Exhibit 99



CERBCO, Inc.

CONSOLIDATING SCHEDULE  STATEMENT OF OPERATIONS INFORMATION

THREE MONTHS ENDED
DECEMBER 31, 2004

(unaudited)



|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|-------------------------------------------- |  | ------------------------- | --------- | ------------ | --- | --------------------------- | - | ---------------- |  | - | --------- |  | - | ---------
|                                             |  | CERBCO, Inc. Consolidated |           | Eliminations |     | CERBCO, Inc. Unconsolidated |   | INEI Corporation
|Sales                                        |  | $                         | 0         |              | (A) |                             | $ | (156,736)        |  | $ | 0         |  | $ | 156,736  
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Costs and Expenses:                          |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Cost of sales                                |  |                           | 0         |              | (A) |                             |   | (103,382)        |  |   | 0         |  |   | 103,382  
|Selling, general and administrative expenses |  |                           | 144,459   |              | (A) |                             |   | (161,781)        |  |   | 144,459   |  |   | 161,781  
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Total Costs and Expenses                     |  |                           | 144,459   |              |     |                             |   | (265,163)        |  |   | 144,459   |  |   | 265,163  
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Operating Loss                               |  |                           | (144,459) |              |     |                             |   | 108,427          |  |   | (144,459) |  |   | (108,427)
|                                             |  |                           |           |              |    
|Investment Income                            |  |                           | 75,793    |              | (A) |                             |   | (14,751)         |  |   | 75,793    |  |   | 14,751   
|Other Income (Expense) - Net                 |  |                           | (10,494)  |              | (A) |                             |   | (12,610)         |  |   | (10,494)  |  |   | 12,610   
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Loss Before Income Taxes                     |  |                           | (79,160)  |              |     |                             |   | 81,066           |  |   | (79,160)  |  |   | (81,066) 
|                                             |  |                           |           |              |    
|Credit for Income Taxes                      |  |                           | 0         |              |     |                             |   | 0                |  |   | 0         |  |   | 0        
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Loss from Continuing Operations              |  |                           | (79,160)  |              |     |                             |   | 81,066           |  |   | (79,160)  |  |   | (81,066) 
|                                             |  |                           |           |              |    
|Loss from Discontinued Operations - Net      |  |                           | 0         |              |     |                             |   | 0                |  |   | 0         |  |   | 0        
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|NET LOSS                                     |  | $                         | (79,160)  |              | (F) |                             | $ | 81,066           |  | $ | (79,160)  |  | $ | (81,066) 
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          



18



---

CERBCO, Inc.

CONSOLIDATING SCHEDULE  STATEMENT OF OPERATIONS INFORMATION

SIX MONTHS ENDED
DECEMBER 31, 2004

(unaudited)



|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|-------------------------------------------- |  | ------------------------- | --------- | ------------ | --- | --------------------------- | - | ---------------- |  | - | --------- |  | - | ---------
|                                             |  | CERBCO, Inc. Consolidated |           | Eliminations |     | CERBCO, Inc. Unconsolidated |   | INEI Corporation
|Sales                                        |  | $                         | 0         |              | (B) |                             | $ | (274,006)        |  | $ | 0         |  | $ | 274,006  
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Costs and Expenses:                          |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Cost of sales                                |  |                           | 0         |              | (B) |                             |   | (203,006)        |  |   | 0         |  |   | 203,006  
|Selling, general and administrative expenses |  |                           | 300,694   |              | (B) |                             |   | (832,629)        |  |   | 300,694   |  |   | 832,629  
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Total Costs and Expenses                     |  |                           | 300,694   |              |     |                             |   | (1,035,635)      |  |   | 300,694   |  |   | 1,035,635
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Operating Loss                               |  |                           | (300,694) |              |     |                             |   | 761,629          |  |   | (300,694) |  |   | (761,629)
|                                             |  |                           |           |              |    
|Investment Income                            |  |                           | 116,248   |              | (B) |                             |   | (31,116)         |  |   | 116,248   |  |   | 31,116   
|Other Income (Expense) - Net                 |  |                           | (17,756)  |              | (B) |                             |   | (46,571)         |  |   | (17,756)  |  |   | 46,571   
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Loss Before Income Taxes                     |  |                           | (202,202) |              |     |                             |   | 683,942          |  |   | (202,202) |  |   | (683,942)
|                                             |  |                           |           |              |    
|Credit for Income Taxes                      |  |                           | (35,000)  |              |     |                             |   | 0                |  |   | (35,000)  |  |   | 0        
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|Loss from Continuing Operations              |  |                           | (167,202) |              |     |                             |   | 683,942          |  |   | (167,202) |  |   | (683,942)
|                                             |  |                           |           |              |    
|Loss from Discontinued Operations - Net      |  |                           | 0         |              |     |                             |   | 0                |  |   | 0         |  |   | 0        
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          
|NET LOSS                                     |  | $                         | (167,202) |              | (G) |                             | $ | 683,942          |  | $ | (167,202) |  | $ | (683,942)
|                                             |  |                           |           |              |     |                             |   |                  |  |   |           |  |   |          



19



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CERBCO, Inc.

