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Vincent J Cataldi -- Milwaukee, Wisconsin 53202 - USA
VanMil 
1980 - First Internet Portal
power comes from knowledge, trimming, and its assumption, I assume

My favorite Quotes

These three quotes I invented to paraphrase long stories which I routinely used as motivational assistance.  These three each took ten years to condense, and were created ten years apart, taking thirty years to complete the recursive trinity lessons. 

Vincent J Cataldi - October 2006

Search Results for
'gore internet invented first vice president'

---- Original Message -----
Sent: Saturday, February 08, 2003 10:46 PM
Subject: pigeon hole kicker

and the kicker - enough to make one cry on its own.
 
I have always been ahead of the rest of the world, I don't have a problem with that, but the government does. City, state and federal monsters pillaged everything we had except the family home, and it was an effort to keep that.
 
My family and I invented the 'Internet portal' as you know it today, and the IRS deemed us a 'hobby project, like a race horse'. Gore the race horse to prove it can not win, this self-prophesizing  was brutally destructive.  Before AOL there was CompuServe, before that Source, and before that, we were VanMil.
 
Senator Kohl should quickly verify this from memory, as we went to him as a possible investor, when he was the big bank in state, most cash registers.  He bought a ball team instead, but surely he will remember us. That was a decade of misery, near starvation, and so Senator Gore made me sick when he claimed credit due my family.  Senator Kohl knew better and said nothing, that made me sad.  I never quite recovered, I was still climbing out of that hole when 9-11 crashed around me.
 
Sorry for my run away sarcasm and anger, but I am angry and I have no time to wait as normal people might.  I believe it is now a matter life and death, so overly gruff is the least of my worries.  My rudeness, on the other hand, I do regret. 
 
I do not expect positive results from this effort, yet surely I deserve a response one way or the other.  Till now I have been ignored.  Also, please be aware that I write to the office of the junior senator because no one answered the phone at the senior senators office. 
 
 
Below is an excerpt from my resume -
exactly how and when did Senator Gore help me, I often wonder.

 


TELCOM & VIDEOTEXT INDUSTRIES, INC., 1978 - 1983 (Internet)
Founder/Officer/Co-owner
Designed and developed a videotex system -- an Internet forerunner--that provided an electronic "magazine" for residential users and a point-of-sale advertising service. Ran field trials for 18 months in Milwaukee: system demos won Teleprompter a technical award for it's cable bid and won Telcom a value-added rep agreement with AT&T. Point-of-sale field trials in Gimbels-Midwest received multinational press as industry leader and queries from as far as Paris and Sydney. Designed and developed financial pro-forma and strategic marketing plans, continually refining these documents for venture capitalists.

Designed and developed preliminary specifications for proprietary virtual packet switch, providing user-oriented solutions for networking, processing, and data throughput requirements for internet (videotex) system. Designed and developed cost-effective synthetic-video generator that dynamically constructs and formats information on demand, incorporating high-resolution imaging/alpha-geometric graphics and presenting them as an "electronic cartoon magazine". Mapped and directed installation and operations of hardware and software components during public trials of both applications.

  • Consulted with major department store to analyze retail-internet user requirements; Consulting continued for three years and redirected on-going field trial activity. During this period imaging technology progressed from alpha mosaic through alpha-geometric and then on to full color images.
  • Designed and developed financial pro-forma and strategic marketing plans; these plans were constantly modified over a five year period under the guidance of the worlds largest venture capitalist.
  • Designed and developed preliminary specification for a proprietary system software (VANSYS), analyzing and developing user-oriented solutions for user networking, processing, and data requirements for public and residential internet (videotex). Provided communications backbone by combining interactive virtual-packet switching and store-and-forward message switching. Designed layering to be compatible with international standards and protocols established by the International Standards Organization.
  • Designed and developed retail advertising service: a switch to generate streamed data and provide point-of-sale with synchronized audio. System operates passively and interactively through touch-screen response; it dynamically constructs and formats information on demand, incorporating high-resolution imaging and alpha-geometric graphics and presenting them in cartoon fashion.
  • Designed and developed artists workstation. This mouse controlled screen editor captures images with thousands of colors from an NTSC source, crops the image to a package size, translates the image to best-fit within a dynamically constructed color map, and loads the image with synchronization coordinates. Animation routines are sequenced and initialized from a database at runtime and when activated generate a stream of data output as an RGB signal.
  • Mapped and directed installation and operations of hardware and software components during public field trials. Ran point-of-sale field trial in major department store as holiday spectacular; received multi-national press as industry leader and received queries from as far as Paris and Sydney. Responsible for budgeting and scheduling, and coordinating thirty specialists from five organizations and two countries. Hardware specialists adopted my installation-planning format after first installation slid together 80% ahead of schedule.
  • Trained and supervised technical staff and production artists. Training covered use of the proprietary system and various third-party frame creation and graphics/image editors.
  • Ported retail system (c) from MS-DOS to Unix. Managed six month project to analyze and identify obstacles to perfect portability, to analyze throughput capacity of proprietary system running on an ATT 7300 processor under UNIX and to analyze SQL capabilities.

