To: woody who wrote (34092 ) 12/15/1998 9:10:00 PM From: Zack Lyon Read Replies (2) | Respond to of 50264
And it went on to say this: == Market Listing Update = The Company completed its drafting of a form 10-SB filing by the last week of May. This was a “due-date” that Roger Templeton, our Corporate Communications VP targeted in his online “chat” of May 13th in full confidence that the Company's legal review and the coding for electronic submission would follow in a few day's time. He was wrong, and has some comments regarding the matter below. Because there is substantial interest in the process, we'll take this opportunity to bring you up to date. The filing is currently under review by the Company's counsel, Cohen, Brame & Smith. They are familiar with Digitcom, having previously worked with the Company, and are devoted to making our filing as strong as possible. To that end, they have returned their own comments and suggestions, and with the usual give-and-take, these are being incorporated in a revised draft. Most significantly, in terms of the time of submission, is their suggestion that the Company file after 2nd Quarter ‘98 financial results are compiled and can be made part of the filing. There are two principal reasons that Management agrees that holding off to include 2nd Quarter results is the right course to take. First, filing within days of the end of the quarter would undoubtedly result in the Commission—days or weeks into their review—asking for the most recent Quarter's financial results, putting their review on hold until they are provided. Therefore, no time would be saved by filing early and amending it later. The second reason is more technical, but the consensus between Management and our Securities counsel is that the “Management's Discussion and Analysis” (MD&A) will be strengthened with the satisfaction of certain “Notes receivable” due at the end of the 2nd Quarter. With this done, we expect the usual Q&A exchange to be less than it would otherwise be. Cohen, Brame & Smith are handling our filing with all the dispatch that prudence allows. They have much of the material already electronically coded and on file, so there should be no delay once the data is complete. Digitcom is looking forward to moving onto fully-reporting status as quickly as commonsense business judgment dictates. == Investors in the News = The Company's vibrant community of online investors caught the attention of The Wall Street Journal Interactive Edition in their June 9, 1998 edition. Under the headline, “Digitcom Caters to Its Fans On Internet Message Boards,” reporter Carrie Lee took a look at the phenomenon in the WSJ-IE “Money & Investing” section. She noted the nearly 20,000 postings have been made since February to message boards on the Silicon Investor Web site and on Yahoo! Her archived article can be found at <http://interactive.wsj.com/> (paid subscription is required). == A Note About Investor Relations = Liberty Capital Group, Inc. no longer represents Digitcom Interactive Video Network. Liberty provided valuable and professional Investor Relations services to Digitcom through the end of May of this year. We thank them for their efforts and wish them the best in their future endeavors. Inquiries may still be directed to WorldVision Financial at (888) 345 6060, toll free, or through their Web site at <http://www.wvfg.com>. == A Personal Message from Roger Templeton = I learned a valuable lesson over these past few weeks: “Don't promise a future you don't control.” Apart from the obviousness of that lesson, I've learned just how important the expectations produced by my words are to the smooth functioning of our organization and to the good faith of our stockholders. In my “chat session” with interested investors on May 13th I predicted that Digitcom would be filing a form 10-SB by the first of June. In making that prediction I was making a couple of assumptions that, in hindsight, look more like a mixture of enthusiasm with a dash of hubris than a careful, professional judgment. As a result, an absolutely un-necessary injury to the trust with which those investors approach the Company may have occurred. For this, I take personal responsibility. And, I make my apology. While I may make another mistake again in my life, I will do my best to not make this one again.  Roger Templeton This edition of Digitcom Investor News will be available in a Web version that is exclusive to subscribers of Digitcom Investor News: <http://div-n.digitcom.com/html/newsletter_pages.html> The Small Print: This release of “Digitcom Investor News” includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this release, including without limitation, Digitcom's business strategy, plans and objectives, are forward-looking statements. Although Digitcom believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from Digitcom's expectations include, without limitation, Digitcom's ability to negotiate final terms of the transactions described on favorable terms, if at all, and general economic and competitive factors.