CORRESP 7 filename7.htm SB-2/A Amendment 4 Response Letter
CORRESPONDENCE

Sichenzia Ross Friedman Ference LLP
1065 Avenue of the Americas New York NY 10018
Tel 212 930 9700 Fax 212 930 9725 www.srff.com


December 13, 2006


Andrew Schoeffler, Staff Attorney
Division of Corporation Finance
Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549

Re:  Juniper Group, Inc.
    Amendment No. 3 to Registration Statement on Form SB-2
    Filed October 25, 2006
    File No. 333-131730

 
Dear Mr. Schoeffler:

This firm represents Juniper Group, Inc. (the “Company”) in the above-referenced Registration Statement on Form SB-2. Enclosed for filing is the Company’s amended Registration Statement on Form SB-2. Below please find our responses to your November 22, 2006 comment letter:

General
 
1.
We note your statements in the Summary on page 3 and in the risk factors on page 10 that you intend to amend your registration statement or file a new one to include additional shares for resale once your authorized common stock has been increased. We assume that you intend to register these additional shares as resales under Rule 415(a)(1)(i) of the Securities Act. Given the nature and size of the transaction being already being registered, we believe that it may not be possible to characterize the resale of any additional shares as a transaction that is eligible to be made on a shelf basis under Rule 415(a)(1)(i) of the Securities Act. Therefore, please remove references throughout your prospectus to the registration of additional shares underlying the convertible notes and warrants.

Response
 
In accordance with the Staff’s comment, the registration statement has been revised to remove references to the registration of additional shares underlying the convertible notes and warrants.

2.
Please update your filing to comply with Item 310(g) of Regulation S-B.

Response
 
The registration statement has been updated to comply with Item 310(g) of Regulation S-B.

The Offering, page 3

Common to be outstanding after the offering, page 3

3.
We note the disclosure regarding increasing the authorized number of shares of common stock. It appears that you have amended your articles of incorporation for the purpose of affecting this increase. In this regard, we note your statement in the response to comment 4 of our letter dated June 26, 2006. Please advise or revise.

Response
 
Due to the fact that the Company has amended its articles of incorporation, the registration statement has been revised accordingly.

Risk Factors, page 5

Our company and/or our management may be subject to fines..., page 8

4.
If applicable, please discuss whether the holders of the shares may have rescission rights and the related risks. Please also discuss the amount of your potential liability if holders exercise rescission rights.

Response

We have revised the risk factor to discuss the potential impact to the Company with respect to any potential rescission rights shareholders may have in connection with the disclosed actions.
We are required to pay liquidated damages..., page 10

5.
We note the example of the amount of liquidated damages for which you could be liable. However, it appears that you have filed the information statement and also received the stockholder approval, which should stop the tolling of any liquidated damages. As such, it appears that you should be able to provide an estimate of the actual liquidated damages for which you may be liable. Please advise or revise.

Response
 
We have revised this risk factor to provide an estimate of the actual liquidated damages which the Company may be liable for in connection with the delay in filing the information statement.

Dividends, page 12

6.
We note the disclosure in the fourth sentence. We also note that this amount may be paid in cash or shares of common stock. Please disclose the number of shares issuable as payment of this amount.

Response
 
The registration statement has been revised to disclose the number of shares issuable as payment of accrued and unpaid dividend liability to the preferred shareholders.

Management’s Discussion and Analysis of Financial Condition,.., page 14

7. It appears that you restated your financial statements. Please revise your MD&A to discuss the reasons for restatement and the impact on your financial statements.

Response

The MD&A section has been revised to discuss the reasons for restatement and the impact on the Company’s financial statements.

Business, page 22

8.
We reissue comment 11 of our letter dated June 26, 2006 with respect to the first bullet point, as it does not appear that you have provided the requested disclosure.

Response
 
We have revised the registration statement to provide the requested disclosure with respect to the Company’s environmental compliance costs.

Description of Securities to be Registered, page 32

(1) Non-Voting Preferred Stock, page 32

9.             
We note the disclosure regarding the amount of the accrued and unpaid dividends. Please revise to update this figure as of the most recent practicable date.

Response
 
The disclosure of the accrued and unpaid dividends has been revised and updated as of September 30, 2006.

Financial Statements

Six Month Period Ended June 30, 2006

Notes to Consolidated Financial Statements

Consolidated Statements of Cash Flows

10.           
You disclosed a payment of equity for acquisitions of $630,213 as a source of investing cash flows. Since this appears to be a non-cash transaction, please tell us why you have included this amount in your statements of cash flows. Please refer to paragraph 32 of SFAS 95.

Response

The Consolidated Statements of Cash Flows has been revised to remove the payment of equity.

Year Ended December 31, 2005 and 2004

Report of Independent Registered Public Accounting Firm, page F-19


11.          
Please include an explanatory paragraph in the reissued audit opinion that refers to the restatement of the financial statements.
 
Response

The Company’s auditors have revised their audit opinion to include an explanatory paragraph concerning the restatement of the financial statements.

12.
We have reviewed your response to comment 18 of our letter dated June 26, 2006. In your response you agreed to classify the advances to you from officers for working capital needs and repayments of these advances to officers as financing transactions. However, you did not classify these advances and repayments within cash flows from financing activities in your statements of cash flows. Please restate your statements of cash flows by reclassifying these transactions from operating cash flows to financing cash flows in accordance with the provisions of SFAS 95.

Response

The Company has restated the statement of cash flows by reclassifying these transactions from operating cash flows to financing cash flows in accordance with the provisions of SFAS 95.

Note 4 — Film Licenses


13.           
We have reviewed your responses to comments 19 and 21 of our letter dated June 26, 2006. You indicate that the projected aggregate value of your film library rights of $2,639,954 is in compliance with SOP 00-2. However, you did not provide us with an impairment analysis on a discounted cash flow basis. Please provide us with an impairment analysis as of December 31, 2005 and September 30, 2006 prepared in accordance with the guidelines of SOP 00-2. This impairment analysis should comply with the provisions of paragraph 45 of SOP 00-2 and should consider the following factors in estimating future cash inflows and outflows for a film:

 
• the film’s performance in prior markets,

• the public’s perception of the film’s story, cast, director, or producer,

• historical results of similar films,

• historical results of the cast, director, or producer on prior films,

• running time of the film in your discounted cash flow model, and

• the cash outflows necessary to generate the film’s cash inflows.

The impairment analysis should also consider the provisions of paragraph 46 of SOP 00-2, which states that when using the traditional discounted cash flow approach to estimate the fair value of a film, the relevant future cash inflows and outflows should represent the entity’s estimate of the most likely cash flows. This paragraph also requires that all possible relevant future cash inflows and outflows should be probability weighted by period and the estimated mean or average by period should be used in determining the fair value of a film using the expected cash flows approach.

As part of your impairment analysis please provide us with a comprehensive discussion of the assumptions used in your impairment analysis, including the assumed revenue growth rate, assumed annual cash flows and the assumed discount rate. Please also quantify your assumptions and provide a detailed reconciliation and explanation of any deviation between your revenue projections and your historical results for the last three years.
Response

The Company’s analysis of its film library begins with its independent valuation as of 2003. The Company has attached Schedules 1 and 1.1 to this response which shows its complete library:
 
o  
Title of the film
o  
Year it was produced
o  
Cast
o  
Director
o  
Genre
o  
Date acquired by the Company
o  
Evaluation made by the independent consultants
o  
Expiration date of the Company’s licensing agreement
o  
Number of months available starting 1/1/2004
o  
Actual amortization taken over 2004 and 2005
o  
Revenue received by film in 2004 & 2005
o  
Management’s estimated revenue forecast and discounted cash flow of that estimate
o  
The effect on the film library of that analysis and management’s subjective adjustment to the carrying amount to the film library as of December 31, 2005

The purpose of these analyses is to support the facts the Company encountered and the conclusions reached by management.

The Company’s film library consists primarily of animated films, action and adventure movies, comedy and the “Sword and Sandal” genre, which are grouped together for thematic packages. The packages are composed of lead pictures (those more desirable in particular markets), followed by less popular films. While and the “Sword and Sandal” genre experienced a certain popularity eight to ten years ago, it does not command the market share it once did. The Company’s films are marketed primarily in DVD and broadcast media in the European, pacific Rim, Asian and South American markets.

Subsequent to 2003, the Company began to experience significant piracy (specifically in the DVD media which establishes the value of the film) in its titles. Since this piracy occurred not only in the US market but in international markets as well, the costs to combat this piracy both domestically and internationally was estimated to range from $50,000 to $100,000 annually. The Company quickly realized that it lacked the resources to aggressively market these films around the globe. Further, it lacked the resources to combat electronic distribution and piracy. What resources were available to the Company were directed toward the acquisition of New Wave Communications and the development of the Broadband Installation and Wireless Infrastructure Services.

At the end of 2005, the Company reviewed the revenue realized from its film library and determined that its earlier revenue projections would likely not be met. Further it realized that future value of the thematic packages due to piracy and especially its lead pictures were deteriorating and that a writedown was required. The writedown was made by management’s review and evaluation. A discounted cashflow model using a 30% discount factor is provided in Exhibit 1.1 and supports Management’s subjection evaluation. The model does not contemplate any cash outflows to generate any revenues, since the Company does not actively market its film library. Rather it responds to inquiries from the marketplace, which in turn explains the low revenue generated. Revenue growth is assumed as flat. The Company believes that there will be revenue generated over the balance of the film library’s life because it still receives periodic inquiries on its films.

14.
We note that your valuation firm was able to conclude that the value of your film titles that had been distributed illegally would not be material since you have an aggressive policy of pursuing pirates and had been successful in the past in controlling illegal distribution of film titles. We also note that in your response to comment 22 you states that you did not market films in 2006 due to the pirating of your films. These facts appear to indicate a change in the results of your anti--piracy efforts since the 2003 valuation. in your response, you indicate that you intend to aggressively pursue titles that are distributed illegally. Please tell us and quantify for us how the illegal distribution of your films was factored into the revenue projections of your impairment analysis. Please also describe for us your aggressive policy for controlling illegal distribution and provide us with examples that demonstrate success in the past in controlling illegal distribution of pirated film titles.