Installed and managed computer operations of time-sharing service ( before CompuServe); designed and developed system to collect usage data toward evaluating user requirements for retail and residential internet (videotex) designed and developed software to analyze objectively statistical usage; designed and managed field trials for residential services.

  • Designed and built computer room to condition power and air, installed PDP-11 hardware. Installed and managed RSTS/E operating system. Trained office personal to use hardware and software. Designed and installed remote communications link for dial-up narrow-band and direct-connect wide-band communications. Managed archival, maintenance, and repair tasks.
  • Designed and developed non-standard RSTS/E management system to provide greater access security and user-oriented billing and resource allocation. Redefined the RSTS/E user id number to be a group name, and added user name identification. Installed users as message receivers assigned to a group specific run-time system, prohibiting 'ready' prompt until user was transferred into proper 'home' directory. Made passwords complex and collected usage statistics by 'user name'. Improved security was never breached, while governmental DEC system security remained a problem for years.
  • Designed and developed transaction-based user-interface to collect usage data. Developed methods for data analysis to determine user requirements for residential internet (videotex). Transaction base contained 20Mb of highly perishable data and over 500 interactive/multi-user applications. The perishable data was routinely updated semi-automatically for standardized formats, debugging, and centralized audit and error reporting.
  • Designed and developed system to organize usage data to evaluate user requirements for residential internet (videotex). This system assigned classifications and ratings for user requested resource to allow estimates of bandwidth requirements.
  • Mapped and directed operations of hardware and software components during public field trials. Ran residential field trial for 18 months in Milwaukee: system won a technical award during the cable franchise bidding and won a value-added rep agreement with ATT-IS.
  • Trained and supervised technical staff and production artists.
 
----- Original Message -----
Sent: Saturday, February 08, 2003 6:51 AM
Subject: Fw: pigeon hole

odalo
 
Sorry about you bad Friday, I had a bad week too.  So did J, whoever J is.  I put him to work, as I did you, and as with you, I fire him for failure to think and/or perform adequately. I still need the medical help I asked him to look for, but he is fired, so I tell you.
 
If J had both a half a brain and the ability to read, he would not have asked me to pay money to call him, with no accomplishments to report.  The man is a problem solver, or he would not have been assigned your problem, but he doesn't pass my test.  I heading up...
 
Again odalo, sorry about your bad Friday; yet consider it a blessing.
 
Please tell both our senators I am sending more background documentation: a photo of my bank, and an attendance list to demonstrate my intellectual pier group, and below, in blue, a note I sent to a love one.  Read and weep or you are not human.  Time is critical for me. 
 
As I told you odalo, and I ask you to convey upwardly now, 'Don't you tell me what you will do, tell me what has been done'.  And too, tell them. whoever calls me must be prepared to tell what my 'attendance list' is, or don't waste my time, so I can jump upwardly without distraction if required.
 
vjc.
 
 

Honest Tidbits as requested
 
It started about 2.5 years ago and danced about masked as the knot, in fact I am shocked it was not the knot (I had too). A left toe went purple with pain one day and was fine the next day.  Days later a different tow, and the pattern went to the fingers. Two years ago it was painful to walk and walking was no longer automatic - I thought my left leg forward only consciously. 
 
1.5 years ago I went to old friend (orthopedic specialist) because lots of the left foot was purple and icy cold.  I went to assure blood flow adequate to prevent clots and was told ok but go see neurologist. His big concern was super topical pain on the entire left torso, which got outrageously painful but only to the lightest possible touch. A drop of water or the shirt going on, but only as it was going on, and once on, nothing hurt because it was already being touched.
 
By last June things progressed enough for me to find the neurologist (This nice man refuses to take my money) who wanted scans.  The next two months I ran around looking for a way to do so.  I was 200$ over the yearly limit for indigent help, and I was indigent because our bank fell on 9-11 and we lost four years of work.  I tried to get a job for insurance but my honesty prevented that.
 
So I had to wait for Jan 1 so I could file taxes to prove I am broke enough for help.  That was my choice because things were stable, and I wanted to protect my fathers home and his security.  Thanksgiving or so got rougher but I was so close to the end of the year that I waited, and thus the scans last week.
 
At this point I can hardly walk two blocks sober though coming home is much easier. From elbows and knees down I am icy cold, too numb to feel, and chronically cramped. Imagine me unable to tolerate a back scratch, and too nauseous to eat with comfort.  I am building my character exploring pain. 
 
It seemed the knot at first, them I began to suspect MS type problems.  Lisa I almost called you many times but worried about drawing upon your insider knowledge without knowing what I was talking about.  I also assumed if it was ms, what could I do any way.
 
I am still trying to figure out what is up, and what this may all mean.  I must finish taxes and GAMP application by Wednesday and hopefully next test can begin in about two weeks. 
 
