IV. Financial Showing

Applicants have submitted under seal as Exhibit A to this application, the latest available balance sheet and income statement of TCI. These financials are unaudited. Also, Applicants have submitted under seal as Exhibit B a savings account statement showing deposits in the amount of $25,000 and a copy of an on-line account summary from TCI's bank showing total checking and savings account deposits in the total amount of $57,471.53. Included in Exhibit B is a verification by Toepfer that the $25,000 cash deposit shown in the savings account is uncommitted and represents funds that are and will remain available to TCI to meet its working capital requirements while this application is pending and during the first year of operations following the change in control.

As is shown on TCI's balance sheet, TCI also has paid a $15,000 deposit for underlying wholesale carrier services. TCI will not be required to pay any further deposits to underlying carriers as the result of the change in control.