Trailing 12 Mo.	Trailing 12 Mo.	Trailing 12 Mo.	Trailing 12 Mo.	Trailing 12 Mo.	$	Euro	Trailing 12 Months Dec 99	Trailing 12 Months Oct 99	Trailing 12 Months Sep 99	Trailing 12 Months Dec 98	Trailing 12 Months Sep 98
						Nov-01	Nov-01	Dec-99	Oct-99	Sep-99
Dollars per Euro Exchange							0.9000
A/R							436,913.00	Feb-00				$12,069,720	$ 2,370,000	$378,734	$685,081	$2,582,503		$2,903,280	$1,518,687	$227,278	$1,166,706	$428,000	$1,594,706	$637,882	$956,824	9.09	$8,697,742	$4,091,736	$227,278	$113,419	$4,719,866	$2,903,280	$3,811,573	122940	$31.00	$31.00
A/P External							1,686.11	Jun-00		$2,938,990	$633,159	$660,383		$2,529,126				$3,694,878	$1,235,584	$102,989	$1,628,153	$418,410	$2,046,563	$818,625	$1,227,938	9.27	#######	$4,091,736	$102,989	$256,859	$7,137,377	$3,694,878	$5,416,128	122940	$44.06	$44.06
Current Debt + CAE A/P							391,447.56	Oct-00		$3,214,918	$525,610	$1,171,568	$2,888,622	$2,519,975	$208,318	$375,000	$172,918	$4,010,034	$649,879	$196,940	$1,886,192	$416,756	$2,302,948	$921,179	$1,381,769	9.28	#######	$1,171,568	$196,940	$407,886	#######	$4,010,034	$7,725,167	122940	$62.84	54.35
Long Term Debt							62,018.67	Feb-01		$2,875,887	$330,144	$893,287	$2,748,717	$2,767,603		$606,185	$252,176	$4,057,168	$1,898,181	$224,332	$2,003,081	$399,387	$3,008,653	$1,203,461	$1,805,192	5.811026	#######	$3,642,005	$224,332	$129,512	$6,942,832	$4,057,168	$5,500,000	123040	$44.70	$44.70			$5,500,000	6,942,832		5.811026
Current Liabilities (total)							417,250.33	Jun-01											$0				$0	$0	$0	0	$0	$0	$0	$0	$0	$0	$0	123040	$0.00	54.33
Dividend Paid for Estimated Taxes							0.00
Dividend Payable							0.00
Intercompany A/P							329,428.89
Value Book							365,014.00
A/L=Curr Liab-A/P-C/D							24,116.67
Cash							131,044.00
EARNINGS (last 12 months)							606,268.89
plus INTEREST paid last 12 months							6,300.00
EBIT							612,568.89
less Taxes @ 40%1,2							245,027.56
Debt-Free Net Income2							367,541.33
times FACTOR2							7.86
Aggregate Value2							2,888,665.68
Less DEBT							453,466.22
Plus CASH							131,044.00
Less Deferred Taxes@20%							82,222.04
Value EBIT							2,484,021.41
Value BOOK							365,014.00
Value of Equity AVERAGE							1,424,517.71
Number of Shares Issued						24389	24,389.00
My calculated Share Price						$64.90	58.41
Acct calculated share price
EFCG Value
Value EBIT must equal
Factor
Guarantee Loans from CleanAir.com
Cap of CAE/Cap of CAEE