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Larry Jordan II Buffalo NY

Larry Jordan II Buffalo NY

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Larry Jordan II Buffalo NY

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  1. 2021 Standard Ascension Tower Corp Larry Jordan II [BUSINESS CASE] With Appendixes

  2. Legal Page Confidentiality Agreement The undersigned reader acknowledges that the information provided by _______________ in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of _______________. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader, may cause serious harm or damage to _______________. Upon request, this document is to be immediately returned to _______________. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities.

  3. Table of Contents Please click below and press F9 to automatically generate the Table of Contents. Page 1

  4. Table of Contents Page 1

  5. Standard Ascension Tower Corp 1.0 Executive Summary Standard Ascension Tower (S.A.T.) SAT is a manufacturer of structural l steel fully automated cell towers, with one location in the East coast and Midwest. SAT is a start-up manufacturing firm. Along with a significant level of startup capital, SAT hopes to begin operations. SAT is looking to conduct operations in the fourth quarter of 2021 to meet the demands. The company's initial product offering will include the "Ascension 1.0," "Ascension 2.0," and "Ascension 3.0." These products are expected to be very popular among tower companies and carriers because of their versatility, automation, wireless capabilities, security, safety and accurate control capabilities. Strong contact relationships and referral networks among our industry The inventor, Larry Jordan II, has assigned to SAT all patent rights to manufacture and market the Ascension Towers worldwide, in perpetuity. OUR MISSION To provide cost effective and safe towers to the broadcasting and cellular industries worldwide. THE EXISTING PROBLEM  Maintenance and Installations on towers are labored and impractical and the cost is very high. Tower top components break and need repair or replacement that drive infrastructure cost up and unreliable networks. Communication lines are costly hard to install and suffers allot of theft Industries demand more towers to meet the demand of their customers Towers are an environmental hazard. Networks and components are vulnerable to natural disaster and weatherization Carriers are losing millions off of Azimuth devotions Towers are unsafe which makes our industry the most dangerous construction industry...we have a yearly average of 18 deaths a year        THE SOLUTION     Ascension towers are less costly to buy and maintain. Ascension towers are more durable, and fully automated. Ascension towers can handle more carriers Ascension towers can be brought down remotely during natural disasters to ensure network integrity Ascension towers are unique, made from recycled scrap Ascension towers can ensure azimuth accuracy before raised to permanent position Ascension towers are safer there is no need to climb it will cut Time on Tower down by 92% Ascension towers are guaranteed for years. Ascension towers have no competition worldwide.      Page 1

  6. Standard Ascension Tower Corp  Ascension towers are wireless thus eliminating communication lines therefore cutting maintenance down 85%, network installation cost down 35%, and pulling up network coverage and speed by 24% TECHNOLOGY AND PROCESS        International (PCT) patent protection filed. Production line machinery is available and has been source. Raw materials are readily available and have been source. Flexible production line allows for building various towers sizes, with high yield and quality. Process based on modular capacity that allows for quick manufacturing expansion. Factory will be environmentally "clean" with no waste stream. Prototypes will be built, tested, and qualified. THE MARKET    Worldwide markets and licensing opportunities (Internationally protected patents). U.S. Government Wireless Carrier and Broadcasting markets. U.S. government has mandated tower replacement. SALES     Potential sales pending investment and production ramp up. Environmental incentives to certain markets (Government sub-contractors). All licenses, permits, governmental agencies acquired and in support of project. University lead projects with high regarded professors in their respective fields. TOWER COST COMPARISON - OVER FIVE YEARS  Towers demonstrate substantial savings, $430,500 for 350ft Ascension Mono pole p vs. $830,000 for a 350ft Standard Tower total cost for standard monopole, over 5 years. INVESTMENT REQUIRED AND USE OF FUNDS   PPM will offer 35% ownership for an estimated to reach profitability within 12-18 months. From the second year forward, 50% of the net profit after tax will be distributed as dividends to the shareholders (as long as it will not affect the planned expansion). The other 50% will be dedicated to growth. Funds raised will be used for plant setup, operations, equipment, marketing and sales.  INVESTOR DISCUSSION   Projections reflect the return of the original investment in less than two years. Approximately six times valuation, based on discounting of five years of net earnings to present value. Present Value of five years of projected net earnings at a 25% discount (incl. risk factor) is $98 million. Reaching more than 20% of the market share with five plants within five years. Projected revenue of approximately $ billion.    Page 2

  7. Standard Ascension Tower Corp    Projected net profit (before taxes) of approximately $ billion. Management Team - Strong and professional with highly specialized consultants. Exit Strategy alternatives: (a) IPO after two years; (b) Acquisition; (c) Private ownership with a long horizon of profits are expected to allow for a rapid entry into this market. Chart: Highlights 1.1 Objectives 1. To develop and manufacture in our own facility by 2022. 2. To break even by the end of the second year in business. 3. Develop technology solutions that will increase the adoption and compliance rates of the Ascension Tower 4. Achieve positive cash flow by year three. 5. Reach $550 million in annual revenues by year four. 6. Expand into other industries that heavily rely on communication towers and military sectors. 7. To establish two production lines at the first plant in Buffalo, NY in order to produce 10,000 towers annually, with projected net income (before taxes) in excess of $108 million. Page 3

  8. Standard Ascension Tower Corp 8. To expand production annually by opening a plant with two additional lines of production each year for years two through five. 9. Achieve targeted market share of 20.15% in the first production year to 30.75% by the end of year five. 10.SAT will take advantage of the acute need for solutions to the worlds tower shortage, and establish plants in different locations where resources are abundantly available, while taking advantage of benefits and subsidies offered by different State Government programs. 11.Develop foreign markets, through licensing agreements, especially in Europe and the Far East, where similar acute problems of network and tower tech safety and network maintenance issues and deployment exist. 12.Increase production and sale from 10,000 towers per year to approximately 20,000 towers per year in the second year of operation at the proposed facility and reach maximum capacity of 50,000 towers per year by year three. 13.Establish strategic relationships with 10-15 American importers in Los Angeles, San Francisco, & Seattle. 14.Increase gross margins from fifteen percent (15%) to seventeen percent (17%) in the next three years. 1.2 Mission SAT is a manufacturing and marketing company dedicated to providing Tel com industry a cost effective solution for network rollouts. The manufacturing process and the product are patent protected worldwide with no existing competition. SAT will reduce Telecom network construction expenditures substantially with its turnkey tower. SAT will locate its manufacturing plants in rural towns, near large metropolitan areas, where employment is needed the most. SAT will earn profits and provide excellent return to its investors while at the same time financing an aggressive growth of the company to increase production each year. SAT will also maintain a friendly, fair, and creative work environment, which respects diversity, product improvement, and hard work. SAT has develop a solution to power next-generation network with an added value that allows carriers the ability to dramatically improve the accuracy, sensitivity, and robustness of a range of different sensors software solutions for a critical infrastructure problem. SAT also aims to offer a seamless network for the telecommunication industry at a price which is competitive in comparison to other premium-quality OEM in the market. The management of SAT believes there is a current untapped market opportunity because 1) existing providers of telecom towers are too diversified to serve the increasingly specialized needs of the carrier, and 2) the incorporation of greater precision controls within such machinery will greater serve the needs of this segment of the industry. Page 4

  9. Standard Ascension Tower Corp 1.3 Keys to Success SAT will succeed for the following reasons:: 1. Establishing and maintaining working relationships and contractual agreements with American exporters and foreign brokers and wholesalers. 2. An existing market in the U.S. of over 300k new towers another 3.5 million worldwide 3. SAT towers and wireless tech are patent protected. 4. SAT towers are guaranteed for years. 5. The danger and scarcity of the telecom tower worker is a well-known fact; therefore the Ascension tower offers a far superior, durable and longer lasting than anything comparable in the market place. The advertising and marketing costs will remain low as the Ascension Tower will be introduce through trade shows and conventions. 6. Bringing the new facility to maximum production within three years of operation. 7. Increasing our profit margin with the use of improved technology in the new facility. 8. Effectively communicating, to current and potential customers, our position as a differentiated provider of the highest quality towers 9. Significant investments in research and development and engineering with the aim to focus on precisely controlled equipment. 10.Improving efficiencies of operations in the world. 11.Maintaining low overhead costs by monitoring and scheduling production 2.0 Company Summary SAT is a start-up manufacturing firm which will be managed by executives representing administration, marketing, sales, and finance. These executives bring to the company a large degree of experience in the telecommunications, finance, and tower manufacturing industry. They perceive an opportunity to acquire a significant amount of market share by focusing on the specific needs of the telecommunications industry and by providing greater precision controls to their network than other competitors. The company will be organized as a closely-held corporation with a majority of the shares held by the principle executives. The company will be seeking to raise startup cost from private investors for operating purposes. The company will have several manufacturing facilities the first one to be open will be in Western New York due to al the incentives and 10years of tax free operation that the county executive has set aside for tech startups. S.A.T.-Standard Ascension Towers (SAT) a New York Corporation was formed to create a joint venture with the participation of the new investors and the current owners: PRZ Technologies and Wally P, its President. SAT will manufacture and market worldwide the patent protected Ascension Tower and its ancillary technologies, SAT will to complete research and development, prototypes, and pre-production marketing of the tower. These efforts include the issuance of a Utility Patent that will protect the unique design of the tower and its wireless and ancillary techs. All patent rights to manufacture and market the SAT worldwide, are assigned in perpetuity to SAT by the chief inventor and SAT's president, Larry Jordan II. Page 5

