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To: John Fairbanks who wrote (282)	12/2/1997 10:13:00 AM
From: skreiger	Read Replies (1) \| Respond to of 27968

John, Thanks for your follow-up. This information should ease the concerns which have recently been raised by several people on this thread, myself included. Regards, Scott

To: John Fairbanks who wrote (282)	12/2/1997 10:43:00 AM
From: J. Nelson	Read Replies (1) \| Respond to of 27968

Hi John: Thank's!!! Great info. Is Equity Research one of the PR, type firms who may promote a stock issue. I have seen the name someplace not I must go look. Thank You again. Jim....

To: John Fairbanks who wrote (282)	12/2/1997 1:51:00 PM
From: CO	Read Replies (1) \| Respond to of 27968

OK. I just got off the phone with Ira after a long conversation to try to clarify this thing completely. He was aware of the concern and took plenty of time to walk through the whole process. First, there were about 19 million total shares outstanding until Alexander Wescott started raising capital in September. The float at that time was at about 1.7 million. Nearly all the rest are restricted shares that still have over a year left on the restriction. Most of these are held in "long term hands" and can't be traded for over a year from now anyway. Alexander Wescott sold 504K shares that had short term restrictions (45-90 days). Those shares started selling in September so some are now part of the float. Most or all of them will be in the float by mid-January or so. When they are ALL in the float, the float WILL BE about 7 million total. So the total ADDITIONAL shares issued will be about 5 million which WILL (when they are no longer restricted) increase the total outstanding shares to 24 million. So, I stand corrected that, while the total outstanding shares are currently 20 million, that number is increasing and will eventually become 24 million when ALL the 504K shares become free trading. I am glad to finally get that straightened out. It is important for all of us. This is why it is good to keep checking with the company and having a number of us on the thread continuing to do our DD. Ira was very open about this and I think I misinterpreted the process which can happen sometimes. When this does happen it is good to get clarification as quickly as possible. I appreciate everyones efforts on this thread to present a clear and accurate picture of the company. Ira stressed that they DO plan to be a reporting company the first quarter of next year. Cheryl