(a) Business Development.

The Company is in the business of providing travel bookings, timeshare rentals and vacation package sales. Celtic Cross Ltd. was formed on February 25, 2004 as a "For Profit" corporation for the purpose of acquiring the timeshare entities discussed herein, and additional like entities going forward, including a full sales and service Internet Celtic Cross Travel website. Our website is currently under construction and is estimated to be completed in the fourth quarter of 2006. A substantial amount of work has been completed on the Company's website, which can be viewed at www.celticcrosstravel.com. The website offers rental accommodations in...