GLOSCORE PHILIPPINES, INC.

Summary of Accounts Receivables

as of July 31, 2007

PO PO SI CLIENT PROJECT CONTRACT PAYMENTPAYMENT RECEIVABLES

DATE # # AMOUNT MADE DATE

07.12.06 10091 Holy Angels University 499,020.00 ### 103,228.23

08.04.06
W4D-01422 2677 Titanium Corporation - Cracks
Pasay on Beams & Walls - My Place
15,000.00
Additional 2677 Titanium Corporation - Cracks
Pasay on Beams & Walls - My Place
10,000.00
25,000.00

10.04.06 092A2682 / 2687FR

/ Sevilla Ind'l & Dev'tInjected
corp. Polyurethane Pipe Insulation ### ### 01.17.07
### ### 12.15.06
### ### 10.14.06
additional 165,882.55 429,941.18

11.28.06 140667 Monolith Construction North Triangle Commercial 108,477.42 ### 02.03.07
& Dev't Corp. Center North E ### 04.17.07
### 12.19.06
774.71 EWT 10,847.74

11.28.06
KHK-00909 2703 Legend Hotel's International
Caimito Road cor. MacArthur 225,560.00 ### 05.18.07
Additional 2704 Kaloocan 38,282.40
42,310.26

12.06.06
CD-06-2006
2698/2699Fortune Tobacco Corp.Application of PU (3PCF) Foam ### ### 02.21.07
330,850.00

12.19.06 60285 Metro stonerich Corp. Prme Star-Malate (Flextorch Polyester

90,000.00 ### 01.31.07
Reinforce H20proofing ### 12.28.06
482.14 Wtax

30,000.00

11.22.06 3508 Republic Steel Tube Sprayed Polyurethane Foam at 479,964.76 ### 01.04.06
01.05.07 3509 Warehouse Las Pinas City 107,094.00 ###
01.08.07 3510 93,600.00 ###
68,065.88

01.26.07Conforme Bluetorch ConstructionH20proofing of Tank lining 96,835.00 ### 01.26.07

using GT260 22,360.00 ### 05.04.07
26,195.00
45,882.50

Constech Mgt. Corp. Inc.

Pearl of the Orient-Embassy 33,000.00 9,900.00 02.27.07
Pointe Project 23,100.00

03.30.07Contract Frondoso Residence Roofseal Foam - Dasmarinas Village

286,000.00 ### 04.11.07
Makati city ### 06.07.07
200,200.00

03.15.07 35211 2705 Int'l Elevator & Equipment

Polyurethane
Inc. Foam Inj. On existing 30,500.00 ### 04.27.07
copper tubes of Aircondition Unit
04.03.07
No PO/Ntp IT Lab of PLDT Ventus Bldg @ Libertad
12,750.00
04.03.07
No PO/Ntp IT Lab of PLDT Ventus Bldg @ Libertad
10,000.00
(offsetting_Aircon GSC) 23,294.64

05.10.07
Qoutation Mr. Emiliano Reyes 13,700.00 6,850.00 50%DP

6,850.00

05.30.07
HI-001613 Legend Hotels Int'l corp-
FB Harrison-Roofseal Foam 254,078.40
Baclaran 254,078.40

05.23.07
RQC-00974 Legend Hotels Int'l Corp-
Pasay - Roofseal Foam 590,944.40
Pasay 590,944.40

05.02.07 ### Robinsons Land Corp. H20proofing of Gutter & Flashing 53,840.00
Cainta
53,840.00

05.16.07 01885 M.R,Vargas Construction

Quezon City Hall - Legislative ### ### 05.16.07
Wing building ### 06.30.07
8,473.43 07.06.07
21,181.56

05.18.07Conforme FR Sevilla Ind'l & Dev'tApplication

corp. of Roofseal foam 515,400.00 ### 07.27.07
Additional @M-5,M-4 & SPF Level 100,422.56 419,393.99

05.31.07 ASEC-Ateneo Leong Hall 252,000.00 ### 07.31.07

3,041.10 EWT
 98,728.65

06.01.07
07-06-11890 Royal Tern Ceramics Phls,
Warehouse-Extension
Inc. Casting B/Old
448,600.00 ### 06.12.07
Firing Section 46,400.00 ### 07.28.07
160,420.00

