Acquisition of insurance company in Russia. 21/9/2006    GDII (Fully owned and controlled subsidiary) has signed an agreement with EP, located in Samara, Russia and 6 of it’s shares holders, by which, GDII will acquire more than 93% from the company Issued Capital Stock (Including Preferred Stock and Common Stock) In exchange for a payment of $230,000 (approximately 1 Million ILS). According to the agreement, EP has valid licenses from the Russian authorities to act as an insurance company for assets and certain liabilities inclusive of compulsory and comprehensive insurance. These licenses will serve as a platform for development of direct insurance businesses in Russia by GDII. The deal is subject to Russian authority’s permission and execution of preliminary and certain closing terms, among others, the keeping of EP insurance licenses valid, No major change in EP’s financial status and by following regulatory instructions regarding future reserves.