Anthony @ Equity Investigations, Dear Anthony, Message Board

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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: StockDung who wrote (31499)	4/20/1999 5:25:00 PM
From: Wolff	Read Replies (3) of 122087

CYOE was just going to give stock to buy the Apollo, no cash, if all was on the up and up, they would have bought them, as it was a no cash flow deal. The other big news is that Apollow has not been able to meet is commitment for sales. Question is the contract minimum here 1 million or 4 million see below, was the hard number the full 4 or 25% of 4? Under terms of the agreement, Apollo KK has exclusive rights to distribute Coyote Technologies DSS switches in Japan and agrees to an annual minimum commitment of $4 million, $6 million, and $10 million respectively for the three years. Apollo KK will place firm purchase orders at the beginning of each year for not less than 25% of the total annual commitment.

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