Ariel Way, Inc. (fka AWYI)

[TripleL]

An Email from this last week...

From: "Arne Dunhem" <[e-mail]>
To: <[e-mail]>
Subject: Ariel Way
Date: Monday, March 24, 2008 09:46:46 AM


Xx Xxxxxx,


I hope you got my message from last week.


I am somewhat surprised to see our low stock price. If we look at financials and traditional metrics, I had expected us to be at least 1 – 2 cents. If in addition, an “excitement-factor” had come in, we should have been a little higher. With the financials from Syrei for last month consolidated with Ariel Way, we have the highest revenue for Ariel Way ever on a monthly basis, and of course also on a yearly proforma basis. As we indicated in our last PR, Syrei came in at 20% above expectation. On proforma, we are getting closer to $8.5 million from Syrei only as compare with expected about $7 - $7.2 million. With 8-10% EBITDA, profitability, it is also the best ever for Ariel Way. With normal multiples of 1 – 2 times revenue we should reach a theoretical market cap of $8 - $16 million, or at least 1 – 2 cents. If we have a typical EBITDA p/e multiple of 15 – 25 times, we could have been even higher.


True, we have not yet announced the closing with Lime Truck and Mason Media Networks, but I am confident they will come soon.


Any thoughts you might have on this?


Thanks,


Arne Dunhem



Arne Dunhem
Chairman & CEO
Ariel Way, Inc.
8000 Towers Crescent Drive
Suite 1220
Vienna, VA 22182
USA
Tel: [phone]
Cell: [phone]
Fax: [phone]
email: [e-mail]
www.arielway.com