DESCRIPTION OF BUSINESS

PRINCIPAL ACTIVITIES

The principal activities of the Group are the marketing and support of computer application software and wholesale and retail merchandising of various products.

The Group’s operations are managed in two divisions, being the IT and Related Services Division and the Green Technology Products Division.

The IT and Related Services division comprises Cognito Software Limited and Integrated Publishing Systems Limited who are involved in the marketing and support of Legal and Publishing computer application software respectively.
 
The Green Technology Products Division comprises UTN Solutions (North) Limited who is involved in the wholesale and retail merchandising of electric bicycles, energy saving lamps, educational electronic kits and stackable plastic plant containers.
 
The three principal subsidiary undertakings are all wholly owned and were incorporated in England and Wales and trade in the UK.

On 1 March 2008 the trade of Integrated Publishing Systems (“IPS”) was transferred to UTN Solutions (North) to reduce administration costs. IPS will continue to be reported within the IT and related services division.