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Exhibit 99.1
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BALANCE SHEET - CONSOLIDATED
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Debtor: DeVlieg Bullard, Inc. Case No: 99-52111
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Month Ending: 31-Jan-00
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ASSETS: CURRENT MONTH PRIOR MONTH AT FILING
<S> <C> <C> <C>
Cash $ 1,264,877 $ 663,471 $ 330,000
Inventory $ 30,031,553 $ 29,952,527 $ 36,580,500
Accounts Receivable $ 13,744,854 $ 13,623,993 $ 17,312,919
Insider Receivables $ -- $ -- $ 7,000
Land and Buildings $ 3,071,593 $ 3,071,593 $ 3,061,000
Furniture, Fixtures, & Equip $ 13,024,109 $ 13,026,170 $ 20,946,000
Accumulated Depreciation $(11,524,019) $(11,466,714) $ (16,811,000)
Other: Prepaid $ 1,853,691 $ 1,747,391 $ 1,964,000
Other: Intangibles $ 43,069,004 $ 43,238,269 $ 44,431,500
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TOTAL ASSETS: $ 94,535,662 $ 93,856,700 $ 107,821,919
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LIABILITIES:
POSTPETITION LIABILITIES
Accounts Payable $ 1,373,897 $ 1,255,278 $ --
Wages and Salaries $ 432,259 $ 358,799 $ --
Taxes Payable $ -- $ -- $ --
Other Accrued $ 535,000 $ 480,000 $ --
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TOTAL POSTPETITION LIABILITIES $ 2,341,156 $ 2,094,077 $ --
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SECURED LIABILITIES:
Subject to Postpetition
Collateral or Financing Order $ 18,662,307 $ 18,584,960 $ 26,678,000
All Other Secured Liab. $ 1,047,000 $ 1,047,000 $ 1,047,000
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TOTAL SECURED LIABILITIES: $ 19,709,307 $ 19,631,960 $ 27,725,000
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PREPETITION LIABILITIES
Taxes and Other Priority Liab. $ 1,352,471 $ 1,352,431 $ 1,352,431
Unsecured Liabilities $ 69,746,956 $ 69,746,956 $ 76,518,773
Other: Insider Payable $ 3,316,715 $ 3,316,715 $ 3,316,715
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TOTAL PREPETITION LIAB. $ 74,416,142 $ 74,416,102 $ 81,187,919
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EQUITY:
Owners Capital $ 17,442,413 $ 16,854,922 $ 16,765,000
Retained Earnings-Pre Pet. $(17,856,000) $(17,856,000) $ (17,856,000)
Retained Earnings-Post Pet. $ (1,517,356) $ (1,284,361) $ --
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TOTAL EQUITY: $ (1,930,943) $ (2,285,439) $ (1,091,000)
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TOTAL LIABILITIES
AND EQUITY:
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$ 94,535,662 $ 93,856,700 $ 107,821,919
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Date:
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