5.0. EDSR 10-14-1997 - Laserfiche WebLink

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OOPS Videoconferencing, Inc. Page 4 • MANAGEMENT: Karthik Sridharan Iyer, CEO and Chairman of the Board Mr. Iyer is responsible for new product development and technology. He is also the major owner and chief executive office of Object Oriented Program Services Private Limited, Madras, India, which developed and maintains the OOPS licensed software, and Object Oriented Program Services, LLC, a Minnesota corporation. He has served as a computer and systems development consultant to companies such as CWC, Inc., Unisys, Inc., and General Mills, Inc. David A. Case, Corporate Secretary and Board Member Mr. Case is responsible for quality control, product testing, and product marketing. He is the owner and chief executive officer of D.A. Case and Associates, a manufacturers' representative company whose principals include major suppliers to the electronics and telecommunications industries. Bruce C. Lamp, Corporate Secretary and Board Member Mr. Lamp is responsible for finance and administration. He is a business consultant who specializes in technology start ups and troubled company workouts, formerly with Arthur • Andersen&Co. and a financial officer with ADC Telecommunications, Inc. He recently completed the funding of a start-up company and also served as manufacturing vice president during the product development stage for another company which manufacturers and sells video telecommunications equipment. COMPANY NEEDS: Personnel: Based on its business plan, OOPS will employ 5 to 10 customer service and technical support personnel and about 5 electronics assembly employees at the start of its second fiscal year (mid-year 1998). Financial: OOPS is currently offering shares of its common stock to accredited individual investors. The stock offering will raise $250,000 to $500,000,based upon other financing sources employed. OOPS is seeking community financing in the form of loans and, if available, grants for start-up of a customer service and assembly location. Funds sought will be for employee recruitment, training, working capital, and facilities. Such funding would be staged, • initially for $250,000 to $350,000, with additional funding for a facility as the need is defined.