iPackets International Inc. (IPKL)

[lasvegascowboy]

This is an e-mail I just received from Kanno. What doesn't make sense is if he hasn't received the money yet how can SWS be selling our product.----------{Lee, Per previous conversation with you and other shareholders, I explained the cash dividends process a number of times. Let me explain it again, and also highlight what agreements have been signed and are still pending:

1. iPackets has signed a Letter of Intent (LOI) with SWS for the sale of iPackets' asset. As with most LOIs, ours is not binding.

2. iPackets and SWS are working towards finalizing the Asset Purchase Agreement (APA). We had hoped to complete this in the August/September, however, we were to optimistic. We have NOT signed the APA, and I've stopped guessing when it'll be signed.

3. Once the APA is signed, the funds will be transferred from SWS to iPackets. In other words, the funds have NOT been transferred to iPackets yet.

4. Once the funds are in our account, our attorney will file the necessary documentation to declare a cash dividends. I don't know how long this will take, but my guess is at least a few weeks.

5. The cash dividends will be transferred directly to all shareholders' brokerage accounts.

I sincerely hope the above clarifies things for you.}-------I have sent an e-mail to a securities attorney explaining our situation with IPKL. I will post any information I find out. One last thing- I've sent several e-mails to Kanno as well as phone messages and didn't get any answer back untill I sent one that started out with [my attorney will be contacting you next if I don't hear from you soon].