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					                                                                                                 Income Statement - Y
REVENUE                                         Jan          Feb          Mar          Apr
Sales
Number of Members                                   250          275          300          325
Corporate Partnerships                 $         5,625 $      6,875 $      7,500 $      8,125
Insurance Reimbursements               $         5,625 $      6,875 $      7,500 $      8,125
                   Total Sales Revenue $        11,250 $     13,750 $     15,000 $     16,250
Miscellaneous
Membership Dues - Discounts               $        313   $      344   $      375   $      406
Interest from Investments                 $          -   $        -   $        -   $        -
                               Total Misc $        313   $      344   $      375   $      406
                           Total Revenue $      11,563   $   14,094   $   15,375   $   16,656

OPERATING EXPENSES
General & Administrative
Facility Rent                               $   23,259   $   23,259   $   23,259   $   23,259
Accting/Audit                               $        -   $        -   $        -   $        -
Legal                                       $    1,100   $    1,100   $    1,100   $    1,100
Other Professional                          $    1,100   $    1,100   $    1,100   $    1,100
Office Supplies                             $      417   $      417   $      417   $      417
Membership Software                         $      100   $      100   $      100   $      100
Gym Equipment                               $   16,464   $   16,464   $   16,464   $   16,464
TV/Security/Access Control                  $      300   $      300   $      300   $      300
Self-Service Kiosks                         $      250   $      250   $      250   $      250
Telephone/Fax/Internet                      $      375   $      375   $      375   $      375
Postage                                     $      100   $      100   $      100   $      100
Travel/Entertainment                        $    1,200   $    1,200   $    1,200   $    1,200
Miscellaneous                               $      500   $      500   $      500   $      500
                    Total Gen & Admin       $   45,165   $   45,165   $   45,165   $   45,165

Salaries & Payroll
Executive Salaries                          $        -   $        -   $        -   $        -
EE Salaries                                 $   13,117   $   13,117   $   13,117   $   13,117
EE Benefits                                 $    1,574   $    1,574   $    1,574   $    1,574
Miscellaneous                               $    1,312   $    1,312   $    1,312   $    1,312
                 Total Salaries & Payroll   $   16,003   $   16,003   $   16,003   $   16,003

Marketing & Advertising
General Marketing                       $        6,250 $      6,250 $      6,250 $      6,250
Client Meetings                         $            - $          - $          - $          -
             Total Mark and Advertising $        6,250 $      6,250 $      6,250 $      6,250

Maintenance
Flooring Installation                     $          - $          - $          - $          -
Office Cleaning                           $      1,500 $      1,500 $      1,500 $      1,500
                        Total Maintenance $      1,500 $      1,500 $      1,500 $      1,500

Insurance
Liability Coverage                       $    1,542 $      1,542 $      1,542 $      1,542
                Total Insurance Expenses $    1,542 $      1,542 $      1,542 $      1,542

Other Expenses
Miscellaneous                          $           - $          - $          - $          -
                  Total Other Expenses $           - $          - $          - $          -

             Total Operating Expenses $       70,460 $     70,460 $     70,460 $     70,460
   Earnings Before Int and Taxes (EBIT) $    (58,898) $   (56,366) $   (55,085) $   (53,804)
                  Taxes Incurred (35%)
              Carry Forward Allocation
                           Net Income $      (58,898) $   (56,366) $   (55,085) $   (53,804)
    Income Statement - Year 1
      May           Jun             Jul          Aug          Sep          Oct          Nov

           350           400            450          500          600          750          850
$       8,750 $      10,000 $       11,250 $     12,500 $     15,000 $     18,750 $     21,250
$       8,750 $      10,000 $       11,250 $     12,500 $     15,000 $     18,750 $     21,250
$      17,500 $      20,000 $       22,500 $     25,000 $     30,000 $     37,500 $     42,500

$         438   $       500     $      563   $      625   $      750   $      938   $    1,063
$           -   $         -     $        -   $        -   $        -   $        -   $        -
$         438   $       500     $      563   $      625   $      750   $      938   $    1,063
$      17,938   $    20,500     $   23,063   $   25,625   $   30,750   $   38,438   $   43,563




