================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
March 10, 2000
UNITEL VIDEO, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-8654 23-1713238
- ---------------------------- ---------------- ----------------
(State or other jurisdiction (Commission File (I.R.S. Employer
of incorporation) Number) Identification No.)
555 West 57th Street, New York, New York 10019
- ---------------------------------------- ---------
(Address of principal executive offices) (Zip Code)
212-265-3600
----------------------------------------------------
(Registrant's telephone number, including area code)
N/A
-------------------------------
(Former name or former address,
if changed since last report)
================================================================================
<PAGE>
Item 5. Other Events
On March 10, 2000, Unitel Video, Inc. (the "Company") filed unaudited
monthly operating reports for the month ended December 31, 1999 with the United
States Bankruptcy Court for the District of Delaware (the "Court"), in
connection with the Company's and its domestic subsidiaries cases (the "Cases")
under Chapter 11 of title 11 of the United States Code (Case No. 99-2979 (PJ)).
The Company has included this report as an exhibit to this Form 8-K.
Item 7. Financial Statement, Pro Forma Financial Information and Exhibits
(a) Financial statements of business acquired:
Not applicable
(b) Pro forma financial information:
Not applicable
(c) Exhibits:
99.1: The Company's unaudited monthly operating report for the month
ended December 31,1999, filed with the Court on March 10, 2000
in connection with the Cases
1
<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, thereunto duly authorized.
UNITEL VIDEO, INC.
Date: March 24, 2000 BY: /s/ Joel Getzler
-------------------------------------
Joel Getzler
President
Getzler & Co., Inc.
for Unitel Video, Inc.
2
<PAGE>
EXHIBIT INDEX
EXHIBIT DESCRIPTION SEQUENTIAL Page No.
- ------- ----------- -------------------
99.1 The Company's unaudited 4
monthly report for the month
ended December 31, 1999
filed with the Court on March
10 , 2000 in connection with
the Cases
3
Exhibit 99.1
Debtor: ACCRUAL BASIS - 1
Case No.:
OFFICE OF THE UNITED STATES TRUSTEE - REGION 3
MONTHLY OPERATING REPORT
for the month ending DECEMBER, 1999
================================================================================
Document Previously Explanation
Required Attachments: Attached Submitted Attached
1. Tax Receipts |X| |_| |_|
2. Bank Statements |X| |_| |_|
3. Most recently filed
Income Tax Return |_| |X| |_|
4. Most recent Annual Financial
Statements prepared by accountant |_| |X| |_|
IN ACCORDANCE WITH TITLE 28, SECTION 1746, OF THE UNITED STATES CODE I DECLARE
UNDER PENALTY OF PERJURY THAT I HAVE EXAMINED THE FOLLOWING MONTHLY OPERATING
REPORT (ACCRUAL BASIS - 1 THROUGH ACCRUAL BASIS - 8) AND THE ACCOMPANYING
ATTACHMENTS AND, TO THE BEST OF MY KNOWLEDGE, THESE DOCUMENTS ARE TRUE, CORRECT
AND COMPLETE. DECLARATION OF PREPARER (OTHER THAN RESPONSIBLE PARTY) IS BASED ON
ALL INFORMATION OF WHICH PREPARER HAS ANY KNOWLEDGE.
RESPONSIBLE PARTY: Getzler & Co., Inc.
/s/ Brian Mittman Consultant to Unitel Video
- --------------------------------------- -------------------------------------
SIGNATURE OF RESPONSIBLE PARTY TITLE
BRIAN MITTMAN 2/29/00
- --------------------------------------- -------------------------------------
PRINTED NAME OF RESPONSIBLE PARTY DATE
PREPARER:
/s/ Sandra Brethower Accountant
- --------------------------------------- -------------------------------------
SIGNATURE OF PREPARER TITLE
Sandra Brethower 2/29/00
- -------------------------------------- -------------------------------------
PRINTED NAME OF PREPARER DATE
All Chapter 11 debtors must file this report with the Court and
serve a copy on the United States Trustee no later than the 15th day
of the month following the end of the month covered by the report.
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
- --------------------------------------------------------------------------------
INCOME STATEMENT
<TABLE>
<CAPTION>
========================================================
Sep-99 Oct-99 Nov-99 Dec-99
====================================================================================================================================
<S> <C> <C> <C> <C>
Revenues $ 2,365,691 $ 2,134,301 $ 1,907,497 $ 1,617,218
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Cost of Sales
- ------------------------------------------------------------------------------------------------------------------------------------
Rent $ 148,817 $ 151,527 $ 151,096 $ 157,126
- ------------------------------------------------------------------------------------------------------------------------------------
Payroll $ 354,647 $ 422,958 $ 336,332 $ 473,707
- ------------------------------------------------------------------------------------------------------------------------------------
Equipment leases $ 35,726 $ 23,144 $ 23,144 $ 28,909
- ------------------------------------------------------------------------------------------------------------------------------------
Other COGS $ 538,898 $ 641,690 $ 447,481 $ 347,907
- ------------------------------------------------------------------------------------------------------------------------------------
Total COGS $ 1,078,088 $ 1,239,319 $ 958,053 $ 1,007,649
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Operating Expenses
- ------------------------------------------------------------------------------------------------------------------------------------
Officer/insider compensation $ 74,173 $ 72,250 $ 54,875 $ 75,952
- ------------------------------------------------------------------------------------------------------------------------------------
Overhead payroll $ 76,799 $ 52,397 $ 46,904 $ 67,379
- ------------------------------------------------------------------------------------------------------------------------------------
Insurance $ 6,726 $ 10,216 $ 89,953 $ 6,726
- ------------------------------------------------------------------------------------------------------------------------------------
Other SG&A $ 84,473 $ 82,651 $ 57,962 $ 47,444
- ------------------------------------------------------------------------------------------------------------------------------------
Total Operating Expenses $ 242,171 $ 217,514 $ 249,694 $ 197,501
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Gain on sale of equipment $ 25,000 $ -- $ -- $(3,083,631)
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Depreciation & Amortization $ 428,747 $ 428,352 $ 420,715 $ 434,582
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Interest expense $ 287,112 $ 283,060 $ 277,175 $ 319,822
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Reorganization expenses
- ------------------------------------------------------------------------------------------------------------------------------------
Professional fees (Kaye Scholer, Getzler, Heller, Houlihan-L) $ 252,832 $ 321,233 $ 312,921 $ 266,452
- ------------------------------------------------------------------------------------------------------------------------------------
U.S. Trustee fees $ 1,000
- ------------------------------------------------------------------------------------------------------------------------------------
Total Reorganization Expenses $ 253,832 $ 321,233 $ 312,921 $ 266,452
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
Net Profit (loss) $ 100,741 $ (355,177) $ (311,061) $(3,692,419)
====================================================================================================================================
</TABLE>
Notes:
Officer/insider compensation is payroll only; doesn't include payroll tax;
payroll tax is included in the direct portion Interest expense includes many
equipment leases
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
================================================================================
BALANCE SHEET
================================================================================
Cash $ 136,333
Net accounts receivable $ 2,676,761
Prepaid corporate tax & expenses, deferred tax asset $ 559,031
- --------------------------------------------------------------------------------
Total Current Assets $ 3,372,125
- --------------------------------------------------------------------------------
PP&E $ 79,597,826
Accumulated depreciation $ 45,190,303
- --------------------------------------------------------------------------------
Net PP&E $ 34,407,523
- --------------------------------------------------------------------------------
Deferred taxes $ 2,157,058
Other Assets $ 1,969,058
Goodwill $ 1,398,743
================================================================================
Total Assets $ 43,304,507
================================================================================
Prepetition accounts payable $ 7,274,664
Postpetition accounts payable $ 573,219
Accrued expenses $ 3,443,615
Payroll & related expense $ 753,089
Current maturity of secured long-term debt $ 19,788,655
Current maturity of unsecured long-term debt $ 1,380,726
- --------------------------------------------------------------------------------
Total current liabilities $ 33,213,968
- --------------------------------------------------------------------------------
Secured long-term debt $ 13,573,624
Unsecured long-term debt $ 947,081
Accrued retirement expense $ 917,276
- --------------------------------------------------------------------------------
Long-term liabilities $ 15,437,981
- --------------------------------------------------------------------------------
Common stock $ 26,755
Add'l paid-in capital $ 27,286,352
Treasury stock $ (7,645,089)
Retained earnings $(20,851,417)
YTD Income/loss $ (4,164,044)
- --------------------------------------------------------------------------------
Total stockholders' equity $ (5,347,443)
- --------------------------------------------------------------------------------
================================================================================
Total liabilities & stockholders' equity $ 43,304,506
================================================================================
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
<TABLE>
<CAPTION>
====================================================================================================================================
CASH RECEIPTS AND December
DISBURSEMENTS Payroll NY Mobile Petty Cash Total
====================================================================================================================================
<C><S> <C> <C> <C> <C> <C>
1 Cash-Beginning of Month $ 14,162.00 $ 41,169.00 $ 31,152.00 $ 53,508.00 $ 139,991.00
RECEIPTS
2 Cash Sales $ 5,000.00 $ 5,000.00
3 Accounts Receivable Collections $ --
4 Loans & Advances $ -- $1,431,875.00 $ 189,984.00 $ -- $1,621,859.00
5 Sale of Assets $1,070,924.00 $1,070,924.00
6 Lease & Rental Income $ --
7 Wages $ --
8 Other-Transfers between accounts $ 636,594.00 $ (636,594.00) $ (13,362.00) $ 13,362.00 $ --
9 Total Receipts(Total Lines 2-8) $ 636,594.00 $1,871,205.00 $ 176,622.00 $ 13,362.00 $2,697,783.00
DISBURSEMENTS
10 Net Payroll $ 397,559.00 $ -- $ 397,559.00
11 Payroll Taxes $ 196,992.00 $ -- $ 196,992.00
12 Sales, Use & Other Taxes Paid $ 247.00 $ 10,346.00 $ 10,593.00
13 Inventory Purchases $ -- $ --
14 Mortgage Payments $ -- $ --
15 Other Secured Note Payments $1,000,000.00 $1,000,000.00
16 Rental & Lease Payments $ 160,375.00 $ 22,860.00 $ 183,235.00
17 Utilities $ 83,475.00 $ 26,977.00 $ 110,452.00
18 Insurance $ 30,827.00 $ 91,827.00 $ 977.00 $ 123,631.00
19 Vehicles Expenses $ -- $ --
20 Travel $ 1,253.00 $ 4,560.00 $ 5,813.00
21 Entertainment $ 1,543.00 $ 1,543.00
22 Repairs & Maintenance $ 60,557.00 $ 2,444.00 $ 63,001.00
23 Supplies $ 3,623.00 $ 1,205.00 $ 4,828.00
24 Advertising $ --
25 Household Expenses $ --
26 Charitable Contributions $ --
27 Gifts $ --
28 Other (Attach List) $ 26,863.00 $ 72,996.00 $ 129,817.00 $ 22,069.00 $ 251,745.00
29 Total Lines 10-28 $ 652,488.00 $1,485,995.00 $ 188,840.00 $ 22,069.00 $2,349,392.00
REORGANIZATION EXPENSES
30 Professional Fees-KS,Getzler $ 340,597.00 $ 340,597.00
31 U.S. Trustee Fees $ -- $ --
32 Other - Bankruptcy Services $ 11,452.00 $ 11,452.00
33 Total Lines 30-32 $ -- $ 352,049.00 $ -- $ -- $ 352,049.00
34 Total Disbursements (Line 29-33) $ 652,488.00 $1,838,044.00 $ 188,840.00 $ 22,069.00 $2,701,441.00
