When did Evergreen file for bankruptcy?

March 2001.

When did Evergreen emerge from bankruptcy?

June 2004.

Will Evergreen's emergence from bankruptcy have an effect on how much is sent to me?

Yes. It was necessary to emerge from bankruptcy to make some of the defendants agree to pay Evergreen millions of dollars to settle their litigation.

How much is Bill Cuthill paid?

As President he is paid his hourly rate of $200 plus a bonus of 3% of the funds recovered, less his hourly rate already paid. As Trustee he received his hourly rate not to exceed 3% of the funds recovered and disbursed.

How much is the Steering Committee paid?

Members of the Committee are paid $500 for each meeting they attend, not to exceed $10,000 each year. During the bankruptcy, January 2001 to June 2004, the Committee members served without compensation. Their expenses were reimbursed.

How are the Professionals (lawyers, expert witnesses, forensic accountants, investigators, etc.) paid?

Professionals are paid by the hours they work at their billing rate plus their out-of-pocket expenses. Their hourly rates range from $100 to $500 per hour. The Committee and Bill Cuthill must approve their fees and expenses.

How can I contact Bill Cuthill?

His contact information is:

R. W. (Bill) Cuthill, Jr., President
Evergreen Security, Ltd.
341 N. Maitland Ave., Ste. 210
Maitland, FL 32751 USA
Tel 407-644-3781 Ext. 235
Fax 407-644-3943
rcuthill@msn.com

How do I contact the Steering Committee?

Contact them through their attorney, whose contact information is:

Hans Christian Beyer, Esq.
Saxon Gilmore Carraway Gibbons Lash & Wilcox P.A.
201 E. Kennedy Blvd., Ste. 600
Tampa, FL 33602
Tel 813-314-4509
Fax 813-314-4555
hbeyer@wans.net

What happened to the owners of Evergreen?

The initial owner, Greg White, Nassau, Bahamas, was not criminally prosecuted. William Zylka, owner after 1999, was convicted in New York of stealing $27.7 million and has served a 6-16 year sentence, which started in 2001. Mr. Zylka's attorney, William Conroy, was also convicted in New York of stealing $27.7 million and was sentenced to 4-14 years. He is out on bail pending the appeal of his conviction.

What happened to the six managers of Evergreen?

Thomas Spencer, Robert Boyd and Martin Boelens pled guilty to federal crimes. Mr. Spencer died in 2003. Mr. Boyd was sentenced to thirty-seven months in prison, three years probation and $125 million of restitution. Mr. Boelens was sentenced to forty-six months in prison, three years of probation and $70 million of restitution. The other managers, Thomas Coyle, William Blankenship, and Jeffrey Stanley, have not been indicted. They settled their civil cases filed by Mr. Cuthill.

When will Boyd and Boelens pay their restitution?

Although Boyd and Boelens were ordered to pay millions of dollars of restitution, they do not have the means to pay it. They settled their civil litigation filed by Bill Cuthill by paying to Evergreen all of their non-exempt property to Evergreen. They were both lawyers, who lost their licenses to practice and are currently serving their jail sentences.

What happened to the investment advisors at APAM/IPA?

Its principals, Anthony Huggins and Jon Knight, have been tried in two trials in New York for stealing $6.5 million. After the trials with no verdict entered, Mr. Knight and Mr. Huggins pled guilty and were sentenced to no jail time, probation and a fine. No restitution was ordered. The civil litigation filed by Bill Cuthill against Mr. Huggins and Mr. Knight and their companies was completed in December 2005. The Court entered a judgment against Mr. Huggins, Mr. Knight and their company Mataeka, Ltd. for $7.9 million plus post-judgment interest. The Court also entered a judgment against APAM for $2.5 million plus post-judgment interest. The defendants appealed their judgments in March 2006, but their appeal was denied by the district court in 2007. Bill Cuthill filed involuntary bankruptcy cases against Mr. Huggins and Mr. Knight and the Court has appointed a separate Trustee to handle their bankruptcies. Gray Robinson, Huggins' counsel, paid $1.1 million to Bill Cuthill after he filed a garnishment action for payment of the judgment from trust funds it was holding for Mr. Huggins for the benefit of Mataeka. Mr. Knight settled with the Trustee and Bill Cuthill. Mr. Knight deeded over two houses in Florida, two houses in Georgia, a horse farm in Georgia and a thirty foot boat. These were sold at auction for over $2.3 million. Mr. Huggins settled with the Trustee and Bill Cuthill for $1.0 million, which was paid over to the Trustee.

