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Enron Mail |
Greg
I was talking with George Wasaff yesterday and he recommended I touch base with you in an effort to identify potential Enron interest in acquiring WaterDesk assets. WaterDesk Corp. was incubated by Azurix to provide participants in the global water industry with a global, single-source, collaborative, business-to-business network to efficiently source, transact and manage, information, products and services. We are currently involved in a private placement process that does portend some significant possibility for success but has not had anyone circle an offer yet. Time is of the essence. Given current market and industry realities, our priorities have changed in an effort to maximize near term opportunity for success. Specifically, in addition to offering investors the opportunity to invest in a public marketplace solution, we are pursuing other avenues, such as private marketplace or buy-side procurement solutions (which seem to be more palatable). We are also broadening our opportunity set by seeking potential solutions outside the water industry. Feedback from the various and numerous entities that have performed due diligence on WaterDesk indicate that its assets are well suited for any of these alternative solutions. KEY ELEMENTS OF VALUE: a qualified and experienced team; intellectual property; and, a secure, integrated and operational platform. Bottom Line: I have committed to John Garrison that we will deliver some form of success by February or we should "pull the plug". It would be a pity to waste such valuable assets (human and physical). I would like to meet with your or your designated representative(s) as soon as possible to determine what fit, if any, there might be with Enron endeavors, current or future. The attached provides some detailed information that may be of help as you reflect on this. Alex Perwich President WaterDesk Corp. 713-646-9573 (O) 713-646-7800 (fax) WaterDesk Corp. provides participants in the global water industry with WaterDesk.com, the global, single-source, collaborative, business-to-business network to efficiently source, transact and manage, information, products and services.
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