EMAIL DETAILS

Eric,

Right now we are working on a bridge "equity' financing. We are currently
in serious discussions with 5 potential investors. This bridge would be
for an amount of up to $3 Million, and would value that round at a 20%
discount to the Barclay's round that we are currently working on.

In addition, we have interest from KKR and other serious financial
investors. I am cautiously optimistic about getting the bridge done at
this point.

I would be happy to discuss with you at your convenience. Best,

Abe

> Abe-
>
> As I mentioned, we might have someone who could help with a bridge loan.
> Do you have some general deal parameters that you are using as you discuss
> this with others? We'd like to have an initial discussion at some point
> with the potential investor but wanted to give him some general parameters
> as to what you were looking for, etc. This may pan out to be nothing,
> but it is someone who has recently done a similar bridge loan deal for one
> of our portfolio companies and he may have an appetite for another. Do
> you have anything you can send me?
>
> Let me know.
>
> Best,
>
> Eric
>
>
>
>
> Eric D. Schwerin
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> eschwerin@rosemontseneca.com
> P Consider the environment before printing this email.
>
>


------------------------------------------------
Abe M. Sher, Chairman & CEO
Aqua Sciences, Inc.
PO Box 403488
Miami Beach, FL 33140
USA

Main: +1-305-655-1460, Ext. 222
Fax: +1-305-655-1464

Email: abe@AquaSciences.com

www.AquaSciences.com

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