  10. Standard Ascension Tower Corp The Company's was formed as a Standard C Corporation under the laws of the State of New York May 2018. The principal offices are presently located in Depew, New York. 2.1 Company Ownership Upon completion of the offering SAT a New York corp, will be owned by:   Privately held - 65%, The new investors (up to) - 35% SAT is offering 35% of its shares to raise additional capital needed for starting the first plant (with two production lines), in Western New York. The majority owner of SAT, is the inventor of the wireless short range system and the Ascension Tower, Mr. Larry Jordan II. The inventor, Larry Jordan II, has assigned all patent rights to SAT to manufacture and market Ascension Tower worldwide in perpetuity. 2.2 Start-up Summary Our start-up cost is primarily for materials for prototypes, product development, trademark acquisition, rental equipment, operating and administrative costs, and acquiring purchase orders. The start-up costs are shown in the following table and illustration. The following summary table shows the projected start-up costs during the seven months needed to get into production. It includes the supply of specific machinery and equipment needed for the production lines. The start-up costs are to be financed by the money raised through this Private Placement Memorandum Offer. The see funds sought for opening the plant with two production lines is $3 million with projected net profits, in the first year of over $ . Alternatively, as a minimum plan, we could open with one line of production with funds of $4 million. In this case, the projected net profit, in the first year is over $. In either case, about $2,500,000 will be available as working capital for the first six months of operations (after the plant is in production). Management expects to begin production in approximately 180-200 days from funding as detailed in the Start-Up table. Long-term Assets Equipment and Machinery Plant Improvements LV Truck Plant Vehicle Total Equipment and Plant $3,827,800 $200,000 $3,000 $2,400 $4,033,200 Page 6

  11. Standard Ascension Tower Corp Table: Start-up Start-up Requirements Start-up Expenses Legal Stationery etc. Insurance Rent Computer Other Equipment Buildings furniture R&D Travel Inventory Vehicles Total Start-up Expenses $8,000 $5,000 $19,500 $17,500 $8,700 $9,730 $500,000 $15,000 $15,000 $120,000 $27,000 $150,000 $50,000 $945,430 Start-up Assets Cash Required Start-up Inventory Other Current Assets Long-term Assets Total Assets $125,000 $25,000 $25,000 $500,000 $675,000 Total Requirements $1,620,430 Page 7

  12. Standard Ascension Tower Corp Chart: Start-up 3.0 Products SAT product - the Ascension Tower is a unique and revolutionary tower made from a new, patent protected, design. The towers are much more safer and which makes penetration into the existing markets less difficult. The patented process and product gives our SAT towers the following advantages over the existing towers:     SAT towers are less costly to buy and maintain. SAT towers are more durable and indestructible. SAT towers are faster to install. SAT towers are fully automated and offer carriers the ability to change azimuths and control to lower tower top components in the event of a natural disaster. SAT offers wireless tower capabilities SAT towers are automated, safer and longer lasting than current towers. SAT towers are guaranteed for years.    4.0 Market Analysis Summary The composition of the industry has changed since the beginning of the 1990s as a result of consolidation and foreign investment. A spate of buyout and acquisitions occurred in the early to middle 2000s, and a number of privately-held companies became publicly owned. A wave of investment by the large European conglomerates spurred similar investments by continental machine-tool producers, which established U.S. production facilities to supply their primary customer group. Japanese investment also picked up in the first half of the decade, driven by the strong yen. The newcomers joined a contingent of Chinese manufacturers that had Page 8

  13. Standard Ascension Tower Corp established U.S. production facilities in the 1990s in response to U.S. import restrictions that have since been lifted. A strong commitment to exporting and the sustained expansion of the U.S. economy are key elements in the tower industry. Changes in the cable sector are also important. The telecom industry is far less cyclical than it was in the past. Tower makers are undertaking more frequent and less extensive design changes and are becoming globalize, tailoring their products to individual markets. This has led to ongoing investment programs rather than concentrated purchasing cycles. The increasing mergers and acquisitions produces localization of the telecommunication sector which in turn can quickly increase a companies worldwide presence, often through joint ventures, cooperative agreements, and strategic alliances. The countries that have attracted the largest industry investment to date are Mexico, Brazil, India, and China. 4.1 Market Segmentation Due to the fact that SAT projected plan is to open a new plant each year over the next five years, and to capture 15% to 25% of the U.S. market, and 35% of the foreign markets our main growth problem will be the limited abilities to supply the potential demand. Although we segmented the market into five groups we cannot indicate the percentage of growth for each segment, as the growth is not linear. The percentage represents our relative emphasis of this segment. • the telecommunication industry coupled with an in-depth understanding of the customer's needs. Our choice of target markets is based on comprehensive experience within • owners and government agencies are seeking, but have yet to find an acceptable solution. We have taken a unique approach to providing the safety and automation that tower • have structured the timing of this venture to address the heightened demand. By capitalizing on newly developed technology and the requirements of the F.CC., we Table: Market Analysis Market Analysis Year 1 Year 2 Year 3 Year 4 Year 5 Potential Customers Growth CAGR Replacements New Towers Military Domestic Foreign Total 18% 22% 5% 7% 12% 750,000 3,500,000 20,000 350,000 750,000 5,370,000 885,000 4,270,000 21,000 374,500 840,000 6,390,500 1,044,300 5,209,400 22,050 400,715 940,800 7,617,265 1,232,274 6,355,468 23,153 428,765 1,053,696 9,093,356 1,454,083 7,753,671 24,311 458,779 1,180,140 10,870,984 18.00% 22.00% 5.00% 7.00% 12.00% 19.28% 19.28% Page 9

  14. Standard Ascension Tower Corp Chart: Market Analysis (Pie) 4.2 Target Market Segment Strategy Our market research shows that these customer segments are the most demanding in terms of the engineering, technical service support, and automated design. SAT is particularly strong in these areas and will utilize our capacities to serve these clients. The company will seek customers who require production of components used in upper-end product lines. This will provide a further possibility for SAT to offer our value-added engineering services. 4.3 Industry Analysis In a cellular network, cell phone towers are fixed-location structures with electronic communications equipment that distribute and receive wireless signals to and from mobile devices over a given geographical area. From a Telecom Regulatory data evaluation in November 2020, there are 327 million mobile phones currently in use in the United States, exceeding the national population of 317 million[1]. The last decade has seen an exponential growth in the size and complexity of the mobile network; according to the digital analytics company comScore, the number of U.S. smart phone subscribers has shot up by a factor of 44, from 3.5 million in 2005 to 195 million in 2020. To provide coverage for such a high volume of cellular devices and compensate for the growing mobile network, over 250,000 cell phone towers have been erected across the United States1. The masts of the cell phone towers are generally several hundred feet tall to ensure maximal transceiver range for the antennas and radio frequency (RF) devices. The height of these masts is also predicated by the need to service multiple wireless communication providers, each of which have distinct data networks - many cell sites in the US serve the four main carriers (AT&T, Verizon, Sprint, T-Mobile), and some also service international and/or regional companies. For the most part, the cell carriers do not own their own towers; they instead pay tower companies to lease a space for their antennas. The three major companies Crown Castle, SBA and American Tower own 90% of the 250,000 towers nationwide. There are also general contractors such as MasTec and Ericsson that provide maintenance and upgrades on Page 10

  15. Standard Ascension Tower Corp the towers. Overall, the main cell phone carriers who provide the services do not have a stake in the day-to-day activities at the site, as long as their antennas are solely providing service and are not invested in any other operation. Due to this lack of responsibility, the upkeep of the towers has not been a priority. As a result, the towers have become very unsafe to work on - this is evidenced by the 18 deaths in this industry last year[2]. With the rising number of deaths each year at the cell sites, efforts must be put forth to create a working environment that caters to both worker safety and economic feasibility. Problem Definition According to the Occupation Safety and Health Administration of the U.S. Labor Department, 13 workers died at communication tower work sites in 2013 in climbing-related accidents - more than in the previous two years combined. With an exponentially increasing death toll, efforts must be pursued to protect the workforce while also enticing companies to invest in new technology[3]. Eliminating the need for climbing cell phone towers is the most important factor in providing a safer workplace for the contractors in this field. A new monopole design will be needed to meet this requirement, as the current design statically places the RF devices hundreds of feet up the cell phone tower. The selling point of this technology for companies is its rate of return; the unavoidable increase in parts and cost would be offset with a faster maintenance time and subsequently lower labor and insurance costs, as workers would now be able to work on the RF equipment from the ground. A cost analysis would validate this design for its feasibility in industry. Eliminating climbing in maintenance work for cell phone towers allows for much safer work conditions and opens a new door through which profitability can be maximized. 4.3.1 Competition and Buying Patterns Based on a prior art search and our cross-disciplinary technology expertise, we believe we are the only solution provider of our kind to the telecommunication industry. However, SAT indirectly competes against other tower companies. We have identified the following companies as potential competition due to their efforts to solve the same problems, albeit for very different industries and applications. 5.0 Strategy and Implementation Summary The market strategy is to capitalize on our expertise by positioning the company to acquire strategic companies within the industry. We plan to leverage our expertise to acquire companies with product lines that complement our manufacturing operations. The company's goal in the next year is to secure more contract manufacturing positions. The company's goal in the next five years is to continue with our "value added" scheme and embark on an acquisition program that will see the company take over key industry players Page 11

  16. Standard Ascension Tower Corp 5.1 Competitive Edge SATs most important competitive edge is based on the unique and patented design of the S.A.T. tower. The process, the unique design, short range wireless system and the use of the material to manufacture tower are protected by the issued utility patent that will prevent duplication or "copycat" competition. SAT has already presented the Ascension tower to a monopolistic carrier throughout the Pacific Rim, and is interested in purchasing 300 towers, which will increase their network capacity and coverage, which in the long run is less costly than current tower. In addition, we will focus on different government agencies including the Department of Defense and Department of Transportation to introduce and market S.A.T. tower. The S.A.T. tower will be the best cost/performance tower in the market. The summary of advantages that our tower have in comparison to existing towers are: 1. Much less cost to maintain and build. 2. More durable 3. Have the ability to collocate more carriers. 4. The tower is fully automated. 5. Able to remotely change azimuths. 6. Able to remotely bring down tower top components in the event of disastrous or damaging weather 7. The tower and the process are patent protected worldwide. 8. Guaranteed for years. 9. Tower components will be inaccessible to thieves 10.Short range wireless tower top capabilities to ensure faster speeds, elimination the need of fiber, power and coaxial 11.Tower winch system with removable key to ensure authorize access of personnel 5.2 Marketing Strategy The S.A.T. tower is positioned uniquely as all wireless phone carrier and radio use towers as part of tier main infrastructure. The main segmentation among the users is found in how they use towers. The US telecommunication industry has ii excess of 300k towers, government has more than 50k towers, the radio broadcaster has 150k towers, the foreign has an estimated seven million towers. Our marketing strategy is based on informing and introducing the S.A.T. tower to tower buyers across the country and in foreign industries. We can accomplish this at a rapid pace by showcasing the towers at selected trade shows and conventions. Sample pro type will be available to view as well as brochures and videotapes explaining the benefits of the S.A.T. tower. Our first targeted marketing territory will be the Caribbean; concentrating on those companies they have a monopolistic. The marketing will convey the advantages, benefits and the quality of our product in every picture, every promotion, and every publication. tower climbers have been screaming for years for the tower industry to make a safer tower, but their request has fallen on deaf ears, as the tower builders would rather build a cheaper tower so that it will fail after a few years, requiring the customer to purchase more towers. The S.A.T. tower is a solution to the high cost of tower Page 12

