The Unabridged History of Winners and Losers

[Tatari Gami]

An open letter to our WINR shareholders from David Skinner, Jr. (re addition of "E" and potential delisting).
As posted on Raging Bull and copied onto SI on May 18, 2000.
http://www.siliconinvestor.com/stocktalk/msg.gsp?msgid=13735625
RAGING BULL POST:
An open letter to our WINR shareholders from David Skinner, Jr. -

We have tried to communicate recent events relating to the 8-K and our SEC status and
potential delisting through recent press releases, but in light of our delisting today I
wished to apologize personally and to clarify the previously announced issues in order to
put to rest the speculation that has been generated on this board.

The company does not have an in-house SEC attorney. We retain outside counsel to
advise us in these matters. This problem arose in the first place due to an incorrect report
by our attorney at that time of the deadline dates for receipt of the E and subsequent
possible delisting. We ended up with a full month less time to file our 10-K and get it
approved than we believed we had after we withdrew our initial submission (for the
reasons detailed in a previous press release and with the SEC?s full agreement and
encouragement). In response to this serious oversight, we engaged in search for a new
SEC attorney, approaching more the 10 firms nationally. We ended up selecting an
attorney who had been highly recommended by multiple sources.

With the assistance of this new attorney, we completed the Glennaire acquisition and
prepared the 8-K. Upon filing, we were advised by multiple attorneys that we would
immediately be fully reporting and that there existed a reasonable expectation that we
would be notified within a matter of days that it would not be reviewed. Due to the
thoroughness of the filing, we believed that we would be so notified, and that when NASD
was notified of the acceptance without review of the filing that we would avoid even
temporary delisting.

Following submittal of the 8-K, we were notified by the SEC that they were in receipt of
the filing. We waited for the filing to make it into their system, and then followed up with
calls to determine our status. We knew it was going to be close, but believed that the 8-K
would be accepted without review in time to avoid delisting. When we were able to get a
call back from the appropriate personnel at the SEC, we learned to our shock and
amazement that the filing had been made under the wrong number. The 8-K was filed by
our attorney under Winners? number and should have been filed under Glennaire?s. This
was not a question we even knew to ask.. We rely on the counsel of people who we
believe are knowledgeable in the field, and unfortunately we sometimes find ourselves let
down. As a result, the filing has been sitting on the wrong desk at the SEC and we could
therefore not get the acceptance we needed to avoid delisting. Needless to say, I accept
full responsibility for and am deeply disturbed by this oversight and by the short term
confusion and distress it has created for our shareholders.

The 8-K has been refiled under the correct number, and the filing is now in the proper
hands. We are waiting to hear whether it will be accepted without review, which should
occur in a matter of a few days. Unfortunately there is nothing we can do to expedite the
process. We also expect to be filing our 10-QSB by tomorrow. This is the quarterly report
required to maintain the full reporting status established by the 8-K. Thus, we are
presently in full reporting status, and hope and expect that the SEC will accept the 8-K
without review and notify us of this in the next 1-10 days. We will then make sure that such
notification is communicated to the NASD and we will again be listed with full reporting
status.

We will issue a press release as soon as we have a definitive answer from the SEC so
that we may state facts rather than speculation. We have appreciated the patience and
support of our many loyal shareholders through this period. Believe me when I tell you that
no one wants this whole matter to be completed more than myself. We are greatly looking
forward to being done with these endless bureaucratic complications and getting back to
the exciting business of building the company.

BTW, I have just finished reviewing a beta of the new web site and we hope to have it up
for all to see very shortly. Thanks again.

David Skinner, Jr.