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Microcap & Penny Stocks : Veronex Technologies Inc. (VXTK) -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Mitchell who wrote (161)	2/10/1998 11:44:00 PM
From: Bill Ulrich	Read Replies (2) \| Respond to of 684

Jeff, re: payment method. I'm guessing some type of promissory instrument, probably convertible to stock (if any exists or will exist); not cash or stock directly. BTW, have you been able to dig up any info on the VT2000 company? I've been searching all over the net, and it's pretty weird that I can't find anything. As a reasonably skilled net surfer, I don't think I've ever had an occasion where I found nothing regarding the topic of my query. Also, as a small business owner yourself, I was curious what you might estimate the payroll for a 15 employee company would be&#151with 6 of the 15 being at the VP level and above, and the rest probably programmers with maybe a receptionist thrown in. I'm guessing, at very modest levels, probably about $1 mil annually. Does that jibe with you? Beyond that, as a non-retail software company, there can't be too many other expenses&#151some rent, utils... I'm making some guess-timates about this company's financial health, and talking business with the chief reaches incredible new hites in absurdity. -MrB

To: Jeffrey S. Mitchell who wrote (161)	2/26/1998 12:10:00 PM
From: David A. Hite	Respond to of 684

Jeff, The VentureTech 2000 Strategic Alliance is based on a $2.5 million license fee. The license fee is to be paid to Veronex in the future based on revenues produced from the use of the I\|Nova tool set. Veronex will receive 35% of all gross revenues earned by VentureTech 2000 generated from the use of the I\|Nova tool set. Currently, VentureTech 2000 is negotiating with several potential customers to use the I\|Nova DataCentric Analyzer to repair its Y2k problems and/or to re-engineer its entire business application system. Regards, David A. Hite davhite@quick.net