Pay88, Inc. (fka PAYI)

[resident1155]

Pay88 a letter addressed to shareholders

http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&layout=1&eotf=1&u=http%3A%2F%2Fwww.pay88.com%2Findex.shtml&sl=auto&tl=en

Dear Shareholders:

As the financial crisis, and companies operating reasons, the company's share price plummeted in the past year, to shareholders of investment resulted in losses off the books, for which I apologize that I have! Now some of the basic situation of the company to do the following instructions:

1, the company in September 2007, including VISION CAPITAL successful, including three fund investment. According to investor's plans to join us, we completed the sales revenue and market share growth.

Second, the reasons for the financial crisis, institutional investors can not fulfill the commitment to continue to invest, leading to the liquidity of our current size of the market can not support the company's revenue growth also failed to achieve practical benefits.

3, the company's management to actively trying to seek a restructuring through mergers and acquisitions, and quickly realize the intrinsic value of the company PAY88 upgrade, there are already several potential merger targets are being negotiated with the Division I, in which a type of intent has been signed the merger agreement, according to U.S. Securities Law the relevant provisions of Division I will soon be on the global announcement.

4, such as PAY88 recently to complete the restructuring, we believe that this will have a positive impact on company's share price.

5, if the company could not complete the restructuring in the near future, we will reduce costs and maintain operations, we ensure that the company does not appear the situation of bankruptcy liquidation, we will maintain the company's operations and actively promote the potential restructuring.

6, as the OTCBB trading venture companies, the company's development is indeed full of risks, which I need to remind shareholders, we are there operational risk.

In addition, the ulterior motives of individual lawbreakers stolen my name on the Internet mischievous PAY88 company and I matters, in particular, the following statement:

1, the recent rumors circulating on the Internet company's business secrets leaking PAY88 and malicious slander of my posts (hereinafter referred to as the Internet post) is not written by me, the hair, the Department of individual criminal elements of the misappropriation of my name;
2, the Internet involves a lot of posts is clear from fiction, slander, and constituted a crime. PAY88 company and I are taking positive steps in bringing criminals to justice;
3, in order to PAY88 corporate restructuring matters, I am currently the United States to handle related matters, will soon return home;
Taking into account some of the shareholders of the company makes a significant contribution, over the years quietly support the company's development, I am unable to obtain a good performance of the company was deeply ashamed!
Finally, the company's stock price fell once again apologize and thank you for many years the company's shareholders, and the strong support of my work!

Fantao
PAY88,Inc PAY88, Inc
Director and Chief Operating Officer