Replied: Wed, 09 Jan 2002 22:08:42 -0500 Replied: "Alex Ho" Return-Path: alexho@anabas.com Delivery-Date: Wed Jan 9 22:00:15 2002 Return-Path: Received: from mask.uits.indiana.edu (mask.uits.indiana.edu [129.79.6.184]) by grids.ucs.indiana.edu (8.10.2+Sun/8.10.2) with ESMTP id g0A30F621180 for ; Wed, 9 Jan 2002 22:00:15 -0500 (EST) Received: from janus.hosting4u.net (janus.hosting4u.net [209.15.2.37]) by mask.uits.indiana.edu (8.10.1/8.10.1/IUPO) with SMTP id g0A2uE821277 for ; Wed, 9 Jan 2002 21:56:14 -0500 (EST) Received: (qmail 28734 invoked from network); 10 Jan 2002 03:00:14 -0000 Received: from capricornus.hosting4u.net (HELO anabas.com) (209.15.2.36) by mail-gate.hosting4u.net with SMTP; 10 Jan 2002 03:00:14 -0000 Received: from aristotle ([66.47.65.114]) by anabas.com ; Wed, 09 Jan 2002 21:00:13 -0600 Message-ID: <00be01c19983$3f1c0150$bc0a0a0a@ARISTOTLE> Reply-To: "Alex Ho" From: "Alex Ho" To: "Geoffrey Fox" Subject: update Date: Wed, 9 Jan 2002 19:02:31 -0800 Organization: Anabas, Inc. MIME-Version: 1.0 Content-Type: multipart/alternative; boundary="----=_NextPart_000_00BB_01C19940.308C43E0" X-Priority: 3 X-MSMail-Priority: Normal X-Mailer: Microsoft Outlook Express 5.50.4133.2400 X-MimeOLE: Produced By Microsoft MimeOLE V5.50.4133.2400 X-Rcpt-To: Content-Length: 3886 This is a multi-part message in MIME format. ------=_NextPart_000_00BB_01C19940.308C43E0 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable i sent proposal to them. lowest per seat price i offered based on = exclusivity pre-paid royalty of $600,000 is $18/seat. i could come down = with per seat if exclusivity pre-paid is higher. unfortunately = negotiation is a process. any first offer lower than $600k for = exclusivity sends undesirable message. other update: getting help from PK who came back from taiwan last night, = he is going to introduce me to (1) a potential candidate in L.A. who = could do a quick bridge financing of up to $300K, and (2) a taiwan = distributor, with 85% market share in the finance network infrastructure = sector, that has an elearning platform offering. idea is to get = advanced royalty of the amount about $300K for offering exclusivity = distribution of our products in taiwan. this will take time but i get = squeezed by chiahui for too long and too much that i need to get some = leverage to make things happen faster with chiahui. another potential = bidder for exclusivity of our products in taiwan is what will make it = work. if and when PK finishes the intro and there is initial interest, i'll = hop on a plane to taiwan and L.A. =20 also, my kpmg contact is making other intros for me and ask me to meet = with this company that likes our products for live language learning. i = think this is the same company that another person is working for me to = get a deal with.=20 =20 ------=_NextPart_000_00BB_01C19940.308C43E0 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable

i sent proposal to them. lowest per = seat price i=20 offered based on exclusivity pre-paid royalty of $600,000 is $18/seat. i = could=20 come down with per seat if exclusivity pre-paid is higher. unfortunately = negotiation is a process. any first offer lower than $600k for = exclusivity=20 sends undesirable message.

other update: getting help from PK = who came back=20 from taiwan last night, he is going to introduce me to (1) a potential = candidate=20 in L.A. who could do a quick bridge financing of up to $300K, and (2) a = taiwan=20 distributor, with 85% market share in the finance network infrastructure = sector,=20 that has an elearning platform offering. idea is to get advanced = royalty=20 of the amount about $300K for offering exclusivity distribution of our = products=20 in taiwan. this will take time but i get squeezed by chiahui for = too long=20 and too much that i need to get some leverage to make things happen = faster with=20 chiahui. another potential bidder for exclusivity of our products = in taiwan=20 is what will make it work.

if and when PK finishes the intro and = there is=20 initial interest, i'll hop on a plane to taiwan and L.A. =20

also, my kpmg contact is making=20 other intros for me and ask me to meet with this company that = likes=20 our products for live language learning. i think this is the = same=20 company that another person is working for me to get a deal with. =

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