Below are the exchanges of e-mail I just had with Petel Investor Relations.
From : Investor Relations <investors@petel.co.uk>
Sent : Tuesday, September 4, 2007 1:20 AM
Subject : RE: Petel Inc
Please see comments below.
-----Original Message-----
Sent: 03 September 2007 18:13
To: investors@petel.co.uk
Subject: RE: Petel Inc
Dear Sir,
Thank you for your response. Sorry to trouble you to clarify two points which seemed to be omitted.
1. You missed answering whether Medify UK is owned by Petel Inc or Petel
Limited (UK).
You already mentioned that Petel Inc owns 100% of Petel UK. I want to
understand where Medify UK fits in the organisation structure.
Petel's response:
Medify is owned by Petel Inc. Petel Inc is the parent company that sits over Petel Limited and Medify Solutions Limited.
2. You named David Morton and Phil Evans only as "Officers" of Petel Inc. Please name the "Directors" of Petel Inc. I expect there would be "Directors" for Petel Inc.
Petel's response :
David Morton and Philip Evans are the Directors AND Officers of Petel Inc. They are the only Officers, Directors and Controlling Persons of Petel Inc and Petel Limited.
Regards,
Maybank
From: "Investor Relations" <investors@petel.co.uk>
Subject: RE: Petel Inc
Date: Mon, 3 Sep 2007 17:22:39 +0100
Dear Maybank
Thank you for your further email. Please see our points of clarification below.
Regards
Investor Relations
Petel Incorporated
Original Message-----
Sent: 03 September 2007 16:42
To: investors@petel.co.uk
Subject: RE: Petel Inc
Dear Sir,
Thank you for your response.
Please confirm that the Medify Solutions Limited you are referring to is the UK Medify, and not the US Medify. Also please clarify if UK Medify is owned by Petel Inc or Petel Limited (UK). Also please clarify is the a2a shareholding held by Petel Limited (UK) or held by Petel Inc.
Petel's response :
The Medify referred to is UK. There is no US Medify Solutions anymore, this is now Petel Inc.
Petel Inc owns 100% of Petel UK.
The a2a shares are held by Petel Limited and are therefore an asset of Petel Inc.
When you say, " Ian O'Reilly is not part of either company", which companies are you specifically referring to? Is it Petel Inc and Petel limited (UK)?
Please clarify if Ian O'Reilly is in Medify.
Petel's response :
Ian O'Reilly is not in Petel Inc, Petel Limited or Medify Solutions Limited.
May I post your response on the I-hub board?
Petel's response :
You may.
I would like to give you the following feedback as it may possibly be causing some confusion:
1. There is no website for Petel Inc. The Petel website is for Petel Limited (UK).
Petel's response :
If you check the Petel website (www.petel.co.uk) is for Petel Inc, it just has a .co.uk web address as we already own that domain and saw no need to change it.
2. Some, or perhaps many of the shareholders refer to the Petel Limited (UK)website as well as the Pink Sheets website for information. It is in the company's interest to keep the information on the company website and the Pink Sheets website updated in a timely manner so that the information is up to date and accurate.
Petel's response :
This is something we always try to achieve.
3. Please note that "Officers" of the company is not the same as "Directors" of the company. The Pink Sheets website information for Petel Inc only show the "Officers" of the company, not the "Directors". Please list the "Directors" names separately, even though in Petel's case, some "Officers" may also be "Directors". If you get a request for the names of
the Directors, please give the "Directors" names, not the "Officers" names, whether or not they are the same people. That may be the reason you are getting the question repeatedly about who are the Directors of Petel Inc.
Petel's response :
The Directors of Petel Limited are David Morton and Philip Evans. The Officers of Petel Inc are David Morton and Philip Evans. There are absolutely no further Officers, Directors or persons with control of the Company.
We hope this clarifies matters.
Regards,
Maybank
From: "Investor Relations" <investors@petel.co.uk>
Subject: RE: Petel Inc
Date: Mon, 3 Sep 2007 10:08:58 +0100
Dear Maybank
Thank you for your enquiry.
Petel Inc owns 100% Petel Limited and Medify Solutions Limited. The latter is subject to an agreement for its purchase that is now very near completion.
In addition Petel has shareholding in a2a Group Plc.
For your information, and for the benefits of your forum colleagues can we take this opportunity to confirm for you that Ian O'Reilly is not part of either company. May we also confirm for the final time that the ONLY officers and directors of Petel Inc are David Morton and Philip Evans.
Out of over 2,300 shareholders we have one person who is trying to convince people that the legally required information supplied to Pink Sheets is incorrect and untrue.
Furthermore, we have spoken with both FINRA and the SEC and they are happy and confident that we are in good standing.
We hope this information is of use.
Best Regards
Investor Relations
Petel Incorporated
-----Original Message-----
Sent: 03 September 2007 03:05
To: investors@petel.co.uk
Subject: Petel Inc
Dear Sir,
Can you please advise specifically what corporate entities are currently owned by Petel Inc (registered in Delaware). Please indicate the percentage ownership as well.
Thanks and regards,
Maybank
