--------------------------------- Montreal September 13th 2007 Mr Raphael Huppe Media City Corporation 1, Place Ville Marie, suite 2821 Montreal (Quebec) H3B 4R4 OBJECT: Due Diligence Acquisition of Folo System _______________________________ Dear Mr Huppe, We have undertaken to review the documentation in view of the acquisition by Media City Corporation of the Folo System. Our conclusions at the moment are the following: . Media City Corporation shall complete within the upcoming days the issuance of sixty million (60,000,000) restricted shares to be distributed amongst Raphael Huppe and key employees of ECN Holding LLC, ECN Control Canada Inc., Effective Control Trucking LLC, Effective Control Transport, GPS Global and any other related entity to insure the transfer of the intellectual property to Media City Corporation. As this stock is restricted, it is understood that this stock cannot be sold in order to raise funds. It is our recommendation to consolidate all of the above mentioned companies. Media City shall also complete the acquisition of Argo Navigation within the upcoming days with the issuance of ten million (10,000,000) restricted shares to be distributed amongst Jason Shin and key employees of Argo Navigation. With the above mentioned shares MCCY will have a total of 125,000,000 active shares.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.