06.04.07 NTP Robinsons Land Corp. Media Summit/KEF Airduct Rest 38,000.00
38,000.00

07.13.07
conforme IEEI Appication of PU Foam Injection 100,000.00

100,000.00

07.21.07153063 Monolith Construction Application of Roofseal PU Foam 51,174.60 ### 07.31.07

456.92 EWT
25,587.30

07.21.07A5703 Ateneo de Manila-Rizalwaterproofing

Library of conrete gutter 832,481.10

832,481.10

Mr. Jun Galloso Alex d III-Flextorch Mineral Green 25,000.00 ### 07.27.07 12,500.00

RECEIVABLES P 3,946,725.83

PLUS ON HOLD ARSANT (UP PROJECT) 153,000.00

Php/ 4,099,725.83
msj 070407
544.64
GLOSCORE PHILIPPINES, INC.
Summary of Accounts Receivables
as of June , 2007

PO PO SI CLIENT PROJECT CONTRACT PAYMENT PAYMENT RECEIVABLES

DATE # # AMOUNT MADE DATE

07.12.06 10091 Holy Angels University 499,020.00 395,791.77 103,228.23

08.04.06W4D-01422 2677 Titanium Corporation - Pasay

Cracks on Beams & Walls - My Place
15,000.00
Additional 2677 Titanium Corporation - Pasay
Cracks on Beams & Walls - My Place
10,000.00
25,000.00

09.13.064500028541 2685 Robinsons Land Corp. Media Summit/KEF Airduct Rest. 38,000.00 37,321.43 07.04.07
678.57 W/Tax
-

10.04.06 092A 2682 / 2687 / FR Sevilla Ind'l & Dev't corp.Injected Polyurethane Pipe Insulation
1,400,000.00 253,784.53 01.17.07
484,509.06 12.15.06
277,500.00 10.14.06
384,206.41

11.28.06 140667 Monolith Construction North Triangle Commercial 108,477.42 21,214.29 02.03.07
& Dev't Corp. Center North E 21,401.97 04.17.07
53,270.16
1,353.55 Wtax 11,237.45

11.28.06 KHK-00909 2703 Legend Hotel's InternationalCaimito Road cor. MacArthur 225,560.00 221,532.14 05.18.07
Additional 2704 Kaloocan 38,282.40
42,310.26

12.06.06
CD-06-2006 2698/2699 Fortune Tobacco Corp. Application of PU (3PCF) Foam 3,308,500.00 ### 02.21.07
330,850.00

Ateneo de Manila UniversityRockwell Bldg. - Plant boxes 686,773.02 343,386.51

down payment
127,620.43 1st billing
90,053.63 2nd billing
68,677.30 10% ret.
57,035.15

12.19.06 60285 Metro stonerich Corp. Prme Star-Malate (Flextorch Polyester

90,000.00 33,000.00 01.31.07
Reinforce H20proofing 26,517.86 12.28.06
482.14 Wtax

30,000.00

11.22.06 3508 Republic Steel Tube Sprayed Polyurethane Foam at 479,964.76 150,000.00 01.04.06
01.05.07 3509 Warehouse Las Pinas City 107,094.00 434,512.88
01.08.07 3510 93,600.00 28,080.00
68,065.88

01.26.07 Conforme Bluetorch Construction H20proofing of Tank lining 96,835.00 48,417.50 01.26.07
using GT260 22,360.00 51,090.00 05.04.07
26,195.00
45,882.50

Constech Mgt. Corp. Inc. Pearl of the Orient-Embassy 33,000.00 9,900.00 02.27.07
Pointe Project 23,100.00
23,100.00
03.30.07 Contract Frondoso Residence Roofseal Foam - Dasmarinas Village
286,000.00 28,600.00 04.11.07
Makati city 57,200.00 06.07.07
200,200.00

03.15.07 35211 2705 Int'l Elevator & Equipment Inc.

