BFLYSOFT Co., Ltd.

Bflysoft Co., Ltd. (the company) was incorporated on Aug, 1998 under the Commercial Code of the Republic of Korea at Chuncheon Kangwon province with a purpose of software development and database management tool primarily. Shareholder's equity amounted to US$ 0.9 mil. Total issued and fully paid equity shares as of December 31, 2004 comprise 1,800,000 shares (par value:500) of common stock, including the capitalization of 1,323,308 shares, owned 73.52% by the president of the board of the directors.

The company's total asset amounted to US$ 6 mil. as of 31 Dec, 2004. The company operates a b
ranch office that makes a study of intelligent agent. As the company grows up rapidly, the company was merged with Nexiteck Co., Ltd. which has provided outside development service.

Bflysoft stands here to response customer's needs like this. B
flysoft succeeded in developing search engine independently and acquired Korean patent so as to meet customer's needs becoming aware of rapid changes of economic environment. Bflysoft prepared Search engine for enterprises not to waste their valuable time in searching information every morning. And Bflysoft prepared Intelligent gathering engine for enterprises to manage information searched rationally at a right time.

Infozent which has two engines described above will deliver customized inform
ation. It helps enterprises collect and deliver daily news(online news, newspaper article), auction information, bidding information after monitoring them automatically. Students can obtain useful information and reading stuff suggested by experts for writing easily. Bflysoft runs business news including monitoring, scrap department as bizmeka eyesurfer and real estate auction, bidding information department as bidQ cooperated with KT.