GENERAL

Reward Enterprises Inc. (the "Company") was incorporated under the laws of the State of Nevada on December 12, 1997, as Sports Entertainment Productions, Inc. to engage in the business of Internet entertainment, including gaming. In July 1998, the Company changed its name to Reward Enterprises Inc.

On August 15, 2001, the Company discontinued its plan of operating a virtual casino website as a result of the shareholder approval of the acquisition of Q Presents Inc., a private California based company which intended to provide localized and web based custom event registration and automation...