Advertising Screenshots

EXHIBIT 10.20


DUNCAN, BLUM & ASSOCIATES
ATTORNEYS AT LAW
cduncan@sprintmail.com


Carl N. Duncan David E. Blum 5718 Tanglewood Drive 1863 Kalorama Road, N.W. Bethesda, Maryland 20817 Washington, D.C. 20009 (301) 263-0200 (202) 232-6220 (301) 263-0300 (Fax) 232-7891 (Fax)
July 10, 2001


HAND-DELIVERED


Barry Summer, Assistant Director Division of Corporation Finance U.S. Securities and Exchange Commission Washington, D.C. 20549


Re: BioQuest International, Inc. ("BioQuest")
Registration by Coordination
File No. 333-46666: Solicitation Materials


Dear Mr. Summer:


In conjunction with the BioQuest offering, attached are materials BioQuest proposes to use to get prospective investors to its IPO website (www.bioquestipo.com) once its Registration Statement is declared effective. In conjunction with these materials, please note:


(1) See the attached DPO Marketing/Advertising-Plan of Distribution
Memorandum and associated Exhibits A-F, including the CD-ROM Exhibit F
flash presentation, prepared by Mr. Pete Ewens, Chairman of BioQuest.


(2) Recognizing the pertinent Section 5, Rule 134 sale harbor and pertinent
SEC releases (including the analytical litmus test of comparing
electronic communications to paper), we believe these materials fully
comport with both the letter and spirit of such authority.


(3) Recognizing as well the staff's concerns that an Internet-driven,
self-underwritten Dutch Auction may be susceptible to appropriate
investor protections, we have sought to present cohesively BioQuest's
contemplated solicitation materials.


(4) You should know that, given the dramatic recent changes on the
Internet, including pricing mechanisms, these materials have undergone
dramatic revisions over the past two weeks.


(5) To facilitate your review of these materials and to more expeditiously
give you comfort on these issues, we would urge you to take us up on
our offer to have Mr. Ewens give you a "tour" through these materials.


Especially since I am currently scheduled to depart tomorrow for a high school graduation gift with my son, please call Mr. Ewens directly at 703.764.4464.


As you know, the Registration Statement was originally filed September 26, 2000. Since it now appears that we are finally addressing the particulars of the BioQuest self-underwritten, 1,000,000 share all-or-nothing Dutch Offering on the merits, we trust that we will be receiving your input over the next 10 days or so.


We welcome your assistance in developing a model that is sensitive to investor protections while facilitating this alternative distribution process. In that context, please feel free to set up the meeting with Mr. Ewens in your office if you would find productive. In any event, Mr. Ewens will be contacting you next week to address these issues.


Very truly yours,


/s/ Carl N. Duncan
Carl N. Duncan


Enclosures


BioQuest International, Inc.
Direct Public Offering
Marketing/Advertising - Plan of Distribution


The technology BioQuest has licensed will facilitate the registration of potential investors, review of the prospectus and the bidding process of our Direct Public Offering (DPO) and is therefore, an extremely important element in contributing to the achievement of a successful offering. However, in order for that technology to become effective, we must begin by driving potential investors to our website, www.bioquestipo.com. We have constructed a carefully planned series of comprehensive online marketing/advertising strategies created to insure that we will attract an adequate number of potential investors to the site, which in turn will give us the requisite number of investors to achieve a successful offering.


We have made certain initial assumptions in calculating the process ratios, after a careful study and evaluation of similar online strategies employed within the same or like venues. We have also done extensive research to identify our target market/audience through demographic/psychographic profiling. As a result, we have devised a highly specific market segmentation within which we will concentrate our primary testing and evaluation of advertising strategies.


Once we have been declared effective, we will begin preliminary market testing, using a variety of media tactics and messages in order to ascertain the effectiveness of each, within the various websites we have selected to advertise on. We will test, track, analyze and optimize to achieve the most efficient and effective use of our marketing dollars.


The investor public, in the process of being invited to view our prospectus, and to bid on shares of our stock, will see a variety of messages which will induce them to visit our site, www.bioquestipo.com. These general areas are:


o Banner Ads.


