Exhibit 99



CERBCO, Inc.

CONSOLIDATING SCHEDULE  STATEMENT OF OPERATIONS INFORMATION

THREE MONTHS ENDED
MARCH 31, 2005

(unaudited)



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



---

CERBCO, Inc.

CONSOLIDATING SCHEDULE  STATEMENT OF OPERATIONS INFORMATION

NINE MONTHS ENDED
MARCH 31, 2005

(unaudited)



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



---

CERBCO, Inc.

CONSOLIDATING SCHEDULE  BALANCE SHEET INFORMATION

MARCH 31, 2005

(unaudited)



|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|---------------------------------------------------------------------- |  | ------------------------- | --------------- |  | ------------ | ------------ | - | ---------- | --------------------------- |  | ---------------- | --------------- |  | - | ---------- | -
|                                                                       |  | CERBCO, Inc. Consolidated |                 |  |              | Eliminations |   |            | CERBCO, Inc. Unconsolidated |  | INEI Corporation |                
|ASSETS                                                                 |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|                                                                       |  |                           |                 |  |             
|Current Assets:                                                        |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|Cash and cash equivalents                                              |  | $                         | 11,114,002      |  | (D)          |              | $ | (2,719,333 | )                           |  | $                | 11,114,002      |  | $ | 2,719,333  |  
|Cash in escrow                                                         |  |                           | 0               |  | (D)          |              |   | (225,000   | )                           |  |                  | 0               |  |   | 225,000    |  
|Marketable securities                                                  |  |                           | 6,498,604       |  |              |              |   | 0          |                             |  |                  | 6,498,604       |  |   | 0          |  
|Accounts receivable                                                    |  |                           | 131,564         |  | (D)          |              |   | (250,397   | )                           |  |                  | 131,564         |  |   | 250,397    |  
|Inventories                                                            |  |                           | 0               |  | (D)          |              |   | (133,675   | )                           |  |                  | 0               |  |   | 133,675    |  
|Cash surrender value of SERP life insurance Prepaid expenses and other |  |                           | 2,142,66680,683 |  | (D)          |              |   | 0(84,643   | )                           |  |                  | 2,142,66680,683 |  |   | 084,643    |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|TOTAL CURRENT ASSETS                                                   |  |                           | 19,967,519      |  |              |              |   | (3,413,048 | )                           |  |                  | 19,967,519      |  |   | 3,413,048  |  
|                                                                       |  |                           |                 |  |             
|Investment in subsidiary                                               |  |                           | 0               |  | (E)          |              |   | (1,169,937 | )                           |  |                  | 1,169,937       |  |   | 0          |  
|Intercompany receivables and payables                                  |  |                           | 0               |  |              |              |   | 0          |                             |  |                  | 65,393          |  |   | (65,393    | )
|                                                                       |  |                           |                 |  |             
|Property, Plant and Equipment - less accumulated depreciation          |  |                           | 4,130           |  | (D)          |              |   | (59,897    | )                           |  |                  | 4,130           |  |   | 59,897     |  
|                                                                       |  |                           |                 |  |             
|Other Assets:                                                          |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|Deposits and other                                                     |  |                           | 44,489          |  |              |              |   | 0          |                             |  |                  | 44,489          |  |   | 0          |  
|Total assets of discontinued operations                                |  |                           | 3,472,945       |  | (D)          |              |   | 3,472,945  |                             |  |                  | 0               |  |   | 0          |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|TOTAL ASSETS                                                           |  | $                         | 23,489,083      |  |              |              | $ | (1,169,937 | )                           |  | $                | 21,251,468      |  | $ | 3,407,552  |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|LIABILITIES AND STOCKHOLDERS EQUITY                                   |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|                                                                       |  |                           |                 |  |             
|Current Liabilities:                                                   |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|Accounts payable and accrued liabilities                               |  | $                         | 108,367         |  | (D)          |              | $ | (418,167   | )                           |  | $                | 108,367         |  | $ | 418,167    |  
|Accrued SERP liability                                                 |  |                           | 3,668,704       |  |              |              |   | 0          |                             |  |                  | 3,668,704       |  |   | 0          |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|TOTAL CURRENT LIABILITIES                                              |  |                           | 3,777,071       |  |              |              |   | (418,167   | )                           |  |                  | 3,777,071       |  |   | 418,167    |  
|                                                                       |  |                           |                 |  |             
|Total liabilities of discontinued operations                           |  |                           | 732,608         |  | (C)(D)       |              |   | 732,608    |                             |  |                  | 0               |  |   | 0          |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|TOTAL LIABILITIES                                                      |  |                           | 4,509,679       |  |              |              |   | 314,441    |                             |  |                  | 3,777,071       |  |   | 418,167    |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|Non-Owned Interests                                                    |  |                           | 1,819,448       |  | (B)(E)       |              |   | 1,819,448  |                             |  |                  | 0               |  |   | 0          |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|Stockholders Equity:                                                  |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|Common stock                                                           |  |                           | 121,786         |  | (E)          |              |   | (176,086   | )                           |  |                  | 121,786         |  |   | 176,086    |  
|Class B Common stock                                                   |  |                           | 29,009          |  | (E)          |              |   | (11,904    | )                           |  |                  | 29,009          |  |   | 11,904     |  
|Additional paid-in capital                                             |  |                           | 7,683,528       |  | (E)          |              |   | (4,022,324 | )                           |  |                  | 7,683,528       |  |   | 4,022,324  |  
|Retained earnings                                                      |  |                           | 9,325,633       |  | (B)(C)(E)(G) |              |   | (283,125   | )                           |  |                  | 9,640,074       |  |   | (31,316    | )
|Treasury stock                                                         |  |                           | 0               |  | (E)          |              |   | 1,189,613  |                             |  |                  | 0               |  |   | (1,189,613 | )
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|TOTAL STOCKHOLDERS EQUITY                                             |  |                           | 17,159,956      |  |              |              |   | (3,303,826 | )                           |  |                  | 17,474,397      |  |   | 2,989,385  |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  
|TOTAL LIABILITIES AND STOCKHOLDERS EQUITY                             |  | $                         | 23,489,083      |  |              |              | $ | (1,169,937 | )                           |  | $                | 21,251,468      |  | $ | 3,407,552  |  
|                                                                       |  |                           |                 |  |              |              |   |            |                             |  |                  |                 |  |   |            |  



---

CERBCO, Inc.

CONSOLIDATING RECLASSIFICATION AND ELIMINATION ENTRIES

MARCH 31, 2005

(unaudited)



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



---

LOGO



CERBCO, Inc.

1419 Forest Drive, Suite 209  Annapolis  Maryland 21403

Tel: 443.482.3374

Fax: 410.263.2960