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To: esecurities(tm) who wrote (2228)	8/13/1998 10:47:00 AM
From: esecurities(tm)	Read Replies (2) \| Respond to of 4231

An email from SoftQuad and reply back...August 12, 1998 11:42 am pdt ----- Steve Schneider With all due respect Steve, you guys mailed out your annual report accompanied by your management proxy for the shareholders to vote on and in your annual report "MESSAGE TO THE SHAREHOLDERS" [and in the May 1998 Annual Shareholder Meeting presentation] the Rabins painted a very upbeat picture of unlocking SoftQuad shareholder value and in that regard of its hiring of William Perrault as Vice President of Marketing. Furthermore, there was no mention of a likely/possible NASDAQ delisting, [including within United States SEC Form 20-F] and no formal disclosure of the sr. management non-recourse loans to purchase common stock within a Company which appears to desparately require cash to implement its [historically questionable] business plan and admittedly extremely poor/non-existent SoftQuad [HoTMetaL] Inc marketing effort(s) [confirmed by Jonathan Sachs]. These omissions and appearance of sweeping material facts under the rug just don't instill a lot of confidence within your [loyal] shareholder base. Actually it makes us feel very uneasy and actually opens a pandora's box as to why? What stinks? is that the shareholders voted for management pursuant to said [May 1998] proxies hence pursuant to alleged gross misrepresentations?/omissions. The subject of our concerns simply do not appear to have been ethical and certainly not pursuant to accountable corporate governance. Accordingly, I am [very] concerned. /s/Norman A. Levinson, Chairman esecurities corporation shareholders (NASDAQ:SWEBF)(TSE:SKI) cc: Richard Rabins esecurities, Channel W are trademarks of esecurities corporation and Channel Ws WXM XM WALL STREET iRadio(tm) RealMedia enhanced Internet Mining(tm) MicroCap channel at homepage.usr.com and Millennium MetaAnalytics' inc.com c Copyright 1996-1998 esecurities corporation, Channel W. All Rights Reserved. Send breaking news/tips/secrets to ijournalist@channelw.net. ---------- > From: Steve Schneider > To: Channel W(tm) Broadcasting Network(tm) > Subject: Re: William Perrault > Date: Wednesday, August 12, 1998 8:45 AM > > Bill Perrault is no longer with the company. Unfortunately, he and his > family have decided not to relocate from California to the Boston area. > > > At 07:56 AM 8/9/98 -0700, you wrote: > >Please advise/confirm status post haste of William Perrault, VP Marketing > >Alpha Software pursuant to your 1997 Annual Report ref/ "Bill Perrault > >joined the Alpha Software subsidiary as Vice President of > >Marketing"--MESSAGE TO THE SHAREHOLDERS yet contrary to your > >current/updated Corporate Info site at alphasoftware.com wherein > >Howard March is designated as V.P. Marketing. > > > >Time is of the essence. > > > > > >/s/esecurities corporation > >shareholders (NASDAQ:SWEBF) (TSE:SKI) > > > > > > > > > >esecurities, Channel W are trademarks of esecurities corporation and > >Channel Ws WXM XM WALL STREET iRadio(tm) RealMedia enhanced Internet > >Mining(tm) MicroCap channel at homepage.usr.com > >and Millennium MetaAnalytics' inc.com > >c Copyright 1996-1998 esecurities corporation, Channel W. All Rights > >Reserved. Send breaking news/tips/secrets to ijournalist@channelw.net. > >