PEC Israel Economic Corporation

As of February 12, 2002, PEC Israel Economic Corporation went out of business. PEC Israel Economic Corporation and its subsidiaries were engaged in the organization, acquisition of equity interests in, financing, and participation in the management of companies, primarily companies which were Israel-related or located in the State of Israel. It was involved in a variety of companies engaged in various fields of business, including telecommunications and technology, manufacturing, real estate, retailing, shipping, and consumer products. PEC Israel Economic Corporation is based in New York, New York.