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Re: westeffer post# 3829

Thursday, 10/26/2006 8:29:19 PM

Thursday, October 26, 2006 8:29:19 PM

Post# of 63795
WWEN's Financial Statement in the Form-10


As of June 30, 2006.....As of December 31, 2005.....As of December 31, 2004
(Unaudited)

Balance Sheet:

Current assets.....$ 246,414.....$ 27,237.....$ 0
Total assets.......$ 1,975,202.....$ 1,755,611.....$ 1,728,376
Current liabilities.....$ 782,955.....$ 1,302,412.....$ 21,536

Working capital
Stockholders' equity.....$ 1,192,247.....$ 453,199.....$ 0

Loss per Share.....*.....*.....*

Statement of Operations:
Revenue..........$ 0.....$ 0.....$ 0
Total expenses $ 249,990.....$ 74,776.....$ 18,354
Net loss/profit.....$ (287,661 ).....$ (147,057 ).....$ (21,536 )

* Less than $0.01 per share




Liquidity and Capital Resources

As of June 30, 2006, we had total current assets of $246,414 and total current liabilities of $782,955, resulting in a working capital deficit of $(536,541).
As of June 30, 2006, we had cash and cash equivalents of $150,909.
As of June 30, 2006, net cash used for operating activities was ($105,076).
As of June 30, 2006, we recorded a net loss of $(256,032).
As of June 30, 2006, cash used in operating activities was $(105,076).
As of June 30, 2006, net cash used in investing activities was $(412).
As of June 30, 2006, net cash provided by financing activities was $256,397.