EXHIBIT 10.48 [STONEHOUSE GRAPHICS LETTERHEAD] 29 March 2000 Colorsmart.com Fax 021 461 2287 Attention Reg Burrows. Dear Reg, I am prepared to extend the date of the agreement to the 15th May 2000, notwithstanding that Stonehouse Graphics is an...

                                                                  EXHIBIT 10.48

                       [STONEHOUSE GRAPHICS LETTERHEAD]


                                                                  29 March 2000


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Fax ▇▇▇ ▇▇▇ ▇▇▇▇

Attention Reg ▇▇▇▇▇▇▇.

Dear Reg,

I am prepared to extend the date of the agreement to the 15th May 2000,
notwithstanding that Stonehouse Graphics is an ongoing business and decisions
are being made on a daily basis. That ▇▇▇▇▇▇▇▇▇▇.▇▇▇ will accept the results
of these decisions.

Regards,


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