OPLO - from their website.
February 13, 2003
Letter to the shareholders:
We have received several questions regarding the timeline and execution of this offer. In order to eliminate some of the confusion, we would like to clarify
some details.
The company's SEC legal counsel is preparing a document that will clearly define the process of the actual execution and will be provided to all OrderPro Logistics' shareholders of
record as of close of business February 18, 2003. These documents will be sent to shareholders of record within the following seven business days with instructions on how to
respond if they elect to take advantage of the conversion and grant the option to purchase their shares at $.50 per share.
Mr. Schectman and his investor group will have 120 days from the date of agreement to exercise his option to purchase up to 90% of OrderPro Logistics' shares outstanding at
$.50 per share. Upon official notification to exercise this conversion, the company will provide the shareholders of record who have elected to grant the option, detailed instructions
as to the date of execution and how to tender their shares. Owners of 51% of the shares outstanding have already agreed to grant the option to purchase their shares.
In addition, we would like to assure shareholders that the company has not limited its options to attract additional investors or investment capital. Therefore, should the company
receive a bonafied offer for other funding, during the duration of this agreement, Mr. Schectman's investor group will have seven days to execute their option.
We are very optimistic about the progress we have made to date. We have been working very hard to execute our game plan and we are now seeing it come together. This offer is
presented by a solid group of investors that believe in the company and the funding we will obtain through their continued participation will enable us to accomplish our short and
long term objectives by growing its 3PL services globally and securing acquisitions.
Sincerely,
Richard L. Windorski
Richard L. Windorski
President and CEO
AI
