-TO-D---------
MUSTANG, OK 73064 11250.00
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 11250.00
BASE 1875.00 M/S M SEX M
HIRE 10/20/97 FTC 00
STC 00
ST1 OK
PEN N
EFT-ACCOUNT# ID BK TP TRANSIT-NO
1414073862 A MC C 3030-8799-5
_________________________________________________________________
0-9500-16800 D'APPOLONIA MICHAEL R 1 REGULAR 12500.00
756 FAIRVIEW ROAD ----------Q-TO-D---------
PITTSBURGH, PA 15238 75000.00
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 75000.00
BASE 12,500 M/S M SEX M
HIRE 10/03/97 FTC 09
STC 09
ST1 PA
PEN N
EFT-ACCOUNT# ID BK TP TRANSIT-NO
3017107 A ME C 0430-0026-1
_________________________________________________________________
0-9500-27920 FINLEY MARGARET E. 1 REGULAR 1366.33
9836 CREST DRIVE ----------Q-TO-D---------
MIDWEST CITY OK 8197.98
73130 ----------Y-TO-D---------
1 REGULAR 8197.98
SS-NO ###-##-#### FRQ S STAT A
BASE 1366.33 M/S S SEX F
HIRE 06/09/92 FTC 02
STC 02
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
5485762 B LA S 1030-0019-8
<PAGE>
084
03/15/98 S-03/13/98 PAY
05 1
Report Date CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
- --------BAL/LMT-------- 3287.50 GRCOMP .00
EXPRC 800.00 BAL 3287.50 GRPAY .00
3725.00 LMT 203.83 SSEC .00
- ---------Y-TO-D-------- 47.67 MDCR .00
EXPRC 200.00 297.50 FIT .00
MED2 244.00 146.76 ST1 OK .00
444.00 TOTDED .00
2147.74 NET .00
QTD WEEKS WORKED 2.17
__________________________________________________________________
EFTAB 11250.00 GRCOMP 1875.00
11250.00 GRPAY 1875.00
697.50 SSEC 116.25
163.13 MDCR 27.19
1445.64 FIT 240.94
573.96 ST1 OK 95.66
8369.77 NET 1394.96 A353
EFT A 1394.96
QTD WEEKS WORKED 10.85
_________________________________________________________________
EFTAB 75000.00 GRCOMP 12500.00
75000.00 GRPAY 12500.00
4240.80 SSEC 365.80
1087.50 MDCR 181.25
20323.98 FIT 3387.33
2100.00 ST1 PA 350.00
47247.72 NET 8215.62 A354
EFT A 8215.62
QTD WEEKS WORKED 10.85
__________________________________________________________________
MED2 122.00 005* 8197.98 GRCOMP 1366.33
EFTB1 75.00 8197.98 GRPAY 1366.33
EFTC2 25.00 508.27 SSEC 84.71
EFTAB 118.87 MDCR 19.81
- --------Y-TO-D------- 943.80 FIT 157.30
MED2 732.00 405.12 ST1 OK 67.52
732.00 TOTDED 122.00
5489.92 NET 914.99 A355
EFT B 75.00
EFT C 25.00
EFT A 814.99
QTD WEEKS WORKED 10.85
<PAGE>
_________________________________________________________________
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
_________________________________________________________________
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-9500-27920 FINLEY MARGARET E.
*****CONTINUED****
2500811009 C MD C 0653-0590-2
2038498 A LA C 1030-0019-8
_________________________________________________________________
0-9500-30800 GEORGE VIVIAN A ****SUSPENDED****
3901 ACCENT DR. #813 6 STRAIGHT TIME 20.00 310.00
DALLAS, TX 75287 ---------Q-TO-DATE-------
5644.00
SS-NO ###-##-#### FRQ S STAT S ---------Y-TO-DATE-------
BASE 15.5000 M/S S SEX F 1 REGULAR 5334.00
HIRE 09/01/88 FTC 01 6 STRAIGHT TIME 20.00 310.00
STC O1
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
833183332 A BL C 1030-0013-0
_________________________________________________________________
0-3403-31300 GILLIAM ROBERT A ----------Q-TO-D---------
P.O. BOX 74 3559.96
BRYANT, AL 35958 ----------Y-TO-D----------
1 REGULAR 2600.00
SS-NO ###-##-#### FRQ S STAT T 6 STRAIGHT TIME 64.00 959.96
BASE 1300.00 M/S M SEX M
HIRE 01/20/97 FTC 02
TERM 01/16/98 STC 02
ST1 TN
PEN N
_________________________________________________________________
0-3403-37900 HUBERT BOB ----------Q-TO-D---------
7133 RIDGESTONE DR 9500.00
OOLTEWAH TN 37363 ----------Y-TO-D---------
1 REGULAR 9500.00
SS-NO ###-##-#### FRQ S STAT T
BASE 2375.00 M/S M SEX M
HIRE 03/15/94 FTC 02
TERM 02/28/98 STC 02
ST1 TN
<PAGE>
_________________________________________________________________
0-9500-37990 HUGHES DIANA L *****TERMINATED******
106 N DILLON ----------Q-TO-D---------
MOORE, OK 73160 6875.00
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT T 1 REGULAR 6875.00
BASE 1375.00 M/S M SEX F
HIRE 02/24/86 FTC 02 FADJ $005
TERM 03/13/98 STC 02 SADJ $023
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
4273664 B WD S 3030-8563-8
24468084 A TB C 3030-8582-9
_________________________________________________________________
<PAGE>
<PAGE>
084
03/15/98 S-03/13/98 PAY
05 2
Report Date CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
EFTAB 5644.00 GRCOMP 310.00
- ---------Y-TO-D---------- 5644.00 GRPAY 310.00
MED2 146.00 349.93 SSEC 19.22
81.84 MDCR 4.50
731.50 FIT 13.06
274.00 ST1 OK 3.76
146.00 TOTDED .00
4060.73 NET 269.46 A356
EFT A 269.46
QTD WEEKS WORKED 6.51
_________________________________________________________________
- ---------Y-TO-D---------- 3559.96 GRCOMP .00
MED2 194.76 3559.96 GRPAY .00
220.72 SSEC .00
51.62 MDCR .00
397.19 FIT .00
194.76 TOTDED .00
2695.67 NET .00
_________________________________________________________________
- ---------Y-TO-D---------- 9500.00 GRCOMP .00
MED2 488.00 9500.00 GRPAY .00
589.00 SSEC .00
137.75 MDCR .00
1233.84 FIT .00
488.00 TOTDED .00
7051.41 NET .00
_________________________________________________________________
EFTB1 350.00 6875.00 GRCOMP .00
EFTAB 6875.00 GRPAY .00
- ---------Y-TO-D---------- 426.25 SSEC .00
MED 2 60.00 99.69 MDCR .00
685.95 FIT .00
397.45 ST1 OK .00
60.00 TOTDED .00
5205.66 NET .00
EFT B .00
EFT A .00
QTD WEEKS WORKED 8.68
_________________________________________________________________
<PAGE>
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-1399-38300 JAMES MELVEN D. 1 REGULAR 1662.50
RT. 1, BOX 247 ---------Q-TO-DATE-------
S. COFFEYVILLE,OK 9975.00
74072 ---------Y-TO-DATE-------
1 REGULAR 9975.00
SS-NO ###-##-#### FRQ S STAT A
BASE 1662.50 M/S M SEX M
HIRE 07/21/97 FTC 02
ST1 OK
PEN N
EFT-ACCOUNT# ID BK TP TRANSIT-NO
4055003541 A BM C 1030-0363-2
_________________________________________________________________
0-9500-74420 LAYMAN CHRISTIE R ----------Q-TO-D---------
218 E DOUGLAS DR 1000.00
MIDWEST CITY OK ----------Y-TO-D----------
73110 1 REGULAR 1000.00
SS-NO ###-##-#### FRQ S STAT T
BASE 1000.00 M/S S SEX F
HIRE 08/14/89 FTC 00 FADJ $010
TERM 01/15/98 STC 00 SADJ $010
ST1 OK
_________________________________________________________________
<PAGE>
0-1301-53210 LONGORIA BLANCA 1 REGULAR 1001.00
5225 COBLE ----------Q-TO-D---------
OKLA CITY, OK 73135 6078.19
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 6006.00
BASE 1001.00 M/S S SEX F 5 OVERTIME 1.50 25.99
HIRE 07/24/89 FTC 03 6 STRAIGHT 4.00 46.20
STC 03 TIME
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
0001451946 B TB S 3030-8582-9
14519464 A TB C 3030-8582-9
_________________________________________________________________
0-9500-17968 NELSON MARILYN J ---------Q-TO-D---------
9917 TRAFALGAR DR. 5733.36
OKLAHOMA CITY, OK 73139 ---------Y-TO-D---------
1 REGULAR 5733.36
SS-NO ###-##-#### FRQ S STAT T
BASE 1433.34 M/S M SEX F
HIRE 06/01/97 FTC 02
TERM 02/28/98 STC 02
ST1 OK
PEN N
<PAGE>
084
03/15/98 S-03/13/98 PAY
05 3
REPORT DATE CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
MED2 122.00 005* 9975.00 GRCOMP 1662.50
EFTAB 9975.00 GRPAY 1662.50
- ---------Y-TO-D---------- 618.45 SSEC 103.07
MED2 732.00 144.64 MDCR 24.11
1051.86 FIT 175.31
459.72 ST1 OK 76.62
732.00 TOTDED 122.00
6968.33 NET 1161.39 A352
EFT A 1161.39
QTD WEEKS WORKED 10.85
__________________________________________________________________
1000.00 GRCOMP .00
1000.00 GRPAY .00
62.00 SSEC .00
14.50 MDCR .00
143.44 FIT .00
56.78 ST1 OK .00
723.28 NET .00
QTD WEEKS WORKED 2.17
_________________________________________________________________
MED2 122.00 005* 6078.19 GRCOMP 1001.00
EFTB 1 225.00 6078.19 GRPAY 1001.00
EFTAB 376.85 SSEC 62.06
- ----------Y-TO-D---------- 88.13 MDCR 14.51
MED2 732.00 508.59 FIT 82.96
242.65 ST1 OK 39.60
732.00 TOTDED 122.00
4129.97 NET 679.87 A351
EFT B 225.00
EFT A 454.87
QTD WEEKS WORKED 10.85
_________________________________________________________________
5733.36 GRCOMP .00
5733.36 GRPAY .00
355.47 SSEC .00
83.13 MDCR .00
563.76 FIT .00
242.32 ST1 OK .00
4488.68 NET .00
QTD WEEKS WORKED 6.51
_________________________________________________________________
<PAGE>
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-9500-75025 ROBERTS NAKITA E
11120 STRATFORD DR
#126
OKLA CITY OK 73120
SS-NO ###-##-#### FRQ S STAT T
BASE 823.33 M/S S SEX F
HIRE 12/01/96 FTC 02
TERM 12/31/97 STC 02
ST1 OK
_________________________________________________________________
0-9500-90090 VEREL CHERYL 1 REGULAR 1333.50
RT 2 BOX 154A ----------Q-TO-D----------
WELLSTON OK 74881 8001.00
- ----------Y-TO-D----------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 8001.00
BASE 1335.00 M/S S SEX F
HIRE 09/28/87 FTC 01
STC 01
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
3916268 A TB C 1030-1284-3
_________________________________________________________________
0-9500-91840 WALKER KYRA R
1185 MACEY
EL RENO OK 73036
SS-NO ###-##-#### FRQ S STAT T
BASE 775.67 M/S S SEX F
HIRE 12/20/95 FTC 00
TERM 12/17/97 STC 00
ST1 OK
<PAGE>
<PAGE>
084
03/15/98 S-03/13/98 PAY
05 4
REPORT DATE CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
.00 GRCOMP .00
.00 NET .00
_________________________________________________________________
MED2 122.00 005* 8001.00 GRCOMP 1333.50
EFTAB 1 8001.00 GRPAY 1333.50
- ----------Y-TO-D---------- 496.06 SSEC 82.67
116.01 MDCR 19.33
MED2 732.00 1077.66 FIT 179.61
405.36 ST1 OK 67.56
732.00 TOTDED 122.00
5173.91 NET 862.33 A357
EFT A 862.33
QTD WEEKS WORKED 10.85
_________________________________________________________________
.00 GRCOMP .00
.00 GRPAY .00
_________________________________________________________________
<PAGE>
<PAGE>
PAYROLL REGISTER
GRAND TOTALS
E70 AMETECH, INC.
