EXECUTIVE SUMMARY

FINANCIAL CONSTITUTION and RESUMED FACTS OF UnI Connexions and Uniteldata PORTUGAL.

UnI Connexions was incorporated in Canada with the objective to build a wireless network in Northern Quebec and fixed broadband networks in rural parts of Portugal.
These are the areas where the incumbents have the poorest quality copper wires and the demand for services is highest.
Our head office is located in Rouyn Quebec.
It is a mining town with a university and with population of 35,000.
We will start servicing smaller communities and gradually move into the bigger communities where service is also mediocre and very expensive.

The founders:

Pedro Cardoso, Camil Palin and Cary Pollack have taken the initiative that they will benefit from the project only after the shareholders have been properly rewarded.
Camil is a twenty years veteran in the telecoms market of this region. He is focusing on operating the wireless operations in rural Quebec.

Pedro lived in the region until moving to Portugal to start a telecoms company that went on to become the biggest telecoms operator, second only to the incumbent.
He now devotes his full time to oversee operations in Portugal and helps in Canada as needed.

Cary has 25 years of Wall Street and oversees the financial aspects of the two projects.

The Canadian company is the vehicle to fund operations.

We have set out common shares for the founders (last in rank) and a series of preferred shares to be issued to the investors as needed and as the projects move forward.

Our financial model is based on the pledge that the founders will only benefit from the project after the investors have been adequately rewarded.

The first series of preferred were issued to family and very closed friends to help to finance the projects to its present stage.

A second issuance of preferred was concluded with success.
We anticipate this issue will bring us to the stage.
From then on, we are confident!

The Portuguese subsidiary is composed of 1,000, 000 Common shares at 25 cents each.               

Its formal address is Chaves where we obtained facilities, supplied by the Municipality, in a brand new building for a low monthly rent of only 395€ per month.

The common shares, fully paid have been subscribed as follows:

* In addition, UnI Canada, in cooperation with its suppliers and shareholders, will provide advances, or cash equivalent, progressively during 18 months, as demonstrated in the financial provisions, for a grand total of 1,285,000.00€. 

Now in the process of being amalgamated with Uniconnexions from Canada. So that it bocomes 100% owned by Uniconnexions.

The boards of Directors, of Uniteldata Portugal, are:

Cary Pollack,Rui Pinheiro and Pedro Cardoso.

A UnI Connexions Canadian operation is also just getting underway.

In Canada, we are focusing on the development of niche markets in Rural Quebec. Authorization from the Canadian regulator is automatic and application has been maid.

License is expected by mid summer.

Meanwhile we are proceeding with the implementation by using telephone numbers and services from a licensed operator in Montreal who is very happy to get our business.
In addition to Pedro Cardoso, there is also its President, Camil Palin, former telecoms professional that has worked continuously in Telecoms for over twenty years. He has just quit his position to start and operate UnI Connexions.

The company has been structured so that the founders will only benefit after the preferred shareholders have been properly rewarded.

In addition to their respective financial contribution, each party will facilitate their respective know how.

Know how of the management is based on past experience.
Their ability to provide an above average return on investment is not in doubt.

To facilitate financing and keep issuance of shares to a minimum, it is expected that banks will have first mortgage of all assets. This will allow us to leverage and maximize return on investment.

The company engages in the construction of hybrid networks in rural communities, in Portugal, beginning in Chaves, Lamego and now in Marco de Canavezes localities as well as in rural parts of Quebec.

The concept is to build “turn key” and to operate in niche markets away from the more competitive markets where bigger operators will continue to focus.

At this time, the objective within a three years time frame is to cable some forty to fifty thousand homes passed and to secure some twenty thousand customers in areas where there is no direct competition.

Although very attentive to new technologies, the management is confident that copper wire and satellite competition will not threat the viability of the network in rural Portugal.
For example, in Portugal, it is noteworthy to remember that the operators of the poorest markets, such as Beja, have enjoyed over 60 % penetration for a long period of time and without forthcoming fixed network competition.

All the competition from satellite and the fixed ADSL have not achieved any real market share in these locations. The ability to provide high quality personalized services in such localities will ensure customer loyalty and quality of service favoring UnI and thus providing a very low churn rate.

The project represents a very low risk investment and equally low risk for the lenders.
Consider the following numbers;
Within three years, prudently speaking, UnI will reach, at least, some 40,000 RGU.
Assuming only an average of 20€ per month it will total 9.6 million € per year.

The project is based on the construction of a fixed, hybrid, broadband network.
The services to be provided, initially, are:

Digital Television channels, IP telephone and Broadband Internet.
It is expected that, at the proper timing, other services will be added.

The capacity and potential of the hybrid network far exceeds the needs of the foreseeable future.

In addition, the network will be made available to other operators wishing to provide additional services such as medical assistance, surveillance etc.
Uniteldata in Portugal, or UnI in Canada, are not against facilitating the renting of its network. We will treat everyone by their own merit. Obviously, the rental, or fee, will have to be profitable to the network owner.
Contrary to popular belief, we feel it is best to accept the arrival of other services providers.

In each and every case, we will try to maximize the use of the network.
We are confident that, by building a state of the art network, we will be guaranteeing a better return on investment while affording better services to the communities that, otherwise, will never get access to a modern network.

The vast experiences we have gathered, over the years, confirm to us that the viability of the network is not in jeopardy by the forthcoming competition.
In fact, we are certain that new services, by third parties, will be healthy and will continue to ensure additional revenues to the network owner.

There are three key factors that enhance our project and speed up return on investment. As well, they also minimize the amount needed for start up.

Minimum of Permanent staff, the existence of back bone networks and the willingness of an existing operator to cooperate, makes our project, in Portugal, even more attractive.
It is anticipated that we can sign up the first customer with a minimum of fixed expenses.

Planning and building is done through experienced turn key contractors.
No need for expensive manpower. For the initial period, we have just hired (Outsourcing) a sales and marketing team that as demonstrated noteworthy achievements inthis market. At the most we will have no more than 20 employees.

No need for an expensive head end. The Internet and IP telephony will be supplied by another operator presently serving the metropolitan areas. This allows us to develop a non competitive environment and to be able to enter into future ventures based on synergies of the two companies.

No need for back bone. Back bone networks are now available in Portugal at very competitive prices. It is anticipated that we can transport the signal between several locations, of the needed channels, for a sum of less than 3,000.00€ per month. This element alone will eliminate the, otherwise needed, investment of at least 300,000 € for a head end in other planned locations such as Lamego and Marco de Canavezes.

Conclusion
The opportunity to secure this niche market is available and upon us.

We have taken the decision to secure all needed elements and to start as soon as possible.
Contractors and equipment suppliers are contributing to our success.
We now have 7,000 homes passed just about completed in Chaves.
The operative system has been bought paid and is being installed at present.
Equity financing will continue to roll in just as we have done in the past.
We are now connecting our the first customers, in Portugal.

In Northern Quebec, we will be making the choice of equipment supplier in June. First customer is anticipated before year end 2008.

Sincerely,
P. Cardoso
November 26, 2007