Banner ads will be placed on hundreds of site within the market segments we
have identified. They include the following categories:


>> Finance/Investor
>> Active/Day Trader
>> Health/Alternative Health
>> Social/Cultural Activist
>> Auction Activist
>> Medical Doctor/Practitioner


Representative copy of Banner Ads is provided in Exhibit A, or by viewing
at: http://www.edezigns.net/testing/display.html.


o Email Messages.


Email campaigns will be sent to highly targeted lists of potential
investors that match our demographic profile. These lists will be
purchased/rented from various sites and companies.


Email copy or messages will be tailored to each individual group of
potential investors according to their perceived interests. Representative
copy/text for Email is provided in Exhibit B.


o BatOutOfHealth.com.


Our website, batoutofhealth.com will, upon our being declared effective, be
accessible to potential investors, as well as non-investors, who will
become members of the BioQuest community, and will want to register on this
site to do so. Potential investors may come to the batoutofhealth.com site
first, where they will have an opportunity to link directly to the
bioquestipo.com website for the purposes of registering, reviewing the
prospectus and bidding on shares of common stock in the company.


This website is currently undergoing some creative redesign changes. We
have provided, however, the content, which will be placed on the site,
through Exhibit C. You may also view the site, in development, at:
____________________.


10.20-2


o www.bioquestipo.com.


All content for this site has been submitted to the SEC as part of our
Pre-effective Amendment.


o Print Ads.


Currently we have only one (1) print ad committed for insertion and
publication. A copy of that ad is contained in Exhibit D. This ad was
placed in Alternative Medicine and will appear in the September 2001 issue
of the magazine.


o Press Releases.


We are in the draft development stage for various press releases, which
will be sent out, upon our being declared effective. The first release is
contained in Exhibit E.


o Flash Presentation.


We have developed a flash presentation, which may be used in conjunction
with a rich-media email campaign, as well as providing the opening to our
batoutofhealth.com website. Please see the CD-ROM provided as Exhibit F.


We therefore believe that everything contained within our DPO marketing
campaign that a prospective investor will see, both online and offline
comports to Rule 134.


10.20-3
EXHIBIT A


Banner Ad 1: First View --------------------------------------------------- | $ [$ moves accross ad] [Graphic of| | Wall Street] | | --------------------------------------------------- | Alternative Medicine | ---------------------------------------------------


Banner Ad 1: Second View --------------------------------------------------- | [Graphic of| | BID ON IPO SHARES! Wall Street] | | --------------------------------------------------- | Alternative Medicine | ---------------------------------------------------


Banner Ad 2: First View --------------------------------------------------- [Graphic | |of pills] | | TURN THESE | | | --------------------------------------------------- | Experience Natures Healing Power | ---------------------------------------------------


Banner Ad 2: Second View --------------------------------------------------- [Graphic | |of $100 INTO THESE | |bills] | --------------------------------------------------- | Click Now for More Information! | ---------------------------------------------------


Banner Ad 3: First View --------------------------------------------------- | [Graphic of Stock| | Invest In BioQuest! Exchange| | Board] --------------------------------------------------- |$$$$$$$$ Don't Miss Out, Click Here Now $$$$$$$$$| ---------------------------------------------------


Banner Ad 3: Second View --------------------------------------------------- | [Graphic of| | Your First IPO! News Paper| | Stock Quotes] --------------------------------------------------- |$$$$$$$$ Don't Miss Out, Click Here Now $$$$$$$$$| ---------------------------------------------------


Banner Ad 4: First View --------------------------------------------------------- | [Graphic $100 Bill in Background] | | | |This is your chance to get in on the ground floor of an| | Online Investment Opportunity | ---------------------------------------------------------


Banner Ad 4: Second View --------------------------------------------------------- | [Graphic $100 Bill in Background] | ----- ----- |Click| INTERESTED? |Click| |Here!| |Here!| ----- ----- ---------------------------------------------------------


10.20-4


Banner Ad 5: First View --------------------------------------------------- | Click Here | | Ready to Make Your [Graphic of| | Move On Wall Street? People Walking| | Along Wall St.] ---------------------------------------------------


