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WorldWide Web NetworX Corporation is a holding company that enters into
joint ventures with or acquires ownership interests in off-line
business-to-business companies in order to migrate the traditional business
transactions of those companies onto the Internet and new
business-to-business opportunities which improve the efficiency of
transactions, and that makes other opportunistic investments. We currently
have joint ventures with or have acquired ownership interests in eleven
companies. Although we still have ownership interests in four of these
companies, WWWX-Jencom, LLC ("WWWX-Jencom"), InterCommerce China, LLC
("InterCommerce China"), VideoNet Corporation ("VideoNet") and Vision
Technologies, Inc. ("Vision"), we have written down our interests in these
companies to zero because we have been unable to confirm that they presently
have any value. We currently derive revenues from two companies, ATM Service,
Ltd. ("ATM") and The Intrac Group, Ltd.
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