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To: Francois Goelo who wrote (7)5/2/1999 12:53:00 PM
From: architect*  Respond to of 25

in the middle is Sara's version

1998 profits $6 million on 12 Million O/S,

there are *those guys* on the Sara thread that question information issued by Sara on one of their own IPO's, cheers John

from SLNN website

SolutionNet International, Inc.

Fact Sheet – April 6, 1999


Corporate Structure:

Total Shares Outstanding: 12,175,000
Float: 1,675,000
Warrants: 1,000,000 @ $5.00 per share

Company Subsidiaries: SR Singapore Pte., Inc. 100%

Corporate Offices:

Marina del Rey: Head Office
San Jose (Silicon Valley): US Development Office
Singapore: Programming Development Center
India: Sub Contracting and Programming
Farmington Hills: Marketing (Eastern USA)
Australia: Marketing

Products: SolutionNet Focuses on Two Important IT (Information Technology) Solutions, which are both Platform Independent, Capable of incorporating Smart-Card Technology, and which utilize State-of-the-art "thin-client" Browser Technology.

E-NET Internet Banking (Electronic Banking): Internet-based, fully secured, online banking system which provides the bank's corporate clients with convenient and secure access to their accounts around the world and around the clock. Banks can also use E-NET for sharing information between branches.

E-NET Internet Banking was nominates by Oracle Systems S.E.A. Ltd. for the 1998 National IT Awards.

EMI (Electronic Medical Information): Enables the healthcare industry to apply Information Technology to provide better and more meaningful service through the unification of both clinical and administrative information, drastically reducing massive costs, repetitive work, and the burden of paperwork on the patient.

EMI features: Clinic Administration, Billing System, Electronic Medical Records, Telemedicine Support, Medical Analysis & Reporting System, Systems Administration, Smart Card Access, and Security.

Services: SolutionNet is also a full service consulting and programming house providing end-user Internet Technologies, ERP Solutions, Y2K Conversions, Multimedia Applications, Technology Integration and Systems Integration, Offshore Resource and Consultant Training.

Other: SolutionNet and its subsidiary SR Singapore, Pte. Ltd. are internationally renowned for there high quality IT (Information Technology) solutions, focused towards the integration of the Internet with the Banking, Medical, Finance and Telecommunications industries

Partial Current Institutional Clients Include:

Citibank N.A. Johnson & Johnson

Sun Microsystems Commerz Bank

COMPAQ Asia Pte. Ltd. Western Digital Pte Ltd.

ABN AMRO Bank Deutsche Bank, AG, Singapore

Siemens Components Pte. Ltd. Credit Suisse First Boston Bank

Revenue: SolutionNet International, Inc.

Numbers are actual numbers based on a past and present consolidated figures from SolutionNet, International, Inc. and SR Singapore Pte., Ltd


1995: 53,000 SGD (Audited)

1996: 1,222,950 SGD (Audited)

1997: 2,600,000 SGD (Audited)

1998: 6,000,000 SGD (Currently being Audited)

1999: 20,000,000 SGD (Projcted)

2000: 40,000,000 SGD (Projcted)

2001: 80,000,000 SGD (Projcted)

2002: 120,000,000 SGD (Projcted)

* SGD denotes Singapore Dollars
* $1.738 SGD per $1.00 USD

The contents of this report are the opinions of the management of Sara Hallitex Corporation and have not been reviewed or approved by any Securities Exchange Commission or other regulated agency. Statements in this release are made pursuant to the ‘Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risk and uncertainties, including without limitation, continued acceptance of the Company's services, increased levels of competition for the Company and dependence on the performance of the Management of the Company.

To: Francois Goelo who wrote (7)5/2/1999 1:40:00 PM
From: architect*  Read Replies (1) | Respond to of 25
Clarification of my last post,

The $6 million is *revenues*,

the news releases at this link estimates

1998 *profits* @ $2 million
1999 *profits* @ $5 million,

then go to newspaper article from The Business Times dated 2/26/99

in this article Mr Suresh the CEO is quoted as saying

"he expects profits to rise to about $5 million this year from $2 million last year."

cheers, John