<PAGE>   1
                                                                  EXHIBIT 10(ii)

                                 PROMISSORY NOTE



$315,000                                                       February 14, 2001



         FOR VALUE RECEIVED, IntelliReady, Inc and its wholly owned subsidiary,
IntelliReady of Colorado, Inc., both Colorado Corporations (hereinafter,
collectively referred as the "Borrower") promise to pay to the order of First
Western Industries, LLC d/b/a New West Holdings, LLC, a Colorado entity,
(hereinafter, "Lender") at Lender's offices at 5567 S. Perry Park Road, Sedalia,
CO, 80135, or at such other place as the holder of this Note may from time to
time designate, in lawful money of the United States of America, the principal
sum of Three Hundred, Fifteen Thousand Dollars ($315,000). This amount reflects
the monies transferred from Lender and/or its subsidiaries, to Borrower, through
February 14, 2001, which the parties agreed were loans to Borrower. These
amounts are detailed in Exhibit A attached. The following terms shall apply to
this Note.

                  1. INTEREST RATE. For the period from the date of this Note
         until the date on which the entire principal balance outstanding is
         paid in full, interest shall accrue on the principal balance from time
         to time outstanding at ten percent (10%).

                  2. REPAYMENT. Interest accrued hereunder on the outstanding
         principal amount shall be paid annually in arrears, beginning on
         February 1, 2002, or earlier with repayment of the entire amount of
         principal. The entire amount of principal outstanding, together with
         all accrued unpaid interest thereon at the rates hereinabove specified,
         shall be paid on demand of the Lender. In the event that Borrower shall
         successfully complete an equity raise whether by a Regulation D private
         placement, a public offering or through a merger or acquisition of an
         existing entity with more than $1,000,000 of unrestricted cash,
         Borrower shall immediately repay the entire principle balance and
         accrued interest on this Note.

         IntelliReady, Inc. and IntelliReady of Colorado, Inc. acknowledge that
         they have joint and several liability.

         This Promissory Note is entered into this 22nd day of March 2001 to be
         effective the 14th day of February 2001.

                                               Lender:

                                               New West Holdings, LLC


                                               ----------------------------
                                               Thomas J. Wiens, CEO


                                               Borrower:

                                               IntelliReady, Inc.


                                               ---------------------------
                                               Scott Campbell, CEO


                                               IntelliReady of Colorado, Inc.


                                               ---------------------------
                                               Scott Campbell, CEO


<PAGE>   2
                                                                  EXHIBIT 10(ii)

EXHIBIT A
PROMISSORY NOTE - AMOUNTS BORROWED


<TABLE>
<CAPTION>
                                              AMOUNT
                       DATE                  BORROWED
                       ----                 ----------
<S>                                         <C>
                    June 22, 2000           $    5,000
                 January 16, 2001                5,000
                 January 16, 2001              111,240
                 January 18, 2001               32,000
                 January 19, 2001               20,000
                 January 22, 2001               17,500
                 January 31, 2001                7,000
                 February 2, 2001                5,000
                 February 5, 2001                  500
                February 13, 2001               67,636
                February 14, 2001               44,124
                                            ----------
                                            $  315,000
                                            ==========
</TABLE>