EIB Test April 2008

951 231 8081 www.shotel.com 1359 Parkview Ave Manhattan Beach, CA 90266 USA Opening Inventory Linens Room Supplies Cleaning Supplies Uniforms Office supplies $ $ $ $ $ 100,000 200,000 150,000 200,000 50,000 Total Inventory $ 700,000 Advertising $ 5,000,000 Printing Entertainment $ $ 5,000,000 800,000 Total Adv and Promo expenses $ 10,800,000 Reserve for Contingencies $ 30,905,500 Working Capital $ Advertising and Promotional Expenses 1,000,000 Summary Statement Sources of Capital Owners' and Other Investments (51%) Bank Loans (38%) Other Loans (11%) Total Source of Funds $ 171,488,775 $ 127,775,950 $ 36,987,775 $ 336,252,500 Startup Expenses Bldgs/Real Estate $ 106,400,000 Capital Equipment $ 186,000,000 Location / Admin Expenses $ 875,000 Opening Investory $ 700,000 advertising / Promo Expenses $ 10,800,000 Contingency Fund $ 30,905,500 Working Capital $ 1,000,000 Total Startup Expenses $ 336,252,000 26

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