Duos Technologies Group Inc (DUOT)

[Adrian1]

I am back from a few weeks off for medical leave.

Subject: Recent S1 Registration Filing re: Series E

Summary: Company recently filed an S1 registration statement on behalf of a shareholder covering the shares of common stock issuable upon conversion of the Series E Preferred Stock. This is what is called a “resale” registration statement and covers the potential conversion of shares from a Convertible Preferred deal done some months back.

My Opinion: The market seems to have the wrong impression that somehow, we are now selling stock at $3. There is just one holder of the Series E which is the Company’s largest shareholder and they just bought additional shares at an equivalent of $6.20 per share in connection with their purchase of Series F Preferred Stock. There are no plans to offer any further Series E preferred shares. Feel free to send in any questions on this or other subjects to be addressed at the upcoming Conference Call next Monday.