PenZ Co., Ltd. is a human-oriented computer input device specialty enterprise that was established in October 2002. PenZ Co., Ltd. manufactures and exports input device for PCs under its own brand name and on an OEM basis. Our main product is the Optical PenMouse, under the brand name PenZ [penzi:]. Since we started our business, we have always focused our investments on developing pen input devices that apply optical technologies. Our accumulated experience and innovative technology guarantee the highest-quality products at very competitive prices. Our excellent products have enabled us to acquire various certifications, such as CE (for E.U.), FCC (for U.S.A.) and MIC (for Korea). In addition, we have registered our connection technology, which is protected by a patent (2004). In 2002, we were awarded the Venture Design prize by the Korea Institute of Design Promotion. This product design has been registered and protected by a patent (2003). We are currently planning to develop a wireless digital pen using Bluetooth technology. This product is intended for use in PCs, PDAs, smart phones, mobile equipment, etc. PenZ is a new input device concept made especially for PCs. PenZ functions both as an optical mouse and a pen device. PenZ gives greater comfort to the user than the ordinary mouse does because it does not require the twisting of the arm. In 2003, PenZ Co., Ltd. registered a capital stock of USD 165,000.00 and annual revenues of around USD 56,000.00. Sales are expected to exceed the 7~8 million dollar mark by 2005. By the end of 2004, the total number of employees will increase from 3 to 12. We are very happy to have this opportunity to offer you our high-quality products. We look forward to establishing a mutually beneficial relationship with you.