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References, Testimonials, Credentials, Trackrecord

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U.S. Senate

January 19, 1990

Dr. Peter J. Palms IV

Thanks for the summary of the findings made during your recent trip to the Soviet Union. They confirmed much of what I had understood to be the case. The Soviet Economy is in shambles.

I agree with you that, while some form of aid is necessary, we would be wasting our scarce tax dollars by simply sending the Soviets cash grants.

Sincerely

Slade Gorton

United States Senator ___________________________________________________________________________

FROM NEWT GINGRICH

November 30, 1992

Dear Peter

I wish you the best of luck in your efforts to help U.S. companies in Russia.

If I can be of assistance in this regard, please let me know.

I wish you much success.

Newt Gingrich

House of Representatives

Congress of the United States

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Ministry of Food Industry - Republic of Armenia

February 1, 1992

To. U.S. Deputy Secretary of State Eagleburger

We need the help of Palms & Company, Inc. to complete joint projects for improving the food processing industry. They have spent more than one year contributing such technical experience and we trust them.

Sedrak M. Sedrakyan

Ministry of Food Industry of Republic of Armenia.

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From: General Motors Corporation - FSU Operations

May 25, 1993

Dr. Palms

I will be traveling to the Russian Federation from June 1 - June 11 and would welcome the opportunity to meet with you and your staff or potential dealer candidates that you may have identified. In the meantime, please call so that we might dicuss these matters further. I look forward to talking with you soon

Best regards .............

Area Manager _______________________________________________________________________

From Eduard Shevardnadze Prime Minister, Soviet Union

Dear Dr. Palms

I wish to thank you for your cooperation in promoting efforts for the Soviet Union. I can assure you that you will enjoy political and administrative support here. Ambassador Tarasenko has been entrusted to discuss and coordinate with you and those you have invited to participate.

We are looking forward to more cooperation with you.

Sincerely

Eduard Shevardnadze

Prime Minister of The Union of Soviet Socialistic Republics

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European Bank for Reconstruction & Development

30 September 1993

Dear Dr. Palms

Let me say how much I enjoyed our private meeting in Amsterdam and meeting a real entrepreneur with in depth hands on experience from investing in Russia. Your experience is unique and valuable.

The "Debt for Equity" swaps mentioned in your letter and discussed between yourself and the "London Club" represented by Deutsche Bank could in the future be of interest to us on a case-by-case basis.

Potential cooperation between us could be started out on a practical level. For example, when EBRD identifies investment opportunities in Russia, we could send you a summary. You could then explore with your network their interest.

Please let me know if this is of interest to you.

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Vostokinvestbank - Vladivostok 1992

Dear Sirs:

Palms & Company has on deposit in their account in joint stock commercial bank "Vostokinvestbank" fax 7-4232-25-66-00 unencumbered 9 digit balances. We are prepared to transfer such balances by wire to any bank in Russia on an unrestricted basis in accordance with their instructions.

Our experience with Palms & Company is completely satisfactory. In case they receive permission of the Central Bank of Russia to convert rubles into dollars and vice versa there will be no legal restrictions for them to deliver 10 or 11 digit sums if evidence of payment ability in exchange is demonstrated,

S.A. Ludvik

Vice-Pesident

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President of Karakalpakstan, Uzbekistan

April 1, 1992

Dear Pyotr Palms

With great and deep satisfaction I have received news about possibility to take part. As I learned this invitation become to be possible because of your help. I would like to say one more time thank you very much to Mr. Peter Palms for making possible to show Karakalpakstan to the United States of America

With deep respect to you

President of Government of Karakalpakstan

D. Shamshetov

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From: COMMANDER IN CHIEF - GENERAL STAFF - SOVIET ARMY

11 January 1991

We hereby give blanket permission for Dr. Peter Palms to travel within all closed miltary security areas of the Soviet Union.

G. Krivoshjev Zamestilek Nachalnika

Generalnogo General-Polkovnik

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