TransGlobalNet is a newly organized company that designs, develops, manufacturers and markets broadband wireless internet and mCommerce telecommunications systems which are capable of providing simultaneous data, voice, and video transmissions. The company’s mission is to accelerate the growth of the local multipoint distribution services (LMDS) by providing leading edge millimeter electronic spectrum technology. The technology provides rapid deployment of wireless communication services at low deployment and maintenance cost. This network  infrastructure for Electronic Commerce and Mobile Commerce will be accomplished by utilizing existing component technology. The Company intends to specialize in the millimeter portion of the electromagnetic spectrum (radio waves).

The Company’s management team has a broad base of wireless broadband experience in all facets of the communications Industry from development to marketing and sales. The most significant asset of our enterprise is its people. The Company and the Board of Advisors placed the highest importance on recruiting talented and experienced people in all areas: management, engineering, marketing, and sales. The high-productivity team will deliver solutions to the needs of the market.

The Company produces a low cost, high-quality local multipoint distribution service (LMDS) technology. LMDS is a new digital wireless, two-way broadband technology designed to allow network integrators and wireless communication service providers to quickly and inexpensively bring a range of strong value and superior services to homes and businesses worldwide. Each system consists of terrestrial and satellite air link components. The Company has access to hardware and software technology that will reduce latency at the subscriber level.

The Company has a proprietary relationship with its joint partners in Europe and Asia where the microwave power tubes (TWT) and TransGlobalNet systems are manufactured, assembled, tested, and shipped. The Company’s product can utilize the existing subscriber units used by cable television providers, which consist of an antenna and control box decoder.

The Company’s products can be used on a global basis in connection with xDSL, SONET-SDH, and ATM Technology which allows existing and new network infrastructures to be turned into high-speed, two-way data and voice networks, and has compatibility with WAP (Wireless Access Protocol) and 3rd Generation access methods that can deliver data packets to portable notebooks, pagers, personal digital assistants, and sub-compact computers.

The Telecommunications Industry is booming in the world as we move into the 21st Century. Telecommunication is the core of the Information Industry. According to Industry experts, the U.S. wireless communications market will grow to $210 billion by the year 2002 and at the same time the global wireless communication market will add another $440 billion. Wireless and Cable Voice Services Forecast that U.S. wireless subscribers will exceed  87 million by the year 2001 with the projected penetration rate of 45% of wireless subscribers compared to 20% of wireline messages lost to wireless. The total global level of trade in telecommunications services is expected to grow to $1 trillion dollars by the year 2001. The Company is well positioned in the global business and mass markets. The Company has the technological, off shore production, and marketing ability to position itself as the premier supplier of LMDS technology in the emerging world’s telecommunication markets. The Company has positioned itself to take advantage of the existing technology infrastructure, while at the same time leading the industry in support of the new technology in North America, Europe, and the Asian markets.

TransGlobalNet is competitively positioned in three distinct areas: first, the voice, data, video wireless broadband markets; second, the millimeter microwave  (LMDS) market; and third, the fast paced Internet Protocol convergence market.

The Company will employ an OEM sales force and leverage service providers in the appropriate markets. Contracts will be negotiated with payments based on milestones achieved. Deliverables may include professional services, training and on-going service level agreements. The Company’s sales contracts will be based on an irrevocable letter of credit within the Emerging Wireless Communications Markets.

The Company’s products are manufactured to our specifications by leading commercial electronics enterprises. The Company designs wireless broadband (LMDS) systems, but includes an R&D, technology and production joint venture with its partner while keeping headcount to a minimum while obtaining high-quality, experienced manufacturing facilities and procedures.

The Company has a dynamic, highly driven professional team focused on leveraging people’s strengths, cultural diversity, and the power of information. This team is well supported by a virtual organizational structure and a sound corporate philosophy. A balanced performance organization delivers superior end-user value. Our commitment generates attractive returns to the Company’s owners, along with personal growth opportunities and attractive stock options for employees, who are responsible for delivering superior value to the end-user.

The Company has projected financials for the following five years. These financials include components and systems. The Company has also projected head count and expense growth supporting the product plans.