<PAGE>
 
   goodwill and deferred cost balances, $1,000 for estimated commissions and
   fees and a $7,771 book tax provision. At closing the actual amount of cash
   proceeds will be increased or decreased, as the case may be, to the extent
   that the Net Asset Value is greater than or less than $106,624.
(3) The Company has also announced its intention to sell Cimarron. Although the
    stockholders are not being asked to approve such sale, should such sale
    occur as intended, the pro forma financial results would be further
    adjusted as indicated below:
 

<TABLE>
<CAPTION>
                                                           CIMARRON  AS FURTHER
                                               AS ADJUSTED   SALE     ADJUSTED
                                               ----------- --------  ----------
      <S>                                      <C>         <C>       <C>
      Current assets..........................  $149,605   $ 13,163   $162,768
      Other assets............................    46,949     (6,019)    40,930
      Property and equipment, net.............    53,242    (16,940)    36,302
                                                --------   --------   --------
          Total assets........................  $249,796   $ (9,796)  $240,000
                                                ========   ========   ========
      Current liabilities.....................  $ 38,462   $ (9,796)  $ 28,666
                                                --------   --------   --------
          Total liabilities and stockholders'
           equity.............................  $249,796   $ (9,796)  $240,000
                                                ========   ========   ========
      Book value per share....................     $5.53         --      $5.53
</TABLE>

 
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