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Financial Institution Letters

[The following is an electronic re-key of a paper facsimile copy. Existing imperfections of copy may have been transferred.]

OFFICE OF THE REGISTRAR OF INTERNATIONAL AND FOREIGN COMPANIES

Please address correspondence to THE REGISTRAR PRESS RELEASEP.O. Box 3265, APIA
SAMOA
Tel: (685) 24-071
Telex: 200 CENBANK SX
Fax: (685) 20-880
Email: offshore@iesamoa.net

Re: WITHERSPOON, SEYMOUR & ROBINSON INCORPORATED (WSR II C.)

i) Office of New York
1461 A First Avenue
Suite 360
New York, NY 10021-
2209
USA
ii) Office Chicago
3105 North Ashland
Avenue
Chicago, IL 60657-3013
USA
iii) Office Beverly
Hills
9663 Santa Monica
Blvd
Beverly Hills
CA 90210-4303
USA
iv) Office Miami
8306 Mill Drive, Suite 222
Miami, FL 33183-4838
USA
Email: inf @wsr.biz
Internet: www.wsr.biz
Phone: 001(646) 205 8170
Fax: 001(646) 365 3400

1. It has come to our attention that the above American company has been advertising on the Internet the availability of capital management companies registered in Samoa, and is soliciting buyers for pre approved banking licenses allegedly in Samoa and other Pacific Island jurisdictions.

2. The company is not and never has been a licensed trustee company in Samoa and has no authority to sell Samoan companies, banks or any other entities.

3. The Government of Samoa has not authorised the said company to represent them in the marketing and promotion of the Samoa Offshore Finance Centre.

4. The Samoa Offshore Finance Centre does license offshore banks - but only after a rigorous screening, vetting and due diligence process.

5. All licence applications must be submitted through a licensed trustee company.

6. The Samoa Offshore Finance Centre does not and has never allowed "pre approved banking licenses".

Dated 25 July 2002

Erna Va'ai (Ms)
REGISTRAR OF INTERNATIONAL & FOREIGN COMPANIES,
INSPECTOR OF OFFSHORE BANKS

Last Updated 08/27/2002 communications@fdic.gov