<table>
<tbody><tr style="font-size:1px">
<td width="5%" valign="TOP">
<p>&nbsp;</p>
</td>
<td width="5%" valign="TOP">
<p>&nbsp;</p>
</td>
<td width="90%" valign="TOP">
<p>&nbsp;</p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">(l)</font></p>
</td>
<td valign="TOP">
<p><font size="2"><u>Reimbursable
 Program Costs and Expenses </u></font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">Pursuant to
 contractual arrangements with some of its clients, the Company is reimbursed
 for certain program costs and expenses. These reimbursed costs are recorded
 both as revenues and as operating expenses. Such costs may include variable
 employee program compensation costs. Not included in reimbursable program
 costs and expenses are certain compensation and general and administrative
 expenses which are recurring in nature and for which a certain client fee
 arrangement provides for payment of such costs. These costs are included in
 compensation and general and administrative expenses on the statements of
 operations.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">In July
 2000, the Emerging Issues Task Force (“EITF”) of the Financial Accounting
 Standards Board (“FASB”) released Issue 99-19, “Reporting Revenue Gross as a
 Principal versus Net as an Agent” (“EITF 99-19”). Additionally, in January
 2002, the EITF released Issue 01-14, “Income Statement Characterization of
 Reimbursements Received for “Out-of-Pocket” Expenses Incurred” (“EITF
 01-14”). EITF 99-19 and EITF 01-14 provide guidance on when client
 reimbursements, including out of pocket expenses, should be characterized as
 revenue. Pursuant to such literature, the Company records such client
 reimbursements as revenue on a gross basis.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">(m)</font></p>
</td>
<td valign="TOP">
<p><font size="2"><u>Accounting
 for Stock-Based Compensation </u></font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">On April 1,
 2006, the Company adopted Statement of Financial Accounting Standards No. 123
 (Revised 2004) – “Share-Based Payment” (“SFAS No. 123R”), which requires the
 Company to measure all employee stock-based compensation awards using a fair
 value method and record the related expense in the financial statements over
 the period during which an employee is required to provide service in
 exchange for the award. SFAS No. 123R also amends FASB Statement No. 95,
 “Statement of Cash Flows,” to require that excess tax benefits, as defined,
 realized from the exercise of stock options be reported as a financing cash
 inflow rather than as a reduction of taxes paid in cash flow from operations.
 The Company elected to use the modified prospective transition method, which
 requires that compensation cost be recognized in the financial statements for
 all awards granted after the date of adoption as well as for existing awards
 for which the requisite service has not been rendered as of the date of
 adoption. For each award that has a graded vesting schedule, the Company
 recognizes compensation cost on a straight-line basis over the requisite
 service period for the entire award. Stock based employee compensation
 expense for the three months ended June 30, 2008 and 2007 was $130,103 and
 $82,123 respectively.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">(n)</font></p>
</td>
<td valign="TOP">
<p><font size="2"><u>Income Taxes
 </u></font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">The
 provision for income taxes includes federal, state and local income taxes
 that are currently payable. Deferred income taxes are accounted for under the
 asset and liability method. Deferred tax assets and liabilities are
 recognized for the estimated future tax consequences attributable to
 differences between the financial statement carrying amounts of existing
 assets and liabilities and their respective tax bases and operating loss and
 tax credit carryforwards. Deferred tax assets and liabilities are measured
 using enacted tax rates expected to apply to taxable income in the years in
 which those temporary differences are expected to be recovered or settled.
 The effect on deferred tax assets and liabilities of a change in tax rates is
 recognized in income in the period that includes the enactment date.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">On April 1,
 2007, the Company adopted Financial Accounting Standards Board (FASB)
 Interpretation No. 48, “Accounting for Uncertainty in Income Taxes—an
 interpretation of FASB Statement No. 109” (FIN 48). There was no impact on
 the Company’s consolidated financial position, results of operations or cash
 flows at March 31, 2008 and for the year then ended as a result of
 implementing FIN 48. At the adoption date of April 1, 2007 and at March 31,
 2008, the Company did not have any unrecognized tax benefits. The Company’s
 practice is to recognize interest and/or penalties related to income tax
 matters in income tax expense. As of June 30, 2008, the Company had no
 accrued interest or penalties related to income taxes. The Company currently
 has no federal or state tax examinations in progress</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">(o)</font></p>
</td>
<td valign="TOP">
<p><font size="2"><u>Net Income
 Per Share </u></font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">Basic
 earnings per share is based upon the weighted average number of common shares
 outstanding during the period. Diluted earnings per share is computed on the
 same basis, including if dilutive, common share equivalents, which include
 outstanding options and restricted stock. For purpose of computing diluted
 earnings per share, 291,751 common share equivalents were assumed to be
 outstanding for the three months ended June 30, 2008. For the three months
 ended June 30, 2008 and 2007, stock options and warrants to purchase
 approximately 235,767 and 575,766 shares of common stock were excluded from
 the calculation of diluted earnings per share as their inclusion would be
