GENERAL

Our business objective is to conceive, develop and commercialize innovative applications derived from our core technology through our wholly owned subsidiaries HTTP Software PLC ("Software"), HTTP Insights Ltd. ("Insights"), and a majority-owned subsidiary, Medicsight PLC ("Medicsight"). Software generates revenue from our systems integration business and is not currently active in developing new products or pursuing new customers. Insights owns our core technology, the Stochastic Perception Engine, part of which (data classification) is being used by Medicsight to commercialize a new technology in the medical field.

In April 2000, we acquired Radical...