<html>
<head>
<title>Business Guarantee</title>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
</head>
<body bgcolor="#FFFFFF" text="#000000">
<table width="100%" border="0" cellspacing="0" cellpadding="0" height="117">
<tr>
<td width="38%"><img src="http://www.bsnguarantee.com/bsnguarantee/images/NewLogo/Logo.gif" width="245" height="171"></td>
<td width="62%">
<div align="center"><img src="http://www.bsnguarantee.com/bsnguarantee/images/NewLogo/LogoBSNStatic.jpg" width="406" height="54"></div>
</td>
</tr>
</table>
<p align="center"> </p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
<tr>
<td>
<p><b>Dear Sirs,<br>
Our company is pleased to present you our complete range of services in
finance and import-export.<br>
Since we cooperate with various banks and insurance companies (covering
non-payment risks) all around the world, we're able to offer you all the
following services and products:</b></p>
<table width="80%" border="1" cellspacing="0" cellpadding="0" align="center" bordercolor="#000066">
<tr bgcolor="#000066">
<td width="45%">
<div align="center"><font color="#FFFFFF" size="4"><b>IMPORT-EXPORT</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#FFFFFF" size="4"><b>FINANCE</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Agricultural Products</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Import-Export Finance</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Clothes + Jeans</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Tour Operators &
<br>
Travel Agencies Finance</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Dairy Products</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Resorts and Hotels Finance</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Fertilizers<br>
Urea 46 – Nitram – Potassium – etc..<br>
</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Bank Guarantee –
Performance Bonds (Italy)<br>
</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Frozen Foods (meat-fish-cicken)</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Discount of Invoices
(Italy)</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Gas Oil</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Non-payment Discount
(Italy)</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Italian Wine</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Discount of Bill of Exchange/Draft
(Italy)</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Mazut M 100</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Export Leasing (Italy)</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Natural Gas</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Project Finance</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Food Oil (sun flower,etc...)</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Fast Finance with Bank
Guarantee</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Portland Cement</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Finance from USA/Australia
without guarantee</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Rice</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Finance for Italian Exporters</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Saffron</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Islamic Finance</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Seeds<br>
More than 200 types</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Insurance Guarantee for
non-payment Risk</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Steel and Iron</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Facilities for Tenders
(Italy)</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Sugar</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Confirmation of Letters
of Credit</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Tanks for industrial</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Factoring</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>Wheat Grains</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>Project Finance with
BOT system</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"><b>…and many more!</b></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"><b>…and many other
services!</b></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><font color="#000066"></font></div>
</td>
<td width="55%">
<div align="center"><font color="#000066"></font></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><a href="http://www.bsnguarantee.com/bsnguarantee/OFFERTE/2003/marzo/Import-Export/offerENG.htm"><img src="http://www.bsnguarantee.com/bsnguarantee/01_circolari/2003/Varie/CircolarePresentazione/images/imp_exp.jpg" width="185" height="30" border="0"></a></div>
</td>
<td width="55%">
<div align="center"><b><a href="http://www.businessnewoffer.co.uk"><img src="http://www.bsnguarantee.com/bsnguarantee/01_circolari/2003/Varie/business.jpg" width="185" height="30" border="0"></a></b></div>
</td>
</tr>
<tr>
<td width="45%">
<div align="center"><a href="http://www.bsnguarantee.com/bsnguarantee/01_Circolari/2002/Eng_Ar/Finance.htm"><img src="http://www.bsnguarantee.com/bsnguarantee/01_circolari/2003/Varie/CircolarePresentazione/images/fin3Days.jpg" width="185" height="30" border="0"></a></div>
</td>
<td width="55%">
<div align="center"><b><a href="http://www.bsnguarantee.com"><img src="http://www.bsnguarantee.com/bsnguarantee/01_circolari/2003/Varie/bsn.jpg" width="185" height="30" border="0"></a></b></div>
</td>
</tr>
</table>
<p><b><br>
For more information and precise specifications for each commodity, you
can visit our web sites.</b></p>
<p><b>We thank you for your kind attention and hope we could be of your
assistance for the future.<br>
Yours Faithfully,</b><br>
</p>
<p><b><img src="http://www.bsnguarantee.com/bsnguarantee/images/NewLogo/LogoBSNSmall.gif" width="205" height="53">
</b></p>
</td>
</tr>
</table>
<p align="center"> </p>
<table width="100%" border="0" cellspacing="0" cellpadding="0">
<tr>
<td bgcolor="#cccccc">
<div align="center"><b>Tel. 0039 02. 660 45 795 - 612 47 750 - 612 93 729<br>
Fax. 0039 02. 612 93 727 - 612 97 661<br>
Email : <a href="mailto:info@bsnguarantee.com">info@bsnguarantee.com</a>
<br>
WEB SITE : <a href="http://WWW.BSNGUARANTEE.COM"><font size="2">WWW.BSNGUARANTEE.COM</font></a>
& <a href="http://WWW.BUSINESSNEWOFFER.co.uk"><font size="2">WWW.BUSINESSNEWOFFER.CO.UK</font></a>
</b> </div>
</td>
</tr>
</table>
</body>
</html>