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From: Dan Oister (dano, gtme dot cc)
Date: 2002.02.01 - 16.00 MST


X-Mailer: Microsoft Outlook Express 5.50.4133.2400

Team,

Happy Groundhog day eve!

We may have located a willing funding partner.

As some of the agreements involve mutual non-disclosure, I may be a little vague in putting this all in writing, but its looking reasonably good.  I'll have the contract on Saturday, and review it with our legal counsel on Monday morning.

It involves securing the full $5M, with $2M coming in 30 to 60 days.  The balance is due in $500k increments over the next 6 months.  We are securing the loan with 13.33 million shares of our stock, which gives us a major partner in our company.  They are extremely financially savvy, and also offer services for our IPO mission, down the road.  They shouldn't be micro-managers, at least they claim they'll let us run our own show.  

I'll keep you posted on the legal review.  And if all looks good - we're on our way.

Dan O

(OK - everybody cross your fingers and toes all weekend.  You'll walk funny, but you can explain it later...)



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