NO. CO. NAME
_________________________________________________________________
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS
CURRENT 1 REGULAR
19,783.33
_________________________________________________________________
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS
Q-TO-D 154,101.99
Y-TO-D 1 REGULAR 152,359.84
6 STRAIGHT TIME 88.00 1,316.16
_________________________________________________________________
DEDUCTION TO NET
CURRENT MED2 488.00
YTD EXPRC 200.00 MED2 4,060.76
_________________________________________________________________
GROSS TO NET WAGES SOCSEC FEDERAL STATE
MEDICR
CUR GRPAY 20048.33 833.78 4236.51 700.72TOT
GRCOMP 20048.33 290.70 4360.64 350.72OK
350.00PA
YTD GRPAY 154101.99 9145.13 29404.71 5304.12TOT
GRCOMP 154101.99 2234.48 3204.12 OK
2100.00 PA
_________________________________________________________________
CURRENT TAX RECAP 0 VOID/MANUAL CHECKS INCLUDED
__________
FORM 8109 FEDERAL DEPOSIT TYPE JURISDICTION TAXABLE
WAGES
EMPLOYEE SSEC 833.78
EMPLOYEE MDCR 290.70
EMPLOYER SSEC 833.80 20,048.33
EMPLOYER MDCR 290.70 20,048.33
EMPLOYEE FIT 4,236.51
TOTAL DEPOSIT 6,485.49
FUTA STANDARD RATE 20,048.33
SUI OK-OKLAHOMA 7,548.33
SUI PA-PENNSYLVANIA 12,500.00
TOTAL 20,048.33
<PAGE>
__________
TAXABLE
WAGES
SIT OK-OKLAHOMA 7,548.33
SIT PA-PENNSYLVANIA 12,500.00
TOTAL 20,048.33
EMPLOYEE CENSUS ACTIVE EMPS 7 NET PAY ANALYSIS
TERM EMPS 8
TOTAL EMPS 15
<PAGE>
084 PAY
03/15/98 S-03/13/98 05 5
REPORT DATE CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
PC DESCRIPTION HOURS EARNINGS
6 STRAIGHT TIME 20.00 310.00
TOTAL 20.00 20,048.33
_________________________________________________________________
PC DESCRIPTION HOURS EARNINGS
TOTAL 154,101.99
5 OVERTIME 1.50 25.99
9C ON CALL 400.00
TOTAL 89.50 154,101.99
_________________________________________________________________
TOTAL 488.00
TOTAL 4,260.76
_________________________________________________________________
LOCAL SDI/UC DEDUCTION NET
488.00 13498.62
4260.76 103752.79
_________________________________________________________________
- -----------------------------LIABILITIES-------------------------
LIMIT WAGES TO LIMIT RATE AMOUNT
68400 13,448.33 6.20 % 833.80 SSEC
UNLIM 20,048.33 1.45 % 290.70 MDCR
7.65 % 1,124.50
7000 1,811.85 .80 % 14.49
11400 7,548.33 .825% 62.27
8000 .00 .00 % .00
62.27
<PAGE>
- ---------------------STATE/LOCAL TAXES WITHHELD------------------
RATE AMOUNT
350.72
350.00
700.72
# DEP ADV 7 EFTS TOTAL 13,498.62
# EMPS PAID 7 TOTAL NET 13,498.62 *
TOTAL TAXES 7,262.97 **
20,761.59 ***
_________________________________________________________________
<PAGE>
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-1399-08350 BAZE JOHN ----------Q-TO-D---------
941 BRADLEY 3287.50
OKLA CITY OK 73127 ----------Y-TO-D---------
1 REGULAR 2887.50
SS-NO ###-##-#### FRQ S STAT T 9C ON CALL 400.00
BASE 1443.75 M/S M SEX M
HIRE 02/24/92 FTC 04 FADJ $010
TERM 01/31/98 STC 04 SADJ $002
ST1 OK
PEN N
_________________________________________________________________
0-9500-11600 BROWN, SCOTT N 1 REGULAR 1875.00
1931 E. ENSEY ----------Q-TO-D---------
MUSTANG, OK 73064 13125.00
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 13125.00
BASE 1875.00 M/S M SEX M
HIRE 10/20/97 FTC 00
STC 00
ST1 OK
PEN N
EFT-ACCOUNT# ID BK TP TRANSIT-NO
1414073862 A MC C 3030-8799-5
_________________________________________________________________
0-9500-16800 D'APPOLONIA MICHAEL R 1 REGULAR 12500.00
756 FAIRVIEW ROAD ----------Q-TO-D---------
PITTSBURGH, PA 15238 87500.00
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 87500.00
BASE 12,500 M/S M SEX M
HIRE 10/03/97 FTC 09
STC 09
ST1 PA
PEN N
EFT-ACCOUNT# ID BK TP TRANSIT-NO
3017107 A ME C 0430-0026-1
_________________________________________________________________
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
_________________________________________________________________
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-9500-27920 FINLEY MARGARET E. 1 REGULAR 1366.33
9836 CREST DRIVE ----------Q-TO-D---------
MIDWEST CITY OK 9564.31
73130 ----------Y-TO-D---------
1 REGULAR 9564.31
SS-NO ###-##-#### FRQ S STAT A
BASE 1366.33 M/S S SEX F
HIRE 06/09/92 FTC 02
STC 02
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
5485762 B LA S 1030-0019-8
<PAGE>
084
03/31/98 S-03/31/98 PAY
06 1
Report Date CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
- --------BAL/LMT-------- 3,287.50 GRCOMP .00
EXPRC 800.00 BAL 3,287.50 GRPAY .00
3275.00 LMT 203.83 SSEC .00
- ---------Y-TO-D-------- 47.67 MDCR .00
EXPRC 200.00 297.50 FIT .00
MED2 244.00 146.76 ST1 OK .00
444.00 TOTDED .00
2147.74 NET .00
QTD WEEKS WORKED 2.17
_________________________________________________________________
EFTAB 13125.00 GRCOMP 1875.00
13125.00 GRPAY 1875.00
813.75 SSEC 116.25
190.31 MDCR 27.19
1686.58 FIT 240.94
669.62 ST1 OK 95.66
9764.74 NET 1394.96 A360
EFT A 1394.96
QTD WEEKS WORKED 13.02
_________________________________________________________________
EFTAB 87500.00 GRCOMP 12500.00
87500.00 GRPAY 12500.00
4240.80 SSEC 365.80
1268.75 MDCR 181.25
23711.31 FIT 3387.33
2450.00 ST1 PA 350.00
55829.14 NET 8215.62 A361
EFT A 8215.62
QTD WEEKS WORKED 13.02
<PAGE>
_________________________________________________________________
EFTB1 75.00 9564.31 GRCOMP 1366.33
EFTB2 25.00 9564.31 GRPAY 1366.33
EFTAB 592.99 SSEC 84.72
- --------Y-TO-D------- 138.68 MDCR 19.81
MED2 732.00 1101.10 FIT 157.30
472.645 ST1 OK 67.52
732.00 TOTDED .00
6526.90 NET 1036.98 A362
EFT B 75.00
EFT C 25.00
EFT A 936.98
QTD WEEKS WORKED 13.02
_________________________________________________________________
<PAGE>
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
_________________________________________________________________
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-9500-27920 FINLEY MARGARET E.
