<PAGE>
<TABLE>
<CAPTION>


                       ADDVANTAGE TECHNOLOGIES GROUP, INC.
                           CONSOLIDATED BALANCE SHEET
                                 June 30, 2000

<S>                                                           <C>
Assets
Current assets:
 Cash                                                         $       53,817
 Accounts receivable                                               2,685,265
 Inventories                                                      15,094,443
 Prepaid expenses                                                      3,062
                                                                -------------
Total current assets                                              17,836,587

Property and equipment, at cost
 Machinery and equipment                                           1,098,582
 Leasehold improvements                                              167,629
 Other property and equipment                                         26,412
                                                                -------------
                                                                   1,292,623
Less accumulated depreciation                                       (665,320)
                                                                -------------
Net property and equipment                                           627,303

Other assets:
 Deferred income taxes                                             1,120,282
 Investment                                                          679,243
 Goodwill                                                          1,398,650
 Other assets                                                         18,540
                                                                -------------
                                                                   3,216,715

Total assets                                                  $   21,680,605
                                                                =============

</TABLE>


                   See notes to consolidated financial statements

                                     -3-

<PAGE>
<TABLE>
<CAPTION>


                       ADDVANTAGE TECHNOLOGIES GROUP, INC.
                           CONSOLIDATED BALANCE SHEET
                                 June 30, 2000

<S>                                                          <C>
Liabilities and Stockholders' Equity
Current liabilities:
 Accounts payable                                             $    1,584,662
 Accrued income taxes                                                227,216
 Bank Revolving Line of Credit                                     2,879,841
 Note Payable - Current portion                                      135,500
 Dividends payable                                                   310,000
 Stockholder loans                                                 1,550,000
                                                                -------------
Total current liabilities                                          6,687,219
Note Payable                                                          67,844
Stockholders' equity:
 Preferred stock, 1,000,000 shares authorized,
  $1.00 par value, at stated value
   Series A, 5% cumulative convertible, 200,000 shares issued and
    outstanding with a stated value of $40 per share               8,000,000
   Series B, 7% cumulative; 300,000 shares issued and outstanding
    with a stated value of $40 per share                          12,000,000
 Common stock, $.01 par value, 30,000,000
  shares authorized; 9,992,956 shares issued
  and outstanding                                                     99,930
Common stockholders' deficit                                      (5,120,224)
                                                                -------------
                                                                  14,979,706

 Less:  Treasury stock, at cost                                      (54,164)
                                                                -------------
Total stockholders' equity                                        14,925,542

Total liabilities and stockholders' equity                    $   21,680,605
                                                                =============

</TABLE>

                   See notes to consolidated financial statements

                                     -4-



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