35 Net Cash Flow (Line 9- Line 34) $ (15,894.00) $ 33,161.00 $ (12,218.00) $ (8,707.00) $ (3,658.00)
36 Cash-End of Month (Line 1 + Line 35) $ (1,732.00) $ 74,330.00 $ 18,934.00 $ 44,801.00 $ 136,333.00
<CAPTION>
====================================================================================================================================
28 OTHER CASH DISBURSEMENTS
Payroll NY Mobile Petty Cash Total
====================================================================================================================================
<S> <C> <C> <C> <C> <C>
Security $ 35,136.00 $ -- $ 35,136.00
Utility Deposits $ -- $ -- $ --
Equipmement Rental $ 2,439.00 $ 28,060.00 $ 30,499.00
Shipping, Postage & Messenger $ 2,450.00 $ 7,811.00 $ 10,261.00
Bank Charges $ 228.00 $ 60.00 $ 288.00
Freelancers $ 11,990.00 $ 8,849.00 $ 20,839.00
401K $ 26,586.00 $ 26,586.00
Union Dues $ 277.00 $ 663.00 $ 940.00
Perdiems, Airfare, Hotels $ 39,089.00 $ 22,069.00 $ 61,158.00
Equipment R&M, Truck Rentals, Fuel $ 10,978.00 $ 35,128.00 $ 46,106.00
Miscellaneous $ 9,775.00 $ 10,157.00 $ -- $ 19,932.00
Total Other Cash Disbursements $ 26,863.00 $ 72,996.00 $ 129,817.00 $ 22,069.00 $ 251,745.00
====================================================================================================================================
</TABLE>
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
================================================================================
UNITEL OPERATING ACCOUNT
================================================================================
see attached exhibit
================================================================================
================================================================================
MELLON OPERATING ACCOUNT
================================================================================
see attached exhibit
================================================================================
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
<TABLE>
<CAPTION>
====================================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
Closed
BANK RECONCILIATIONS Account #1 Account #2 Account #3 Account #4
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A BANK: Fleet Fleet Mellon Fleet
B ACCOUNT NUMBER: 9417-544821 9415-859803 038-5545 9417-549227
C PURPOSE (TYPE) Payroll A/P A/P Petty Cash
-
1 Balance per Bank Statement $38,341 $174,744 $108,287 $0
2 Total Deposits Not Credited
3 Outstanding Checks $38,044 $100,414 $89,363
4 +/- Other reconciling items (Attach List) -$2,029 $0 $10
5 Month end balance per books -$1,732 $74,330 $18,934 $0
6 Number of last check written 1627 8526 41537
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Closed Closed
BANK RECONCILIATIONS Account #5 Account #6 Account #7 Account #8 Account #9
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A BANK: Wells Fargo Wells Fargo Union BOC PNC Bank
B ACCOUNT NUMBER: 4159-405224 0290-519198 Imprest 0720089084 10-0959-6087
C PURPOSE (TYPE) Payroll A/P Petty Cash A/P A/P
-
1 Balance per Bank Statement $0 $0 $0 $3,867 $20,999
2 Total Deposits Not Credited $0 $0 $0 $0 $0
3 Outstanding Checks $0 $6,698
4 +/- Other reconciling items (Attach List) $15,000 $11,133 $0
5 Month end balance per books $0 $0 $15,000 $15,000 $14,301
6 Number of last check written
11 INVESTMENT ACCOUNTS - NONE
12 CURRENCY ON HAND $500
13 TOTAL CASH-END OF MONTH $136,333
====================================================================================================================================
</TABLE>
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
================================================================================
FLEET PAYROLL BANK RECONCILIATION
================================================================================
BALANCE PER BANK 12/31/99 $38,341.27
LESS O/S CHECKS $38,044.01
ADJUSTED BANK BALANCE $297.26
BOOK BALANCE 12/31/99 -$1,731.82
DIFFERENCE $2,029.08
OUTSTANDING CHECK LIST:
CK # Amount
1079 $ 571.97
1141 $ 1,305.76
1346 $ 483.71
1461 $ 249.32
1495 $ 482.64
1522 $ 917.13
1552 $ 695.18
1579 $ 1,193.83
1580 $ 917.13
1587 $ 231.22
1591 $ 544.90
1596 $ 798.21
1597 $ 729.68
1598 $ 592.50
1599 $ 609.61
1600 $ 578.91
1601 $ 829.29
1602 $ 621.69
1603 $ 552.11
1604 $ 237.24
1605 $ 438.43
1606 $ 438.43
1607 $ 232.40
1608 $ 306.67
1609 $ 438.43
1610 $ 427.65
1611 $ 227.86
1612 $ 272.48
1613 $ 581.88
1614 $ 621.69
1615 $ 731.00
1616 $ 231.22
1617 $ 669.99
1618 $ 518.61
1619 $ 511.37
1620 $ 434.41
1621 $ 774.46
1622 $ 814.36
1623 $ 2,050.17
1625 $ 294.31
1626 $ 874.21
1627 $ 473.36
6159 $ 81.00
6164 $ 8,514.79
6165 $ 81.00
6166 $ 1,744.39
6167 $ 240.00
6168 $ 1,537.41
6169 $ 340.00
Total $38,044.01
================================================================================
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
================================================================================
ACCOUNTS RECEIVABLE AGING
================================================================================
0-30 days old $ 1,469,555
31-60 days old $ 878,180
61-90 days old $ 68,155
91+ days old $ 425,643
TOTAL ACCOUNTS RECEIVABLE $ 2,841,533
LESS RESERVE $ 164,771
ACCOUNTS RECEIVABLE (NET) $ 2,676,762
================================================================================
<TABLE>
<CAPTION>
======================================
AGING OF POSTPETITION ACCOUNTS PAYABLE
=======================================================================================================
0-30 DAYS 31-60 DAYS 61-90 DAYS 91+ DAYS TOTAL
=======================================================================================================
<S> <C> <C> <C> <C> <C>
ACCOUNTS PAYABLE $ 263,063 $35,761 $14,251 $255,829 $ 568,904
=======================================================================================================
</TABLE>
================================================================================
STATUS OF POSTPETITION TAXES
<TABLE>
<CAPTION>
=======================================================================================================================
AMOUNT
BEGINNING WITHHELD/ ENDING TAX DELINQUENT
TAX LIABILITY ACCRUED AMOUNT PAID LIABILITY TAXES
=======================================================================================================================
<S> <C> <C> <C> <C> <C>
FEDERAL
=======================================================================================================================
Withholding $ 105,291 $ 105,291 $ --
FICA - Employee $ 28,071 $ 28,071 $ --
FICA - Employer $ 28,072 $ 28,072 $ --
Unemployment $ 257 $ 257 $ --
Income
Other
=======================================================================================================================
Total Federal Taxes $ 161,691 $ 161,691 $ --
=======================================================================================================================
STATE & LOCAL
=======================================================================================================================
Withholding $ 29,971 $ 29,971
Sales $ 76 $ 711 $ 47 $ 740
Excise
Unemployment $ 2,592 $ 2,592
Real Property $ 1,129,874 $ 23,091 $ 23,091 $ 129,874
Personal Property
Commercial rent tax $ 9,663 $ 9,663 $ --
=======================================================================================================================
TOTAL STATE AND LOCAL $ 66,028 $ 65,364 $ 130,614
=======================================================================================================================
TOTAL TAXES $ 227,719 $ 227,055 $ 130,614
=======================================================================================================================
</TABLE>
================================================================================
PAYMENTS TO INSIDERS AND PROFESSIONALS
================================================================================
================================================================================
INSIDERS
================================================================================
Cumulative
NAME Position Type of Payment Amount Paid Unpaid Balance
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
TOTAL PAYMENTS TO INSIDERS $ --
================================================================================
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
<TABLE>
<CAPTION>
====================================================================================================================================
PROFESSIONALS
====================================================================================================================================
Type of Date of Court Order Amount
NAME Professional Authorizing Payment Approved Amount Paid Date of Payment
====================================================================================================================================
<S> <C> <C> <C> <C> <C>
Bankruptcy services $ 11,452.00
Kaye Scholer Legal $ 246,304.00
Getzler Crisis management $ 93,353.00
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
ADEQUATE PROTECTION PAYMENTS
====================================================================================================================================
SCHEDULED MONTHLY
NAME OF CREDITOR PAYMENTS DUE AMOUNTS PAID DURING MONTH TOTAL UNPAID POSTPETITION
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Bear Stearns - mortgage $111,000 $111,000
- ------------------------------------------------------------------------------------------------------------------------------------
Heller - term loan $100,000 $100,000
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
====================================================================================================================================
QUESTIONNAIRE
YES NO
====================================================================================================================================
<S> <C> <C>
1. Have any assets been sold or transferred outside the normal course of business this reporting period? X*
- ------------------------------------------------------------------------------------------------------------------------------------
2. Have any funds been disbursed from any account other than a debtor in possession account? X
- ------------------------------------------------------------------------------------------------------------------------------------
3. Are any postpetition receivables (accounts, notes or loans) due from related parties? X
- ------------------------------------------------------------------------------------------------------------------------------------
4. Have any payments been made on prepetition liabilities this reporting period? X
- ------------------------------------------------------------------------------------------------------------------------------------
5. Have any postpetition loans been received by the debtor from any party? X*
- ------------------------------------------------------------------------------------------------------------------------------------
6. Are any postpetition payroll taxes past due? X
- ------------------------------------------------------------------------------------------------------------------------------------
7. Are any postpetition state or federal income taxes past due? X
- ------------------------------------------------------------------------------------------------------------------------------------
8. Are any postpetition real estate taxes past due? X
- ------------------------------------------------------------------------------------------------------------------------------------
9. Are any other postpetition taxes past due? X
- ------------------------------------------------------------------------------------------------------------------------------------
10. Are any amounts owed to postpetition creditors past due? X
- ------------------------------------------------------------------------------------------------------------------------------------
11. Have any prepetition taxes been paid during the reporting period? X
- ------------------------------------------------------------------------------------------------------------------------------------
12. Are any wage payments past due? X
====================================================================================================================================
