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Technology Stocks : REFERENCE

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To: C.K. Houston who wrote ()11/22/1997 8:53:00 AM
From: C.K. Houston   of 411
 
PRIVATE PLACEMENT
===============================================================
FROM: Scott Liolios, Pacific Consulting Group
DATE: 97-11-21 14:39 EST


It is no secret that the company has been working on a private placement. The private is being underwritten by Hanifen Imhoff. It is going to a handful of institutional investors.

However I can not confirm if it has been completed yet, but I did hear it was expected to be completed by today. I will tell you from experience that an offering usually take longer than expected. Therefore, I would expect it to be completed by Tue. Wed of next week.

I also believe the PPM is why the stock volume has slowed down. Once this has closed I believe the stock will continue with its normal trading. Please contact with questions.
Email response to Biffpincus from Scott Liolios

NOTE: TokyoMex indicated PP (0.7MM-1.0MM Restricted Shares) was completed Fri 11/21, but TPRO has not yet issued official confirmation or announcement.
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