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To: Jon Stept who wrote (33)11/23/1999 8:06:00 AM
From: Dominick Papas  Read Replies (1) | Respond to of 42
 
Hi Jon
No I haven't used that service,however that is what this message board is all about if their is anyone out there that has tried this please respond.



To: Jon Stept who wrote (33)12/3/1999 11:28:00 AM
From: Sir Auric Goldfinger  Respond to of 42
 
From UTCC's S-3 filed 9/28/99 re CEO Luca Giussani & CRIMinal proceedings: "LEGAL PROCEEDINGS INVOLVING OUR CHIEF EXECUTIVE OFFICER.

Mr. Luca Giussani, our chief executive officer, was the subject of a
criminal proceeding in Italy under Italian law. This proceeding was part of a
series of indictments issued against numerous people. Specifically, about May
1996, Mr. Giussani was charged with transmitting an invoice in 1991 to a
corporation for consulting services which it is alleged he did not perform. It
was alleged that the invoice was used to disguise an unlawful political
contribution made by that corporation. Mr. Giussani was not charged with making
an unlawful political contribution. Rather, it was alleged that through the use
of this invoice, Mr. Giussani facilitated the corporation's falsification of
corporate records to disguise the contribution. Mr. Giussani consistently denied
any improper conduct in connection with this matter and believed that he would
ultimately be vindicated. In October 1997, the trial judge dismissed the claim
against Mr. Giussani for lack of evidence and on February 19, 1999, the
investigating magistrates decided not to refile charges against Mr. Giussani
having determined that he had not committed improper conduct. There is currently
no criminal proceeding pending against Mr. Giussani.

WE MAY FACE AN INCREASED RISK OF VIOLATING THE FOREIGN CORRUPT PRACTICES
ACT AS WE FOCUS ON EMERGING MARKETS.

We must comply with the Foreign Corrupt Practices Act ("FCPA"). The FCPA
generally prohibits U.S. companies and their intermediaries from bribing foreign
officials for the purpose of obtaining or keeping business. We may be exposed to
liability under the FCPA as a result of past or future actions taken without our
knowledge by agents, strategic partners or other intermediaries. Violations of
the FCPA may also call into question the credibility and integrity of our
financial reporting systems. Our focus on certain emerging markets may tend to
increase this risk. Liability under the FCPA could have a material adverse
effect on our business, financial condition and results of operation.