Reply from Paul Strickland to an email I sent to Spooz.
My question:
In recent weeks you have provided a lot of information about goals and plans which sound very interesting and exciting. You sound as if your hopes are very high.
There is a big difference between setting a goal and achieving it. Can you give us any sense of realistically where Spooz is in relation to the goals that have been outlined? From your perspective, without giving any inside information, can you provide any indication of the progress that has been made so far?
I won't post any reply on public boards without your express consent.
Thanks so much.
Sincerely,
----------------------------------------------------------
Paul Strickland's Reply:
During the fourth quarter this year we will be engaged to accomplish a number of significant milestones:
We will launch Fractalz on October 16 so we are very busy with final testing implementation of marketing and sales for this product. We are focused on exceeding projected sales of 350 subscriptions before the end of 2006.
We are also in the process of developing a trading plan for Fractalz to be implemented soon. All of the registrations and financing are in place to begin trading operations within 30 days of product launch.
We are in negotiations with Ameritrade and optionsXpress regarding joint marketing (and the funding participation) for SpoozToolz v 2.0 to be launched in January.
We are in the process of ramping up an IR campaign designed at increasing institutional investor awareness.
The Adler Group is preparing our books for a certified audit in January to be followed by filing with the SEC to become a fully reporting OTC:BB company as quickly as the process can be completed.
In short, the milestones for Q4 are critical to the long-term prospects for Spooz. We have a handle on all of the Q4 milestones and in some cases are well ahead of schedule.
I believe that our shareholders should look out 18 months for a public exit. In 2007 our emphasis will center on revenue growth and the development of complementary products to the SpoozToolz platform. Since we have already experienced overtures from significant organizations, we believe we will be a bonefide acquisition target by this time next year.
I hope this answers most of your questions. I have no objection to your publishing this communication, but I would ask that you submit your questions to our blog at www.SpoozNewz.blogspot.com in the future.
Have a great weekend.
Best Regards,
Paul D. Strickland, Jr.
Chief Executive Officer
Spooz, Inc.
312-379-3166
312-223-0110 Fax