</TABLE>
* Pursuant to Bankruptcy Court
<TABLE>
<CAPTION>
====================================================================================================================================
INSURANCE YES NO
====================================================================================================================================
<S> <C> <C>
1. Are worker's compensation, general liability and other necessary insurance coverages in effect? X
- ------------------------------------------------------------------------------------------------------------------------------------
2. Are all premium payments paid current? X
- ------------------------------------------------------------------------------------------------------------------------------------
3. Please itemize policies below
====================================================================================================================================
</TABLE>
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
<TABLE>
<CAPTION>
====================================================================================================================================
INSURANCE POLICIES
====================================================================================================================================
TYPE OF INSURANCE BROKER PAYMENT
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Directors & Officers Liability; Misc. Professional ARC Excess & Surplus, $6,725 monthly through 3/00;
Liability; Pension Trust Fiduciary Liability LLC - financing through AI Credit expires 6/00
- ------------------------------------------------------------------------------------------------------------------------------------
Property Policy FM Global -- financing through AFCO Down payment -- $34,449;
7 installments of $11,849
- ------------------------------------------------------------------------------------------------------------------------------------
General liability; auto disability; mobile liability; SCS Agency 9 payments of $10,113
foreign liability; DICE; workers' comp & two commencing 12-3-99;
umbrella liability policies disability through 10/00
- ------------------------------------------------------------------------------------------------------------------------------------
Travel accident HG Enterprises Renewed through 11/00
====================================================================================================================================
</TABLE>
<TABLE>
<CAPTION>
=====================================================================================================
PERSONNEL
=====================================================================================================
FULL TIME PART TIME
- -----------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Total number of employees at beginning of period 59 33
- -----------------------------------------------------------------------------------------------------
2. Number of employees hired during the period 0 17
- -----------------------------------------------------------------------------------------------------
3. Number of employees terminated or resigned during the period 1 7
- -----------------------------------------------------------------------------------------------------
4. Total number of employees on payroll at end of period 58 43
=====================================================================================================
</TABLE>
================================================================================
CHANGE OF ADDRESS
================================================================================
Mailing address has not changed
================================================================================
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
================================================================================
FLEET OPERATING BANK RECONCILIATION
================================================================================
BALANCE PER BANK 12/31/99 $174,743.58
LESS O/S CHECKS $100,413.95
ADJUSTED BANK BALANCE $ 74,329.63
BOOK BALANCE 12/31/99 $ 74,329.54
DIFFERENCE $ 0.09
Oustanding Check List:
Ck # Amount
8318 $ 104.20
8132 $ 8,741.22
8206 $ 474.00
8297 $ 17.94
8316 $ 50.00
8397 $ 472.40
8404 $ 35,833.33
8431 $ 476.00
8446 $ 939.25
8452 $ 2,392.60
8461 $ 47.50
8465 $ 3,352.37
8482 $ 800.00
8483 $ 1,217.50
8484 $ 160.00
8485 $ 1,077.09
8486 $ 1,594.51
8487 $ 112.50
8491 $ 10.12
8492 $ 155.68
8493 $ 300.00
8494 $ 25.94
8495 $ 400.00
8496 $ 6,725.94
8497 $ 223.00
8498 $ 1,318.77
8499 $ 270.62
8500 $ 840.09
8501 $ 334.93
8502 $ 543.64
8503 $ 34.00
8504 $ 231.00
8505 $ 157.08
8506 $ 518.68
8507 $ 1,450.33
8508 $ 344.72
8509 $ 10.83
8510 $ 1,379.42
8511 $ 431.05
8512 $ 238.41
8513 $ 855.18
8514 $ 74.40
8515 $ 25.00
8518 $ 2,625.74
8519 $ 55.00
8520 $ 303.93
8522 $ 449.98
8523 $ 95.26
8524 $ 160.00
8525 $ 11,849.50
8526 $ 10,113.30
Total $100,413.95
================================================================================
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
================================================================================
MELLON OPERATING BANK RECONCILIATION
================================================================================
BALANCE PER BANK 12/31/99 $108,287.01
LESS O/S CHECKS $ 89,362.81
ADJUSTED BALANCE $ 18,924.20
BOOK BALANCE 12/31/99 $ 18,934.20
DIFFERENCE $ (10.00)
Ck # Amount
39264 $ 2,105.00
39329 $ 251.32
39654 $ 105.60
40597 $ 1,199.70
41361 $ 261.91
41450 $ 83.25
41462 $ 2,654.08
41476 $ 47.32
41478 $ 5,564.00
41494 $ 210.48
41495 $ 61.35
41499 $ 649.49
41503 $ 3,285.00
41481 $ 275.00
41506 $ 14,000.00
41507 $ 69.17
41508 $ 45.10
41509 $ 90.00
41510 $ 285.50
41511 $ 370.43
41512 $ 25.81
41513 $ 450.00
41514 $ 574.93
41515 $ 99.53
41516 $ 3,137.50
41517 $ 3,221.68
41518 $ 125.00
41519 $ 550.00
41520 $ 98.45
41521 $ 9.50
41522 $ 10.22
41523 $ 50.00
41524 $ 173.32
41526 $ 1,719.38
41527 $ 20.00
41528 $ 546.81
41529 $ 1,576.07
41530 $ 10,000.00
41482 $ 542.10
41484 $ 5,681.29
41535 $ 1,344.95
41541 $ 15.10
41542 $ 64.60
41543 $ 9.69
41544 $ 71.60
41545 $ 7.12
41546 $ 2,598.37
41547 $ 233.10
41548 $ 135.00
41549 $ 658.05
41550 $ 366.48
41551 $ 2,622.62
41562 $ 10,709.00
41563 $ 17.90
41564 $ 14.96
41565 $ 47.50
41566 $ 43.00
41567 $ 39.50
41568 $ 598.22
41569 $ 65.00
41570 $ 1,356.59
41571 $ 294.42
41483 $ 2,031.40
41485 $ 283.68
41531 $ 125.00
41532 $ 3,640.42
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
41533 $ 154.25
41534 $ 100.00
41536 $ 1,390.00
41537 $ 100.00
Total $ 89,362.81
================================================================================
<TABLE>
<CAPTION>
=========================================================================================================
PETTY CASH RECONCILIATION -- PITTSBURGH
=========================================================================================================
<S> <C> <C> <C> <C>
Petty Cash Reimbursement as of: 12/31/1999
Miscellaneous
Per Diem 3000.7240.0060 $ --
Met-Jan 3300.7240.0060 $ (600.00)
Levine 3000.935 $ 43.34
Jim Will 3000.842 $ 36.34
Mayer 3000.936 $ 28.50
Bielich 3000.936 $ 98.56
$ (393.26)
Accountable Log
Samler 3000.1510.0030 $ (1,500.00)
Lewis 3000.1510.0030 $ 1,500.00
Mr TS 3000.1510.0030 $ (1,500.00)
Mr Driver 3000.1510.0030 $ (250.00)
Samler 3000.1510.0030 $ (480.58)
Jones 3000.1510.0030 $ (925.00)
3000.1510.0030 $ --
3000.1510.0030 $ --
3000.1510.0030 $ --
3000.1510.0030 $ --
$ (3,155.58)
Expense Reports Samler $ 480.58
Jones $ 1,120.07
Jones $ 18.78
$ --
$ 1,619.43
Total Reimbursement $ (1,929.41)
Cash on Hand
Cash $ 8,941.07
Loan Becky 12/14 $ 50.00
Total Cash on Hand $ 8,991.07
Past Reimbursement Due to Petty Cash $ 7,938.34
Total to Balance $ 15,000.00
=========================================================================================================
</TABLE>
<PAGE>
UNITEL VIDEO, INC. DECEMBER '99 OPERATING REPORT PREPARED 1-28-00
<TABLE>
<CAPTION>
=========================================================================================================
PETTY CASH RECONCILIATION -- BURBANK
=========================================================================================================
<S> <C> <C> <C> <C>
Burbank Petty Cash Reimbursement as of: 12/30/1999
Miscellaneous
Page 1 Checks $ 2,122.74
Page 2 Cash Receipts $ 628.27
Page 3 Per Diem $ 720.00
$ --
$ 3,471.01
Accountable Log
Geren 3000.1510.0030 $ 500.00
Will, Mike 3000.1510.0030 $ 500.00
Healy 3000.1510.0030 $ 75.00
Samler 3000.1510.0030 $ 1,400.00
Biachly 3000.1510.0030 $ 120.00
$ 2,595.00
Expense Reports 3300.8210.0100 $ --
$ --
Total Reimbursement $ 6,066.01
Cash on Hand
Cash $ 1,739.86
Checkbook $ 4,128.75
Total Cash on Hand $ 5,868.61
Past Reimbursement Due to Petty Cash $ (384.62)
Outstanding Advances
Hayes $ 1,000.00
Kendall $ 1,500.00
Martz $ 50.00
Nicholson $ 200.00
Geren $ 300.00
Gray $ 200.00
Finney $ 200.00
$ 3,450.00
Total to Balance $ 15,000.00
=========================================================================================================
</TABLE>
<PAGE>
================================================================================
Checking 25 PNCBANK
PNC Bank
Primary account number: 10-0959-6087
For the period Page 1 of 3
11/19/1999 to 12/21/1999 Number of enclosures: 0
UNITEL MOBILE VIDEO [GRAPHIC] For 24-hour customer service or
ATTN GLEN M LEVINE current rates: Call 1-877-BUS-BNKG
4100 STEUBENVILLE PIKE
PITTSBURGH PA 15205-9643 [GRAPHIC] Write to: Customer Service
PO Box 609
Pittsburgh, PA 15230-9738
[GRAPHIC] Watch for our new E-mail address
Visit us at www.pncbank.com
[GRAPHIC] TDD terminal: 1-800-531-1648
For hearing impaired clients only
================================================================================
! TO CELEBRATE THE NEW YEAR, EACH PNC BANK NORMALLY OPEN ON SATURDAYS WILL
BE OPEN ON SATURDAY, JANUARY 1, 2000. OUR SUPERMARKET BRANCHES WILL BE
OPEN DURING THE NEW YEAR'S WEEKEND. OTHER BUSINESS BANKING OPTIONS INCLUDE
WWW.PNCBANK.COM, 1-888-PNC-BANK, AND 2,800 CONVENIENTLY LOCATED ATMS.
================================================================================
Checking 25 Summary Unitel Mobile Video
Account number: 10-0959-6087 Tax ID number: 23-1713238
Account Link(R) number: 0231713238
- --------------------------------------------------------------------------------
Balance Summary
Beginning Deposits and Checks and other Ending
balance other additions deductions balance
25,009.32 16,480.00 20,490.30 20,999.02
Average ledger Average collected
balance balance
26,811.04 25,738.98
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
Deposits and Other Additions Checks and Other Deductions
Description Items Amount Description Items Amount
<S> <C> <C> <C> <C> <C>
Deposits 3 16,480.00 ATM Withdrawals and Deductions 61 20,490.30
Total 3 16,480.00 Total 61 20,490.30
- --------------------------------------------------------------------------------------------------------------
</TABLE>
Daily Balance
Date Ledger balance Date Ledger balance Date Ledger balance
11/19 24,975.16 12/02 30,225.72 12/15 26,706.93
11/22 24,163.49 12/06 27,595.07 12/16 26,324.25
11/23 26,195.65 12/07 27,520.07 12/17 24,222.00
11/24 26,058.88 12/08 32,209.59 12/20 23,238.70
11/26 23,685.16 12/10 31,478.31 12/21 20,999.02
11/29 22,878.74 12/13 28,553.56
12/01 30,270.72 12/14 26,917.93
- --------------------------------------------------------------------------------
Activity Detail
- --------------------------------------------------------------------------------
Deposits and Other Additions
- --------------------------------------------------------------------------------
Deposits
Date Transaction Reference
posted Amount description number
11/23 3,118.00 Deposit H803537264
[ILLEGIBLE] 8,060.00 Deposit 003411409
12/08 5,302.00 Deposit 003529914
<PAGE>
================================================================================
Checking 25 PNCBANK
<TABLE>
<S> <C>
[GRAPHIC] For 24-hour customer service or For the period 11/19/1999 to 12/21/1999
current rates: Call 1-877-BUS-BNKG UNITEL MOBILE VIDEO
Primary account number: 10-0959-6087
</TABLE>
Checking 25 Account number: 10-0959-6087 - continued Page 2 of 3
- --------------------------------------------------------------------------------
Checks and Other Deductions
- --------------------------------------------------------------------------------
ATM Withdrawals and Deductions
<TABLE>
