<html><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; "><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font: normal normal normal 14px/normal Helvetica; "><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; font-size: 12pt; font-family: 'times new roman', 'new york', times, serif; "><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><br></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; "><br></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px; ">It had limited success. The problem was with all the design engineering, field engineering, and buyout items from Ampex and Fernseh costs profit margins were very slim. </div></div></div></div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; "><br></div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; ">Visual was having other financial problems so they shut the VTR project down.</div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; "><o:p> </o:p></div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; ">This is when John Streets and I<span> </span>started Merlin by buying out all the excess inventory from Visual. We then started refurbishing and reselling VR-2000’s , VR-1200's, building our own high band signal system and offered<span> </span>high band kits for older machines.</div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; "><o:p> </o:p></div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; ">This is the story to the best of my recollection.</div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; "><o:p> </o:p></div><div style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; ">Al Sturm</div><p class="MsoNormal" style="margin-top: 0in; margin-right: 0in; margin-bottom: 0pt; margin-left: 0in; font-family: 'times new roman', 'new york', times, serif; font-size: 16px; "> </p><div apple-content-edited="true"> <div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; font-size: 14px; "><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; "><div><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px; "><br class="Apple-interchange-newline"></span><span class="Apple-style-span" style="font-size: 12px; ">Ted Langdell</span></font></div><div><span class="Apple-style-span" style="font-size: 12px; ">Secretary</span></div><div><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px; ">Skype: <span class="Apple-tab-span" style="white-space: pre; "> </span>TedLangdell</span></font></div><div><font class="Apple-style-span" size="3"><span class="Apple-style-span" style="font-size: 12px; ">e-mail:<span class="Apple-tab-span" style="white-space: pre; "> </span><a href="mailto:ted@quadvideotapegroup.com">ted@quadvideotapegroup.com</a></span></font></div></div></div></div> </div><br></body></html>