Message-ID: <22073172.1075840224657.JavaMail.evans@thyme> Date: Mon, 20 Nov 2000 07:14:00 -0800 (PST) From: mark.lay@enron.com To: kenneth.lay@enron.com Subject: EIP Update, Week of November 20, 2000 Cc: marc.poulson@enron.com, fabricio.soares@enron.com, barbara.paige@enron.com, gene.humphrey@enron.com, domingo.drakes@enron.com, micardo.johns@enron.com, monica.edwards@enron.com, john.godbold@enron.com, olalekan.oladeji@enron.com, claude.tellis@enron.com, karen.barbour@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: marc.poulson@enron.com, fabricio.soares@enron.com, barbara.paige@enron.com, gene.humphrey@enron.com, domingo.drakes@enron.com, micardo.johns@enron.com, monica.edwards@enron.com, john.godbold@enron.com, olalekan.oladeji@enron.com, claude.tellis@enron.com, karen.barbour@enron.com X-From: Mark Lay X-To: Kenneth Lay, Sherri L Reinartz@Enron X-cc: Marc Poulson, Fabricio Soares, Barbara Paige, Gene Humphrey, Domingo Drakes, Micardo Johns, Monica Edwards, John Godbold, Olalekan Oladeji, Claude Tellis, Karen L Barbour X-bcc: X-Folder: \Kenneth_Lay_Dec2000\Notes Folders\All documents X-Origin: LAY-K X-FileName: klay.nsf Portfolio Companies Visual Bridge - Negotiating debt financing secured by stock of business partner EGlobe. Proceeding with video encoding contract negotiations for Pegasa, Televisa, Latinanet and NBC. Implementing dial-up operations with Telephonica in El Salvador and ITV in Guatamala. The company is still in the fund raising mode and the CEO, Felix Moreno, is also negotiating bridge financing to protect against cash flow shortfalls over the next three months. Community Call Centers - Discussions with MBNA to increase outbound minutes and initiate inbound minutes in first quarter 2001 proceeding. Primary revenue constraint is recruiting/training sufficient personel. Discussions with IBM and DCC about cross sale. Creole Shack - In discussions to hire Cabo, L.P. as management group for restaurant. Beal's Town Car - Evaluating financing alternatives or possible sale of company to either grow or exit operations. Cynet - Negotiating sale of fax broadcast business with initial close expected December 15, 2000. Addressing implementation delays with Enron's IT organization. ACS - Working with IBM, through DCC, for cable installation opportunities. Journee Software - New CEO on board. Evaluating strategic marketing study alternatives and potential for closing two to three clients before expected spring fund-raising. Treasury Connect - Preparing private label portals for Paribas and World Bank. RFP's for new clients, including Chase. Fundraising is not going well with VC community, but strong interest from strategic investors. DCC Wireless - Implementing IBM strategic relationship. Finalizing bandwidth contracts with EBS, Level 3 and Worldcom. Equal Access Media - Ahead of EBITDA projections for first two months at Wave. Cabo's - On target with EBITDA projections through October despite poor weather conditions. Expect to open private room this week with bookings from Conneco and other corporate clients. Received liquor license, should increase cash flow by $25,000 per month. Wilson Financial - Negotiating with Chase Bank for financing of Lowen acquisitions. Expected Closings Oatis Enterprises - Documents with OmniBank for final comments. Urban Financial Group - Expect to close in November. Final subscription agreements signed by HEOF. Please call if you have any questions. Thanks, Mark Enron Investment Partners 333 Clay St., suite 3800 Houston, TX 77002 p 713-853-7408 f 713-345-7670