Polyurethane Foam Inj. On existing 30,500.00 29,955.36 04.27.07
copper tubes of Aircondition Unit
04.03.07 No PO/Ntp IT Lab of PLDT Ventus Bldg @ Libertad
12,750.00
04.03.07 No PO/Ntp IT Lab of PLDT Ventus Bldg @ Libertad
10,000.00
23,294.64

05.10.07
Qoutation Coscoluela & Associates Application of R-23 Flex on 20,000.00 10,000.00
Various Areas
10,000.00

05.30.07 HI-001613 Legend Hotels Int'l corp- FB Harrison-Roofseal Foam 254,078.40

Baclaran 254,078.40

05.23.07 RQC-00974 Legend Hotels Int'l Corp- Pasay - Roofseal Foam 590,000.00
Pasay 590,000.00

05.25.07 KSL-00227 2608 Kalinisan Steam Laundry Non Shrink Grout 900.00
900.00

05.02.074500036440 Robinsons Land Corp. H20proofing of Gutter & Flashing 79,680.00

Cainta
79,680.00

05.16.07 01885 M.R,Vargas Construction Quezon City Hall - Legislative 1,411,513.60 880,994.15 05.16.07
Wing building 501,590.00 06.30.07
8,473.43 07.06.07
21,181.56
05.18.07 Conforme FR Sevilla Ind'l & Dev't corp.Application of Roofseal foam 515,400.00
Additional @M-5,M-4 & SPF Level 100,422.56 615,822.56

06.01.0707-06-11890 Royal Tern Ceramics Phls, Inc.

Warehouse-Extension Casting B/Old448,600.00 134,580.00 06.12.07
Firing Section
314,020.00

06.04.07 NTP Robinsons Land Corp. Media Summit/KEF Airduct Rest 38,000.00
38,000.00
###

RECEIVABLES ### ### P ###

PLUS ON HOLD ARSANT (UP PROJECT) 153,000.00

TOTAL RECEIVABLES TO DATE June 2007 Php/ ###

544.64
 GLOSCORE PHILIPPINES, INC.
SUMMARY OF THE OFFICIAL RECEIPTS
COLLECTED as of January -June 2007
MONTH OR CLIENT SI 2006 2007
# # Project Project

Janaury2309 Republic Steel tube Inc Sprayed PU Foam 150,000.00

2310 Legend Hotel Manila Legend Villas Tipanan 20,321.97
2311 Cancelled
2312 University of Sto Tomas 2675 19,500.00
2313 Fr Sevilla Ind'l PU Pipe Insulation 2687 253,784.53
2314 Daruma Corp. 2688 39,000.00
2315 Double Share Enterprises 24,000.00
2316 Robinsons Land Corp. Cainta-Gutters & Ductings 2673 196,967.88
2317 Robinsons Land Corp. Cainta-Gutter & Flashing 2672 378,596.77
2318 Robinsons Land Corp. Cainta-Gutter & Flashing 2674 586,560.11
2319 Bluetorch Construction Waterproofing @ OBMC 48,417.50
2320 Clean Living Non Shrink Grout 2679 6,739.29
P ### P ###
TOTAL ###
MONTH OR CLIENT PROJECT SI 2006 2007
# # Project Project

February
2321 Republic Steel Tube Sprayed PU Foam 28,080.00
2322 Republic Steel Tube Sprayed PU Foam 434,512.88
2323 OB Montessori Center Inc.
PU @ OBMC 90,000.00
2324 Metro Stonerich Corp. Prime Star Malate-Flextorch 33,000.00
2325 Double Share 2649 8,000.00
2326 Monolith Construction North Triangle 21,214.29
2327 Ateneo de Manila University 2645 190,000.00
2328 Fortune Tobacco Corp. 877,343.30
2329 Arch. Caisip Flexcoat R-23 8,000.00
2330 Arch. Caisip Flexcoat R-23 12,000.00
2331 OB Montessori Center Inc.
PU @ OBMC 174,000.00
2332 Legend Hotel Manila Lola Maria 25,052.86
P 703,780.03 P ###
TOTAL ###
MONTH OR CLIENT PROJECT SI 2006 2007
# # Project Project

March 2333 Legend Hotels Int'l corpVillavecencio Proj-Acropolis 22,700.00

2334 Robinsons Land Corp. Cinema & Toms World 2683 679,250.00
2335 Robinsons Land Corp. Cainta-Gutter & Flashing 2691 42,917.85
2336 Robinsons Land Corp. Cainta-Gutter & Flashing 2693 66,492.65
2337 Robinsons Land Corp. Cainta-Gutters & Ductings 2692 25,280.98
2338 Fortune tobacco corp. 2689 2,180.36
2339 Fortune tobacco corp. 3PCF @ Fortune Tob. Corp 2698 ###
2340 Robinsons Land Corp. Cinema & Toms World 2686 77,000.00
P 913,641.48 P ###