<CAPTION>
Date Amount Transaction Reference
posted description number
<S> <C> <C> <C>
11/19 23.86 Check Card Purchase Charlie Brown's Parkin Coraopolis PA 860014698418
11/19 10.30 Check Card Purchase Shell No.20445302357 Los Angeles Ca 860088188817
11/22 811.67 Check Card Purchase Radisson Hotels Empire New York NY 860083212497
11/23 901.68 Check Card Purchase Fujinon Inc Wayne NJ 860056404097
11/23 163.16 Check Card Purchase Ramada Inns-Denvr Dntw Denver Co 860055457773
11/23 17.00 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860055457773
11/23 4.00 Check Card Purchase Conoco #06468 Denver Co 860055457773
11/24 136.77 Check Card Purchase Marriott Hotels Laguar East Elmhur NY 860042827070
11/26 1,464.24 Check Card Purchase Sony Bus & Prof Group 408-9554961 Ca 860088188817
11/26 454.74 Check Card Purchase Renaissance Hotels New New Yorks NY 860042827070
11/26 454.74 Check Card Purchase Renaissance Hotels New New Yorks NY 860014849599
11/29 806.42 Check Card Purchase Radisson Hotels Empire New York NY 860083212497
12/01 580.00 Check Card Purchase Sony Bus & Prof Group San Jose Ca 860088188817
12/01 88.02 Check Card Purchase Sony Bus & Prof Group San Jose Ca 860088188817
12/02 45.00 Check Card Purchase Stargate Industries 412-3167827 PA 860055457773
12/06 1,519.23 Check Card Purchase Sony Bus & Prof Group 408-9554961 Ca 860088188817
12/06 818.01 Check Card Purchase Holiday Inns New York NY 860083212497
12/06 98.71 Check Card Purchase Mc Master Carr Supp 630-834-96 II 860088188817
12/06 52.94 Check Card Purchase Mc Master Carr Supp 630-834-96 II 860088188817
12/06 48.79 Check Card Purchase Mc Master Carr Supp 630-834-96 II 860088188817
12/06 39.37 Check Card Purchase Mc Master Carr Supp 630-834-96 II 860088188817
12/06 36.35 Check Card Purchase Mc Master Carr Supp 630-834-96 II 860083348176
12/06 17.25 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860083212497
12/07 75.00 Check Card Purchase USAir Washington 860088188817
12/08 380.07 Check Card Purchase Dc Drives 281-534-39 Tx 860088188817
12/08 139.18 Check Card Purchase Crane Ridge Ocho Rios Jm 860055457773
12/08 93.23 Check Card Purchase All Star Parking Los Angeles Ca 860057455916
12/10 494.00 Check Card Purchase Sony Bus & Prof Group San Jose Ca 860088188817
12/10 112.01 Check Card Purchase Mouser Electronics NJ 9733288360 NJ 860088188817
12/10 80.00 Check Card Purchase USAir Los Angeles Ca 860088188817
12/10 45.27 Check Card Purchase Ikegami Electronics, U Maywood NJ 860088188817
12/13 1,602.73 Check Card Purchase Photo Accessory Hauppauge NY 860088188817
12/13 962.30 Check Card Purchase Radisson Hotels Empire New York NY 860083212497
12/13 204.69 Check Card Purchase Sennheiser Elect. COR 860-4349190 Ct 860088188817
12/13 84.53 Check Card Purchase Sisters Floral Desi 412-928-98 PA 860088188817
12/13 53.25 Check Card Purchase Mgm Grand Hotel Las Vegas Nv 860055457773
12/13 17.25 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860083212497
12/14 818.01 Check Card Purchase Quality Hotel New York NY 860014698418
12/14 784.02 Check Card Purchase Quality Hotel New York NY 860036082013
12/14 17.25 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860036082013
12/14 16.35 Check Card Purchase Charlie Brown's Parkin Coraopolis PA 860014698418
12/15 136.00 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860055457773
12/15 75.00 Check Card Purchase USAir Washington 860055457773
12/16 352.68 Check Card Purchase Marriott Hotels Dc Met Washington Dc 860056404097
12/16 30.00 Check Card Purchase Marriott Hotels Dc Met Washington Dc 860055457773
12/17 555.22 Check Card Purchase Graybar Electric Co 4123235200 PA 860088188817
</TABLE>
<PAGE>
================================================================================
Checking 25 PNCBANK
<TABLE>
<S> <C>
[GRAPHIC] For 24-hour customer service or For the period 11/19/1999 to 12/21/1999
current rates: Call 1-877-BUS-BNKG UNITEL MOBILE VIDEO
Primary account number: 10-0959-6087
</TABLE>
Checking 25 Account number: 10-0959-6087 - continued Page 3 of 3
- --------------------------------------------------------------------------------
ATM Withdrawals and Deductions - continued
<TABLE>
<CAPTION>
Date Amount Transaction Reference
posted description number
<S> <C> <C> <C>
12/17 524.96 Check Card Purchase Radisson Hotels Empire New York NY 860036082013
12/17 524.96 Check Card Purchase Radisson Hotels Empire New York NY 860014698418
12/17 345.58 Check Card Purchase Circuit City Ms #3710 Pittsburgh PA 860088188817
12/17 58.38 Check Card Purchase Sony Bus & Prof Group 408-9554961 Ca 860088188817
12/17 51.01 Check Card Purchase Sony Bus & Prof Group 408-9554961 Ca 860088188817
12/17 19.74 Check Card Purchase Mouser Electronics Dsb C 8174738479 Tx 860088188817
12/17 11.50 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860036082013
12/17 10.90 Check Card Purchase Charlie Brown's Parkin Coraopolis PA 860014698418
12/20 960.30 Check Card Purchase Radisson Hotels Empire New York NY 860083212497
12/20 23.00 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860083212497
12/21 789.44 Check Card Purchase Radisson Hotels Empire New York NY 860036082013
12/21 788.44 Check Card Purchase Radisson Hotels Empire New York NY 860014698418
12/21 628.20 Check Card Purchase Location Sound Corpora 818-9809891 Ca 860088188817
12/21 17.25 Check Card Purchase Pgh Intl Airport Pittsburgh PA 860036082013
12/21 16.35 Check Card Purchase Charlie Brown's Parkin Coraopolis PA 860014698418
</TABLE>
- --------------------------------------------------------------------------------
Holiday shopping ... online
Holiday shopping is as easy as the click of a mouse. Do your shopping online ...
no checks to write, no crowds to fight at the mall, and no packages to mail. You
can make all of your purchases with your personal computer and still enjoy the
protection that Visa(R) provides when you use your PNC Bank Business Check Card.
<PAGE>
[LOGO] Bank of America
================================================================================
P.O. Box 3530 Your Bank of America
Rancho Cordova, CA 95741-3530 Business Checking
0217 Statement
E 9-1
Statement Period:
December 1 through December 31, 1999
[BARCODE]
UNITEL VIDEO, INC. Account Number: 02177-04548
1101 ISABEL ST
BURBANK CA 91506-1405 At Your Service
Call: 818-507-6700, 24 hours,
7 days a week
Written Inquiries
Bank of America
Burbank Main Office
PO Box 37176
San Francisco, CA 94137-0001
Customer since 1999
Bank of America appreciates your
business and we enjoy serving you.
================================================================================
|_| Summary of Your Business Checking Account
- ---------------------------------------------- --------------------------------
Beginning Balance on 12/01/99 $13,070.69 Number of checks paid 9
- ---------------------------------------------- --------------------------------
Total Checks, Withdrawals, Number of 24 Hour Customer
Transfers, Account Fees -9,203.85 Service Calls
- ---------------------------------------------- Self-Service 0
Ending Balance $3,866.84 Assisted 0
================================================================================
|_| Important Information About Your Account
- --------------------------------------------------------------------------------
Based on the average balance you've maintained in this account, your monthly
service charge has been waived.
================================================================================
|_| Bank of America News
- --------------------------------------------------------------------------------
YEAR 2000 UPDATE: You can expect the same level of service from Bank of America
now and into the next millennium. The systems and software that support this
account statement have already been made ready for year 2000. For more
information, visit us at www.bankofamerica.com/y2k or call toll-free,
1.888.960.1111, 7am - 10pm.
================================================================================
|_| Checks Paid * Gap in check sequence
- ------------------------------ ------------------------------------------
Date Paid Number Amount Date Paid Number Amount
12/02 1011 $ 770.21 12/31 1017 150.00
12/02 1012 310.90 12/31 *1019 225.00
12/02 *1014 2,000.00 12/30 1020 1,200.00
12/21 1015 2,000.00 12/28 1021 2,000.00
12/23 1016 547.74 Total of 9 Checks Paid $9,203.85
================================================================================
|_| Daily Balance
- --------------------------------------------------------------------------------
Date Amount Date Amount Date Amount
12/02 $ 9,989.58 12/23 7,441.84 12/30 4,241.84
12/21 7,989.58 12/28 5,441.84 12/31 3,866.84
0027000.001.423 California Page 1 of 1
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 1 OF 6
9415-859803
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
-----------------------
UNITEL VIDEO, INC CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
136 ENCLOSED ITEMS Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
<TABLE>
<CAPTION>
===============================================================================================================
BEGINNING DEPOSITS, OTHER CHECKS, WITHDRAWALS, INTEREST ACCOUNT ACTIVITY ENDING
CHECKING BALANCE CREDITS OTHER DEBITS PAID & OTHER FEES BALANCE
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
9415-859803 76587.54 2507651.20 2409495.16 .00 .00 174743.58
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
ACCOUNT NO. 9415-859803 COMMERCIAL CHECKING PERIOD 12/01/99 THROUGH 12/31/99
BUSINESS BANKING CENTER ACCESS CODE 7399
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
12-01 211,943.36 WIRE INCOMING FED
12/01/99 007232
9999991201007232
25978
MELLON BANK N.A.
12-02 211,943.36 REPETITIVE IBT VIA PC
12/02/99 002045
9999991202002045
1999120200226NTR
UNITEL VIDEO INC
12-02 30.41 PREAUTHORIZED DDA DEBIT
NDPS NDPSSTLMNT
199912 8788000152756
UNITEL NY
019993361373381 CCD
12-02 25.00 PREAUTHORIZED DDA DEBIT
NDPS NDPSSTLMNT
199912 8788000152772
UNITEL POST 38
019993361373529 CCD
12-02 25.00 PREAUTHORIZED DDA DEBIT
NDPS NDPSSTLMNT
199912 8788000152798
EDITEL-LA
019993361373382 CCD
- --------------------------------------------------------------------------------
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 2 OF 6
9415-859803
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
-----------------------
UNITEL VIDEO, INC CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
12-06 364,403.00 WIRE INCOMING FED
12/06/99 003178
9999991206003178
8097
MELLON BANK N.A.
12-13 4,852.50 PREAUTHORIZED DDA CREDIT
AMERICAN EXP SETTLEMENT
991213 6316930411
UNITEL VIDEO6316930411
019993473057864 CCD
12-14 214,752.00 WIRE INCOMING FED
12/14/99 003896
9999991214003896
10136
MELLON BANK N.A.
12-14 138,861.00 WIRE NON-REPETITIVE
12/14/99 002866
9999991214002866
UNITEL VIDEO INC
KAYE, SCHOLDER, FIERMAN, HAYS &
12-14 93,353.21 WIRE NON-REPETITIVE
12/14/99 002853
9999991214002853
UNITEL VIDEO INC
GETZLER & CO. INC
12-15 217,348.95 WIRE INCOMING FED
12/15/99 006636
9999991215006636
24400
MELLON BANK N.A.
- --------------------------------------------------------------------------------
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 3 OF 6
9415-859803
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
-----------------------
UNITEL VIDEO, INC CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
12-16 217,348.95 REPETITIVE IBT VIA PC
12/16/99 002209
9999991216002209
1999121600400NTR
UNITEL VIDEO INC
12-21 64,167.00 WIRE INCOMING FED
12/21/99 005878
9999991221005878
17850
MELLON BANK N.A.
12-23 1,070,923.79 WIRE INCOMING FED
12/23/99 005554
9999991223005554
0013700257ES
CHASE MANHATTAN BANK
12-27 49,088.00 WIRE INCOMING FED
12/27/99 005498
9999991227005498
18457
MELLON BANK N.A.
12-28 1,000,000.00 WIRE NON-REPETITIVE
12/28/99 005165
9999991228005165
UNITEL VIDEO INC
HELLER FINANCIAL INC.
12-29 205,772.60 WIRE INCOMING FED
12/29/99 004123
9999991229004123
9959
MELLON BANK N.A.
- --------------------------------------------------------------------------------
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 4 OF 6
9415-859803
74045.54
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
-----------------------
UNITEL VIDEO, INC CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
12-29 207,301.93 REPETITIVE IBT VIA PC
12/29/99 006839
9999991229006839
1999122901275NTR
UNITEL VIDEO INC
12-30 104,400.00 WIRE INCOMING FED
12/30/99 007501
9999991230007501
29210
MELLON BANK N.A.