CONSOLIDATING SCHEDULE  BALANCE SHEET INFORMATION

DECEMBER 31, 2004

(unaudited)



|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|--------------------------------------------------------------- |  | ------------------------- | ---------- | ------------ | ------------ | --------------------------- | - | ---------------- |  | - | ---------- |  | - | -----------
|                                                                |  | CERBCO, Inc. Consolidated |            | Eliminations |              | CERBCO, Inc. Unconsolidated |   | INEI Corporation
|ASSETS                                                          |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|                                                                |  |                           |            |              |             
|Current Assets:                                                 |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|Cash and cash equivalents                                       |  | $                         | 8,409,774  |              | (D)          |                             | $ | (3,588,051)      |  | $ | 8,409,774  |  | $ | 3,588,051  
|Cash in escrow                                                  |  |                           | 0          |              | (D)          |                             |   | (225,000)        |  |   | 0          |  |   | 225,000    
|Marketable securities                                           |  |                           | 8,510,828  |              |              |                             |   | 0                |  |   | 8,510,828  |  |   | 0          
|Accounts receivable                                             |  |                           | 52,343     |              | (D)          |                             |   | (255,050)        |  |   | 52,343     |  |   | 255,050    
|Inventories                                                     |  |                           | 0          |              | (D)          |                             |   | (138,179)        |  |   | 0          |  |   | 138,179    
|Prepaid expenses and other                                      |  |                           | 18,732     |              | (D)          |                             |   | (7,168)          |  |   | 18,732     |  |   | 7,168      
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|TOTAL CURRENT ASSETS                                            |  |                           | 16,991,677 |              |              |                             |   | (4,213,448)      |  |   | 16,991,677 |  |   | 4,213,448  
|                                                                |  |                           |            |              |             
|Investment in subsidiary                                        |  |                           | 0          |              | (E)          |                             |   | (1,267,985)      |  |   | 1,267,985  |  |   | 0          
|Intercompany receivables and payables                           |  |                           | 0          |              |              |                             |   | 0                |  |   | (33,441)   |  |   | 33,441     
|                                                                |  |                           |            |              |             
|Property, Plant and Equipment - net of accumulated depreciation |  |                           | 4,450      |              | (D)          |                             |   | (59,897)         |  |   | 4,450      |  |   | 59,897     
|                                                                |  |                           |            |              |             
|Other Assets:                                                   |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|Cash surrender value of SERP life insurance                     |  |                           | 2,145,169  |              |              |                             |   | 0                |  |   | 2,145,169  |  |   | 0          
|Marketable securities                                           |  |                           | 993,906    |              |              |                             |   | 0                |  |   | 993,906    |  |   | 0          
|Deposits and other                                              |  |                           | 44,489     |              |              |                             |   | 0                |  |   | 44,489     |  |   | 0          
|Total assets of discontinued operations                         |  |                           | 4,273,345  |              | (D)          |                             |   | 4,273,345        |  |   | 0          |  |   | 0          
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|TOTAL ASSETS                                                    |  | $                         | 24,453,036 |              |              |                             | $ | (1,267,985)      |  | $ | 21,414,235 |  | $ | 4,306,786  
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|LIABILITIES AND STOCKHOLDERS EQUITY                            |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|                                                                |  |                           |            |              |             
|Current Liabilities:                                            |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|Accounts payable and accrued liabilities                        |  | $                         | 22,089     |              | (D)          |                             | $ | (1,066,872)      |  | $ | 22,089     |  | $ | 1,066,872  
|Distributions payable                                           |  |                           | 0          |              |              |                             |   | 0                |  |   | 0          |  |   | 0          
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|TOTAL CURRENT LIABILITIES                                       |  |                           | 22,089     |              |              |                             |   | (1,066,872)      |  |   | 22,089     |  |   | 1,066,872  
|Accrued SERP liability                                          |  |                           | 3,050,334  |              |              |                             |   | 0                |  |   | 3,050,334  |  |   | 0          
|Total liabilities of discontinued operations                    |  |                           | 1,479,361  |              | (C)(D)       |                             |   | 1,479,361        |  |   | 0          |  |   | 0          
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|TOTAL LIABILITIES                                               |  |                           | 4,551,784  |              |              |                             |   | 412,489          |  |   | 3,072,423  |  |   | 1,066,872  
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|Non-Owned Interests                                             |  |                           | 1,971,929  |              | (B)(E)       |                             |   | 1,971,929        |  |   | 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                                               |  |                           | 10,095,000 |              | (B)(C)(E)(G) |                             |   | (631,702)        |  |   | 10,507,489 |  |   | 219,213    
|Treasury stock                                                  |  |                           | 0          |              | (E)          |                             |   | 1,189,613        |  |   | 0          |  |   | (1,189,613)
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|TOTAL STOCKHOLDERS EQUITY                                      |  |                           | 17,929,323 |              |              |                             |   | (3,652,403)      |  |   | 18,341,812 |  |   | 3,239,914  
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            
|TOTAL LIABILITIES AND STOCKHOLDERS EQUITY                      |  | $                         | 24,453,036 |              |              |                             | $ | (1,267,985)      |  | $ | 21,414,235 |  | $ | 4,306,786  
|                                                                |  |                           |            |              |              |                             |   |                  |  |   |            |  |   |            



20



---

CERBCO, Inc.

