Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: KZAP who wrote (77254)	5/31/2002 3:34:07 PM
From: bigbuk	Read Replies (1) of 122087

KZAP -- SEC investagation QTEK ? WOW --your name on that ? SEC Inquiry During the first quarter of 2002, the Company learned the Securities and Exchange Commission has undertaken an informal inquiry to determine whether violations of federal securities laws may have occurred in connection with sales of securities issued by the Company or the Company’s affiliate, Panamed Corporation. The Company believes that the inquiry relates mainly to press releases issued in October 2001 about the formation of PanaMed and in January and March 2002 about the attempts to begin selling equipment in Central Europe, and about the trading patterns in the Company’s securities around the time those announcements were made. The Company does not believe the inquiry will have an adverse effect on the financial statements. In October 2001, the Company sold 2,000,000 shares of common stock to an investor. The agreement stipulated that the Company would file a registration statement for the investor’s stock within 30 days of the sale. As of March 31, 2002, the registration statement has not been filed. The Company is negotiating a settlement to the agreement.

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