The questions, rewritten, editted, deleted, punctuated etc. by me.
12/27/98
The QUESTIONS RE-WRITTEN
i) ZULU = Zulutek, Zulumedia and any or all subsidiaries and alliances.
ii) ESVS = Enhanced Services Company and any or all subsidiaries and alliances.
Management:
1) Who has the final say in the day to day affairs concerning ZULU?
2) What position, if any, does Mr. Pat Hayton currently hold with Zulu/ESVS?
3) When can we expect news on a new CEO for these companies?
The Business Combination:
1) What is the current status and outlook for the business combination between Zulu and ESVS?
2) What is the status and schedule for the shareholders meeting?
Financial:
1) What is the status of the proposed financing package?
2) Has financing been jeopardized due to recent developments?
3) Has financing been helped by the acquisition of Brandsforless.com?
4) What are the conditions of the financing package if it is still in the works?
5) Is sufficient operating capital available to continue operations?
a) If sufficient capital is available, how long will it last?
6) What are some of the current revenue producing operations of ZULU and/or ESVS?
a) Are all revenues being treated as if a single company produces them?
b) Can you share any particulars concerning combined revenues from the past three months?
7) In what jurisdiction is Rolling Rock Capital lawfully incorporated?
8) Is Rolling Rock Capital controlled, directly or indirectly, by Zulu or ESVS or by any present officer, director or controlling shareholder (i.e.: >10%) of Zulu or ESVS?
9) Does any present officer, director or controlling shareholder of Zulu or ESVS have any direct or indirect interest in Rolling Rock Capital?
10) How is the $35 million being paid for Brandsforless.com?
a) Is it being paid in cash?
1) If cash, where did the cash come from?
b) Is it being paid in stock?
1) If stock, are additional shares being issued thereby increasing the number of shares outstanding or the number of "special" shares?
Stock Exchange:
1) What priority does being listed on one of the Stock Exchange Boards (NAS; AMEX; NYSE) have at this point?
2) Is a listing on one of the above exchanges something that you feel can wait because of more important matters at hand?
Daily Operations:
1) What Internet-related operations exist at this time?
2) What is the status of the Internet advertising/banner business?
3) If the banner business is not a major revenue producer, can you explain why?
4) What is the status of the Powerx deal with NHLT?
General Questions:
1) In the past there has been or seems to have been a high turn over rate with ZULU/ESVS management and personnel. Can you explain this high turn over rate?
2) Why does Zulu need Enhanced Services?
3) Will the effective date of the Brandsforless.com acquisition be before or after the 1:10 reverse split?
4) The press release refers to the acquisition in the past tense in the first paragraph of the PR, and as a "pending acquisition" in the last paragraph of the PR.
a) Is Brandsforless.com currently owned by ZULU/ESVS?
b) If the acquisition is still pending, when (date) will the acquisition close?
5) Will ZULU be merged into ESVS, as originally planned, or will ESVS be merged into ZULU?
a) Which exchange will the new company trade on?
b) What will the trading symbol be for the combined companies?
c) What symbol will ZULU trade under immediately following the reverse split?
6) What happens if there are changes to the capital structure of either company subsequent to the 1:10 reverse?
7) Will there be a period of time during which one of the stocks will not be tradable?
Thank you for taking time to answer these questions. Your answers will be made available to the members of the two Internet chat boards (Silicon Investor and Yahoo) that submitted them.
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