Exhibit 99.2
 
 EYAK TEK, LLC
A SUBSIDIARY OF EYAK CORPORATION
 FINANCIAL STATEMENTS  (Not covered by Auditors Report)
 DECEMBER 31, 2005




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PageFinancial Statements  (Not covered by Auditors Report)Balance Sheet
    
    
    2  3Statement of Income
    
    
    4Statement of Members Equity
    
    
    5Statement of Cash Flows
    
    
    6  7Notes to Financial Statements
    
    
    8  14
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Eyak Technology, LLC
 Balance Sheet
 (Not covered by AuditorsReport)December 31,
    
    2005AssetsCurrent assetsCash and cash equivalents
    
    $
    4,504,928Accounts receivable
    
    
    15,999,972Deferred contract costs
    
    
    3,315,439Prepaid expenses
    
    
    1,022,156Total current assets
    
    
    24,842,495Property and equipment, net
    
    
    236,582Other assetsLoans receivable  related parties
    
    
    157,644Deposits
    
    
    69,622Total other assets
    
    
    227,266Total assets
    
    $
    25,306,343
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Eyak Technology, LLC
 Balance Sheet
 (Not covered by AuditorsReport)2005Liabilities and Members EquityCurrent liabilitiesAccounts payable and accrued expenses
    
    $
    15,079,764Accounts payable  related party
    
    
    4,727,071Accrued salaries and related liabilities
    
    
    171,111Deferred revenue
    
    
    3,602,624Total current liabilities
    
    
    23,580,570Long term liabilitiesDeferred rent
    
    
    129,780Total liabilities
    
    
    23,710,350Commitments and contingenciesMembers equity
    
    
    1,595,993Total liabilities and members equity
    
    $
    25,306,343
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Eyak Technology, LLC
 Statement of Income
 (Not covered by AuditorsReport)Years Ended December 31,
    
    2005Product revenue
    
    $
    48,365,805Services revenue
    
    
    24,097,588Total revenue
    
    
    72,463,393Product direct cost (related party purchases of $14,587,528
and $26,156,737 in 2006 and 2005, respectively;
see footnote 10)
    
    
    45,378,976Services direct costs
    
    
    19,771,914Total direct costs
    
    
    65,150,890Product gross margin
    
    
    2,986,829Services gross margin
    
    
    4,325,674Total gross margin on revenue
    
    
    7,312,503Selling, general and administrative costs
    
    
    7,217,061Income from operations
    
    
    95,442Other income (expense)Interest income
    
    
    33,573Interest expense
    
    
    Total
    
    
    33,573Net income
    
    $
    129,015
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Eyak Technology, LLC
 Statement of Members Equity   (Not covered by Auditors Report)
 Year Ended December 31, 2005Balance, January 1, 2005
    
    $
    1,766,978Distributions
    
    
    (300,000
    )Net income
    
    
    129,015Balance, December 31, 2005
    
    
    1,595,993
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Eyak Technology, LLC
 Statement of Cash Flows
 (Not covered by AuditorsReport)Years Ended December 31,
    
    2005Cash flows from operating activitiesNet income
    
    $
    129,015Adjustments to reconcile net income to net cash
(used) provided by operating activitiesDepreciation and amortization
    
    
    89,259(Increase) decrease inAccounts receivable
    
    
    (10,481,344
    )Deferred contract costs
    
    
    384,485Prepaid expenses
    
    
    426,914Deposits
    
    
    12,612Increase (decrease) inAccounts payable and accrued expenses
    
    
    11,915,626Accounts payable  related party
    
    
    1,736,374Accrued salaries and related liabilities
    
    
    (493,555
    )Deferred revenue
    
    
    (1,571,687
    )Deferred rent
    
    
    129,780Net cash (used) provided by operating activities
    
    
    2,277,479Cash flows from investing activitiesPurchases of property and equipment
    
    
    (227,766
    )Advances to related party
    
    
    (144,019
    )Net cash used by investing activities
    
    
    (371,785
    )
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Eyak Technology, LLC
 Statement of Cash Flows(continued)
 (Not covered by AuditorsReport)Years Ended December 31,
    
    2005Cash flows from financing activitiesProceeds from borrowings under STAR agreement
    
    
    Distributions
    
    
    (300,000
    )Net cash provided (used) by financing activities
    
    
    (300,000
    )Net change in cash and cash equivalents
    
    
    1,605,694Cash and cash equivalents at beginning of year
    
    
    2,899,234Cash and cash equivalents at end of year
    
    $
    4,504,928
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Eyak Technology, LLC
 Notes to Financial Statements  (Not covered by Auditors Report)
 1.
    
