SPOOZ Inc (SPZI)

[ITGuy]

Ok - good questions and I'll try to answer them.

First, I don't have hardly any time right now so I will answer what I can and continue later tonight.

1. TT is not public yet but some little birdie told me that that will be happening when TT reaches a certain dollar amount.

2. TT, from what I understand, is connectivity to the exchanges - and a damn good one at that, probably the best according to Spooz people. If Spooz could only write to one company, they would want it to be TT - and its already a done deal. Like Fed said, 6,000 screens at $700 is huge for Spooz.

3. TT is not in competition with Spooz. From what I understand, TT will not take away from Spooz's supscription revenue. This will be a cooperative partnership in which both parties will benefit. (Now, there was a mention of something like $.05 cents per trade maybe or something miniscule like that. I didn't quite understand that at the time and I forgot to follow up on it.)

4. The senerio is that Spooz executes trades through TT and the trade gets posted back to one of TT brokerages. The speed of the trade is critical and that's what TT does best of all.

5. With that being said, I wonder how fast the trades will execute through Ameritrade and whether the speed of that will be a problem. Apparently, a lot of brokerages have crappy APIs that might cause a headache.

6. String - the amount in 504's is $200k but there was another amount in question and that was of the convertible financing. I had down $300k but someone else thought $3mil. Once the convertible financing hits, the 504's will cease.

OK - need to go. I will try to remember more and post more tonight. Again, Anyone who was at the meeting, please feel free to correct me if I'm wrong about anything.

ITGuy