September 15, 2005

Acedemy Broadway Corporation
21 East 40th Street

New York, NY 10016

Gentleman:

   Your name has been recommended to us by the Chamber of Commerce of New York as one of the well-known importers handling various bicycles and parts and we are writing to you with a keen desire to open an account with you.

   
   As you will see in the enclosed pamphlet, we have been established here for more than thirty years as exporters of Korean-made bicycles and parts. In this line of business we enjoy a specially advantageous position as we have wide and direct connections with the first-class manufacturers in Korea, and you may be assured that any orders you may send us will be executed at the lowest market prices and on the best terms possible.

   
   We do business on a Banker′s Confirmed Letter of Credit under which we draw a draft at 60 d/s. Price are quoted FOB Pusan in U.S. dollars, but we can make up CIF prices, delivery at any port of your country, if you so desire.

   
    Our bankers are the Hanil Bank, Seoul, to whom you may refer for our business status.

    If you are interested in Korean-made bicycles and parts, please write to us conditions upon
    which you are able to transact with us.

    We look forward to your trial order. 

                                                                              Yours truly,

                                                                       Seoul Trading Company