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To: RSkarsten who wrote (687)	12/22/1998 9:28:00 PM
From: Jeffrey L. Henken	of 939

Here is NHLT's problem: Management believes that the Company has sufficient capital resources to fund its anticipated operations until some time in the fourth quarter of 1998. Management estimates that its current level of operations requires approximately $80,000 per month in cash based upon average monthly cash flows during the first nine months of 1998. Although management believes that sales of the POWERX Card will improve appreciably during the next several quarters, unless the Company is able to raise additional revenue from operating activities or from additional sales of corporate debt or equity securities, the Company may encounter a cash flow shortage in the fourth quarter of 1998. To overcome this potential cash flow shortage, management intends to seek additional equity or debt capital through private sources, although there can be no assurance such fund will be available. As of the date hereof, the Company has not entered into any firm agreements or understanding for the raising of capital from private sources. sec.yahoo.com Limited upside unless funding is acquired in the right fashion. Regards, Jeff

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