Item Skewed Company’s Litigation Status

* Dear Editor:

Your one-paragraph item on our company, Amplicon Inc., published Jan. 1, characterizes a lawsuit recently filed against our company as “a continuation of a string of contract litigations against the company.”

In fact, nearly all litigation involving Amplicon, including the three cases cited in the brief, has been filed by our company, not against it. What’s more, nearly all of these lawsuits--including those cited in the brief, as well as those few not initiated by us--have ended in substantial monetary settlements or adjudications in Amplicon’s favor, with the courts upholding the enforceability of our contracts.

Some courts have gone even further. After entering judgments in Amplicon’s favor, they have gone on to excoriate the accusations of the losing side as “reprehensible.”

It is unfortunate that companies like ours, which is in the business of leasing expensive equipment, are sometimes forced to resort to legal action when a lessee refuses to honor the terms of its written, signed and legally binding agreement. We are pleased, however, that the total number of times we have had to be involved in such litigation represents only a tiny fraction of our business--less than 1% of the total contracts we have signed.

This, plus our company’s successful track record of more that 20 years in the business of lease-financing high-tech capital assets illustrates that the system of honor and reliance on written contracts still is very much alive and well in the world of business.

Sincerely,

Glen T. Tsuma

Chief Operating Officer

Amplicon Inc.