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• . 1Alm , <br /> 0 <br /> LapTwo Technologies, LLC <br /> 554 3rd Street NW <br /> Elk River, MN 55330-1416 <br /> 763-633-9434 .www.lcpiwo.com <br /> 6 April 2005 <br /> Heidi Steinmetz <br /> Elk River Economic Development Authority <br /> 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> RE: LapTwo's Graduation from the Incubator Program <br /> Greetings Heidi, <br /> I'm writing on two topics today. First, I'm pleased to inform you that <br /> LapTwo is graduating from the incubator program. In the past two <br /> years, we've successfully developed completely new implementations of <br /> • the computer networking protocols which drive the internet. We're now <br /> working to apply this unique software to create special networking <br /> products for several different commercial markets. In an attachment to <br /> this letter, I've provided you with brief executive summaries of each <br /> of these products. <br /> As of January, we have also opened a subsidiary service business called <br /> "TopNotch Computer Service", devoted to maintaining computers and <br /> networks for individuals and businesses. On March 21st, we moved this <br /> business into a store-like office space at 554 3rd St NW, next door to <br /> the Elk River post office. With the move came the hiring of a full- <br /> time computer maintenance professional to run the store. So this <br /> business has added a full-time, W2 employee to the company. The <br /> company's plan is to develop TopNotch Computer Service into a branded <br /> chain of computer service stores, headquartered in Elk River. <br /> For a variety of reasons, the move of the new computer service business <br /> necessitated the move of our corporate office into the same building. <br /> The proximity allows us to share our high-speed internet connection, <br /> phone system, and file servers between the businesses, as well as <br /> facilitating the development of the specialized management software and <br /> systems needed by the new support business. <br /> • page one of two <br />