*****CONTINUED****
2500811009 C MD C 0653-0590-2
2038498 A LA C 1030-0019-8
_________________________________________________________________
0-9500-30800 GEORGE VIVIAN A ****SUSPENDED****
3901 ACCENT DR. #813 6 STRAIGHT TIME 47.00 728.50
DALLAS, TX 75287 ---------Q-TO-DATE-------
6372.50
SS-NO ###-##-#### FRQ S STAT S ---------Y-TO-DATE-------
BASE 15,500 M/S S SEX F 1 REGULAR 5334.00
HIRE 09/01/88 FTC 01 6 STRAIGHT TIME 67.00 1038.50
STC 01
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
833183332 A BL C 1030-0013-0
_________________________________________________________________
0-3403-31300 GILLIAM ROBERT A ----------Q-TO-D---------
P.O. BOX 74 3559.96
BRYANT, AL 35958 ----------Y-TO-D----------
1 REGULAR 2600.00
SS-NO ###-##-#### FRQ S STAT T 6 STRAIGHT TIME 64.00 959.96
BASE 1300.00 M/S M SEX M
HIRE 01/20/97 FTC 02
TERM 01/16/98 STC 02
ST1 TN
PEN N
_________________________________________________________________
0-3403-37900 HUBERT BOB ----------Q-TO-D---------
7133 RIDGESTONE DR 9500.00
OOLTEWAH TN 37363 ----------Y-TO-D---------
1 REGULAR 9500.00
SS-NO ###-##-#### FRQ S STAT T
BASE 2375.00 M/S M SEX M
HIRE 03/15/94 FTC 02
TERM 02/28/98 STC 02
ST1 TN
<PAGE>
_________________________________________________________________
0-9500-37990 HUGHES DIANA L *****TERMINATED******
106 N DILLON ----------Q-TO-D---------
MOORE, OK 73160 6875.00
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT T 1 REGULAR 6875.00
BASE 1375.00 M/S M SEX F
HIRE 02/24/86 FTC 02 FADJ $005
TERM 03/13/98 STC 02 SADJ $023
ST1 OK
_________________________________________________________________
0-1399-38300 JAMES MELVEN D. 1 REGULAR 1662.50
RT. 1, BOX 247 ---------Q-TO-DATE-------
S. COFFEYVILLE,OK 11637.50
74072 ---------Y-TO-DATE-------
_________________________________________________________________
<PAGE>
084
03/31/98 S-03/31/98 PAY
06 2
Report Date CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
EFTAB 6372.50 GRCOMP 728.50
- ---------Y-TO-D---------- 6372.50 GRPAY 728.50
MED2 146.00 395.10 SSEC 45.17
92.40 MDCR 10.56
807.34 FIT 75.84
298.23 ST1 OK 24.23
146.00 TOTDED .00
4633.43 NET 572.70 A363
EFT A 572.70
QTD WEEKS WORKED 8.68
_________________________________________________________________
- ---------Y-TO-D---------- 3559.96 GRCOMP .00
MED2 194.76 3559.96 GRPAY .00
220.72 SSEC .00
51.62 MDCR .00
397.19 FIT .00
194.76 ST1 OK .00
2695.67 NET .00
_________________________________________________________________
- ---------Y-TO-D---------- 9500.00 GRCOMP .00
MED2 488.00 9500.00 GRPAY .00
589.00 SSEC .00
137.75 MDCR .00
1233.84 FIT .00
488.00 TOTDED .00
7051.41 NET .00
_________________________________________________________________
<PAGE>
- ---------Y-TO-D---------- 6875.00 GRCOMP .00
MED2 60.00 6875.00 GRPAY .00
426.25 SSEC .00
99.69 MDCR .00
685.95 FIT .00
397.45 ST1 OK .00
60.00 TOTDED .00
5205.66 NET .00
QTD WEEKS WORKED 8.68
_________________________________________________________________
EFTAB 11637.50 GRCOMP 1662.50
11637.50 GRPAY 1662.50
721.53 SSEC 103.08
168.74 MDCR 24.10
<PAGE>
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-1399-38300 JAMES MELVEN D. ---------Y-TO-DATE-------
----CONTINUED---- 1 REGULAR 11637.50
SS-NO ###-##-#### FRQ S STAT A
BASE 1662.50 M/S M SEX M
HIRE 07/21/97 FTC 02
ST1 OK
PEN N
EFT-ACCOUNT# ID BK TP TRANSIT-NO
4055003541 A BM C 1030-0363-2
_________________________________________________________________
0-9500-74420 LAYMAN CHRISTIE R ----------Q-TO-D---------
218 E DOUGLAS DR 1000.00
MIDWEST CITY OK ----------Y-TO-D----------
73110 1 REGULAR 1000.00
SS-NO ###-##-#### FRQ S STAT T
BASE 1000.00 M/S S SEX F
HIRE 08/14/89 FTC 00 FADJ $010
TERM 01/15/98 STC 00 SADJ $010
ST1 OK
_________________________________________________________________
<PAGE>
0-1301-53210 LONGORIA BLANCA 1 REGULAR 1001.00
5225 COBLE ----------Q-TO-D---------
OKLA CITY, OK 73135 7079.19
----------Y-TO-D---------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 7007.00
BASE 1001.00 M/S S SEX F 5 OVERTIME 1.50 25.99
HIRE 07/24/89 FTC 03 6 STRAIGHT 4.00 46.20
STC 03 TIME
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
0001451946 B TB S 3030-8582-9
14519464 A TB C 3030-8582-9
_________________________________________________________________
0-9500-17968 NELSON MARILYN J ---------Q-TO-D---------
9917 TRAFALGAR DR. 5733.36
OKLAHOMA CITY, OK 73139 ---------Y-TO-D---------
1 REGULAR 5733.36
SS-NO ###-##-#### FRQ S STAT T
BASE 1433.34 M/S M SEX F
HIRE 06/01/97 FTC 02
TERM 02/28/98 STC 02
ST1 OK
PEN N
_________________________________________________________________
0-9500-75025 ROBERTS NAKITA E
11120 STRATFORD DR
#126
OKLA CITY OK 73120
_________________________________________________________________
<PAGE>
084
03/31/98 S-03/31/98 PAY
06 3
REPORT DATE CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
1227.17 FIT 175.31
536.34 ST1 OK 76.62
732.00 TOTDED .00
8251.72 NET 1283.39 A359
EFT A 1283.39
QTD WEEKS WORKED 13.02
_________________________________________________________________
1000.00 GRCOMP .00
1000.00 GRPAY .00
62.00 SSEC .00
14.50 MDCR .00
143.44 FIT
56.78 ST1 OK .00
723.28 NET .00
QTD WEEKS WORKED 2.17
_________________________________________________________________
EFTAB1 225.00 7079.19 GRCOMP 1001.00
EFTAB 7079.19 GRPAY 1001.00
- --------Y-TO-D---------- 438.91 SSEC 62.06
MED2 732.00 102.65 MDCR 14.52
591.55 FIT 82.96
282.25 ST1 OK 39.60
732.00 TOTDED .00
4488.68 NET 801.86 A358
EFT B 225.00
EFT A 576.86
QTD WEEKS WORKED 13.02
_________________________________________________________________
5733.36 GRCOMP .00
5733.36 GRPAY .00
355.47 SSEC .00
83.13 MDCR .00
563.76 FIT .00
242.32 ST1 OK .00
QTD WEEKDS WORKED 6.51
_________________________________________________________________
.00 GRCOMP .00
.00 NET .00
_________________________________________________________________
<PAGE>
<PAGE>
PAYROLL REGISTER
E70 AMETECH, INC.
No. Co. Name
EMPLOYEE ID EMPLOYEE NAME ......HOURS AND EARNINGS.....
PC
DESCRIPTION HOURS AMOUNT
_________________________________________________________________
0-9500-75025 ROBERTS NAKITA E
11120 STRATFORD DR
#126
OKLA CITY OK 73120
SS-NO ###-##-#### FRQ S STAT T
BASE 823.33 M/S S SEX F
HIRE 12/01/96 FTC 02
TERM 12/31/97 STC 02
ST1 OK
_________________________________________________________________
0-9500-90090 VEREL CHERYL 1 REGULAR 1333.50
RT 2 BOX 154A ----------Q-TO-D----------
WELLSTON OK 74881 9334.50
- ----------Y-TO-D----------
SS-NO ###-##-#### FRQ S STAT A 1 REGULAR 9334.50
BASE 1333.50 M/S S SEX F
HIRE 09/28/87 FTC 01
STC 01
ST1 OK
EFT-ACCOUNT# ID BK TP TRANSIT-NO
3916268 A TB C 1030-1284-3
_________________________________________________________________
0-9500-91840 WALKER KYRA R
1185 MACEY
EL RENO OK 73036
SS-NO ###-##-#### FRQ S STAT T
BASE 775.67 M/S S SEX F
HIRE 12/20/95 FTC 00
TERM 12/17/97 STC 00
ST1 OK
<PAGE>
<PAGE>
084
03/15/98 S-03/13/98 PAY
05 4
REPORT DATE CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
........DED AND ADJ......... .............GROSS TO NET.........
DESCR AMOUNT CODES Y-TO-D TYPE CURRENT CHECK#
_________________________________________________________________
EFTAB1 9334.50 GRCOMP 1333.50
- ----------Y-TO-D---------- 9334.50 GRPAY 1333.50
MED2 732.00 578.74 SSEC 82.68
135.35 MDCR 19.34
1257.27 FIT 179.61
472.92 ST1 OK 67.56
732.00 TOTDED .00
6158.22 NET 984.31 A364
EFT A 984.31
QTD WEEKS WORKED 13.02
_________________________________________________________________
.00 GRCOMP .00
.00 GRPAY .00
_________________________________________________________________
<PAGE>
<PAGE>
PAYROLL REGISTER
GRAND TOTALS
E70 AMETECH, INC.
NO. CO. NAME
_________________________________________________________________
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS
CURRENT 1 REGULAR
19,783.33
_________________________________________________________________
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS
Q-TO-D 174,568.82
Y-TO-D 1 REGULAR 172,098.17
6 STRAIGHT TIME 135.00 2,044.66
_________________________________________________________________
DEDUCTION TO NET
YTD EXPRC 200.00 MED2 4,060.76
_________________________________________________________________
GROSS TO NET WAGES SOCSEC FEDERAL STATE
MEDICR
CUR GRPAY 20466.83 493.96 4299.29 721.19 TOT
GRCOMP 20466.83 296.76 4360.64 371.19 OK
350.00 PA
YTD GRPAY 174568.82 9639.09 33704.00 6025.31 TOT
GRCOMP 174568.82 2531.24 3575.31 OK
2450.00 PA
_________________________________________________________________
CURRENT TAX RECAP 0 VOID/MANUAL CHECKS INCLUDED
__________
FORM 8109 FEDERAL DEPOSIT TYPE JURISDICTION TAXABLE
WAGES
EMPLOYEE SSEC 493.96
EMPLOYEE MDCR 296.76
EMPLOYER SSEC 493.94 20,466.83
EMPLOYER MDCR 296.77 20,466.83
EMPLOYEE FIT 4,299.29
TOTAL DEPOSIT 5,880.72
FUTA STANDARD RATE 20,466.83
SUI OK-OKLAHOMA 7,966.83
SUI PA-PENNSYLVANIA 12,500.00
TOTAL 20,466.83
<PAGE>
__________
TAXABLE
WAGES
SIT OK-OKLAHOMA 7,966.83
SIT PA-PENNSYLVANIA 12,500.00
TOTAL 20,466.83
EMPLOYEE CENSUS ACTIVE EMPS 7 NET PAY ANALYSIS
TERM EMPS 8
TOTAL EMPS 15
<PAGE>
<PAGE>
084 PAY
03/31/98 S-03/31/98 06 5
REPORT DATE CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
PC DESCRIPTION HOURS EARNINGS
6 STRAIGHT TIME 47.00 728.50
TOTAL 47.00 20,466.83
_________________________________________________________________
PC DESCRIPTION HOURS EARNINGS
TOTAL 174,568.82
5 OVERTIME 1.50 25.99
9C ON CALL 400.00
TOTAL 136.50 174,568.82
_________________________________________________________________
TOTAL 4,260.76
_________________________________________________________________
LOCAL SDI/UC DEDUCTION NET
14655.63
4260.76 118408.42
_________________________________________________________________
- -----------------------------LIABILITIES-------------------------
LIMIT WAGES TO LIMIT RATE AMOUNT
68400 7,966.83 6.20 % 493.94 SSEC
UNLIM 20,466.83 1.45 % 296.77 MDCR
7.65 % 790.71
7000 1,650.31 .80 % 13.20
11400 6,004.33 .825% 49.54
8000 .00 .00 % .00
49.54
<PAGE>
- ---------------------STATE/LOCAL TAXES WITHHELD------------------
RATE AMOUNT
371.19
350.00
721.19
# DEP ADV 7 EFTS TOTAL 14,655.63
# EMPS PAID 7 TOTAL NET 14,655.63 *
TOTAL TAXES 6,664.65 **
21,320.28 ***
_________________________________________________________________
<PAGE>
<PAGE>
CASE NAME: Ametech/ETS
____________________
CASE NO.: 98-11018-BH
____________________
<TABLE>
<CAPTION>
CHAPTER 11
RECEIPTS AND DISBURSEMENTS SUMMARY (EXHIBIT "B")
For month of March 31, 1998
Lock Box Account No. 0003625729
_______________
<S> <C> <C> <C>
1. BEGINNING checkbook balance $ 23,221.99
______________
2. Cash receipts for the month
Transfers from other Account ___________
Collection of Account receivable 165,835.38
Other 36,666.64
_________________________ ___________
TOTAL cash receipts for the month 202,502.02
_____________
3. Cash disbursements for the month
Per attached list of
disbursements ___________
Transfers to other accounts 81,000.00
Other Congress Financial 68,553.25
___________________ ___________
TOTAL cash disbursements
for the month 149,553.25
______________
4. ENDING checkbook balance (1+2-3) $ 76,170.76
==============
</TABLE>
<TABLE>
<CAPTION>
CASH SUMMARY - END OF MONTH
ALL ACCOUNTS
Account No. or location
_________________________
<S> <C> <C>
Petty cash $
______________________ ____________
Operating account Will Rogers Bank 826.56
______________________ ____________
Payroll account Will Rogers Bank 749.59 *
______________________ ____________
Tax account *
______________________ ____________
Other accounts Will Rogers Bank 76,170.76 *
______________________ _____________
____________ ______________________ _____________
____________ ______________________ _____________
Total $ 77,746.91
===============
</TABLE>
** (should agree with 4. above)
NOTE: A copy of a bank statement from each bank account and a
reconciliation between the statement and your checkbook must
accompany this statement.