12-28 107,442.60 WIRE NON-REPETITIVE
12/30/99 007136
9999991230007136
UNITEL VIDEO INC
KAYE SCHOLER FIERMAN HAYS AND
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- -------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12-13 7,202.96 12-02 8341* 8,277.62 12-09 8355 2,056.31
12-14 416.67 12-06 8342 1,082.48 12-06 8356 7,008.11
12-20 2,744.10 12-30 8343 10,072.79 12-08 8357 4.72
12-21 8191* 9.00 12-07 8344 2,375.88 12-07 8358 495.00
12-03 8279* 3,031.00 12-16 8345 939.91 12-06 8359 227.19
12-13 8313* 249.83 12-13 8346 256.88 12-07 8360 195.11
12-29 8317* 127.58 12-07 8347 303.10 12-09 8362* 59.90
12-01 8320* 300.00 12-07 8348 162.20 12-20 8363 487.50
12-01 8322* 337.50 12-08 8349 634.34 12-10 8364 750.00
12-01 8334* 2,435.63 12-08 8350 1,200.00 12-06 8365 3,838.82
12-02 8335 1,312.50 12-06 8351 553.05 12-08 8366 6,725.94
12-08 8336 9,740.88 12-06 8352 241.76 12-10 8367 34,449.00
12-01 8338* 110.00 12-13 8353 162.38 12-16 8368 11,849.50
12-03 8339 100.00 12-09 8354 26,250.00 12-21 8369 1,130.70
CONTINUED
- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 5 OF 6
9415-859803
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
-----------------------
UNITEL VIDEO, INC CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- -------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12-08 8370 136.00 12-17 8410 5,174.12 12-23 8451 375.00
12-09 8372* 197.49 12-17 8412* 825.00 12-27 8453* 992.97
12-09 8373 439.26 12-15 8413 247.50 12-27 8454 1,387.50
12-09 8374 10,113.30 12-16 8414 13.96 12-28 8455 1,082.66
12-09 8375 145.00 12-16 8415 6,109.17 12-20 8456 80.00
12-15 8378* 190.00 12-15 8416 1,115.00 12-24 8457 68.90
12-15 8379 208.76 12-14 8418* 477.90 12-23 8458 155.07
12-15 8380 332.87 12-14 8420* 416.67 12-22 8459 13.00
12-15 8381 289.84 12-14 8421 416.66 12-22 8460 55.80
12-15 8382 221.91 12-23 8426* 1,912.50 12-28 8462* 585.70
12-15 8383 219.10 12-24 8427 2,607.60 12-21 8463 1,910.70
12-17 8384 914.71 12-31 8428 1,064.90 12-28 8464 2,538.92
12-17 8385 1,828.13 12-20 8429 77.54 12-24 8466* 265.22
12-17 8386 144.25 12-22 8430 16,237.50 12-22 8467 590.50
12-31 8388* 601.30 12-23 8432* 16,350.95 12-23 8468 3,162.44
12-17 8389 10.61 12-17 8433 77.40 12-29 8469 1,025.00
12-17 8391* 2,930.41 12-28 8434 10,025.84 12-29 8471* 500.00
12-16 8392 1,030.27 12-22 8435 140.50 12-20 8472 7,230.02
12-16 8393 3,616.19 12-27 8436 53.25 12-28 8473 61.00
12-16 8394 1,227.30 12-22 8437 10,528.36 12-23 8474 1,125.00
12-16 8395 148.42 12-22 8438 64.91 12-31 8475 46.61
12-17 8396 284.00 12-21 8439 47.59 12-24 8476 9,662.96
12-17 8398* 64.94 12-20 8440 525.01 12-29 8477 1,200.00
12-15 8399 12,917.59 12-21 8441 299.00 12-23 8479* 97.16
12-15 8400 3,996.78 12-27 8442 345.00 12-28 8480 7,454.10
12-21 8401 8,558.76 12-21 8443 756.20 12-30 8481 1,800.00
12-21 8402 1,037.73 12-22 8444 187.98 12-30 8489* 3,139.25
12-22 8403 2,266.82 12-22 8445 2,400.00 12-30 8490 627.50
12-22 8405* 26,250.00 12-16 8448* 40,241.51 12-31 8516* 7,021.10
12-22 8406 2,966.05 12-23 8449 20,670.26 12-31 8517 2,774.44
12-22 8408* 569.36 12-27 8450 608.10 12-31 8521* 2,129.48
12-16 8409 223.46
* DENOTES SEQUENCE BREAK
- -------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 6 OF 6
9415-859803
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
-----------------------
UNITEL VIDEO, INC CY
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9415-859803 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
- --------------------------------------------------------------------------------
- DAILY BALANCE SUMMARY -
- --------------------------------------------------------------------------------
DATE BALANCE DATE BALANCE DATE BALANCE
12-01 285,347.77 12-13 312,601.49 12-23 1,200,097.18
12-02 63,733.88 12-14 293,411.38 12-24 1,197,492.50
12-03 60,602.88 12-15 491,020.98 12-27 1,233,193.68
12-06 412,054.47 12-16 208,272.34 12-28 211,445.46
12-07 408,523.18 12-17 196,018.77 12-29 207,063.55
12-08 390,081.30 12-20 184,874.60 12-30 188,381.41
12-09 350,820.04 12-21 235,292.55 12-31 174,743.58
12-10 315,621.04 12-22 173,021.77
- --------------------------------------------------------------------------------
<PAGE>
[LOGO] Mellon Bank
Business Checking
MELLON BANK NA
WESTERN REGION
CRAFTON-INGRAM SHOPPING CTR
800-527-1800
UNITEL MOBILE VIDEO A DIV OF 100
UNITEL VIDEO INC 95
4100 STEUBENVILLE PIKE
PITTSBURGH PA 15205-9643
PAGE: 1
ACCOUNT NUMBER: 038-5545
STATEMENT FROM: NOV 30, 1999
TO: DEC 31, 1999
0 BZ 131
================================================================================
Account Summary
================================================================================
ACTIVITY ITEMS DOLLAR SUBTOTALS DOLLAR TOTALS
OPENING BALANCE 68,828.03
DEPOSITS 0 .00
WIRE TRANSFER CREDITS 5 189,984.00
OTHER CREDITS 0 .00
TOTAL CREDITS 5 189,984.00
CHECKS PAID 131 150,465.02
OTHER DEBITS 5 60.00
TOTAL DEBITS 136 150,525.02
CLOSING BALANCE 108,287.01
================================================================================
Daily Transactions
<TABLE>
<CAPTION>
====================================================================================================
DATE TRANSACTION DESCRIPTION CHECKS/DEBITS DEPOSITS/CREDITS
<S> <C> <C> <C> <C>
11-30 CLOSING BALANCE PREVIOUS STATEMENT ............................................... 68,828.03
12-01 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 11,904.33
DAILY BALANCE........................ 56,923.70
12-02 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 11,720.52
DAILY BALANCE........................ 45,203.18
12-03 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 19,026.07
DAILY BALANCE........................ 26,177.11
12-06 WIRE TRANSFER CREDIT ............................................................. 45,748.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 3,535.00
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE........................ 68,378.11
12-07 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 1,327.42
DAILY BALANCE........................ 67,050.69
12-08 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 10,574.27
DAILY BALANCE........................ 56,476.42
</TABLE>
<PAGE>
[LOGO] Mellon Bank
UNITEL MOBILE VIDEO A DIV OF PAGE: 2
UNITEL VIDEO INC ACCOUNT NUMBER: 038-5545
STATEMENT TO: DEC 31, 1999
================================================================================
Daily Transactions
<TABLE>
<CAPTION>
====================================================================================================
DATE TRANSACTION DESCRIPTION CHECKS/DEBITS DEPOSITS/CREDITS
<S> <C> <C> <C> <C>
12-09 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 8,336.74
DAILY BALANCE ...................... 48,139.68
12-10 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 8,536.76
DAILY BALANCE ...................... 39,602.92
12-13 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 4,196.63
DAILY BALANCE ...................... 35,406.29
12-14 WIRE TRANSFER CREDIT ............................................................. 38,088.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 6,078.21
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 67,404.08
12-15 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 7,572.33
DAILY BALANCE ...................... 59,831.75
12-16 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 6,881.73
DAILY BALANCE ...................... 52,950.02
12-17 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 128.57
DAILY BALANCE ...................... 52,821.45
12-20 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 8,657.74
DAILY BALANCE ...................... 44,163.71
12-21 WIRE TRANSFER CREDIT ............................................................. 27,284.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 5,676.60
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 65,759.11
12-22 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 11,205.45
DAILY BALANCE ...................... 54,553.66
12-23 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 50.20
DAILY BALANCE ...................... 54,503.46
12-24 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 416.82
DAILY BALANCE ...................... 54,086.64
12-27 WIRE TRANSFER CREDIT ............................................................. 48,615.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 509.07
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 102,180.57
12-28 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 1,972.94
DAILY BALANCE ...................... 100,207.63
12-29 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 11,077.43
DAILY BALANCE ...................... 89,130.20
12-30 WIRE TRANSFER CREDIT ............................................................. 30,249.00
CHECK(S) PAID (SEE CHECK DETAIL SECTION) 9,948.71
WIRE XFER SERVICE 1 ITEM(S) 12.00
DAILY BALANCE ...................... 109,418.49
12-31 CHECK(S) PAID (SEE CHECK DETAIL SECTION) 1,131.48
CLOSING BALANCE ................... 108,287.01
</TABLE>
<PAGE>
[LOGO] Mellon Bank
UNITEL MOBILE VIDEO A DIV OF PAGE: 3
UNITEL VIDEO INC ACCOUNT NUMBER: 038-5545
STATEMENT TO: DEC 31, 1999
================================================================================
Check Detail
<TABLE>
<CAPTION>
==============================================================================================
CHECK NO. AMOUNT DATE REFERENCE NO. CHECK NO. AMOUNT DATE REFERENCE NO.
