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To: Arcane Lore who wrote (124)11/29/1998 10:33:00 PM
From: afrayem onigwecher  Respond to of 435
 
THE NEED FOR ADDITIONAL CAPITAL
-------------------------------


The Company must seek additional financing in order to sustain
operations or achieve planned expansion. The Company anticipates that it needs
to raise at least $14 million during the next twelve months in the form of debt
and/or equity investments in the Company's securities in order to sustain
operations or achieve planned expansion. This figure is lower than previously -------------------------------------
---------------
anticipated due to Management's change in the Company's choice of advertising ------------------------------------------------------------------------------------
media. Previously, the Company had used portal advertising, which Management has
subsequently determined is not as effective as using "referral site"
advertising. Therefore, Management has changed its planned advertising
expenditures and program to primarily utilize referral site advertising thus
reaping the benefits of substantially lower advertising costs. There can be no
assurance that such additional funds will be available or that if available,
such additional funds will be on terms acceptable to the Company.



To: Arcane Lore who wrote (124)11/29/1998 11:23:00 PM
From: afrayem onigwecher  Read Replies (2) | Respond to of 435
 
THE NEED FOR ADDITIONAL CAPITAL S/ 1
-------------------------------


The Company must seek additional financing in order to sustain
operations or achieve planned expansion. The Company anticipates that it needs
to raise at least $14 million during the next twelve months in the form of debt
and/or equity investments in the Company's securities in order to sustain
operations or achieve planned expansion. This figure is lower than previously ------------------------------------
anticipated due to Management's change in the Company's choice of advertising
media. Previously, the Company had used portal advertising, which Management has
subsequently determined is not as effective as using "referral site"
advertising. Therefore, Management has changed its planned advertising
expenditures and program to primarily utilize referral site advertising thus
reaping the benefits of substantially lower advertising costs. There can be no
assurance that such additional funds will be available or that if available,
such additional funds will be on terms acceptable to the Company.