Response
While the Company’s valuation firm accurately stated the Company aggressively combated piracy at the end of 2003, this is no longer the case today. The Company’s resources have thinned and it can no longer devote the time and funds necessary to deal with the piracy problem in a meaningful manner. As described above, the Company does not actively market its films, attend trade shows or solicit orders for its library at this time. Rather, it responds to inquiries from the marketplace. The responses to this comment are found in our response to Comment #13.

To repeat, while the Company intended to combat piracy, it quickly became apparent that it did not have the resources to do so, and as a result, there have been no significant efforts in this area in 2006.

15.
We have reviewed your response to comment 22 of our letter dated June 26, 2006. Your response did not address why you believe that 67% of your film value will be realized by 2009 despite your inability to market any films through June 30, 2006. Please tell us in a comprehensive manner the basis for your assumption that 67% of your unamortized film costs will be amortized in 2006 and 89% by 2011 given that you do not appear to have recognized any film revenues through June 30, 2006. Please provide us with the estimated film revenues as of December 31, 2005 you refer to on page F-32 and explain each assumption underlying your estimate and specify its basis. Please also clarify the reasonableness of your assumptions based on your disclosure in management’s discussion analysis as of June 30, 2006 that you have not devoted resources toward the promotion and solicitation of your film licenses and have slowed down the marketing of your films. Please also tell us the film revenues that you have earned through October 31, 2006.

Response
While we have no revenues in 2006 to date, we believe we will have revenues in 2007 and beyond because of new arrangements and renewals of existing relationships which are currently being discussed. At December 31, 2006, we will critically evaluate our film library, and if necessary, adjust the carrying amount further.

Note 6 - Shareholders’ Equity

16.
We have reviewed your response to comment 24 of our letter dated June. 26, 2006. In your response you stated that the convertible non-voting redeemable preferred stock has been reclassified as a liability. However, you do not appear to have reclassified the non-voting redeemable preferred stock to a liability as you indicated in your response. Please tell us the factors that lead you to conclude that the redeemable preferred stock should be presented as a liability. Please disclose the provisions of your voting and non-voting preferred stock that require the presentation as a liability or tell us why you believe your redeemable preferred stock is properly classified within the equity section. Please refer to SFAS 150, EITF D-98, Rule 5.02 of Regulation S-X and SAB Topic 3:C.
 
Response

Disclosure has been revised to the description of the securities being registered to make it clear that the convertible non-voting redeemable preferred stock is redeemable at the option of the Company and therefore is appropriately classified as a component of stockholders’ equity. We apologize for any prior confusion.

17.
We have reviewed your response to comment 27 of our letter dated June 26, 2006. The Schedule 2 that you refer to in your response does not provide a comparison of all potentially issuable common shares. Please provide us with a comparison of all potentially issuable common shares assuming the exercise of all options and warrants, and the conversion of all convertible instruments as of December 31, 2005 and at each subsequent balance sheet date. In the event that you have more potentially issuable common shares than authorized common shares, it would appear that certain of your equity instruments might be properly classified as liabilities. Please refer to paragraphs 13 and 19 of EITF 00-19.

Response

We have enclosed Schedule 2 as an explanation to show the total number of shares exercisable from all sources at December 31, 2005 and September 30, 2006, compared to total shares authorized and outstanding at each date.

Note 15 — Business Segment information

18.
We have reviewed your response to comment 29 of our letter dated June 26, 2006. You indicated in your response that you would disclose the types of expenses and the respective amounts that comprise selling, general and administrative expenses given that corporate and other expenses not allocated to your business segments represent a significant amount of your costs of operations. However, you do not appear to have provided these disclosures. Please specifically disclose the types of expenses and the respective amounts that comprise selling, general arid administrative expenses.

Response

This note has been revised to correct an earlier error in the disclosure of cost of operations.  There are no amounts that comprise selling, general arid administrative expenses in the footnote. 

19.
We have reviewed your response to comment 30 of our letter dated June 26, 2006. You indicated in your response that you would provide the enterprise-wide disclosures required by paragraph 37 of SFAS 131. However, you do not appear to have disclosed revenues for each of your significant services. Please disclose the amount of revenues generated from the various services that you offer, including at a minimum installation of broadband equipment, film licensing, and installation of redundant power equipment.

Response

This note has been revised to disclose that all revenues are derived from either broadband installation or film licensing services that are offered by the Company.

Other

20.
We have reviewed your response to comment 31 of our letter dated June 26, 2006. You did not provide a pro forma statement of operations for the six month period ended June 30, 2006. In addition, you did not disclose the nature of any pro forma adjustments in the notes to the pro forma statements of operations for 2005. Please be sure to clearly reference and explain the assumptions involved in these adjustments. Please also disclose the pro forma information required by paragraphs 54-57 of SFAS 141 for the interim period ended June 30, 2006.

Response

The registration statement has been revised to provide a pro forma statement of operations for the nine month period ended September 30, 2006, with the appropriate additional disclosures requested by the Staff.

In connection with the foregoing responses we hereby acknowledge the following on behalf of the Company:

·  
The Company is responsible for the adequacy and accuracy of the disclosure in the filing;
      ·  
Staff comments or changes to disclosure in response to staff comments in the filings reviewed by the staff do not foreclose the Commission from taking any action with respect to the filing; and
·  
the Company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.

***
Should you have any further questions, please do not hesitate to contact the undersigned at (212) 930-9700.

Sincerely,
/s/Yoel Goldfeder   
Yoel Goldfeder

 SCHEDULE 1
Juniper Pictures Inc
Analyses of Amortization of Film Library Costs for SB-2 comments 13,14 and 15- Letter 11-22-06
                       
 EVERGREEN PICTURES 12-19-03
 EVALUATION MADE BY OUTSIDE CONSULTANTS
                       
             
WW Sat
      
General Ledger
 
DATE
    
North
American
Int'l T.V.
Cable &
Int'l
TOTAL
  
Balance At
ID
ACQ
Title
Year
T.V. Distr
DVD
Distrb
Distrb
DVD
    
12/31/2003
1
1992
79 A.D.
1962
5,450
2,750
9,750
6,338
1,788
26,076
 
10,579
2
1993
ABRAXAS
1991
10,900
13,750
24,500
24,500
15,925
89,575
 
35,250
3
1992
AGZ-55
1966
5,450
6,875
9,750
6,388
4,469
32,932
 
8,800
4
1992
PASSPORT
1965
5,450
8,250
9,750
6,338
5,363
35,151
 
8,800
5
1994
ALONE V ROME
1962
5,450
1,375
2,500
1,625
894
11,844
 
8,000
6
  
An Eye For An Eye aka Un occhio per occhio
1967
          
0
 
0
7
1995
ATLAS CYCLOPS, aka Maciste nella terra dei ciclopi
1961
5,450
1,375
2,500
1,625
894
11,844
 
12,000
8
1995
AVENGER
1966
5,450
1,375
2,500
1,625
894
11,844
 
11,453
9
1992
BANG.BANG
1968
5,450
8,250
9,750
6,338
5,363
35,151
 
10,560
10
1989
BATTLE OF STARS, aka Anno Zero/Guerra Nello Spazio
1977
13,080
6,875
15,500
10,075
4,469
49,999
 
87,606
12
  
Black Ribbon For Deborah
1974
          
0
 
0
13
1996
BLACK DUKE
1963
          
0
 
12,000
14
  
Black Lemons
1970
          
0
 
2
15
  
Blood River
1977
          
0
 
0
16
1992
BLUEPRINT
1967
5,450
6,875
9,750
6,338
4,469
32,882
 
8,800
17
1996
CAESAR THE CONQUEROR, aka Giulio Cesare, Il Conquistatore Delle Gallie
1962
5,450
1,375
2,500
1,625
894
11,844
 
12,000
18
  
Cagliostro
1974
          
0
 
0
19
  
Catamount Killing aka Pittsville-Ein Safe Voll lu
1974
          
0
 
0
20
1992
CATASTROPHE
1966
10,900
2,750
15,500
10,075
1,788
41,013
 
11,760
21
  
Catherine & Co (Catherine et Cie)
1975
              
0
22
1992
CHALLENGE
1970
10,900
8,250
15,500
10,075
5,363
50,088
 
11,760
23
1992
CONQUEROR OF MARACA)
1960
5,450
2,750
9,750
6,338
2,827
27,115
 
10,579
24
1992
CONOUEROR OF THE ORIENT, aka Il Conquistatore dell'Oriente
1960
5,450
1,375
2,500
1,625
894
11,844
 
7,619
25
1992
COSMOS
1977
5,450
2,750
9,750
6,338
894
25,182
 
11,126
26
1992
CRACKDOWN
  
10,900
2,750
15,500
10,075
1,788
41,013
 
63,735
27
  
Crossfire, aka Odio Implacabile
1947
              
0
28
  
Cry Chicago
1969
              
0
29
  
Dark Before Dawn
1987
              
0
30
  
Daughter Of Mata Hari
1954
              
0
31
1989
DAYS OF FURY
1978
10,900
2,750
15,500
10,075
1,788
41,013
 
82,605
32
1994
DESERT WARRIOR
1984
5,450
2,750
9,750
1,625
894
20,469
 
8,000
33
  
Devilman Story
1967
              
0
34
1992
DEVIL’S CAVALIER
1959
5,450
6,875
9,750
6,338
1,788
30,201
 
5,920
35
1992
DISCO
1976
5,450
2,750
15,500
10,075
894
34,669
 
2,960
36
1992
DIXIE LANE
1988
13,080
13,750
19,500
12,675
8,938
67,943
 
7,063
37
  
Eagles Attack At Down aka Pritza Hagdola
1970
              
0
38
1992
ECHOES
1988
10,900
6,875
19,500
12,675
4,469
54,419
 
4,688
39
1992
Elm Chanted Forest
1986
10,900
8,250
15,500
10,075
1,788
46,513
 
199,299
40
1992
ECF-4
1986
10,900
2,750
15,500
10,075
1,788
41,013
 
80,482
41
1991
ESCAPE FRM SAVEHAVEN
1989
10,900
13,750
19,500
12,675
8,938
65,763
 
0
42
1992
FISTFUL OF DIAMONDS
1973
5,450
6,875
9,750
6,338
4,469
32,882
 
8,800
43
  
Fountain Of Rome aka Fontana Di Trevi
1960
              
0
44
1992
FURY OF HERCULES
1961
5,450
2,750
9,750
6,338
1,788
26,076
 
11,760
45
1995
GIANTS OF THESSALY
1960
5,450
1,375
2,500
1,625
894
11,844
 
12,000
46
1992
GLADIATORS SEVEN
1965
5,450
6,875
19,500
11,415
4,469
47,709
 
16,499
47
1992
GOWFACE
1967
5,450
6,875
9,750
6,338
4,469
32,882
 
8,800
48
1992
GOUATH vs Giant, aka Goliath Contro I Giganti
1962
5,450
2,750
9,750
6,338
1,788
26,076
 
