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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: LOR who wrote (6969)	2/17/2003 2:47:39 PM
From: m. jacobs	Read Replies (2) \| Respond to of 8117

LOR, My position has been made clear in news releases and in AGM reports. I have accept performance based escrow from day one. This basis requires that for each $2.66 in cash flow there is a release of one share. By definition, cash flow, as I understand it, is profit adjusted for amortization, depreciation, research and development, etc. It would take about $10,000,000 in profit under that basis to earn out the entire escrow position. The escrow agreement which I signed, and which is confirmed by our attorney shows May 10th, 2003 as the cancellation date unless there is an extension approved by the Majority of the Minority. Such approval to this extension was given by the then CDNX on February 11th, 2002, to late for inclusion on last years AGM as noted in the News Release. We are now asking for an extension of performance based escrow from May of 2003 to May 2008 the shareholders vote on this up or down. Michael

To: LOR who wrote (6969)	2/17/2003 6:24:24 PM
From: Jack Rayfield	Read Replies (1) \| Respond to of 8117

Guys here is an article that I thinking of running critique it please. Attention: Pyng Technologies Shareholders ( PYT.V) 1. I am asking you to register your shares at this website hometown.aol.com or email me at pyngmed@aol.com so you can be informed of important developments at your company. One officer in Pyng Technologies has effective control of the company because he owns 35% of the shares. He can do as he pleases with your company and the minority shareholders do not really have a voice. If minority Pyng Technologies Shareholders would take the 2 minutes necessary to register their shares we can have a voice. Please register your shares today and encourage you friends to register. We can be a powerful voice if we speak as one. 2. If you have not actively followed your investment. There has been important news released recently and there are some very important issues that will be voted on in the upcoming AGM on March 17, 2003. A minority shareholder database has been established just for investors like you that do not have time to follow PYT.V daily. I would like to share my analysis of the Escrow Share Amendment issue with you so you can make an informed decision. 3. Please vote your proxy at this AGM, the issues are too important for you to throw your vote away. I would like to see every minority shareholder vote on this issue. I believe that 90% of disinterested shareholders would vote against the Escrow Share Amendment if they could be contacted and understood the implications of this vote. Most people will just throw their vote away and so management will win by default. We have arranged to have a minority shareholder representative at the AGM- Edward Richmond please consider naming Edward Richmond as your proxy representative. To vote you can either mail in your proxy in the enevelop provided or fax your actual completed proxy into CIBC Mellon at 604-688-4301 by 3/14/03. Do not forget to sign you proxy before mailing or faxing. If you would like to name Ed Richmond as your proxy representative you must fill his name in the second paragraph of the proxy where it says: (insert name ) ______________, as nominee of the undersigned, with full power of substitution. Make your vote count, return your proxy. And register your share so you can stay informed about your company.