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Re: None

Saturday, 01/21/2006 2:51:24 PM

Saturday, January 21, 2006 2:51:24 PM

Post# of 1408
Hyundai HDS appears to be a pretty strong company with a security solution for the banking and insurance industry. Their 8e6 solution has already been sold to a variety of schools and it's internet filtering solution has been sold to many Fortune 500 companies. Their growth rate is 30%.

Since Hyundai HDS is willing to partner with Cintel, Cintel must have something decent to offer.

Cintel did manage to get investors to give them $8,853,191
in cash in exchange for non-interest bearing convertable notes at a weighted average of $0.20 per share.

My mistake as it appears now, is that Cintel had $1,430,542
in loans that were due prior to December 31, 2005. Most of these debts had high interest rates. So, I would imagine the company has no current debts and $7,422,649 in cash (at no interest) to work with for the next 18 months.