January 14, 2002

  Peter Urs Bender
  108-150 Palmdale Drive
  Toronto, Ontario
  M1T 3M7

  Dear Peter,

  The first time you told me about your new book "Gutfeeling" I nearly fell of my
  bike! Maybe I'm working out too hard at the Fitness Institute, I thought.

  But after thinking about it, I have to agree with you. All good business decisions
  have to be based on logic and reason. But there is another factor. Intuition ----
  what you call "gut feeling".

  At W.K. Buckley Limited, we are no different. Our Management Committee looks at  
  new opportunities, analyzes them, and reflects on them. Then we vote. Reflecting
  on the analyses is one of the most important part of the process. It gives us time
  to have sober second thoughts, and to listen to our inner feelings.

  Browsing through your new book, I must say you have some good simple advice on  
  how to increase one's ability to listen to one's 'gut feelings'.

  Peter, I wish you all the best with your new book and look forward to biking with
  you soon again!

  Frank C. Buckley
  Chairman, W.K. Buckley limited