Sorry this truth is brutal, but my love for you two requires forthright honesty, I know this causes pain for you.
 
The good news is that my head feels fine - so there is no problem smiling.  enZo
 
----- Original Message -----
Sent: Friday, February 07, 2003 7:29 AM
Subject: pigeon hole

This senators office is no more functional than the SBA or FEMA bureaucracy - and given the magnitude differential of scale - your group earns the 'pigeon hole of the year' award. 
 
Please assume I will not stop perusing this 9-11 disaster recovery entitlement until someone answers me.  Deal with me immediately or deal with me publicly very soon.  I have short term political clout and demand attention before it evaporates.
 
Search www.JournalSentinel.com with my name to guess for yourself how long this clout may last, but be warned, push me with inaction and I must announce my disability (untold story). Public attention is powerful now, likely short lived; pigeon holing me into inaction is not going to happen quietly.
 
I called twice asking for help after this was sent; where are you?
 
276-3773 or email
vjc
 
----- Original Message -----
Sent: Friday, January 17, 2003 1:00 PM
Subject: 9-11 loss help

Dear Sir:
 
As you requested, I am forwarding along the correspondence I wrote to solve the problem.  Any help from you will be greatly appreciated.
 
Thank You
 
Vince Cataldi

 

 

Engineering and Technical Director, Telcom Industries, Milwaukee, 1982-85 

·     Designed and developed a videotex system--an Internet forerunner--that provided an electronic "magazine" for residential users and a point-of-sale advertising service.

·     Ran field trials for 18 months in Milwaukee: system demos won Teleprompter a technical award for it's cable bid and won Telcom a value-added rep agreement with AT&T.

·     Point-of-sale field trials in Gimbels-Midwest received multinational press as industry leader and queries from as far as Paris and Sydney.

·     Designed and developed preliminary specifications for proprietary virtual packet switch, designed to inter-connect 50,000 interactive cable sessions concurrently..

·     Designed and developed cost-effective synthetic-video generator to easily construct a ‘commercials’ database.;  dynamically constructs and formats information, incorporating high-resolution imaging/alpha-geometric graphics and presenting them as an "electronic magazine" cartoon.

·      Mapped and directed installation and operations of hardware and software components during public trials of both applications.  

System Manager, Telcom Industries, Milwaukee, 1978-81 

·     Installed and managed DEC PDP-11 running RSTS/E for time-sharing service

·     Designed, Implemented, Managed field trials for residential internet services (before Source or CompuServe).  

·     Developed non-standard access security and resource allocation sub-systems for hostile environment.

·     Designed and developed transaction-based user-interface to securely provide user requested services and to construct objectified audit trail reports from raw usage data.

·     Developed methods for data analysis to estimate videotex-user requirements, and developed a highly detailed business plan (technical & financial) based upon the analysis.

Much more to come

PS- I would rather have the story - so please don't consider this a hard pressure play, just business doing as it must.  If we were friends, I would have taken each you aide and wised you up privately, with metaphorical shaking.

911- Deutsche Bank 
power comes from knowledge, trimming, and its assumption, I assume

VanMil - Milwaukee 
1980 - First Internet Portal
power comes from knowledge, trimming, and its assumption, I assume

...

PS: mostly fearless; but not quite, Search Engine Submissions

I rebuilt by sites to favor healthy search engine rankings and submitted 50 or so pages, half from each of my sites, into 60 primary search engines, two days ago; ten days from them I will have serious visibility, and am keen and qualified to refine myself to the top search rank..

I want nothing more than the story, the truth, and without response I must assume, and will publicly argue, all of you are refusing to object for cause.  www.GiveHealthAChance.Org is my cause; join me and we are allies, ignore me still, and I just keep stepping higher above your heads, from my strength of weakness, so I may be able to inspire all weak to insist upon basics reasonably due.

This message, soon to be published, if no change occurs, equates the big guys as equals: DB - biggest bank, RREEF - massive US corp., my senators Kohl and Feingold, My Governor Doyle. and even ex-Senator Gore, who best get behind me to help as he owe me and my family public introduction, or, if not, it will seem that collaboration makes you enronically equal, and against my cause of health reform.  See www.giveHealthAChance.Org - using aids for speed - and respond, else escalation with publication

vjc

Non-Supportive Organizations
Copernic search pages

Search Results for 'gore internet invented first vice president'

 

First Internet Portal
Historic Details

Filename: [5,10]PROBLM.TAX

TELCOM SEEKS PROFITS
====================

Telcom incorporates in June 1981 as a research and development
company to develop, test, and market efficient electronic services
for closed-user groups (videotex). Ultimate objective is to develop
residential videotex services centered around bank-at-home and
shop-at-home programs.

