Anthony @ Equity Investigations, Dear Anthony, Message Board

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To: booray who wrote (25173)	3/29/1999 8:10:00 PM
From: Wolff	Read Replies (1) of 122087

today was the 29th and this was the date that the Systeam deal was supposed to be pushed too, news should be out March 25 /PRNewswire/ -- Coyote Network Systems, Inc. (Nasdaq: CYOE - news) today announced that Systeam S.p.A. has agreed to extend to March 29 the date by which Coyote could increase its equity position in Systeam. Under the terms of the revised agreement, Coyote now has the option to either increase its equity position from 9% to approximately 15% for $1.5 million, or to increase such position to 60% by making an investment of $5 million and 880,000 shares of Coyote common stock. The Company plans to finance the acquisition with the proceeds of its loan commitment; however, such proceeds have not yet been received and there can be no assurance that they will be received.

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