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
41272 640.72 12-16 700055631 41414 875.00 12-06 400860057
41291* 318.48 12-01 300894136 41415 186.05 12-09 200699241
41314* 43.28 12-01 300880156 41416 2,321.17 12-10 800157407
41319* 19.79 12-10 500433148 41417 3,398.20 12-10 800157782
41342* 118.90 12-01 500386314 41418 1,887.23 12-09 100726663
41350* 84.29 12-02 400861517 41419 90.00 12-07 800586105
41353* 649.49 12-02 800611887 41420 600.00 12-10 300019285
41354 8.61 12-01 500434283 41421 331.92 12-08 400282193
41360* 1,000.00 12-02 800607777 41422 167.36 12-13 400091411
41363* 560.00 12-02 800605217 41423 1,544.60 12-13 200297690
41365* 80.00 12-02 400852521 41424 509.45 12-08 100612499
41367* 2,950.00 12-08 100427583 41425 1,532.49 12-08 100567203
41368 38.94 12-15 400428813 41426 487.82 12-08 100460147
41369 14,000.00 12-03 200866784 41427 27.60 12-10 800099458
41373* 1,050.00 12-10 300019286 41428 254.00 12-15 500916983
41374 24.44 12-02 100745051 41429 55.25 12-27 200288852
41375 102.72 12-13 700039158 41430 5,030.00 12-20 10000578835
41376 317.17 12-07 600233414 41431 473.44 12-21 500453839
41377 245.82 12-03 200867315 41432 22.50 12-29 200676836
41378 2,206.58 12-01 800542854 41433 1,350.91 12-29 400148745
41379 834.92 12-13 100438922 41434 550.00 12-20 300671251
41380 337.50 12-08 400202132 41435 3,341.65 12-14 600451607
41382* 1,828.48 12-01 800542855 41436 654.28 12-13 500664212
41383 4,780.25 12-03 700779281 41437 654.28 12-15 100020039
41384 1,262.30 12-02 100552876 41438 8.95 12-20 200341968
41385 7,380.00 12-01 600172799 41439 22.74 12-27 200286116
41386 8,060.00 12-02 400872725 41440 663.14 12-20 300704260
41387 2,660.00 12-06 100261386 41441 135.00 12-29 400149709
41388 596.24 12-08 100567202 41442 67.68 12-13 700184922
41389 1,120.00 12-10 80500433862 41443 135.00 12-14 80100712391
41390 113.85 12-08 100612500 41444 796.38 12-16 200717419
41391 418.75 12-07 100899527 41445 205.44 12-22 200611827
41392 5,302.00 12-09 600643862 41446 47.50 12-20 300706266
41393 3,715.00 12-08 800646509 41447 49.04 12-20 700672113
41394 2,025.00 12-20 300706008 41448 529.17 12-16 200854753
41395 961.46 12-09 500243233 41449 2,232.27 12-15 700799389
41396 2,074.69 12-16 700160160 41451* 57.42 12-17 600720231
41397 2,451.65 12-14 700392022 41452 149.91 12-14 300246409
41398 102.84 12-15 400624814 41453 71.15 12-17 600699954
41399 148.30 12-20 200341967 41454 211.76 12-21 400343828
41400 2,840.77 12-16 200854754 41455 1,012.50 12-22 500672066
41401 4,290.00 12-15 8050061316 41456 6,061.20 12-22 500635024
41403* 127.41 12-24 100463059 41457 977.00 12-28 400939645
41404 176.10 12-22 80500671423 41458 13.64 12-22 500787605
41405 172.00 12-29 400149708 41459 351.00 12-31 600846740
41406 75.00 12-21 500447263 41460 47.60 12-24 100419499
41407 125.75 12-24 400636715 41461 121.39 12-22 200623806
41408 271.42 12-30 300590281 41463* 108.64 12-28 500327033
41409 386.06 12-30 80100546038 41464 90.00 12-27 400846328
41410 135.81 12-20 300693309 41465 18.80 12-24 300025522
41411 501.50 12-07 100146354 41466 97.26 12-24 400624980
41412 170.79 12-13 200326617 41467 112.75 12-30 300618421
41413 654.28 12-13 200278266 41468 2,035.48 12-21 700268949
</TABLE>
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 1 OF 4
9417-544821
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC CY -----------------------
PAYROLL
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
73 ENCLOSED ITEMS Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
<TABLE>
<CAPTION>
detach
===============================================================================================================
BEGINNING DEPOSITS, OTHER CHECKS, WITHDRAWALS, INTEREST ACCOUNT ACTIVITY ENDING
CHECKING BALANCE CREDITS OTHER DEBITS PAID & OTHER FEES BALANCE
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
9417-544821 27685.27 636594.24 625938.24 .00 .00 38341.27
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
ACCOUNT NO. 9417-544821 COMMERCIAL CHECKING PERIOD 12/01/99 THROUGH 12/31/99
BUSINESS BANKING CENTER ACCESS CODE 0571
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
12-02 211,943.36 WIRE INTERNAL BOOK TRANS CR
12/02/99 002045
9999991202002045
1999120200226NTR
UNITEL VIDEO INC
12-02 64,307.46 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991202 94K1H 120348A01
UNITEL VIDEO INC
019993361437883 CCD
12-02 703.31 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991202 94K1H 120348B02
UNITEL VIDEO INC
019993361437406 CCD
12-03 111,288.37 PREAUTHORIZED DDA DEBIT
AUTOMATIC DA PAYROLL
482041 K1HA01231713238
UNITEL VIDEO INC
019993350703824 PPD
12-16 217,348.95 WIRE INTERNAL BOOK TRANS CR
12/16/99 002209
9999991216002209
1999121600400NTR
UNITEL VIDEO INC
- --------------------------------------------------------------------------------
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 2 OF 4
9417-544821
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC CY -----------------------
PAYROLL
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9417-544821 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
12-16 67,505.79 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991216 94K1H 121750A01
UNITEL VIDEO INC
019993504068052 CCD
12-16 1,016.70 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991216 94K1H 121750B02
UNITEL VIDEO INC
019993504067548 CCD
12-17 103,574.36 PREAUTHORIZED DDA DEBIT
AUTOMATIC DA PAYROLL
502055 K1HA01231713238
UNITEL VIDEO INC
019993493709359 PPD
12-29 207,301.93 WIRE INTERNAL BOOK TRANS CR
12/29/99 006839
9999991229006839
1999122901275NTR
UNITEL VIDEO INC
12-29 62,441.84 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991229 94K1H 123052A01
UNITEL VIDEO INC
019993636591696 CCD
12-29 1,016.65 PREAUTHORIZED DDA DEBIT
ADP TX/FINCL ADP - TAX
991229 94K1H 123052B02
UNITEL VIDEO INC
019993636591150 CCD
- --------------------------------------------------------------------------------
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 3 OF 4
9417-544821
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC CY -----------------------
PAYROLL
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9417-544821 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
- --------------------------------------------------------------------------------
- DEBITS AND CREDITS -
- --------------------------------------------------------------------------------
DATE DEBITS (-) CREDITS (+) DESCRIPTION
12-30 108,295.31 PREAUTHORIZED DDA DEBIT
AUTOMATIC DA PAYROLL
521063 K1HA01231713238
UNITEL VIDEO INC
019993625880689 PPD
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- ------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12-13 1413 637.73 12-07 1551 843.06 12-29 1577 251.33
12-20 1446* 466.57 12-10 1553* 843.06 12-29 1578 767.32
12-20 1472* 1,355.70 12-14 1554 332.32 12-21 1581* 296.89
12-02 1511* 927.23 12-07 1555 1,005.98 12-22 1582 251.33
12-02 1513* 764.65 12-10 1556 201.85 12-24 1583 1,479.50
12-06 1515* 1,088.29 12-07 1557 703.98 12-22 1584 876.59
12-01 1518* 1,062.89 12-08 1558 231.22 12-23 1585 201.86
12-16 1519 285.03 12-08 1559 1,097.03 12-20 1586 1,181.35
12-07 1521* 1,018.44 12-09 1560 2,199.83 12-21 1588* 1,589.47
12-01 1530* 231.22 12-06 1561 1,624.20 12-27 1589 1,441.85
12-06 1537* 1,852.33 12-08 1562 524.59 12-28 1590 1,681.48
12-07 1538 556.27 12-06 1563 737.78 12-20 1593* 901.07
12-06 1539 691.98 12-20 1564 1,852.34 12-31 1594 1,862.48
12-06 1540 919.42 12-21 1565 556.27 12-31 1595 580.79
12-13 1541 1,075.69 12-21 1566 601.62 12-31 1624* 1,397.14
12-08 1542 219.66 12-21 1567 1,010.54 12-01 6149* 324.00
12-07 1543 855.43 12-22 1568 3,948.83 12-09 6154* 7.30
12-08 1544 641.93 12-21 1569 1,476.85 12-08 6155 81.00
12-06 1545 578.86 12-27 1570 219.67 12-06 6156 9,160.43
12-07 1546 1,168.25 12-21 1571 1,198.77 12-22 6157 8,910.50
12-14 1547 901.07 12-23 1572 1,030.33 12-24 6158 32.00
12-07 1548 434.41 12-24 1573 928.65 12-24 6160* 1,669.18
12-13 1549 680.93 12-23 1575* 1,259.43 12-23 6161 24,680.20
12-08 1550 272.48 12-23 1576 450.46 12-27 6162 857.30
</TABLE>
CONTINUED
- --------------------------------------------------------------------------------
<PAGE>
[LOGO] Fleet
STATEMENT OF ACCOUNTS PAGE 4 OF 4
9417-544821
STATEMENT DATE
12/31/99
Questions?
Call our Business
116 Banking Center at
1-800-PARTNER
(1-800-727-8637)
Cash Reserve Payment
UNITEL VIDEO, INC CY -----------------------
PAYROLL
555 WEST 57TH STREET -----------------------
SUITE 1240 Please remit to:
NEW YORK NY 10019 FLEET BANK
Cash Reserve
PO Box 150456
Hartford, CT. 06115-0456
detach
================================================================================
ACCOUNT NO. 9417-544821 CONTINUED PERIOD 12/01/99 THROUGH 12/31/99
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
- CHECKS POSTED - - CHECKS POSTED - - CHECKS POSTED -
- ------------------------------------------------------------------------------------------------------
DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT DATE CHECK NO. AMOUNT
<S> <C> <C> <C> <C> <C> <C> <C> <C>
12-22 6163 1,740.97
</TABLE>
* DENOTES SEQUENCE BREAK
- --------------------------------------------------------------------------------
- DAILY BALANCE SUMMARY -
- --------------------------------------------------------------------------------
DATE BALANCE DATE BALANCE DATE BALANCE
12-01 26,067.16 12-13 28,066.09 12-23 15,961.83
12-02 171,307.87 12-14 26,832.70 12-24 11,852.50
12-03 60,019.50 12-16 175,374.13 12-27 9,333.68
12-06 43,366.21 12-17 71,799.77 12-28 7,652.20
12-07 36,780.39 12-20 66,042.74 12-29 150,476.99
12-08 33,712.48 12-21 59,312.33 12-30 42,181.68
12-09 31,505.35 12-22 43,584.11 12-31 38,341.27
12-10 30,460.44
- --------------------------------------------------------------------------------
<PAGE>
2/22/00 12:15 PM Unitel Mobile Video Page 1
Mellon bank
a/c # 038 5545
MELLON OPERATING ACCOUNT
December 1999
Total Disbursements:
<TABLE>
<S> <C> <C> <C> <C>
41385 12/1/99 Unitel Mobile - Pgh Per Diem/Accountable $7,380.00