$      23,259   $    23,259     $   23,259   $   23,259   $   23,259   $   23,259   $   23,259
$           -   $         -     $        -   $        -   $        -   $        -   $        -
$       1,100   $     1,100     $    1,100   $    1,100   $    1,100   $    1,100   $    1,100
$       1,100   $     1,100     $    1,100   $    1,100   $    1,100   $    1,100   $    1,100
$         417   $       417     $      417   $      417   $      417   $      417   $      417
$         100   $       100     $      100   $      100   $      100   $      100   $      100
$      16,464   $    16,464     $   16,464   $   16,464   $   16,464   $   16,464   $   16,464
$         300   $       300     $      300   $      300   $      300   $      300   $      300
$         250   $       250     $      250   $      250   $      250   $      250   $      250
$         375   $       375     $      375   $      375   $      375   $      375   $      375
$         100   $       100     $      100   $      100   $      100   $      100   $      100
$       1,200   $     1,200     $    1,200   $    1,200   $    1,200   $    1,200   $    1,200
$         500   $       500     $      500   $      500   $      500   $      500   $      500
$      45,165   $    45,165     $   45,165   $   45,165   $   45,165   $   45,165   $   45,165


$           -   $         -     $        -   $        -   $        -   $        -   $        -
$      13,117   $    13,117     $   13,117   $   13,117   $   13,117   $   13,117   $   13,117
$       1,574   $     1,574     $    1,574   $    1,574   $    1,574   $    1,574   $    1,574
$       1,312   $     1,312     $    1,312   $    1,312   $    1,312   $    1,312   $    1,312
$      16,003   $    16,003     $   16,003   $   16,003   $   16,003   $   16,003   $   16,003


$       6,250 $       6,250 $        6,250 $      6,250 $      6,250 $      6,250 $      6,250
$           - $           - $            - $          - $          - $          - $          -
$       6,250 $       6,250 $        6,250 $      6,250 $      6,250 $      6,250 $      6,250


$           - $           - $            - $          - $          - $          - $          -
$       1,500 $       1,500 $        1,500 $      1,500 $      1,500 $      1,500 $      1,500
$       1,500 $       1,500 $        1,500 $      1,500 $      1,500 $      1,500 $      1,500
$    1,542 $      1,542 $      1,542 $      1,542 $      1,542 $      1,542 $      1,542
$    1,542 $      1,542 $      1,542 $      1,542 $      1,542 $      1,542 $      1,542


$         - $          - $          - $          - $          - $          - $          -
$         - $          - $          - $          - $          - $          - $          -

$    70,460 $     70,460 $     70,460 $     70,460 $     70,460 $     70,460 $     70,460
$   (52,523) $   (49,960) $   (47,398) $   (44,835) $   (39,710) $   (32,023) $   (26,898)


$   (52,523) $   (49,960) $   (47,398) $   (44,835) $   (39,710) $   (32,023) $   (26,898)
    Dec          Total

      1000
$   25,000
$   25,000
$   50,000 $     301,250

$    1,250
$        -
$    1,250 $       7,563
$   51,250 $     308,813




$   23,259   $   279,108
$    7,500   $     7,500
$    1,100   $    13,200
$    1,100   $    13,200
$      417   $     5,004
$      100   $     1,200
$   16,464   $   197,568
$      300   $     3,600
$      250   $     3,000
$      375   $     4,500
$      100   $     1,200
$    1,200   $    14,400
$      500   $     6,000
$   52,665   $   549,480


$        -
$   13,117   $   157,404
$    1,574   $    18,888
$    1,312   $    15,744
$   16,003   $   192,036


$    6,250 $       75,000
$        - $            -
$    6,250 $       75,000


$        - $            -
$    1,500 $       18,000
$    1,500 $       18,000
$    1,542 $     18,504
$    1,542 $     18,504


$   10,000 $     10,000
$   10,000 $     10,000

$    87,960 $ 863,020
$   (36,710) $ (554,208)


