Exhibit 99.2

Conversion Services International, Inc.
Pro Forma Balance Sheet
As of September 30, 2007
				Pro Forma
	As Reported			Adjustments				Pro Forma
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash	$	29,479		$	2,200,000		(a)	$	2,229,479
Accounts receivable, net		3,220,713							3,220,713
Accounts receivable from related parties, net		326,741							326,741
Prepaid expenses		115,495							115,495
TOTAL CURRENT ASSETS		3,692,428			2,200,000				5,892,428
PROPERTY AND EQUIPMENT		188,148							188,148
OTHER ASSETS
Goodwill		6,269,650							6,269,650
Intangible assets, net		875,177							875,177
Deferred financing costs, net		14,348							14,348
Discount on debt issued, net		526,310							526,310
Equity investments		84,952							84,952
Other assets		304,844							304,844
		8,075,281			-				8,075,281
Total Assets	$	11,955,857		$	2,200,000			$	14,155,857
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES
Line of credit	$	1,915,045						$	1,915,045
Current portion of long-term debt		15,258							15,258
Accounts payable and accrued expenses		2,436,935			(536,301	)	(b)		1,900,634
Short term notes payable		2,935,191			(2,280,637	)	(c)		654,554
Deferred revenue		34,430							34,430
Related party note payable		98,999							98,999
TOTAL CURRENT LIABILITIES		7,435,858			(2,816,938	)			4,618,920
LONG TERM DEBT, net of current portion		1,834,111			(325,209	)	(d)		1,508,902
DEFERRED TAXES		363,400							363,400
Total Liabilities		9,633,369			(3,142,147	)			6,491,222
SERIES A CONVERTIBLE PREFERRED STOCK		633,333							633,333
COMMITMENTS AND CONTINGENCIES		-							-
STOCKHOLDERS' EQUITY
Common stock		77,923			33,367		(e)		111,290
Series B Convertible Preferred Stock		1,352,883							1,352,883
Additional paid in capital		59,076,236			5,308,780		(f)		64,385,016
Treasury stock		(423,869	)						(423,869	)
Accumulated deficit		(58,394,018	)						(58,394,018	)
Total Stockholders' Equity		1,689,155			5,342,147				7,031,302
Total Liabilities and Stockholders' Equity	$	11,955,857		$	2,200,000			$	14,155,857

Notes to Pro Forma Balance Sheet as of September 30, 2007:

(a)   Represents cash received from common stock purchase.

(b)   Represents liabilities settled by issuing common stock, primarily dividends and interest on notes payable.

(c)   Represents the settlement of short term liabilities via issuance of Company common stock.

(d)   Represents the exchange of long term note payable for Company common stock.

(e)   Represents the number of shares issued at the $0.001 per share par value.

(f)   Represents the value of cash received and liabilities settled for common stock in excess of the par value of the shares.