HS-USA 2004 END OF YEAR REPORT

                                  ASSETS AND LIABILITIES

                                                       (as of 12-31-04)

ASSETS

            Cash on Hand (Bank Balance)                                       $2,909.79

            Booth Display Board & Materials                                  $   650.00

                                                                                                          _________

            TOTAL ASSETS                                                              = $3,559.79

LIABILITIES

            Short Term Liabilities

                        Hirzel, Jackson & Swaine, CPA                         $1,650.00

                        Econo Print, Inc.                                                     $   386.80

            Long Term Liabilities

                        William P. Curtis, Treasurer                                 $2,260.00

                        R, Vix Kennedy, President & CEO                     $4,504.10

                         (start-up costs of $6,352.24 forgiven)

                                                                                                         __________

            TOTAL LIABILITIES                                                       =  $8,800.90