GLOSCORE PHILIPPINES, INC.

Aging of COLLECTIBLES
af of July 31, 2007

AGE 2006 Application P.O.# Project End Date billed SI Date INV. # Remarks AMOUNT

Holy Angels University Flextorch Projects 10091 103,228.23

243 days Titanium Pasay Epoxy Injection W4D-01422 11.30.07 2677 whole Contract Amount 25,000.00

202 days FR Sevilla Ind'l & Dev't Corp. PU Injection 092-A 01.16.07 2682-2687 429,941.18

85 days Monolith Construction & Dev't Corp. Polyurethane Foam 140667 05.16.07 letter of release Retention 10,847.74

96 days Legend Hotel Int'l Kaloocan Polyurethane Foam KHK-00909 03.31.07 2703-2704 42,310.26

40 days Fortune Tobacco Corp. Polyurethane Foam CD-06-2006 02.21.07 2698-2699 Retention 330,850.00

Metro StoneRich Corp. Flextorch Projects 60285 Balance of Work 30,000.00

2007

190 days Republic Steel tube Inc. Polyurehtane Foam 3508-3509-3510 01.22.07 Retention 68,065.88 MAA-

41 days Bluetorch construction Epoxy Tank Lining Conforme 06.20.07 Final Billing 45,882.50 MAA/after retouching of tank lining August 8 retouch

155 days Constech Mgt. Corp. Inc. Polyurethane Foam 02.26.07 Final billing 23,100.00 MAA- shirley c/o Paul

Frondoso Residence Polyurethane Foam contract ON GOING 200,200.00

Int'l Elevator & Equipment Polyurethane Foam 35211 (off setting aircon set up) 23,294.64

81 days Mr. Emiliano Reyes Tank Lining 05.10.07 Final Billing 6,850.00

38 days Legend Hotel's Baclaran Polyurethane Foam HI-001613 06.23.07 2711 whole contract amount 254,078.40
 38 days Legend Hotel's Pasay Polyurethane foam RQC-00974 06.23.07 2710 whole contract amount 590,944.40

59 days Robinsons Land Corp. Polyurehtane Foam 4500036440 Billed Date June 5, 2007 53,840.00

Mr. Vargas Construction Legislative wing Bldg. 01885 Retention 21,181.56 MAA-

66 days FR Sevilla Ind'l & Dev't corp. Polyurethane Foam Conforme: 05.18.07 05.25.07 1st PB 419,393.99
M-4 & M-5 06.14.07 Final Billing

ASEC -Ateneo Leong Hall waterproofing of capillary /tanklining on going 98,728.65

32 days Royal Tern Ceramics Phils. Roofseal foam 07-06-11890 28-Jun-07 final billing 160,420.00 MAA/ this week

39 days Robinsons Land corp. Summit media NTP 06.22.07 2709 38,000.00 on process aMAA

IEEI Application of PU Foam 100,000.00 MAA/

Monolith Construction & Dev't Corp Roofseal Foam 153060 on goig 25,587.30

Ateneo de Manila -Rizal Library R-23 Flex @ Roofdeck 832,481.10

Mr. Jun Galloso-Alex d III Flextorch Mineral Gre Comforme 12,500.00 AJT-

3,946,725.83

Arsant (UP Project) 153,000.00

Total Receivables Total 4,099,725.83

 AGE 2006 Application P.O.# Project End Date billed

Holy Angels University Flextorch Projects 10091

243 days Titanium Pasay Epoxy Injection W4D-01422

202 days FR Sevilla Ind'l & Dev't Corp. PU Injection 092-A

85 days Monolith Construction & Dev't Corp. Polyurethane Foam 140667

96 days Legend Hotel Int'l Kaloocan Polyurethane Foam KHK-00909

40 days Fortune Tobacco Corp. Polyurethane Foam CD-06-2006

Metro StoneRich Corp. Flextorch Projects 60285

2007

190 days Republic Steel tube Inc. Polyurehtane Foam 3508-3509-3510

41 days Bluetorch construction Epoxy Tank Lining Conforme

155 days Constech Mgt. Corp. Inc. Polyurethane Foam

Frondoso Residence Polyurethane Foam contract

Int'l Elevator & Equipment Polyurethane Foam 35211

81 days Mr. Emiliano Reyes Tank Lining

38 days Legend Hotel's Baclaran Polyurethane Foam HI-001613

38 days Legend Hotel's Pasay Polyurethane foam RQC-00974

59 days Robinsons Land Corp. Polyurehtane Foam 4500036440

Mr. Vargas Construction Legislative wing Bldg. 01885

66 days FR Sevilla Ind'l & Dev't corp. Polyurethane Foam Conforme: 05.18.07
 M-4 & M-5

ASEC -Ateneo Leong Hall waterproofing of capillary /tanklining

32 days Royal Tern Ceramics Phils. Roofseal foam 07-06-11890

39 days Robinsons Land corp. Summit media NTP

IEEI Application of PU Foam

Monolith Construction & Dev't Corp Roofseal Foam 153060

Ateneo de Manila -Rizal Library R-23 Flex @ Roofdeck

Mr. Jun Galloso-Alex d III Flextorch Mineral Gre Comforme

Arsant (UP Project)

Total Receivables
 GLOSCORE PHILIPPINES, INC.
Aging of COLLECTIBLES
af of July 31, 2007

SI Date INV. # Remarks AMOUNT

103,228.23

11.30.07 2677 whole Contract Amount 25,000.00

01.16.07 2682-2687 429,941.18

05.16.07 letter of release Retention 10,847.74

03.31.07 2703-2704 42,310.26

02.21.07 2698-2699 Retention 330,850.00

Balance of Work 30,000.00

01.22.07 Retention 68,065.88

06.20.07 Final Billing 45,882.50

02.26.07 Final billing 23,100.00

ON GOING 200,200.00

(off setting aircon set up) 23,294.64

05.10.07 Final Billing 6,850.00

06.23.07 2711 whole contract amount 254,078.40

06.23.07 2710 whole contract amount 590,944.40

Billed Date June 5, 2007 53,840.00

Retention 21,181.56

05.25.07 1st PB 419,393.99

06.14.07 Final Billing

on going 98,728.65

28-Jun-07 final billing 160,420.00

06.22.07 2709 38,000.00

100,000.00

on goig 25,587.30

832,481.10

12,500.00

3,946,725.83

153,000.00

Total 4,099,725.83