Dear ...

Thank you for taking the time to submit a thorough proposal to our organization.
Our management team was impressed with the quality of your proposal and portfolio.

We apologize due to several considerations, we are not be able to accept your

proposal and further our engagement yet.

We appreciate the time and effort that your team had dedicated to us, and we look
forward to the possibility of working together at some time in the future.
I wish you and your Company nothing but success in the future, and again thank you.

Please feel free to contact us in the future if you have ideas or new technology
that may benefit both of our companies and/or should we may help you specifically
on taxation matters.