  17. Standard Ascension Tower Corp and network maintenance, maintaining and discarding standard static towers. Our marketing efforts will not only focus on educating purchasing agents of companies, but also in making presentations to company board of directors, demonstrating the cost savings and benefits of using S.A.T. towers. As was shown in a previous example, a company purchasing 10 towers per year when converting to S.A.T. towers will save in excess of $3 million over five years. With such convincing statistics, we anticipate universal acceptance of S.A.T. Ascension towers. 5.3 Sales Strategy The direct sales force will consist of three industry-seasoned sales people lead by . • calls. This market is a long term, repetitive business where relationships are a key component to success. will manage the government agency and large shipper markets through personal sales • exceeds 250,000 towers. Plans to expand into the European and Asia markets are scheduled for 2022 and beyond. Sales will be targeted to U.S. companies in the early stages as this market alone • vertically integrate and become a stronger force in the telecommunication industry. The company will continue to strive towards procuring sales of our product lines and manufacturing capacity. The focus is securing contracts to produce components used in upper-end product lines, yielding opportunities for "value added" engineering. S.A.T. sales plan is to seek businesses that will advance the company's quest to • tactics. By aggressively seeking new accounts and taking full advantage of the existing relationships our sales force will bring to S.A.T. that will ensure depth and broadening our customer base, the company will expand and be able to compete with the leading companies in the industry. In addition, there are plans to use a direct sales force, relationship selling, and subcontractors to reach our markets. These channels are most appropriate because time to market, reduced capital requirements, and fast access to established distribution channels. To accomplish S.A.T. endeavors, the company will utilize internal and external sales 5.3.1 Sales Forecast The table below outlines the sales forecast and cost of goods sold. The forecast is based on reasonable sales projections within this very large market. The exponential growth of the access charge revenues is based on the cumulative volume of the S.A.T. units sold. For every unit sold, S.A.T. charges a monthly fee to access the data that remains in effect for as long as the unit is in service Table: Sales Forecast Sales Forecast Year 1 Year 2 Year 3 Year 4 Year 5 Unit Sales Ascension 1.0 Ascension 2.0 Ascension 3.0 Retractable Boom 6,729 4,914 6,812 30,832 11,576 8,540 14,560 113,409 15,300 12,435 18,500 250,120 29,670 22,456 32,450 340,060 95,004 37,850 48,600 450,405 Page 13

  18. Standard Ascension Tower Corp SRWS Total Unit Sales 75,514 124,801 176,890 324,975 234,000 530,355 298,005 722,641 396,500 1,028,359 Unit Prices Ascension 1.0 Ascension 2.0 Ascension 3.0 Retractable Boom SRWS Year 1 Year 2 Year 3 Year 4 Year 5 $234,007.00 $275,000.00 $425,000.00 $12,500.00 $23,060.00 $234,007.00 $275,000.00 $425,000.00 $12,500.00 $23,060.00 $234,007.00 $275,000.00 $425,000.00 $12,500.00 $23,060.00 $234,007.00 $275,000.00 $425,000.00 $12,500.00 $23,060.00 $234,007.00 $275,000.00 $425,000.00 $12,500.00 $23,060.00 Sales Ascension 1.0 Ascension 2.0 Ascension 3.0 Retractable Boom SRWS Total Sales $1,574,633,103 $1,351,350,000 $2,895,100,000 $385,400,000 $1,741,352,840 $7,947,835,943 $2,708,865,032 $2,348,500,000 $6,188,000,000 $1,417,612,500 $4,079,083,400 $16,742,060,932 $3,580,307,100 $3,419,625,000 $7,862,500,000 $3,126,500,000 $5,396,040,000 $23,384,972,100 $6,942,987,690 $6,175,400,000 $13,791,250,000 $4,250,750,000 $6,871,995,300 $38,032,382,990 $22,231,601,028 $10,408,750,000 $20,655,000,000 $5,630,062,500 $9,143,290,000 $68,068,703,528 Direct Unit Costs Ascension 1.0 Ascension 2.0 Ascension 3.0 Retractable Boom SRWS Year 1 Year 2 Year 3 Year 4 Year 5 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 Direct Cost of Sales Ascension 1.0 Ascension 2.0 Ascension 3.0 Retractable Boom SRWS Subtotal Direct Cost of Sales $393,658,276 $337,837,500 $723,775,000 $96,350,000 $191,548,812 $1,743,169,588 $677,216,258 $587,125,000 $1,547,000,000 $354,403,125 $448,699,174 $3,614,443,557 $895,076,775 $854,906,250 $1,965,625,000 $781,625,000 $593,564,400 $5,090,797,425 $1,735,746,923 $1,543,850,000 $3,447,812,500 $1,062,687,500 $755,919,483 $8,546,016,406 $5,557,900,257 $2,602,187,500 $5,163,750,000 $1,407,515,625 $1,005,761,900 $15,737,115,282 Page 14

  19. Standard Ascension Tower Corp Chart: Sales Monthly Chart: Sales by Year 5.4 Milestones The following table lists important project milestones during the pre-production start-up period, with dates and managers in charge, and budgets for each milestone. The milestone schedule indicates our emphasis on planning for implementation. Page 15

  20. Standard Ascension Tower Corp The production schedule is based on three shifts. During the first month only one shift will be in operation, in the second month, two shifts, and from the third month, a full three shifts of production. During the start-up period, the employees will be located and trained. The municipality of Erie will assist us in recruiting employees. There is an adequate work force within the surrounding communities, which will enable us to choose quality people. Table: Milestones Establish Indiana/Tenesee Office Establish Arizona Office Purchase/Install Workstations Contract Outsourced Dev Group Establish Production Facility Established Outsourced Services Hire New York Staff (5 eng) Contract Manufacturing Facility Develop Sales Collateral Hire Sales Admin Hire Production Admin Establish Pilot Programs Hire VP Sales Trade Show Direct Mail Campaign Begins Start Advertising Campaign Sell First 100 Units Hire Finance and Distribution Hire Customer Service Sign First Security Contract Sales of 300 Units/Mo Meet Revenue Target 6/30/2021 6/30/2021 7/30/2021 9/15/2021 10/30/2021 9/30/2021 7/30/2021 7/30/2021 7/30/2021 8/30/2021 9/15/2021 9/30/2021 11/1/2021 11/1/2021 11/1/2021 11/15/2021 12/1/2021 12/1/2021 1/1/2022 1/1/2022 1/1/2022 5/1/2022 5/30/2022 7/30/2021 7/30/2021 8/30/2021 7/30/2021 8/30/2021 7/30/2021 8/30/2021 8/30/2021 8/30/2021 9/15/2021 9/30/2021 12/30/2021 11/15/2021 11/15/2021 $24,000 $28,000 $28,000 $397,000 $97,000 $25,000 $35,000 $0 $15,000 $0 $0 $0 $0 $10,000 $25,000 $25,000 $0 $0 $0 $0 $0 $0 Sales/Marketing Production Production Production Production Sales/Marketing Production Sales/Marketing Sales/Marketing Sales/Marketing Production Sales/Marketing Sales/Marketing Sales/Marketing Sales/Marketing Sales/Marketing Sales Sales/Marketing Production Sales Sales Sales 12/15/2021 12/31/2021 1/15/2022 1/15/2022 1/5/2022 5/30/2022 5/30/2022 6.0 Management Summary S.A.T. management is comprised of experienced executives and business professionals from the telecommunications and technology manufacturing industries. Our management team possesses a breadth of functional experience in tower manufacturing, product development, the marketing of emerging products/technologies, strategic partnering, professional services and corporate finance. Larry Jordan II and Robert Weig will share the senior management responsibilities with each other directing the sales/marketing, finance, and distribution efforts anddirecting the development, operations, and production. The organizational structure and personnel plan reflect our intentions to maintain an organization that is customer Page 16

  21. Standard Ascension Tower Corp oriented and technologically proficient, while efficiently managing cost controls and productivity. The Personnel Plan reflects the staffing levels required to create the tower, manufacture, and establish the customer base needed to achieve the revenues projected and reach profitability. The company's management philosophy is based on responsibility and mutual respect. S.A.T. will maintain an environment and structure that will encourage productivity and respect for customers and fellow employees. S.A.T. management is highly experienced and qualified. The key management team includes: Larry Jordan II CEO, Robert Weig, president, and Tim Swager, Swager Communication for Production. As the table below outlines, the company will strive to maintain lean overhead. Besides the senior management team and an administrative assistant, S.A.T. will employ a production manager who oversees all the production facilities and the staff of ___. 6.1 Personnel Plan The Personnel Plan reflects the staffing levels required to create the prototype, manufacture Tower and ancillary parts, wireless hardware and firm aware, and establish the customer base needed to achieve the revenues projected and reach profitability. Keep in mind the first year is their yearly salary requirements thus does not reflect the month started. Thus yearly salaries reflect fiscal year not calendar year. The personnel plan also requires an increase in plant employees from 11 to 17-30 within the next three years. Additional employees will also be added to increase administrative and accounting support. One additional employee will be added to the sales and marketing division. Table: Personnel Personnel Plan Year 1 Year 2 Year 3 Year 4 Year 5 CEO President VP of Marketing Production Meager Vp of Sales Project Engineer Structural Engineer Electrical Engineer CAD/Drafter Vp of Finance Accountant HR Mechanical Engineer Civil Engineer Electrical Engineer PR CLO CTO Warehouse Worker Warehouse Worker Machinist $144,000 $144,000 $72,000 $144,000 $144,000 $72,000 $51,600 $18,492 $66,000 $69,600 $69,600 $45,000 $72,000 $63,540 $44,700 $69,600 $69,600 $69,600 $54,000 $84,347 $96,000 $30,000 $30,000 $40,800 $144,000 $144,000 $72,000 $51,600 $18,492 $66,000 $69,600 $69,600 $45,000 $72,000 $63,450 $44,700 $69,600 $69,600 $69,600 $54,000 $84,347 $96,000 $30,000 $30,000 $40,800 $144,000 $144,000 $72,000 $51,600 $18,492 $66,000 $69,600 $69,600 $45,000 $72,000 $63,450 $44,700 $69,600 $69,600 $69,600 $54,000 $84,347 $96,000 $30,000 $30,000 $40,800 $144,000 $144,000 $72,000 $51,600 $18,492 $66,000 $69,600 $69,600 $45,000 $72,000 $63,450 $44,700 $69,600 $69,600 $69,600 $54,000 $84,347 $96,000 $30,000 $30,000 $40,800 $0 $18,492 $66,000 $69,600 $69,600 $45,000 $72,000 $0 $44,700 $69,600 $69,600 $69,600 $0 $84,347 $0 $30,000 $0 $40,800 Page 17

