During the month of June, RAC will begin the rollout of our new website and 
linked portfolio tracking system called PortRAC.  The website will provide 
the user with instantly available transaction policies, procedures, DASH,s 
and other valuable reports and links.  The PortRAC system is an extensive 
database of merchant and strategic investment information combined with a 
powerful search engine and report writer.  PortRAC will enable the analysis 
of our investment portfolio in any fashion that the user specifies such as 
the calculation of returns for a particular industry or region.

I believe that the new RAC website and PortRAC system will be valuable tools 
to help manage our business and I would like to provide you a personal &demo8 
before we introduce these applications to a broader population.

In the next two weeks, Rick Carson will be contacting you to arrange a 
convenient time for the demo, which should take about 30 minutes.  I hope 
that you will be able to make time in your schedule.

Please call me with any questions.

Rick Buy