41386 12/1/99 Unitel Mobile - PNC Bank Debit Card Account Deposit $8,060.00
41387 12/1/99 Fontastics CIA Infinit Rental for JNP $2,660.00
41388 12/2/99 Ryder Fuel Charges $596.24
41389 12/2/99 Bexel Chyron Rental $1,120.00
41390 12/2/99 Rollins Service BT2 $113.85
41411 12/2/99 A Air Repair to Trucks $501.50
41412 12/2/99 AT&T Cell Phones $170.79
41413 12/2/99 Tom Clark Reimburse Warwick Hotel $654.28
41414 12/2/99 Don Cunningham Freelance Maint $875.00
41415 12/2/99 Express One Shipping $186.05
41416 12/2/99 Hertz Car Rentals $2,321.17
41417 12/2/99 MCI Phone $3,398.20
41418 12/2/99 MCI Phone $1,887.23
41419 12/2/99 Luis Mendoza Office Cleaning $90.00
41420 12/2/99 Bob Murrell Freelance Driver $600.00
41421 12/2/99 Pagenet Pagers $331.92
41422 12/2/99 Pro Wireless Equipment Parts $167.36
41423 12/2/99 Pacific Bell Burbank Phone $1,544.60
41424 12/2/99 Rollins Tractor Rental $509.45
41425 12/2/99 Ryder Fuel Charges $1,532.49
41426 12/2/99 Mike Tatomir Reimburse Warwick Hotel $487.82
41427 12/2/99 TW Smith Hydrogen $27.60
41391 12/3/99 SOS Global Express Shipping $418.75
12/6/99 Wire Transfer Fee $12.00
41392 12/8/99 Unitel Mobile-PNC Debit Card Account Deposit $5,302.00
41393 12/8/99 Unitel Mobile-Pgh Per Diem/Accountable $37,15.00
41394 12/8/99 Fontastics Transform II Rental $2,025.00
41395 12/8/99 Ted Bolish Freelance Driver $961.46
41396 12/9/99 Bob Murrell Freelance Driver $2,074.69
</TABLE>
<PAGE>
2/22/00 12:15 PM Unitel Mobile Video Page 2
Mellon bank
a/c # 038 5545
<TABLE>
<S> <C> <C> <C> <C>
41397 12/9/99 SOS Global Express Shipping $2,451.65
41398 12/9/99 Ryder TRS Van Rental $1,02.84
41399 12/9/99 Express One Shipping $148.30
41400 1219/99 Rollins Tractor Rentals $2,840.77
41428 12/9/99 Allied Office Products Office Supplies $254.00
41429 12/9/99 Arrowhead Mountain Spring Burbank Water $55.25
41430 12/9/99 Bexel Rental Equipment $5,030.00
41431 12/9/99 BFI Garbage Pick Up $473.44
41432 12/9/99 Keith Blachly Reimb Expenses $22.50
41433 12/9/99 Burbank PSD Utility Burbank $1,350.91
41434 12/9/99 Cody Cleaning Office Cleaning Burbank $550.00
41435 12/9/99 Duquesne Light Electric Pgh $3,341.65
41436 12/9/99 Chris Dahl Reimb Hotel Warwick $654.28
41437 12/9/99 Dick Darner Reimb Hotel Warwick $654.28
41438 12/9/99 Express One Shipping $8.95
41439 12/9/99 Federal Express Shipping $22.74
41440 12/9/99 IBEW Union Dues Dec $663.14
41441 12/9/99 Paul Kendall Reimb Expenses $135.00
41442 12/9/99 Shawnee Mayer Reimb Expenses $67.68
41443 12/9/99 Luis Mendoza Office Cleaning $135.00
41444 12/9/99 NMAC Hayes Auto $796.38
41445 12/9/99 OAG Flight Planner Guides $205.44
41446 12/9/99 Orkin Pest Control Burbank $47.50
41447 12/9/99 Pitney Bowes Postal Machine Supplies $49.04
41448 12/9/99 Rollins Tractor Rental $529.17
41449 12/9/99 Ryder Tractor Rentals $2,232.27
41450 12/9/99 Sager Equipment Parts $83.25
41451 12/9/99 Skytel Pagers $57.42
41452 12/9/99 Textron Floor Machine $149.91
41453 12/9/99 Vinten Supplies/Friess $71.15
12/14/99 Wire Transfer Fee $12.00
41401 12/15/99 Unitel Mobile-Pgh Per Diem/Accountable $4,290.00
41402 12/15/99 James Will Reimb Expenses $286.06
41402 12/15/99 James Will VOID CHECK ($286.06)
41403 12/15/99 Charlie Finney Reimb Expenses $127.41
</TABLE>
<PAGE>
2/22/00 12:15 PM Unitel Mobile Video Page 3
Mellon bank
a/c # 038 5545
<TABLE>
<S> <C> <C> <C> <C>
41404 12/15/99 John Gray Reimb Expenses $176.10
41405 12/15/99 Paul Kendall Reimb Expenses $172.0O
41406 12/15/99 MATS Ticket Overweight BT2 $75.00
41407 12/15/99 Kay Martz Reimb Expenses $125.75
41408 12/15/99 Kevin Nicholson Reimb Expenses $271.42
41409 12/15/99 James Will Reimb Expenses $386.06
41410 12/16/99 Sam's Club Supplies/Office P $135.81
41454 12/16/99 Allied Office Products Office Supplies $211.76
41455 12/16/99 Audio Specialists Rental Equipment $1,012.50
41456 12/16/99 Bell of Pa Pgh Phone $6061.20
41457 12/16/99 Blue Cross of CA Insurance Hayes/Healy $977.00
41458 12/16/99 Camera Service Center Rental Equipment $13.64
41459 12/16/99 Commonwealth of Pa Registration LTI GCVan $351.00
41460 12/16/99 Crystal Springs Water Water $47.60
41461 12/16/99 Federal Express Shipping $121.39
41462 12/16/99 Kevin Hayes Reimb Expenses $2,654.08
41463 12/16/99 Metrocall Pagers $108.64
41464 12/16/99 Luis Mendoza Office Cleaning $90.00
41465 12/16/99 NM Taxation & Revenue Highway Tax New Mexico $18 80
41466 12/16/99 Pitney Bowes Burbank Postage Meter $97.26
41467 12/16/99 Pa Turnpike Commission Tolls $112.75
41468 12/16/99 Rollins Tractor Leases/Fuel $2,035.48
41469 12/16/99 Rossi Delivery Service Shipping $541.00
41470 12/16/99 Ryder Tractor Leases/Fuel $2,753.40
41471 12/16/99 SOS Global Express Shipping $1,044.10
41472 12/16/99 Southern CA Gas Co Gas $50.20
41473 12/16/99 TW Smith Hydrogen $8.61
41474 12/16/99 UPS Shipping $127.52
41475 12/16/99 William Woody Reimb Warwick Hotel $654.28
41476 12/16/99 Maggie Milton Reimb Expenses $47.32
41477 12/20/99 AESCO COD Equipment Parts $293.53
41478 12/20/99 Team One Productions Overpayment Sales Inv 3161051 $5,564.00
41479 12/21/99 James Will Reimb Expenses $113.50
41480 12/21/99 SOS Global Express Shipping $85.00
41486 12/21/99 All Mobile Lens Rental $1,461.38
</TABLE>
<PAGE>
2/22/00 12:15 PM Unitel Mobile Video Page 4
Mellon bank
a/c # 038 5545
<TABLE>
<S> <C> <C> <C> <C>
41487 12/21/99 Andrews Electronics Equipment Parts $11.68
41488 12/21/99 AT&T Phones $372.85
41489 12/21/99 AT&T Phones $84.71
41490 12/21/99 Ted Bolish Freelance Driver $350.00
41491 12/21/99 City of Burbank City Tax on Employees $105.81
41491 12/30/99 City of Burbank VOID CHECK ($105.81)
41492 12/21/99 Express One Shipping $17.90
41493 12/21/99 Federal Express Shipping $126.20
41494 12/21/99 Paul Kendall Reimb Expenses $210.48
41495 12/21/99 Kay Martz Reimb Expenses $61.35
41496 12/21/99 MCI Conference Call $341.08
41497 12/21/99 Luis Mendoza Office Cleaning $135.00
41498 12/21/99 NYC Dept of Finance Ticket NY Post 38 Pickup $55.00
41499 12/21/99 Pitney Bowes Copier $649.49
41500 12/21/99 Pacific Bell Phones $25.87
41501 12/21/99 Rollins Tractor Leases/Fuel $7,477.79
41502 12/21/99 Ryder Fuel Charges $2,021.47
41503 12/21/99 Ron Stutzman Freelance Maint $3,285.00
41504 12/21/99 Zee Medical Supplies Burbank $108.59
12/21/99 Wire Transfer Fee $12.00
12/27/99 Wire Transfer Fee $12.00
41505 12/27/99 Bruce Plastics Pgh Jan00 Rent $8,860.00
41506 12/27/99 GAB, Inc Burbank Jan00 Rent $14,000.00
41481 12/27/99 Liman Video Rental Pre-payment for Lincoln Center Rental $275.00
12/30/99 Wire Transfer Fee $12.00
41228 12/30/99 Tracey Yokas VOID CHECK ($250.04)
41482 12/30/99 SOS Global Express Shipping $542.10
41483 12/30/99 Sony Electronics CIA Tape Stock $2,031.40
41484 12130/99 Unitel Mobile-Burbank Reimb Petty Cash $5,681.29
41507 12/30/99 Doug Barry Reimb Expenses $69.17
41508 12/30/99 Shawnee Mayer Reimb Phone Expenses $45.10
41509 12/30/99 Luis Mendoza Office Cleaning $90.00
41510 12/30/99 Maggie Milton Reimb Phone Expenses $285.50
41511 12/30/99 Michael Will Freelance Driver $370.43
41512 12/30/99 Allied Office Products Office Supplies $25.81
</TABLE>
<PAGE>
2/22/00 12:15 PM Unitel Mobile Video Page 5
Mellon bank
a/c # 038 5545
<TABLE>
<S> <C> <C> <C> <C>
41513 12/30/99 Audio Specialists Equipment Rental $450.00
41514 12/30/99 AT&T Phones $574.93
41515 12/30/99 AT&T Phones $99.53
41516 12/30/99 Bexel Equipment Rentals $3,137.50
41517 12/30/99 Burbank PSD Electric $3,221.68
41518 12/30/99 Chem Dry Truck Cleaning $125.00
41519 12/30/99 Cody Cleaning Burbank Office Cleaning $550.00
41520 12/30/99 Express One Shipping $98.45
41521 12/30/99 Federal Express Shipping $99.50
41522 12/30/99 Kentucky State Treasurer Permit $10.22
41523 12/30/99 Kentucky State Treasurer Reinstate Permit $50.00
41524 12/30/99 Frank Lewis Reimb Expenses $173.32
41525 12/30/99 MCI Pgh Phone $2,984.39
41525 12/30/99 MCI VOID CHECK ($2,984.39)
41526 12/30/99 MCI Pgh Phone $1,719.38
41527 12/30/99 Pa Dept of Revenue Truck Permit $20.00
41528 12/30/99 Pacific Bell Burbank Phone $546.81
41529 12/30/99 Ryder Tractor Leases/Fuel $1,576.07
41530 12/30/99 TTG Airline Tickets $10,000.00
41485 12/31/99 Leff Electronics COD Equipment Parts $283.68
41531 12/31/99 Liman Video Rental CIA Equipment Rental $125.00
41532 12/31/99 Rollins Tractor Leases/Fuel $3,640.42
41533 12/31/99 City of Burbank City Tax on Employees $154.25
41534 12/31/99 Allegheny Fire Equipment Refill/Inspect Fire Extinguisers $100.00
41535 12/30/99 MCI Pgh Phone $1,344.95
41536 12/31/99 SOS Global Express Shipping $1,390.00
41537 12/31/99 Richard Layton Freelance Driver $100.00
41541 12/31/99 Arrowhead Mountain Water $15.10
41542 12/31/99 Commission of Taxation New York Road Usage Taxes $64.60
41543 12/31/99 Duquesne Light Electric $9.69
41544 12/31/99 Express One Shipping $71.60
41545 12/31/99 Federal Express Shipping $7.12
41546 12/31/99 Hertz Auto Rentals $2,598.37
41547 12/31/99 Richard Layton Freelance Driver $233.10
41548 12/31/99 Luis Mendoza Office Cleaning $135.00
</TABLE>
<PAGE>
2/22/00 12:15 PM Unitel Mobile Video Page 6
Mellon bank
a/c # 038 5545
<TABLE>
<S> <C> <C> <C> <C>
41549 12/31/99 Pitney Bowes Maint Agreement $658.65
41550 12/31/99 Rollins Liftgate Rental $366.48
41551 12/31/99 Ryder Tractor Leases/Fuel $2,622.62
41562 12/31/99 Bexel Equipment Rentals $10,709.00
41563 12/31/99 Express One Shipping $17.90
41564 12/31/99 Federal Express Shipping $14.96
41565 12/31/99 Orkin Exterminator Bur $47.50
41566 12/31/99 Postal Privilege Postage Machine Supplies $43.00
41567 12/31/99 Praxair Equipment Rental $39.50
41568 12/31/99 Rollins Tractor Rental $598.22
41569 12/31/99 Rossi Delivery Service Shipping $65.00
41570 12/31/99 Ryder Tractor Rentals $1,356.59
41571 12/31/99 UPS Shipping $294.42
-----------
Subtotal Disbursements December 1999 $202,201.58
-----------
Less Transfers to petty cash ($13,362.00)
Total Disbursements December 1999 $188,839.58
</TABLE>
<PAGE>
02/22/00
12:17:50 PM
Unitel Video. Inc.