Personnel and Equipment
-----------------------
1 Telcom starts with highly qualified personnel (family members)
and equipment for the tasks it has set for itself:

a) two sons with previous software development experience in apart-
ment rental listings; in billing and record keeping for a pharma-
cist, a physician, and an attorney.

b) a daughter (BA) with training and experience in accounting,
office management.

c) Phyllis (MA), with experience in editing and publishing, print
production, ad creation (chief editor UWM publications, bulletins
and alumni newspaper; director publications, art and print pro-
duction at Alverno; freelance mail order advertising.

d) Horace (PhD chemical engr) forty years planning and directing
research and development projects, 32 years at General Electric.

2 Horace and Phyllis are able to locate an affordable computer special-
ized for Telcom's needs--in effect a huge electronic switch to handle
many remote users--which they purchase with a loan secured by the
Cataldi home and then formally lease to Telcom.


PHASE I - EARLY BUSINESS STAGES

In 1981 interest grows rapidly in banks and other businesses toward
applying computers to reducing massive and costly paper work.

Banking and Property Management
-------------------------------
1 Jun 81 Telcom secures contract with St Francis State Bank to develop
complex portfolio management computer system to handle Repurchase
Agreements, a loan participation business. Bank gives Telcom assur-
ance software will be saleable to about 20 Milwaukee banks as well
as others nationwide.

2 Aug 81 Telcom obtains contract to develop a Building Management
system for Colby-Abbot Building, this project using program developed
for banking.

These two projects are expected to more than cover initial overhead
and to yield two products saleable to other banks and property managers
in Milwaukee and nation wide.

Interactive Database for Home Computer Owners/Cable Tv
------------------------------------------------------
1 Market analysis for expanded use of Telcom's central computer
indicates great activity in Europe, developing information databases
and home services (banking, ordering), linking large host computers
with home computers. Interest just starting in USA in 1981 with
glowing market research reports and plans announced by huge corpor-
ate conglomerates.

2 Study indicates skyrocketing home computer sales in USA led by
'hackers' who form user groups and find comraderie in communicating
via computer/phone linkages.

Telcom plans to use home computer owners to test financial feasibility
of 'home services via computer in relatively inexpensive trial (com-
pared to tens of millions of dollars being spent by IBM, ATT, CBS,
Sears, etc.).

Telcom designs VANMil, a multi-tiered fee structured information
database offering weather, sports, games, computational facility,
and particularly featuring local information--a feature overlooked
by nationwide services--thus establishing a unique niche in complex
market. Company develops ordering service capability with VAN-Mil
'Pizzaman Service'. VAN-Mil goes 'on line' Nov 21, 1981.

3 Milwaukee Cable TV franchise hotly contested in 1981 with all
lookalike bids. To distinguish themselves from other bidders Tele-
prompter (Westinghouse) in early November contracts with Telcom to
use VAN-Mil to demonstrate interactive tv (using telephone links),
an important service promised in all bids. Civic, political,
educational, and religious groups very impressed with VAN-Mil
and Telcom's service wins for Westinghouse best technical honors
in this franchise bid.

Negotiations start with Westinghouse to establish databases for
other cable tv bids and to supply 'local information databases'
for other Westinghouse cable systems. (Telcom demonstrates capa-
bilities by building a database for Sacramento.)


NOV 4 RATZSCH FIRE - EXTRAORDINARY LOSS FOR TELCOM

Smokey, oily fire in Ratzsch kitchen, just under Telcom office,
'crashes' computer and leads to loss of all data on memory disk,
in particular 5 months work on Repurchase Agreement and Building
Management software.

1 Digital Equipment Corp (DEC) gets computer up within one week but
operation is very erratic. Westinghouse can conduct demonstrations
'by appointment only', with DEC people standing by. Telcom's image
begins to suffer.

2 St Francis State Bank informs Telcom that deregulation has destroyed
motivation for Repurchase Agreements and is unwilling to undertake
rebuilding of computer software. Now very dim prospects for selling
program to other banks.

3 Since Property Management program is based on banking program
Telcom makes telephone canvas to determine level of interest in
Property Management programs among Milwaukee real estate management
firms. Telcom decides to drop rather than rebuild.

4 Telcom finds only one company interested in buying time on time-
sharing computer utility. No interest in word processing.

Checking resale price on computer Horace finds a 3/4 loss on his
six-month old investment.

Telcom effectively is bankrupt. However, Westinghouse negotiations
are still in motion and fire insurance settlement is still pending.
Telcom devotes all efforts to rebuilding and refining VAN-Mil and
processing the fire insurance claims (a very time-consuming effort).

5 On Jan 27, nearly two months after the fire, Telcom gives demon-
stration of VAN-Mil 'Local Info Data' and its 'Pizzaman Service'
to Westinghouse at its NY headquarters. Despite DEC personnel
standing guard at Telcom's office the computer 'crashes' mid
demonstration.

6 On February 4 DEC replaces all circuit boards and computer gives
years of perfect service. However, during summer Westinghouse
interest in cable tv wanes due to market changes. Telcom loses
expected contract initially worth $100-200,000. Still, Telcom
now has a loyal group of VAN subscribers and is still processing
the insurance claims.


