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EDSR INFORMATION #2 01-11-1999 INFORMATION • SolarAttic, Inc•® 24 Hours/day (612)441-3440 Fax(612)441-7174 15548 95th Circle NE,Elk River,MN 55330 http://www.solarattic.com SolarAttic @ compuserve.com City of Elk River EDA January 5, 1999 13065 Orono Parkway Elk River MN 55330 Dear Paul Steinman: Company Update I hope the holiday season was a joyous one for you, your family and friends! We have been swamped at SolarAttic and it has been difficult just trying to keep up. However, this letter will bring you up-to-date on some key events. Please note that our stockholders' annual meeting will be held on February 11. A more detailed update will be presented at that time. Mark your calendars and plan on attending our annual meeting. A formal meeting notice and proxy will follow shortly. SolarAttic is now selling stock at $5.00 per share to investors in our public stock offering. However, the final outcome and extent of this capitalization effort is still uncertain and may not be known until late March when the offering expires in New Jersey. SolarAttic has listed its stock for sale on the Direct Stock Market. Enclosed you will find a copy of our press release and three pages from the Direct Stock Market Internet site. The first page shows that SolarAttic is listed on the left side with a "link." Anyone who clicks on this link will be taken to our offering information. In addition, if we were listed on the trading floor, investors could proceed to the NIPHIX trading site to buy or sell our stock. Traditional investment banking firms have almost totally abandoned small companies like SolarAttic. It is forcing all small companies to do their own offerings. We are not alone! The Direct Stock Market has been established to help promote small company offerings. They have teamed up with NIPHIX, an Investment Banking and Brokerage operation. NIPHIX's end is to facilitate trading of the stocks they have listed at their site. This is a secondary market trading mechanism. It is the direction that SolarAttic will take to get trading of the company's stock initiated sometime later this year. Following the Direct Stock Market/NIPHIX info, you will find a recent review of our • Internet site by Minnesota On-line. SOLAR Without PANELS • Next is a press release describing the development of our new attic temperature control technology. It means filing for a 5th patent. An electronic prototype using a programmable controller (small computer) was tested two weeks ago. The new control will be usable across product lines for space heating, ventilation and combination space heating- ventilation systems. We expect to be able to place this electronic control into production in the March time frame. It is compatible with all existing attic fans providing up to 10 amps of current at 120 vac. The new electronic control system will be demonstrated at the annual stockholders meeting in February using our GB Series product (combo ventilation-heating). Next is a press release indicating that we have lowered the minimum investment to only 100 shares or ($500) for public investors. The last page is our current tombstone ad as it appears on our Internet site. In addition to the Direct Stock Market, we started advertising our direct IPO on the Wall Street Journal's On-line Edition on December 21, 1998. A banner ad surfaces in the states where anyone can invest (RI, CT, NJ, IA) when a subscriber logs on. The are about 16000 on line readers of the Wall Street Journal in these states. Rhode Island expired 12/31/98. We also started to "brand" our technology by advertising on the Bloomberg Financial Radio AM station out of New York City yesterday. Its broadcast coverage overlaps several New Jersey and Connecticut counties where our offering is still active. The radio • ads will run throughout January. If yesterday is any indication, the phones will be ringing steadily all month. Yesterday we fielded over 20 phone calls ranging from simple product interest, to dealer interest and to investor interest. Our web site hits exploded with 4,139 hits in a single day. This represented 1304 pages which is a 300% increase in web traffic. If it continues, our site will exceed 