On January 23, 2007, we closed a share exchange transaction pursuant to which we became the 100% parent of Times Manufacture & E-Commerce Corporation Limited, a British Virgin Islands corporation (“Times Manufacture”) and assumed the operations of Times Manufacture and its subsidiaries.

Times Manufacture was founded in January 2002 and is based in Hong Kong.  Times Manufacture has the following subsidiaries:

TME Enterprise Ltd.
Citibond Design Ltd.
Megamooch Online Ltd.
Billon Win International Enterprise Ltd.
Goldcome Industrial Ltd.Citibond Industrial Ltd.
Megamooch International Ltd.