Banner Ad 5: Second View --------------------------------------------------- | Click Here | | Have We Got an [Graphic of| | Opportunity for You! People Walking| | Along Wall St.] ---------------------------------------------------


Banner Ad 6: First View --------------------------------------------------- | [Graphic of| | World's First Online Newspaper| | Dutch Auction DPO Stock Quotes| | | ---------------------------------------------------


Banner Ad 6: Second View --------------------------------------------------- | | ----- ----- |Click| BID NOW! |Click| |Here!| |Here!| ----- ----- ---------------------------------------------------


Banner Ad 7: First View --------------------------------------------------- | [Graphic of| | Ready for Your First Woman with | | Online Investment? Laptop ] | | ---------------------------------------------------


Banner Ad 7: Second View --------------------------------------------------- | [Graphic of| |----- Woman with | |Click| Have We Got an Laptop ] |Here | Opportunity for You! | |----- | ---------------------------------------------------


Banner Ad 8: First View --------------------------------------------------- [Graphic of | |pills in a Alternative Medicine | |Hand] | | | ---------------------------------------------------


Banner Ad 8: Second View --------------------------------------------------- [Graphic ----- |vignette Means $ for You |Click| |of Money] |Here!| | ------| ---------------------------------------------------


10.20-5


Banner Ad 9: First View --------------------------------------------------- | [Graphic of| |------ THE WORLD'S FIRST ONLINE Businessman| |Click| DUTCH AUCTION DPO On Cell Phone| | Now | | ---------------------------------------------------


Banner Ad 9: Second View --------------------------------------------------- | [Graphic of| | DON'T MISS IT! Businessman| | On cell phone] | | ---------------------------------------------------


Banner Ad 10: First View --------------------------------------------------- | Don't Miss Your Chance for Success! [Graphic of| | Accupuncture] | Alternative Medicine IPO | | | ---------------------------------------------------


Banner Ad 10: Second View --------------------------------------------------- ----- ----- |Click| BUY NOW! |Click| |Here!| |Here!| ----- ----- ---------------------------------------------------


Banner Ad 11: First View --------------------------------------------------- | [Graphic of| | Would Like to Invest in the Woman getting| | BioQuest On-Line IPO? a sonogram] | | ---------------------------------------------------


Banner Ad 11: Second View --------------------------------------------------- ----- ----- |Click| BUY NOW! |Click| |Here!| |Here!| ----- ----- ---------------------------------------------------


Banner Ad 12: First View --------------------------------------------------- [Multiple | |Types of | |Currency Want shares in an IPO? | |Coming out | |of walle] | ---------------------------------------------------


Banner Ad 12: Second View --------------------------------------------------- [Multiple | |Types of ------| |Currency Buy Them Now! |Click| |Coming out |Here | |of walle] ------| ---------------------------------------------------


10.20-6
EXHIBIT B


BioQuest International E-mail Ad Message Concepts
Residual Message by Target Category


1. ----------------------------------------------
Healthcare Enthusiast
----------------------------------------------
Subject Lines(may include IPO after):
------------------------------------
*Life or Death
*Going Beyond the System
*Stiff White Coats
*A Time of Promise
*Non-toxic Healthcare


----------------------------------------------


2. ---------------------------------------------
Online Investor
---------------------------------------------
Subject Lines(may include IPO after):
------------------------------------
*Healthcare Dutch-Auction
*Hardcore Healthcare
*A Long-Anticipated Moment-
*The Whole World is Watching
*People, Planet, Profits


---------------------------------------------


3. ---------------------------------------------
HC/Medical Practitioner
---------------------------------------------
Subject Lines(may include IPO after):
------------------------------------
*Breaking The Silence
*Civil Disobedience
*Leaning Forward
*Silence About What Matters
*Ecological Medicine
---------------------------------------------


4. ----------------------------------------------
Auction Enthusiast
----------------------------------------------
Subject Lines(may include IPO after):
------------------------------------
*A Stroke of Genius
*Beyond the Familiar
*Almost Unbearably New
*Dutch-Auction IPO
*At the Edge of History
----------------------------------------------


5. ----------------------------------------------
Message Copy HE1:


ALTERNATIVE MEDICINE - IPO


THE FASTEST GROWING SEGMENT OF THE
HEALTHCARE INDUSTRY.