CONSOLIDATING RECLASSIFICATION AND ELIMINATION ENTRIES

DECEMBER 31, 2004

(unaudited)



|                                                                                                                  |  |   |           |  |   |          
|----------------------------------------------------------------------------------------------------------------- |  | - | --------- |  | - | ---------
|(A)                                                                                                               |  |   |           |  |   |          
|Sales                                                                                                             |  | $ | 156,736   |  |   |          
|Investment income                                                                                                 |  |   | 14,751    |  |   |          
|Other income                                                                                                      |  |   | 12,610    |  |   |          
|Non-owned interests                                                                                               |  |   | 49,340    |  |   |          
|Retained earnings                                                                                                 |  |   | 31,726    |  |   |          
|Cost of sales                                                                                                     |  |   |           |  | $ | 103,382  
|Selling, general and administrative expenses                                                                      |  |   |           |  |   | 161,781  
|To reclassify the discontinued
operations of INEI Corporation for the three months ended December 31, 2004.       |  |   |           |  |   |          
|                                                                                                                  |  |  
|(B)                                                                                                               |  |   |           |  |   |          
|Sales                                                                                                             |  | $ | 274,006   |  |   |          
|Investment income                                                                                                 |  |   | 31,116    |  |   |          
|Other income                                                                                                      |  |   | 46,571    |  |   |          
|Non-owned interests                                                                                               |  |   | 416,272   |  |   |          
|Retained earnings                                                                                                 |  |   | 267,670   |  |   |          
|Cost of sales                                                                                                     |  |   |           |  | $ | 203,006  
|Selling, general and administrative expenses                                                                      |  |   |           |  |   | 832,629  
|To reclassify the discontinued
operations of INEI Corporation for the six months ended December 31, 2004.         |  |   |           |  |   |          
|                                                                                                                  |  |  
|(C)                                                                                                               |  |   |           |  |   |          
|Retained earnings                                                                                                 |  | $ | 412,489   |  |   |          
|Total liabilities of discontinued operations                                                                      |  |   |           |  | $ | 412,489  
|To adjust investment in INEI
Corporation to fair value at December 31, 2004.                                      |  |   |           |  |   |          
|                                                                                                                  |  |  
|(D)                                                                                                               |  |   |           |  |   |          
|Accounts payable and accrued liabilities                                                                          |  | $ | 1,066,872 |  |   |          
|Total assets of discontinued operations                                                                           |  |   | 4,273,345 |  |   |          
|Cash and cash equivalents                                                                                         |  |   |           |  | $ | 3,588,051
|Cash in escrow                                                                                                    |  |   |           |  |   | 225,000  
|Accounts receivable                                                                                               |  |   |           |  |   | 255,050  
|Inventories                                                                                                       |  |   |           |  |   | 138,179  
|Prepaid expenses and other                                                                                        |  |   |           |  |   | 7,168    
|Property, plant and equipment-net                                                                                 |  |   |           |  |   | 59,897   
|Total liabilities of discontinued operations                                                                      |  |   |           |  |   | 1,066,872
|To reclassify the assets and
liabilities of discontinued operations at December 31, 2004.                         |  |   |           |  |   |          
|                                                                                                                  |  |  
|(E)                                                                                                               |  |   |           |  |   |          
|Common stock                                                                                                      |  | $ | 176,086   |  |   |          
|Class B stock                                                                                                     |  |   | 11,904    |  |   |          
|Additional paid-in capital                                                                                        |  |   | 4,022,324 |  |   |          
|Retained earnings                                                                                                 |  |   | 635,485   |  |   |          
|Treasury stock                                                                                                    |  |   |           |  | $ | 1,189,613
|Investment in subsidiary                                                                                          |  |   |           |  |   | 1,267,985
|Non-owned interests                                                                                               |  |   |           |  |   | 2,388,201
|To eliminate investment in INEI
Corporation at December 31, 2004.                                                 |  |   |           |  |   |          
|                                                                                                                  |  |  
|(F)                                                                                                               |  |   |           |  |   |          
|Current period loss adjustments                                                                                   |  | $ | 81,066    |  |   |          
|Retained earnings                                                                                                 |  |   |           |  | $ | 81,066   
|To close out impact of
eliminating entries on statement of operations for the quarter ended December 31, 2004.    |  |   |           |  |   |          
|                                                                                                                  |  |  
|(G)                                                                                                               |  |   |           |  |   |          
|Current year operations adjustments                                                                               |  | $ | 683,942   |  |   |          
|Retained earnings                                                                                                 |  |   |           |  | $ | 683,942  
|To close out impact of
eliminating entries on statement of operations for the six months ended December 31, 2004. |  |   |           |  |   |          



21