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To: Derek C. who wrote (1546)	11/13/1997 1:57:00 PM
From: Michael A. Gottesman	Respond to of 60323

DereK: Not to burst your bubble on this excerpt, but as an attorney I can tell you that IOM is just complying with what their securities lawyers advise them to do. This is basically saying - this is not an offering which can only be made by prosectus. They're doing the CYA that most companies will do.

To: Derek C. who wrote (1546)	11/13/1997 3:45:00 PM
From: Neil Kalton	Read Replies (2) \| Respond to of 60323

Derek, This is a standard proviso pursuant to Sec. 21E of the "Private Securities Litigation Reform Act". By including this IOM is merely protecting its forward-looking statements from potential future litigation should their projections not come to pass. By pointing out every single negative contingency concerning Clik!, IOM is saying "Hey, if you invest in our company based on these forward-looking statements and our projections don't pan out, you can't sue us because you were warned of all possible risks. Side note: Michael, not that this is relevant, but I don't think this proviso has anything to do with a prospectus. If it does, then please let me know because I'm currently taking an M&A class this semester and would appreciate knowing if I'm wrong (finals panic is starting to set in). -nk