What happened to the over 125 financial advisors (brokers) who sold the certificates?

Anthony Micciche pled guilty to a federal crime and was sentenced to fifteen months. He has completed serving his sentence. No other brokers have been indicted, although the NASD and some states have taken regulatory actions against certain brokers.

How can I have an impact on the criminal prosecution of the owners, directors, managers, brokers and advisors?

Contact the federal prosecutor:

Rachelle Desvaux-Bedke
US Attorney's Office
400 N. Tampa Street, Suite 400
Tampa, Fl 33602 USA
Tel 813-274-6134
Fax 813-274-6125
Fax 813-274-6220
rachelle.bedke@usdoj.gov

Contact the Attorney General of the state where you were sold the certificate and file a complaint against your broker.

When was the first distribution made and how much was it?

The first distribution checks were mailed on October 1, 2004 for approximately 7% of each approved claim.

When was the second distribution made and how much was it?

The second distribution checks were mailed on March 16, 2005 for approximately 2.2% of each approved claim.

Are these distributions taxable?

The distributions were a return of principal. You should consult with your income tax advisor about the tax treatment under your country's tax laws.

Will I receive a form 1099 (US tax form) for my distributions?

No.

Will there be future distributions?

Yes. Future distributions will be made during the remainder of the case as funds are recovered.

When will I receive the third distribution?

The Trustee for the Huggins and Knight bankruptcies has indicated he will disburse all funds to Evergreen in January 2008, so distribution checks will be sent to Evergreen creditors soon thereafter. These checks should be between 1.5% and 2% of each creditors' approved claim.

How much will be recovered and distributed to approved claim holders?

Future distributions will be determined by the results of pending litigation, which is very difficult to estimate. Bill Cuthill has estimated future distributions will be at least 5.8% of approved claims. This will make all distributions at least 15% of approved claims.

How many claims were approved and what is their total amount?

Claims for over 1900 certificates were approved for over $198 million.

Why does the amount distributed to date to claim holders not equal 9.2% of $198 million?

Some claim holders have not kept their addresses up to date with the Court or Bill Cuthill and their distribution checks have been returned as undeliverable.

How can I find out if a check was sent to me?

Contact Bill Cuthill.

What do I do if my check was sent to my trustee or my IRA custodian?

Contact your trustee or custodian.

What do I do if my trust or IRA was closed and my check was sent to my trustee or custodian?

Contact your trustee or custodian to obtain the check.

Do I have to continue to pay my trustee or custodian their annual fees to obtain distributions?

No. You can ask your trustee or custodian to assign their proof of claim to you. Send paperwork to Bill Cuthill from the trustee or custodian showing that they assigned their proof of claim to you

What do I do if I moved and did not receive a check, but have an approved claim?

Send a change of address to Bill Cuthill.

If my check went to the wrong address and gets lost in the mail, how will I get paid?

Notify Bill Cuthill of your address change with a note you did not get your check. The checks that were sent out will not be negotiable after ninety days from the date of the check and Bill Cuthill will send out a replacement check to your new address.

What do I do if the check was sent to a claim holder who was deceased and I am the beneficiary?

Return the check with a copy of the death certificate and paperwork showing you are the beneficiary to Bill Cuthill.

What do I do if I had an investment in Evergreen, but did not file a Proof of Claim with the Court and my investment was disputed?

