WE Securities, Inc.
A Financial Communications and Investor Relations Company
SERVICE AGREEMENT
This agreement dated 8/8/00, is made By and Between WE Securities, Inc., whose
address is 725 E. Jericho Tpke. #325 Huntington Station NY 11746, ("Company"),
and eAutoclaims.com ("Client")
1. Services to be Rendered. Client hereby employs the Company to perform the
following services in accordance with the terms and conditions set forth in this
agreement:
A. Prepare an electronic profile using information received from Client, SEC
fillings and Client's website to be displayed on our Internet website
www.otcbbprofiles.com
B. Distributed the company profile electronically to our approximately 40,000
members.
C. Create and maintain an Internet presence on various online investment
message boards. (Currently were active on twelve message board systems.)
D. Create and maintain a constant flow of information to Listserv groups,
newsgroups and ICR accounting for thousands of readers.
E. Create and maintain a presence on approximately 12 investment clubs within
the Yahoo investment community.
F. Prepare and distribute electronically, a press release announcing coverage
of Client's company using M2 Press Wire which will be distributed to the
top OTCBB and NASDAQ traded stocks.
G. Prepare and distribute electronically a mailing announcing coverage to our
network of one hundred three (103) investment websites.
H. Prepare and distribute electronically a mailing announcing coverage to a
select group of opt-in readers of Individual Investor or substitute list.
1. Prepare and distribute electronically a mailing announcing coverage to a
select group of opt-in readers of Ticker Magazine or substitute list.
J. Prepare and distribute electronically a mailing announcing coverage to a
select group of opt-in readers of Equity Alert or substitute list.
K. Prepare and distribute electronically a mailing announcing coverage to a
select group of opt-in readers of PennyPicks.com or substitute list.
L. Prepare and distribute electronically a mailing announcing coverage to a
select group of opt-in readers of EarningWhispers.com or substitute list.
M. Submit Client company to Promotion Alert & stockpress.com, which maintains
an Internet presence designed to assist investors in tracking IR/PR
campaigns of OTCBB companies. Company will also be placed on
weeklystockpick.com, tipreporter.com, and more websites as we continue to
add to our network of sites.
N. Offer to our membership and visitors of our website, www.otcbbprofiles.com,
a free news alert service to track Client's press releases through a joint
venture with EquityAlert.com.
0. Retain Client on our past profiles page until Dec. 31, 2000 as a part of
this package to further increase investor awareness beyond the initial 3
months of coverage.
P. Set-up a RealMedia and/or Flash Q&A interview with CEO of company for
potential investors to view. All Q&A are predetermined by the CEO. This
will also be sent to the 10,000 member Opt-in mailing list which is from
the online interview website and the PR announcing this will be sent
through BusinessWire the largest provider of Press Releases throughout the
world.
Q. Send out follow-up mailings to our members announcing Clients developments
within the 3 month period to create further interest in investors as they
proceed with there business model.
NOTE: Substitute Lists will be disclosed prior to use and the reason for
substitute list is three fold, some lists are very productive at certain times,
availability of a ad space and cost structure at the time of mailing.
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2. Terms of Agreement. This agreement will be for a period of 3 months beginning
at the time the Client's profile is placed on the otcbbprofiles.com website.
Coverage of the client will begin on Aug. 1st. 2000. This contract must be
signed and returned by Aug 10th, 2000. Payment must be received by Aug 31st,
2000.
3. Compensation. The compensation will be relevant to the close of the market on
July 31st 2000 as agreed upon via our phone conversation of that date and time
WE Securities, Inc. will be compensated 12,136 shares of rule 144 restricted
stock. This compensation is equal to the amount of $37,500 dollars as of the
close on July 31st, 2000.
4. Independent Contractor. Both the Company and the Client agree that the
Company will act as an independent contractor in the performance of its duties
under this contract. Accordingly, the Company shall be responsible for payment
of all taxes including Federal, State and local taxes arising out of the
Company's activities in accordance with this contract, including by way of
illustration but not limitation, Federal and State income tax, Social Security
tax, Unemployment Insurance taxes, and any other taxes or business license fee
as required.
5. Confidential Information. The Company agrees that any information received by
the Company during any furtherance of the Company's obligations in accordance
with this contract, which concerns the personal, financial or other affairs of
the Client will be treated by the Company in full confidence and will not be
revealed to any other persons, firms or organizations.
THIS SERVICE AGREEMENT IS ACKNOWLEDGED AND EXECUTED AS OF THE DATE SET FORTH
ABOVE:
WE Securities, Inc. eAutoclaims.com
------------------- ---------------
Company Client
By: Robert J Weber By:/s/ Eric Seidel
-------------- -----------------
Robert J. Weber, President Eric Seidel, President
WE Securities, Inc.
www.wesecurities.com
Corporate Headquarters: 725 E. Jericho Tpke. #325
- Huntington Station - New York - 11746
Phone (631) 864-7757 Fax (702) 924 9274
