NetGain Development, Inc.

NetGain Development, Inc., a technology and Internet company, through its subsidiaries acts as an incubator by providing consulting services. The company sells audio and video systems, along with components, including home theatre systems, stereo systems and components, televisions, and DVD/VCR equipment through its Web site www.coolaudio.com. CoolAudio.com's distribution center is located in Charlottesville, VA, and its Web site attracts about 60,000 unique visitors per month. NTGN also holds minority positions in a number of Internet and technology companies comprising an Internet media and portal company, the operator of a portal and e-commerce site designed specifically for the Latin American population, a Spanish electronic greeting card site (eSaludo.com), and others. The company is based in New York, New York.