Please wait
Exhibit
(a)(1)(F)
RED
OAK CAPITAL PARTNERS, LLC
145
Fourth Avenue, Suite 15A
New
York,
NY 10003
July
23,
2007
Dear
Shareholder of Proginet Corporation:
We
are
acting as the information agent for a tender offer by Red Oak Fund, L.P. to
purchase up to 1,500,000 shares of Proginet’s common stock at a price of $1.65
per share. You are receiving this letter and the enclosed materials
because records indicate that you hold shares of Proginet Corporation in “street
name.”
The
enclosed materials describe the terms and conditions of Red Oak Fund, L.P.’s
offer. We believe that this represents an attractive opportunity to
sell shares in Proginet at a price exceeding that which has been available
in
the market prior to the offer. If you are interested in selling some
or all of the Proginet stock which you own, please contact your
broker.
Because
you hold your shares in “street name” and do not have certificates for your
shares, this means that a brokerage firm or other intermediary is holding the
shares on your behalf. That intermediary or broker must assist you to
tender your shares if you wish to do so. Therefore if you wish to
sell any of your shares in Proginet Corporation in the offer, please contact
your broker as soon as possible.
The
offer
to purchase expires August 17, 2007. If you have questions which your
broker cannot answer, you may call the Information Agent, Red Oak Capital
Partners, LLC at 212 614 8952.
Very
truly yours,
RED
OAK
CAPITAL PARTNERS, LLC
as
Information Agent