Jul 6th 2008, 01:44 BTR Beck Technical Research
by Bogart Beck

BTR - Beck Technical Research - June 2008 Financials - Posted 07/06/2008

BTR - Beck Technical Research - June 2008 Financials - Posted 07/06/2008

CEO's Report and Forward Guidance
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BTR Shareholders,

Most of my long-term shareholders will recall the chain of events that ultimately created BIG & BTR (essentially a reverse-merger of Bo Beck Group).
For our newest investors and those with short recall I'd like to direct your attention to the BTR Prospectus at the following URL...

http://www.slcapex.com/symbol/BTR/profile

...where the complete history and the BTR Strategic Plan is briefly outlined. Readers may also recall that last month I mentioned that BTR has substantially completed development of the BIG Estate SIM and that I would be exploring options to best monetize this investment for our shareholders. I also spun a little tease regarding BTR's latest development effort.

I am pleaed to report our intent to SPIN OUT the BIG ESTATE SIM into its own trading stock pursuant to the BTR Strategic Plan as described in the BTR Prospectus. I expect to be able to name a Chief Executive Officer and Board of Directors for the new entity (Name TBD) within the week and expect to have NEWCO trading as a fully-operational self-sustaining entity by month-end.

BTR Shareholders of record at time of closing can expect to recieve (1) share of NEWCO for each BTR share they currently hold. This transaction will reduce the valuation of BTR but such value will be fully recognized in the value of the NEWCO shares. Stay tuned to the BTR CapEx Forum for pending NEWS regarding the NEWCO CEO and Board of Directors - exciting times are ahead for this new entity!

I have already begun working on the NEXT development effort for BTR - a SPORTS and ENTERTAINMENT SIM that's just been plced immediately East of the SIM where the NEW SL CapEx Headquarters is located (Treasure Island - part of the Barbary Coast Estates managed by Nestler Investments).

The NEW BTR SIM will host a Futsal Arena and other attractions. I anticipate having this SIM online and ready for business by September first. Stay tuned!

So... what's the Bad News? Well...

BTR did not turn a profit this month - I've paid Tier out of our cash reserve. Honestly there has been lots of other activity that demanded attention other than short-term BTR Rentals. We finished the DCTY Redevelopment effort this month and have a HUGE SL CapEx policy change in the works that has been a major undertaking. Nonetheless I'm quite optimistic regarding BTR's forward prospects regardless of the SL Financial Markets, SL Economy or the apparent abundance of vacant SIMs. Those of you who have been with me a long while should know to expect the unexpected; for new passengers - welcome aboard! Strap in and enjoy the ride!

Want to know more? Drop me a line - bogart.beck@gmail.com

Thanks for playing!

Bogart Beck
BTR Chair & CEO

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SL CapEx: BTR) Beck Technical Research - INCOME STATEMENT
PERIOD ENDING 30-June-08

Revenue

Consolidated Revenue - Products and Services - (Estate Mgmt, etc) $23,000.00
TOTAL SALES REVENUE $23,000.00

Cost of Sales (or Cost of Goods Sold) GOGS
Sales Commissions Paid on Products and Services $-
Sales Commissions Paid on Sale of Stock $15,013.54
Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $81,125.00
(ALL) - Marketing & Advertising Expense (NONE) $-
TOTAL COST OF SALES $96,138.54

Gross Profit (Loss) $(73,138.54)
Gross Margin (%) -317.99%

Operating Expenses

Research & Development (NONE)
General and Administrative (Mgmt & Admin Salaries) (NONE) $-
Non Recurring (ONE-TIME) (NONE) $-
Others / Miscellaneous (OFC Furniture, etc.) (NONE) $-
TOTAL OPERATING EXPENSES $-

Operating Income or Loss $(73,138.54)
Operating Margin (%) -317.99%

Other Income from Continuing Operations

Other Income - (LAND SALES) $-
Other Income - Dividends Earned $7,720.04
Interest Earned on DEPOSITS or CD's (Short Term Invest.) $-
Misc. Income - CEO Market Maker Commission Earned (N/A) $-
TOTAL OTHER INCOME $7,720.04

Less Other Expenses (NET) $-

Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $(65,418.50)

Less Interest Expense $-
Less Income Tax Expense $-
Less Asset Depreciation $-
Less Other Adjustments $-

NET INCOME FROM CONTINUING OPERATIONS $(65,418.50)

Other Non-recurring Events

Less Costs for Discontinued Operations $-
Less Asset Impairment (Goodwill write-down-Suit Factory @ 100% ) $-
Less Effect Of Accounting Changes $-
Less Other Items $-

NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $(65,418.50)
% of Revenue -284.43%

Less DISBURSEMENT to Preferred Stock Shareholders $-
% of NIAS 0.00%
Less DIVIDEND to Common Shareholders L$0.01 /sh Paid 06/08/2008 $20,000.00
% of NIAS -30.57%

RETAINED EARNINGS $(85,418.50)
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(SL CapEx: BTR) Beck Technical Research - balance sheet
PERIOD ENDING 30-June-08

Assets

Current Assets
Cash And Cash Equivalents (CapEx BTR Balance) $15,992.94
Short Term Invest. (150,001 shares of BIG held as Investment) $811,505.41
Net Receivables $-
Inventory (1x 485 JPG Inventory BBG Prints) Carried @ $L269.00 Each $130,465.00
Other Current Assets-The Suit Factory (L$) 0.00-100% Write-down 05/08) $-

Total Current Assets $957,963.35

PLUS

Long Term Investments (DCTY Investment - 165,751 shares) (NPV) $943,123.19
Property Plant and Equipment (Hard Assets)
Intangible Assets (Chromatique(tm) & Derivative Works)(Carry @ L$1.00) $1.00
Goodwill - NONE
Accumulated Amortization - NONE $-

Total Assets $1,901,087.54

Liabilities

Current Liabilities
Accounts Payable -July Tier - BIG Estates - Due 07/14/2008 to LL $81,125.00
Current Portion Due of Long Term Debt - NONE $-
Other Current Liabilities - NONE $-

Total Current Liabilities $81,125.00

PLUS

Long Term Debt - NONE $-
Other Liabilities - NONE
Deferred Long Term Liability Charges - NONE $-
Minority Interest - NONE $-
Negative Goodwill - NONE $-

Total Liabilities $81,125.00

Stockholders' Equity

Preferred Stock $-
Common Stock - (BTR - 1.5 M Shares @ L$0.01 /share PAR Value) $15,000.00
Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $(85,418.50)
Additional PAID-IN Capital $-
Treasury Stock - (BTR - 500,000 Shares @ L$0.01 /share PAR Value) $5,000.00
Capital Surplus $-
Other Stockholder Equity $1,885,381.04

Total Stockholder Equity $1,819,962.54

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1,901,087.54
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CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00