Page 2 of 2
<PAGE>
<PAGE>
Case Name: Ametech/ETS
Case No.: 98-11018-BH
<TABLE>
<CAPTION>
Chapter 11
Attachment to Cash Receipts & Disbursement Statement
For the Month of March 31, 1998
Depository Account
AMETECH, INC. AND SUBSIDIARIES
Depository Account Disbursements
20-Apr-98
Operating
Account Congress
Transfer Financial Total
________________ _______________ ____________
<S> <C> <C> <C>
06-Mar-98 19,000.00 32,495.51 51,495.51
13-Mar-98 24,000.00 .00 24,000.00
20-Mar-98 8,000.00 36,057.74 44,057.74
27-Mar-98 30,000.00 0.00 30,000.00
___________ __________ __________
81,000.00 68,553.25 149,553.25
</TABLE>
<PAGE>
<PAGE>
Case Name: Ametech/ETS
Case No.: 98-11018-BH
<TABLE>
<CAPTION>
Chapter 11
Attachment to Cash Receipts & Disbursement Statement
For the Month of March 31, 1998
Sales Proceeds
AMETECH, INC. AND SUBSIDIARIES
Sales Proceeds
20-Apr-98
Sales proceeds paid directly to Congress Financial.
Congress
Financial
___________________
<S> <C>
Taylor & Martin Auction - 03/19/98 1,164,315.72
___________________
1,164,315.72
</TABLE>
04/20/98 02:43 PM
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
BANK RECONCILIATION
________________________
(EXHIBIT "D")
CASE NAME: Ametech/ETS BANK: Will Rogers
____________________________ _________________
CASE NO.: 98-11018-BH MONTH OF: March 1998
____________________ ______________________
<S> <C> <C>
Balance per bank statement
dated March 31, 1998 (1) 10,692.47
____________
Add:
Deposits in transit ____________
____________
____________
Total in transit (2) ___________
Total (1) + (2) 10,692.47
==========
Less: 9,865.91
Checks outstanding ____________
____________
____________
____________
Total outstanding (3) 9,865.91
_____________
Bank balance - reconciled (1) + (2) - (3) 826.56
=============
</TABLE>
(Will equal ending checkbook balance reported on
Receipts and Disbursements Statement)
<TABLE>
<CAPTION>
CHECKS OUTSTANDING
Number Amount
_________________________________________________________________
Number Amount Number Amount
____________________________________
<S> <C> <C> <C> <C> <C>
See Attached
_____________________________________________
_____________________________________________
_____________________________________________
_____________________________________________
_____________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
______________________________________________
Total
______________________________________________
</TABLE>
USE ONE FORM FOR EACH BANK ACCOUNT
ATTACH A COPY OF THE BANK STATEMENT TO THIS FORM
Rev. 6/93
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
05552
STATEMENT OF ACCOUNT WILL ROGERS BANK
0003625702
Environmental Transportation
Page 3 of 3
Date Description Additions Subtractions Balance
_________________________________________________________________
<S> <C> <C> <C> <C>
03-25 Check 2058 -60.00 22,211.89
_________________________________________________________________
03-25 Check 2090 -54-52 22,157.37
_________________________________________________________________
03-25 Check 2092 -49.00 22,108.37
_________________________________________________________________
03-26 Check 2108 -900.00 21,208.37
_________________________________________________________________
03-26 Check 2106 -676.00 20,532.37
_________________________________________________________________
03-26 Check 2110 -676.00 19,856.37
_________________________________________________________________
03-26 Check 2068 -274.82 19,581.55
_________________________________________________________________
03-26 Check 2088 -131.62 19,449.93
_________________________________________________________________
03-26 Check 2084 -105.04 19,344.89
_________________________________________________________________
03-27 #Wire
Transfer-IN 23,241.84 42,586.73
FROM BANK
ONE OK
MICHAEL D'APPOLONIA
_________________________________________________________________
03-27 #Telephone
Transfer 30,000.00 72,586.73
_________________________________________________________________
03-27 #Telephone
Transfer -23,241.84 49,344.89
_________________________________________________________________
03-27 #Telephone
Transfer -21,000.00 28,344.89
_________________________________________________________________
03-27 Check 2116 -411.62 27,933.27
_________________________________________________________________
03-27 Check 2075 -281.13 27,652.14
_________________________________________________________________
03-30 Check 2103 -12,500.00 15,152.14
_________________________________________________________________
03-30 Check 2107 -900.00 14,252.14
_________________________________________________________________
03-30 Check 2109 -900.00 13,352.14
_________________________________________________________________
03-30 Check 2100 -290.36 13,061.78
_________________________________________________________________
03-30 Check 2117 -261.00 12,800.78
_________________________________________________________________
03-30 Check 2071 -205.34 12,595.44
_________________________________________________________________
03-30 Check 2085 -189.90 12,405.54
_________________________________________________________________
03-30 Check 2069 -114.81 12,290.73
_________________________________________________________________
03-30 Check 2087 -106.17 12,184.56
_________________________________________________________________
03-30 Check 2111 -27.04 12,157.52
_________________________________________________________________
03-31 Check 2120 -319.00 11,838.52
_________________________________________________________________
03-31 Check 2115 -900.00 10,938.52
_________________________________________________________________
03-31 Check 2112 -246.05 10,692.47
_________________________________________________________________
03-31 Ending
totals 104,241.84 -141,668.30 $10,692.47
_________________________________________________________________
<PAGE>
Number Date Amount
2096 03-23 198.00
_________________________________________________________________
2097 03-24 180.00
_________________________________________________________________
2098 03-24 360.00
_________________________________________________________________
2100* 03-30 290.36
_________________________________________________________________
2101 03-25 155.50
_________________________________________________________________
2103* 03-30 12,500.00
_________________________________________________________________
2106* 03-26 676.00
_________________________________________________________________
2107 03-30 900.00
_________________________________________________________________
2108 03-26 900.00
_________________________________________________________________
2109 03-30 900.00
_________________________________________________________________
2110 03-26 676.00
_________________________________________________________________
2111 03-30 27.04
_________________________________________________________________
2112 03-31 246.05
_________________________________________________________________
2115* 03-31 900.00
_________________________________________________________________
2116 03-27 411.62
_________________________________________________________________
2117 03-30 261.00
_________________________________________________________________
2120* 03-31 319.00
_________________________________________________________________
*Skip in check sequence
</TABLE>
<PAGE>
<PAGE>
05550
Direct Inquiries to: WILL ROGERS BANK _____
405 949-6500
_____
Will Rogers Bank _____
5100 N W 10th _____
Oklahoma City OK 73127-5708
March 31, 1998
ENVIRONMENTAL TRANSPORTATION (89)
SERVICE INC - GENERAL ACCOUNT Page 1 of 3
DEBTOR IN POSSESSION
1813 SE 25TH
OKLAHOMA CITY OK 73129
Statement of Account
0003625702
What Works Like A Check, Only Better? It'S Your Will Rogers
Bank Check Card. The Card That Pays For Purchases Right
From Your Checking Account. To Apply For Yours, Stop By OR
Call 949-6500 Today.
<TABLE>
<CAPTION>
Business Check Aas 0003625702
_________________________________________________________________
Low balance $10,692.47
Average balance $31, 390.18 Avg collected balance $31,390.00
89 Enclosures
Date Description Additions Subtractions Balance
<S> <C> <C> <C> <C>
02-28 Beginning balance $48,118.93
_________________________________________________________________
03-02 Check 2036 -462.00 47,656.93
_________________________________________________________________
03-02 Check 2037 -312.00 47,344.93
_________________________________________________________________
03-02 Check 2031 -4,368.00 42,976.93
_________________________________________________________________
03-02 Check 2021 -3,636.56 39,340.37
_________________________________________________________________
03-02 Check 2035 -370.00 38,970.37
_________________________________________________________________
03-02 Check 2022 -133.60 38,836.77
_________________________________________________________________
03-02 Check 2024 -113.66 38,723.11
_________________________________________________________________
03-02 Check 2023 -54.52 38,668.59
_________________________________________________________________
03-03 Check 2030 -542.00 38,126.59
_________________________________________________________________
03-03 Check 2018 -64.99 38,061.60
_________________________________________________________________
03-04 Check 2032 -2,120.56 35,941.04
_________________________________________________________________
03-04 Check 2028 -774.25 35,166.79
_________________________________________________________________
03-04 Check 2019 -306.00 34,860.79
_________________________________________________________________
03-04 Check 2025 -49.00 34,811.79
_________________________________________________________________
03-06 #Telephone
Transfer 19,000.00 53,811.79
_________________________________________________________________
03-06 Check 2044 -1,224.34 52,587.45
_________________________________________________________________
03-09 Check 2052 -377.00 52,210.45
_________________________________________________________________
03-09 Check 2051 -377.00 51,833.45
_________________________________________________________________
03-09 Check 2027 -328.59 51,504.86
_________________________________________________________________
03-09 Check 2050 -296.00 51,208.86
_________________________________________________________________
<PAGE>
</TABLE>
<TABLE>
<CAPTION>
Number Date Amount
<S> <C> <C>
0 03-10 300.00
____________________________________________
2017 03-10 150.00
____________________________________________
2018 03-03 64.99
____________________________________________
2019 03-04 306.00
____________________________________________
2021* 03-02 3,636.56
____________________________________________
2022 03-02 133.60
____________________________________________
2023 03-02 54.52
____________________________________________
2024 03-02 113.66
____________________________________________
2025 03-04 49.00
____________________________________________
2027* 03-04 328.59
____________________________________________
2028 03-09 774.25
____________________________________________
2030* 03-03 542.00
____________________________________________
2031 03-02 4,368.00
____________________________________________
2032 03-04 2,120.56
____________________________________________
2035* 03-02 370.00
____________________________________________
2036 03-02 462.00
____________________________________________
2037 03-02 312.00
____________________________________________
2039* 03-11 1,800.00
____________________________________________
2040 03-11 118.40
____________________________________________
2041 03-10 772.81
____________________________________________
*Skip in check sequence
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
05551
Statement of Account Will Rogers Bank
0003625702
Environmental Transportation
Page 2 of 3
Date Description Additions Subtractions Balance
_________________________________________________________________
<S> <C> <C> <C> <C>
03-10 Check -300.00 50,908.86
_________________________________________________________________
03-10 #Telephone
Transfer -21,000.00 29,908.86
_________________________________________________________________
03-10 Check 2041 -772.81 29,136.05
_________________________________________________________________
03-10 Check 2043 -527.26 28,608.79
_________________________________________________________________
03-10 Check 2017 -150.00 28,458.79
