Reply from IR taken off the Yahoo board
Yes, we are still on target to achieve the items you mentioned below. Wits Basin management is in Hong Kong right now and they are on track to complete the definitive documentation by March 31. Further progress will be made on the ADR program once the definitive documentation is complete and the company still intends to implement the ADR program in conjuction with the merger.
Dia Stokes Kelly
Lighthouse Communications
4243 Dunwoody Club Drive, Ste 103
Atlanta, GA 30350
678-222-0293 direct
866-739-0390 toll-free
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From:
Sent: Wednesday, March 28, 2007 7:01 PM
To: info@lhcom.bz
Subject: question regarding the merger
Deb:
Are we still on target to achieve the following 2 items mentioned in a prior PR by WITM?
Certain Board Members and representatives of management are now planning a return trip to Hong Kong in March, which they believe will allow for the finalization and execution of the definitive documents. Out of respect for the Chinese New Year, the planned date of execution of the definitive documents is now expected to be on or before March 31, 2007.
Company management is currently working with the depository trustee to commence meeting the requirements of the ADR program. The ADR program will enable our North American shareholders to have a North American exchange available to them to buy and sell their respective shares after completion of the merger. The Company intends to implement the ADR Program in conjunction with the merger.
Thanks
AI
