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Titan Trading Analytics Inc. 201 Selby Street, Nanaimo, B.C., Canada V9R 2R2
August 26, 1999
RE: MANAGEMENT'S REPRESENTATION LETTER
TITAN TRADING ANALYTICS INC.
INTERIM UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS
FOR THE SIX MONTHS ENDED APRIL 30,1999
The unaudited management prepared financial statements of Titan Trading Analytics Inc., attached hereto,
covering the six month period ended April 30, 1999 reflect all adjustments which are necessary to a fair
statement of results for the interim period presented, on a basis consistent with prior periods reported.
Titan Trading Analytics Inc.
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TITAN TRADING ANALYTICS INC.
(Incorporated under the laws of British Columbia)
CONSOLIDATED INTERIM BALANCE SHEET
APRIL 30, 1999
ASSETS
LIABILITIES
Current Liabilities
Accounts payable and accrued
Liabilities $ 7,154 $ 5,869
SHAREHOLDERS' EQUITY
\s\ Michael Paauwe
_____________________________
per: Michael Paauwe, president
Current Assets 1999 1998
Cash and short-term investments $ 1,073,077 $ 1,440,592
Accounts receivable 11,683 0
Prepaid expenses 1,236 1,050
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1,085,996 1,441,642
Software and systems development
(net) 304,937 269,267
Capital assets (net) 56,998 41,227
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$ 1,447,931 $ 1,752,136
=========== ============
Share capital $ 2,802,962 $ 2,671,712
Approved by the Directors
PREPARED BY MANAGEMENT WITHOUT AUDIT
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TITAN TRADING ANALYTICS INC.
CONSOLIDATED INTERIM STATEMENT OF OPERATIONS AND DEFICIT
FOR THE PERIOD FROM N