_________________________________________________________________
03-10 Check 2045 -44.56 28,414.23
_________________________________________________________________
03-11 Check 2053 -4,450.00 23,964.23
_________________________________________________________________
03-11 Check 2039 -1,800.00 22,164.23
_________________________________________________________________
03-11 Check 2042 -639.22 21,525.01
_________________________________________________________________
03-11 Check 2046 -328.17 21,196.84
_________________________________________________________________
03-11 Check 2040 -118.14 21,078.70
_________________________________________________________________
03-12 Check 2049 -540.00 20,538.70
_________________________________________________________________
03-13 #Telephone
Transfer 24,000.00 44,538.70
_________________________________________________________________
03-13 Check 2048 2,400.00 42,138.70
_________________________________________________________________
03-13 Check 2057 -198.88 41,939.82
_________________________________________________________________
03-16 Check 2065 -533.00 41,406.82
_________________________________________________________________
03-16 Check 2055 -4,368.00 37,038.82
_________________________________________________________________
03-16 Check 2056 -3,619.65 33,419.17
_________________________________________________________________
03-16 Check 2047 -1,422.42 31,996.75
_________________________________________________________________
03-17 Check 2077 -468.00 31,528.75
_________________________________________________________________
03-17 Check 2076 -468.00 31,060.75
_________________________________________________________________
03-17 Check 2064 -442.00 30,618.75
_________________________________________________________________
03-17 Check 2081 -162.23 30,456.52
_________________________________________________________________
03-17 Check 2080 -80.69 30,375.83
_________________________________________________________________
03-17 Check 2054 -143.00 30,232.83
_________________________________________________________________
03-18 #Wire Transfer
MICHAEL
D'APPOLONIA
MELLON BK
PITTS PA -1,653.51 28,579.32
_________________________________________________________________
03-18 #Telephone
Transfer -8,913.87 19,665.45
_________________________________________________________________
03-18 Check 2063 -379.49 19,285.96
_________________________________________________________________
03-18 Check 2074 -328.38 18,957.58
_________________________________________________________________
03-19 Check 2061 -500.00 18,457.58
_________________________________________________________________
03-20 #Telephone
Transfer 8,000.00 26,286.38
_________________________________________________________________
03-20 Check 2062 -45.00 26,241.38
_________________________________________________________________
03-23 Check 2093 -414.27 25,827.11
_________________________________________________________________
03-23 Check 2059 -246.05 25,581.06
_________________________________________________________________
03-23 Check 2083 -243.15 25,337.91
_________________________________________________________________
03-23 Check 2096 -198.00 25,139.91
_________________________________________________________________
03-23 Check 2066 -180.22 24,959.69
_________________________________________________________________
03-23 Check 2060 -159.00 24,800.69
_________________________________________________________________
03-23 Check 2070 -35.00 24,765.69
_________________________________________________________________
03-24 Check 2094 -447.18 24,318.51
_________________________________________________________________
03-24 Check 2098 -360.00 23,958.51
_________________________________________________________________
03-24 Check 2091 -243.56 23,714.95
_________________________________________________________________
03-24 Check 2097 -180.00 23,534.95
_________________________________________________________________
03-24 Check 2073 -98.03 23,436.92
_________________________________________________________________
03-24 Check 2067 -30.54 23,406.38
_________________________________________________________________
03-25 Check 2086 -600.00 22,806.38
_________________________________________________________________
03-25 Check 2095 -200.00 22,806.38
_________________________________________________________________
03-25 Check 2101 -155.50 22,450.88
_________________________________________________________________
03-25 Check 2082 -114.00 22,336.88
_________________________________________________________________
03-25 Check 2089 -64.99 22,271.89
_________________________________________________________________
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
Number Date Amount
<S> <C> <C>
2042 03-11 639.22
____________________________________________
2043 03-10 527.26
____________________________________________
2044 03-06 1,224.34
____________________________________________
2045 03-10 44.56
____________________________________________
2046 03-11 328.17
____________________________________________
2047 03-16 1,422.42
____________________________________________
2048 03-13 2,400.00
____________________________________________
2049 03-12 540.00
____________________________________________
2050 03-09 296.00
____________________________________________
2051 03-09 377.00
____________________________________________
2052 03-09 377.00
____________________________________________
2053 03-11 4,450.00
____________________________________________
2054 03-17 143.00
____________________________________________
2055 03-16 4,368.00
____________________________________________
2056 03-16 3,619.65
____________________________________________
2057 03-13 198.88
____________________________________________
2058 03-25 60.00
____________________________________________
2059 03-23 246.05
____________________________________________
2060 03-23 159.00
____________________________________________
2061 03-19 500.00
____________________________________________
2062 03-20 45.00
____________________________________________
2063 03-18 379.49
____________________________________________
2064 03-17 442.00
____________________________________________
2065 03-16 533.00
____________________________________________
2066 03-23 180.22
____________________________________________
2067 03-24 30.54
____________________________________________
2068 03-26 274.82
____________________________________________
2069 03-30 114.81
____________________________________________
2070 03-23 35.00
____________________________________________
2071 03-30 205.34
____________________________________________
2072 03-20 171.20
____________________________________________
2073 03-24 98.03
____________________________________________
2074 03-18 328.38
____________________________________________
2075 03-27 281.13
____________________________________________
2076 03-17 468.00
____________________________________________
2077 03-17 468.00
____________________________________________
2080* 03-17 80.69
____________________________________________
2081 03-17 162.23
____________________________________________
2082 03-25 114.00
____________________________________________
2083 03-23 243.15
____________________________________________
2084 03-26 105.04
____________________________________________
2085 03-30 189.90
____________________________________________
2086 03-25 600.00
____________________________________________
2087 03-30 106.17
____________________________________________
2088 03-26 131.62
____________________________________________
2089 03-25 64.99
____________________________________________
2090 03-24 54.52
____________________________________________
2091 03-24 243.56
____________________________________________
2092 03-25 49.00
____________________________________________
2093 03-23 414.27
____________________________________________
2094 03-24 447.18
_____________________________________________
2095 03-25 200.00
_____________________________________________
*Skip in check sequence
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
57 MISSING CHECK LISTING PAGE 1 16 APR 1998
FOR MONTH END DATE 03/31/98
COMPANY SYSTEM CHECK CHECK..RECON CHECK.....ISSUED CHK AMOUNT
MONTH DATE MONTH NUMBER TO...
<S> <C> <C> <C> <C> <C> <C> <C>
507.75
*** 507.75
*** 507.75
03 AP 03 / /98 3.00
03 AP 03 / /98 4,450.00
*** 4,453.00
AP 03 / /98 04 2,184.00
AP 03 / /98 04
AP 03 164.49
AP 03
AP 03
AP 03
AP 03
*** 4,905.16
*** 9,358.16
*** 9,865.91
*** 9,865.91
9,865.91
10 records listed
<PAGE>
</TABLE>
<TABLE>
<CAPTION>
REC AMOUNT..........OUT BALANCE.........RECON........????? VOID
DATE DATE...... AMOUNT
<S> <C> <C> <C>
507.75 0.00 4/30/98 0.00
507.75 0.00 0.00
507.75 0.00 0.00
3.00
4,450.00 M
4,453.00
2,184.00 0.00 04/30/98 DC
100.00 0.00 04/30/98 DC
164.49 0.00 04/30/98 DC
461.50 0.00 04/30/98 DC
31.79 0.00 04/30/98 DC
125.88 0.00 04/30/98 DC
1,837.50 0.00 04/30/98 DC
4,905.16 0.00 0.00
4,905.16 4,453.00 0.00
5,412.91 4,453.00 0.00
5,412.91 4,453.00 0.00
5,412.91 4,453.00 0.00
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
BANK RECONCILIATION
______________________
(EXHIBIT "D")
CASE NAME: Ametech/ETS BANK: Will Rogers
___________________________________ ______________
CASE NO.: 98-11018-BH MONTH OF: March 1998
________________ ___________________
<S> <C> <C>
Balance per bank statement
dated March 31, 1998 (1) 15,405.22
____________ __________
Add:
Deposits in transit _________________
_________________
_________________
_________________
Total in transit (2)__________
Total (1) + (2) 14,655.63
=========
Less:
Checks outstanding 14,655.63
__________________
__________________
__________________
__________________
Bank balance-reconciled Total outstanding (3) 14,655.64
___________
(1) + (2) - (3) 749.59
============
</TABLE>
(Equals ending checkbook balance reported on Receipts and
Disbursements Statement)
<TABLE>
<CAPTION>
CHECKS OUTSTANDING
___________________
Number Amount
_________________________________________________________________
Number Amount Number Amount
___________________________________________
<S> <C> <C> <C> <C> <C>
See Attached
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
___________________________________________
Total
____________________________________________
</TABLE>
USE ONE FORM FOR EACH BANK ACCOUNT
ATTACH A COPY OF THE BANK STATEMENT TO THIS FORM
Rev. 6/93
<PAGE>
<PAGE>
05057
Direct Inquiries to: WILL ROGERS BANK
405 949-6500 _______
_______
_______
Will Rogers Bank
5100 N W 10th
Oklahoma City OK 73127-5708
March 31, 1998
AMETECH INC (0)
PAYROLL ACCOUNT Page 1 of 1
DEBTOR IN POSSESSION
1813 SE 25TH
OKLAHOMA CITY OK 73129
Statement of Account
0003625710
What Works Like A Check, Only Better? It'S Your Will Rogers
Bank Check Card. The Card That Pays For Purchases Right
From Your Checking Account. To Apply For Yours, Stop By OR
Call 949-6500 Today.
<TABLE>
<CAPTION>
Business Checking 0003625710
_________________________________________________________________
Low Balance 831.46
Average Balance $5,732.67 Average collected balance $5,732.00
Date Description Additions Subtractions Balance
<S> <C> <C> <C> <C>
02-28 Beginning balance $14,692.51
_________________________________________________________________
02-27 #Preauthorized Wd -13,861.05 831.46
AMETECH, INC.
PAYROLL
980227 E70 01
_________________________________________________________________
03-10 #Telephone
Transfer 21,000.00 21,831.46
_________________________________________________________________
03-12 #Preauthorized Wd -7,262.62 14,568.49
CERIDIAN AKA CDC P/R TAXES
980312 06807-014860907
_________________________________________________________________
03-13 #Preauthorized Wd -13,498.62 1,069.87
AMETECH, INC PAYROLL
980313 E70 01
_________________________________________________________________
03-31 #Telephone
Transfer 21,000.00 22,069.87
_________________________________________________________________
03-30 #Preauthorized Wd -6,664.65 15,405.22
CERIDIAN AKA CDC P/R TAXES
980330 06807-014932680
_________________________________________________________________
03-31 Ending totals 42,000.00 -41,287.29 $15,405.22
_________________________________________________________________
</TABLE>
<PAGE>
PAYROLL REGISTER
GRAND TOTALS
E70 AMETECH, INC.
