eFotoXpress (EFOT)

[Jimmy Quick]

NEWS 8/24/2007: Update, and I mean WOW Update

Dear Fellow Stock Holders:

I have just returned from my trip. I have been away for 7 weeks. In the seven weeks I sold installed 4 systems ($700,000). I have 3 ($525,000) more pending as we ran out of hard ware. Shortly I will return to the Orient to complete the installation. The product continues to do well. The most important advantage in our system is the storage. People like our automated storing system. Equally important is our ability to allow remote access through the internet. In another important development we have successfully implemented remote access via internet without having to download images for manipulation and construction. This has increased the speed in which radiologist complete reading. With such successful implementation we have decided to charge a monthly fee of $100 per seat. Our observation is we will get at least 10 seats per customer. In short we may be able to collect a monthly fee of $1000 from each customer (or $12,000 per year). If we have 1000 customers we will generate an annual recurring income of about $12 million.

We are confident we will have 1000 customers by end of 2008. We are in the process of completing our agreement in China and India and both these countries are our hope of making these numbers. A meeting has been set for Sep 8th in China and 15th in India.

During my 7 week tour in the Orient, I held several meetings with prospective buyers for eFotoXpress. Some offers were very attractive and some were not. I am in the middle of finalizing an offer. In my next visit scheduled for Sep 2nd, I will complete the offer and report back to you all for a stock holders meeting when I return. We shall all vote for a decision whether to sell the company or hold on to it. My report to you will contain the sale price and all the conditions attached to it. Nothing has been finalized yet and everything is speculative.

Thanks again for your support.

With Warmest Regards

Edward Tan, CEO