Structured more than 200 operating leases for the helicopter industry since 1973 Islander Operating Lease Worldwide Helicopter Leasing & Sales Join the China World Helicopter Assosiation ITC-Aerospace, Inc. Tokyo Japan Tel: +81-3-3555-3621 Fax: +81-3-3555-3627 E-mail itca@itca.co.jp Copyright (C) ITC-Aerospace, Inc. 1998 All rights reserved..

Head Office: Kanaya Bldg. 5th F., 4-11-3, Hatchobori, Chuo-Ku, Tokyo 104-0032 Japan (Registered Office: 2-20-9, Hatchobori, Chuo-Ku, Tokyo 104-0032 Japan) Date of Foundation: June 30, 1980 in Tunis, Tunisia November 8, 1988 in Tokyo, Japan The year 2002 celebrates 22nd Anniversary. Founder: Tomoo NAKAYAMA, President/CEO Initial and Paid-in Capital: Yen50,000,000 Annual Sales Turnover: US$30 million on annual average for the past 14 years Overseas Partnership: Tunisia, China, England, Norway, New Zealand, Australia, Morocco, Sri Lanka, Bangladesh, Nepal, Viet Nam, Indonesia, Philippines, Korea, USA, Canada, South Africa, Finland, etc. ITC-Aerospace's world-wide business activities lie on the following four (4) Divisions of the Company, namely: Division I: Aircraft & Helicopter Lease, Finance and Sales Division II: Project Management Services Division III: IT Solution Business Division IV: International Trading Business

		ITC-Aerospace's world-wide business activities lie on the following four (4) Divisions of the Company, namely: Division I:Aircraft & Helicopter Lease, Finance and Sales Division II:Project Management Services Division III:IT Solution Business Division IV:International Trading Business
		Division I: Aircraft and Helicopter Lease, Finance and Sales I. Leading Aircraft Packager:To satisfy the various aircraft and helicopter demands of many airlines and operators in the world, ITC-Aerospace has been supplying from 5 seated single turbine engine helicopters, 5 to 6 seated single piston engine aircraft, 10 seated twin engine commuter aircraft to 30 to 60 regional turboprop or jet aircraft to 100 to 150 narrow body jetliners under the finance and/or operating lease schemes or direct sales, whether new or pre-owned. II. Aviation Consultancy: ITC-Aerospace also provides various consultation services to the airline industries such as pilot training; airport and heliport designing and construction; aircraft maintenance and overhauling works; engine rentals, overhauling works and exchange; engine power by hour programs. III. Typical Business Structure: One of many realizations is the supply of brand new helicopters, Bell412EP x 4 units to the Philippines Presidential Office with ITC-Aerospace-structured 5 plus 5 years operating leases amounting to US$30 millions jointly with Bell Helicopter Textron Inc., Dallas, Texas. ITC-Aerospace is committed to the airlines and operators to constantly bring the best possible business deals with financial structures unique to ITC-Aerospace and other marketing services, thus always remaining at the forefront of the Aviation Industry of the world to best serve our clients. Business Alliance: Mitsui & Co. Ltd., Sony Trading International Corp., Kawasho Corp., EuroHeli Corp., Kawasaki Heavy Industries Co., Ltd., Sumitomo Corp., Itochu Corp., Itochu Aviation Co., Ltd., Air Flight Japan Co., Ltd., Asahi Airways Co., Ltd., Ace Helicopters Co., Ltd., Akagi Helicopters Co., Ltd., Toho Airways Co., Ltd., Japan Regional Airways Co., Ltd., Sky Marks Inc., Tohoku Air Service Co., Ltd., Excel Air Service Inc., Kawasaki Helicopter System Inc., All Nippon Helicopter Co., Ltd., Heli Air Okinawa Co., Ltd., Nippon Flight Safety Co., Ltd., Alpha Aviation Co., Ltd., Hokkaido Aviation Co., Ltd., Hankyu Airlines Co., Ltd., Nakanihon Air Service Co., Ltd., Aero Asahi Corporation, JAL Flight Academy Co., Ltd., Asia Air Survey Co., Ltd., Air Hokkaido Co., Ltd., Nagasaki Airways co., Ltd., Nissho Iwai Corp., NEC Corp., NHK (Japan Broadcasting Corp.), Nichimen Corp., Nichimen Aviation Co., Ltd., JAL, ANA, ANK, etc.