PHASE II - FUND RAISING, NEW PLAN

1 In April 82 Telcom engages services of a highly regarded consultant
to seek financial backers based on our business plan. One company
(Volt, NY) talks of buying company. Bank Ohio interested in Telcom;
helps in establishing Bank-At-Home services.

2 Consultant's reading of computer insurance policy leads to expectation
of $100,000 plus settlement based on lost business (expectation later
confirmed by two attorneys). Funds to finance pursuit of new computer
applications seem assured.

3 In June 82 Phyllis resigns position as director of publications and
print production at Alverno to devote full time to managing resources,
creating new databases and computer graphics, and developing new
business plan.

4 Despite continued optimism at the national level, local reaction to
VAN-Mil indicates home services idea (home banking, shopping, informa-
tion) is premature. Telcom's continued market study shows great
interest in interactive cable at points-of-sale (malls, dept stores)
and public access sites (hotels, airports, bowling alleys) both in
advertising and as sales aids.

Mall/Department Store Demonstration of Videotex
-------------------------------------------------
During summer-fall 1982 Telcom negotiates with CableShare of Ontario
which has successful computer advertising systems in 2 malls in London,
Ontario, and plans for others. In September CableShare gives demonstra-
tion to local advertising agencies at an Open House at Telcom offices.

Using borrowed CableShare hardware and software--but generating its
own text and graphics--Telcom establishes two point-of-sale trials.

1 Factory Outlet Mall, Kenosha. From Sept 21-Dec 31, 1982, Telcom ran
continuous loop of ads on large tv screens in mall for 28 tenants.
Ken Karl, owner, interested in establishing permanent systems in all
of his other Factory Outlet malls.

2 Gimbels Downtown Milwaukee - 'Touch of Christmas' from Nov 22-Dec 31.
Continuous loop on Main Floor and Display windows; 3 'touch screens'
with Shopping Guide, using help of trained artists in anticipation
of business. Gimbels interested in running a 'Spring Fling'.

Success makes local, national, and international press (e.g.,
Australia and France); Channels 4 and 12 carry news clips; Channel 10
features Telcom on a Wisconsin business program.

Looks like Telcom is on right track. All it needs is investment
money to buy or lease expensive 'frame creation' and display equip-
ment. Does not seem improbable with recent success and publicity.

3 In following months interest in Telcom's videotex advertising and sales
assistance demonstrated by other Milwaukee businesses, culminating in a
series of Letters of Intent to develop contracts:

Red Carpet Inn Letter of Intent Nov 26, 82
Performing Arts Center Contract negotiated 82-83
Wisconsin Telephone Negotiations Dec 82 - Feb 83
Grand Avenue Mall Letter of Intent Feb 83
BankOhio Continued discussions for Bank-at-Home
Gimbels Continued negotiations for series
of activities including instore Research
Study with AT&T & national advertisers
Letters of Intent Sept 83, October 84

Jan-Jul 83
----------
Rouse Corporation, owner of the Grand Avenue Mall, invites Telcom to
install a system in Gran Avenue in parallel with the installation of
a competing system in Texas. The superior system is promised entry
into all Rouse malls.

Telcom obtains letters of interest from Grand Avenue, Performing Arts
Center, Red Carpet Inn, Wisconsin Telephone, Gimbels. Capital
remains blocking issue.

Negotiations continue with Gimbels with various schemes for sharing
costs with Gimbels and its major vendors. More promises.

Also locally, First Wisconsin asked Telcom to join with ADP in a trial;
Marine Bank also Has interest in a lobby installation.

Jun 83
------
ATT-Information Services impressed by Telcom's ability and its business
plan (best it has seen for videotex). Designates Telcom its first
(ever) Added-Value Representative. Michael Giella, Manager National
Sales-IS agrees to serve on Telcom board.

ATT cannot agree to Telcom's proposal to participate in a market test
at Gimbels with Telcom and a NY Marketing Consultant firm. ATT is
in midst of negotiating a videotex joint venture with some large
corporation and is not free to make new commitments. Telcom hoped
to get AT&T equipment in return for marketing assistance in AT&T
future videotex equipment development.

Aug 83-Mar 84
-------------
Telcom recognizes that 'frame creation' in itself offers a huge
potential with much reduced capital requirements. ATT recommends
Telcom 'page' production to Reynolds and Reynolds, a large advertising
firm with General Motors as one of its accounts which needs 1000
videotex 'pages' for the Chevrolet Division.

Telcom prepares the flow sheet for the system logic for a program
to be used in dealer's office to aid in customer selection of car
models and options. Using ATT's page creation system in Chicago
Telcom prepares slides of typical pages for use in the sales-aiding
scheme. Presentation at Reynolds and Reynolds headquarters in
Dayton very well received. Week later Reynolds calls to say they
decided to create system themselves but will have another project
for Telcom in couple of months. Never materializes.

