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Technology Stocks : IOTI - IndexOnly.com New Proprietary Search Engine -- Ignore unavailable to you. Want to Upgrade?


To: Needticker who wrote (48)6/2/2000 9:13:00 AM
From: Needticker  Read Replies (1) | Respond to of 61
 
corporate.indexonly.com

May 29, 2000

International Franchise Exposition, Advertising Contract, Revenue Growth, Featured Affiliates & Partners Page, Quarterly Newsletter & United Kingdom Option to Purchase

International Franchise Exposition
The International Franchise Exposition, which took place in Orlando, Florida from May 5 to 7, resulted in a great deal of interest from individuals and organizations for Indexonly master franchise rights in foreign countries. We received expressions of interest from 55 countries and received 18 applications from countries such as; Australia, Argentina, Costa Rica, France, Germany, Greece, Hungary, India, Jamaica, New Zealand, Peru, Saudi Arabia, Switzerland, Turkey, UK and Uruguay. These applications are currently being reviewed to determine which meet our selection criteria and assess if there is sufficient Internet usage in the respective country to make the introduction of Indexonly viable at this point in time.

Advertising Contract
Indexonly.com has entered into its largest advertising agreement to date with the awarding of a national advertising contract for all mainland US state searches. Can-Am West Carriers has become the exclusive advertiser in the "Trucking" category at the state level. Included in the contract is promotion for Indexonly.com on the back of their highway tractor trailers that travel between British Columbia, California, Texas, Florida, New York and Ontario. You can expect to see our logo with the wording: Find us under "Trucking" at Indexonly.com - changing the way businesses use the Internet www.indexonly.com.

Revenue Growth
We are pleased to report that our revenue/business continues to grow. Revenue for the three months ended March 31, 2000 totalled $207,500 US. This compares with $100,300 US of revenue which we received for the six month period ended December 31, 1999. As expected at this stage of our development approximately 93% of our total revenue to date related to sales of Regional and District licenses with the balance from advertising and other revenue. Our total operating expenditures were $553,995 for the three month period ended March 31, 2000 which included marketing and promotion expense of $233,301, with the majority of this amount spent on advertising and promotion directed to attract Regional Operators. Our total operating expenditures were $571,317 for the period June 28, 1999 to December 31, 1999.

Featured Affiliates & Partners Page
We are proud to announce the launch of the Indexonly.com "Featured Affiliates & Partners" pages. Check them out by clicking on the "Shop/Partners" navigation button. You will find some great deals and can explore Websites in eight categories, such as Books & Education, Computers & Electronics, Home & Shopping, etc. Barnes & Noble is offering 50% off on all best selling hardcover fiction books. Garden.com has a program to design your garden. There is an offer of four free Audio Books when you sign up for membership at Audio Book Club (you can order your free audio books and they will send you a bill later). Lands' End lets you design a 3D model to try on clothing, and MD Choice site is a Website where you can get all sorts of medical advice. Try it and let us know what you think; contact us at marketing@indexonly.com.

Quarterly Newsletter
We are pleased to announce that the second edition of our quarterly newsletter ("Insider Buzz") has now been finalized and is posted on our website. We encourage you to read the newsletter as you will find many interesting articles on our company. To view this version, plus our premier issue of Insider Buzz, simply click on the "Corporate Info" tab on our Start Page and then click on the "Newsletters" tab. If you have any suggestions for future issues, please forward them to marketing@indexonly.com.

United Kingdom Option To Purchase
We are pleased to announce that we have signed an Option to Purchase for the UK International Franchise. If this option is exercised then the Optionee will have the right to develop the Indexonly.com business model throughout the United Kingdom.

Yours truly,

C.F. Sweeney
President & C.E.O.