NO. CO. NAME
_________________________________________________________________
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS
CURRENT 1 REGULAR
19,783.33
_________________________________________________________________
HOURS/EARNS PC DESCRIPTION HOURS EARNINGS
Q-TO-D 174,568.82
Y-TO-D 1 REGULAR 172,098.17
6 STRAIGHT TIME 135.00 2,044.66
_________________________________________________________________
DEDUCTION TO NET
YTD EXPRC 200.00 MED2 4,060.76
_________________________________________________________________
GROSS TO NET WAGES SOCSEC FEDERAL STATE
MEDICR
CUR GRPAY 20466.83 493.96 4299.29 721.19TOT
GRCOMP 20466.83 296.76 4360.64 371.19OK
350.00PA
YTD GRPAY 174568.82 9639.13 33704.00 6025.31TOT
GRCOMP 174568.82 2531.24 3575.31OK
2450.00PA
_________________________________________________________________
CURRENT TAX RECAP 0 VOID/MANUAL CHECKS INCLUDED
__________
FORM 8109 FEDERAL DEPOSIT TYPE JURISDICTION TAXABLE
WAGES
EMPLOYEE SSEC 493.96
EMPLOYEE MDCR 296.76
EMPLOYER SSEC 493.94 20,466.83
EMPLOYER MDCR 296.77 20,466.83
EMPLOYEE FIT 4,299.29
TOTAL DEPOSIT 5,880.72
FUTA STANDARD RATE 20,466.83
SUI OK-OKLAHOMA 7,966.83
SUI PA-PENNSYLVANIA 12,500.00
TOTAL 20,466.83
<PAGE>
__________
TAXABLE
WAGES
SIT OK-OKLAHOMA 7,966.83
SIT PA-PENNSYLVANIA 12,500.00
TOTAL 20,466.83
EMPLOYEE CENSUS ACTIVE EMPS 7 NET PAY ANALYSIS
TERM EMPS 8
TOTAL EMPS 15
<PAGE>
<PAGE>
084 PAY
03/31/98 S-03/31/98 06 5
REPORT DATE CHECKS DATED PERIOD PAGE NO.
_________________________________________________________________
PC DESCRIPTION HOURS EARNINGS
6 STRAIGHT TIME 47.00 728.50
TOTAL 47.00 20,466.83
_________________________________________________________________
PC DESCRIPTION HOURS EARNINGS
TOTAL 174,568.82
5 OVERTIME 1.50 25.99
9C ON CALL 400.00
TOTAL 136.50 174,568.82
_________________________________________________________________
TOTAL 4,260.76
_________________________________________________________________
LOCAL SDI/UC DEDUCTION NET
14655.63
4260.76 118408.42
_________________________________________________________________
- -----------------------------LIABILITIES-------------------------
LIMIT WAGES TO LIMIT RATE AMOUNT
68400 7,966.83 6.20 % 493.94 SSEC
UNLIM 20,466.83 1.45 % 296.77 MDCR
7.65 % 790.71
7000 1,650.31 .80 % 13.20
11400 6,004.33 .825% 49.54
8000 .00 .00 % .00
49.54
<PAGE>
- ---------------------STATE/LOCAL TAXES WITHHELD------------------
RATE AMOUNT
371.19
350.00
721.19
# DEP ADV 7 EFTS TOTAL 14,655.63
# EMPS PAID 7 TOTAL NET 14,655.63 *
TOTAL TAXES 6,664.65 **
21,320.28 ***
_________________________________________________________________
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
BANK RECONCILIATION
____________________
(EXHIBIT "D")
CASE NAME: Ametech/ETS BANK: Will Rogers
________________________ _____________
CASE NO.: 98-11018-BH MONTH OF: March 1998
________________________ _____________
<S> <C> <C>
Balance per bank statement (1) 76,170.76
dated March 31,1998 _________
___________
Add:
Deposits in transit ___________________
___________________
___________________
___________________
Total in transit (2) ___________
Total (1) + (2) 76,170.76
===========
Less:
Checks outstanding ___________________
___________________
___________________
___________________
Total outstanding (3) ___________
Bank balance - reconciled (1) + (2) - (3) 76,170.76
(Equals ending checkbook balance reported ===========
on Receipts and Disbursement Statement)
</TABLE>
<TABLE>
<CAPTION>
CHECKS OUTSTANDING
__________________
Number Amount
_________________________________________________________________
Number Amount Number Amount
____________________________________________
<S> <C> <C> <C> <C> <C>
____________________________________________
____________________________________________
____________________________________________
____________________________________________
____________________________________________
____________________________________________
___________________________________________
___________________________________________
___________________________________________
Total
___________________________________________
</TABLE>
USE ONE FORM FOR EACH BANK ACCOUNT
ATTACH A COPY OF THE BANK STATEMENT TO THIS FORM
Rev. 6/93
<PAGE>
<PAGE>
05255
Direct Inquiries to: WILL ROGERS BANK ______
405 949-6500
_______
_______
_______
Will Rogers Bank
5100 N W 10th
Oklahoma City OK 73127-5708
March 31, 1998
ENVIRONMENTAL TRANSPORTATION (19)
SERVICES INC Page 1 of 2
LOCK BOX
1813 SE 25TH
OKLAHOMA CITY OK 73129
Statement of Account
0003614409
What Works Like A Check, Only Better? It'S Your Will
Rogers Bank Check Card. The Card That Pays For
Purchases Right From Your Checking Account. To Apply
For Yours, Stop By OR Call 949-6500 Today.
<TABLE>
<CAPTION>
Business Checking Aas 0003614409
_________________________________________________________________
Low balance $22,817.28
Average balance $39,368.57 Average collected balance $32,704.00
22 Enclosures
Date Description Additions Subtractions Balance
<S> <C> <C> <C> <C>
02-28 Beginning balance $23,221.99
_________________________________________________________________
03-02 Deposit 21,820.48 45,042.47
_________________________________________________________________
03-04 Deposit 580.90 48,276.16
_________________________________________________________________
03-05 Deposit 26,545.25 74,821.41
_________________________________________________________________
03-06 Deposit 1,674.10 76,495.51
_________________________________________________________________
03-06 #Wire Transfer-Out -32,495.51 44,000.00
TO CHASE NYC
CONGRESS FINANCIAL CORP
_________________________________________________________________
03-06 #Telephone Transfer -19,000.00 25,000.00
_________________________________________________________________
03-09 Deposit 8,113.67 33,113.67
_________________________________________________________________
03-09 Deposit 2,563.26 35,676.93
_________________________________________________________________
03-10 Deposit 4,224.25 39,901.18
_________________________________________________________________
03-11 Deposit 883.00 40,784.18
_________________________________________________________________
03-12 Deposit 620.00 41,404.18
_________________________________________________________________
03-13 Deposit 5,413.10 46,817.28
_________________________________________________________________
03-13 #Telephone Transfer -24,000.00 22,817.28
_________________________________________________________________
03-16 Deposit 3,700.40 26,517.68
_________________________________________________________________
03-17 Deposit 2,886.10 29,403.78
_________________________________________________________________
03-18 Deposit 25,272.63 54,676.41
_________________________________________________________________
03-18 Deposit 8,913.87 63,590.28
_________________________________________________________________
03-19 Deposit 2,171.52 65,761.80
_________________________________________________________________
03-20 Deposit 3,295.94 69,057.74
_________________________________________________________________
03-20 #Wire Transfer-Out -36,057.74 33,000.00
CONGRESS FIN CORP
CHASE NYC
_________________________________________________________________
03-20 #Telephone -8,000.00 25,000.00
Transfer
_________________________________________________________________
03-23 Deposit 15,000.15 40,000.15
_________________________________________________________________
03-24 Deposit 865.02 40,865.17
_________________________________________________________________
03-26 Deposit 930.00 41,795.17
_________________________________________________________________
03-27 Deposit 8,000.00 49.795.17
_________________________________________________________________
03-27 #Telephone
Transfer 23,241.84 73,037.01
_________________________________________________________________
03-27 #Telephone
Transfer -30,000.00 43,037.01
_________________________________________________________________
03-30 Deposit 8,032.20 51,069.21
_________________________________________________________________
03-31 Deposit 25,101.55 76,170.76
_________________________________________________________________
03-31 Ending Totals 202,502.02 -149,553.25 $76,170.76
</TABLE>
<PAGE>
<PAGE>
Case Name: Ametech/ETS
Case No.: 98-11018 BH
<TABLE>
<CAPTION>
AMETECH, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEET
March 31, 1998
(in thousands)
ASSETS
______
<S> <C> <C>
CURRENT ASSETS:
Cash and cash equivalents 77,747
Certificate of Deposits 0
Accounts Receivable
Trade 670,693
Reserve (9,372)
____________
661,321
N/R Current 115,568
Prepaid Professional Fees 84,570
Deposits 10,713
Inventory 92,091
Other 1,717
__________
Total Current Assets 1,043,728
PROPERTY AND EQUIPMENT:
Transportation Equipment 1,581,281
Buildings and other 581,836
______________
2,163,116
OTHER ASSETS, net: 100,000
TOTAL ASSETS 3,306,845
____________
LIABILITIES AND STOCKHOLDERS' EQUITY
_____________________________________
Post-Petition
Current Liabilities
Accounts Payable 825
__________
825
Pre-petition
Accounts Payable 1,502,766
Secured Claims 2,814,428
Deferred Income taxes 0
__________
4,317,194
Stockholders Equity (1,011,175)
___________
TOTAL LIABILITIES & EQUITY 3,306,845
===========
</TABLE>
04/20/98 03:37 PM
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
SUMMARIZED ACCOUNTS RECEIVABLE AGING ANALYSIS PAGE 1
AGED BY INVOICE DATE
APR 1998
AGING THROUGH: 03/31/98
CUSTOMER CUSTOMER INVOICE CURRENT CURRENT
REFERENCE NAME AMOUNT BALANCE AMOUNT
_________ _______________________ __________ __________ ________
<S> <C> <C> <C> <C>
20151 AAD DISPOSAL 15283.50 14783.50 0.00