Negotiations continue with Gimbels with constantly revised schemes
for particular systems and schemes for sharing costs.

SUMMARY: there is no problem selling Telcom's services but the
company cannot provide the services until it can secure investments
with which to purchase equipment.


INVESTMENT SEARCH
=================
In parallel with the effort to secure revenue and contracts
Telcom was seeking investment captital to lease or purchase
equipment needed for Point-of-Sake systems installation
(i.e., frame creation and display equipment).

April 1982
----------
After the fire Telcom retained a highly respected consultant
to seek investors (James Kirwan). One lead, Volt Industries,
talked of buying Telcom for its competence in editing and
frame creation. These negotiations extended for a full year
before fading.

Bank Ohio was interested in a joint venture with Cinncinnati
Bell marketing, Telcom editing/creating. Bank Ohio planned
to finance the operation in point-of-sale installations.
These discussions also extended well over a year with no
definite conclusion.

February 82
-----------
Locally Telcom contacted James Fretty, a corporate attorney, who
was in the process of establishing a pool of investment funds.
His suggestion was to contact him in the fall if we were still
seeking. In the fall Fretty was interested in real estate only.

Dec 81-Feb 82
-------------
Daniel Fox of Milwaukee was interested in establishing POS systems
in malls in Kansas City and St. Louis with Hallmark funds.

Nov 83-Oct 84
-------------
ATT assists by introducing Telcom to venture capital firm,
Hambrecht and Quist (San Francisco), largest venture capitalist firm
in the world, asked Telcom to revise its business plan, reducing
investment requirements reduced from $6 to $3 million. Discussions
continue from Nov 83 - Oct 84 and fade out with the departure
of our contact. H&Q invests with a Texas videotex firm.

Aug 84
------
John Komives, a Milwaukee venture capitalist, asked to critique
Telcom's business plan expressed interest in co-investing if we
gained other funds. (Other investors, from oiut of state, sug-
gested calling back after Telcom obtained a local investor.)

Oct 84
------
Invited to participate in the Venture Fair in Madison two good
investment possibilities emerged. Dennison Manufacturing, Mass,
and Hoard Publishing in Janesville, Wis.


CONCLUSION

Telcom's competence, enthusiasm, and high level of activity
assured that there were always very promising prospects in sight
for very profitable videotex related business.

Even as Telcom ceased operations, pressured by some creditors,
the two very promising leads growing out of a Venture Fair in
Madison were dropped.

That the business concepts were very valid is attested by two
recent articles (among many others available):

1 "Computer Currents", 17 December 1984, discussing videotex
businesses in the San Francisco area (retail, advertising,
home banking).

2 'Automated Retail', High Technology, Sept 1986, p 24-28,
describing instore systems, including a Buick program very
similar to what Telcom had proposed to Reynolds and
Reynolds for Chevrolet.

TIMELINE OF TELCOM PROFIT SEEKING

Telcom continuously watched changing market conditions and
developed plans based on prudence and reasonable expection of
profit and growth. Following are two lists: one listing Telcom's
efforts to secure revenue; the second listing Telcom's efforts to
secure investment funding.

REVENUE STREAMS
---------------
June 1981
---------
Contracts signed:
1) Repurchase Agreement Program Contract - St Francis State Bank
2 Building Management Program Contract - Colby Abbot Corporation

Nov 1981
--------
Fire and changing banking regulations lead to cancellation of
above contracts and also prospects of expanded business.
Survey of home computer user groups and computer stores
indicates strong willingness to pay for interactive computer
communication and other services. 'Pizza Man' cooperates in
developing 'buy by computer' program, indicating potential
for 'home buying' market.

With 'VAN-Mil' services on line Westinghouse (Teleprompter)
contracts for Telcom's services to help win Milwaukee's
Cable TV franchise. Very favorable reaction from civic,
political, and religious groups leads to negotiations for
providing local information databases (a service not offered
by national information networks) to win cable tv contracts in
future major markets, and to provide service on existing
Westinghouse cable systems.

Continuing computer 'crashes' resulting from fire reflects on
Telcom's reliability and slows progress toward closing on
agreements. Westinghouse, disallusioned by disappointing
profitability of cable tv and potential competition by satellite
tv withdraws from new markets in May 1982.

Following fire, Telcom is effectively bankrupt; it examines
its options for quick revenues. Telephone survey of Real Estate
Management companies shows no interest in computer-assisted
property management. Most property Ma-Pa owned.

Only one company interested in leasing time on Telcom's computer.
No interest in word processing. Check with computer brokers shows
very little interest in Telcom's specialized computer--really a
huge electronic switch for interconnecting many remote users.

April 82
--------
Opinions by business consultant and two attorneys as to expected
size of recovery of business losses due to fire from insurance
companies (over $100,000) encourages Telcom to identify real
videotex market and its appropriate niche.

Phyllis resigns as head of publications and print production at
Alvero College to conserve remainting family resources, create
text and graphics for ad demos, and write business plans.