		Division II: Project Management Services Having highly experienced engineers and project managers who managed various projects as well as chief negotiators thereof in the construction, maintenance, revamping, dismantling and reassembly works of those plants; oil refineries, petrochemical and chemical plants, synthetic fiber plants, paper mills, fertilizer plants, cement plants, etc., ITC-Aerospace can render the proven capability for: I. Organizing the most competitive teams: Organizing most competitively the teams: of engineers, workers as well as administration staff on international basis, all of whom are either ITC-Aerospace's employees or recruited engineers for undertaking the specific works of the projects, thus can meet the required deadline of the construction schedules with the limited budget and satisfying the project owners for whom ITC-Aerospace shall be contracted to work, etc. II. Procurements from worldwide supply sources: Procurements of instruments, machineries, either electric, hydraulic or mechanic, piping, architectural equipment and materials from various supply sources of the world. III. Total management capability: Management of the projects, such as carrying out the feasibility studies, locating the funding sources, negotiating the best competitive finance thereof, contracting works, license agreements, engineering works, procurement, construction, handing over the plant completed, technical assistant services, etc. IV. Consulting works for the recipient countries: Consultation works for those recipient countries and their governments for realizing the Grants and Soft Loans for those Projects initiated by them and their feasibility studies carried out by ITC-Aerospace and/or its closely related organizations, such as JICA, Japan Consulting Institute, etc. To sum up, the ITC-Aerospace'sScope of Works are as under: 1. Support for International Projects: Support the general contractors to get awards with the Projects under the competitive bidding structures based on Japanese Government's long term soft loans to be arranged through JBIC. 2. Grants-affected Projects: Guide developing countries to realize their projects with grants to be arranged by Japanese Ministry of Foreign Affaires with ITC-Aerospace's direct and/or indirect involvements. 3. New and Used Equipment and Machineries: Support the infrastructure projects to be realized with exports of those equipment and machines, either new or pre-owned by ITC-Aerospace as arranger. 4. Project Management & Consulting Businesses: Support the General Contractors to minimize the risk involved in the undertaking of overseas infrastructure-orientated projects by ITC-Aerospace's engineers having so many years long experience in this field. Business Alliance: Mitsui & Co. Ltd., Itochu Co., Ltd., Itochu Plant and Machineries, Kanematsu Corp., Hitachi Co., Ltd., Hitachi Zosen Co., Ltd., Kawasaki Heavy Industries Co., Ltd., Sumitomo Electric Co., Ltd., Nissho Iwai Corp., NEC, Nichimen Corp., NHK (Japan Broadcasting Corp.), Nichimen Computer Systems Corp., Konoike Construction Co., Ltd., Shimizu Corp., Kajima Corp., NEC System Integration & Construction Co., Ltd. (NESIC), Maeda Construction Co., Ltd., Meidensha Corp., Mitsui Construction Co., Ltd., JGC Corp., Toyo Engineering Co., Ltd., Chiyoda Chemical Engineering and Construction Co., Ltd., Toyobo Co., Ltd., Toyobo Engineering Co., Ltd., Mitsubishi Heavy Industries, Ltd., YKK Corp., Pacific Consultants International (PCI), Japan Polyolefins Co., Ltd., Fuji Electric Co., Ltd., etc.
		Division III: IT Solution Business In the years to come, ITC-Aerospace shall be deeply engaged in the new creation of information distribution networks as the basic communications infrastructure which is vitally important for the advanced information society of the 21st century. With the growth of IT, technical ability is being demanded that can deal with high-speed, large-capacity broadband communications in order to construct high-quality telecommunication networks in the office buildings, apartment flats, and local and wide areas (LAN and WAN). ITC-Aerospace is determined to provide total support for IT, mobile communications and optical communications, to contribute to the construction of information distribution networks that will form new infrastructure, whether public or private, to respond accurately to the needs of our customers in the IT age. Mobile Communication Development While today 70 million mobile terminals are being used, the use of these terminals is quickly moving from voice communications to data communications. This trend in usage is found in visual terminals with television capability, all-in-one PDAs and even data terminals that are used as data communication modules. Mobile communication facility construction Next generation cellular phones (IMT-2000) Cellular phones, personal handy-phone systems (PHS) Mobile multimedia In-building