  22. Standard Ascension Tower Corp Machinist Machinist Machinist Machinist Machinist Machinist Machinist Machinist Inventory Control Manager Sr. Buyer, Purchasing Sr. Structural Detailer Maintenance Technician Sr. Structural Detailer Welder Welder Civil Technician Tower Technician Tower Technician Total People $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $54,744 $64,116 $39,600 $27,600 $39,600 $38,400 $38,400 $38,400 $45,600 $45,600 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $54,744 $64,116 $39,600 $27,600 $39,600 $38,400 $38,400 $38,400 $45,600 $45,600 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $54,744 $64,116 $39,600 $27,600 $39,600 $38,400 $38,400 $38,400 $45,600 $45,600 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $40,800 $54,744 $64,116 $39,600 $27,600 $39,600 $38,400 $38,400 $38,400 $45,600 $45,600 $0 $0 $0 $0 $0 $0 $0 $39,600 $27,600 $39,600 $38,400 $38,400 $38,400 $45,600 $45,600 19 26 30 45 60 Total Payroll $1,544,939 $2,162,939 $2,162,849 $2,162,849 $2,162,849 7.0 Financial Plan SAT expects to raise $2.5 million in private investment for start-up costs for the first three years. An additional $50 million in financing is expected to be raised in an initial public offering that is scheduled to occur between years three-five. This will provide the bulk of the financing required to grow operations at the planned rate. The financial picture is quite encouraging. We have been slow to take on debt, but with our increase in sales we do expect to apply for a credit line with the bank, to a limit of $150,000. The credit line is easily supported by assets. We do expect to be able to take some money out as dividends. The owners don't take overly generous salaries, so some draw is appropriate, The projected financial plan is very sound. The investment gives SAT the ability to take 50% of the profits (after tax) as dividends at the end of year two and to self fund expansion by one additional plant per year. The projected cash flow is outstanding and will enable SAT to be even more aggressive in our expansion plans. As mentioned throughout this Business Plan, each plant will produce a maximum of 100,000 towers per year, which is very low in comparison to the demand for towers. In addition to the expansion within the U.S., overseas licensing projects will be developed, from which we will create additional revenue streams through licensing fees, royalties, and other contractual payments. SAT may also enter into other joint ventures or partnerships to license other entities to manufacture and market the Ascension Tower not only in the U.S. but also worldwide. Page 18

  23. Standard Ascension Tower Corp Going public will have a positive effect on S.A.T. sales ability. Replacing the company's debt will afford the opportunity to reduce the overall burden rate. This will give SAT a competitive advantage when compared to similar-sized companies because they are carrying debt. With this expansion and improved burden rate, SAT will be a stronger force in the manufacturing industry marketplace. The financial strength that will be achieved with this type of expansion will give SAT the capacity to establish a larger, more diversified customer base which will generate increased sales revenue. This is an exponential growth opportunity for the company. The company also rollup companies within its industry with a round of upbringing in year three then it will reverse merger with competition. 7.1 Start-up Funding The start-up costs of S.A.T. will consist primarily of inventory, equipment and fixtures. Private investors will invest $36,000,000 in cash, benefits and labor to the start up. The PPM will acquire an additional $16,000,000. Table: Start-up Funding Start-up Funding Start-up Expenses to Fund Start-up Assets to Fund Total Funding Required $945,430 $675,000 $1,620,430 Assets Non-cash Assets from Start-up Cash Requirements from Start-up Additional Cash Raised Cash Balance on Starting Date Total Assets $550,000 $125,000 $50,209,570 $50,334,570 $50,884,570 Liabilities and Capital Liabilities Current Borrowing Long-term Liabilities Accounts Payable (Outstanding Bills) Other Current Liabilities (interest-free) Total Liabilities $20,000 $0 $60,000 $2,000,000 $2,080,000 Capital Planned Investment PPM Joseph Lawn Shannon Lopez $16,000,000 $15,000,000 $250,000 Page 19

  24. Standard Ascension Tower Corp Kevin Claxton (Deal Flow) Bonnie Frank Michael Moat Keanu Dhubea Additional Investment Requirement Total Planned Investment $10,000,000 $5,000,000 $2,000,000 $1,500,000 $0 $49,750,000 Loss at Start-up (Start-up Expenses) Total Capital ($945,430) $48,804,570 Total Capital and Liabilities $50,884,570 Total Funding $51,830,000 7.2 Important Assumptions McKnight's Financial Plan relies on several important assumptions - most of which are shown in the following table. The key assumptions are:    Sufficient access to capital. Steady economy without a major recession. No unforeseen drastic consumer changes. Interest rates, tax rates, and personnel burdens are based on conservative assumptions. 7.3 Break-even Analysis The break-even analysis demonstrates that SAT will have a sales level running comfortably above break-even starting in year two. Depending on which pricing model is used - royalties, licensing, or both - average per-unit revenue could vary significantly, but the breakeven point that is given is a fair estimate given our revenue projections. The business will have very few fixed costs - most equipment can be leased, as will the real estate for our offices. All costs are expected to be variable for modeling purposes, giving the company flexibility to adapt as needs and environmental conditions may change. As volume increases, average per-unit variable costs will significantly decrease. Table: Break-even Analysis Break-even Analysis Monthly Units Break-even Monthly Revenue Break-even 5 $296,691 Assumptions: Average Per-Unit Revenue Average Per-Unit Variable Cost $63,684.07 $13,967.59 Page 20

  25. Standard Ascension Tower Corp Estimated Monthly Fixed Cost $231,619 Chart: Break-even Analysis 7.4 Projected Profit and Loss Profit potential and durability SAT is expected to be net income positive beginning in its second full year of operations. Profitability is expected to grow rapidly following year two, once the business is able to leverage the investment from the year two ramp up. SAT has the potential to be an enduring standalone business, supported by a diversified revenue stream with the opportunity to expand into other sub- segments in the communication sector and new verticals for long-term growth. A snapshot of our manufacturing facilities profit and loss table, Page 21

  26. Standard Ascension Tower Corp Pro Forma Manufacturing Facility Profit and Loss Year 1 $498,974 $353,970 Year 2 Year 3 Year 4 Year 5 Sales Direct Cost of Sales Other Production Expenses Total Cost of Sales $4,082,552 $2,712,810 $9,966,045 $6,340,725 $16,161,144 $9,895,320 $21,919,704 $13,092,120 $0 $0 $0 $0 $0 $353,970 $2,712,810 $6,340,725 $9,895,320 $13,092,120 Gross Margin Gross Margin % $145,004 29.06% $1,369,742 33.55% $3,625,320 36.38% $6,265,824 38.77% $8,827,584 40.27% Expenses Payroll Sales Collateral Marketingl Stationery Travel Trade Shows Advertising New York - Rent New York - Telephone System New York - Telephone Charges New York - Utilities New York - Furniture New York - Office Equipment/Networking New York - Internet Access New York - Misc./Office Supplies Outsourced Development - Discovery Outsourced Development - Inception Outsourced Development - Elaboration Outsourced Development - Construction Outsourced Development - Production Outsourced Services - Accounting Outsourced Services - Legal Laptop Computers Desktop Computers Development/Staging Software Licenses/Tools Production Hosting Maintenance/Support Monitoring Services Indiana/Tennessee- Rent Indiana/Tennessee - Telephone System Indiana/Tennessee -Telephone Charges Indiana/Tennessee - Utilities Indiana/Tennessee - Furniture Indiana/Tennessee - Office Equipment/N Indiana/Tennessee - Internet Access Indiana/Tennessee - Misc./Office Supplies Other $479,665 $45,000 $60,000 $1,000 $60,000 $30,000 $80,000 $48,750 $5,500 $3,550 $2,000 $7,500 $13,000 $2,000 $2,000 $85,000 $53,000 $69,000 $370,000 $43,000 $25,000 $35,000 $13,000 $7,000 $30,000 $10,000 $68,500 $15,000 $6,750 $27,080 $4,000 $3,000 $2,000 $5,000 $6,000 $1,000 $2,000 $596,000 $30,000 $30,000 $2,000 $60,000 $30,000 $70,000 $45,000 $1,000 $4,800 $2,000 $1,000 $1,000 $2,000 $2,000 $613,110 $30,000 $30,000 $2,000 $60,000 $30,000 $70,000 $45,000 $1,000 $4,800 $2,000 $1,000 $1,000 $2,000 $2,000 $643,765 $30,000 $30,000 $2,000 $60,000 $30,000 $80,000 $45,000 $1,000 $4,800 $2,000 $1,000 $1,000 $2,000 $2,000 $675,954 $30,000 $30,000 $2,000 $60,000 $30,000 $80,000 $45,000 $1,000 $4,800 $2,000 $1,000 $1,000 $2,000 $2,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $25,000 $30,000 $5,000 $2,000 $4,000 $1,000 $84,000 $15,000 $10,000 $25,000 $500 $3,000 $2,000 $1,000 $1,000 $1,000 $2,000 $25,000 $30,000 $5,000 $2,000 $4,000 $1,000 $84,000 $15,000 $10,000 $25,000 $500 $3,000 $2,000 $1,000 $1,000 $1,000 $2,000 $25,000 $30,000 $15,000 $10,000 $8,000 $2,000 $108,000 $15,000 $10,000 $25,000 $500 $3,000 $2,000 $1,000 $1,000 $1,000 $2,000 $25,000 $30,000 $5,000 $2,000 $4,000 $2,000 $108,000 $15,000 $10,000 $25,000 $500 $3,000 $2,000 $1,000 $1,000 $1,000 $2,000 $0 $0 $0 $0 $0 Total Operating Expenses $1,720,295 $1,088,300 $1,105,410 $1,193,065 $1,203,254 Profit Before Interest and Taxes EBITDA Interest Expense Taxes Incurred ($1,575,291) ($1,575,291) $281,442 $281,442 $2,519,910 $2,519,910 $5,072,759 $5,072,759 $7,624,330 $7,624,330 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Net Profit Net Profit/Sales ($1,575,291) -315.71% $281,442 6.89% $2,519,910 25.28% $5,072,759 31.39% $7,624,330 34.78% Page 22