June 82
-------
Research shows 'public access' (aspects, hotels, etc) and 'point
of sale' (malls, department stores) computer/tv advertising and
sales assistance to have very large potential.

Telcom reaches agreement with Cableshare of Ontario who has two
successful operations in malls in London, Ontario, to use
borrowed 'screen production' (text and graphics) and display
equipment to run two trials: Factory Outlet Mall in Kenosha
and Gimbels Milwaukee downtown store.

SEP-JAN 83
----------
Factory Outlet program ran continuous loops of advertising for
28 mall tenants with Telcom's generated text and graphics on two
large overhead screens. Ken Karl, owner, enthusiastic and asking
for system in all of his other malls.

NOV-JAN 83
----------
Gimbels program consisted of a loop of store specials
displayed on main floor and in street window and 3 'touch screens' running
shopper's 'gift guide' program (shopper searches for desired items
by touching screen at specific spots). Gimbels asks for system for
its Spring Fling promotion.

Success makes local, national, and internmational press (e.g.,
Australia and France); Channels 4 and 12 carry news clips; Channel 10
features Telcom on a Wisconsin business program.

Looks like Telcom is on right track. All it needs is investment
money to buy or lease expensive 'frame creation' and display
equipment. Should not be impossible with recent success and publicity.

JAN-JUL 83
----------
Rouse Corporation, owner of the Grand Avenue Mall, invites Telcom to
install a system in Gran Avenue in parallel with the installation of
a competing system being installed in Texas. The superior system
was promised entry into all Rouse malls in the country.

Telcom obtains letters of interest from Grand Avenue, Performing Arts
Center, Red Carpet Inn, Wisconsin Telephone, Gimbels. Capital
remains blocking issue.

Negotiations continue with Gimbels with various schemes for sharing
costs with Gimbels and its major vendors. More promises.

Also locally, First Wisconsin asked Telcom to join with ADP in a trial;
Marine Bank also was interest in a lobby installation.

JUN 83
------
ATT-Information Services impressed by Telcom's ability and its business
plan (best it has seen for videotex). Designates Telcom its first
(ever) Added-Value Representative. Michael Giella, Mgr National Sales
IS agrees to serve on Telcom board.

ATT cannot agree to participate in a market test at Gimbels with
Telcom and a NY Marketing Consultant firm. Telcom seeking to share
results in return for donation of a frame creation system; ATT is
in midst of negotiating a videotex joint venture with some large
corporation and must be free to make a 'clean' commitment.

AUG 83-MAR 84
-------------
Telcom recognizes that 'frame creation' in itself offers a huge
potential with much reduced capital requirements. ATT recommends
Telcom 'page' production to Reynolds and Reynolds, a large advertising
firm with General Motors as one of its accounts which needs 1000
videotex 'pages' for the Chevrolet Division.

Telcom prepares the flow sheet for the system logic for a program
to be used in dealer's office to aid in customer selection of car
models and options. Using ATT's page creation system in Chicago
Telcom prepares slides of typical pages for use in the sales-aiding
scheme. Presentation at Reynolds and Reynolds headquarters in
Dayton very well received. Week later Reynolds calls to say they
decided to create system themselves but will have another project
for Telcom in couple of months. Never materializes.

Negotiations continue with Gimbels with constantly revised schemes
for particular systems and schemes for sharing costs.

SUMMARY: there was no problem selling Telcom's services but the company
could not provide the services until it could secure investments
with which to purchase equipment.


FUNDS SEARCH
============
In parallel with the effort to secure revenue and contracts
Telcom was seeking investment captital to lease or purchase
equipment needed for Point-of-Sake systems installation
(i.e., frame creation and display equipment).

April 1982
----------
After 'the fire' Telcom retained a highly respected consultant
to seek investors (James Kirwan). One lead, Volt Industries,
talked of buying Telcom for its competence in editing and
frame creation. These negotiations extended for a full year
with no positive result.

Bank Ohio was interested in a joint venture with Cinncinnati
Bell marketing, Telcom editing/creating. Bank Ohio planned
to finance the operation in point-of-sale installations.
These discussions also extended well over a year with no
definite conclusion.

February 82
-----------
Locally Telcom contacted Fretty, a corporate attorney, who was
in the process of establishing a pool of investment funds.
His suggestion was to contact him in the fall if we were still
seeking. In the fall Fretty was no longer interested.

Dec 81-Feb 82
-------------
Daniel Fox of Milwaukee was interested in establishing POS
systems in malls in Kansas City and St. Louis with Hallmark
funds.

Nov 83-Oct 84
-------------
ATT assists by introducing Telcom to venture capital firm,
Hambrecht and Quist (San Francisco), largest venture capitalist firm
in the world, asked Telcom to revise its business plan, reducing
investment requirements reduced from $6 to $3 million. Discussions
continued from Nov 83 - Oct 84 and faded out with the departure
of our contact.