7,619
49
  
Guns Are Still Thundering, aka Quel Caldo Maledetto Giorno Di Fuoco
1968
              
0
50
1995
HEROD THR GREAT
1958
          
0
 
7,313
51
1992
HUNTER OF THE UNKNOWN, aka Agent 3S3 Massacre in the Sun
1966
5,450
2,750
15,500
10,075
1,788
35,563
 
8,800
52
1992
HYNOS
1967
5,450
2,750
15,500
10,075
894
34,669
 
2,960
53
1988
JUST BEFORE DAWN
1981
10,900
13,750
19,500
12,675
8,938
65,763
 
257,322
54
1992
KINGS PRISONER
1954
5,450
2,750
9,750
6,338
1,788
26,076
 
2,960
55
1992
LAST DAYS OF POMPEII, aka Gli Ultimi Giorni Di Pompei
1959
5,450
2,750
2,500
1,625
1,788
14,113
 
20,560
56
  
Last Days of the Vikings, Ultimo dei Vikinghi
1961
              
750
57
1992
LOADED GUNS
1974
10,900
2,750
15,500
10,075
1,788
41,013
 
10,000
58
  
Lonely Hearts aka Cuori Solitari
1969
              
0
59
1988
LOVELY BUT DEADLY
1981
10,900
13,750
19,500
12,675
8,938
65,763
 
256,389
60
1992
MAKO
1976
10,900
2,750
15,500
10,075
1,788
41,013
 
17,680
61
  
Massacre in The Black Forest, aka Il Massacro Della Foresta Nera
1966
              
0
62
1992
MOONSHINE
1977
10,900
2,750
15,500
10,075
1,788
41,013
 
26,480
63
1992
NO DIAMONDS FOR URSU, aka Diamanti che nessuno voleva rubare
1968
5,450
1,375
2,500
1,625
894
11,844
 
2,960
64
1992
OLD TESTAMENT
1962
5,450
2,750
9,750
6,338
1,788
26,076
 
10,579
65
1992
OPERATION
1967
5,450
6,875
9,750
6,338
4,469
32,882
 
8,800
66
  
Personal Foul
1987
              
0
67
1992
PRAY, Prega Per La Tua Morte Sartana aka Sartana
1968
5,450
6,875
9,750
6,338
4,469
32,882
 
8,800
68
1992
PROBABIUlY ZERO
1969
5,450
6,875
9,750
6,338
1,788
30,201
 
2,960
69
1982
PROJECT KILL
1977
10,900
6,875
15,500
10,075
4,469
47,819
 
11,760
71
1992
RAGAN
1967
5,450
6,875
9,750
6,338
4,469
32,882
 
5,920
72
1992
RAMPAGE OF EVIL
1963
5,450
2,750
9,750
6,338
1,788
26,076
 
5,920
73
1996
REBEL GLADIATOR, aka Ursus, il gladiatore ribelle
1963
              
11,775
74
1991
REJUVENATOR
1988
10,900
8,250
15,500
10,075
5,363
50,088
 
(0)
75
1192
RELIGION INC
1989
10,900
10,625
19,500
12,675
13,406
67,106
 
0
76
1989
RETURN
1986
10,900
2,750
15,500
10,075
1,788
41,013
 
106,264
77
1992
REVENGE OF URSUS
1961
5,450
1,375
2,500
1,625
1,788
12,738
 
2,400
78
1992
REVENGE OF IVANHOE
1965
5,450
6,875
9,750
6,338
4,469
32,882
 
11,760
79
1992
REVENGE OF THE BI.K KNT
1963
5,450
6,875
9,750
6,338
4,469
32,882
 
14,720
80
1992
Rings aound the world
1966
5,450
2,750
9,750
6,338
1,788
26,076
 
10,560
81
  
Roland The Mighty, aka Orlando e I Palladini di Francia
1956
              
0
82
1992
SAMSON
1961
5,450
2,750
9,750
6,338
1,788
26,076
 
10,579
83
  
Satanik
1968
              
0
84
1992
SEVEN FROM THEBES
1964
5,450
2,750
9,750
6,338
1,788
26,076
 
2,593
85
  
Seven Rebel Gladiators , aka Sette Contro Tutti
1965
              
0
86
1992
SHARAZ
1968
5,450
6,875
9,750
6,338
894
29,307
 
11,760
87
  
Silence The Witness
1974
              
0
88
1996
SON OF ELCID
1965
5,450
1,700
2,500
1,625
894
12,169
 
12,000
89
1992
SOULTAKER
1990
10,900
13,750
24,500
15,925
8,938
74,013
 
97,293
90
1992
SPARTACUS, aka Gli Invincibili Dieci Gladiatori
1964
5,450
2,750
9,750
6,338
1,788
26,076
 
20,560
91
1992
STEPS
1984
5,450
1,375
2,500
1,625
894
11,844
 
11,760
92
  
Street Law
1974
              
0
93
  
Survivor
1987
              
0
94
1992
TABOO ISLAND
1976
10,900
2,750
15,500
10,075
1,788
41,013
 
10,000
95
  
aka Spiaggia Del Desiderio
                
553
96
1995
TARTAR INVASION, aka Ursus e la ragazza Tartara
1962
              
4,938
97
1992
EVIL
1978
10,900
20,625
19,500
12,675
8,938
72,638
 
26,480
98
  
Tax Season
1989
              
0
99
1992
TEMPLE OF A 1000 UGHT
1964
5,450
2,750
9,750
6,338
1,788
26,076
 
10,579
100
  
The Last Circus Show , aka Venditore Di Palloncini
1974
              
0
101
1995
SLAVE QUEEN
1958
5,450
1,375
2,000
1,625
894
11,344
 
12,000
102
  
The Designated Victim , aka La Vittima Designata
1971
              
0
103
1992
TREASURE
1966
5,450
1,375
2,500
1,625
894
11,844
 
11,760
104
1994
TREAS. OFTHE AMAZON
1985
5,450
13,750
19,500
12,675
8,938
60,313
 
50,067
105
1992
Triumph Of TheTen Gladiators, aka Il Trionfo Dei Dieci Gladiatori
1963
5,450
2,750
9,750
6,338
1,788
26,076
 
17,128
106
1992
TEN GLADIATORS
1963
10,900
2,750
15,500
10,075
1,788
41,013
 
19,760
107
  
Tunis Top Secret aka Tunisi Top Secret
1959
              
0
108
  
Under Cover Of Darkness
1992
16,350
11,050
17,000
9,521
13,395
67,316
 
103,803
109
1992
URSUS, aka Ursus nella Valle Dei Leoni
1962
5,450
2,750
9,750
6,338
1,788
26,076
 
11,250
110
  
Ursus
1961
              
735
111
1991
Yeah, My Heart Beats Loud
1990
10,900
2,750
15,500
10,075
1,788
41,013
 
120,203
112
  
Yellow, The Cousins aka Yellow, le cugine
1974
              
0
113
1994
DARUAGNAN
  
5,450
2,750
4,750
1,625
894
15,469
 
8,000
   
Package Sales
            
0
 
0
   
Scripts
                
225,000
   
unlocated difference
            
0
 
669
                       
   
Totals
  
560,260
394,625
865,250
562,413
256,506
2,639,054
 
2,424,782
 
 
SCHEDULE 1 (Continued)
Juniper Pictures Inc
Analyses of Amortization of Film Library Costs for SB-2 comments 13,14 and 15- Letter 11-22-06
                       
 EVERGREEN PICTURES 12-19-03
 EVALUATION MADE BY OUTSIDE CONSULTANTS
                     
               
Annual
Total
General Ledger
     
 Quarterly Impairment Evaluation
  
Amortization
Writeoff
Balance At
ID
  
Title
03/31/04
06/30/04
09/30/04
12/31/04
Total
2004
2004
12/31/2004
1
  
79 A.D.
165
165
   
331
 
331
10,248
2
  
ABRAXAS
3,000
3,000
 
18,000
24,000
 
24,000
11,250
3
  
AGZ-55
138
138
   
275
 
275
8,525
4
  
PASSPORT
138
138
   
275
 
275
8,525
5
  
ALONE V ROME
125
125
   
250
 
250
7,750
6
  
An Eye For An Eye aka Un occhio per occhio
        
0
 
0
0
7
  
ATLAS CYCLOPS, aka Maciste nella terra dei ciclopi
188
188
   
375
 
375
11,625
8
  
AVENGER
179
179
   
358
 
358
11,095
9
  
BANG.BANG
165
165
   
330
 
330
10,230
10
  
BATTLE OF STARS, aka Anno Zero/Guerra Nello Spazio
        
0
 
0
87,606
12
  
Black Ribbon For Deborah
        
0
 
0
0
13
  
BLACK DUKE
188
188
   
375
 
375
11,625
14
  
Black Lemons
        
0
 
0
2
15
  
Blood River
        
0
 
0
0
16
  
BLUEPRINT
138
138
   
275
 
275
8,525
17
  
CAESAR THE CONQUEROR, aka Giulio Cesare, Il Conquistatore Delle Gallie
188
188
   
375
 
375
11,625
18
  
Cagliostro
        
0
 
0
0
19
  
Catamount Killing aka Pittsville-Ein Safe Voll lu
        
0
 
0
0
20
  
CATASTROPHE
184
184
   
368
 
368
11,393
21
  
Catherine & Co (Catherine et Cie)
        
