Mpel Holdings Corp Watch

from 10QSB 1 page <page> Mpel Holdings Corp. (Formerly Computer Transceiver Systems, Inc.) and Subsidiary Form 10 - Qsb (Exhibit 1) Capitalization

from 10QSB/A 1 page <page> Mpel Holdings Corp. (Formerly Computer Transceiver Systems, Inc.) and Subsidiary Form 10 - Qsb (Exhibit 1) Capitalization the Following Table Sets Forth the Debt and Capitalization of the Company as of December 31, 1997 Pro Forma Giving Effect to the Merger. This Table Should Be Read in Conjunction With the Consolidated Financial Statements, Including the Notes Thereto, Included in the Pre-Effective Amendment No.4 to Form Sb-2. <table> <caption> December 31, 1997 Actual Pro Forma <s> <c> <c> Debt: Warehouse Lines of Credit $ 10,532,994 $ 10,532,994 Subordinated Debt 878,000 878,000 Notes Payable 1,241,652 1,241,652 Obligation Under Capital Lease 193,184 193,184 Total Debt $ 12,845,830 $ 12,845,830 Stockholders' Equity: Common Stock, $.01 Par Value, 15,000,000 Shares Authorized, 8,056,000 Shares Outstanding Actual, 8,394,142 Shares Outstanding Pro Forma 8,056 8,394 Additional Paid-In Capital 664,227 666,941 Accumulated Deficit -76,702 -76,702 Total Stockholders' Equity 595,581 598,633 ================ ================ Total Capitalization $ 13,441,411 $ 13,444,463 ================ ================ </Table>

from 10QSB 1 page <page> Mpel Holdings Corp. (Formerly Computer Transceiver Systems, Inc.) and Subsidiary Form 10 - Qsb (Exhibit 1) Capitalization the Following Table Sets Forth the Debt and Capitalization of the Company as of December 31, 1997 Pro Forma Giving Effect to the Merger. This Table Should Be Read in Conjunction With the Consolidated Financial Statements, Including the Notes Thereto, Included in the Pre-Effective Amendment No.4 to Form Sb-2. <table> <caption> December 31, 1997 Actual Pro Forma <s> <c> <c> Debt: Warehouse Lines of Credit $ 10,532,994 $ 10,532,994 Subordinated Debt 878,000 878,000 Notes Payable 903,875 903,875 Obligation Under Capital Lease 193,184 193,184 Total Debt $ 12,508,053 $ 12,508,053 Stockholders' Equity: Common Stock, $.01 Par Value, 15,000,000 Shares Authorized, 8,056,000 Shares Outstanding Actual, 8,394,142 Shares Outstanding Pro Forma 8,056 8,394 Additional Paid-In Capital 1,002,004 1,004,718 Accumulated Deficit -76,702 -76,702 Total Stockholders' Equity 933,358 936,410 ================ ================ Total Capitalization $ 13,441,411 $ 13,444,463 ================ ================ </Table>

from SB-2 ~20 pages Form of Representatives Warrant Agreement

from SB-2 ~50 pages Form of Underwriting Agreement