Aug 84
------
John Komives, a Milwaukee venture capitalist, asked to critique
Telcom's business plan expressed interest in co-investing if we
gained other funds. (Other investors, from oiut of state, sug-
gested calling back after Telcom obtained a local investor.)

Oct 84
------
Invited to participate in the Venture Fair in Madison two good
investment possibilities emerged. Dennison Manufacturing, Mass,
and Hoard Publishing in Janesville, Wis.


CONCLUSION: These summaries show how promises of revenues and
funding, each episode extending for many months, presented an ever
hopeful future and led Telcom to continue until it became impossible
to risk any more of the family's diminished resources.




Horace A & Phyllis J Cataldi September 12, 1985
273-1984 or 332-6786


A 1985 PERSONAL TAXES
=====================
Horace, aged 67, retired from GE on June 1 with a year's severance
pay; 1985 therefore will be unusually high in wages, rising from
$41,879 in 1984 to at least $62,290. Additional wages/consultant
fees for Horace who is looking at new job opportunities could in-
crease this total by $10,000-15,000. (Phyllis, working for the
family business, will draw no salary except for $2,000 to permit
an IRA investment--already made.)

We have just received a lump-sum distribution check of $18,751 from
the GE savings and security plan. Tax value of the distribution
is noted at $7854.26 and we are advised to report on our 85 return:
3394.61 ordinary income; 4459.65 long term capital gain; 1139.36
interest income.

QUESTION A1: Should we roll over this check or 10-year average?
---------------------------------------------------------------
The check, waiting when we returned from a trip, was dated August 16
and we must decide within 60 days from that date (by mid October)
whether to roll it over or use 10-year averaging. (NOTE: We under-
stand we can 10-year average only once and we are due another lump-
sum distribution of about the same size after the first of the year.

QUESTION A2: In general what can we do to minimize taxes?
---------------------------------------------------------
Consider a new limited partnership? Pay off or refinance large
second mortgage? Do anything further on establishing our business
losses through Telcom (below)?


B CLOSING OF FAMILY CORPORATION, TELCOM INDUSTRIES
==================================================
At the end of March we closed the old family company, Telcom Indus-
tries, by proportionately dividing an insurance claim payment among
all of Telcom's Accounts and Notes Payable, including ourselves under
both categories:

HAC/PJC Notes Payable $181,851 owed - $3,329 paid = $ 178,522 balance
HAC/PJC Computer Lease 72,000 owed - 1,318 paid = 70,682 balance

We sent each creditor a form letter (see EXHIBIT B1) with a check noted
'Final Payment'. Out of 45 creditors 38 accepted their checks. We had
intended to hold any unaccepted funds but at the end one creditor put a
lien on our account and took the balance ($150.64).

Telcom's 84-85 books were completed last week while I was out of town
(see EXHIBIT B2 for Balance Sheet). They are not exactly right: we
actually have on hand but uncashed 1) a refund from Wisconsin Bell for
$77.92 and 2) our own personal check for $91.49 to buy the office
furniture at its depreciated value. This total of $169.41, which I

Horace A & Phyllis J Cataldi September 12, 1985


would like to label a legal/accounting fund, is not reflected in the
Balance Sheet.

QUESTION B1: How do we handle this $169.41?
-------------------------------------------

QUESTION B2: Can we sign affidavit from City Attorney?
------------------------------------------------------
We have a request-for-affidavit from the City Attorney's office
(see EXHIBIT B3) we were holding until the books were finished.
I am leary because of the following specific points:

1) What is 'defunct' legally? We certainly are not operating
and see no near-term opportunity. In a matter of several years,
however, we might be in a position to put funds into the company
in order to use its losses. Can we swear we are 'defunct' under
these conditions?

2) Can we swear the "corporation has no assets whatsoever"?
We have the $169.41 above and our Balance Sheet says we have
some other theoretical assets in the form of leasehold improve-
ments and organizational costs.


C CATALDI & ASSOCIATES
======================
Cataldi & Associates (in same office as before because Vince had
accepted personal as well as corporate responsibility for the
lease) offers consultant services in engineering, editorial, and
software/videotex research and production. No income yet although
Horace (engineering) has completed one small project and will be
billing. I (editorial) am searching for clients and Vincent (video-
tex) seems near to solving some technical problems and landing an
advertising contract.

We are spending rent/phone money each month on C&A, have invested
in some equipment, and are using our computer in this business
(but without a lease since it belongs to us).

QUESTION C1: How should we structure this company?
--------------------------------------------------
As a corporation or a Chapter S or a partnership or what? An
extension of the informal business Horace and I ran in leasing had
the computer to Telcom? (For what it's worth the Cataldi & Associ-
ates name informally preceded Telcom and also was used on the office
door along with Telcom's).

QUESTION C2: Appreciable advantage for Horace as consultant?
------------------------------------------------------------
Horace currently is looking at job opportunities elsewhere and might
be in a position to push an offer into either a full-time job or a
consultant project. Is there any great advantage either way?