In June 1998 the FASB issued SFAS N° 133 "Accounting for Derivative Instruments and Hedging Activities" which was subsequently amended by SFAS N° 137 "Accounting for Derivative Instruments and Hedging Activities-Deferral of the Effective Date of FASB Statement N° 133" and is now effective for fiscal years beginning after June 15, 2000. The Statement requires an entity to recognize all derivatives as either assets or liabilities in the balance sheet and to measure those instruments at fair value. The Company does not currently utilize derivative instruments and consequently, the Statement will not have an impact on the Company. In April 1998 the AICPA issued Statement of Position 98-5 ("SOP 98-5"), "Accounting for the Costs of Start-Up Activities". SOP 98-5 requires all costs of start-up activities (as defined by the SOP) to be expensed as incurred. The Company has historically expensed all start-up costs as incurred. Consequently, this Statement will not have an impact on the Company. In March 1998 the American Institute of Certified Public Accountants ("AICPA") issued Statement of Position (SOP) 98-1, "Accounting for the Costs of Computer Software Developed or Obtained for Internal Use". This SOP provides authoritative guidance for the capitalization of certain computer software costs developed or obtained for internal applications. Costs incurred during the preliminary project stage and the post implementation/operation stage as well as training and maintenance costs are to be expensed as incurred. The Company has historically expensed computer software costs as incurred and consequently, this Statement will not have an impact on the Company.