20563 ALL VALLEY OIL 6775.00 4004.46 0.00
20565 AZTEC RECLAMATION & REC 1040.25 1040.25 0.00
19526 C P S CHEMICAL CO., INC 1180.00 1180.00 0.00
43900 CHEM MET SERVICES 17736.40 16736.40 0.00
18162 CLEAN HARBORS 2628.39 1004.61 0.00
18605 CLEAN HARBORS 11274.05 10254.05 0.00
22143 D&D ROOFING 605.16 605.16 0.00
22181 ENERCON 130.05 130.05 0.00
14633 ENSCO 1554.90 -301.36 0.00
14678 ENSCO 2008.80 -2008.80 0.00
17135 ENSCO 330.00 810.25 0.00
12410 ENVIRONMENTAL 578.00 578.00 0.00
20558 ENVIRONMENTAL SERVICES 1654.82 1654.82 0.00
56493 ESSEX WASTE MANAGEMENT 122288.35 116376.70 0.00
19429 FARMLAND
INDUSTRIES, INC 560.00 560.00 0.00
19108 FERGUSON ENVIRONMENTAL 270.94 270.94 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
1-30 31-60 61-90 OVER 90
DAYS DAYS DAYS DAYS
OLD OLD OLD OLD
___________ _________ _________ __________
<S> <C> <C> <C> <C>
0.00 0.00 0.00 14783.50
0.00 0.00 0.00 4004.46
0.00 0.00 0.00 1040.25
560.00 620.00 0.00 00.00
0.00 10.65 330.15 16395.60
0.00 0.00 866.50 138.11
0.00 0.00 0.00 10254,05
0.00 0.00 130.05 475.11
0.00 130.05 0.00 0.00
-301.35 0.00 0.00 -0.01
0.00 0.00 0.00 -2008.60
-480.25 0.00 0.00 -330.00
0.00 0.00 0.00 578.00
0.00 0.00 0.00 1654.82
0.00 0.00 0.00 116376.70
0.00 560.00 0.00 0.00
0.00 0.00 0.00 270.94
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
AR770 SUMMARIZED ACCOUNTS RECEIVABLE AGING ANALYSIS PAGE 2
AGED BY INVOICE DATE
APR 1998
FOR COMPANY: ENVIRONMENTAL TRANSPORTATION
AGING THROUGH: 03/31/98
CUSTOMER CUSTOMER INVOICE CURRENT CURRENT
REFERENCE NAME AMOUNT BALANCE AMOUNT
_________ _______________________ __________ __________ ________
<S> <C> <C> <C> <C>
20217 GARRISON INDUSTRIES,INC 2982.50 2900.00 0.00
15286 HEPACO INC 2056.75 1456.75 0.00
11589 INDUSTRIAL WATER SERVICE 14295.20 11959.79 0.00
12231 INTERSOL 319748.44 311729.79 0.00
20568 JTL ENVIRONMENTAL REMED 11078.88 11078.88 0.00
15131 LAIDLAW 800.00 800.00 0.00
10336 LAIDLAW ENVIRONMENTAL 14052.76 14052.76 0.00
21701 LAIDLAW ENVIRONMENTAL 181.75 -181.75 0.00
22184 LAIDLAW ENVIRONMENTAL 560.00 560.00 0.00
42047 LAIDLAW ENVIRONMENTAL 18954.54 18954.54 0.00
47893 LAIDLAW ENVIRONMENTAL 910.00 -1587.71 0.00
18664 LIBERTY INVESTMENT 8184.87 8184.87 0.00
19529 MARINE SHALE PROCESSORS 1865.07 990.07 0.00
60509 PETRO CLEAN 2754.41 2754.41 0.00
13492 PHILIP SERVICES CORP -717.74 -717.74 0.00
18044 PHILIP SERVICES CORP 18281.32 19556.48 0.00
<PAGE>
1-30 31-60 61-90 OVER 90
DAYS DAYS DAYS DAYS
OLD OLD OLD OLD
___________ _________ ________ _______
<S> <C> <C> <C> <C>
0.00 0.00 0.00 2900.00
0.00 378.88 1077.87 0.00
1163.70 1980.90 1980.90 6834.29
0.00 -3460.50 29742.96 285447.33
0.00 0.00 0.00 11078.88
0.00 0.00 800.00 0.00
6052.90 6679.79 1320.07 0.00
0.00 0.00 0.00 -181.75
560.00 0.00 0.00 0.00
2548.90 5471.35 0.00 10934.29
0.00 0.00 0.00 -1587.71
0.00 0.00 0.00 8184.87
-10.00 -11.00 -11.00 1022.07
0.00 0.00 0.00 2754.41
296.03 434.62 0.00 -1468.39
14589.96 1320.07 0.00 4966.52
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
AR770 SUMMARIZED ACCOUNTS RECEIVABLE AGING ANALYSIS PAGE 3
AGED BY INVOICE DATE
16 APR 1998
FOR COMPANY: ENVIRONMENTAL TRANSPORTATION
AGING THROUGH: 03/31/98
CUSTOMER CUSTOMER INVOICE CURRENT CURRENT
REFERENCE NAME AMOUNT BALANCE AMOUNT
_________ _______________________ __________ __________ ________
<S> <C> <C> <C> <C>
14676 PLANTATION PIPELINE 647.90 647.90 0.00
20409 RESOURCE RECOVERY 1911.60 1911.60 0.00
59382 RINECO 10290.54 10290.54 0.00
19855 SAFETY KLEEN 2565.54 -411.33 0.00
20772 SAMEX ENVIRONMENTAL 7750.00 7750.00 0.00
11370 SOLVAY POLYMERS 580.00 580.00 0.00
12026 TRI STATE GOVT. SERVICES 840.00 840.00 0.00
21536 U S ECOLOGY 42557.70 54255.70 0.00
22017 USA WASTE 324.00 -24.48 0.00
16379 VELSICOL CHEMICAL CO 1104.15 887.65 0.00
17845 VELSICOL CHEMICAL CO 17400.00 17400.00 0.00
12248 WARREN PETROLEUM 840.00 840.00 0.00
15168 WESTINGHOUSE 593.60 593.60 0.00
17423 WHELAND FOUNDRY DIVISION 335.57 -335.57 0.00
13752 WHITETAIL SERVICES INC 268.75 268.75 0.00
20105 WORLD ENVIRONMENTAL,INC 17204.95 12446.60 0.00
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
1-30 31-60 61-90 OVER 90
DAYS DAYS DAYS DAYS
OLD OLD OLD OLD
___________ _________ _________ __________
<S> <C> <C> <C> <C>
0.00 323.95 323.95 0.00
907.20 1004.40 0.00 0.00
901.25 1125.77 490.48 7773.04
270.63 335.58 335.58 -1353.12
0.00 0.00 0.00 7750.00
280.00 0.00 0.00 300.00
840.00 0.00 0.00 0.00
0.00 0.00 0.00 42557.70
0.00 -24.48 0.00 0.00
433.00 454.65 0.00 0.00
10600.00 6400.00 0.00 0.00
840.00 0.00 0.00 0.00
593.60 0.00 0.00 0.00
0.00 0.00 -335.57 0.00
268.75 0.00 0.00 0.00
606.20 671.15 671.15 10498.10
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
AR770 SUMMARIZED ACCOUNTS RECEIVABLE AGING ANALYSIS PAGE 4
AGED BY INVOICE DATE
APR 1998
FOR COMPANY: ENVIRONMENTAL TRANSPORTATION
AGING THROUGH: 03/31/98
CUSTOMER CUSTOMER INVOICE CURRENT CURRENT
REFERENCE NAME AMOUNT BALANCE AMOUNT
_________ _______________________ __________ __________ ________
<S> <C> <C> <C> <C>
21766 ZHAGRUS ENVIRONMENT INC 1645.00 -1577.50 0.00
*** TOTAL ENVIRONMENTAL 708098.66 663215.13 900.00
TRANSPORTATION
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
1-30 31-60 61-90 OVER 90
DAYS DAYS DAYS DAYS
OLD OLD OLD OLD
___________ _________ _________ __________
<S> <C> <C> <C> <C>
0.00 0.00 0.00 -1577.50
40280.52 22545.76 37723.09 561765.76
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
AR770 SUMMARIZED ACCOUNTS RECEIVABLE AGING ANALYSIS PAGE 6
AGED BY INVOICE DATE
APR 1998
FOR COMPANY: BMH MATERIALS, INC.
AGING THROUGH: 03/31/1998
CUSTOMER CUSTOMER INVOICE CURRENT CURRENT
REFERENCE NAME AMOUNT BALANCE AMOUNT
_________ _______________________ __________ __________ ________
<S> <C> <C> <C> <C>
17674 ALLWASTE, INC. 210.00 210.00 0.00
19971 DRUM SERVICE CO OF FL 0.00 -410.00 0.00
15240 SECURITY ENVIRONMENTAL 7077.90 7077.90 0.00
*** TOTAL BMH MATERIALS, INC. 7287.90 6877.90 0.00
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
1-30 31-60 61-90 OVER 90
DAYS DAYS DAYS DAYS
OLD OLD OLD OLD
___________ _________ _________ __________
<S> <C> <C> <C> <C>
0.00 0.00 0.00 210.00
0.00 0.00 0.00 -410.00
0.00 0.00 0.00 7077.90
0.00 0.00 0.00 6877.90
</TABLE>
<PAGE>
<PAGE>
<TABLE>
<CAPTION>
AP805 AGING BY VENDOR REPORT Page 24
24 11119:06am
16 Apr 1998
For Company: AMETECH BOX RENTAL
Aging Thru : 03/31/98
For Period End: 03/31/98
Vendor Vendor....... ......... Invoice... Invoice.... Due
Code.. Name................... Number.... Date........ Date
<S> <C> <C> <C> <C>
47233 BIO STAR INC 88141C 04/18/88 05/18/88
7806 CERIDIAN INC 629532RI 02/10/98 03/12/98
10980 PITNEY BOWES INC 942002 02/16/98 03/18/98
9869 SOUTHWESTERN BELL 6778781. 01/13/98 02/12/98
198
2343 VIVIAN GEORGE 2127 04/09/98 05/09/98
AMB343H BO 2127 94/09/98 05/09/98
</TABLE>
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<PAGE>
PAGE 24 09:19:10am Mar 1998
<TABLE>
<CAPTION>
Balance........0-30......31-60.....61-90....Over 90....Days Past.
Remaining......Balance...Balance...Balance..Balance....Due.......
<S> <C> <C> <C> <C> <C>
0.00 60.00 0.00 0.00 0.00 3634
213.50 0.00 213.50 0.00 0.00 49
237.26 0.00 237.26 0.00 0.00 43
33.51 0.00 1,283.27 1,316.78 0.00 77
341.00 341.00 0.00 0.00 0.00 -9
925.27 341.00 -832.51 1,316.78 0.00 -9
</TABLE>
<PAGE>
<PAGE>
Department of Justice
Office of the U.S. Trustee CHAPTER 11 QUARTERLY FEE PAYMENT
Name: AMETECH INC AND ENVIRONMENTAL TRANSPORTATION SERVICES INC
____________________________________________________________
Mailing Address: 1813 S.E. 25TH. OKLAHOMA CITY, OK 73129
_________________________________________________
OKC, OKLAHOMA Ch.11 ten-digit
__________________ Account Number: 0 9 1 1 - 0 1 8 B H
___________________
Court Location:City & State
_____________
Mail this form and your
payment to:
U.S. Trustee Payment Center
P.O. Box 198246, Atlanta, GA 30384
4/24/98 /s/ Scott Brown
________ ____________________
Date Mailed Debtor Signature
[ ] Completed at U.S.
Trustee Office * I certify under penalty of
perjury that to the best of my
knowledge this report is correct.
by
____________________
UST 11A 2/97
ESCROW AGREEMENT
THIS AGREEMENT is made this ____ day of May, 1998, by and
among ENVIRONMENTAL TRANSPORTATION SERVICES, INC., an Oklahoma
corporation ("Seller"), METROPOLITAN ENVIRONMENTAL, INC., an
Indiana corporation ("Purchaser"), and NATIONSBANK OF TENNESSEE,
N.A., a national banking association ("Escrow Agent"), under the
following circumstances:
A. Seller and Purchaser entered into a Purchase
and Sale Agreement dated March 2, 1998 (the "Purchase and Sale
Agreement") in which Purchaser agreed to purchase certain property
from Seller, including certain real property located at 1813
Southeast 25th Street, Oklahoma City, Oklahoma 73129, as more
specifically described on Exhibit "A" attached hereto (the "Real
Property").
B. The Purchase and Sale Agreement was approved by
order of the United States Bankruptcy Court for the Western
District of Oklahoma entered in the Seller's bankruptcy case on
April 7, 1998 (the "Order").
C. The parties enter into this Escrow Agreement
pursuant to Section 7.1 of the Purchase and Sale Agreement and in
accordance with the terms of the Order.
NOW, THEREFORE, in consideration of the foregoing and the
mutual promises contained herein, the parties agree as follows:
1. Escrow Property.
1.1 Deposit of Deed. Upon execution of this Agreement,
Seller shall deliver a Special Warranty Deed (the "Deed"), Owner's
Affidavit and Non-Foreign Affidavit covering the Real Property
(together, "Seller's Documents") to the Escrow Agent, which Deed
and Seller's Documents shall be duly executed and acknowledged by
Seller, and in the form of Exhibit "B" attached hereto.
