F2 Broadcast Network (fka FTWB)

[Archangel]

dd scrap - FBNI rev proj inc of 26%

Total projected revenue for all divisions for the period 1/1/01 -3/31/01 is expected to be approximately $894,000, up from $708,000 for the same period in the previous year. The Radio and Live Entertainment revenue and expenses are expected to be relatively flat, with revenue expected to approach $690,000 on expenses of $530,000. The Internet Broadcast division is expected to post estimated revenue of $195,000, up from $9,030 in the same period for the previous year. Expenses for this division are estimated to be $180,000, down from $503,000 for the same period in the previous year. The projected revenue and expenses is based on accrued advertising, sponsorship and video production that has been contracted, delivered, and/or collected.



b/r Arch