Cygnus eTransaction Group Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2006	FY 2005	FY 2004
Period Ending	Sep '07 Sep 30, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004
Net Income	0.87	0.07	-0.53	-1.02
Depreciation & Amortization	0.76	0.7	0.61	0.54
Stock-Based Compensation	-	-	0.24	-
Other Operating Activities	-	0	-	0
Change in Accounts Receivable	-0.01	-0.15	0.75	0.37
Change in Accounts Payable	0.1	0.09	-2.94	-1.4
Change in Unearned Revenue	-0.13	0.33	1.25	0.02
Change in Other Net Operating Assets	-0.53	-0.66	-0.79	-0.62
Operating Cash Flow	1.06	0.38	-1.41	-2.11
Capital Expenditures	-0.08	-0.05	-0.15	-0.22
Investing Cash Flow	-0.11	-0.05	-0.15	-0.22
Long-Term Debt Issued	-	-	0.45	0.12
Long-Term Debt Repaid	-	-0.17	-	-
Net Debt Issued (Repaid)	-0.87	-0.17	0.45	0.12
Issuance of Common Stock	-	0.13	0.97	1.04
Financing Cash Flow	-0.87	-0.04	1.43	1.16
Miscellaneous Cash Flow Adjustments	0	-	0	-
Net Cash Flow	0.09	0.29	-0.13	-1.17
Free Cash Flow	0.98	0.33	-1.56	-2.33
Free Cash Flow Margin	25.80%	8.99%	-36.45%	-52.21%
Free Cash Flow Per Share	-	0.01	-0.04	-0.10
Levered Free Cash Flow	-0.5	0.79	-1.25	-
Unlevered Free Cash Flow	-0.47	0.83	-1.18	-
Change in Net Working Capital	1.23	-0.09	1.62	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.