    
    Organization and significant
accounting policies
    
    Organization: Eyak
Technology, LLC (the
Company and Eyaktek), a
subsidiary of The Eyak
Corporation, was
incorporated on January 2,
2002, under the laws of the
State of Delaware. The
Company provides
communication solutions,
information technology
solutions, health care
services, and architecture
and engineering services to
government and civilian
federal agencies.
The Company is an Alaskan
Native owned 8(a) certified
contractor under a program
administered by the U.S.
Small Business
Administration (SBA) and
will graduate from the 8(a)
program in May 2011. GTSI
Corporation is a 37% member
in the Company.Revenue:The Company
recognizes revenue from
product sales when title
passes to the customer,
typically upon delivery.
When a customer order
contains multiple items such
as hardware, software and
services which are delivered
at varying times, the
Company determines whether
the delivered items can be
considered separate units of
accounting as prescribed
under Emerging Issues Task
Force (EITF) Issue
No. 00-21, Revenue
Arrangements with Multiple
Deliverables(EITF 00-21).
EITF 00-21 states that
delivered items should be
considered separate units of
accounting if delivered
items have value to the
customer on a standalone
basis, there is objective
and reliable evidence of the
fair value of undelivered
items, and if delivery of
undelivered items is
probable and substantially
in Eyak Teks control.Generally, the Company is
able to establish fair value
for all elements of the
arrangement. In these
instances, revenue is
recognized on each element
separately. However, if fair
value cannot be established
or if the delivered items do
not have standalone value to
the customer without
additional services being
provided, the Company
recognizes revenue on the
contract as a single unit of
accounting.In most cases, revenue from
hardware and software
product sales is recognized
when title passes to the
customer. Based upon the
Companys standard shipping
terms, FOB destination,
title passes upon delivery
of the products to the
customer. However,
occasionally Eyak Teks
customers will request
bill-and-hold transactions
in situations where the
customer does not have space
available to receive
products or is not able to
immediately take possession
of products for other
reasons, in which case Eyak
Tek will store the purchased
equipment in its
distribution center. Under
Staff Accounting Bulletin
104, the Company only
recognizes revenue for
bill-and-hold transactions
when the goods are complete
and ready for shipment,
title and risk of loss have
passed to the customer,
management receives a
written request from the
customer for bill-and-hold
treatment, and the ordered
goods are physically
segregated in Eyak Teks
warehouse from other
inventory and cannot be used
to fulfill other customer
orders.In accordance with EITF
Issue No. 00-10, Accounting
for Shipping and Handling
Fees and Costs,the Company
records freight billed to
customers as sales and the
related shipping costs as
cost of sales.
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Eyak Technology, LLC
 Notes to Financial Statements  (Not covered by Auditors Report)
 Revenue from fixed-price
type service contracts is
recognized under the
proportional performance
method of accounting, with
costs and estimated profits
included in contract revenue
as work is performed. If
actual and estimated costs
to complete a contractindicate a loss, a provision
is made currently for the
loss anticipated on the
contract. Revenue from time
and materials contracts is
recognized as costs are
incurred at amounts
represented by the
agreed-upon billing amounts.
Occasionally the Company
hires third party
contractors to carry out our
service obligations. In
this circumstance, revenue
is recognized over the
performance period.Revenue recognized on
contracts for which billings
have not been presented to
customers at year end is
included in the accounts
receivable classification on
the accompanying balance
sheet.Payments received in advance
of the performance of
services are included in the
accompanying balance sheet
as deferred revenue.Cash and cash equivalents: For purposes of financial
statement presentation, the
Company considers all highly
liquid debt instruments with
initial maturities of ninety
days or less to be cash
equivalents. The Company
maintains cash balances
which may exceed federally
insured limits. Management
does not believe that this
results in any significant
credit risk.Accounts receivable: The
Company provides for an
allowance for doubtful
accounts based on
managements best estimate
of possible losses
determined principally on
the basis of historical
experience and specific
allowances for known
troubled accounts, if
needed. All accounts, or
portions thereof that are
deemed to be uncollectible
or that require an excessive
collection cost are written
off to the allowance for
doubtful accounts. At
December 31, 2005,
management deemed all
accounts receivable to be
collectible.Marketing assistance fees: The Company has entered into
agreements that provide for the payment of marketing assistance
fees from certain vendors based on the amount of products sold.
These fees are considered to be a reduction of direct costs.Deferred contract costs: Deferred contract costs consist
primarily of amounts paid to third party vendors in support of
annual or periodic service agreements directly related to amounts
included in deferred revenue at the period end. These annual or
periodic service agreements relate to contracts to provide
satellite bandwidth; computer and networking hardware maintenance;
software support and upgrade rights; and other service agreements.
Deferred contract costs are charged to direct costs in the period
in which the service is rendered to the customer.Prepaid expenses: Direct cost payments made to vendors in advance
of performance of services or shipments of products are charged to
prepaid expenses in the accompanying balance sheet. Payments made
to vendors in advance of performance of services for indirect
costs are charged to prepaid expenses in the accompanying balance
sheet. Prepaid expenses are charged to direct and indirect costs
in the period in which the service or product is rendered to the
Company.
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Eyak Technology, LLC
 Notes to Financial Statements  (Not covered by Auditors Report)
 Property and equipment: Property and equipment are recorded at
the original cost and are being depreciated on a straight-line
basis over estimated lives of three to seven years. Leasehold
improvements are amortized over the life of the assets or the
remaining period of the lease whichever is shorter.Deferred rent: The Company recognizes the minimum non-contingent
rents required under operating leases as rent expense on a
straight-line basis over the life of the lease, with differences
between amounts recognized as expense and the amounts actually
paid recorded as deferred rent on the accompanying balance sheet.Income taxes: The Company is taxed as a partnership, and
therefore, does not pay Federal and state corporate income taxes
since the tax attributes of the Company are reported on the
members income tax returns. Consequently, no provision for income
taxes has been provided in the accompanying financial statements.Use of accounting estimates: The
preparation of financial statements in
conformity with accounting principles
generally accepted in the United States
of America requires management to make
estimates and assumptions that affect the
reported amounts of assets and
liabilities and disclosure of contingent
assets and liabilities at the date of the
financial statements and the reported
amounts of revenues and expenses during
the reporting period. Actual results could differ from those estimates.2.
    
