The current status of the issues for EISL are:

1. The "new" EISL has now been set up under under ECT Investments Inc.

Details as follows:

Date of incorporation : 21 August 2000
Company Number : 4056188
Directors  : Mark Evans  ) 10 November 2000
    Michael Brown  ) 10 November 2000
    Shane Dallmann ) 13 November 2000
    James Derrick  ) 13 November 2000
    John Sherriff  ) 13 November 2000
    Paul Chivers  ) 13 November 2000
    Fernley Dyson  ) 13 November 2000
Secretary  : Sue Kelly  ) 10 November 2000



2. Agency agreement - I now have comments on the agency agreement from 
everyone which have been incorporated in the FINAL draft below.  Please let 
me know as soon as possible if you have any comments - Otherwise I will 
execute the agreement on Wednesday.

 
If there are any other outstanding issues then please let me know.

Please call me on 34982 if you have any questions.

Regards
Mahesh