  27. Standard Ascension Tower Corp NOTES TO PROJECTED FINANCIAL STATEMENTS NOTE 1 - MATERIALS COST The raw materials, recycled scrap, will be provided on an as needed basis. No large stock piles of material or inventories of recycled scrap shall be stored at the manufacturing site. The main ingredient of an SAT tower will be recycled scrap that has been processed to specific structural specs and dimensions. There is three million tons of scrap of scrap in the Western New York area that can be procured. SAT will purchase scrap from recyclers in the area and in Canada processor, and has estimated the cost of material at ($373 per ton). It should be noted that SAT is working closely with the NY Natural Resource and Conservation Commission and SAT and with our business status may even have an opportunity to acquire surplus scrap for less costs. New York now produces approximately 200,000 tons of scrap annually. In addition, the current NY Legislature is considering paying manufacturers of products using recycled scrap, ($35 per ton) as an incentive to increase production of products using scrap steel. NOTE 2 - DIRECT LABOR (Production Payroll) and PAYROLL BURDEN Projected Direct Labor includes the salary and wages for those employees directly involved in the tower production process in the plant and is reflected in Topic 6.1. Payroll burden is estimated at 23% (FICA 6.20%; Medicare 1.45%; FUTA .80%; State Unemployment 3.00%; Workers Compensation and Employee Health Benefits 11.55%). The total Direct Labor cost includes payroll burden and other direct costs such as utilities, building repairs and maintenance, plus plant supplies estimated at 5%. NOTE 3 - ROYALTIES The Licensing Agreement requires payment of a of gross sales to founders as royalties. This may be paid quarterly or monthly (5% has been used throughout these projections). There will be no royalties for the first 12 months of production to help the cash flow of the company. NOTE 4 -GENERAL & ADMINISTRATIVE WAGES AND PAYROLL BURDEN The company will employ Management and clerical staff as appears in the Personnel table, Topic 6.1. Additional management members and marketing representatives will be added as needed throughout the growth of the company. Payroll burden estimated at 23% including taxes, W/C, health and employee benefits. During the six-month start-up phase and thereafter, the company will employ experts in the industry as consultants. NOTE 5 - DEPRECIATION Machinery and equipment is being depreciated over 10 years, property over 30 years. NOTE 6 - OFFICE EXPENSES Provision has been made for estimated general office expenses. Computers and office Page 23

  28. Standard Ascension Tower Corp equipment costing $15,000 is included in the initial start-up budget and Expensed Equipment. The amount budgeted for Year One is $12,000, which will increase at the rate of $12,000 per year with each additional plant. NOTE 7 - MARKETING and SALES Management anticipates strong demand for the Ascension Towers and technologies creating a real challenge for production to keep up with the demand. Back orders are expected and sales on advanced production should drive expansion. With many potential customers identified, who currently has a need for replacement towers as well as new towers for infrastructure plans, we will approach the expansion of our national sales force, carefully. SAT does not want a large sales force with production sold out for months in advance. A budget in this category will be used for sales representatives or commissions on sales and is budgeted accordingly for year one. Based on attendance at conventions and trade shows it is anticipated that our targeted markets will absorb all our production for many years. A Marketing Director will be acquired to develop goals and strategies with the board of directors. SAT plans to hire this qualified director in year one. Sales representatives with engineering degrees will be hired and it is anticipated they will receive a base salary with commissions of 2.5%. The budget takes these assumptions into consideration. NOTE 8 - MACHINERY MAINTENANCE The initial production line machinery will be in good working order, nevertheless, SAT will plan for future parts maintenance and replacement. This budget grows as more machinery and plants are established. NOTE 9 - TAXES The "taxes incurred" appearing in the P&L represents State of New York, Tennessee and Indiana Franchise taxes and Federal Income Taxes for a total of 34%. The Profit and Loss table for the first 12 months appears in the appendix. expects to continue its steady growth in profitability over the next three years of operations. Table: Profit and Loss Pro Forma Profit and Loss Year 1 Year 2 Year 3 Year 4 Year 5 Sales Direct Cost of Sales Other Costs of Sales Total Cost of Sales $7,947,835,943 $1,743,169,588 $110,121 $1,743,279,709 $16,742,060,932 $3,614,443,557 $134,560 $3,614,578,117 $23,384,972,100 $5,090,797,425 $143,547 $5,090,940,972 $38,032,382,990 $8,546,016,406 $175,489 $8,546,191,895 $68,068,703,528 $15,737,115,282 $189,657 $15,737,304,939 Gross Margin Gross Margin % $6,204,556,234 78.07% $13,127,482,815 $18,294,031,128 $29,486,191,096 $52,331,398,589 78.41% 78.23% 77.53% 76.88% Page 24

  29. Standard Ascension Tower Corp Expenses Payroll Marketing/Promotion Depreciation Rent Utilities Insurance Payroll Taxes Other $2,162,939 $55,577 $63,613 $55,934 $11,760 $23,100 $324,441 $82,060 $2,162,939 $58,500 $175,230 $110,456 $34,670 $43,000 $324,441 $105,600 $2,162,849 $64,300 $2,162,849 $4,560 $325,000 $210,450 $67,080 $125,540 $324,427 $105,600 $2,162,849 $0 $284 $445,000 $210,450 $154,650 $125,540 $324,427 $105,600 $165,430 $47,650 $105,600 $324,427 $105,600 Total Operating Expenses $2,779,424 $3,014,836 $2,976,141 $3,325,506 $3,528,516 Profit Before Interest and Taxes EBITDA Interest Expense Taxes Incurred $6,201,776,810 $6,201,840,423 $13,132,951,401 $13,133,126,631 $18,325,414,880 $18,325,415,165 $29,553,803,461 $29,554,128,461 $52,432,673,860 $52,433,118,860 $8,250 $16,250 $14,730 $13,210 $11,710 $1,860,530,568 $3,939,880,545 $5,497,620,045 $8,866,137,075 $15,729,798,645 Other Income Engineering Services Network Installation Services Site Acquisition Total Other Income $0 $0 $0 $0 $3,400,000 $3,000,000 $2,100,000 $8,500,000 $4,500,000 $26,000,000 $4,200,000 $34,700,000 $12,500,000 $52,000,000 $6,780,000 $71,280,000 $12,576,000 $84,003,345 $8,545,009 $105,124,354 Other Expense Pension Contributions Currency Exchange transactions Total Other Expense $0 $0 $0 $0 $320,567 $19,540 $340,107 $320,567 $21,561 $342,128 $320,567 $378,56 $320,567 $16,578 $16,578 Net Other Income Net Profit Net Profit/Sales $0 $8,483,422 $9,193,054,606 54.91% $34,359,893 $12,827,780,105 $70,937,872 $20,687,653,176 $104,803,787 $36,702,863,505 $4,341,237,992 54.62% 54.85% 54.39% 53.92% Page 25

  30. Standard Ascension Tower Corp Chart: Profit Monthly Chart: Profit Yearly Page 26

  31. Standard Ascension Tower Corp Chart: Gross Margin Monthly Chart: Gross Margin Yearly 7.5 Projected Cash Flow Although we expect to be more profitable in the second year for operation, we need to invest $2,000,000 in new assembly and manufacturing equipment, plus an additional $45,000 in new Page 27

  32. Standard Ascension Tower Corp computer equipment, and another $20,000 in miscellaneous short-term assets, including office equipment. Table: Cash Flow Pro Forma Cash Flow Year 1 Year 2 Year 3 Year 4 Year 5 Cash Received Cash from Operations Cash Sales Cash from Receivables Subtotal Cash from Operations $3,973,917,972 $2,227,678,268 $6,201,596,240 $8,371,030,466 $6,438,828,424 $14,809,858,890 $11,692,486,050 $10,232,954,762 $21,925,440,812 $19,016,191,495 $15,797,970,758 $34,814,162,253 $34,034,351,764 $27,434,993,669 $61,469,345,433 Additional Cash Received Non Operating (Other) Income Sales Tax, VAT, HST/GST Received New Current Borrowing New Other Liabilities (interest-free) New Long-term Liabilities Sales of Other Current Assets Sales of Long-term Assets New Investment Received Subtotal Cash Received $0 $8,500,000 $4,018,094,624 $34,700,000 $5,612,393,304 $71,280,000 $9,127,771,918 $105,124,354 $16,336,488,847 $1,907,480,626 $150,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $1,000,000 $100,000,000 $27,673,534,116 $43,550,000 $8,152,776,866 $18,836,453,514 $44,013,214,171 $77,910,958,634 Expenditures Year 1 Year 2 Year 3 Year 4 Year 5 Expenditures from Operations Cash Spending Bill Payments Subtotal Spent on Operations $2,162,939 $2,122,759,167 $2,124,922,106 $2,162,939 $7,942,187,304 $7,944,350,243 $2,162,849 $10,093,768,329 $10,095,931,178 $2,162,849 $16,415,277,742 $16,417,440,591 $2,162,849 $29,436,963,177 $29,439,126,026 Additional Cash Spent Non Operating (Other) Expense Sales Tax, VAT, HST/GST Paid Out Principal Repayment of Current Borrowing Other Liabilities Principal Repayment Long-term Liabilities Principal Repayment Purchase Other Current Assets Purchase Long-term Assets Dividends Subtotal Cash Spent $0 $16,578 $340,107 $342,128 $320,567 $1,907,480,626 $4,018,094,624 $5,612,393,304 $9,127,771,918 $16,336,488,847 $0 $15,000 $15,400 $15,000 $15,000 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $30,000 $2,500,000 $35,500 $1,000,000 $6,000,000 $11,969,511,945 $35,500 $2,000,000 $7,500,000 $15,718,215,489 $0 $8,400,000 $25,553,969,637 $10,560,000 $45,786,510,440 $4,034,932,732 Net Cash Flow Cash Balance $4,117,844,134 $4,168,178,704 $6,866,941,569 $11,035,120,273 $11,955,318,628 $22,990,438,901 $18,459,244,534 $41,449,683,435 $32,124,448,194 $73,574,131,629 Page 28