100,000 hits for January. An interesting prospect. The last IPO strategic move we have implemented is to start working with a marketing firm out of Buffalo, New York called NetPartners Marketing Corporation. They specialize in the marketing of direct stock offerings and are now helping us plug some gaps and to expand our Internet offering. You can find them at http://www.netpartners-marketing.com While I cannot tell you for sure that everything is "in the bag" -- I can tell you that despite continued cash flow pressures and difficulties, that SolarAttic continues to move forward. Sales for 1998 finished at about 178% over 1997. We almost doubled our sales with very limited promotional resources. Audited financials will begin on January 15th and will be available at the annual meeting. Final sales numbers will be available at that time. Sincerely yours, eoef,v-eva iR641,47 Edward G. Palmer President Stockholder Update January 5, 1999 Page 2 of 2 • 1arAttic, Inc.® 24 Hours/day (612)441-3440 Fax(612)441-7174 15548 95th Circle NE,Elk River,MN 55330 Internet:http://www.solarattic.com Email: SolarAttic@aol.com For Immediate Release: Contact: December 17, 1998 James Kantorowicz(612)441-3440 SolarAttic Lists Public Offering On Direct Stock Market Elk River, MN. (December 17, 1998) -- SolarAttic, Inc. announced today that it has listed its direct public stock offering on the premier Internet location for small company stock offerings,the Direct Stock Market,which is located at http://www.dsm.com. The decision to list on the Direct Stock Market follows the decision to extend SolarAttic's offering to each individual state's expiration date. SolarAttic is offering up to 200,000 shares at$5.00 per share. The minimum investment is 100 shares. The company's offering is fully registered in Rhode Island until December 31, 1998,in • Connecticut until February 17, 1999, in California until February 23, 1999, in New Jersey until March 16, 1999 and in Iowa until July 8, 1999. Any investor can invest in the above states except in California where certain suitability requirements apply. Accredited investors in the following states can also invest: Arizona, Colorado,Delaware,Minnesota, Missouri,Nevada, Texas and Utah. Ed Palmer, SolarAttic's CEO said: "The Direct Stock Market is an exciting development for all small companies. It is a daunting task to locate investors for small company offerings. The Direct Stock Market offers a focused location on the Internet where these investors can check out direct offerings. They also have developed a trading floor and a mechanism where secondary markets can emerge. The Direct Stock Market fills a critical void in the capitalization effort of all small companies. We're excited to be listed on dsm.com." SolarAttic has developed a big piece of the solution to global warming. It's simply using all of that heat inside your attic. SolarAttic has discovered how to use this huge untapped heat resource for heating swimming pools,hot water and space. It's low cost energy, almost free to use! SolarAttic has patented the technology. More information can be obtained by contacting James Kantorowicz at(612) 441-3440 or on the Internet at the company's web site http://www.solarattic.com. • ### SOLAR Without PANELS http://www.dsm.com/DSMExt/DSMHome.nsf/Site+ Docs/Main+Frames+Page?OpenDocument n ii.:*4) , SpeCi I ' rt" ft, -t :* ''''' ' ':'14‘:'24''' '''"'''1:1_,FIL.r.rtj. . . h ' T . „ , Report , I HOME TRADING FLOOR NEWS LOGIN REG - e'is er or - e.e �i. 3, `i rlictirng , 44 '`fir.' , (Your Email Go! rStcm a' R 4' �° b w IRNIOr 4 f,4wok u ti C G DSM PUSUC OFFERINGS Happy Holidays from Direct cntai $ Stock Market, Inc. z i x wr - , Tess'urTi e.-�T Clay Womack, CEO of Direct Stocli Market, was interviewed by the Wal Optimum.l'axDistressedRealty Street ,Journal regarding his Family Corp Website. but ce s I ekipaTnenl Click here for the full stor�.y1 ,Int rnnatiotal.