The Company
   
 

tapX™ Ltd. is a subsidiary of CASHFAC Ltd. (www.cashfac.com), the company
that created tapX™'s core processing engine: CASHFAC Virtual Bank Technology®.
CASHFAC Virtual Bank Technology®, is used extensively by major banks to provide
client money administration and in-house banking capabilities to stockbrokers,
legal and other professional services firms, as well as pension and trust fund
administrators.

The tapX™ product has been developed by combining the CASHFAC management
team's expertise in supply chain back office operations, trade finance, financial
market settlement and securities markets. CASHFAC Ltd. has its headquarters in
London and its Technology Centre in Edinburgh.