0
 
0
0
22
  
CHALLENGE
184
184
   
368
 
368
11,393
23
  
CONQUEROR OF MARACA)
165
165
   
331
 
331
10,248
24
  
CONOUEROR OF THE ORIENT, aka Il Conquistatore dell'Oriente
119
119
   
238
 
238
7,381
25
  
COSMOS
174
174
   
348
 
348
10,778
26
  
CRACKDOWN
        
0
 
0
63,735
27
  
Crossfire, aka Odio Implacabile
        
0
 
0
0
28
  
Cry Chicago
        
0
 
0
0
29
  
Dark Before Dawn
        
0
 
0
0
30
  
Daughter Of Mata Hari
        
0
 
0
0
31
  
DAYS OF FURY
        
0
 
0
82,605
32
  
DESERT WARRIOR
125
125
   
250
 
250
7,750
33
  
Devilman Story
        
0
 
0
0
34
  
DEVIL’S CAVALIER
93
93
   
185
 
185
5,735
35
  
DISCO
46
46
   
93
 
93
2,868
36
  
DIXIE LANE
        
0
 
0
7,063
37
  
Eagles Attack At Down aka Pritza Hagdola
        
0
 
0
0
38
  
ECHOES
        
0
 
0
4,688
39
  
Elm Chanted Forest
        
0
 
0
199,299
40
  
ECF-4
10,000
10,000
 
(20,000)
0
 
0
80,482
41
  
ESCAPE FROM SAVEHAVEN
        
0
 
0
0
42
  
FISTFUL OF DIAMONDS
138
138
   
275
 
275
8,525
43
  
Fountain Of Rome aka Fontana Di Trevi
        
0
 
0
0
44
  
FURY OF HERCULES
184
184
   
368
 
368
11,393
45
  
GIANTS OF THESSALY
188
188
   
375
 
375
11,625
46
  
GLADIATORS SEVEN
258
258
   
516
 
516
15,983
47
  
GOWFACE
138
138
   
275
 
275
8,525
48
  
GOUATH vs Giant, aka Goliath Contro I Giganti
119
119
   
238
 
238
7,381
49
  
Guns Are Still Thundering, aka Quel Caldo Maledetto Giorno Di Fuoco
        
0
 
0
0
50
  
HEROD THR GREAT
188
188
   
375
 
375
6,938
51
  
HUNTER OF THE UNKNOWN, aka Agent 3S3 Massacre in the Sun
138
138
   
275
 
275
8,525
52
  
HYNOS
46
46
   
93
 
93
2,868
53
  
JUST BEFORE DAWN
        
0
 
0
257,322
54
  
KINGS PRISONER
46
46
   
93
 
93
2,868
55
  
LAST DAYS OF POMPEII, aka Gli Ultimi Giorni Di Pompei
321
321
   
643
 
643
19,918
56
  
Last Days of the Vikings, Ultimo dei Vikinghi
188
188
   
375
 
375
375
57
  
LOADED GUNS
156
156
   
313
 
313
9,688
58
  
Lonely Hearts aka Cuori Solitari
        
0
 
0
0
59
  
LOVELY BUT DEADLY
        
0
 
0
256,389
60
  
MAKO
276
276
   
553
 
553
17,128
61
  
Massacre in The Black Forest, aka Il Massacro Della Foresta Nera
        
0
 
0
0
62
  
MOONSHINE
414
414
   
828
 
828
25,653
63
  
NO DIAMONDS FOR URSU, aka Diamanti che nessuno voleva rubare
46
46
   
93
 
93
2,868
64
  
OLD TESTAMENT
165
165
   
331
 
331
10,248
65
  
OPERATION
138
138
   
275
 
275
8,525
66
  
Personal Foul
        
0
 
0
0
67
  
PRAY, Prega Per La Tua Morte Sartana aka Sartana
138
138
   
275
 
275
8,525
68
  
PROBABIUlY ZERO
46
46
   
93
 
93
2,868
69
  
PROJECT KILL
184
184
   
368
 
368
11,393
71
  
RAGAN
93
93
   
185
 
185
5,735
72
  
RAMPAGE OF EVIL
93
93
   
185
 
185
5,735
73
  
REBEL GLADIATOR, aka Ursus, il gladiatore ribelle
188
188
   
375
 
375
11,400
74
  
REJUVENATOR
        
0
 
0
(0)
75
  
RELIGION INC
        
0
 
0
0
76
  
RETURN
        
0
 
0
106,264
77
  
REVENGE OF URSUS
38
38
   
75
 
75
2,325
78
  
REVENGE OF IVANHOE
184
184
   
368
 
368
11,393
79
  
REVENGE OF THE BI.K KNT
230
230
   
460
 
460
14,260
80
  
Rings aound the world
165
165
   
330
 
330
10,230
81
  
Roland The Mighty, aka Orlando e I Palladini di Francia
        
0
 
0
0
82
  
SAMSON
165
165
   
331
 
331
10,248
83
  
Satanik
        
0
 
0
0
84
  
SEVEN FROM THEBES
41
41
   
81
 
81
2,512
85
  
Seven Rebel Gladiators , aka Sette Contro Tutti
        
0
 
0
0
86
  
SHARAZ
184
184
   
368
 
368
11,393
87
  
Silence The Witness
        
0
 
0
0
88
  
SON OF ELCID
188
188
   
375
 
375
11,625
89
  
SOULTAKER
5,000
5,000
 
(10,000)
0
 
0
97,293
90
  
SPARTACUS, aka Gli Invincibili Dieci Gladiatori
321
321
   
643
 
643
19,918
91
  
STEPS
184
184
   
368
 
368
11,393
92
  
Street Law
        
0
 
0
0
93
  
Survivor
        
0
 
0
0
94
  
TABOO ISLAND
156
156
   
313
 
313
9,688
95
  
aka Spiaggia Del Desiderio
276
276
   
553
 
553
0
96
  
TARTAR INVASION, aka Ursus e la ragazza Tartara
188
188
   
375
 
375
4,563
97
  
EVIL
414
414
   
828
15,000
15,828
10,653
98
  
Tax Season
        
0
 
0
0
99
  
TEMPLE OF A 1000 UGHT
165
165
   
331
 
331
10,248
100
  
The Last Circus Show , aka Venditore Di Palloncini
        
0
 
0
0
101
  
SLAVE QUEEN
188
188
   
375
 
375
11,625
102
  
The Designated Victim , aka La Vittima Designata
        
0
 
0
0
103
  
TREASURE
184
184
   
368
 
368
11,393
104
  
TREAS. OFTHE AMAZON
      
50,000
50,000
 
50,000
67
105
  
Triumph Of TheTen Gladiators, aka Il Trionfo Dei Dieci Gladiatori
        
0
 
0
17,128
106
  
TEN GLADIATORS
309
309
   
618
 
618
19,143
107
  
Tunis Top Secret aka Tunisi Top Secret
        
0
 
0
0
108
  
Under Cover Of Darkness
        
0
 
0
103,803
109
  
URSUS, aka Ursus nella Valle Dei Leoni
        
0
 
0
11,250
110
  
Ursus
184
184
   
368
 
368
368
111
  
Yeah, My Heart Beats Loud
        
0
 
0
120,203
112
  
Yellow, The Cousins aka Yellow, le cugine
        
0
 
0
0
113
  
DARUAGNAN
125
125
   
250
 
250
7,750
   
Package Sales
        
0
 
0
0
   
Scripts
              
225,000
   
unlocated difference
        
0
 
0
669
                     
   
Totals
28,469
28,469
 
38,000
94,939
15,000
109,939
2,314,843
 
SCHEDULE 1 (Continued)
Juniper Pictures Inc
Analyses of Amortization of Film Library Costs for SB-2 comments 13,14 and 15- Letter 11-22-06
                       
 EVERGREEN PICTURES 12-19-03
 EVALUATION MADE BY OUTSIDE CONSULTANTS
                       
               
Annual
Total
Impairment
General Ledger
     
 Quarterly Impairment Evaluation
  
Amortization
Writeoff
Reevaluation
Balance At
ID
  
Title
03/31/05
06/30/05
09/30/05
12/31/05
Total
2005
2005
2005
12/31/2005
1
  
79 A.D.
    
165
165
331
 
331
(1,692)
11,610
2
  
ABRAXAS
    
3,000
17,000
20,000
 
20,000
(20,000)
11,250
3
  
AGZ-55
    
138
138
275
 
275
3,000
5,250
4
  
PASSPORT
    
138
138
275
 
275
8,250
0
5
  
ALONE V ROME
    
125
125
250
 
250
0
7,500
6
  
An Eye For An Eye aka Un occhio per occhio
        
0
 
0
0
0
7
  
ATLAS CYCLOPS, aka Maciste nella terra dei ciclopi
    
188
188
375
 
375
4,188
7,063
8
  
AVENGER
    
179
179
358
322
680
4,188
6,228
9
  
BANG.BANG
    
165
165
330
 
330
3,000
6,900
10
  
BATTLE OF STARS, aka Anno Zero/Guerra Nello Spazio
        
0
 
0
80,000
7,606
12
  
Black Ribbon For Deborah
        
0
 
0
0
0
13
  
BLACK DUKE
    
188
188
375
 
375
11,250
0
14
  
Black Lemons
        
0
 
0
2
0
15
  
Blood River
        
0
 
0
0
0
16
  
BLUEPRINT
    
138
138
275
 
275
3,000
5,250
17
  
CAESAR THE CONQUEROR, aka Giulio Cesare, Il Conquistatore Delle Gallie
    
188
188
375
 
375
11,250
0
18
  
Cagliostro
        
0
 
0
0
0
19
  
Catamount Killing aka Pittsville-Ein Safe Voll lu
        
0
 
0
0
0
20
  
CATASTROPHE
    
184
184
368
 
368
3,000
8,025
21
  
Catherine & Co (Catherine et Cie)
        
0
 
0
0
0
22
  
CHALLENGE
    
184
184
368
 
368
3,000
8,025
23
  
CONQUEROR OF MARACA)
    
