Cold Mountain Vineyard, Inc.
Financial Forecast
Summary Financial Information and Ratios
			Year Ending December 31,
			2001		2002		2003		2004		2005		2006		2007		2008		2009		2010
Cases Placed in Production			8,671		9,171		9,171		11,102		11,602		12,102		12,602		12,602		12,602		12,602
Cases Ending Inventory in Process			15,671		18,542		19,842		22,273		23,273		24,773		26,273		27,273		27,773		27,773
Cases Released (Tfr. to finished Goods)			-		6,300		7,871		8,671		10,602		10,602		11,102		11,602		12,102		12,602
Cases Sold			4,200		6,200		7,751		8,151		9,069		10,502		10,802		11,202		11,702		12,202
Cases Ending Inventory Finished Goods			2,300		2,400		2,520		3,040		4,573		4,673		4,973		5,373		5,773		6,173
Average Sales Price per Case			$             187.24		$             192.83		$             198.65		$             204.33		$             208.63		$             211.07		$             217.41		$             223.91		$             230.59		$             237.49
Average Cost per Case			$               64.67		$               68.80		$               68.05		$               73.17		$               77.35		$               79.13		$               81.51		$               84.19		$               87.09		$               89.76
Gross Margin per Case, %			65.46%		64.32%		65.75%		64.19%		62.93%		62.51%		62.51%		62.40%		62.23%		62.20%
Aggregate Gross Margin, % (Inc. Hospitality)			63.65%		64.45%		65.81%		66.77%		64.13%		63.81%		64.39%		63.59%		63.38%		63.04%
Percent of Sales:
	Operating Cash Flow		-18.76%		-7.15%		6.11%		13.89%		6.29%		10.17%		11.03%		11.17%		14.84%		17.17%
	Operating Income		8.23%		24.11%		31.48%		31.20%		27.63%		27.64%		27.31%		27.34%		28.10%		28.62%
	Income Before Income Taxes		0.19%		17.48%		26.17%		25.87%		23.00%		23.65%		24.24%		25.04%		26.09%		27.62%
	Net Income		0.11%		9.77%		15.70%		15.52%		13.80%		14.19%		14.55%		15.03%		15.66%		16.57%
Percent of Weighted Average Equity
	Operating Cash Flow		-89.35%		-43.19%		26.95%		35.44%		13.05%		18.79%		16.95%		14.84%		17.50%		18.17%
	Operating Income		39.18%		145.52%		138.92%		79.63%		57.30%		51.04%		41.96%		36.32%		33.15%		30.29%
	Income Before Income Taxes		0.88%		105.54%		115.52%		66.03%		47.69%		43.68%		37.25%		33.28%		30.78%		29.23%
	Net Income		0.53%		58.98%		69.31%		39.62%		28.62%		26.21%		22.35%		19.97%		18.47%		17.54%
Percent of Weighted Average Assets
	Operating Cash Flow		-14.95%		-7.08%		6.57%		12.81%		5.74%		9.95%		10.70%		10.48%		13.67%		15.09%
	Operating Income		6.56%		23.86%		33.87%		28.78%		25.21%		27.04%		26.50%		25.65%		25.88%		25.14%
	Income Before Income Taxes		0.15%		17.30%		28.17%		23.86%		20.98%		23.14%		23.52%		23.50%		24.03%		24.27%
	Net Income		0.09%		9.67%		16.90%		14.32%		12.59%		13.88%		14.11%		14.10%		14.42%		14.56%
Financial Position
	Current Ratio		1.42		1.52		1.78		2.03		2.31		3.19		4.52		6.43		14.70		16.46
	Acid Test Ratio		0.03		0.11		0.17		0.06		0.06		0.08		0.12		0.14		0.88		2.60
	Debt to Equity Ratio		6.00		4.00		2.20		1.48		1.12		0.71		0.48		0.36		0.21		0.20
	EBDIAT		$           115,146		$           344,669		$           557,647		$           597,080		$           614,369		$           718,068		$           750,602		$           796,414		$           875,729		$           959,004
	Coverage - EBDIA/(CPLTD+Interest)		0.94		2.53		3.50		3.05		3.07		3.64		4.21		4.34		5.08		5.77
Property & Equipment Additions			$             71,600		$             19,214		$             72,574		$           215,474		$           128,443		$             36,998		$             88,443		$           239,887		$             56,332		$           253,443
Inventory Turn - (Inventory/COGS)*12
	Finished Goods, Months		12.6		9.7		9.1		5.2		6.6		5.8		6.0		6.3		6.4		6.6
	Total Inventory, Months		37.6		31.6		30.2		33.7		32.4		29.7		30.6		30.8		30.0		28.6
Balance on Credit Line			$           669,503		$           821,266		$           822,938		$           715,066		$           698,566		$           530,988		$           349,655		$           223,729		$                    -		$                    -
Cold Mountain Vineyard, Inc.
