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To: Ed Pettee who wrote (149)	1/1/1998 6:27:00 PM
From: Silicon Trader	Respond to of 7701

I received a few questions and maybe i could make a few comments on the VLT's and their cost. 1) The first question was what type of promotion was being done for the Lottery project . I found this on the Gagel Report <<<<<<<< The games will be promoted by way of newspaper and television advertising campaigns,which are in the planning stage. >>>>>>>>>>>> This is about all i know at this point, these things must be a priority as they now have the proper staffing in Venezuela at the 3 offices . JMO VLT's Regarding the cost. I am just assuming that figure was derived from $ 5000.00 per machine * 2000 machines equals 10 million. Maybe this will help. GO NRAG MBA

To: Ed Pettee who wrote (149)	1/2/1998 8:41:00 AM
From: ArtieM	Respond to of 7701

Ed - Looks like you enjoyed your conversation with George Zilba... I cannot stress enough the importance of a conversation with him...He really knows what he is talking about and communicates freely. I think that misinterpretation on this thread occurred with the influx of all the newcomers as many of us have been posting about NRAG for months here and elsewhere...sometimes people assume that everyone has a working knowledge of NorAm and this was viewed from first timers as just hype...in no way has this thread been dedicated to that end... As you stated very succinctly in your post that DUE DILIGENCE should NOT stop the day we invest but continue until we no longer have an interest in the company...I for one want to know the good and the bad...As long as both sides have a basis, IN FACT,...There also is such a thing as negative hype... I, personally, don't enjoy seeing the hype of someone who predicts the future price of a stock from a crystal ball...saying that a stock will be a certain price on a certain date is pure foolishness... Thanks again for your excellent input

To: Ed Pettee who wrote (149)	1/2/1998 11:29:00 AM
From: george eberting	Read Replies (1) \| Respond to of 7701

Ed: Thank you very much for sharing your conversation with George Zilba. You apparently asked some of the exact same questions I would have. Of course, there are still a lot of loose ends floating around in my mind, such as: 1. What would really prevent Sharp Image and LYMCA from simply bypassing NorAm and dealing directly? (Contracts don't always cover all contingencies, and people don't always honor their contracts.) 2. It looks like Sharp Image is the company that is really sticking their neck out here. They are going to be out of pocket several millions before they get paid back. Do they truly have the financial strength to handle the challenge? Why are they willing to extend themselves so badly? 2. I would still like more precise information on the cost of the machines, ownership of the machines, and payment schedule of the machines. 3. Who is going to empty the machines, how often will they be emptied, and who is going to be verifying the receipts for NorAm? 4. What cut, if any, is going to pay off the politicians and/or police? 5. When will the next batch of machines be shipped? And the third and fourth....? 6. Who is coordinating the advertising and promotion in V-land? And how far along is that activity. And who is paying for it? 7. I'm still bothered by the fact that the Company has not tried to recover the shares that were issued to PR firms in the past which failed to do the job they were hired for. If the Company has a legitimate claim against them, there should be some attornies out there who would go after them on a contingency basis. Has the Company pursued this possibility. If not, why not? Well, that's just this morning's concerns. I guess I'll e.mail a copy of this to NorAm. I prefer to see answers in writing. Also, they can respond at their leisure rather than having to talk to me when I call. I'll let everyone know what I learn. George E.