Selected Historical Financial Information The summary presented below contains financial information of Orbit Garant that is derived from and should be read in conjunction with the historical consolidated financial statements of Orbit Garant and Garant and the notes thereto and with Managements Discussion and Analysis of F inancial Condition and R esults of Operations that are included elsewhere in this prospectus The financial statements have been prepared in accordance with Canadian generally accepted accounting principles Orbit Garant Garant Three Three Nine T welve Months Months Months Months Ended Ended Ended Ended Y ear Ended June 30 March 31 March 31 June 30 June 30 2008 2007 1 2007 1 2007 12 2006 3 2005 3 Contract revenue 22070986 13127435 36732820 43214099 24641773 28003588 Gross profit 7515692 3779406 10600662 12524832 3448730 2858311 General and administrative expenses 1429338 847416 1989799 2434541 813178 764287 Earnings before income taxes and noncontrolling interest EBT 4 4019879 1080628 3167631 4411880 1742932 349455 Net earnings for the period 2823920 637313 1899093 2714289 1082807 277769 Earning per common share basic and fully diluted Basic 011 003 011 1082707 277769 Diluted 011 003 010 6083 1172 T otal assets 86548114 72148562 72148562 11120501 10616240 Net debt 5 30404202 27279864 27279864 4205526 4871544 Cash dividends declared per common share 001 W orking capital 6 9002379 4498119 4498119 1539415 377781 Cash and cash equivalents 299660 4170257 1494525 1494525 320136 748477 Notes 1 R esults of Orbit Garant for the twelve and nine months ended June 30 2007 include results of Orbit from the date of its acq uisition on January 31 2007 and results of Drift from the date of its acquisition on April 16 2007 and results of Orbit Garant for the t hree months ended March 31 2007 include the results of Orbit from the date of its acquisition 2 The figures in the table for the twelve months ended June 30 2007 are based on the consolidated financial statements of Orb it Garant and Garant the predecessor business contained elsewhere in this prospectus and have been calculated by adding the figures of Orbit Garant for the nine months ended June 30 2007 to the figures of Garant for the three months ended September 30 2006 The resu lts of operations for this period are not necessarily indicative of the results of operations to be expected in any given fiscal year 3 R epresents the financial results for Garant the predecessor business for the years ended June 30 2006 and June 30 2005 w hich do not include financial results of Orbit or Drift for such periods since they had not yet been acquired 4 EBT is not a financial or earnings measure recognized by G A AP Therefore it may not be comparable to similar measures presen ted by other issuers including other issuers that operate in the same business as Orbit Garant and it should not be construed as an alternative to net income determined in accordance with G A AP as an indicator of performance of the cash flows from operating investing a nd financing activities or as a measure of the liquidity and funds from operations See NonG A AP Measures F or a reconciliatio n of EBT to net earnings see R econciliations of Historical R esults to EBT EBITD A and Normalized EBITD A in the Selected Financial Information section of this prospectus 5 Net debt is calculated as the sum of bank overdraft bank loan obligations under capital leases including current portion long term debt including current portion less cash and cash in trust 6 W orking capital is calculated as current assets less current liabilities 13