GENERAL BUSINESS DEVELOPMENT

The Company, which was formerly known as HDL Communications, was incorporated in California in October 1985. The Company was engaged in the publishing business until June 1989, when it acquired Biker's Dream, Inc., a California corporation engaged in the sales and service of used Harley-Davidson motorcycles. Prior to its acquisition of Biker's Dream, Inc., the Company effected a 1 for 1,363.341473 reverse split of its outstanding Common Stock. After the acquisition, Biker's Dream, Inc. was merged into HDL Communications and HDL Communications changed its name to Bikers Dream, Inc. For accounting purposes, Biker's Dream, Inc. is considered to be the...