  33. Standard Ascension Tower Corp Chart: Cash 7.6 Projected Balance Sheet The Projected annual financial balances are shown in the following table. The balances for the first 12 months are presented in the appendix. Table: Balance Sheet Pro Forma Balance Sheet Year 1 Year 2 Year 3 Year 4 Year 5 Assets Current Assets Cash Accounts Receivable Inventory Other Current Assets Total Current Assets $4,168,178,704 $1,746,239,703 $102,575,464 $55,000 $6,017,048,872 $11,035,120,273 $3,678,441,745 $156,135,629 $22,990,438,901 $5,137,973,032 $149,378,793 $126,000 $28,277,916,727 $41,449,683,435 $8,356,193,770 $298,882,434 $126,000 $50,104,885,638 $73,574,131,629 $14,955,551,864 $603,733,525 $126,000 $89,133,543,019 $90,500 $14,869,788,147 Long-term Assets Long-term Assets Accumulated Depreciation Total Long-term Assets Total Assets Liabilities and Capital $3,000,000 $63,613 $2,936,387 $6,019,985,259 $4,000,000 $238,843 $3,761,157 $14,873,549,304 $5,000,000 $239,127 $4,760,873 $28,282,677,600 $5,000,000 $564,127 $4,435,873 $50,109,321,511 $5,000,000 $1,009,127 $3,990,873 $89,137,533,891 Year 1 Year 2 Year 3 Year 4 Year 5 Current Liabilities Accounts Payable Current Borrowing Other Current Liabilities Subtotal Current Liabilities Long-term Liabilities Total Liabilities $1,584,222,696 $170,000 $2,000,000 $1,586,392,696 $1,250,747,136 $155,000 $2,000,000 $1,252,902,136 $1,739,610,726 $139,600 $2,000,000 $1,741,750,326 $2,887,016,462 $124,600 $2,000,000 $2,889,141,062 $5,222,940,337 $109,600 $2,000,000 $5,225,049,937 $0 $0 $0 $0 $0 $1,586,392,696 $1,252,902,136 $1,741,750,326 $2,889,141,062 $5,225,049,937 $93,300,000 $93,300,000 $193,300,000 $193,300,000 $193,300,000 Page 29

  34. Standard Ascension Tower Corp Paid-in Capital Retained Earnings Earnings Total Capital Total Liabilities and Capital ($945,430) $4,341,237,992 $4,433,592,562 $6,019,985,259 $4,334,292,562 $9,193,054,606 $13,620,647,168 $14,873,549,304 $13,519,847,168 $12,827,780,105 $26,540,927,273 $28,282,677,600 $26,339,227,273 $20,687,653,176 $47,220,180,449 $50,109,321,511 $47,016,320,449 $36,702,863,505 $83,912,483,954 $89,137,533,891 $4,433,592,562 $13,620,647,168 $26,540,927,273 $47,220,180,449 $83,912,483,954 Net Worth 7.7 Business Ratios Standard business ratios are included in the following table. The ratios show an aggressive plan for growth in order to reach maximum production within three years. Return on investment increases each year as we bring the new facility to maximum capacity and production. Return on sales and assets remain strong and cost of goods decreases based upon efficiency projections. Projections are based on the 2021/2022 selling price. Table: Ratios Ratio Analysis Industry Profile 1.84% Year 1 Year 2 Year 3 Year 4 Year 5 Sales Growth n.a. 110.65% 39.68% 62.64% 78.98% Percent of Total Assets Accounts Receivable Inventory Other Current Assets Total Current Assets Long-term Assets Total Assets 29.01% 1.70% 0.00% 99.95% 0.05% 100.00% 24.73% 1.05% 0.00% 99.97% 0.03% 100.00% 18.17% 0.53% 0.00% 99.98% 0.02% 100.00% 16.68% 0.60% 0.00% 99.99% 0.01% 100.00% 16.78% 0.68% 0.00% 100.00% 0.00% 100.00% 35.65% 11.38% 31.89% 78.92% 21.08% 100.00% Current Liabilities Long-term Liabilities Total Liabilities Net Worth 26.35% 0.00% 26.35% 73.65% 8.42% 0.00% 8.42% 91.58% 6.16% 0.00% 6.16% 93.84% 5.77% 0.00% 5.77% 94.23% 5.86% 0.00% 5.86% 94.14% 38.73% 34.70% 73.43% 26.57% Percent of Sales Sales Gross Margin Selling, General & Administrative Expenses Advertising Expenses Profit Before Interest and Taxes 100.00% 78.07% 100.00% 78.41% 100.00% 78.23% 100.00% 77.53% 100.00% 76.88% 100.00% 34.07% 23.44% 23.50% 23.38% 23.13% 22.96% 12.22% 0.00% 78.03% 0.00% 78.44% 0.00% 78.36% 0.00% 77.71% 0.00% 77.03% 0.29% 5.46% Main Ratios Current Quick Total Debt to Total Assets Pre-tax Return on Net Worth Pre-tax Return on Assets 3.79 3.73 11.87 11.74 8.42% 96.42% 88.30% 16.24 16.15 6.16% 69.05% 64.79% 17.34 17.24 5.77% 62.59% 58.98% 17.06 16.94 5.86% 62.48% 58.82% 1.87 1.57 26.35% 139.88% 103.02% 73.43% 77.70% 20.64% Page 30

  35. Standard Ascension Tower Corp Year 1 Year 2 Year 3 Year 4 Year 5 Additional Ratios Net Profit Margin Return on Equity n.a n.a 54.62% 97.92% 54.91% 67.49% 54.85% 48.33% 54.39% 43.81% 53.92% 43.74% Activity Ratios Accounts Receivable Turnover Collection Days Inventory Turnover Accounts Payable Turnover Payment Days Total Asset Turnover n.a n.a n.a n.a n.a n.a 2.28 52 48.00 2.34 2.28 118 27.94 6.08 2.28 138 33.33 6.08 2.28 130 38.13 6.08 2.28 125 34.87 6.08 48 68 52 48 47 1.32 1.13 0.83 0.76 0.76 Debt Ratios Debt to Net Worth Current Liab. to Liab. n.a n.a 0.36 1.00 0.09 1.00 0.07 1.00 0.06 1.00 0.06 1.00 Liquidity Ratios n.a n.a Net Working Capital Interest Coverage $4,430,656,175 $13,616,886,011 $26,536,166,401 $47,215,744,576 $83,908,493,081 751,730.52 808,181.62 1,244,087.91 2,237,229.63 4,477,598.11 Additional Ratios Assets to Sales Current Debt/Total Assets Acid Test Sales/Net Worth Dividend Payout n.a n.a n.a n.a n.a 0.76 26% 2.63 1.79 0.00 0.89 8% 8.81 1.23 0.00 1.21 6% 13.20 0.88 0.00 1.32 6% 14.35 0.81 0.00 1.31 6% 14.08 0.81 0.00 7.8 Long-term Plan In addition to the enclosed financial information contained in this Business Plan, SAT would like to make the following observations that were not emphasized in this Business Plan: The Business Plan covers five years of activities. We consider the financial projections in the Business Plan as conservative. As an example; since May 2021, SAT's CEO, Larry Jordan has met and or corresponded with representatives of companies US to the Far East. These companies recognize the value of the Ascension Tower and have shown an interest in purchasing and or licensing the technology in order to manufacture and market the towers in their countries (in some cases with our participation). The Business Plan does not include any income from licensing fees or royalties from foreign entities. Revenues will include some benefits from State or Federal level subsidies or grants for ascertain scrap, which are available. There are States that are offering participation in funding new companies in high tech (see Appendix ). SAT and its Board of Directors believe that demand for Ascension Towers and technologies may cause expansion plans to be reviewed and changed, assuming demand will be high. After initial exposure of Ascension Tech to the market, additional plants may need to be installed sooner than the company growth plan calls for. As previously mentioned, a division or subsidiary of SAT will be proposed to manage the tower leasing aspect of sales, which will afford Tower companies and Carriers the option to change over their entire inventories of standard towers to the Ascension Tech on a "lease to purchase" plan. SAT anticipates substantial revenues and success in the tower leasing market. Page 31

  36. Standard Ascension Tower Corp Furthermore advertising will be another huge revenue stream as well that will be another subsidiary not included in these financial. Page 32

  37. Standard Ascension Tower Corp Table: Sales Forecast Sales Forecast Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Unit Sales Ascension 1.0 150 183 223 272 332 405 494 603 736 898 1,096 1,337 Ascension 2.0 35 49 69 97 136 190 266 372 521 729 1,021 1,429 Ascension 3.0 250 285 325 370 422 481 548 625 712 812 926 1,056 Retractable Boom 100 153 234 358 548 838 1,282 1,961 3,000 4,590 7,023 10,745 SRWS 40 74 137 253 468 866 1,602 2,964 5,483 10,144 18,766 34,717 Total Unit Sales 575 744 988 1,350 1,906 2,780 4,192 6,525 10,452 17,173 28,832 49,284 Unit Prices Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Ascension 1.0 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 $234,007.00 Ascension 2.0 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 $275,000.00 Ascension 3.0 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 $425,000.00 Retractable Boom $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 $12,500.00 SRWS $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 $23,060.00 Sales Ascension 1.0 $35,101,050 $42,823,281 $52,183,561 $63,649,904 $77,690,324 $94,772,835 $115,599,458 $141,106,221 $172,229,152 $210,138,286 $256,471,672 $312,867,359 Ascension 2.0 $9,625,000 $13,475,000 $18,975,000 $26,675,000 $37,400,000 $52,250,000 $73,150,000 $102,300,000 $143,275,000 $200,475,000 $280,775,000 $392,975,000 Ascension 3.0 $106,250,000 $121,125,000 $138,125,000 $157,250,000 $179,350,000 $204,425,000 $232,900,000 $265,625,000 $302,600,000 $345,100,000 $393,550,000 $448,800,000 Retractable Boom $1,250,000 $1,912,500 $2,925,000 $4,475,000 $6,850,000 $10,475,000 $16,025,000 $24,512,500 $37,500,000 $57,375,000 $87,787,500 $134,312,500 SRWS $922,400 $1,706,440 $3,159,220 $5,834,180 $10,792,080 $19,969,960 $36,942,120 $68,349,840 $126,437,980 $233,920,640 $432,743,960 $800,574,020 Total Sales $153,148,450 $181,042,221 $215,367,781 $257,884,084 $312,082,404 $381,892,795 $474,616,578 $601,893,561 $782,042,132 $1,047,008,926 $1,451,328,132 $2,089,528,879 Direct Unit Costs Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Ascension 1.0 Ascension 2.0 Ascension 3.0 Retractable Boom SRWS 25.00% 25.00% 25.00% 25.00% 11.00% $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 $58,501.75 $68,750.00 $106,250.00 $3,125.00 $2,536.60 Page 33

