Press Release

Update on Index Trade (Pangaea Holdings)

November 13, 2002

 St. John’s, ANTIGUA

 The Directorate of Offshore Gaming has received confirmation from Pangaea Holdings that it does not intend to continue operations. As such, the company is now closed.

Persons with balances on their accounts can contact the Directorate for further information, should it be required.
http://www.antiguagaming.gov.ag/complaints.asp or complaints@antiguagaming.gov.ag

 Full contact details for the Directorate are listed below:

Ronald Maginley
Director

 The Directorate of Offshore Gaming
Mutual Financial Center
Suite 216
P.O. Box 588
St. John’s, Antigua
Tel: (268) 481-3300
Fax: (268) 481-3305