-Ind;, Click here to visit The N'oi1icrcic fancily Website ! Holiday Travel - Business Travel - ?What}$,,'Att1ngrt it dYytttsuIg Weekend Getaways ,ii-Ioidtng cgrp Flight Schedules - Reserval >,ns book your next trip now and ave! 4eapgutit.Ine `` , )ttlxr Click Here! "CrrOIctrd E uiptrient and I,e i s u r e T e c Inc., ' vlAt)gtneerutg Cgtnpany Chicago-Based Recrea.tiewnal '. ' r 1x Rental Company, Lists Iff' ': 500,000-share Offering On DSM PRIVATE OFFERINGS I7r1gra = C:cxpI t Direct Stock Market's Internet CvrniniunicIlt.cons, IncSite t nv1> yMi e.ine . '---44 n, : SANTA - MONIC1 ' Auhµ n Mootoreyc.le Company, ”" Calif:t '':_(.4.'.)'-'7, //, . 4 Nov. vr' Ec;cnlil'e Coit r>ratitin ? �"Y ,` --Direct Micll'',, ' Ry un Indtttitrtes, Inc. - Stock Market announced today that it LeisureTec, Inc., a recreational rental "� � cotnpany that specializes in bicycle and SM TRADING in-line skate rentals, has listed its pytrnrn V ,Enterprises. Inc.. 500,000-share public offering on D. M's http://www.dsm.com/DSMExt/DSMHome.nsf/Site+ Saturday, December 26, 1998 Docs/Main+Frames+Page?OpenDocument lit tp://www.dsm.corn/DSMExt/dsmhome.nsf/Sitea- Docs/Trading+Page View All 'Trading Companies II/ View a list of companies currently tradingYon DSM. More... IIow do 1 ( et an Account for 'Trading? Go to Niphix and open a trading account to start trading DSM comr,lnies today! More... j P H Why Should. I List My Company for Trading? In order to list your company for trading, you need to submit sever, l items. More... _How do I List: My Company for Trading? DSM is creating a level playing field for investors in startup and cm aging growth companies by filling the capital gap for small companies who have been orphaned by traditional financial institutions. More... • III http://www.dsm.com/DSMExt/dsmhome.nsf/Sitei Saturday, December 26, 1998 Docs/Trading+Page http://www.dsm.com/DSMExt/CFront.nsf/AII/ SolarAttic,+Inc.?OpenDocument 0 : w.: �� ' • ipt Fqr offering�ilocume„nt please click on Prospectus = Dspt. • olarAttic, Inc. •Tomi3st®ne Tombstone Prospectus General Announcement Executive ' SolarAtticn Inc. Summary . " �'. ' A'Minnesota Corporation is conducting a Public offering of 20,000 4•Press ;:.shares at$5Y68tper Share for an aggregate offering price bf "Rgleases 1;, 100,000 • aiscussioli SolarAttic has developed a big piece of the solution to global warming. It's simply, G• using all of that heat inside your attic. SolarAttic has discovered-how to use this•liitgjBulletin ,.h untapped heat resource for heating swimming poolsot water and space. Ifs low cost y,.„S oars! energy,ahnost free to use! SolarAttic has patented the technology,': - rr^ • ' _' end a letter frorti the CEQ, d Palmier.CLICK,HERE! •O Streaming . •sj. F'n x. Video • "1°1,1; o ;�•; '-,•'•''',44,14,4 ' � c ":'11,. r c , S.' f,:.£:i,-,4'.al '' s ,y •• '�' • A ., l,. �'�.���:.. * s. �" � .3'p.,+� .�Cf te.,. I;�: 4. ”, . W 7570 }-,@ s 4 :'�. ' M,� i., cis: c � f� i -1€S:. { r' r. a "°� "''s 7:f, c :4'1.94-4:-.04'1- Y ',!.q.'1.- s N u. # £Y * gi ` �I-,,,,,,, ..1;1,,.,. �' ' ' �' ' Ki YYY Y S' Yo, 4'- -4.0, S, ... , tlb ', ,•.• '%. "•1", •%• ➢• ,. t ..y• ¢gM•LxX2 - a !.w ,, • `1 . NS , �„ . • j.„ ¢ ' ? " _ if, yam ' ":A• . jt@.i Thursday, September 17, 1998 MN Online:Business Page:1 0 -,- ,,„,,,.,„ , , , , -,, -,,,,,,,,?),,,,,, ,,,,--„, .. ,,,,-.-,,,,zitt.5,1,,,,, wmt0, ,,,,,, ,k,i , , - . '-- , , ,i...,.,,, , ,,,,,,p, : ,..-f- ,-Atr- ,, ,,,.,,., :, ,,,,,. . : , „,, - ' ',4 4V4 lAs. r .,,,,,i, ,,,,,. ,,,, , , 1.,,,„,,,, ,,, ''''',e'' a ,,.. m illt - ‘ k , it aux I a� aM ,man '_ x r .e`ere_=`� m MN Online Home Business & Finance tJffda Home Page Reviews: SolarAttic Arts SolarAttic is a company which is using Business new technology in the field of solar :, • , Community energy to provide heating for homes, zW.... Education swimming pools, and home-use water. Government Its web site has very complete descriptions of all the products they Health have available, information about the various patents they have Recreation developed, including diagrams and patent numbers for those who • really want to know the details. The site also includes copies of SolarAttic's Press Releases and information about public stock offerings. SolarAttic says they are committed to full disclosure online, Features: and the web site follows through on that- you can find everything you Minnesota State Fair would want to know about this company on their extensive web site. WeatherTalk All this information can assist in making a decision about using the Art Town product, or even