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To: Warren A. Wilbur, Jr. who wrote (7747)	1/7/1999 5:28:00 PM
From: CigarHolder	Respond to of 40688

(puff, puff)...If PNLK is really interested in being the pioneer in e-commerce ( trading globally), they might be interested in another e-commerce firm setting up shop in BERMUDA. Having lived in Bermuda for several years, I can personally vouch for the excellent communications and related there. Please be aware that Bermuda is a tax-free domicile. What's the attraction? If you are a trading company ( importing/ exporting), the firm would take orders directly from the customer but have the goods DIRECTLY delivered to the customer from the mfgr or place or purchase. The net profit would be tax free. FYI, there are over 11,000 firms domiciled in Bermuda. The banks are solid and the low environment makes it a super place to do business. Housing is expensive, though. Hmmmmm.................... Read on in today's Bermuda Royal Gazette: E-commerce company set up in Bermuda By Ahmed ElAmin © Copyright by The Royal Gazette Ltd Bermuda, January 7, 1999 US-based Elan Group has established an electronic commerce services company in Bermuda.International E-Commerce Ltd. (www.e-commerce.bm) has been set up to provide Bermuda-based merchant facilities to overseas companies. Elan has also set up a similar company in the British Virgin islands called Elan E-Commerce Ltd. International E-Commerce Ltd. will allow companies to process their Internet sales and transactions from computer servers located in Bermuda. Mitch Leventhal, who is a consultant for the project, said Elan would advise merchants about how to structure their companies to take advantage of Internet electronic commerce.The US for example allows some multinational companies to defer tax on overseas revenue until the money is repatriated back to the US. Large multinationals are able to use the allowance. However some of the new Internet based companies are not aware of how to structure themselves in the best manner. "E-commerce companies are multinational and global from day one," he said. "They should then organise themselves like the bricks and mortar companies. We will provide advice about the appropriate business structure and propose a solution."Elan will use the services of Logic Communications Ltd. and First Atlantic Commerce Ltd. for transaction processing. Online banking services will be provided through merchant accounts with the Bank of Bermuda.Philip Beck, a principal in the Elan Group, said the Bermuda and British Virgin Islands companies have been set up to provide a full Internet service to merchants on the Internet. "Over the past three years, we have received increasing inquiries from companies seeking to restructure their electronic commerce operations in accord with accepted multinational practice," he said. As they say in Bermuda, Hi-Bye! (puff, puff) CigarHolder

To: Warren A. Wilbur, Jr. who wrote (7747)	1/7/1999 8:07:00 PM
From: ztect	Read Replies (1) \| Respond to of 40688

Warren: Per my visit which has been recorded on the yahoo club thread for all to see since mid December, I noted that part of Dave Walker's responsibility was to write a monthly newsletter for distribution to website members and for inclusion on the version three web site. Can you please find out whether Walker has started to write this newsletter? Plus if he has, will they release the contents of this letter as a news release since the current website isn't going to be modified to accommodate it? Also see if you can find out the status of sign up of other country's chambers of commerce. Egypt, Ireland and Singapore were suppose to be interested and eager to join. Is Glenn in route to any of these locations? Will probably call Taylor myself to see if she has the answer to any of these questions......but if you feel so inclined to ask, I'd be interested in knowing PNL's replies. z...(still lurking)