Fleet Operating Account
December 1999
<TABLE>
<CAPTION>
Total Studio Post Corp Payroll
<S> <C> <C> <C> <C> <C> <C>
Disbursements:
8342 12/02/99 APPROVED MOVING & 1,082.48 1,082.48
8343 12/02/99 Bankruptcy Service 10,072.79 10,072.79
8344 12/02/99 Bell Atlantic 2,375.88 2,375.88
6345 12/02/99 Kauff. McClain & M 939.91 939.91
8346 12/02/99 Poland Spring Wate 256.88 256.88
8347 12/02/99 AD. WINSTON 303.10 303.10
8348 12/02/99 A.J. lanni Ltd 162.20 162.20
8349 12102/99 A/a Protective Sys 634.34 634.34
8350 12/02/99 Air Sea Land Produ 1,200.00 1,200.00
8351 12/02/99 American Honda Fin 553.05 553.05
8352 12/02/99 Columbus Hardware 241.76 241.76
8353 12/02/99 CONV6RGENT COMMUNI 162.38 162.38
8354 12/02/99 EDWARD S GORDON A/ 26,250.00 26,250.00
8355 12/02/99 EDWARD S GORDON A/ 2,056.31 2,056.31
8356 12/02/99 L.R.E.D Corporati 7,008.11 7,008.11
8357 12/02/99 Leitch Video Inc. 4.72 4.72
8358 12/02/99 Laman Video Rental 495.00 495.00
8359 12/02/99 Quinn & Feiner Ser 227.19 227.19
8360 12/02/99 RAPID PARK INDUSTR 195.11 195.11
8362 12/02/99 Shield Locksmith, 59.90 59.90
8363 12/02/99 John Blake 487.5O 487.50
8364 12/02/99 Samuel Phillips 750.00 750.00
8365 12/02/99 Ouinn & Feiner Ser 3,838.82 3,838.82
8356 12/02/99 Al Credit Corp. 6,725.94 6,725.94
BANK CHARGES 227.91 227.91
8387 12/03/99 FM GLOBAL 34,449.00 34,449.00
8368 12/03/99 AFCO 11,849.50 11,849.50
8369 12/06199 JOEL GETZLER 1,130.70 1,130.70
8370 12/06/99 Reynolds, Donald 136.00 136.00
8372 12/06199 UNITED STATES TREA 197.49 197.49
8373 12/06/99 UNITED STATES TREA 439.26 439.26
8374 12/07/99 Standard Funding 10,113.30 10,113.30
8375 12/07/99 Shield Locksmith 145.00 145.00
8378 12/09/99 Central Parking Sy 190.00 190.00
8379 12/10/99 A.D. WINSTON 208.76 208.76
8380 12/10/99 A.D. WINSTON 332.87 332.87
8381 12/10/99 A.D. WINSTON 289.84 289.84
8382 12/10/99 A.D. WINSTON 221.91 221.91
8383 12/10/99 AD. WINSTON 219.10 219.10
8384 12/10/99 Afa Protective Sys 914.71 914.71
8385 12/10/99 Air Sea Land Produ 1,828.13 1,828.13
8386 12/10/99 American Industria 144.25 144.25
8388 12/10/99 Automatic Data Pro 601.30 601.30
8399 12/10/99 ADT Security Syste 10.61 10.61
8391 12/10/99 Bell Atlantic 2,930.41 2,930.41
6392 12/10/99 Bell Atlantic 1,030.27 1,030.27
8393 12/10/99 Bell Atlantic 3,616.19 3,616.19
8394 12/10/99 Bell Atlantic 1,227.30 1,227.30
8395 12/10/99 Bell Atlantic 148.42 148.42
6396 12/10/99 Bunn Coffee Servic 284.00 284.00
8397 12/10/99 Bums Int'l Securi 472.40 472.40
8398 12/10/99 Columbus Hardware 64.94 64.94
8399 12/10/99 Con Edison 12,917.59 12,917.59
8400 12/10/99 Con Edison 3,996.78 3,996.78
8401 12/10/99 Con Edison 8,558.76 8,558.76
8402 12/10/99 Con Edison 1,037.73 1,037.73
</TABLE>
<PAGE>
02/22/00
12:17:50 PM
Unitel Video. Inc.
Fleet Operating Account
December 1999
<TABLE>
<CAPTION>
Total Studio Post Corp Payroll
<S> <C> <C> <C> <C> <C> <C>
8403 12/10/99 Dover Elevator Corn 2,266.82 2,286.82
8404 12/10/99 Educational Broadc 35,833.33 35,833.33
8405 12/10/99 EDWARD S GORDON A/ 26,250.00 26,250.00
8406 12/10/99 EDWARD S GORDON A/ 2,966.05 2,966.05
8407 12/10/99 L.R.E.D. Corporati 7,202.96 7,202.96
8408 12/10/99 Mcmaster-Carr 569.36 569.36
8409 12/10/99 MARTY KAMMER 223.46 223.46
8410 12/10/99 MCI Worldcom 5,174.12 5,174.12
8411 12/10/99 NYC Water Board 2,744.10 2,744.10
8412 12/10/99 Production Arts Li 825.00 825.00
8413 12/10/99 Quinn & Feiner Ser 247.50 247.50
8414 12/10/99 T.W. Smith Corp 13.96 13.96
8415 12/10/99 SL Green Manangeme 6,109.17 6,109.17
8416 12/13/99 Liman Video Rental 1,115.00 1,115.00
8418 12/13/99 Petty Cash 477.90 477.90
WIRE 12/14/99 KAYE SCHOLER 138,861.00 138,861.00
WIRE 12/14/99 GETZLER 93,353.21 93,353.21
8419 12/14/99 Petty Cash 416.67 416.67
8420 12/14/99 Petty Cash 416.67 416.67
8421 12/14/99 Petty Cash 416.66 416.66
8426 12/14/99 Air Sea Land Produ 1,912.50 1,912.50
8427 12/14/99 AT&T 2607.60 2,607.60
8428 12/14/99 Automatic Data Pro 1,064.90 1,064.90
8429 12/14/99 ADRIENNE SHELVO 77.54 77.54
8430 12/14/99 ADT Security Syste 16,237.50 16,237.50
8431 12/14/99 Bunn Coffee Servic 476.00 476.00
8432 12/14/99 Bums Int'l Securi 16,350.95 16,350.95
8433 12/14/99 City Expeditor Inc 77.40 77.40
8434 12/14/99 Con Edison 10,025.84 10,025.84
8435 12/14/99 ED LEVINE 140.50 140.50
8436 12/14/99 Federal Express Co 53.25 53.25
8437 12/14/99 GDS Video Corp. 10,528.36 10,528.36
8438 12,14/99 Mcmaster-Carr 64.91 64.91
8439 12/14/99 MARTY KAMMER 47.59 47.59
8440 12/14/99 Scharff Weisburg. 525.01 525.01
8441 12/14/99 Shield Locksmith. 299.00 299.00
8442 12/14/99 Tasos Deli Restaur 345.00 345.00
8443 12/14/99 The Rich and Famou 756.20 756.20
8444 12/14/99 Ufi Dust Control 5 187.98 187.98
8445 12/14/99 Waterfront Communi 2,400.00 2,400.00
8446 12/14/99 Xytech Systems Cor 939.25 939.25
8448 12/14/99 Hilson Management 40,241.51 40,241.51
8449 12/14/99 TIME EQUITIES INC 20,670.26 20,670.26
8450 12/15/99 Airborne Express 608.10 608.10
8451 12/15/99 American Stock Tra 375.00 375.00
8452 12/15/99 AT&T 2,392.60 2,392.60
8453 12/15/99 Federal Express Co 992.97 992.97
8454 12/15/99 John Blake 1,387.50 1,387.50
8455 12/15199 MCI Worldcom 1,082.66 1,082.66
8456 12/15199 Reynolds, Donald 80.00 80.00
8457 12/15/99 Skytel 68.90 68.90
8458 12/15/99 Sotis Business Equ 155.07 155.07
8459 12/15/99 SUCCESS EXPRESS IN 13.00 13.00
8460 12/15/99 T.W. Smith Corp 55.80 55.80
8461 12/15/99 Time Warner 47.50 47.50
8462 12/15/99 Viking Office Prod 585.70 585.70
8463 12/15/99 A.D. WINSTON 1,910.07 1,910.07
8464 12/15/99 Con Edison 2,538.92 2,538.92
</TABLE>
<PAGE>
02/22/00
12:17:51 PM
Unitel Video. Inc.
Fleet Operating Account
December 1999
<TABLE>
<CAPTION>
Total Studio Post Corp Payroll
<S> <C> <C> <C> <C> <C> <C>
8465 12/15/99 Con Edison 3,352.37 3,352.37
8466 12/15/99 CONVERGENT COMMUNI 265.22 265.22
8467 12/15/99 Thompson Overhead 590.50 590.50
8468 12/15/99 Bell Atlantic 3162.44 3,162.44
8469 12/15/99 BOB WHITLEY 1,025.00 1,025.00
8471 12/15/99 Commercial Claims 500.00 500.00
8472 12/15/99 L.R.E D. Corporati 7230.02 7,230.02
8473 12/16/99 N.J. Division of M 61.00 61.00
8474 12/16/99 American Stock Tra 1,125.00 1,125.00
8475 12/20/99 NYS Sales Tax 46.61 46.01
8476 12/20/99 NYC Dept. of Finan 9,662.96 9,662.96
8477 12/20/99 John Blake 1,200.00 1,200.00
8479 12/21/99 BRIAN MITTMAN 97.16
8480 12/23/99 L R.E D. Corporati 7,454 10 7,454.10
8481 12/12/99 Air Sea Land Produ 1,800.00 1,800.00
8482 12/27/99 221 PRODUCTIONS. I 800.00 800.00
8433 12/27/99 RABBIT PRODUCTIONS 1,217 50 1,217.50
8484 12/27/99 MARTY KAMMER 160.00 160.00
8485 12/27/99 CONVERGENT COMMUNI 1077.09 1,077.09
8486 12/27/99 Bavaro Carting Car 1,594.51 1,594.51
8487 12/27/99 Tasos Deli Restaur 112.50 112.50
8489 12/27/99 A.D. WINSTON 3,139.25 3,139.25
8490 12/27/99 A.D. WINSTON 627.50 627.50
8491 12/28/99 Federal Express Co 10.12 10.12
8492 12/28/99 NEOPOST 155.68 155.68
8493 12/28/99 UNITED STATES POST 300.00 300.00
5494 12/28/99 Airline Stationery 25.94 25.94
8495 12/28/99 Ramchan Sukhoo 400.00 400.00
8496 12/29/99 A.I. Credit Corp. 6,725.94 6,725.94
8497 12/29/99 Airborne Express 223.00 223.00
8498 12/29/99 AT&T 1,318.77 1,318.77
8499 12/29/99 APPROVED MOVING & 270.62 270.62
8500 12/29/99 Bell Atlantic 840.09 840.09
8501 12/29/99 Merrill Corporatio 334.93 334.93
8502 12/29/99 MCI Worldcom 543.64 543.64
8503 12)29/99 Reynolds, Donald 34.00 34.00
8504 12/29/99 SLOAN STAFFING SER 231.00 231.00
8505 12/29/99 Viking Office Prod 157.08 157.08
8506 12/29/99 A.D. WINSTON 518.68 518.68
8507 12/29/99 Allstate Glass Car 1,450.33 1,450.33
8508 12/29/99 Automatic Data Pro 344.72 344.72
5509 12/29/99 ADT Security Syste 10.83 10.83
8510 12/29/99 Bankruptcy Service 1,379.42 1,379.42
8511 12/29/99 Bell Atlantic 431.05 431.05
8512 12/29199 Columbus Hardware 238.41 238.41
8513 12/29/99 DIE RITE EXTERMINA 855.18 855.18
8514 12/29/99 ED LEVINE 74.40 74.40
8515 12/29/99 GUTIERREZ GERMAN 25.00 25.00
8516 12/29/99 L.R.E.D. Corporati 7,021.10 7,021.10
8517 12/29/99 Montebello Coal & 2,774.44 2,774.44
8518 12/29/99 MCI Worldcom 2,625.74 2,625.74
8519 12/29/99 NYC Department Of 55.00 55.00
8520 12/29/99 Philips Digital Vi 303.93 303.93
8521 12/29/99 Quinn & Feiner Ser 2,129.48 2,129.48
8522 12/29/99 Solid State Logic 449.98 449.98
8523 12/29/99 GREAT BEAR SPRING 95.26 95.26
8524 12/29/99 city of los angeles 160.00 160.00
kaye scholer 107,442.60 107,442.60
</TABLE>
<PAGE>
02/22/00
12:17:51 PM
Unitel Video. Inc.
Fleet Operating Account
December 1999
<TABLE>
<CAPTION>
Total Studio Post Corp Payroll
<S> <C> <C> <C> <C> <C> <C>
8525 12/29/99 AFCO 11,849.50
8526 12/29/99 Standard Funding 10,113.30
Loan Repayment Heller Term A 1,000,000.00 1,000,000.00
TOTAL DISBURSEMENT 1,838,043.47 229,043.43 62,532.03 1,436,732.46 00.0
</TABLE>