TOTAL ###

MONTH OR CLIENT PROJECT SI 2006 2007

 # # Project Project

April 2341 Redgold Realty Epoxy Crack Injection & Epoxy Coating 75,000.00
2342 used for May
2343 Monolith Cosntruction North Triangle Comm. Ctr North E 21,401.97
2344 FR Sevilla Ind'l 59,211.69
2345 Ateneo de Manila Unviersity
waterproofing of Udeck @ APS Rockwell
2639 78,500.00
2346 Arch Caisip 8,000.00
2347 used for May
2348 International Elevator PU Foam Inj. On copper tubes 29,955.36
2349 Redgold Realty Epoxy Crack Injection & Epoxy Coating 75,000.00

P 99,901.97 P ###
TOTAL ###
MONTH OR CLIENT PROJECT SI 2006 2007
# # Project Project

MAY 2342 Bluetorch Construction Waterproofing @ OBMC 51,090.00

2343 Kalinisan Steam Non Shrink Grout 2701 4,212.05
2350 M.R,Vargas ConstructionQuezon City Hall - Legislative Wing Bldg. 880,994.15
2351 Legend Hotel's International-Kalookan
Caimito Road cor. MacArthur 2703 221,532.14
2352 Clean Living Inc. Non Shrink Grout 2695 4,212.05
2353 OB Montessori Center Inc
Waterproofing @OBMC using PU 30,000.00
2354 Coscoluela & AssociatesApplication of R-23 Flex on Various Area 10,000.00
P 221,532.14 P ###

TOTAL ###

MONTH OR CLIENT PROJECT SI 2006 2007

# # Project Project

JUNE 2355 Frondoso Holdings Roofseal Foam - Dasmarinas Village 57,200.00

2356 Royal Terns Ceramics Warehouse-Ext Casting B/Old Firing Sec 134,580.00
2357 MR Vargas ConstructionQuezon City Hall 501,587.97

P - P ###

TOTAL ###

2006 ###
2007 ###
P ###

GLOSCORE PHILIPPINES, INC.

SUMMARY OF THE OFFICIAL RECEIPTS
COLLECTED as of July 2007
OR CLIENT SI 2006 2007
# #

2358 Robinsons Land Corp. Media Summit/KEF Airduct Rest. 2685 38,000.00
2359 Ateneo De manila University
Rockwell Bldg. Plantbox 125,712.45
2360 Coscoluela & AssociatesApplication of R-23 Flex 10,000.00
2361 MR Vargas Quezon City Legislative
Hall Wing Bldg-Roofseal Foam 8,473.43
2362 Kalinisan Steam Laundry 3,567.86
2363 Kalinisan Steam Laundry Non Shrink Grout 900.00
2364 FR Sevilla Ind'l & Dev't Corp.
Sprayed PU Foam @ Duct Chase Trinoma
2365 Royal Tern Ceramics
2366 South call Builders R-23 flex 1 set 9,000.00