  38. Standard Ascension Tower Corp Direct Cost of Sales Ascension 1.0 $8,775,263 $10,705,820 $13,045,890 $15,912,476 $19,422,581 $23,693,209 $28,899,865 $35,276,555 $43,057,288 $52,534,572 $64,117,918 $78,216,840 Ascension 2.0 $2,406,250 $3,368,750 $4,743,750 $6,668,750 $9,350,000 $13,062,500 $18,287,500 $25,575,000 $35,818,750 $50,118,750 $70,193,750 $98,243,750 Ascension 3.0 $26,562,500 $30,281,250 $34,531,250 $39,312,500 $44,837,500 $51,106,250 $58,225,000 $66,406,250 $75,650,000 $86,275,000 $98,387,500 $112,200,000 Retractable Boom $312,500 $478,125 $731,250 $1,118,750 $1,712,500 $2,618,750 $4,006,250 $6,128,125 $9,375,000 $14,343,750 $21,946,875 $33,578,125 SRWS $101,464 $187,708 $347,514 $641,760 $1,187,129 $2,196,696 $4,063,633 $7,518,482 $13,908,178 $25,731,270 $47,601,836 $88,063,142 Subtotal Direct Cost of Sales $38,157,977 $45,021,654 $53,399,654 $63,654,236 $76,509,710 $92,677,404 $113,482,248 $140,904,413 $177,809,216 $229,003,342 $302,247,879 $410,301,857 Page 34

  39. Standard Ascension Tower Corp Table: Personnel Personnel Plan Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 CEO $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 President $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 $12,000 VP of Marketing $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 Production Manager $4,300 $4,300 $4,300 $4,300 $4,300 $4,300 $4,300 $4,300 $4,300 $4,300 $4,300 $4,300 Vp of Sales $1,541 $1,541 $1,541 $1,541 $1,541 $1,541 $1,541 $1,541 $1,541 $1,541 $1,541 $1,541 Project Engineer $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 $5,500 Structural Engineer $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 Electrical Engineer $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 CAD/Drafter $3,750 $3,750 $3,750 $3,750 $3,750 $3,750 $3,750 $3,750 $3,750 $3,750 $3,750 $3,750 Vp of Finance $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 $6,000 Accountant $5,295 $5,295 $5,295 $5,295 $5,295 $5,295 $5,295 $5,295 $5,295 $5,295 $5,295 $5,295 HR $3,725 $3,725 $3,725 $3,725 $3,725 $3,725 $3,725 $3,725 $3,725 $3,725 $3,725 $3,725 Mechanical Engineer $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 Civil Engineer $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 Electrical Engineer $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 $5,800 PR $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 $4,500 CLO $5,000 $5,300 $5,618 $5,955 $6,312 $6,691 $7,092 $7,518 $7,969 $8,447 $8,954 $9,491 CTO $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 $8,000 Warehouse Worker $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 Warehouse Worker $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 $2,500 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Page 35

  40. Standard Ascension Tower Corp Machinist $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 $3,400 Inventory Control Manager $4,562 $4,562 $4,562 $4,562 $4,562 $4,562 $4,562 $4,562 $4,562 $4,562 $4,562 $4,562 Sr. Buyer, Purchasing $5,343 $5,343 $5,343 $5,343 $5,343 $5,343 $5,343 $5,343 $5,343 $5,343 $5,343 $5,343 Sr. Structural Detailer $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 Maintenance Technician $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 $2,300 Sr. Structural Detailer $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 $3,300 Welder $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 Welder $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 Civil Technician $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 $3,200 Tower Technician $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 Tower Technician $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 $3,800 Total People 4 5 6 7 8 9 11 11 13 15 17 19 Total Payroll $178,216 $178,516 $178,834 $179,171 $179,528 $179,907 $180,308 $180,734 $181,185 $181,663 $182,170 $182,707 Page 36

  41. Standard Ascension Tower Corp Table: Profit and Loss Pro Forma Profit and Loss Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Sales $153,148,450 $181,042,221 $215,367,781 $257,884,084 $312,082,404 $381,892,795 $474,616,578 $601,893,561 $782,042,132 $1,047,008,926 $1,451,328,132 $2,089,528,879 Direct Cost of Sales $38,157,977 $45,021,654 $53,399,654 $63,654,236 $76,509,710 $92,677,404 $113,482,248 $140,904,413 $177,809,216 $229,003,342 $302,247,879 $410,301,857 Other Costs of Sales $0 $0 $0 $0 $0 $0 $13,500 $14,058 $14,563 $21,425 $22,521 $24,054 Total Cost of Sales $38,157,977 $45,021,654 $53,399,654 $63,654,236 $76,509,710 $92,677,404 $113,495,748 $140,918,471 $177,823,778 $229,024,767 $302,270,400 $410,325,911 Gross Margin $114,990,474 $136,020,567 $161,968,127 $194,229,848 $235,572,694 $289,215,391 $361,120,830 $460,975,090 $604,218,354 $817,984,159 $1,149,057,732 $1,679,202,968 Gross Margin % 75.08% 75.13% 75.21% 75.32% 75.48% 75.73% 76.09% 76.59% 77.26% 78.13% 79.17% 80.36% Expenses Payroll $178,216 $178,516 $178,834 $179,171 $179,528 $179,907 $180,308 $180,734 $181,185 $181,663 $182,170 $182,707 Marketing/Promotion $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $25,600 $29,977 Depreciation $1,340 $1,474 $1,621 $1,783 $1,961 $2,157 $2,373 $3,505 $4,199 $5,344 $11,737 $26,119 Rent $2,100 $2,310 $2,541 $2,795 $3,075 $3,383 $3,721 $4,093 $4,502 $3,278 $12,145 $11,992 Utilities $320 $320 $320 $320 $320 $320 $320 $320 $2,300 $2,300 $2,300 $2,300 Insurance $1,400 $1,400 $1,400 $1,400 $1,400 $1,400 $2,450 $2,450 $2,450 $2,450 $2,450 $2,450 Payroll Taxes 15% $26,732 $26,777 $26,825 $26,876 $26,929 $26,986 $27,046 $27,110 $27,178 $27,249 $27,326 $27,406 Other $2,500 $2,925 $3,422 $4,004 $4,685 $5,481 $6,413 $7,503 $8,779 $10,271 $12,017 $14,060 Total Operating Expenses $212,609 $213,722 $214,963 $216,349 $217,898 $219,634 $222,631 $225,715 $230,593 $232,555 $275,744 $297,011 Profit Before Interest and Taxes $114,777,865 $135,806,845 $161,753,163 $194,013,500 $235,354,796 $288,995,757 $360,898,199 $460,749,375 $603,987,761 $817,751,604 $1,148,781,988 $1,678,905,957 EBITDA $114,779,205 $135,808,319 $161,754,784 $194,015,283 $235,356,757 $288,997,914 $360,900,572 $460,752,880 $603,991,960 $817,756,948 $1,148,793,725 $1,678,932,076 Interest Expense $167 $167 $167 $167 $167 $167 $167 $1,417 $1,417 $1,417 $1,417 $1,417 Taxes Incurred $34,433,309 $40,742,003 $48,525,899 $58,204,000 $70,606,389 $86,698,677 $108,269,410 $138,224,388 $181,195,903 $245,325,056 $344,634,171 $503,671,362 Other Income Engineering Services $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Page 37

  42. Standard Ascension Tower Corp Network Installation Services $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Site Acquisition $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Other Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Expense Pension Contributions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Currency Exchange transactions $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Total Other Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Net Other Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Net Profit $80,344,389 $95,064,675 $113,227,098 $135,809,333 $164,748,241 $202,296,913 $252,628,623 $322,523,571 $422,790,441 $572,425,131 $804,146,400 $1,175,233,178 Net Profit/Sales 52.46% 52.51% 52.57% 52.66% 52.79% 52.97% 53.23% 53.58% 54.06% 54.67% 55.41% 56.24% Page 38

  43. Standard Ascension Tower Corp Table: Cash Flow Pro Forma Cash Flow Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Cash Received Cash from Operations Cash Sales $76,574,225 $90,521,111 $107,683,891 $128,942,042 $156,041,202 $190,946,398 $237,308,289 $300,946,781 $391,021,066 $523,504,463 $725,664,066 $1,044,764,440 Cash from Receivables $0 $2,552,474 $77,039,121 $91,093,203 $108,392,496 $129,845,347 $157,204,709 $192,491,794 $239,429,572 $303,949,257 $395,437,179 $530,243,116 Subtotal Cash from Operations $76,574,225 $93,073,585 $184,723,012 $220,035,245 $264,433,698 $320,791,745 $394,512,998 $493,438,574 $630,450,638 $827,453,720 $1,121,101,245 $1,575,007,556 Additional Cash Received Non Operating (Other) Income $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales Tax, VAT, HST/GST Received 24.00% $36,755,628 $43,450,133 $51,688,267 $61,892,180 $74,899,777 $91,654,271 $113,907,979 $144,454,455 $187,690,112 $251,282,142 $348,318,752 $501,486,931 New Current Borrowing $0 $0 $0 $0 $0 $0 $0 $150,000 $0 $0 $0 $0 New Other Liabilities (interest-free) $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Long-term Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Other Current Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales of Long-term Assets $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Investment Received $4,500,000 $10,000,000 $13,500,000 $0 $0 $0 $0 $0 $0 $0 $15,550,000 $0 Subtotal Cash Received $117,829,853 $146,523,718 $249,911,279 $281,927,425 $339,333,475 $412,446,016 $508,420,976 $638,043,029 $818,140,750 $1,078,735,862 $1,484,969,997 $2,076,494,487 Expenditures Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Expenditures from Operations Cash Spending $178,216 $178,516 $178,834 $179,171 $179,528 $179,907 $180,308 $180,734 $181,185 $181,663 $182,170 $182,707 Bill Payments $30,000 $2,752,967 $82,333,148 $88,064,851 $104,734,819 $125,321,079 $151,469,516 $184,907,433 $228,974,312 $288,782,999 $372,255,935 $493,132,107 Subtotal Spent on Operations $208,216 $2,931,483 $82,511,982 $88,244,022 $104,914,347 $125,500,986 $151,649,824 $185,088,167 $229,155,497 $288,964,662 $372,438,105 $493,314,814 Additional Cash Spent Non Operating (Other) Expense $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Sales Tax, VAT, HST/GST Paid Out $36,755,628 $43,450,133 $51,688,267 $61,892,180 $74,899,777 $91,654,271 $113,907,979 $144,454,455 $187,690,112 $251,282,142 $348,318,752 $501,486,931 Page 39

