EXHIBIT 99.3
WELLS-CTI, INC				RECONCILIATION OF US TRUSTEE FORMAT TO GAAP
FORMS OPR-1 & OPR-2
BALANCE SHEET
AS AT MARCH 29, 2003
						AS REPORTED TO US TRUSTEE			U.S. GAAP ADJUSTMENTS			U.S. GAAP ADJUSTED
ASSETS:  Cash & Cash Equivalent  Accounts Receivable - Trade  Inventory  Prepaid Expenses      Total Current Assets  Plant, Property, & Equip. - Gross  Accm/Depr      Total Fixed Assets  Deposits  Investments & Intraco.  Other Assets      Total Other Assets           TOTAL ASSETS						1,955  1,169,391  1,443,653       123,220  2,738,219  16,200,184  12,528,308  3,671,876  33,422  200,000                      -        233,422     6,643,517			(319,876) (16,162,207) 12,527,182  (63,746) 1,801,583                                 (2,217,064)			1,955  1,169,391  1,123, 777       123,220  2,418,343  37,977          1,126  36,851  (30,324) 2,001,583                  -     1,971,259    4,426,453
LIABILITIES & EQUITY:  Total Debt  Accounts Payable  Accrued Expenses       Total Current Liab. Other Liab.  Long Term Debt      Total Liabilities						41,584,610  234,350      1,756,174  43,575,134  -                      -  43,575,134			(41,584,610)			-  234,350    1,756,174  1,990,524  -                     -  1,990,524
EQUITY  Common Stock/PIC  Currency Translation Adj.  Beginning R/E  Current Earnings      Total Equity						70,157,595  -  (106,806,091)         (283,121)   (36,931,617)			43,386,193  (4,415,161) 396,514			113,543,788  -   (111,221,252)          113,393        2,435,929
TOTAL LIAB. & EQUITY						6,643,517			(2,217,064)			4,426,453
WELLS-CTI, INC			RECONCILIATION OF US TRUSTEE FORMAT TO GAAP
FORM OPR-5
INCOME STATEMENT
FOR THE MONTH OF MARCH 2003
			AS REPORTED TO US TRUSTEE				U.S. GAAP ADJUSTMENTS			U.S. GAAP ADJUSTED
Total Sales			706,347							706,347
Cost Of Sales			444,289				(132,032)			312,257
Gross Margin			262,058				132,032			394,090
Selling/General/Administrative			290,669							290,669
Operating Profit			(28,611)				132,032			103,421
Other Exp/(Income)			(47,752)							(47,752)
Pretax Income/(Loss)			19,141				132,032			151,173
Taxes			-				-			-
Net Income/(Loss)			19,141				132,032			151,173
WELLS-CTI - USA		RECONCILIATION OF US TRUSTEE FORMAT TO GAAP
FORM OPR-6
DIVISIONAL CASH FLOWS
MARCH 2003
					AS REPORTED			U.S. GAAP			U.S. GAAP
					TO US TRUSTEE			ADJUSTMENTS			ADJUSTED
SOURCES:
Net Income from Operations					19,141			132,032			151,173
Borrowed Funds					-			-			-
Troubled Debt Restructuring					-			-			-
IRS Refund					-			-			-
Goodwill Impairment					-			-			-
Cash Item - Miscellaneous					-			-			-
Depreciation and Amortization					132,407			(132,032)			375
Deferred Income Taxes					-			-			-
	TOTAL				151,548			-			151,548
APPLICATIONS:
Accounts Receivable					127,978			-			127,978
Inventory					(69,399)			-			(69,399)
Capital Equipment					36,565			-			36,565
Reduction in Debt					-			-			-
Bank Fees					-			-			-
Accounts Payable					(54,634)			-			(54,634)
Other Working Capital					138,728			-			138,728
	TOTAL				179,238			-			179,238
NET CASH FLOW					(27,690)			-			(27,690)
BEGINNING CASH					29,645			-			29,645
ENDING CASH					1,955			-			1,955
OTHER WORKING CAPITAL
Prepaid Assets					14,474			-			14,474
Intercompany					(313,359)			-			(313,359)
Other Assets					(34,886)			-			(34,886)
Accrued Expenses/Payroll					472,499			-			472,499
	TOTAL				138,728			-			138,728