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Technology Stocks : WRDP Worldport - - - opens the port to the world. -- Ignore unavailable to you. Want to Upgrade?

To: Essam Hamza who wrote (23)	5/22/1999 6:19:00 PM
From: Teddy	Read Replies (1) \| Respond to of 82

Essam, i have to give you credit for posting the This is total BS disclaimer: IBC has received 75,000 WRDP shares as compensation for advertising. IBC or its affiliates may buy or sell shares in these companies. Read the disclaimer at IBC's site for more information regarding the relationship between IBC and its clients. Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. The realization of any or all of these expectations is subject to a number of risks and uncertainties and it is possible that the assumptions made by management may not materialize. I think that any current or potential investor should carefully read the latest 10K and consider Note 1 which contains: Financial Condition The Company is subject to various risks in connection with the operation of its business including, among other things, (i) changes in external competitive market factors, (ii) termination of certain operating agreements or inability to enter into additional operating agreements, (iii) inability to satisfy anticipated working capital or other cash requirements, (iv) changes in or developments under domestic or foreign laws, regulations, licensing requirements or telecommunications standards, (v) changes in the availability of transmission facilities, (vi) changes in the Company's business strategy or an inability to execute its strategy due to unanticipated changes in the market, (vii) various competitive factors that may prevent the Company from competing successfully in the marketplace, and (viii) the Company's lack of liquidity and its ability to raise additional capital. The Company has an accumulated deficit of approximately $80,660 as of December 31, 1998 as well as a working capital deficit of approximately $103,845 and expects to continue to incur operating losses in the near future. Funding of the Company's working capital deficit, current and future operating losses and expansion of the Company will require substantial continuing capital investment. The Company's strategy is to fund these cash requirements through debt facilities and additional equity financing. During 1998 the Company obtained the following financing: - $120.0 million in interim financing (the "Interim Loan") - $13.5 million in connection with the sale of its Series B Convertible Preferred Stock - $ 40.0 million in connection with the sale of its Series C Convertible Preferred Stock (of which $32.5 million was received subsequent to year end) - $ 14.8 million from the sale of a 15% interest in its subsidiary EnerTel - $ 1 million in connection with the sale of its common stock Additionally, the Company was able to convert approximately $1.2 million in notes payable to related parties into its Series B Convertible Preferred Stock. The Company also increased its lease financing facilities to provide up to $67 million in infrastructure financing, subject to certain terms and conditions. Although the Company has been able to arrange debt facilities or equity financing to date, there can be no assurance that sufficient debt or equity financing will continue to be available in the future or that it will be available on terms acceptable to the Company. Failure to obtain sufficient capital could materially affect the Company's operations and expansion strategies. As a result of the aforementioned factors and related uncertainties, there is substantial doubt about the Company's ability to continue as a going concern. Good luck.