P 163,712.45 P 31,941.29
TOTAL ###
GLOSCORE PHILIPPINES INC.
SUMMARY OF ACCOUNT RECEIVABLE
AS OF June 2007

PO PO SALES CONSTRUCTION CONTRACT PAYMENT REMARKS/

DATE NUMBER INVOICE PROJECT AMOUNT MADE DATE
Balance forwarded PROJECT 2006

03.28.06 6633 2649 Robinsons Land Corp. Lipa Batangas 2,375,000.00 ###
04.03.06 LVH-02535si#2627/2276/2310Legend Hotel Manila Legend Villas Tipanan 203,219.70
06.10.06 332538 2647 Walter mart - Abensons Inc Abensons Alabang 48,000.00
06.21.06 Conforme 2648 Thompsons Square Roofseal Foam - quezon City 89,967.60
Additional Thompsons Square Roofseal Foam - quezon City 9,504.00
07.12.06 10091 2652 / Holy Angel University Waterproofing at Holy Angels University 499,020.00 151,272.07 11.24.07
07.18.06 ### Robinsons Land Corp. Cainta-Precast Concrete Panels at Various Areas 900,000.00
08.04.06 W4D-01422 2677 Titanium Corporation - Pasay Cracks on Beams & Walls - My Place 15,000.00
Additional 2677 Titanium Corporation - Pasay Cracks on Beams & Walls - My Place 10,000.00
09.13.06 ### 2685 Robinsons Land Corp. Media Summit/KEF Airduct Rest. 38,000.00
09.27.06 00002 2674 / 2693 Robinsons Land Corp. Cainta-Gutter & Flashing at Various Areas 664,926.45 586,560.11 01.26.07
10.04.06 00010 2672 / 2691 Robinsons Land Corp. Cainta-Gutter & Flashing at Various Areas 429,178.52 378,596.77 01.26.07
10.04.06 092A 2682 / 2687 / FR Sevilla Ind'l & Dev't corp. Injected Polyurethane Pipe Insulation 1,400,000.00 253,784.53 2nd billing 01.17.06
10.10.06 ### 2673 / 2692 Robinsons Land Corp. Cainta-Gutters & Ductings 258,209.75 196,967.88 01.26.07
10.10.06 LVH-02820 2332 Legend Hotel Manila Lola Maria Roofing @ Madisons Pioneer 24,760.00
Additional 2676 Legend Hotel Manila Lola Maria Roofing @ Madisons Pioneer 3,640.00
total of Lola Maria 28,400.00 25,052.86 02.23.07
10.23.06 ### 2686/2683 Robinsons Land Corp. Cinema & Toms World 770,000.00 679,250.00 03.02.07
11.22.06 3508 Republic Steel Tube Sprayed Polyurethane Foam at Warehouse Las Pinas City 500,000.00 150,000.00 dp 30% 01.04.06
11.28.06 ACR-00073 2680 Legend Hotels Int'l corp-Manila Villavecencio Proj-Acropolis 22,750.00 22,750.00 03.01.07
11.28.06 KHK-00909 2703 Legend Hotel's International-Kalookan
Caimito Road cor. MacArthur 225,560.00 221,532.14 05.18.07
KHK-00909 2704 Legend Hotel's International-Kalookan
Caimito Road cor. MacArthur 38,282.40
11.28.06 140667 Monolith Construction & Dev't Corp.
North Triangle Commercial Center North E 108,477.42 21,214.29 02.03.07
12.05.06 CLI-00082 2679 Clean Living Inc. Non Shrink Grout 6,800.00 6,739.29 01.26.07
12.19.06 60285 Metro stonerich Corp. Prme Star-Malate (Flextorch Polyester Reinforced waterproofing90,000.00 33,000.00 01.31.07
12.29.06 CD-06-2368 2698 / 2699 / Fortune tobacco corp. 3PCF @ Fortune Tob. Corp. at Marikina City 3,308,500.00 877,343.30 02.16.07

