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Microcap & Penny Stocks : Zulu-tek, Inc. (ZULU)

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To: aleta who wrote (3598)3/13/1998 4:53:00 PM
From: tahoeman  Read Replies (3) of 18444
 
To ALL: Questions and Answers from ESVS and ZULU....

Enhanced Services Company and ZULU Group Announcement Question-and-Answer

1Q: What is Steve Lair's role and involvement at Enhanced Services Company?

1A: Mr. Lair will serve in the capacity of Chief Executive Officer at both Enhanced Services Company and ZULU Group.

2Q: Who are the directors of Enhanced Services Company? Are there any changes in the ZULU board of directors?

2A: Obviously, changes are taking place at both companies. Each company will announce additional directors to its board soon.

3Q: Currently ESVS is based in Houston. What are the company's plans following the significant investment in ZULU?

3A: ESVS will relocate its headquarters to El Segundo, California.

4Q: What is the value of ZULU with ESVS making a significant investment in ZULU?

4A: ESVS has merely acquired an equity stake in ZULU and may increase its equity position at a later stage.

5Q: Is this a merger?

5A: No. It is merely an equity stake in ZULU.

6Q: What is Andy Batkin's role?

6A: Andy Batkin was chairman of S.I.M. and left S.I.M. to pursue other interests.

7Q: What is Caroline Vanderlip's role?

7A: Ms. Vanderlip left SIM in January to pursue other business opportunities.

8Q: What is Ron Meatchem's role?

8A: Mr. Meatchem's auto business is occupying much of his time. It is not perfectly clear, but he may possibly remain in the auto trak side of the business.

9Q: What is Pat Hayton's role?

9A: Mr. Hayton is an investment advisor to one of ZULU-tek's investor groups and is not an officer or director of ZULU or ESVS.

10Q: What is Mr. Duckman's role?

10A: Mr. Duckman will continue to focus on Laptop Solutions growth and new business opportunities.

11Q: How is ESVS raising $50 million?

11A: ESVS anticipates completing its private placement by May -- the conversion will occur in two years at a ratio yet to be agree upon.

12Q: How much of the private placement will go to ZULU?

12A: ESVS intends to fund all parts of the group by providing the necessary resources to grow as a total Internet solutions provider.

13Q: What is ZULU's and ESVS's focus?

13A: To be a total Internet Solutions Provider Company -- not a one-product shop like many of its competitors.

14Q. Is Price Waterhouse the (Big 6) accounting firm that is preparing ZULU-tek's audited financials for submission to the SEC?

14A. A Big Six firm is doing the audit.

15Q. When will the audited financials be completed? Can you release January/February revenue numbers?

15A. We expect the audited financials to be completed by March 31st.

16Q. Many believe that not responding the SIM Europe event was the wrong action to take. Neil Miller's comments provided later were wonderful. Are there issues with Telia at this point? Is Telia following up with a lawsuit?

16A. No.

17Q. How many employees are on the payroll for ZULU/Softbank (full and part-time)?

17A. 65.

18Q. What is the game plan for moving to the West Coast for a ZULU-tek and ZULU Media head office?

18A. Home office is El Segundo, CA.

19Q. What are the North American expansion plans, i.e., more U.S. offices, perhaps one in Canada?

19A. Yes, 2 in Canada; enlarge New York and California.

20Q. What up-coming exhibits and conferences will ZULU-tek be making a presence in?

20A. Undetermined. Some will warrent exhibits and others will only require a sales presence.

21Q. We now know about Universal Commerce. What is the current story on NETZ Autotrak? What is ZULU-tek's relationship with BellCore?

21A. NETZ-Autotrak is negotiating with 3 large strategic parties (including BellCore).

22Q. What is the current story on Alta Vista? What is ZULU-tek's relationship with Compaq/DEC?

22A. DEC is an advertising client, advertising their Alta Vista product line.
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