$   (36,710) $ (554,208)
                                                Income Statement - Year 2
REVENUE                                          Qtr 1          Qtr 2           Qtr 3         Qtr 4
Sales
Number of Members                                    1250          1500            1750          2000
Corporate Partnerships                 $           93,750 $     112,500 $       131,250 $     150,000
Insurance Reimbursements               $           93,750 $     112,500 $       131,250 $     150,000
                   Total Sales Revenue $          187,500 $     225,000 $       262,500 $     300,000
Miscellaneous
Membership Dues - Discounts               $         4,688   $     5,625     $     6,563   $     7,500
Interest from Investments                 $             -   $         -     $         -   $         -
                               Total Misc $         4,688   $     5,625     $     6,563   $     7,500
                           Total Revenue $        192,188   $   230,625     $   269,063   $   307,500

OPERATING EXPENSES
General & Administrative
Facility Rent                               $      71,871   $    71,871     $    71,871   $    71,871
Accting/Audit                               $           -   $         -     $         -   $     7,500
Legal                                       $       4,500   $     4,500     $     4,500   $     4,500
Other Professional                          $       4,500   $     4,500     $     4,500   $     4,500
Office Supplies                             $       1,875   $     1,875     $     1,875   $     1,875
Copier Fees                                 $           -   $         -     $         -   $         -
Membership Software                         $         300   $       300     $       300   $       300
Gym Equipment                               $      55,320   $    55,320     $    55,320   $    55,320
TV/Security/Access Control                  $         900   $       900     $       900   $       900
Self-Service Kiosks                         $         750   $       750     $       750   $       750
Telephone/Fax/Internet                      $       1,131   $     1,131     $     1,131   $     1,131
Postage                                     $         375   $       375     $       375   $       375
Travel/Entertainment                        $       3,600   $     3,600     $     3,600   $     3,600
Miscellaneous                               $         750   $       750     $       750   $       750
                    Total Gen & Admin       $     145,872   $   145,872     $   145,872   $   153,372

Salaries & Payroll
Executive Salaries                          $           -   $         -     $         -   $         -
EE Salaries                                 $      52,352   $    52,352     $    52,352   $    52,352
EE Benefits                                 $       6,282   $     6,282     $     6,282   $     6,282
Miscellaneous                               $       5,235   $     5,235     $     5,235   $     5,235
                 Total Salaries & Payroll   $      63,869   $    63,869     $    63,869   $    63,869

Marketing & Advertising
General Marketing                       $          18,750 $      18,750 $        18,750 $      18,750
Client Meetings                         $               - $           - $             - $           -
             Total Mark and Advertising $          18,750 $      18,750 $        18,750 $      18,750

Maintenance
Flooring Installation                     $             - $           - $             - $           -
Office Cleaning                           $         4,635 $       4,635 $         4,635 $       4,635
                        Total Maintenance $         4,635 $       4,635 $         4,635 $       4,635

Insurance
Liability Coverage                       $     4,764 $      4,764 $     4,764 $      4,764
                Total Insurance Expenses $     4,764 $      4,764 $     4,764 $      4,764

Other Expenses
Miscellaneous                          $           - $          - $         - $     10,000
                  Total Other Expenses $           - $          - $         - $     10,000

             Total Operating Expenses $      237,890 $    237,890 $    237,890 $   255,390
   Earnings Before Int and Taxes (EBIT) $    (45,703) $    (7,265) $    31,173 $    52,110
                  Taxes Incurred (35%)
              Carry Forward Allocation
                           Net Income $      (45,703) $    (7,265) $   31,173 $     52,110
                                    Income Statement - Year 3
    Total          Qtr 1         Qtr 2         Qtr 3         Qtr 4         Total

                      2250          2500          2750          3000
               $   168,750 $     187,500 $     206,250 $     225,000
               $   168,750 $     187,500 $     206,250 $     225,000
$    975,000   $   337,500 $     375,000 $     412,500 $     450,000 $ 1,575,000

               $     8,438   $     9,375   $    10,313   $    11,250
               $         -   $         -   $         -   $         -
$     24,375   $     8,438   $     9,375   $    10,313   $    11,250 $    39,375
$    999,375   $   345,938   $   384,375   $   422,813   $   461,250 $ 1,614,375