1.2 Deposit of the Escrow Amount. Upon execution of
this Agreement, Purchaser shall deposit, by wire transfer of
federal funds, Two Hundred Fifty Thousand and No/100 Dollars
($250,000.00) representing the purchase price for the Real Property
("Purchase Price"), into Escrow Agent's trust account (the "Escrow
Account") as follows:
NationsBank of Tennessee, N.A.
___________________________
Account No. ________________
ABA No. __________________
Attn. ______________________
1.3 Seller's Account. Any funds in the Escrow Account
which, under the terms of this Agreement, are to be paid to the
<PAGE>
Seller, should be wire transferred to the Seller's account as
follows:
Will Rogers Bank
Environmental Transportation Services, Inc.
Account No. 3621715
ABA No. 103001650
2. Transfer of Real Property.
2.1 Environmental Audit. The parties hereby
acknowledge that there are certain environmental issues relating to
the Real Property that are currently under investigation and that
a Phase II environmental audit report and supplemental report (the
"Environmental Report") is being prepared by Cardinal
Environmental, Inc. (the "Environmental Firm") pursuant to Section
8.2 of the Purchase and Sale Agreement. Seller and Purchaser agree
to extend the determination of whether Purchaser will purchase the
Real Property until the Environmental Report has been completed as
set forth specifically herein.
2.2 Negotiation Window. Upon Purchaser's receipt of the
Environmental Report, the parties will have ten (10) days in which
to endeavor to resolve all issues regarding the contamination, if
any, revealed in the Environmental Report, in the manner set forth
in Paragraph 2.3 below.
2.3 Alternative Resolutions.
2.3.1 Remediation Costs of Equal to or Less Than
$15,000. If (a) the Environmental Report shows contamination in
nature and at such levels which the Environmental Firm determines
would require a total expenditure of $15,000 or less to fully
remediate ("Remediation Cost"), and (b) the Escrow Agent receives
written notice from the Purchaser during the Negotiation Window so
stating such Remediation Cost, the Purchase Price shall be reduced
by such Remediation Cost and the Escrow Agent shall at the
termination of the Negotiation Window (i) deliver the stated
Remediation Cost, not to exceed a total of $15,000, to the
Purchaser from the funds in the Escrow Account, (ii) deliver the
Tax Payment (as hereafter defined) to the Purchaser and the balance
of the funds within the Escrow Account to the Seller by wire
transfer to the account designated by Seller in the written notice,
and (iii) deliver the Deed and Seller's Documents to the Purchaser.
If written notice stating the Remediation Cost is not received by
the Escrow Agent from the Purchaser during the Negotiation Window,
the Escrow Agent shall immediately deliver the Tax Payment to the
Purchaser and all of the remaining funds within the Escrow Account
to the Seller and deliver to the Purchaser the Deed and the
Seller's Documents.
2.3.2 Remediation Costs Greater Than $15,000.
If the Environmental Report shows contamination on the Real
Property in nature and at such levels which the Environmental Firm
determines would require Remediation Cost of more than $15,000, and
the Seller receives written notice during the Negotiation Window
2
<PAGE>
stating such Remediation Cost, the parties hereto shall have the
remainder of the Negotiation Window to select one of the
alternatives designated below to resolve such issue or issues.
Purchaser shall select one of the following alternatives set forth
in this Paragraph 2.3.2 (A), (B) or (C) and shall send notification
in writing to the Escrow Agent prior to the expiration of the
Negotiation Window. If prior to the expiration of the Negotiation
Window, appropriate notice is not given in writing to the Escrow
Agent as to which of the options under Paragraph 2.3.2 (A), (B) or
(C) has been selected, the Purchaser shall be deemed to have
elected to purchase the Real Property pursuant to Paragraph 2.3.2
(B) and the Escrow Agent shall perform its duties as set forth
therein.
(A) The Purchaser may terminate this Agreement
without any liability or obligation to the other party. The Escrow
Agent shall, upon written notification of termination from the
Purchaser (i) deliver the funds in the Escrow Account to the
Purchaser, and (ii) deliver to the Seller the Deed and the Seller's
Documents.
(B) The Purchaser may purchase the Real Property.
In such case, the Purchaser agrees that the Remediation Cost for
the Real Property is $15,000 and, upon such written notice to the
Escrow Agent from Purchaser, the Escrow Agent shall (i) deliver
$15,000 and the Deed plus the Seller's Documents and the Tax
Payment (as hereafter defined) to Purchaser, and (ii) deliver the
remaining funds in the Escrow Account to Seller.
(C) The Seller and Purchaser may endeavor to
negotiate an alternative resolution and if the parties are able to
reach an agreement other than as set forth in sub-paragraph (A) or
(B) above, the parties acknowledge that Congress Financial
Corporation (Southwest) ("Congress") must approve and consent to
such agreement so that written notice and instruction from the
Seller and Purchaser may be timely given to the Escrow Agent.
3. Use of Real Property Pending Transfer. Seller
agrees that Purchaser shall have the right and license to use the
Real Property for a period commencing effective April 22, 1998, and
ending on the earlier of (a) the date on which the Real Property is
transferred pursuant to Paragraph 2, or (b) May 23, 1998; provided
that Purchaser shall pay any and all utility and operating expenses
and minor repairs for the Real Property (and such major repairs
which may result due to Purchaser's actions) incurred during the
time the Real Property is in the possession of Purchaser.
4. Insurance. Purchaser agrees to add Seller as a
named insured on Purchaser's liability insurance policy for as long
as Purchaser occupies the Real Property.
5. Utilities. Seller agrees to pay any and all
utility expenses for the Real Property incurred on or before April
22, 1998 as well as on and after the date possession of Real
Property is returned to Seller if Purchaser does not purchase the
Real Property as provided herein.
6. Taxes. The parties agree that if Purchaser
purchases the Real Property, the real property taxes shall be
prorated as set forth in the Purchase and Sale Agreement with the
transfer of Real Property deemed effective as of April 22, 1998,
3
<PAGE>
rather than the date of actual closing. It shall be the Seller's
responsibility to pay the past-due taxes assessed against the Real
Property in the amount of $3,565.58 plus the estimated 1998 Real
Property taxes accrued through and including April 21, 1998 in the
amount of $1,023.42, for a total amount of $4,589.00 (the "Tax
Payment"). In the event that the closing occurs subsequent to May
15, 1998, the Tax Payment amount will be increased by the sum of
$50.46 on the fifteenth (15th) day of each month commencing May 15,
1998.
7. Indemnification of Escrow Agent. Seller and
Purchaser, jointly and severally, hereby indemnify and hold Escrow
Agent harmless from and against any and all losses, costs,
expenses, liabilities, and damage (including reasonable attorneys'
fees) arising from or out of any claim in connection with the
performance of any of the obligations required by Escrow Agent to
be performed hereunder, excepting, however, any loss, cost, expense
or damage resulting from Escrow Agent's gross negligence or willful
misconduct in exercising its duties under this Escrow Agreement.
8. Responsibilities and Duties of Escrow Agent. It is
agreed that Escrow Agent shall have no duties or responsibilities
except those expressly set forth herein. Escrow Agent may consult
with counsel and shall be fully protected with respect to any
action taken or omitted by it in good faith on advice of counsel.
Escrow Agent may rely on any certificate, statement, request,
consent, agreement or other instrument which it reasonably believes
to be genuine and to have been signed or presented by a proper
person or persons. Escrow Agent will not be responsible for the
sufficiency or accuracy of the form, execution or validity of any
document delivered to it hereunder. Escrow Agent shall not be
bound by any modification of this Escrow Agreement unless in
writing and signed by the other parties hereto and, if the duties
of the Escrow Agent hereunder are affected, unless it shall have
given its prior written consent thereto. In the event that Escrow
Agent shall be uncertain as to its duties or rights hereunder or
shall receive instructions from any party hereto with respect to
the Escrow Amount, which, in its opinion, are in conflict with any
of the provisions of this Escrow Agreement, it shall be entitled to
refrain from taking any action other than to keep safely the Escrow
Account and Deed until it shall be directed otherwise in writing by
the other parties hereto or by a final judgment of an appropriate
court.
9. Litigation. In the event Escrow Agent is
threatened with litigation by reason hereof, it is hereby
authorized to interplead all interested parties in any court of
competent jurisdiction and to deposit with such court any funds and
documents held by it pursuant hereto and, thereupon, it shall stand
fully relieved and discharged of any further duties hereunder.
10. Agreement Consistent with Purchase and Sale
Agreement. Unless the terms of this Agreement specifically set
forth otherwise, the terms of this Agreement shall be construed and
interpreted in a manner that is consistent with the terms of the
Purchase and Sale Agreement.
11. Notices. Unless otherwise provided in this
Agreement, any notices, certificates, or instructions provided for
hereunder shall be in writing and shall be deemed to have been
properly delivered when such notice is delivered personally, or by
facsimile, or by recognized overnight courier service, or is
deposited in the United States mail, certified or registered,
4
<PAGE>
postage prepaid, return receipt requested, addressed to the parties
at their respective addresses, as follows:
11.1 In the case of Seller, to:
Environmental Transportation Services, Inc.
Attn: Michael D'Appolonia, President
1813 Southeast 25th
Oklahoma City, OK 73129
Facsimile No.: 405-672-1781
with a copy to:
Kiran A. Phansalkar, Esq.
CONNER & WINTERS, P.C.
One Leadership Square
211 N. Robinson, Suite 1700
Oklahoma City, OK 73102
Facsimile No.: 405-232-2695
11.2 In the case of Purchaser, to:
Metropolitan Environmental, Inc.
Attn: Scott H. Swonger
810 West Market Street
P.O. Box 378
Celina, Ohio 45822
Facsimile No.: 419-586-2438
with a copy to:
Jacob A. Myers, Esq.
MYERS & FRAYNE CO., LPA
18 West First Street, Suite 200
Dayton, Ohio 45402
Facsimile No.: 937-224-5782
11.3 In the case of Escrow Agent, to:
NationsBank of Tennessee, N.A.
633 Chestnut Street
Chattanooga, Tennessee 37450
Facsimile No.: 423-755-0689
5
<PAGE>
12. Binding Effect. This Agreement shall be binding upon
and inure to the benefit of the parties hereto and their respective
legal representatives, successors, and assigns.
13. Governing Law. This Agreement shall be governed by the
laws of the State of Oklahoma.
14. Escrow Fees. All escrow fees payable for Escrow Agent's
services to be rendered hereunder and costs incurred by Escrow
Agent shall be paid one-half (1/2) by Purchaser and one-half (1/2) by
Seller .
15. Defined Terms. All capitalized terms that are not
otherwise defined in this Agreement shall have the meanings set
forth in the Purchase and Sale Agreement.
16. Counterparts. This Agreement may be executed in separate
counterparts which together shall constitute one and the same
instrument.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the date first written above.
SELLER:
ENVIRONMENTAL TRANSPORTATION
SERVICES, INC.
By: ______________________________________
Michael D'Appolonia, President
PURCHASER:
METROPOLITAN ENVIRONMENTAL, INC.
By: ______________________________________
Scott H. Swonger,
Secretary and Treasurer
ESCROW AGENT:
NATIONSBANK OF TENNESSEE, N.A.
By: ______________________________________
6
