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Microcap & Penny Stocks : TPII - Year 2000 (Y2K); Groupware; Client Server Migration -- Ignore unavailable to you. Want to Upgrade?

To: Pierre Mondieu who wrote (10746)	6/27/1999 1:25:00 PM
From: Jason B	Read Replies (1) \| Respond to of 10903

Response from John. Jason, Gary McCann resigned from the Company for personal reasons. He departed on very good terms and not as a result of any dispute or conflict. He simply needed to spend time with his family and the Company respected his request. The Company contracted with Janis for a one year period which expired in March 1999. As a move to reduce costs, the Company did not renew the contract and made a decision to work IR internally. Since that time, the Company has taken steps to improve the flow of information to the investment community and attend to shareholder questions and concerns. The Company plans to finance operations with cash flow generated from collection of accounts receivable. We are working hard to complete transactions so that we can bill and collect the cash. As a young Company, we must be very aware of the quality of our work which may cause delay in billing out to the 1st Q of fiscal 2000 but, contribute to customer retention and delivery of the quality product we sold at the outset. There are no plans to do any CD's however, if the Company requires funds, issue of stock under Reg D 506 (restricted) would be the probable route. The Company is in process of filing corrective Form 4's to clarify insider sales. Let me clarify each line item: 03/26/99 McCann did sell 40,000. 100,000 were not sold. 03/23/99 Stepanoff did not sell 100,000. The next line was a duplicate and did not occur. 03.23/99 Mighton did not sell 100,000. The next line was a duplicate and did not occur. The three sales of 100,000 attributed above to McCann, Stepanoff and Mighton were reported as the three individuals intention was to return 100,000 shares each to treasury in order to raise needed money for the Company. The transaction was not completed as Reg D 506 shares were sold at par in place, details of which can be viewed in the filing. McGee did sell 10,000 in October of 1998. As stated, Form 4's will be filed to correct. I am contracted month to month by TPI and, hope to be here for some time. I am in process as you know of finalizing a shareholder letter and will continue to get as much news out as possible as soon as possible. The last question was answered above. Trusting this meets your expectation. Best regards John