# EXHIBIT 39



Fiscal Year Ending December 31. 291&

Company Name & Address: Financial Trust Company Inc. 6100 Red Hook Quaner B-3 St. USVI 00802

Telephone No.: . (340) 775.2525

Name I Signature of Preparer: Jeanne

Gross Sale (Ineligible Sales ) Eligible for Tax Benefits Gross Wages Paid In the V.I. (Include vacation & sick pay, bonuses, overtime, cte.) Avenge No. of Employees; Full Time & (Pan Time) 10 ( - ) Average No. of Residents; Full Time Sr( Pan Time) 10 ( - ) Average No. of Non-Residents; Full Time & Pan Time ( ) Other Employee Cost (Unemployment & Health Insurance. Pension, Allowances, etc.) ' 57,437 Employee Income Taxes Paid and Withheld S 188.537

64409495 S 569,421

Cross Receipts: Real Property Taxi Excise Taxes: Income Taxes: . Customs Duties: Amount Paid Dollar Value of Exemption Annum Paid Dollar Value of Exemplio Total Paid Dollar Value of Exemp Total Paid Dollar Value of Exemptlo Total Paid Dollar Value of Exemption Other: Hotel room taxes paid Other Taxer, Pecs Paid to V.I. Go

## TAXES AND DUTIES (Provide dollar value of exemption refund for each tax)

S \$ 2,576.380 RECEIVED 3,047 6,461.932 25.845.200 S \$ S 750

•••• "'OCT 15 211111 nIXECUITVE DIRECTORS OFFICE 57.1101AS

TOTAL TAXES PAID: TOTAL VALUE OF EXEMPTIONS AND/OR REFUNDS:

6.465.729 28.421.580

| Goods And Services | Eligible Suppliers | V.I. Suppliers | Non-Local | Total |
| ------------------------------------------------------------- | -------------------- | ---------------- | --------------- | ---------------- |
| Raw Materials,
Components | - | - | - | - |
| Food, Beverages | - | - | - | - |
| Freight Charges | - | 796 | - | 796 ✓ |
| Insurance | - | - | 4,615 | 4,615 ✓ |
| Legal / Accounting | 73,726 | - | 1,161 | 74,887 |
| Advertising / Promotion | - | 1,108 | - | 1,108 ✓ |
| Utilities (Tel., Water,
Elect., etc.) | - | 25,883 | - | 25,883 ✓ |
| Interest and Other
Banking Charges | - | 66 | 141 | 207 ✓ |
| Supplies | 4,466 | 17,411 | 4,413 | 26,290 |
| Repairs / Maintenance | 1,100 | 9,846 | - | 10,946 |
| Other (List Separately) | 201,850 | 99281 | 4,2405 | 368,847 |
| Sub-total, Goods and
Services: | 281,142 | 154,391 | 52735 | 488,268 |
| **Capital Expenditures:** |  |  |  |  |
| Building & Improvement | - | - | - | - |
| Leasehold Improvements | 106,070 | 3,580 | - | 109,650 ✓ |
| Machinery / Equipment | 42,386 | 10,115 | 4,947 | 57,448 ✓ |
| Furniture / Fixtures | 2,083 | 9,335 | 9,273 | 20,691 ✓ |
| Vehicles | - | - | - | - |
| Other (List Separately) | - | - | - | - |
| Subtotal, Capital Expend. | 150,539 | 23,030 | 14,220 | 187,789 |
| **GRAND TOTALS** | **431,691** | **177,782** | **91,305** | **700,768** |
| **CUMULATIVE CAPITAL EXPENDITURE UNDER IDC CERTIFICATE** |  |  |  | **562,052** |



NU •

## EXPENDITURES FOR GOODS, SERVICES, PLANT & EQUIPMENT

Fiscal Year Ending December 31, 2000

*Other Expenditures*

| Goods And Services | Eligible Supplier | V.I. Suppliers | Non-Local | Total |
| ---------------------------- | ------------------- | ----------------------------- | ---------------------------- | ------------------------------------- |
| Dues | - | 500 | - | 500 |
| Postage and delivery | - | 3,772 | - | (Pfrs) 3,772 |
| Airfare | - | - | 18,070 | (Tkavel) 18,070 |
| Stockmarket services | - | - | 24,335 | 24,335 |
| Start up costs | - | <del>361</del> | <del>24,350</del> | <del>24,771</del> <i>INELIGIBLE</i> |
| Charitable contributions | 189,350 | - | - | 189,350 |
| Co-op marketing fee | 12,500 | - | - | 12,500 |
| Lodging and transportation | - | 21,393 | - | (Tkavel) 21,393 |
| Rent | - | 73,616 | - | 73,616 |
| Sub-total Other | 201,850 | <del>99,667</del><br>99251. | <del>66,755</del><br>42405 | <del>168,247</del><br>343,536. |