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iik3 3 1 25100 <br /> NFo 4r-off <br /> • MC v.64-io / T <br /> StepMate <br /> by Enhanced Living <br /> Technologies <br /> January 27, 2000 <br /> The Economic Development Authority for the City of Elk River <br /> P.O.Box 490 <br /> Elk River, MN 55330 <br /> Dear Sirs: <br /> I'm sorry that the weather on the 19th was not a little more conducive to travel. Shareholder <br /> turnout for the meeting was far lower than expected, but we did have a quorum present and were <br /> able to conduct the 1 annual meeting of shareholders for Protector Care, Inc. The only item <br /> requiring shareholder action was for the election of directors. The following individuals were <br /> elected to the Board: Paul Probst,Nick Stockwell, Dave Dent, Karl Groth and Billy Kroll. <br /> This letter summarizes the information included in the"business review" segment of the meeting <br /> in order to provide you with an update of the progress your company has made over the past <br /> • year. <br /> • Our business report began with a brief review of the"transition" which the company <br /> has undergone in the past couple of years, moving from an entity which sought to <br /> market its products through medical equipment dealers to one operating as a virtual <br /> company, and marketing directly to consumers. <br /> • After the planning phase of this transition, which occurred during the second half of <br /> 1998, the company moved into the implementation phase. The first step in this <br /> implementation involved selection of a Brand name and a corporate name better <br /> suited to the consumer marketing process. After careful consideration, StepMate was <br /> selected to replace CareStair as the Brand name, and Enhanced Living Technologies <br /> was selected as the"dba" to be used in reference to the corporate entity in marketing <br /> materials. Hence the logo you see alongside this page. <br /> • In developing its marketing program, the company settled on a two phased approach. <br /> The first of these involved generating consumer awareness and interest, and used four <br /> specific elements: <br /> 15500 Wayzata Boulevard <br /> Suite 1018 <br /> • Wayzata,MN 55391 <br /> Tel:612-249-0210 <br /> Fax:612-249-0250 <br />