165
165
331
597
928
0
9,320
24
  
CONOUEROR OF THE ORIENT, aka Il Conquistatore dell'Oriente
  
1,375
119
119
1,613
322
1,935
(46)
5,492
25
  
COSMOS
    
174
174
348
 
348
10,431
0
26
  
CRACKDOWN
  
7,750
7,750
 
15,500
 
15,500
48,000
235
27
  
Crossfire, aka Odio Implacabile
        
0
 
0
0
0
28
  
Cry Chicago
        
0
 
0
0
0
29
  
Dark Before Dawn
        
0
 
0
0
0
30
  
Daughter Of Mata Hari
        
0
 
0
0
0
31
  
DAYS OF FURY
        
0
 
0
75,000
7,605
32
  
DESERT WARRIOR
    
125
125
250
 
250
0
7,500
33
  
Devilman Story
        
0
 
0
0
0
34
  
DEVIL’S CAVALIER
    
93
93
185
 
185
5,550
0
35
  
DISCO
    
46
46
93
 
93
2,775
0
36
  
DIXIE LANE
        
0
 
0
0
7,063
37
  
Eagles Attack At Down aka Pritza Hagdola
        
0
 
0
0
0
38
  
ECHOES
        
0
 
0
0
4,688
39
  
Elm Chanted Forest
  
8,250
8,250
 
16,500
681
17,181
145,000
37,118
40
  
ECF-4
    
10,000
 
10,000
 
10,000
65,000
5,482
41
  
ESCAPE FRM SAVEHAVEN
      
5,582
5,582
 
5,582
(5,582)
0
42
  
FISTFUL OF DIAMONDS
    
138
138
275
 
275
3,000
5,250
43
  
Fountain Of Rome aka Fontana Di Trevi
        
0
 
0
0
0
44
  
FURY OF HERCULES
    
184
184
368
 
368
0
11,025
45
  
GIANTS OF THESSALY
    
188
188
375
 
375
11,250
0
46
  
GLADIATORS SEVEN
    
258
258
516
322
837
0
15,146
47
  
GOWFACE
    
138
138
275
 
275
3,000
5,250
48
  
GOUATH vs Giant, aka Goliath Contro I Giganti
    
119
119
238
322
560
6,821
0
49
  
Guns Are Still Thundering, aka Quel Caldo Maledetto Giorno Di Fuoco
        
0
 
0
0
0
50
  
HEROD THR GREAT
  
1,375
188
188
1,750
 
1,750
5,188
0
51
  
HUNTER OF THE UNKNOWN, aka Agent 3S3 Massacre in the Sun
    
138
138
275
 
275
3,000
5,250
52
  
HYNOS
    
46
46
93
 
93
2,775
0
53
  
JUST BEFORE DAWN
  
13,750
13,750
 
27,500
21,704
49,204
167,418
40,700
54
  
KINGS PRISONER
    
46
46
93
 
93
2,775
0
55
  
LAST DAYS OF POMPEII, aka Gli Ultimi Giorni Di Pompei
  
2,750
321
321
3,393
322
3,714
3,750
12,453
56
  
Last Days of the Vikings, Ultimo dei Vikinghi
    
188
188
375
 
375
0
0
57
  
LOADED GUNS
    
156
156
313
 
313
3,000
6,375
58
  
Lonely Hearts aka Cuori Solitari
        
0
 
0
 
0
59
  
LOVELY BUT DEADLY
  
13,750
13,750
 
27,500
615
28,115
197,994
30,280
60
  
MAKO
    
276
276
553
 
553
5,000
11,575
61
  
Massacre in The Black Forest, aka Il Massacro Della Foresta Nera
        
0
 
0
 
0
62
  
MOONSHINE
    
414
414
828
 
828
13,000
11,825
63
  
NO DIAMONDS FOR URSU, aka Diamanti che nessuno voleva rubare
    
46
46
93
 
93
2,775
0
64
  
OLD TESTAMENT
  
2,750
165
165
3,081
322
3,402
0
6,846
65
  
OPERATION
    
138
138
275
 
275
3,000
5,250
66
  
Personal Foul
        
0
 
0
 
0
67
  
PRAY, Prega Per La Tua Morte Sartana aka Sartana
    
138
138
275
 
275
3,000
5,250
68
  
PROBABIUlY ZERO
    
46
46
93
 
93
2,775
0
69
  
PROJECT KILL
    
184
184
368
 
368
3,000
8,025
71
  
RAGAN
    
93
93
185
 
185
5,550
0
72
  
RAMPAGE OF EVIL
    
93
93
185
 
185
3,000
2,550
73
  
REBEL GLADIATOR, aka Ursus, il gladiatore ribelle
    
188
188
375
 
375
11,025
0
74
  
REJUVENATOR
      
16,876
16,876
 
16,876
(16,876)
0
75
  
RELIGION INC
        
0
 
0
0
0
76
  
RETURN
  
3,000
3,000
18,193
24,193
 
24,193
82,071
0
77
  
REVENGE OF URSUS
    
38
38
75
 
75
890
1,360
78
  
REVENGE OF IVANHOE
    
184
184
368
 
368
11,025
0
79
  
REVENGE OF THE BI.K KNT
    
230
230
460
 
460
13,800
0
80
  
Rings aound the world
    
165
165
330
 
330
3,000
6,900
81
  
Roland The Mighty, aka Orlando e I Palladini di Francia
        
0
 
0
 
0
82
  
SAMSON
    
165
165
331
322
652
0
9,596
83
  
Satanik
        
0
 
0
 
0
84
  
SEVEN FROM THEBES
    
41
41
81
322
403
(1,859)
3,968
85
  
Seven Rebel Gladiators , aka Sette Contro Tutti
        
0
 
0
 
0
86
  
SHARAZ
    
184
184
368
 
368
0
11,025
87
  
Silence The Witness
        
0
 
0
 
0
88
  
SON OF ELCID
    
188
188
375
 
375
11,250
0
89
  
SOULTAKER
  
5,000
5,000
37,229
47,229
 
47,229
46,189
3,876
90
  
SPARTACUS, aka Gli Invincibili Dieci Gladiatori
    
321
321
643
 
643
6,816
12,459
91
  
STEPS
    
184
184
368
 
368
8,000
3,025
92
  
Street Law
        
0
 
0
 
0
93
  
Survivor
        
0
 
0
 
0
94
  
TABOO ISLAND
    
156
156
313
 
313
9,375
0
95
  
aka Spiaggia Del Desiderio
        
0
 
0
 
0
96
  
TARTAR INVASION, aka Ursus e la ragazza Tartara
    
188
188
375
 
375
4,188
0
97
  
EVIL
    
414
414
828
 
828
3,000
6,825
98
  
Tax Season
        
0
 
0
 
0
99
  
TEMPLE OF A 1000 UGHT
    
165
165
331
322
652
0
9,596
100
  
The Last Circus Show , aka Venditore Di Palloncini
        
0
 
0
 
0
101
  
SLAVE QUEEN
    
188
188
375
 
375
4,188
7,063
102
  
The Designated Victim , aka La Vittima Designata
        
0
 
0
 
0
103
  
TREASURE
    
184
184
368
 
368
7,000
4,025
104
  
TREAS. OFTHE AMAZON
        
0
 
0
(21,093)
21,160
105
  
Triumph Of TheTen Gladiators, aka Il Trionfo Dei Dieci Gladiatori
    
276
276
553
 
553
10,000
6,575
106
  
TEN GLADIATORS
    
309
309
618
 
618
5,000
13,525
107
  
Tunis Top Secret aka Tunisi Top Secret
        
0
 
0
 
0
108
  
Under Cover Of Darkness
  
10,000
10,000
10,000
30,000
803
30,803
73,000
0
109
  
URSUS, aka Ursus nella Valle Dei Leoni
        
0
 
0
11,250
0
110
  
Ursus
    
184
184
368
 
368
 
0
111
  
Yeah, My Heart Beats Loud
  
7,000
7,000
 
14,000
779
14,779
105,000
424
112
  
Yellow, The Cousins aka Yellow, le cugine
        
0
 
0
 
0
113
  
DARUAGNAN
    
125
125
250
 
250
0
7,500
   
Package Sales
        
0
 
0
 
0
   
Scripts
              
225,000
0
   
unlocated difference
        
0
 
0
 
669
                       
   
Totals
  
76,750
91,969
115,349
284,068
28,075
312,143
1,520,871
481,829
 
SCHEDULE 1.1
Juniper Pictures Inc
Analyses of Impairment Adjustment of Film Library Costs for SB-2 comments 13,14 and 15- Letter 11-22-06
                       
                     
Balance
                 
General
  
Before
                 
Ledger
Total
Impairment
 
DATE
          
 
  
Balance At
Writeoff
Reevaluation
ID
ACQ
  
Title
Year
  
Cast
Director
Genre
12/31/2004
2005
2005
1
1992
  
79 A.D.
1962
  
Brad Harris, Mara Lane
Frank Kramer
Adventure
10,248
331
9,918
2
1993
  
ABRAXAS
1991
  
Jesse Ventura, Damian Lee
Damian Lee
Adventure/Sci-Fi
11,250
20,000
(8,750)
3
1992
  
AGZ-55
1966
  
German Cobos, Yoko Tani
Roberto Bianchi Montero
Adventure/Crime
8,525
275
8,250
4
1992
  
PASSPORT
1965
  
George Ardisson,Barbara Simons
Sergio Sollima
Action
8,525
275
8,250
5
1994
  
ALONE V ROME
1962
  
Rossana Podestà, Lang Jeffries
Luciano Ricci
Action/Adventure/Drama
7,750
250
7,500
6
    
An Eye For An Eye aka Un occhio per occhio
1967
  
Lea Nichols, Julian Raffertry
Miguel Iglesias
Action/Adventure/Drama
0
0
0
7
1995
  
ATLAS CYCLOPS, aka Maciste nella terra dei ciclopi
1961
  
Gordon Mitchell, Chelo Alonso
Antonio Leonviola
Adventure Maciste
11,625
375
11,250
8
1995
  
AVENGER
1966
  
Franco Nero, Alberto Dell'Acqua
Ferdinando Baldi
Adventure
11,095
680
10,415
9
1992
  
BANG.BANG
1968
  
Guy Madison, Tom Bosley
Giorgio Gentili
Western Comedy
10,230
330
9,900
10
1989
  
BATTLE OF STARS, aka Anno Zero/Guerra Nello Spazio
1977
  
John Richardson, Yanti Sommer
Alfonso Brescia
Sci/Fi
87,606
0
87,606
12
    
Black Ribbon For Deborah
1974
  
Gig Young, Bradford Dilfman
Marcello Andrei
Drama/Thriller
0
0
0
13
1996
  
BLACK DUKE
1963
  
Cameron Mitchell,
Pino Mercanti
Adventure/Drama/Romance
11,625
375
11,250
14
    
Black Lemons
1970
  
Antonio Sabato, Florinda Bolkan
Camillo Bazzoni
Crime
2
0
2
15
    
Blood River
1977
  
John Ireland, Fabio Testi
Gianfranco Baldanello
Spaghetti Western Comedy
0
0
0
16
1992
  
