BELLWAVE CO

Founded in September 1999 and headquartered in Seoul, Bellwave Co. Ltd. has experienced phenomenal growth emerging as one of Asia's most successful and fasting growing companies. Offering affordable, high-quality wireless communication devices, Bellwave specializes in designing innovative, feature-rich mobile multimedia products including GSM mobile phones and CDMA wireless data modules. Well respected throughout the telecom industry, Bellwave has enjoyed strong revenue growth and high profits even as the world faced challenging economic conditions. In 2002 Bellwave surpassed USD 220 million in revenue and USD 23 million in net profit representing a 10-fold and 13-fold increase respectively over 2001. Bellwave is on target to significantly exceed those numbers in 2003