II.4.3 Annual Report

In the following pages, JVTeam presents financial reporting for its parent companies: Melbourne IT and NeuStar, Inc. We have provided an annual report from Melbourne IT and un-audited financial reporting for NeuStar, Inc.

NEUSTAR

Balance Sheet (unaudited)

		12/31/99	Q1-00	Q2-00
Total Assets	$	132,163,209	117,723,878	113,693,083
Total Liabilities	$	96,948,304	81,923,520	78,300,840

Income Statement (unaudited)

		Q1-00	Q2-00
Revenues	$	12,669,358	12,473,222
Operating Expenses	$	9,253,790	10,300,021
Net Income (Loss)	$	356,837	(179,492)

Melbourn IT's financial statements can be found at URL:

http://www.melbourneit.com.au/ver2/html/investrelations/share_holder_publications/index.htm