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Microcap & Penny Stocks : LDDI (Long Distance Direct Holdings, Inc.) -- Ignore unavailable to you. Want to Upgrade?

To: Charles Broderick who wrote (152)	9/9/1999 8:02:00 AM
From: Charles Broderick	Respond to of 216

Yabbadabbadoo!!! Subject 4002

To: Charles Broderick who wrote (152)	9/17/1999 8:16:00 AM
From: Bert Zed	Read Replies (1) \| Respond to of 216

From AIME's form 10. Could make any LDDI holding in PowerChannel worth a small fortune......... Letter of Intent with PowerChannel, Inc. Pursuant to our plans to divest the webPASSPORT system, on March 3, 1999, we signed a Letter of Intent with PowerChannel, Inc. ("PowerChannel") for the sale of the webPASSPORT server infrastructure and related equipment in conjunction with the grant of a non-exclusive, worldwide license to operate and use the webPASSPORT System. Pursuant to the Letter of Intent, PowerChannel will take over the operations of the webPASSPORT System and assume all attendant responsibilities. In consideration, PowerChannel has agreed to (i) execute a promissory note in the principal amount of $1 million, to mature December 31, 2000, convertible at our option into 200,000 shares of PowerChannel common stock at a conversion price of $5.00 per share, and (ii) pay us a one-time license fee of $10.00 for each set-box utilizing the webPASSPORT System that PowerChannel installs for its customers, which payment would offset the promissory note. The divestiture of the webPASSPORT System will allow us to focus our efforts on our core areas of competency-development and marketing multi-platform, entertainment-based programming