EX-99 4 proformas.txt EXHIBIT 99.2 - PRO FORMAS Exhibit 99.2 PRO FORMA COMBINED CONDENSED FINANCIAL INFORMATION The unaudited Pro Forma Combined Condensed Balance Sheet at March 31, 2002 is based on combining the historical consolidated balance sheet for American Sports Development Group, Inc. (ASDG) with the historical balance sheet of American Inflatables, Inc. (Inflatables) at that date, adjusting for the issuance of additional shares expected to be issued in the acquisition. The acquisition is recorded using the purchase method. The unaudited Pro Forma Combined Condensed Statements of Income for the three month period ended March 31, 2002 and the year ended December 31, 2001 are presented combining the historical consolidated statements of income for ASDG and Inflatables assuming the acquisition had occurred at January 1, 2001. The acquisition agreement provides for Inflatables to issue 50,612,159 shares of common stock for all the issued and outstanding shares of ASDG. ASDG became a wholly owned subsidiary of Inflatables. The accompanying pro forma financial data does not reflect any potential benefits from cost savings or synergies expected to be realized following the acquisition. Information set forth in the accompanying pro forma financial statements should be read in conjunction with such historical and pro forma financial statements and accompanying notes. The unaudited pro forma financial information is provided for informational purposes only and is not necessarily indicative of actual results that would have been realized had the acquisition occurred at the assumed dates nor is it necessarily indicative of future results. SFAS 142 "Goodwill and Other Intangible Assets" requires that intangible assets with indefinite useful lives not be systematically amortized, but rather tested at least annually to determine impairment. This statement is effective for calendar year 2002.

AMERICAN SPORTS DEVELOPMENT GROUP INC 8-K/A