Learn more about the World's first
self-underwritten direct public offering
using Dutch-Auction technology and the
innovative healthcare provider that is
leading the way.


ARE YOU READY TO TAKE THE FUTURE OF
HEALTHCARE INTO YOUR OWN HANDS?
----------------------------------------------


10.20-7


6. ---------------------------------------------
Message Copy OI1:


1ST TO MARKET - INITIAL PUBLIC OFFERING


FINALLY --LET THE INVESTOR DETERMINE THE
MARKET VALUE?


Learn more about the World's first
self-underwritten direct public offering
using Dutch-Auction technology and an
innovative healthcare company that is
leading the way.


ARE YOU READY FOR THE "TRIPLE* BOTTOM LINE"?


*PEOPLE, PLANET, PROFITS
---------------------------------------------


7. ---------------------------------------------
Message Copy MP1:


INNOVATIVE - DUTCH AUCTION - IPO


INTEGRATIVE MEDICINE-
ONE OF THE FASTEST GROWING SEGMENTS OF THE
HEALTHCARE INDUSTRY


Learn more about the World's first
self-underwritten direct public offering
using Dutch-Auction technology and an
innovative healthcare provider organization
that is leading the way.


ARE YOU AN "EARLY ADAPTOR"?


ARE YOU READY TO "GO BEYOND THE SYSTEM"?


---------------------------------------------


8. ----------------------------------------------
Message Copy AE1:


DUTCH AUCTION INITIAL PUBLIC OFFERING


YOU'VE NEVER SEEN AN AUCTION SITE LIKE THIS
BEFORE!


Learn more about the World's first
self-underwritten direct public offering
using Dutch-Auction technology and an
innovative healthcare company that is
leading the way.


ARE YOU QUALIFIED TO BID?
----------------------------------------------


--------------------------------------------------------------------------------
All e-mail messages will include the following links:


*Click here to invest in BioQuest
*Click here to forward this offer to a friend.
*To unsubscribe, click here.
*Have questions or feedback?
*E-mail info@batoutofhealth.com.
*Click here to learn more about BioQuest International. --------------------------------------------------------------------------------


--------------------------------------------------------------------------------


All e-mail messages will include the following disclosure:


For more complete information about BioQuest International including charges and expenses you may review or obtain a prospectus at http://www.BioQuestIPO.com.


Please read it carefully before you invest.


--------------------------------------------------------------------------------


10.20-8


EXHIBIT C | | -------------------------------------------------------------------------------- [BioQuest Logo]


-------------------------------------------------------------------------------- | | | | When the student is ready... | | ... The teacher will appear. | | [Graphic Button: | | Circle with Male | | and Female Doctors] | | | | [Graphic Button: | | Circle with Handshake] | | | | [Graphic Button: | | Circle with | | Woman meditating] | | | | [Graphic, stylized | | figure with arms reaching | | up towards the circles.] | | | | Welcome -------------------------------------------------------------------------------- | | BioQuest | | Direct Public Offering BAT OUT OF HEALTH > | | Click Here --------------------------------------------------------------------------------


10.20-9


| | -------------------------------------------------------------------------------- [BioQuest Logo]


-------------------------------------------------------------------------------- | | | | When the student is ready... | | ... The teacher will appear. | | [Graphic Button: | | Circle with Male | | and Female Doctors ] | | | | [Graphic Button: | | Circle with Handshake] | | | | Enter | | [Graphic Button: | | Empty Circle] | | | | students/consumers [Graphic, stylized | | figure with arms reaching | | up towards the circles.] | | | | Welcome -------------------------------------------------------------------------------- | | BioQuest | | Direct Public Offering BAT OUT OF HEALTH > | | Click Here --------------------------------------------------------------------------------


10.20-10


| | -------------------------------------------------------------------------------- [BioQuest Logo]


-------------------------------------------------------------------------------- | | | | When the student is ready... | | ... The teacher will appear. | | Enter | | [Graphic Button: | | Empty Circle] | | | | [Graphic Button: | | Circle with Handshake] | | | | [Graphic Button: | | Circle with | | Woman meditating] | | | | ...