NOTICE TO INVESTORS
LAYTON, UT: A report, dated June 22, 2000, issued by Steve Pluvia, a pseudonym, attempts to discredit the Company and the reputation of certain of its officers. We have reviewed the report in its entirety and find it to be incomplete and misleading. We have forwarded the report to our attorneys for review and to determine an appropriate course of action.
Based on information and conversation we see going on within the Internet chat sites, it is our opinion that much of the investment information accessed through such forums is speculative, lacks substance, is unreliable and is often promoted by individuals with a personal interest in seeing a security trade one way or the other. Each investor must determine whether Internet chat rooms provide them with the information they desire when making prudent investment decisions.
On June 20, 2000, we filed a Registration Statement with the Securities and Exchange Commission to begin the process of registering 23.4 million shares of our common stock. An online copy of our Registration Statement can be found using the SEC?s EDGAR database. 16.7 million of the shares being registered represent shares and warrants that we issued in connection with our most recent private placement. The remaining 6.7 million shares being registered represent shares, warrants or options issued in connection with our acquisition of Bales Scientific, our private placement with Informix, and miscellaneous other transactions. Pages 49 and 50 of our Registration Statement provide complete descriptions of the shares being registered. We have a legal obligation to register such shares so that those holding such shares can, if they choose, trade their securities without restriction. The shares will not be registered until the Securities and Exchange Commission declares the Registration Statement effective. We do not know when that time will be.
Please note that throughout our Registration Statement, individuals holding restricted securities for which registration is being sought are referred to as ?Selling Shareholders?. This does not mean that once their shares are registered that they will, or must, sell their shares. Rather, it simply means those shares will no longer be subject to the Rule 144 holding restrictions.
Quote of the Day: Brigadier General Leon C. Packer, WWII bomber pilot ? ?The closer you get to the target, the stronger the Flak comes.?
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