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Enron Mail |
Client Companies
Visual Bridge - The company is negotiating content/streaming transactions with two Latin American clients. Expect to close one or both transactions by year end. Initiated discussions with EBS to review technology for EBS clients. Cynet - Expect to close sale of fax broadcast business by December 15, but will have to finance $3.5 mm of $7.0 mm purchase price. We are evaluating alternative structures to address collateral issues and pay down a portion of our existing preferred position. Illusions Screen Printing - Moore Business Systems (an Enron Vendor) is very late on a significant receivable for the company. We are working with Enron personel to address the issue. American Communication Services - Increasing SWB agency business and developing prime contractor relationship with SWB. Treasury Connect - The company is having limited success in fund raising. Currently the company is negotiating with TH Lee, Softbank and Reuters for investments. Paribas has committed to a private label portal transaction and Deutsche Bank is reviewing a proposal. With no new revenues, the company will run out of cash at the end of January. If currently anticipated consulting and private label transactions are completed, the company should be able to operate through March without additional financing. Cabo's - Indicated that their liquor license had not been issued yet because of delays caused by a background review of one of the limited partners. Expect to have this addressed shortly. New Transactions Urban Financial - Expect closing December 15. Our client negotiated a significant reduction in the purchase price, in large part, because of an equity funding shortfall. Capital ratios for the bank will remain strong and the new bank has already received indications of commitments from State of Connecticut agencies. Custom Feeds - Omni Bank is preparing their documents. All other documents have been drafted and are being reviewed. Wilson Financial - Received financing term sheet from Chase Bank. If you have any questions, please call. Thanks, mark Mark Lay Enron Investment Partners 333 Clay St., suite 3700 Houston, TX 77002 p 713-853-7408 f 713-345-7670
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