Financial Forecast
Condensed Financial Statements
			Year Ending December 31,
			2001		2002		2003		2004		2005		2006		2007		2008		2009		2010
	Sales		$           819,917		$        1,246,484		$        1,605,351		$        1,736,505		$        1,972,679		$        2,311,178		$        2,448,504		$        2,615,129		$        2,813,377		$        3,021,369
	Cost of Sales		(298,045)		(443,113)		(548,809)		(576,999)		(707,576)		(836,503)		(871,956)		(952,254)		(1,030,171)		(1,116,796)
	Gross Income		521,872		803,371		1,056,542		1,159,506		1,265,102		1,474,675		1,576,548		1,662,875		1,783,206		1,904,573
	Percentage Margin		63.65%		64.45%		65.81%		66.77%		64.13%		63.81%		64.39%		63.59%		63.38%		63.04%
	Operating Expenses:
	Sales & Marketing		260,191		290,293		317,305		370,578		392,139		491,388		510,194		531,304		554,945		579,893
	General & Administrative		194,243		212,609		233,918		247,055		327,822		344,459		397,633		416,713		437,754		459,865
	Income From Operations		67,438		300,469		505,319		541,873		545,142		638,828		668,722		714,858		790,508		864,816
	Other Income (Expense)		(65,918)		(82,550)		(85,133)		(92,585)		(91,382)		(92,127)		(75,160)		(59,909)		(56,418)		(30,222)
	Income Before Syndication Allocation		1,520		217,918		420,186		449,289		453,760		546,701		593,562		654,949		734,090		834,594
	Syndication Allocation		-		(14,940)		-		-		-		-		-		-		-		-
	Income Before Income Taxes		1,520		202,978		420,186		449,289		453,760		546,701		593,562		654,949		734,090		834,594
	Income Tax Provision		(608)		(81,191)		(168,074)		(179,716)		(181,504)		(218,680)		(237,425)		(261,980)		(293,636)		(333,837)
	Net Income		$                  912		$           121,787		$           252,111		$           269,573		$           272,256		$           328,020		$           356,137		$           392,970		$           440,454		$           500,756
	Current Assets		$        1,052,334		$        1,358,108		$        1,612,148		$        1,728,669		$        1,949,358		$        2,110,501		$        2,305,382		$        2,470,182		$        2,709,180		$        3,102,967
	Current Liabilities		(738,530)		(894,442)		(907,055)		(850,930)		(844,049)		(661,948)		(510,183)		(384,112)		(184,322)		(188,562)
	Working Capital		313,803		463,666		705,093		877,739		1,105,309		1,448,553		1,795,198		2,086,070		2,524,858		2,914,405
	Property & Equipment, net		146,559		106,924		127,920		289,187		349,403		308,161		315,723		475,055		447,166		611,533
	Other Assets		4,000		4,000		4,000		4,000		4,000		4,000		4,000		4,000		4,000		4,000
	Long Term Debt		(292,571)		(281,012)		(291,323)		(355,663)		(371,193)		(345,174)		(343,245)		(400,479)		(370,924)		(424,082)
	Shareholders Equity		$           171,791		$           293,578		$           545,690		$           815,263		$        1,087,519		$        1,415,539		$        1,771,676		$        2,164,646		$        2,605,100		$        3,105,856