eFotoXpress (EFOT)

[Jimmy Quick]

Shareholder Email: 11/5/07
Dear Fellow Stock Holders:

I have just recently returned from my overseas trip - the longest I have ever been away. During the past two months I travelled all over Asia selling DCM Systems (www.efotoxpress.com). I have never been so successful in my entire life selling any product like this one. I continued to open more markets worldwide particularly in Asia. Like many new products it did take sometime to sell one system and it will continue to take that time to sell as many. It will take at least 6 months from the time of installation until acceptance before we got paid. This is very typical in the medical industry. The good news is they like our product. Our 30 inch monitor carrying 4 mega pixel resolution is the latest new hit. No one has ever seen anything like that. We have received 30 orders just for the 30 inch work station alone. We have just added another new product to our line.

We have recently opened a new office in the Philippines. We have hired several technical people to support our customers. We continued to hire sales-people so that they can help sell more products in the Philippines. At the moment we only have one hospital in Singapore using the product and we will use the support from the Philippines. We have appointed a major dealer in Bangkok and we are confident that they will do very well there. The dealer in Bangkok has purchased one entire system as their own stock. We are in the process of drafting an agreement with an Indian Distributor. The Distributor will purchase 40 systems and inventorized them as stock. Meanwhile in the USA we are close to completing a deal with Dr. Richard Oliver. Dr. Oliver is a major stock holder and he has agreed to sell the product on a limited exclusivity arrangement in the US.

In the interest of the stock holders I have decided to defer the listing of the stock which I have promised. I had earlier promised that I will take the stock public in September. However come September, I felt that we were really not ready. Our product would have only generated meager revenue and I felt that it will not generate ienough nterest within the investing public. I am so afraid that it would come out as a penny stock and I would have been blamed for a lousy job done. If we ever came out as a penny stock we may not be able to climb out of this hole and realize greater value later. The climate at this time is also not right for a listing. The US stock market is about to face one of its worst nightmare soon. With oil prices closing at $100 a barrel and a weak US dollar (as most currencies are posting all time high against the US dollar) I am sure everyone would agree that we should not rush into listing just for the sake of listing but it would be wiser to do so when we are more ready. I have a fiduciary duty as the CEO and I intend to do what I can in the interest of all of you. I strongly believe we need more time - more time for the product to get known and with time we have a better chance of making those revenue numbers.

I have been approached by an investment banker from India (www.silverdaleservices.com). I have now received papers which I have to complete. The Investment Banker will provide $50 million to eFotoXpress in exchange for conversion rights when we go public. The $50 million will come from Barclays Capital ( a Division of London's Barclay Bank), Goldman Sacs, Silverdale and several Funds out of Dubai.This money will be used to purchase new technology and even new companies so that we can grow bigger. The Investment Banker will also take a positive role in the manner in which we role out our business. They will take us to the Middle East where one of such investor is the owner of 18 hospitals. Incidentally the Indian deal came from this Investment Banker. I can see why when an investment banker who gives you $50 million will want to see that you don't go down. I can only draw the conclusion that they must see a future in what we are doing. The due diligence process should be completed by the end of the month. I don't see any reason why this deal cannot go through but there is still a chance that they may abort the deal. So let us not celebrate for now until I sign on the dotted line but use this as information for an update.

Once again I want to appeal to all of you not to drown this office with e-mail insisting that I must update you all every two months. While I appreciate your investment I do not have the time to answer every individual question. No CEO of a company does that. Some of the stock holders were so demanding that it has become quite annoying. In future I will refrain from writing to stock holders unless in an e-mail like this. We are going into revenue phase and it will take another 9 months before we really can start counting our chicken. No news is good news.

I want to assure you that I have worked relentlessly to make this company very profitable and so please be more patient.

Thank you.

With warmest Regards


Edward Tan
CEO