Lender Ltd./Efficiency Experts Acquisition update
November 2, 2001
Dear Shareholders and Interested Investors,
With respect to the closing date of our acquisition of Lender, Ltd. and Efficiency Experts LLC, we have been
placed in the enviable position of having to negotiate specific financial terms with several lenders that pre
qualified this transaction working through our Investment Bankers. I am confident that we will make our
selection early next week, at which time we will then be able to proceed towards finalizing the closing of this
transaction.
As a further update, Efficiency Experts is already working with our existing IT staff and contracts have
already been received for our services. I will be in Detroit next week meeting with Lender Limited’s "Lead
Bank". Additionally, I will be meeting with the presidents of Lender's IOC’s and look forward to making their
transition into a public company as smooth as possible.
Warmest regards,
Stephen E Williams
Chairman, President and Chief Executive Officer
