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To: sorenk2 who wrote (328)	1/18/2004 2:27:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 1712

Savi would be a perfect candidate for an IPO this year. They appear to be profitable, or close to it. You are correct in observing that the problems associated with cargo containers are going to be a significant political issue this year. Two other IPO candidates would be Matrics and Alien. Alien will probably wait. If I am not mistaken, they have stated that they will not be profitable until 2005. I expect to see a few reverse mergers in this sector this year. RAE looks interesting but the current valuation seems a bit out of line. BTW, I was looking at their SEC filings and was surprised to see that they went public via a reverse merger in April 2002. The old Nettaxi shell. EXEE is being purchased by SSA Global Technologies. biz.yahoo.com EXE Tech Sale: EXE Shareholders Approve Deal Friday December 19, 1:40 pm ET DALLAS (Dow Jones)--EXE Technologies Inc. (NasdaqNM:EXEE - News) shareholders approved a plan to sell the company to private software concern SSA Global Technologies Inc. for about $47.3 million in cash. In a press release Friday, EXE said its holders will receive $7.10 a share, which represents an 18% premium from the company's last preannouncement closing price of $6. The companies appointed EquiServe Trust Co. N.A. and EquiServe Inc. as the paying agents for the merger consideration. Chicago-based SSA Global is a closely held buyer of software firms and EXE specializes in supply-chain management systems. EXE Technologies will operate as a unit of SSA Global and its shares will be delisted from Nasdaq and deregistered with the Securities and Exchange Commission (News - Websites) . Shares of EXE recently traded at $7.08, up 3 cents, or 0.4%. Company Web site: exe.com -Andrew Wallmeyer; Dow Jones Newswires; 201-938-5400

To: sorenk2 who wrote (328)	1/18/2004 2:31:12 PM
From: Glenn Petersen	Respond to of 1712

While I am sure that this is not a complete list, Savi has their "Partners" posted on their web site: savi.com

To: sorenk2 who wrote (328)	1/22/2004 10:27:09 AM
From: sorenk2	Respond to of 1712

Pelosi mentioned inspecting containers coming into the US in her state of the union rebuttal: abcnews.go.com if a bill appropriating funds for something like this got to congress, who would vote against it?

To: sorenk2 who wrote (328)	1/25/2004 7:18:34 PM
From: Glenn Petersen	Respond to of 1712

RAE Systems, Inc. (RAE) is one of those rare instances where a company successfully pulled off a reverse merger. In RAE’s case, they merged into the Nettaxi shell, which had approximately $7.0 million in cash when the merger closed on April 9, 2002. (There were a number of homeland security related reverse mergers completed subsequent to 9/11.) Prior to the close of the reverse merger, Nettaxi completed a one for 5.67 reverse split. The old shareholders of Nettaxi ended up with 7,896,764 shares of the new company; the shareholders of RAE received 36,073,574 shares and the consultants who put the deal together ended up with 960,000 shares. On April 5, 2002, two days prior to the close of the reverse merger, the stock closed at $1.42 (it popped to $1.87 the next day). The stock closed at $4.92 on Friday. Using the April 5, 2002 price of $1.42, the old shareholders ended up with shares having a value of $11.2 million, a 60% premium for their cash. The shareholders of RAE ended up with shares having a value of $51.2 million and the consultants ended up with shares valued at $1.4 million. sec.gov On April 9, 2002, our merger with Nettaxi.com (“Nettaxi”) was consummated. Nettaxi, as the surviving corporation in the transaction and the Registrant, changed its name to RAE Systems, Inc. Our stockholder received approximately 80% of the merger entity at the effective time of the merger and our management team continued in the existing roles with our Company. Accordingly, our merger with Nettaxi has been accounted for as a reverse acquisition whereby, for accounting purposes, we were deemed to be the acquiror and Nettaxi is deemed to be the acquired entity. As Nettaxi had effectively ceased all revenue generating activities nine months prior to our merger and had planned to abandon (and did abandon) its business model with effect from the consummation of the merger, Nettaxi was deemed to be in substance a shell company. Accordingly, our merger with Nettaxi has been treated as a recapitalization with no goodwill. For this reason, pro forma information giving effect to the merger is not presented.

To: sorenk2 who wrote (328)	1/25/2004 7:21:43 PM
From: Glenn Petersen	Respond to of 1712

RAE Systems Prices Public Offering of Common Shares biz.yahoo.com SUNNYVALE, Calif.--(BUSINESS WIRE)--01/23/2004--RAE Systems Inc. (AMEX:RAE), a leading global developer and manufacturer of rapidly-deployable, multi-sensor chemical detection monitors and networks for homeland security and industrial applications, today announced the public offering of its common stock at a price of $4.25 per share. The offering consists of 8.8 million shares of its common stock, of which 7.0 million are primary shares offered by the Company and 1.8 million are secondary shares offered by existing stockholders. The Company and the selling stockholders have granted the underwriters the right to purchase from them up to an additional 1,050,000 shares and 270,000 shares, respectively, to cover over-allotments, if any. Jefferies Quarterdeck, a division of Jefferies & Company, Inc., acted as lead managing underwriter for the offering and Merriman Curhan Ford & Co. acted as co-managing underwriter. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities referred to herein in any state in which such offer, solicitation or sale would be unlawful. A written prospectus meeting the requirements of Section 10 of the Securities Act of 1933 may be obtained from Lea Anne Matsuoka, RAE Systems Inc., 1339 Moffett Park Drive, Sunnyvale, California 94089. About RAE Systems Founded in 1991, RAE Systems is a leading global developer and manufacturer of rapidly-deployable, multi-sensor chemical detection monitors and networks for homeland security and industrial applications. In addition, RAE Systems offers a full line of portable single-sensor chemical and radiation detection products. The Company's technologically advanced products are based on proprietary technology, and include portable, wireless and fixed atmospheric monitors and photo-ionization detectors, and gamma and neutron detectors. RAE Systems' products enable the military and first responders such as firefighters, law enforcement and other emergency management personnel to detect and provide early warning of weapons of mass destruction and other hazardous materials. Industrial applications include the detection of toxic industrial chemicals, volatile organic compounds and petrochemicals. For more information about RAE Systems, please visit www.RAESystems.com. CONTACT:RAE Systems Inc. Lea-Anne Matsuoka, 877-723-2878 investorrelations@raesystems.com SOURCE: RAE Systems Inc. 01/23/2004 05:30 EASTERN