(insert name here) Quakes

............an email received tonight .............

Dear Soccer Silicon Valley member: The roller coaster ride that we have all been on for the better part of two years is, in all likelihood, about to come to an end. Silicon Valley Sports & Entertainment (SVS&E), the group that manages the Sharks and one of the investors we have been working with for over a year, has been unable to work out a deal to keep the Earthquakes here for 2006, despite their best efforts. We understand that AEG intends to move the team and is expected to make an announcement in a press conference on Friday in Houston. There is a bit of hope. During our time on this project, a number of investors, several of whom are high-ranking executives in publicly-traded companies, have come to us and expressed a desire to team with other investors in purchasing the Earthquakes. Many of these investors have met with SVS&E, who were willing to serve as the lead investor in the venture and who have an ongoing business relationship with AEG. SSV's board members are working with these investors to determine their willingness to purchase and operate the team. We have already petitioned MLS and AEG for ownership of the Earthquakes' legacy--the team's name, colors, trophies, and history--if the team is relocated. When we first approached AEG with this idea in August of 2004, they indicated that they would be willing to do this. We expect that it is still true now. If the quality and passion of a team's fans were the only barometer of its success, the Earthquakes would be recognized as one of the best teams anywhere and the shining light of Major League Soccer. Unfortunately, the economic reality is that without a stadium, the Earthquakes cannot continue as a viable business. Thank you as always for your support. We will continue to keep you updated as events unfold. Yours in soccer, Colin McCarthy and the Founding Members of SSV: Don Gagliardi Jay Hipps Tony Huston John Jussen Carol Vartuli Marin Mike Turco