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Technology Stocks : Communications Research Inc. (CRHI)

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To: Sidney Reilly who started this subject8/12/2004 6:44:27 PM
From: Sidney Reilly   of 37
 
As of June 30, 2004, there were 32,588,550 outstanding shares of Class A common stock, par value $0.001 and 700,000 outstanding shares of Class B common, having no par value, issued and outstanding.

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A Regulations S offering has been executed by the company on or about January 15 2004, with Westbay Consulting of Barcelona, Spain. The Company has begun raising funds under this agreement.

A Regulations S offering has been executed by the company on or about February 28, 2004, with Pacific Continental Securities, London, England. The Company has begun raising funds under this agreement, as planned, in the third quarter.

A Regulations S offering had been executed by the company on or about March 18, 2004, with Esprit Administrative Services Private Limited, Hyderabad, India. Due to non-performance, the Company cancelled the agreement with Esprit.

For the Quarter ending June 30, 2004, the company realized $175,608 in net proceeds in Regulation S offering.

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