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

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To: aleta who wrote (17882)1/8/1999 11:13:00 AM
From: Jon Tara   of 18444
 
Ex-Simmers?

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(2)Pursuant to the terms of the 1996 Shareholders Agreement among the individual shareholders of Zulu Media, Inc. (formerly SIM), Zulu Media has exercised its right to repurchase the shares of Zulu Media not acquired by Mediabank in December, 1997. Zulu-tek has provided the individual shareholders with the Zulu Media audited financial statements and notified them that the shares were being repurchased for no additional consideration; as of the date of this proxy, the individuals have not returned their stock certificates to Zulu-tek.
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