 anti-dilutive. The weighted average number of shares outstanding consist of:</font></p>
</td>
</tr>
</tbody></table>
<table>
<tbody><tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>(l)</font></p>
</td>
<td>
<p><font><u>Reimbursable
 Program Costs and Expenses </u></font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>Pursuant to
 contractual arrangements with some of its clients, the Company is reimbursed
 for certain program costs and expenses. These reimbursed costs are recorded
 both as revenues and as operating expenses. Such costs may include variable
 employee program compensation costs. Not included in reimbursable program
 costs and expenses are certain compensation and general and administrative
 expenses which are recurring in nature and for which a certain client fee
 arrangement provides for payment of such costs. These costs are included in
 compensation and general and administrative expenses on the statements of
 operations.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>In July
 2000, the Emerging Issues Task Force (“EITF”) of the Financial Accounting
 Standards Board (“FASB”) released Issue 99-19, “Reporting Revenue Gross as a
 Principal versus Net as an Agent” (“EITF 99-19”). Additionally, in January
 2002, the EITF released Issue 01-14, “Income Statement Characterization of
 Reimbursements Received for “Out-of-Pocket” Expenses Incurred” (“EITF
 01-14”). EITF 99-19 and EITF 01-14 provide guidance on when client
 reimbursements, including out of pocket expenses, should be characterized as
 revenue. Pursuant to such literature, the Company records such client
 reimbursements as revenue on a gross basis.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>(m)</font></p>
</td>
<td>
<p><font><u>Accounting
 for Stock-Based Compensation </u></font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>On April 1,
 2006, the Company adopted Statement of Financial Accounting Standards No. 123
 (Revised 2004) – “Share-Based Payment” (“SFAS No. 123R”), which requires the
 Company to measure all employee stock-based compensation awards using a fair
 value method and record the related expense in the financial statements over
 the period during which an employee is required to provide service in
 exchange for the award. SFAS No. 123R also amends FASB Statement No. 95,
 “Statement of Cash Flows,” to require that excess tax benefits, as defined,
 realized from the exercise of stock options be reported as a financing cash
 inflow rather than as a reduction of taxes paid in cash flow from operations.
 The Company elected to use the modified prospective transition method, which
 requires that compensation cost be recognized in the financial statements for
 all awards granted after the date of adoption as well as for existing awards
 for which the requisite service has not been rendered as of the date of
 adoption. For each award that has a graded vesting schedule, the Company
 recognizes compensation cost on a straight-line basis over the requisite
 service period for the entire award. Stock based employee compensation
 expense for the three months ended June 30, 2008 and 2007 was $130,103 and
 $82,123 respectively.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>(n)</font></p>
</td>
<td>
<p><font><u>Income Taxes
 </u></font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>The
 provision for income taxes includes federal, state and local income taxes
 that are currently payable. Deferred income taxes are accounted for under the
 asset and liability method. Deferred tax assets and liabilities are
 recognized for the estimated future tax consequences attributable to
 differences between the financial statement carrying amounts of existing
 assets and liabilities and their respective tax bases and operating loss and
 tax credit carryforwards. Deferred tax assets and liabilities are measured
 using enacted tax rates expected to apply to taxable income in the years in
 which those temporary differences are expected to be recovered or settled.
 The effect on deferred tax assets and liabilities of a change in tax rates is
 recognized in income in the period that includes the enactment date.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>On April 1,
 2007, the Company adopted Financial Accounting Standards Board (FASB)
 Interpretation No. 48, “Accounting for Uncertainty in Income Taxes—an
 interpretation of FASB Statement No. 109” (FIN 48). There was no impact on
 the Company’s consolidated financial position, results of operations or cash
 flows at March 31, 2008 and for the year then ended as a result of
 implementing FIN 48. At the adoption date of April 1, 2007 and at March 31,
 2008, the Company did not have any unrecognized tax benefits. The Company’s
 practice is to recognize interest and/or penalties related to income tax
 matters in income tax expense. As of June 30, 2008, the Company had no
 accrued interest or penalties related to income taxes. The Company currently
 has no federal or state tax examinations in progress</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>(o)</font></p>
</td>
<td>
<p><font><u>Net Income
 Per Share </u></font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>Basic
 earnings per share is based upon the weighted average number of common shares
 outstanding during the period. Diluted earnings per share is computed on the
 same basis, including if dilutive, common share equivalents, which include
 outstanding options and restricted stock. For purpose of computing diluted
 earnings per share, 291,751 common share equivalents were assumed to be
 outstanding for the three months ended June 30, 2008. For the three months
 ended June 30, 2008 and 2007, stock options and warrants to purchase
 approximately 235,767 and 575,766 shares of common stock were excluded from
 the calculation of diluted earnings per share as their inclusion would be
 anti-dilutive. The weighted average number of shares outstanding consist of:</font></p>
</td>
</tr>
</tbody></table>