$    287,484   $    74,028   $    74,028   $    74,028   $    74,028   $    296,112
$      7,500   $         -   $         -   $         -   $     7,500   $      7,500
$     18,000   $     4,500   $     4,500   $     4,500   $     4,500   $     18,000
$     18,000   $     4,500   $     4,500   $     4,500   $     4,500   $     18,000
$      7,500   $     2,500   $     2,500   $     2,500   $     2,500   $     10,000
$          -   $         -   $         -   $         -   $         -   $          -
$      1,200   $       300   $       300   $       300   $       300   $      1,200
$    221,280   $    61,959   $    61,959   $    61,959   $    61,959   $    247,836
$      3,600   $       900   $       900   $       900   $       900   $      3,600
$      3,000   $       750   $       750   $       750   $       750   $      3,000
$      4,524   $     1,182   $     1,182   $     1,182   $     1,182   $      4,728
$      1,500   $       450   $       450   $       450   $       450   $      1,800
$     14,400   $     1,800   $     1,800   $     1,800   $     1,800   $      7,200
$      3,000   $       750   $       750   $       750   $       750   $      3,000
$    590,988   $   153,619   $   153,619   $   153,619   $   161,119   $    621,976


               $    62,500   $    62,500   $    62,500   $    62,500   $    250,000
$    209,408   $    53,925   $    53,925   $    53,925   $    53,925   $    215,700
$     25,128   $     6,471   $     6,471   $     6,471   $     6,471   $     25,884
$     20,940   $     5,393   $     5,393   $     5,393   $     5,393   $     21,572
$    255,476   $   128,289   $   128,289   $   128,289   $   128,289   $    513,156


$     75,000   $    18,750 $      18,750 $      18,750 $      18,750 $       75,000
$          -   $         - $           - $           - $           -
$     75,000   $    18,750 $      18,750 $      18,750 $      18,750 $       75,000


$          -   $         - $           - $           - $            -
$     18,540   $     4,773 $       4,773 $       4,773 $        4,773 $      19,092
$     18,540   $     4,773 $       4,773 $       4,773 $        4,773 $      19,092
$     19,056    $      4,908 $    4,908 $     4,908 $    4,908 $    19,632
$     19,056    $      4,908 $    4,908 $     4,908 $    4,908 $    19,632


$     10,000    $          - $        - $        - $    10,000
$     10,000    $          - $        - $        - $    10,000 $    10,000

$     969,060   $     310,339 $ 310,339 $ 310,339 $ 327,839 $ 1,258,856
$      30,315   $      35,599 $    74,036 $ 112,474 $ 133,411 $    355,519
    10,610.25       12,459.48   25,912.60  39,365.73 46,693.85  124,431.65

$     19,705    $     23,139 $   48,123 $    73,108 $   86,717 $   231,087
    IS - Y4         IS - Y5
    Total           Total

       3250            3500
$   975,000     $ 1,050,000
$   975,000     $ 1,050,000
$ 1,950,000     $ 2,100,000

$    48,750     $    52,500
$         -     $    21,800
$    48,750     $    74,300
$ 1,998,750     $ 2,174,300




$    304,992    $    314,136
$      8,682    $      9,116
$     24,100    $     24,100
$     28,800    $     30,000
$     12,000    $     12,000
$      2,500    $      3,000
$      1,200    $      1,200
$    277,572    $    310,884
$      3,600    $      3,600
$      3,000    $      3,000
$      4,752    $      4,968
$      2,100    $      2,400
$      7,200    $      7,200
$      6,000    $      3,000
$    686,498    $    728,604


$    375,000    $    375,000
$    222,180    $    228,828
$     26,662    $     27,459
$     22,218    $     22,883
$    646,060    $    654,170


$      75,000   $      75,000
$           -   $           -
$      75,000   $      75,000


$           -   $           -
$      19,668   $      20,256
$      19,668   $      20,256
$    20,220    $    20,832
$    20,220    $    20,832


$    10,000    $    10,000
$    10,000    $    10,000

$ 1,457,446    $ 1,508,862
$    541,304   $    665,438
  189,456.40      38,930.50
                (554,208.00)
$   351,848    $    626,508

				
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