Mobile Communication systems (IMCS) Transmission towers and electric facilities Satellite mobile broadcasting IT-related Business Taking "Network Solutions - constructing the most appropriate environment for networks and systems operating on networks", ITC-Aerospace is aggressively taking on network construction in the Internet age based on technology we developed in our telephone network construction jobs. ITC-Aerospace supports the entire cycle, from design and construction to operation and maintenance, for IP network layers with IP technology kernels, such as WAN, Voice over IP (VoIP), soft switch and security with our business partners under alliance. Corporate network integration - LAN and WAN systems - Telephone systems (PBX, VoIP, Office PHS) - Unified message systems - Computer telephone integration (CTI) systems - Consolidated wiring systems Web computing - E-commerce systems - Software development for various applications Various supporting systems - Internet-related systems - Apartment building Internet systems - Building management systems - Teleconferencing systems - Parking lot management systems Maintenance - Field Service - Network management service Sales of various equipment - Information equipment (personal computers, servers, peripherals) - Communication equipment (telephones, Faxes) - Consultation on various network services Energy-related facilities -Co-generation facilities -Solar-powered generating facilities Environmental facilities -Raw-sewage recycling equipment -Waste-water treatment and reuse systems -Industrial waste carbonizing systems -Next-generation incineration systems Currently, the Internet, as a telecommunication media, has become an integral part of our lives, and, therefore, construction of telecommunication infrastructure that can support faster speeds and larger amounts of data communication is being demanded. ITC-Aerospace is contributing, through advanced technology, to the construction of large-capacity networks that transmit large amounts of data at high speeds that will support the advancement of telecommunication infrastructure and continuously respond to the needs of our advanced information society and the latest technology. Business Alliance: Mitsui & Co. Ltd., Itochu Co., Ltd., Itochu Techno-Science Corp. (CTC), Net Marks, Inc., Century Research Corp., CTC Technology Corp., Kanematsu Co., Ltd., Sumitomo Electric Co., Ltd., TIS Co., Ltd. (ex-Toyo Information Services Co., Ltd.), Cyber Firm Co., Ltd., NHK (Japan Broadcasting Corp.), Fuji Electric Co., Ltd., Taihei Kogyo Co., Ltd., Nichimen Corp., Nichimen Computer System Co., Ltd., NEC System Integration and Construction Co., Ltd. (NESIC), Meidensha Corp., Japan Development Service Co., Ltd., Pacific Consultants International (PCI), Japan Business Systems, Inc., Kyushu Electronics Systems (KES), K&M Enterprise Corp., etc.
		Division IV: International Planning and Trading Supply, lease or finance all sorts of industrial and construction equipment and machineries and parts/tools to our world-wide customers. Not only export from Japan but import from various countries of the world to Japan. Marketing activities in the triangular trades, namely goods and products from USA to Middle East, Africa to Europe, Asian to European, and so on, thanks to ITC-Aerospace's worldwide marketing networks developed in the past years based on the satisfactory records of business. Business Alliance: Mitsui & Co. Ltd., Itochu Co., Ltd., Itochu Plant and Machineries, Itochu Techno-Science Co., Ltd., Kanematsu Co., Ltd., Hitachi Zosen Co., Ltd., Kawasaki Heavy Industries Co., Ltd., Sumitomo Electric Co., Ltd., Net Marks, Inc., TIS Co., Ltd. (ex-Toyo Information Services Co., Ltd.), Cyber Firm Co., Ltd., Akagi Helicopters Co., Ltd., Japan Regional Airways Co., Ltd., Excel Air Service Inc., Kawasaki Helicopter System Inc., All Nippon Helicopter Co., Ltd., Asia Air Survey Co., Ltd., Nissho Iwai Corp., NEC Corp., NHK (Japan Broadcasting Corp.), Taihei Kogyo Co., Ltd., Nichimen Corp., Nichimen Computer System Co., Ltd., Nishimatsu Construction Co., Ltd., Konoike Construction Co., Ltd., Shimizu Corp., Kajima Corp., NEC System Integration and Construction Co., Ltd., Maeda Construction Co., Ltd., Mitsui Construction Co., Ltd., JGC Corp., Toyo Engineering Co., Ltd., Chiyoda Chemical Engineering and Construction Co., Ltd., Toyobo Co., Ltd., Toyobo Engineering Co., Ltd., Mitsubishi Heavy Industries, Ltd., YKK Corp., Pacific Consultants International (PCI), Kyushu Electronics Systems (KES), Sharp Corp., Toshiba Corp., Fuji Electric Co., Ltd., etc. Any further inquiries about projects, products, and finance and leasing services, please do not hesitate to contact us at ITC-Aerospace, Inc., Tokyo, Japan via e-mail: nakayamat@itca.co.jp and for urgent inquiries contact us at mobile telephone number: +81-90-3086-4417 on 24 hours over 24 hours. "End of Outlined Activities of ITC-Aerospace"