Wetzel W. Ward


6641 Lakeridge Drive
Texarkana, TX 75503
September 4, 1998

The following testimony I believe to be true and correct and within my direct knowledge. If called upon as a witness thereto, I could and would do so competently.

Dear Partners Management Committees:

I appreciate the meticulous due diligence you are doing with respect to verifying virtually every aspect regarding the track record, performance and history of Steven (of The Strategic Consultant.org) and the recommendations and consulting he has done. Your pleasure with his performance comes as no surprise to me, as I have come to expect this from Steven over the many years that I have known him. What does surprise me are the ridiculous allegations made about him by a competitor who, for whatever reason, appears to have disregard for the truth.

I first began doing business with Steven (of The Strategic Consultant.org) during or about the year 1983, after having been referred to him by another, (since nearly all of his clients are referred to him by existing, satisfied clients). Having seen his track record sheets numerous times, I can attest that the metals talked about in his track record were, in fact, recommended by Steven (of The Strategic Consultant.org), vigorously, during 1983 through 1985 (the time periods listed) and that during the spring of 1985, Steven did, in fact, conduct a seminar here in Texarkana, Texas, which was well attended and received coverage from the local newspaper. I can further confirm that the metals did, in fact, go up as per the track record summary and that Steven (of The Strategic Consultant.org) did recommend selling as soon as the metals met the appropriate prices listed in his track record.

With respect to the real estate transaction, I am one of several investors who did, in fact, invest with Steven (of The Strategic Consultant.org) in Great American Properties during Nov./Dec. 1987. Although most investors went into the transaction with the intent to hold for 5-7 years, a few of the investors were pleased to take our profits in the spring of 1988; and I, myself, took my profits that fall, after having the ability to receive approximately 25% of my money back in profit (together with the principle) over a period of roughly 4 to 8 months, depending on the property. My property had significant monthly cash flow, as well as tax benefits, although I, personally, elected not to utilize the tax benefits (as I was already well sheltered).

Steven’s clients did well in the real estate transaction because Steven did a significant amount of research, not only on the area, but also made sure that his clients got in at a fraction of what it cost the properties to build…

I can also confirm that shortly after that, during or about the summer of 1990, Steven did, in fact, talk about a number of stocks with myself and other clients, the most popular being Wal-Mart and Home Depot, which Steven was very aggressive about (as were most people I knew in the investment community). Additionally, around Christmas time of 1991, Steven also spoke highly of Telefonos de Mexico (to my self and other investors), although most people I knew were already familiar with it.

During or about 1991, Steven did recommend investing in Ft. Worth, Pittsburgh and Minneapolis Wireless Cable (which was put together by Pittsburgh) and Steven did act as an agent of the buyer (investors such as myself) and was instrumental with working with the various management committees of each of the partnerships. Many of us committee members (I was on the management committee of Ft. Worth I), developed a relationship with Steven. He assisted with the business aspects, research on the industry and also with respect to operations and investment management type decisions. When there were difficulties within the management committees, Steven would often come in and act as an intermediary, assisting the different conflicting personalities to work together. When our committee had difficulties with Ft. Worth I, Steven was actively involved in facilitating a workable solution whereby Ft. Worth II bought the assets of Ft. Worth I and we were able to go forward in a positive manner.

Shortly after that time, Steven vigorously endeavored (along with Ken Thompson) to kick out the organizers (American Wireless Systems) and have the partnerships band together and go public by doing a Chapter 11 and simply re-organizing. Although Steven was unsuccessful in his efforts, he did open a lot of people’s eyes. In addition to doing a mail-out regarding that, he also suggested that if we allowed AWS or anybody else to buy us out, that it be structured in the format of convertible bonds or debentures so that if the stock went up, we made the difference, and if the stock price went down, our down-side was protected, and if the company that bought us ever went bankrupt, we could have repossessed our assets. To this day, I believe that if we had followed Steven’s recommended format, Ft. Worth and Minneapolis would have done substantially better in their sale to Heartland. With hindsight being 20:20, it now appears that if Ft. Worth, Pittsburgh and Minneapolis would have banded together as Steven recommended, the whole would have been greater than the sum of the parts.

Steven was a fixture at most of the partnership meetings and most of the partners seemed to know who he was and, definitely, all of the management committee members knew him by his voice, face and name. All but a couple of members held him in high regard.

Steven performed a similar function with respect to Las Vegas Third Mobile SMR, attended their meetings on behalf of his clients and helped facilitate a group discount (allowing for Las Vegas Third Mobile to buy into Chadmore Communications at $1.50 per share and thus make more profits than they would have if they continued on their own).

With respect to Steven’s stock recommendations of Short Takes during October of 1992, I remember that well (because it was after the American Wireless meeting for Minneapolis and Steven called everybody from his house). I know from speaking with fellow AWS partners who were clients of Steven’s that most of them picked up Short Takes and I know that he vigorously lobbied for us to sell and take our profits when the stock reached $10 per share. Most of us followed his recommendation.

With respect to the SMR stock Steven references in his track record, I do recall that during those time periods, that he did recommend those stocks to myself and everyone I knew that he was working with, both with respect to the times of the year to get in and to get out.

With respect to Steven’s customer service, the best way to describe him is that he always puts his clients ahead of himself and he stays involved with his clients all the way through, until they are completely finished with the transactions. Steven has always operated his business by the highest moral and ethical standards. He consistently demonstrates his belief that there should be no separation between a person’s spirituality and their daily life and he always puts that into practice with his daily activities. I have been happy to refer others to Steven, in the past, and anticipate I will continue to be happy doing business with him and referring others to him, in the future.

In addition to being well taken care of, Steven also does an excellent job of educating his investors, to the point where his investors pretty much do the sales for him. I believe this is very important because, if anything ever happened to Steven, it appears to me as though his investors are well enough educated and understanding of what they’re in that although they would miss him, they would be able to carry on.

If you have any additional questions, please let me know. I’m sure you will continue to see the same level of service that you’ve come to expect from Steven.

UNDER PENALTY OF PERJURY

SIGNATURE ON FILE

Wetzel W. Ward