Colmena Corp.
                            A publicly held Delaware
                                   corporation
                              (Stock Symbol "CLME")

                               www.colmenacorp.com

Anthony Q. Joffe
President & Chief Executive Officer

Vanessa H. Lindsey
Vice President, Secretary & Chief Administrative Officer

Adam Wasserman
Treasurer & Chief Financial Officer

Anthony Q. Joffe; Edward C. Dmytryk,
Lawrence R. Van Etten;  Vanessa H. Lindsey; Robert S. Gigliotti
-----------------
Board of Directors


                       Administrative & Executive Offices

                               101 SW 11th Avenue
                            Boca Raton, Florida 33486
                    (561) 392-6010 email: joffe@bellsouth.net


                                December 17, 2003

Mr. Jeff Foss, CEO
National ComTel Network Inc.
18340 Ventura Blvd., Suite 218
Tarzana, CA 91357

By facsimile transmission to 818-776-9770

         Re:      Update of Potential Reorganization with Colmena Corp.

Dear Mr. Foss:

     This letter  updates and confirms the status of  negotiations  concerning a
proposed  transaction between Colmena Corp., a Delaware corporation with a class
of securities  registered under Section 12(g) of the Securities  Exchange Act of
1934, as amended ("Colmena" and the "Exchange Act," respectively),  and National
ComTel Network Inc. ("National ComTel"),  a corporation  organized and operating
under the laws of the State of California,  as set forth in the letter of intent
we signed in October 2003 and which was filed with the  Securities  and Exchange
Commission (the "Letter of Intent" and the "Commission," respectively).

     The Letter of Intent  with  National  ComTel  remains  non-exclusive  since
Colmena may be negotiating a potential  reorganization  with other  companies as
well.  In the  event  that  Colmena  and  National  ComTel  sign the  definitive
agreements  contemplated  by  the  Letter  of  Intent,  however,   Colmena  will
immediately withdraw from further negotiations with any other companies.

     After a lengthy  discussion,  Colmena and National  ComTel have  reaffirmed
their commitment to entering into the  reorganization  on the terms set forth in
the Letter of Intent.  Because of the recent serious  environmental  problems in
California  (wildfires,  mudslides and so forth) that temporarily disrupted your
business,  as well as unanticipated  delays relating to the transfer of your SBA
loan,  the target  dates set forth in the Letter of Intent can no longer be met.
Accordingly,  we  have  agreed  to use our  best  efforts  to sign a  definitive
reorganization  agreement  by early  February  2004 and to close on the proposed
transaction  by the end of the  first  quarter  2004.  Other  than as set  forth
herein, the terms of the Letter of Intent remain unchanged.

     Please  indicate your  concurrence  with the foregoing by signing a copy of
this letter in the space  indicated  below,  and  thereafter  transmitting  such
executed  copy to us by  facsimile.  Colmena will then promptly file this letter
with the Commission as an exhibit to a report on Form 8-K.

<PAGE>

     We look forward to successfully concluding the contemplated  reorganization
with National ComTel.


                                Very truly yours,

                                  COLMENA CORP.

                              /s/ Anthony Q. Joffe

                                Anthony Q. Joffe
                                    President



      The foregoing is hereby accepted, as of the date first above written

             National ComTel Network Inc. and its Securities Holders



                           By: /s/ Jeff Foss
                                    Jeff Foss
  President and authorized representative for all of the securities holders of
                          National ComTel Network Inc.



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