Interups Inc (ITUP)

[palaypu0406]

Dear Karlacorn and all,
As you all may have read my mail today afternoon, we made some appointment changes in the organization. Due to my personal health conditions and as it turned a necessity to have succession planning, I have promoted my daughter from deputy CEO position to CEO position. And I made Mike as the Operational Head. But I have not absolved myself from my key responsibilities as I would like to focus and keep sales, new business initiative and mergers and acquisitions which are key to the growth of this organization over the next 3 years.

If however, the group of shareholders are opining that I have shed my position as CEO to allegedly bail myself out...
I would not be putting my daughter into risk for my personal selfishness. Never in the last 40 years, I shed my responsibilities even in the worst of time that organizations faced nor I would now..

However, I would like to know from all of you, if you all think that I should continue to be in CEO role for some additional time until we are funded, I will surely do that. I just wanted to bring the changes so I can introduce Likhitha to the banking groups and the bankers so she can operate on a full scale and I thought I can focus my time full time ...

Please kindly opine and I will follow the advise from you,

Sincerely,

Laxmi Prasad