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To: John who wrote (1278)3/4/1998 1:47:00 PM
From: jas singh MD  Read Replies (1) | Respond to of 11417
 
Good afternoon John,
I believe the company that has agreed to pay us the fees is infact ITG and not Zaksat. ITG and Wave are partners in Globalwave.

Sincerely,

Jas



To: John who wrote (1278)3/4/1998 1:49:00 PM
From: 24601  Read Replies (1) | Respond to of 11417
 
Are we confusing the ZakSat deal with the GlobalWave deal?

I think the January 30, 1998, news related to GlobalWave: $1.0 million last summer; $0.75 million now; and $3.25 million soon.



To: John who wrote (1278)3/4/1998 2:18:00 PM
From: Jeff Thomas  Respond to of 11417
 
John, my understanding (from the PR of 11-24-97) is that the $5 mil license fee is to be paid by ITG (the parent company of UK internet service provider Global Internet) upon achievement of 2 of 4 milestones. The second milestone was the completion of the ZakSat agreement.

Jeff Thomas


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