Silicon Investor (SI) -- The First Internet Community

To: .Trev who wrote (118)

1/22/2001 4:20:47 PM

From Walter Buckley CEO of ICGE on 1/12/01:

``This additional backing shows our ongoing belief in Breakaway Solutions and its FSP business model.''

Yep, $5M at 12% fully secured by substantially all of BWAY's assets AND warrants for 9,737,447 shares at 11/16. What a deal! Since I believe in the "FSP" model too maybe Brooks will cut me a similar deal? Oh, that's right, all of BWAY's assets are spoken for.

9.7M shares is dang close to the float. Sheesh! And they called attention to this with a PR??

JF