    
    Accounts receivable
    
    Accounts receivable at December 31 2005,
consist of amounts due under contracts in
progress with Federal government
agencies, primarily the Department of
Defense, and commercial entities. The
components of accounts receivable are:
 2005Billed receivables
    
    $
    15,921,301Unbilled receivables
    
    
    78,671Total
    
    $
    15,999,972
 Of the billed receivables outstanding as
of December 31, 2005, approximately 55%
are due from one customer. During the
year ended December 31, 2005,
approximately 46% of total contract
revenues were generated from three
customers.
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Eyak Technology, LLC
 Notes to Financial Statements  (Not covered by Auditors Report)
 4.
    
    
    Prepaid expenses
    
    Prepaid expenses consist of the following at December 31, 2005.
 2005Prepaid direct contract costs
    
    $
    782,498Prepaid indirect costs
    
    
    239,658Total
    
    $
    1,022,156
 5.
    
    
    Property and
equipment
    
    Property and equipment consist of the following at December 31, 2005.
 2005Furniture, fixtures and equipment
    
    $
    300,181Software
    
    
    32,849Leasehold improvements
    
    
    54,966Total
    
    
    387,996Less: Accumulated depreciation
    
    
    (151,414
    )Net
    
    $
    236,582
 6.
    
    
    Accounts payable
and accrued
expenses
    
    Accounts payable and accrued expenses consist of the following at December
31, 2005.
 2005Trade payables
    
    $
    14,703,956Other accrued expenses
    
    
    375,808Total
    
    $
    15,079,764
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Eyak Technology, LLC
 Notes to Financial Statements  (Not covered by Auditors Report)
 7.
    