BLUEPRINT
1967
  
German Cobos
Roberto Bianchi Montero
Adventure Sci/Fi
8,525
275
8,250
17
1996
  
CAESAR THE CONQUEROR, aka Giulio Cesare, Il Conquistatore Delle Gallie
1962
  
Cameron Mitchell, Rick Battaglia
Tanio Boccia
Adventure
11,625
375
11,250
18
    
Cagliostro
1974
  
Curt Jurgens, Bekim Fehmiu
Daniele Pettinari
Drama
0
0
0
19
    
Catamount Killing aka Pittsville-Ein Safe Voll lu
1974
  
Horst Buchholzz,
Krystof Zanussi
Crime/Drama
0
0
0
20
1992
  
CATASTROPHE
1966
  
Marta Lipinska, Leon Niemczyk
Silvester Checinski
Documentary
11,393
368
11,025
21
    
Catherine & Co (Catherine et Cie)
1975
  
Jane Birkin, Patrick Deaweare
Michael Boisrond
Comedy
0
0
0
22
1992
  
CHALLENGE
1970
  
John Ireland
Leon Klimovsky
Western
11,393
368
11,025
23
1992
  
CONQUEROR OF MARACA)
1960
  
Hans von Borsody, Luisella Boni
Eugenio Martin
Action/Adventure/Drama
10,248
928
9,320
24
1992
  
CONOUEROR OF THE ORIENT, aka Il Conquistatore dell'Oriente
1960
  
Rick Battaglia, Gianna M.Canale
Tanio Bocia
Action/Adventure/Drama
7,381
1,935
5,446
25
1992
  
COSMOS
1977
  
John Richardson, Yanti Sommer
Al Bradley
Sci-fi
10,778
348
10,431
26
1992
  
CRACKDOWN
    
Steward Riley, Leon Stephenson
Paul De Silva
Action/Drama
63,735
15,500
48,235
27
    
Crossfire, aka Odio Implacabile
1947
  
Robert Young, Robert Ryan
Edward Dmytryk
Action
0
0
0
28
    
Cry Chicago
1969
  
Jeffrey Hunter
Javier Seto
Drama/Crime
0
0
0
29
    
Dark Before Dawn
1987
  
Charles Beecham, Becky Borg
Robert Totten
Action/Mystery
0
0
0
30
    
Daughter Of Mata Hari
1954
  
Frank Latimore
Carmine Gallone
Adventure
0
0
0
31
1989
  
DAYS OF FURY
1978
  
Vincent Price, Narrator
Fred Warshovsky
Documentary
82,605
0
82,605
32
1994
  
DESERT WARRIOR
1984
  
Mark Hammon, Luis Prendes
Enzo G. Castellari
Action
7,750
250
7,500
33
    
Devilman Story
1967
  
Guy Madison, Liz Barrett,
Paolo Bianchini
Adventure/Fantasy
0
0
0
34
1992
  
DEVIL’S CAVALIER
1959
  
Gian Maria Canale, Frank Latimore
Siro Marcellini
Adventure/Drama/Crime
5,735
185
5,550
35
1992
  
DISCO
1976
  
John Pool, Jeannie Bell
D'Urville Martin
Action, Musical
2,868
93
2,775
36
1992
  
DIXIE LANE
1988
  
Hoyt Axton, Kevin Black
David Brady
Comedy/Drama
7,063
0
7,063
37
    
Eagles Attack At Down aka Pritza Hagdola
1970
  
Yehuda Barkan, Peter Brown
Mehanem Golan
War/Action/Adventure
0
0
0
38
1992
  
ECHOES
1988
  
Richard Alfieri
Arthur Allan Seidelman
Psycodrama
4,688
0
4,688
39
1992
  
Elm Chanted Forest
1986
  
Animation
Doro Vlado Hrelajnovich
Animation
199,299
17,181
182,118
40
1992
  
ECF-4
1986
  
Animation 4 episodes
Doro Vlado Hrelajnovich
Animation
80,482
10,000
70,482
41
1991
  
ESCAPE FRM SAVEHAVEN
1989
  
William Beckwith,Jessica Dublin
Brian Thomas Jones
Action, adventure
0
5,582
(5,582)
42
1992
  
FISTFUL OF DIAMONDS
1973
  
Emily Brow, Grant Henry
Martin Campbell
Adult comedy
8,525
275
8,250
43
    
Fountain Of Rome aka Fontana Di Trevi
1960
  
Vittorio De Sica, Claudio Villa
Carlo Campogalliani
Comedy
0
0
0
44
1992
  
FURY OF HERCULES
1961
  
Brad Harris
Gianfranco Parolini
Adventure
11,393
368
11,025
45
1995
  
GIANTS OF THESSALY
1960
  
Roland Eavey, Ziva Rodann
Riccardo Freda
S/Adventure
11,625
375
11,250
46
1992
  
GLADIATORS SEVEN
1965
  
Roger Brown, Jeff Cameron
Michele Lupo
Adventure
15,983
837
15,146
47
1992
  
GOWFACE
1967
  
Robert Anthony, Evy Marandi
Bitto Albertini
Adventure
8,525
275
8,250
48
1992
  
GOUATH vs Giant, aka Goliath Contro I Giganti
1962
  
Brad Harris, Fernando Rey
Guido Malatesta
Adventure
7,381
560
6,821
49
    
Guns Are Still Thundering, aka Quel Caldo Maledetto Giorno Di Fuoco
1968
  
Robert Woods, John Ireland
Paolo Bianchini
Adventure
0
0
0
50
1995
  
HEROD THR GREAT
1958
  
Edmund Purdon, Sandra Milo
Arnaldo Genoino
Historic Drama
6,938
1,750
5,188
51
1992
  
HUNTER OF THE UNKNOWN, aka Agent 3S3 Massacre in the Sun
1966
  
George Ardisson, Frank Wolf
Sergio Sollima
Adventure, Action
8,525
275
8,250
52
1992
  
HYNOS
1967
  
Robert Woods
Paolo Bianchini
Thriller
2,868
93
2,775
53
1988
  
JUST BEFORE DAWN
1981
  
George Kennedy, Chris Lemmon
Jeff Lieberman
Horror/Thriller
257,322
49,204
208,118
54
1992
  
KINGS PRISONER
1954
  
Pierre Cressoy, Andree Debar
Giorgio Rivalta
Action, adventure
2,868
93
2,775
55
1992
  
LAST DAYS OF POMPEII, aka Gli Ultimi Giorni Di Pompei
1959
  
Steve Reeves, Fernando Rey
Mario Bonnrad
Adventure
19,918
3,714
16,203
56
    
Last Days of the Vikings, Ultimo dei Vikinghi
1961
  
Cameron Mitchell, Edmund Purdom
Giacomo Gentiluomo
Adventure
375
375
0
57
1992
  
LOADED GUNS
1974
  
Ursula Andress, Woody Strode
Fernando DiLeo
Comedy
9,688
313
9,375
58
    
Lonely Hearts aka Cuori Solitari
1969
  
Ugo Tognazzi, Senta Berger
Franco Giraldi
Drama
0
0
0
59
1988
  
LOVELY BUT DEADLY
1981
  
Lucinda Dooling, John Randolf
David Sheldon
Action/Drama
256,389
28,115
228,274
60
1992
  
MAKO
1976
  
Richard Jaeckel, Harold Sakata
William Grefe
Horror/Thriller
17,128
553
16,575
61
    
Massacre in The Black Forest, aka Il Massacro Della Foresta Nera
1966
  
Cameron Mitchell, Hans V. Borody
Ferdinando Baldi
War/Action/Adventure
0
0
0
62
1992
  
MOONSHINE
1977
  
John Saxon, William Conrad
Gus Trikonis
Action/Crime
25,653
828
24,825
63
1992
  
NO DIAMONDS FOR URSU, aka Diamanti che nessuno voleva rubare
1968
  
Jeanne Valerie,Salvo Randone
Gino Mangini
Action/Crime
2,868
93
2,775
64
1992
  
OLD TESTAMENT
1962
  
Brad Harris, Susan Paget
Gianfranco Parolini
Action/Adventure
10,248
3,402
6,846
65
1992
  
OPERATION
1967
  
George Ardisson
Nick Nostro
Adventure
8,525
275
8,250
66
    
Personal Foul
1987
  
Adam Arkin, David Morse
Ted Lichtenfeld
Drama
0
0
0
67
1992
  
PRAY, Prega Per La Tua Morte Sartana aka Sartana
1968
  
John Garko, William Berger,
Gianfranco Parolini
 
8,525
275
8,250
68
1992
  
PROBABIUlY ZERO
1969
  
Henry Silva, Luigi Casellato
Murizio Lucidi
Thriller/Adventure
2,868
93
2,775
69
1982
  
PROJECT KILL
1977
  
Leslie Nielsen, Gary Lockwood
William Girdler
Action/Drama
11,393
368
11,025
71
1992
  
RAGAN
1967
  
Ty Hardin, Antonella Lualdi
Gilbert Kay
Adventure
5,735
185
5,550
72
1992
  
RAMPAGE OF EVIL
1963
  
Barbara Steele, Fred Williams
Sergio Grieco
Drama / Aventure
5,735
185
5,550
73
1996
  
REBEL GLADIATOR, aka Ursus, il gladiatore ribelle
1963
  
Dan Vadis, Gloria Milland
Domenico Paolella
Adventure
11,400
375
11,025
74
1991
  
REJUVENATOR
1988
  
Vivian Lanko, John Mackay
Brian Thomas Jones
Horror
(0)
16,876
(16,876)
75
1192
  
RELIGION INC
1989
  
Sandra Bullock, George Plimpton
Daniel Adams
Thriller
0
0
0
76
1989
  
RETURN
1986
  
Diana Stoving, Day Whittaker
Andrew Silver
Thriller
106,264
24,193
82,071
77
1992
  
