Exhibit 99

CERBCO, Inc.

CONSOLIDATING SCHEDULE – STATEMENT OF OPERATIONS INFORMATION

THREE MONTHS ENDED MARCH 31, 2005

(unaudited)

	CERBCO, Inc. Consolidated					Eliminations			CERBCO, Inc. Unconsolidated			INEI Corporation
Sales	$	0		(A	)	$	(109,020	)	$	0		$	109,020
Costs and Expenses:
Cost of sales		0		(A	)		(91,751	)		0			91,751
General and administrative expenses		819,426		(A	)		(155,788	)		819,426			155,788
Total Costs and Expenses		819,426					(247,539	)		819,426			247,539
Operating Loss		(819,426	)				138,519			(819,426	)		(138,519	)
Investment Income		136,772		(A	)		(11,933	)		136,772			11,933
Interest Expense		0		(A	)		6,862			0			(6,862	)
Other Expense - Net		(1,813	)	(A	)		12,081			(1,813	)		(12,081	)
Loss Before Income Taxes		(684,467	)				145,529			(684,467	)		(145,529	)
Credit for Income Taxes		0		(A	)		(105,000	)		0			105,000
NET LOSS	$	(684,467	)	(F	)	$	250,529		$	(684,467	)	$	(250,529	)

CERBCO, Inc.

CONSOLIDATING SCHEDULE – STATEMENT OF OPERATIONS INFORMATION

NINE MONTHS ENDED MARCH 31, 2005

(unaudited)

	CERBCO, Inc. Consolidated					Eliminations			CERBCO, Inc. Unconsolidated			INEI Corporation
Sales	$	0		(B	)	$	(383,026	)	$	0		$	383,026
Costs and Expenses:
Cost of sales		0		(B	)		(294,757	)		0			294,757
General and administrative expenses		1,205,020		(B	)		(988,417	)		1,205,020			988,417
Total Costs and Expenses		1,205,020					(1,283,174	)		1,205,020			1,283,174
Operating Loss		(1,205,020	)				900,148			(1,205,020	)		(900,148	)
Investment Income		253,020		(B	)		(43,049	)		253,020			43,049
Interest Expense		0		(B	)		6,862			0			(6,862	)
Other Income (Expense) - Net		(19,569	)	(B	)		(34,490	)		(19,569	)		34,490
Loss Before Income Taxes		(971,569	)				829,471			(971,569	)		(829,471	)
Credit for Income Taxes		(35,000	)				(105,000	)		(35,000	)		105,000
NET LOSS	$	(936,569	)	(G	)	$	934,471		$	(936,569	)	$	(934,471	)

CERBCO, Inc.

CONSOLIDATING SCHEDULE – BALANCE SHEET INFORMATION

MARCH 31, 2005

(unaudited)

	CERBCO, Inc. Consolidated			Eliminations			CERBCO, Inc. Unconsolidated		INEI Corporation
ASSETS
Current Assets:
Cash and cash equivalents	$	11,114,002	(D)	$	(2,719,333	)	$	11,114,002	$	2,719,333
Cash in escrow		0	(D)		(225,000	)		0		225,000
Marketable securities		6,498,604			0			6,498,604		0
Accounts receivable		131,564	(D)		(250,397	)		131,564		250,397
Inventories		0	(D)		(133,675	)		0		133,675
Cash surrender value of SERP life insurance Prepaid expenses and other		2,142,666 80,683	(D)		0 (84,643	)		2,142,666 80,683		0 84,643
TOTAL CURRENT ASSETS		19,967,519			(3,413,048	)		19,967,519		3,413,048
Investment in subsidiary		0	(E)		(1,169,937	)		1,169,937		0
Intercompany receivables and payables		0			0			65,393		(65,393	)
Property, Plant and Equipment - less accumulated depreciation		4,130	(D)		(59,897	)		4,130		59,897
Other Assets:
Deposits and other		44,489			0			44,489		0
Total assets of discontinued operations		3,472,945	(D)		3,472,945			0		0
TOTAL ASSETS	$	23,489,083		$	(1,169,937	)	$	21,251,468	$	3,407,552
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued liabilities	$	108,367	(D)	$	(418,167	)	$	108,367	$	418,167
Accrued SERP liability		3,668,704			0			3,668,704		0
TOTAL CURRENT LIABILITIES		3,777,071			(418,167	)		3,777,071		418,167
Total liabilities of discontinued operations		732,608	(C)(D)		732,608			0		0
TOTAL LIABILITIES		4,509,679			314,441			3,777,071		418,167
Non-Owned Interests		1,819,448	(B)(E)		1,819,448			0		0
Stockholders’ Equity:
Common stock		121,786	(E)		(176,086	)		121,786		176,086
Class B Common stock		29,009	(E)		(11,904	)		29,009		11,904
Additional paid-in capital		7,683,528	(E)		(4,022,324	)		7,683,528		4,022,324
Retained earnings		9,325,633	(B)(C)(E)(G)		(283,125	)		9,640,074		(31,316	)
Treasury stock		0	(E)		1,189,613			0		(1,189,613	)
TOTAL STOCKHOLDERS’ EQUITY		17,159,956			(3,303,826	)		17,474,397		2,989,385
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$	23,489,083		$	(1,169,937	)	$	21,251,468	$	3,407,552

CERBCO, Inc.

CONSOLIDATING RECLASSIFICATION AND ELIMINATION ENTRIES

MARCH 31, 2005

(unaudited)

(A)
Sales		$ 109,020
Investment income		11,933
Non-owned interests		152,481
Retained earnings		98,048
Cost of sales			$	91,751
Selling, general and administrative expenses				155,788
Interest expense				6,862
Other expense				12,081
Provision for taxes				105,000
To reclassify the discontinued operations of INEI Corporation for the three months ended March 31, 2005.
(B)
Sales	$	383,026
Investment income		43,049
Other income		34,490
Non-owned interests		568,753
Retained earnings		365,718
Cost of sales			$	294,757
Selling, general and administrative expenses				988,417
Interest expense				6,862
Provision for taxes				105,000
To reclassify the discontinued operations of INEI Corporation for the nine months ended March 31, 2005.
(C)
Retained earnings	$	314,441
Total liabilities of discontinued operations			$	314,441
To adjust investment in INEI Corporation to fair value at March 31, 2005.
(D)
Accounts payable and accrued liabilities	$	418,167
Total assets of discontinued operations		3,472,945
Cash and cash equivalents			$	2,719,333
Cash in escrow				225,000
Accounts receivable				250,397
Inventories				133,675
Prepaid expenses and other				84,643
Property, plant and equipment-net				59,897
Total liabilities of discontinued operations				418,167
To reclassify the assets and liabilities of discontinued operations at March 31, 2005.
(E)
Common stock	$	176,086
Class B stock		11,904
Additional paid-in capital		4,022,324
Retained earnings		537,437
Treasury stock			$	1,189,613
Investment in subsidiary				1,169,937
Non-owned interests				2,388,201
To eliminate investment in INEI Corporation at March 31, 2005.
(F)
Current period loss adjustments	$	250,529
Retained earnings			$	250,529
To close out impact of eliminating entries on statement of operations for the three months ended March 31, 2005.
(G)
Current year operations adjustments	$	934,471
Retained earnings			$	934,471
To close out impact of eliminating entries on statement of operations for the nine months ended March 31, 2005.

CERBCO, Inc.

1419 Forest Drive, Suite 209 • Annapolis • Maryland 21403

Tel: 443.482.3374

Fax: 410.263.2960