  44. Standard Ascension Tower Corp Principal Repayment of Current Borrowing $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Other Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Long-term Liabilities Principal Repayment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Purchase Other Current Assets $15,000 $0 $0 $0 $0 $0 $0 $15,000 $0 $0 $0 $0 Purchase Long-term Assets $1,000,000 $0 $0 $0 $0 $0 $0 $0 $1,500,000 $0 $0 $0 Dividends $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 Subtotal Cash Spent $37,978,844 $46,381,616 $134,200,250 $150,136,202 $179,814,124 $217,155,257 $265,557,803 $329,557,622 $418,345,609 $540,246,805 $720,756,857 $994,801,745 $195,290,759 $832,640,043 $1,075,503,216 $1,383,988,624 $1,783,783,765 $2,322,272,822 $3,086,485,962 $4,168,178,704 Net Cash Flow $79,851,009 $100,142,102 $115,711,029 $131,791,224 $159,519,351 $242,863,173 $308,485,407 $399,795,141 $538,489,057 $764,213,140 $1,081,692,742 Cash Balance $130,185,579 $230,327,681 $346,038,710 $477,829,934 $637,349,284 Page 40

  45. Standard Ascension Tower Corp Table: Balance Sheet Pro Forma Balance Sheet Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Assets Starting Balances Current Assets $832,640,043 $1,075,503,216 $1,383,988,624 $1,783,783,765 $2,322,272,822 $3,086,485,962 $4,168,178,704 $341,786,226 $421,889,807 $530,344,793 $681,936,287 $23,169,351 $28,370,562 $35,226,103 $44,452,304 $40,000 $40,000 $55,000 $55,000 Cash Accounts Receivable Inventory Other Current Assets Total Current Assets $50,334,570 $130,185,579 $76,574,225 $9,539,494 $40,000 $216,339,298 $230,327,681 $164,542,861 $11,255,413 $40,000 $406,165,956 $346,038,710 $195,187,631 $13,349,914 $40,000 $554,616,254 $477,829,934 $233,036,469 $15,913,559 $40,000 $726,819,962 $637,349,284 $280,685,176 $19,127,427 $40,000 $937,201,888 $1,197,635,620 $1,525,803,585 $1,949,614,520 $2,510,227,356 $3,281,070,151 $4,393,821,312 $6,017,048,872 $901,491,493 $1,231,718,380 $1,746,239,703 $57,250,835 $75,561,970 $55,000 $55,000 $0 $25,000 $25,000 $102,575,464 $55,000 $50,384,570 Long-term Assets Long-term Assets Accumulated Depreciation Total Long-term Assets Total Assets $500,000 $1,500,000 $1,340 $1,498,660 $217,837,958 $1,500,000 $2,814 $1,497,186 $407,663,142 $1,500,000 $4,435 $1,495,565 $556,111,819 $1,500,000 $6,218 $1,493,782 $728,313,744 $1,500,000 $8,179 $1,491,821 $938,693,709 $1,199,125,284 $1,527,290,876 $1,951,098,306 $2,513,206,943 $3,284,044,394 $4,396,783,818 $6,019,985,259 $1,500,000 $10,336 $1,489,664 $1,500,000 $12,709 $1,487,291 $1,500,000 $16,214 $1,483,786 $3,000,000 $20,413 $2,979,587 $3,000,000 $25,757 $2,974,243 $3,000,000 $37,494 $2,962,506 $3,000,000 $63,613 $2,936,387 $0 $500,000 $50,884,570 Liabilities and Capital Month 1 Month 2 Month 3 Month 4 Month 5 Month 6 Month 7 Month 8 Month 9 Month 10 Month 11 Month 12 Current Liabilities $843,211,410 $1,136,254,434 $1,584,222,696 $170,000 $170,000 $2,000,000 $2,000,000 $845,381,410 $1,138,424,434 $1,586,392,696 Accounts Payable Current Borrowing Other Current Liabilities Subtotal Current Liabilities $60,000 $20,000 $2,000,000 $2,080,000 $82,168,999 $20,000 $2,000,000 $84,188,999 $166,929,508 $20,000 $2,000,000 $168,949,508 $188,651,088 $20,000 $2,000,000 $190,671,088 $225,043,680 $20,000 $2,000,000 $227,063,680 $270,675,404 $20,000 $2,000,000 $272,695,404 $328,810,067 $20,000 $2,000,000 $330,830,067 $404,347,035 $20,000 $2,000,000 $406,367,035 $505,480,895 $170,000 $2,000,000 $507,650,895 $644,799,090 $170,000 $2,000,000 $646,969,090 $170,000 $2,000,000 Long-term Liabilities Total Liabilities $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $845,381,410 $1,138,424,434 $1,586,392,696 $2,080,000 $84,188,999 $168,949,508 $190,671,088 $227,063,680 $272,695,404 $330,830,067 $406,367,035 $507,650,895 $646,969,090 Paid-in Capital Retained Earnings Earnings Total Capital Total Liabilities and Capital $49,750,000 ($945,430) $54,250,000 ($945,430) $80,344,389 $133,648,959 $217,837,958 $64,250,000 ($945,430) $175,409,064 $238,713,634 $407,663,142 $77,750,000 ($945,430) $288,636,161 $365,440,731 $556,111,819 $77,750,000 ($945,430) $424,445,494 $501,250,064 $728,313,744 $77,750,000 ($945,430) $589,193,735 $665,998,305 $938,693,709 $1,199,125,284 $1,527,290,876 $1,951,098,306 $2,513,206,943 $3,284,044,394 $4,396,783,818 $6,019,985,259 $77,750,000 ($945,430) $791,490,648 $1,044,119,271 $1,366,642,841 $1,789,433,283 $2,361,858,414 $3,166,004,814 $4,341,237,992 $868,295,218 $1,120,923,841 $1,443,447,411 $1,866,237,853 $2,438,662,984 $3,258,359,384 $4,433,592,562 $77,750,000 ($945,430) $77,750,000 ($945,430) $77,750,000 ($945,430) $77,750,000 ($945,430) $93,300,000 ($945,430) $93,300,000 ($945,430) $0 $48,804,570 $50,884,570 Page 41

  46. Standard Ascension Tower Corp $868,295,218 $1,120,923,841 $1,443,447,411 $1,866,237,853 $2,438,662,984 $3,258,359,384 $4,433,592,562 Net Worth $48,804,570 $133,648,959 $238,713,634 $365,440,731 $501,250,064 $665,998,305 Governmental Approvals SAT will apply for a University fi Budfallo for a ten year tax exemption available through the Start-up NY program (startup.ny.gov). This program requires a business to “Relocate to or expand within New York State, align with a college or university's academic mission, create new jobs and contribute to the economic development of the local community” in order to qualify for ten years of tax free status. Benefits include elimination for 10 years of:  NYS business taxes  Organizational taxes and license fees  Sales and use tax  Real estate and property taxes  Personal income taxes for those hired by the qualified company Recruitment and Selection of Employees Recruitment will be done through LinkedIn’s job search feature. As the business expands, SAT will be hiring call center technical support people. Subscription sales will determine hiring needs. Resumes and applications will be collected through LinkedIn’s job search application. A background check will be completed and a formal interview process will take place. Future developers will also be recruited through LinkedIn’s job search feature. With this team’s vast IT experience and network of connections, programmers may also be sought out through this avenue as well. A marketing professional, financial advisor and business manager will also be hired. These positions will also be posted on LinkedIn and go through the same interview process. Compensation and Ownership SAT’s first year compensation and ownership goal includes having enough cash flow to afford full time positions to all current stockholders in the company. The employees will make annual salaries of $35,000 until the company begins to receive income from sales. In years 2 and 3, SAT will increase their size with employees that are not owners. Possible stock options may be available to professional staff (marketing manager, business manager and new programmers) as part of their compensation. Page 42

  47. Standard Ascension Tower Corp Employee Reward and Incentive Plan At this time SAT is concentrating on bringing the rest of the ownership team into the business in a full time capacity. Rewards and incentives will be looked at when the company has enough cash flow to cover all expenses. Once the core team is working full time and call center staff is brought in, a yearly raise based on a standard appraisal review will be put into effect. SAT intends to use an outside sales force made up of 1099 sub-contractors. The Sales Force will consist of sales people already selling food- related items to restaurants and independent sales reps found through advertisements on Craig’s List. Sales will receive a commission of up to $250 per sale. Since they are 1099 sub-contractors, Food Order will not be burdened with hiring costs, salaries, unemployment, liability or disability insurance for these individuals. The incentive program would be the sales commission they receive for successfully signing a new client into SAT. Communication During year one of operation, SAT will be very small, with the goal of having 7 to 8 full time employees by the end of the year. Communication at this point will include weekly updates. Communication to the sales force will be done through an internal web page that our team of IT experts can set up and maintain. Once the company grows and a Call Center has been established, we do recommend that a more official Company Handbook be adopted. An outline of important topics to cover is included. SAT should strive to have this handbook together by Year 2 as non-owner employees are starting to be hired. Page 43