File a Proof of Claim with the Court, 135 W. Central Blvd., Orlando, FL 32801, USA and include an explanation why you are filing late. Send a copy to Bill Cuthill. You can obtain a Proof of Claim form from the Committee's web site.

I have been contacted by a company who wants to buy my proof of claim. Should I sell it to them?

This is your decision and Bill Cuthill cannot give you advice on it.

What is the best way to keep up to date with the case?

Read the press releases, reports and other information posted on the Steering Committee's web site at www.evergreencreditorscommittee.com.

If I call Bill Cuthill will he bring me up to date?

Yes, but remember there are thousands of investors who want information. Please review the web site and let Bill Cuthill concentrate on recovering your money.

I don't have a computer. How do I get the information posted to the web site?

Ask a friend or relative, who has access to the Internet, to help you. Also, most public libraries have computers you can use and they will help you.

Evergreen's stock is held in trust for all creditors by a Steering Committee consisting of five creditors. Bill Cuthill is the president and only director of Evergreen and carries out the recovery and distribution of funds.

Why is the recovery taking so long?

When Evergreen filed bankruptcy in 2001 it had less then $1 million in the bank and owed $213 million to investors. Bill Cuthill has filed over 150 lawsuits in six countries to try to recover your funds. These suits have taken years to complete.

How much has been recovered?

Approximately $28.3 million, excluding the over $3 million recovered by the Huggins and Knight Trustee, and 11,625,541 shares of stock in Crystal Graphite Corporation have been recovered through October 31, 2007.

What happened to the $28.3 million?

Through March 31, 2007 the funds were used as follows:

Distribution to investors (9.2% of claims)	$ 17,530,217
Litigation costs (lawyers, expert witnesses, forensic accountants, etc.)	$ 6,274,894
Steering Committee expenses	$ 1,626,361
Cash retained in the bank	$ 1,293,295
Pay Bill Cuthill as Trustee	$ 640,897
Pay Bill Cuthill as president	$ 535,797
Other costs of recovery	$ 355,760
Total	$28,257,221

Why was cash held in the bank and not distributed?

A reserve was kept in the bank to pay future costs of recovery and other administrative expenses.

Is the cash reserve earning interest?

Yes. It is invested in certificates of deposit and money market accounts earning between four and five percent per annum.

What will happen to the Crystal Graphite Corporation stock?

Crystal Graphite Corporation went into bankruptcy and a receiver was appointed in December 2005. Pending the outcome of the bankruptcy, the stock will be sold or distributed to approved claim holders or abandoned if it has no value.

How can I find out about Crystal Graphite Corporation?

Their web site on the Internet at: www.crystalgraphite.com, is no longer working. You can find out information at the receiver's web site by holding the control key on your computer down, while left-clicking your mouse on the following link http://www.pwc.com/brs-crystalgraphite.

What cases are still remaining?

The involuntary bankruptcy cases against Mr. Huggins, Mr. Knight and APAM are still pending. Mr. Huggins and Mr. Knight have settled with the Trustee. APAM has no assets, but has filed a lawsuit to recover fees paid to a law firm who represented Mr. Huggins and Mr. Knight in their criminal trials. Bill Cuthill has settled a suit he filed against Gray Robinson for paying over $500,000 in fees to themselves with money held in trust for Mr. Huggins for the benefit of Mataeka. Bill Cuthill filed a motion for sanctions against Gray Robinson and Peter Ginsberg PA, Knight's counsel, for over $671,000. This motion was tried in August and the Court has ordered sanctions of $300,000 against Gray Robinson. Peter Ginsberg has appealed the order for sanctions against Gray Robinson. The Court has not ruled as to sanctions against Peter Ginsberg PA. Bill Cuthill has requested trial dates in the Costa Rican case against Intrados S.A. and its principals, but the Court has not set them.

At the end of the litigation, when will the final distribution be made?

After collection of all amounts from the litigation, Bill Cuthill will propose a final plan of distribution, which will include payment of any unpaid costs of recovery. Once the Steering Committee approves the final plan of distribution, checks will be mailed to approved claim holders within thirty days.