Business Development.

On July 13, 1999, we were incorporated in the State of Nevada under the name "Prestige Jewelry, Inc." and on February 4, 2002 our name was changed to "The Prestige Group.Net, Inc." Effective April 8, 2003, we changed our state of domicile to Delaware. We sometimes refer to our company in this Annual Report as the "Company".

On July 16, 2002, Ashford Capital LLC, a California limited liability company ("Ashford"), sold 2,660,000 shares of our common stock to Airline Communications, Ltd., a Nevada corporation ("Airline"). This stock represented 60.92% of the total issued and outstanding common stock of the Company and constituted a...