    
    Note payable  line of credit
    
    The Company has a revolving
line of credit agreement with
GTSI Corp. which expires on
June 25, 2006. Under the
terms of the agreement, the
Company could borrow up to
$1,500,000, with interest at
the London InterBank Offered
Rate (LIBOR) plus 2.5%. The
line is secured by
substantially all of the
Companys assets and contains
various financial covenants,
including the requirement to
maintain a funded indebtness
to EBITDA ratio of no greater
than 7 to 1, a minimum EBIT
to net sales ratio of no less
than .5%, and minimum
tangible net assets of not
less than $375,000. At
December 31, 2005, the
Company was in violation of
the EBIT to net sales ratio
and received a waiver of the
covenant from the lender as
of December 31, 2005. The
Company did not utilize the
line of credit during 20058.
    
    
    Retirement plan
    
    The Company sponsors a 401(k)
tax deferred retirement plan
under the Internal Revenue
Code to provide retirement
benefits for all eligible
employees. Participating
employees may voluntarily
contribute up to limits
provided by Internal Revenue
Service regulations. The
Company did not make any
contributions to the plan
during the year ended
December 31, 2005.9.
    
    
    Operating leases
    
    The Company is obligated, as
lessee, under non-cancelable
operating leases for office
space in Alaska,
Pennsylvania, and Virginia.
The minimum payments required
under the leases are expensed
on a pro rata basis over the
term of the leases. The
difference between the
amounts expensed and the
required lease payments is
reflected as deferred rent in
the accompanying balance
sheet.The following is a schedule by years of future minimum rental payments
required under the operating leases that have an initial or remaining
non-cancelable lease term in excess of one year as of December 31, 2005:
 Year EndingDecember 31
    
    Total2006
    
    $
    280,5042007
    
    
    287,9472008
    
    
    301,7792009
    
    
    239,621Total
    
    $
    1,109,851
 Total rent expense for the year ended December 31, 2005 was $241,409.10.
    
    
    Related party
transactions
    
    The Company has an unsecured loan to The Eyak Corporation, a 51% member in
the Company. Interest is due annually at 3.75% and there are no stated
repayment terms. The balance at December 31, 2005 with accrued interest is
$14,257.
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Eyak Technology, LLC
 Notes to Unaudited Financial Statements
 During the year ended December 31, 2005, the Company provided assistance to
a wholly-owned subsidiary of The Eyak Corporation, Eyak Environmental
Sciences, LLC (EES), in the form of managerial governance and project
management. In the course of this assistance, the Company paid on behalf of
EES operating expenses in the amount of $268,411, which is to be fully
reimbursable to the Company by The Eyak Corporation. The balance at
December 31, 2005 is $143,387.
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Eyak Technology, LLC
 Notes to Financial Statements  (Not covered by Auditors Report)
 The Company executed a
mentor-protege agreement with
GTSI Corporation, a 37%
member in the Company. As
part of the mentor-protege
relationship, the Company
purchases products offered
for resale directly from
GTSI. During the year ended
December 31, 2005, the
Company purchased $26,156,737
of products from GTSI. Sales
commissions are allocated
between the Company and GTSI
based on 4.75% and 12.5%,
respectively, of gross profit
margin from transactions when
the Company resells GTSIs
products. The adjusted gross
profit margin for these
transactions is then
allocated 51% and 49% between
the Company and GTSI. The
amounts due o GTSI under this
agreement were $418,744 at
December 31, 2005.At December 31, 2005, the
Company has outstanding
accounts payable to GTSI of
$4,308,327 for purchases of
GTSIs products.During the year ended
December 31, 2005, the
Company recorded $45,800 of
expenses to the Andrews
Group, Inc., a Company owned
by a member of the Companys
board of directors, for
subcontractor services.The Company leases office
space from the Andrews Group
in Anchorage, Alaska with an
annual term that expires in
2006. Payments are due
monthly in the amount of
$900. During the year ended
December 31, 2005, rent
expense under this lease was
$10,800.11.
    
    
    Commitments and contingencies
    
    The Company derives a
substantial portion of its
revenue under contracts with
the Federal government. These
revenues are subject to
adjustment upon audit.
Management does not expect
such adjustments, if any, to
have a material effect on the
Companys financial position
or results of operations.The Company is occasionally
involved in various lawsuits,
claims, and administrative
proceedings arising in the
normal course of business.
The Company believes that any
liability or its loss
associated with such matters,
individually or in aggregate
will not have a material
adverse effect on the
Companys financial condition
or its results of operations.
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