REVENGE OF URSUS
1961
  
Samson Burke
Luigi Capuano
 
2,325
75
2,250
78
1992
  
REVENGE OF IVANHOE
1965
  
Clyde Rogers,
Tanio Boccia
 
11,393
368
11,025
79
1992
  
REVENGE OF THE BI.K KNT
1963
  
Anthony Steffen
Nick Nostro
Drama
14,260
460
13,800
80
1992
  
RINGS
1966
  
Don Ameche, Neil Sedaka
Gilbert Cates
Documentary
10,230
330
9,900
81
    
Roland The Mighty, aka Orlando e I Palladini di Francia
1956
  
Rick Battaglia, Rossana Schiaffino
Pietro Francisi
Adventure
0
0
0
82
1992
  
SAMSON
1961
  
Brad Harris, Brigitte Corey
Gianfranco Parolini
Fantasy
10,248
652
9,596
83
    
Satanik
1968
  
Magda Konopka
Piero Vivarelli
Thriller/Horror
0
0
0
84
1992
  
SEVEN FROM THEBES
1964
  
Andrej Gardenin, M.A. Giordano
Luigi Vanzi
Action/Drama
2,512
403
2,109
85
    
Seven Rebel Gladiators , aka Sette Contro Tutti
1965
  
Roger Browne, Liz Havilland
Michele Lupo
Adventure
0
0
0
86
1992
  
SHARAZ
1968
  
Raf Vallone, Luciana Paluzzi
José Maria Elorrieta
Adventure/Comedy
11,393
368
11,025
87
    
Silence The Witness
1974
  
Bekim Fehmiu
Giuseppe Rosati
Action/Crime
0
0
0
88
1996
  
SON OF ELCID
1965
  
Mark Damon, Antonella Lualdi
Vittorio Cottafavi
Action/Drama
11,625
375
11,250
89
1992
  
SOULTAKER
1990
  
Joe Estevez
Michael Rissi
Fantasy/Horror
97,293
47,229
50,065
90
1992
  
SPARTACUS, aka Gli Invincibili Dieci Gladiatori
1964
  
Dan Vadis, Helga Line
Nick Nostro
Adventure
19,918
643
19,275
91
1992
  
STEPS
1984
  
Irene Papas
Maurizio Dell'Orso
Drama
11,393
368
11,025
92
    
Street Law
1974
  
Franco Nero, Barbara Bach
Enzo G. Castellari
Action/Crime
0
0
0
93
    
Survivor
1987
  
John Carson, Ben Denker
 
Sci-Fi
0
0
0
94
1992
  
TABOO ISLAND
1976
  
Laura Gemser, Arthur Kennedy
Enzo D'Ambrosio
 
9,688
313
9,375
95
    
aka Spiaggia Del Desiderio
    
 
 
 
0
0
0
96
1995
  
TARTAR INVASION, aka Ursus e la ragazza Tartara
1962
  
Yoko Tani, Ettore Mani
Remigio Del Grosso
  
4,563
375
4,188
97
1992
  
EVIL
1978
  
Richard Crenna, Joanna Pettet
Gus Trikonis
Horror
10,653
828
9,825
98
    
Tax Season
1989
  
Fritz Bronner, Debi Fares
Tom Law
  
0
0
0
99
1992
  
TEMPLE OF A 1000 UGHT
1964
  
Richard Harrison
Umberto Lenzi
Adventure
10,248
652
9,596
100
    
The Last Circus Show , aka Venditore Di Palloncini
1974
  
James Whitmore, Lee J. Cobb
Mario Gariazzo
Drama
0
0
0
101
1995
  
SLAVE QUEEN
1958
  
Rafael Luis Calvo
Vittorio Cottafavi
Adventure
11,625
375
11,250
102
    
The Designated Victim , aka La Vittima Designata
1971
  
Tomas Milian, Pierre Clementi
Maurizio Lucidi
Thriller
0
0
0
103
1992
  
TREASURE
1966
  
Cameron Mitchell, Todd Martin
José Maria Elorrieta
Adventure
11,393
368
11,025
104
1994
  
TREAS. OFTHE AMAZON
1985
  
Pedro Armendariz, Bradf.Dillman
Rene Cardona, Jr.
Adventure/Action/Drama
67
0
67
105
1992
  
Triumph Of TheTen Gladiators, aka Il Trionfo Dei Dieci Gladiatori
1963
  
Dan Vadis, Helga Line, S. Kent
Nick Nostro
Action/Adventure/Drama
17,128
553
16,575
106
1992
  
TEN GLADIATORS
1963
  
Roger Browne, Dan Vadis
Gianfranco Parolini
Adventure
19,143
618
18,525
107
    
Tunis Top Secret aka Tunisi Top Secret
1959
  
Elsa Martinelli, Georgia Mell
Bruno Paolinelli
Drama
0
0
0
108
    
Under Cover Of Darkness
1992
  
Richard Bradford, Debra Feuer
Walter Pitt
Drama/Mystery
103,803
30,803
73,000
109
1992
  
URSUS, aka Ursus nella Valle Dei Leoni
1962
  
Ed Fury, Mora Oefei
Carlo Ludovico Bragaglia
Action/Drama
11,250
0
11,250
110
    
Ursus
1961
  
Ed Fury, Mario Scaccia
Carlo Campogalliani
Action/Drama
368
368
0
111
1991
  
Yeah, My Heart Beats Loud
1990
  
Marlene Forte, Elsa Davis
 
 
120,203
14,779
105,424
112
    
Yellow, The Cousins aka Yellow, le cugine
1974
  
Dayle Haddon, Lisa Seagram
Gianfranco Baldanello
Drama
0
0
0
113
1994
  
DARUAGNAN
    
 
  
 
7,750
250
7,500
     
Package Sales
          
0
0
0
     
Scripts
          
225,000
0
225,000
     
unlocated difference
          
669
0
669
                 
0
0
0
     
Totals
          
2,314,843
312,143
2,002,700
 
SCHEDULE 1.1 (Continued)
Juniper Pictures Inc
Analyses of Impairment Adjustment of Film Library Costs for SB-2 comments 13,14 and 15- Letter 11-22-06
                           
             
Discount Factor
  
30%
        
                             
           ESTIMATED REVENUE FORECAST        
           FOR
Discounted
Balance of
Impairment
General Ledger
     
Revenue
Revenue
2007
2008 &
2010 &
2012 &
2014
2015 thru
Estimated
Library
Reevaluation
Balance At
ID
  
Title
2004
2005
  
2009
2011
2013
  
2017
Revenue
After Discount
2005
12/31/2005
1
  
79 A.D.
    
2,000
5,610
4,000
     
(3,239)
6,679
(1,692)
11,610
2
  
ABRAXAS
    
1,000
2,500
5,000
3,750
   
21,000
12,250
(20,000)
11,250
3
  
AGZ-55
      
1,500
1,750
2,000
1,000
 
(2,000)
6,250
3,000
5,250
4
  
PASSPORT
      
500
       
(7,750)
500
8,250
0
5
  
ALONE V ROME
      
1,000
       
(6,500)
1,000
0
7,500
6
  
An Eye For An Eye aka Un occhio per occhio
                
0
0
0
0
7
  
ATLAS CYCLOPS, aka Maciste nella terra dei ciclopi
      
1,000
       
(11,250)
0
4,188
7,063
8
  
AVENGER
      
2,500
2,000
     
(5,915)
4,500
4,188
6,228
9
  
BANG.BANG
      
2,500
2,500
2,500
2,000
 
(400)
9,500
3,000
6,900
10
  
BATTLE OF STARS, aka Anno Zero/Guerra Nello Spazio
    
500
2,500
2,500
2,500
2,000
 
(77,606)
10,000
80,000
7,606
12
  
Black Ribbon For Deborah
                
0
0
0
0
13
  
BLACK DUKE
      
500
1,000
1,000
1,000
1,000
(6,750)
4,500
11,250
0
14
  
Black Lemons
      
1,500
500
5,000
250
750
7,998
8,000
2
0
15
  
Blood River
                
0
0
0
0
16
  
BLUEPRINT
    
1,500
2,250
1,500
     
(3,000)
5,250
3,000
5,250
17
  
CAESAR THE CONQUEROR, aka Giulio Cesare, Il Conquistatore Delle Gallie
    
500
650
650
     
(9,450)
1,800
11,250
0
18
  
Cagliostro
                
0
0
0
0
19
  
Catamount Killing aka Pittsville-Ein Safe Voll lu
                
0
0
0
0
20
  
CATASTROPHE
    
500
1,300
2,500
2,500
2,500
3,000
(11,024)
1
3,000
8,025
21
  
Catherine & Co (Catherine et Cie)
                
0
0
0
0
22
  
CHALLENGE
    
500
1,500
1,500
1,500
750
1,500
(3,775)
7,250
3,000
8,025
23
  
CONQUEROR OF MARACA)
350
850
1,500
2,500
1,500
1,500
750
1,500
1,130
10,450
0
9,320
24
  
CONOUEROR OF THE ORIENT, aka Il Conquistatore dell'Oriente
350
350
1,500
3,000
1,500
     