2007
01.05.07 3509 Republic Steel Tube Sprayed Polyurethane Foam at Warehouse Las Pinas City 107,094.00
01.08.07 3510 Republic Steel Tube Sprayed Polyurethane Foam at Warehouse Las Pinas City 93,600.00
01.24.07 NTP OB Montessori Center Inc Waterproofing @OBMC Greenhills Band Rm. Roof using PU 300,000.00 90,000.00 DP 02.05.07
01.26.07 Conforme Bluetorch Construction Waterproofing of Tank lining using GT260 96,835.00 48,417.50 01.26.07
02.02.07 ### Robinsons Land Corp. Cainta - Gutter & Flashing 79,680.00
03.05.07 NTP Benson Yu waterproofing works at roofdeck area 135,000.00 67,500.00 03.07.07 / DP
06.04.07 NTP Robinsons Land Corp. Media Summit/KEF Airduct Rest 38,000.00
05.30.07 HI-001613 Legend Hotels Int'l corp-Baclaran
FB Harrison-Roofseal Foam 254,078.40
05.23.07 RQC-00974 Legend Hotels Int'l Corp.-Pasay Pasay - Roofseal Foam 590,000.00
02.16.07 CLI-00114 2695 Clean Living Inc. Non Shrink Grout 4,250.00 4,212.05 05.18.07
05.25.07 KSL-00227 2608 Kalinisan Steam Laundry Non Shrink Grout 900.00
06.01.0707-06-11890 Royal Tern Ceramics Phls, Inc. Warehouse-Extension Casting B/Old Firing Section 448,600.00 134,580.00 06.12.07
05.16.07 01885 M.R,Vargas Construction Quezon City Hall - Legislative Wing Bldg. 1,761,968.30 880,994.15 DP 05.16.07
04.11.07 conforme Red Gold Logistics Epoxy Crack Injection & Epoxy Floor Coating on Flooring 150,000.00 75,000.00 04.11.07
Constech Mgt. Corp. Inc. Pearl of the Orient-Embassy Pointe Proj 33,000.00 9,900.00
03.15.07 35211 2705 Int'l Elevator & Equipment Inc. Polyurethane Foam Inj. On existing copper tubes of aircondition30,500.00
unit 29,955.36 04.27.07
04.03.07 No PO/Ntp Int'l Elevator & Equipment Inc. IT Lab of PLDT Ventus Bldg @ Libertad 12,750.00
04.03.07 No PO/Ntp Int'l Elevator & Equipment Inc. IT Lab of PLDT Ventus Bldg @ Libertad 10,000.00
02.19.07 51902 2700 FR Sevilla Ind'l & Dev't corp. Greenbelt 5 PU Pipes 59,745.13 59,211.69 04.18.07
05.03.07 Conforme Metrotech Steel Industries Inc PU Foam on Steel Doors 84,000.00 80,000.00 06.13.07
Frondoso Residence Roofseal Foam - Dasmarinas Village Makati City 286,000.00 57,200.00

TOTAL RECEIVABLE

si#2645/2162/2289/2151/2179/2327
Salcedo 1,900,000.00 ###
si#3454/2159/2168/2182/2188
Rockwell Plant Boxes 686,773.02 603,218.71
2196
si#2657/2175/2195
Rockwell Plant Boxes/gravel bedding 62,000.00 52,833.69
si#2639/2282/2296
Rockwell upper deck 785,000.00 770,982.15
2152/2178

2639 Ateneo de Manila University waterproofing of Upperdeck @ APS Rockwell Center makati 78,500.00 04.19.07
2645 Ateneo de Manila University Repainting & Rehabilitation of Exterior Area in Salcedo 190,000.00 02.06.07
2670 Flexcoate 15,857.14 12.04.07
Repainting and waterproofing of HLIT 228,295.30 11.14.06
Waterproofing of plantboxes 88,043.41 11.13.06
2657 Gravel Bedding of Plantboxes 22,387.26 11.13.06
8,057.17 11.13.06
2660 waterproofing of Roofdeck 25,911.60 11.13.06
2654 Waterproofing of plantboxes 24,214.30 11.13.06
3454 Waterproofing of plantboxes 124,771.76 10.12.06
 RETENTION
REMARKS/ PAYMENT REMARKS/ RECEIVABLE
DATE DATE DATE

-
- PAID
20,321.97
Retention/01.05.07
182,897.73
48,000.00
89,967.60
9,504.00
347,747.93
900,000.00
15,000.00
10,000.00
38,000.00
66,492.65 03.02.07 11,873.69 11,873.70 Wt
42,917.85 03.02.07 7,663.90 7,663.90 WT
484,509.06 12.15.06 277,500.00 10.14.06 384,206.41
25,280.98 03.02.07 35,960.89 3,220.80 Janitorial fee ### WT
24,760.00
3,640.00
3,347.14
77,000.00 13,750.00
% 01.04.06 350,000.00
-
4,027.86
38,282.40
21,401.97 04.17.07 53,270.16 12,591.00 385.71 WT 968.55
60.71 WHT -
26,517.86 12.28.06 482.14 WT 30,000.00
###03.23.07 384,022.33
-
-
-
-
-
-
 107,094.00
93,600.00
174,000.00 02.28.07 30,000.00 05.28.07 6,000.00
51,090.00 05.04.07 (2,672.50)
79,680.00
67,500.00 04.03.07 -
38,000.00
254,078.40
590,000.00
37.95
900.00
314,020.00
880,974.15
75,000.00 04.27.07 -
23,100.00
544.64
12,750.00
10,000.00
533.44
4,000.00
28,600.00 04.11.07 200,200.00

4,000.00

33,928.57
83,554.31

9,166.31
14,017.85
-