To: bob oserin who wrote (1383 ) 4/26/1999 10:53:00 AM From: TEDennis Read Replies (1) | Respond to of 1754
Status as of 4/26/1999: A weekend meeting with the major Partners was held to discuss the findings of my first month as Planet City's CEO. I presented my evaluation of the company's strengths and weaknesses, and then laid out my vision for the future. I provided recommendations for three stages: immediate, near term, and long term. The Partners agreed with the vast majority of them, and I now have the OK to pursue certain opportunities as outlined in my presentation. The details of the plans will be released over the next few weeks as progress is made towards their fulfillment. In other activities, the auditors completed their rough draft as of last Friday. It is now being reviewed internally by the auditors, and we expect a delivery of the final version by the end of this week. We will publish those results on our corporate website. In response to the continued questions on the AOL-Canada agreement ... yes, there is one. We are actively engaged in activities to iron out several misunderstandings between our two organizations, and within our own organizations. As I mentioned before, communications is the key to resolving the outstanding issues. I am following up on this activity personally. A "Safe Harbor" statement follows my sign-off. Regards, TED Terry E. Dennis, CEO Planet City Software, Inc. (OTC BB: PINC) The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein which are not historical facts are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.