The group's principal activity is to manage trading portfolio of common stock, renting the real estate property in bloomfield, ct. The group is also involved in activities surrounding the proposed acquisition of cctv, including the monitoring of its operations, and general corporate and administrative functions. The group has an indirect investment in zao cctv, a moscow Russia based provider of cable television, high speed data transmission and Internet access services. The group also has investments in the common stocks of financial institutions, primarily through the subscription for shares of the common stocks of mutual savings banks as part of their demutualization process. On 24-Feb-2004, it acquired zao comcor-TV.
