PROVO

Provo (www.provo.com.mx), a Mexican corporation, maintains a dominant position within the prepaid calling card and cellular phone airtime markets in Mexico. Provo is currently anticipating expanding its existing services to the continental United States, and intends to begin marketing cash cards, payroll cards and other forms of payroll and money transfers in the near future. Provo and its affiliates have been in operation for over seven years, and had combined reported (unaudited) revenue in 2002 of approximately $100 million, with operating profits of approximately $800,000.