1,254
6,700
(46)
5,492
25
  
COSMOS
                
(10,431)
0
10,431
0
26
  
CRACKDOWN
    
500
         
(47,735)
500
48,000
235
27
  
Crossfire, aka Odio Implacabile
                
0
0
0
0
28
  
Cry Chicago
                
0
0
0
0
29
  
Dark Before Dawn
                
0
0
0
0
30
  
Daughter Of Mata Hari
                
0
0
0
0
31
  
DAYS OF FURY
    
1,500
3,500
1,500
 
750
 
(75,355)
7,250
75,000
7,605
32
  
DESERT WARRIOR
    
1,500
3,500
1,500
 
750
 
(250)
7,250
0
7,500
33
  
Devilman Story
                
0
0
0
0
34
  
DEVIL’S CAVALIER
    
750
1,500
1,500
 
750
 
(1,050)
4,500
5,550
0
35
  
DISCO
                
(2,775)
0
2,775
0
36
  
DIXIE LANE
    
1,500
         
(5,563)
1,500
0
7,063
37
  
Eagles Attack At Down aka Pritza Hagdola
                
0
0
0
0
38
  
ECHOES
    
1,500
3,500
       
313
5,000
0
4,688
39
  
Elm Chanted Forest
810
1,310
3,500
20,000
15,000
     
(141,498)
40,620
145,000
37,118
40
  
ECF-4
      
2,500
2,500
     
(65,482)
5,000
65,000
5,482
41
  
ESCAPE FRM SAVEHAVEN
                
5,582
0
(5,582)
0
42
  
FISTFUL OF DIAMONDS
    
1,500
5,000
       
(1,750)
6,500
3,000
5,250
43
  
Fountain Of Rome aka Fontana Di Trevi
                
0
0
0
0
44
  
FURY OF HERCULES
    
4,000
6,500
1,000
     
475
11,500
0
11,025
45
  
GIANTS OF THESSALY
    
500
2,500
       
(8,250)
3,000
11,250
0
46
  
GLADIATORS SEVEN
350
350
1,500
6,500
5,000
1,250
1,250
 
1,054
16,200
0
15,146
47
  
GOWFACE
    
1,750
5,000
350
     
(1,150)
7,100
3,000
5,250
48
  
GOUATH vs Giant, aka Goliath Contro I Giganti
350
350
500
2,500
1,500
     
(1,621)
5,200
6,821
(0)
49
  
Guns Are Still Thundering, aka Quel Caldo Maledetto Giorno Di Fuoco
                
0
0
0
0
50
  
HEROD THR GREAT
                
(5,188)
0
5,188
0
51
  
HUNTER OF THE UNKNOWN, aka Agent 3S3 Massacre in the Sun
    
1,250
2,500
1,500
     
(3,000)
5,250
3,000
5,250
52
  
HYNOS
                
(2,775)
0
2,775
0
53
  
JUST BEFORE DAWN
25,000
25,810
25,000
15,000
1,500
     
(115,808)
92,310
167,418
40,700
54
  
KINGS PRISONER
                
(2,775)
0
2,775
0
55
  
LAST DAYS OF POMPEII, aka Gli Ultimi Giorni Di Pompei
350
450
3,500
8,500
1,500
     
(1,903)
14,300
3,750
12,453
56
  
Last Days of the Vikings, Ultimo dei Vikinghi
                
0
0
0
0
57
  
LOADED GUNS
    
1,500
5,500
2,500
     
125
9,500
3,000
6,375
58
  
Lonely Hearts aka Cuori Solitari
      
1,500
       
1,500
1,500
 
0
59
  
LOVELY BUT DEADLY
810
810
5,000
15,000
7,500
2,500
   
(196,654)
31,620
197,994
30,280
60
  
MAKO
    
2,500
7,500
3,150
150
   
(3,275)
13,300
5,000
11,575
61
  
Massacre in The Black Forest, aka Il Massacro Della Foresta Nera
                
0
0
 
0
62
  
MOONSHINE
    
1,500
5,000
4,000
     
(14,325)
10,500
13,000
11,825
63
  
NO DIAMONDS FOR URSU, aka Diamanti che nessuno voleva rubare
                
(2,775)
0
2,775
0
64
  
OLD TESTAMENT
350
350
2,400
5,400
2,000
     
3,654
10,500
0
6,846
65
  
OPERATION
      
4,000
1,500
     
(2,750)
5,500
3,000
5,250
66
  
Personal Foul
                
0
0
 
0
67
  
PRAY, Prega Per La Tua Morte Sartana aka Sartana
15,000
 
5,000
7,500
       
19,250
27,500
3,000
5,250
68
  
PROBABIUlY ZERO
                
(2,775)
0
2,775
0
69
  
PROJECT KILL
    
500
4,500
2,500
 
500
500
(2,525)
8,500
3,000
8,025
71
  
RAGAN
                
(5,550)
0
5,550
0
72
  
RAMPAGE OF EVIL
      
1,750
800
     
(3,000)
2,550
3,000
2,550
73
  
REBEL GLADIATOR, aka Ursus, il gladiatore ribelle
                
(11,025)
0
11,025
0
74
  
REJUVENATOR
                
16,876
0
(16,876)
0
75
  
RELIGION INC
    
1,750
4,500
1,500
     
7,750
7,750
0
0
76
  
RETURN
                
(82,071)
0
82,071
0
77
  
REVENGE OF URSUS
    
500
2,500
1,500
     
(2,249)
1
890
1,360
78
  
REVENGE OF IVANHOE
    
1,000
3,500
2,000
     
(4,525)
6,500
11,025
0
79
  
REVENGE OF THE BI.K KNT
      
2,500
1,500
     
(9,800)
4,000
13,800
0
80
  
RINGS
      
4,500
2,099
     
(3,301)
6,599
3,000
6,900
81
  
Roland The Mighty, aka Orlando e I Palladini di Francia
                
0
0
 
0
82
  
SAMSON
350
850
1,000
4,500
3,500
 
500
 
1,104
10,700
0
9,596
83
  
Satanik
                
0
0
 
0
84
  
SEVEN FROM THEBES
350
350
2,000
3,000
1,000
 
425
 
5,016
7,125
(1,859)
3,968
85
  
Seven Rebel Gladiators , aka Sette Contro Tutti
                
0
0
 
0
86
  
SHARAZ
    
1,000
5,500
4,500
 
1,000
 
975
12,000
0
11,025
87
  
Silence The Witness
                
0
0
 
0
88
  
SON OF ELCID
                
(11,250)
0
11,250
0
89
  
SOULTAKER
    
1,000
3,500
1,000
     
(44,565)
5,500
46,189
3,876
90
  
SPARTACUS, aka Gli Invincibili Dieci Gladiatori
    
1,500
6,500
4,500
 
1,500
1,500
(3,775)
15,500
6,816
12,459
91
  
STEPS
    
2,000
       
1,250
(7,775)
3,250
8,000
3,025
92
  
Street Law
                
0
0
 
0
93
  
Survivor
                
0
0
 
0
94
  
TABOO ISLAND
    
1,000
2,500
1,500
 
1,500
1,500
(1,375)
8,000
9,375
0
95
  
aka Spiaggia Del Desiderio
                
0
0
 
0
96
  
TARTAR INVASION, aka Ursus e la ragazza Tartara
    
300
2,000
       
(1,888)
2,300
4,188
0
97
  
EVIL
    
2,000
6,000
2,850
   
2,000
(9,824)
1
3,000
6,825
98
  
Tax Season
                
0
0
 
0
99
  
TEMPLE OF A 1000 UGHT
350
350
2,500
6,500
2,600
   
2,000
4,704
14,300
0
9,596
100
  
The Last Circus Show , aka Venditore Di Palloncini
                
0
0
 
0
101
  
SLAVE QUEEN
    
750
1,500
       
(11,249)
1
4,188
7,063
102
  
The Designated Victim , aka La Vittima Designata
                
0
0
 
0
103
  
TREASURE
    
1,500
2,500
       
(7,025)
4,000
7,000
4,025
104
  
TREAS. OFTHE AMAZON
    
7,500
7,500
       
(63)
4
(21,093)
21,160
105
  
Triumph Of TheTen Gladiators, aka Il Trionfo Dei Dieci Gladiatori
      
6,340
3,500
     
(6,735)
9,840
10,000
6,575
106
  
TEN GLADIATORS
    
2,500
7,500
4,500
     
(18,524)
1
5,000
13,525
107
  
Tunis Top Secret aka Tunisi Top Secret
                
0
0
 
0
108
  
Under Cover Of Darkness
810
1,310
3,000
         
(67,880)
5,120
73,000
0
109
  
URSUS, aka Ursus nella Valle Dei Leoni
350
350
1,350
         
(9,200)
2,050
11,250
0
110
  
Ursus
                
0
0
 
0
111
  
Yeah, My Heart Beats Loud
810
810
5,000
         
(98,804)
6,620
105,000
424
112
  
Yellow, The Cousins aka Yellow, le cugine
                
0
0
 
0
113
  
DARUAGNAN
    
2,500
5,000
2,500
     
2,500
10,000
0
7,500
   
Package Sales
  
21,250
           
21,250
21,250
 
0
   
Scripts
                
(225,000)
0
225,000
0
   
unlocated difference
760
(500)
            
(409)
260
 
669
                       
0
 
0
   
Totals
47,500
55,400
119,800
266,800
127,249
26,150
19,175
16,500
(1,391,448)
611,251
1,520,871
481,829
 
SCHEDULE 2
 Juniper Group, Inc.
 Analysis of Available Shares
                       
 December 31, 2005
    September 30, 2006
Security
Conversion Price
Face Amount of Debt
Number of Preferred Shares
Shares Converted
 
 
Conversion Price
Face Amount of Debt
Number of Preferred Shares
Shares Converted
  
                       
7% Convertible Notes
0.65
50,000
 
76,923
 
 
0.65
50,000
 
76,923
 
 
 
 
 
 
 
 
 
 
 
 
 
Secured Convertible Notes
50% of weighted average price for twenty days, $.01438 at 12/31/05
500,000
 
34,770,515
 
 
50% of weighted average price for twenty days, $.01708 at 12/31/05
800,000
 
46,838,407
 
 
 
 
 
 
 
 
 
 
 
 
 
12% Non-voting Convertible redeemable preferred stock
2 common for each preferred
 
25,357
15 
(a)
 
2 common for each preferred
 
25,357
15
(a)
 
 
 
 
 
 
 
 
 
 
 
 
Voting Convertible Redeemable Series B Preferred
weighted average price for ten days, $.0269 at 12/31/05
 
135,000
5,018,587
 
 
weighted average price for ten days, $.033 at 12/31/05
 
135,000
4,090,909
 
 
 
 
 
 
 
 
 
 
 
 
 
Options at 12/31/05
 
 
 
1,425,000
 
 
 
 
 
1,425,000
 
 
 
 
 
 
 
 
 
 
 
 
 
Warrants @ 12/31/05
 
 
 
3,566,000
 
 
 
 
 
3,566,000
 
 
 
 
 
 
 
 
 
 
 
 
 
Total exercisable shares
 
 
 
44,857,026
 
 
 
 
 
55,997,241
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shares outstanding
 
 
 
14,232,048
 
 
 
 
 
14,547,448
 
 
 
 
 
 
 
 
 
 
 
 
 
Total shares outstanding and exercisable
 
 
 
59,089,074
 
 
 
 
 
70,544,689
 
 
 
 
 
 
 
 
 
 
 
 
 
Total authorized shares
 
 
 
75,000,000
 
 
 
 
 
750,000,000
 
 
 
 
 
 
 
 
 
 
 
 
 
Excess shares authorized
 
 
 
15,910,926
 
 
 
 
 
679,455,311
 
                       
(a) Based on Stock reversals