investing in the company. If you are thinking about Reel Reviews using solar technology in your home (and the idea of using all that free Join Our Mailing List! heat up in the attic appeals to me!) and want to study on the issue some before taking the plunge, this would be a good web site to spend About MN Online some time with. It is also a good example of a business making full use of web technology to get their ideas and vision across to the MN Online is a community surfing public. information service of -Liz Olds, Intern, MR Net r-XrSeptember 18, 1998 Minnesota's original _ _ Internet provider. - A & W Furniture A &W Furniture, located in Redwood Falls, MN, has been in business for more than ten years. And, although I've never been to Redwood Falls, I feel like I know the store pretty well from their descriptive web site. I have learned a little about the proprietors, the husband and wife team of Mary Ahrens and Bob Wetmore. And I 111 have taken a virtual tour of the store. http://www.mnonline.org/businessfinance/ • SolarAttic, Inc•® 24 Hours/day (612)441-3440 :::: 441-7174 15548 95th Circle NE,Elk River,MN 55330 Internet: http://www.solarattic.com Email: @aol.com For Immediate Release: Contact: November 11, 1998 James Kantorowicz (612)441-3440 Vietnam Veteran Develops New Environmental Technology Elk River, Minn. (November 11, 1998) -- SolarAttic, Inc. announced today that its founder Edward G. Palmer, a Vietnam veteran, has developed a new electronic control technology for use in attics. The new technology will provide for automatic ventilation of attics year around. During summer, the control will provide a signal to automatically remove excess heat out of attics. During winter, the control will provide a signal to remove excess moisture and heat out of attics. Winter ventilation will prevent and even eliminate ice dams from forming by eliminating the temperature difference between the attic and outside air. Ice dams are a common problem and poor attic ventilation is a major cause. • The new control will also sense when free attic heat is available for heating homes. During fall and spring, warm attic air can be transferred back into the living areas to reduce space heating costs. Due to the sophisticated and novel nature of the new control technology, Palmer expects to file for a fifth patent in 1999. SolarAttic has been assigned the rights to all patents that are issued. The new electronic control technology is designed to be used with SolarAttic's new duct technology. Together, the control and duct technology provide a unique "systems" approach to attic ventilation. They take the guess work out of proper attic ventilation by providing controlled mechanical ventilation of the attic. The company's technology eliminates the need for all types of roof vents. However, the new electronic control is also designed to work with existing attic fans which can simply "plug-in" should consumers want to upgrade existing ventilation devices. SolarAttic is a technology company founded by Vietnam Veteran Edward G. Palmer. The company's new technology provides total control of the attic in terms of its heat collection, moisture content and ventilation. In addition to controlling attic ventilation, SolarAttic products use attics to heat hot water, space and swimming pools. The new technology represents a big part of the solution to the problem of global warming. Additional information can be obtained by contacting James Kantorowicz at(612) 441-3440 or on the Internet at http://www.solarattic.com. 110 #### U �, cdcn c_3 coici-il0 00• iaea' CA •- U cz vi O 44-a--1 = il4 (,) U O 0 O N O bA U -' 'c) .- -4-) ,L, a E • 00 ° E E ° • E Is) ttl &? 8 1 '''' P-' 8 ct eN 0 z at9 8 (1) c,9 ,.,t 4:1 ,_, 17), , , CI4 *le ct,"4 P) A-5 a, mcf) cg -A : Z P6. gto ci) .5 -izi ••"4 (,) (i) — 5) _1 Gli HI •- cl ,La_.) cz: • Flo © C= = o E t,� 2 8 •� 0 iMili kr: = 2 = fA 5 u rd ct cip c.) 4 0 1 Ci. -gime 7:3 "CI -r: 0 C't C;) --- 'E A2 c9 cu 61. 'I. •P-4 ,a,:_g v.,L) „c+1 .1)2 ,.:,c, .1 :22,,, : t~ .5 4-� U C ocip bO ;_, :• 4 auCI o o X 2 0 ° o `t c. cat) © T—, •ill ,_-4 0 ,, • • Pii Pm* cd '75 0 '1 (1111:0) c) (1) '4 1.,(3 . O t-) ,moi X "E 0O OHO p = T'zt (I'S' rrj 2 CIIIP) `) 1 O • t O .� o •� ,O • U