EuroTrust A/S operates a broadcast media division, which owns dk4, a Danish television station and operates the television production company, Prime Vision. Prime Vision produces programming for an array of distributors of content in the Scandinavian market. The Company markets its dk4 television broadcast station through local advertising sponsorships and participations in cable operator and cable organization symposiums and direct marketing to individual cable operators. The Company's specialty television channel, 4SPORT, focuses on coverage of both Danish sports, in cooperation with The Danish Sports Association, and international sporting events of particular interest to Danish fans. Until December 2001, the Company's business operated in three areas: Internet products and services, broadcasting, and print and online media. On April 17, 2006, the Company consummated its acquisition of Aktiv Gruppen A/S (Aktiv Gruppen), a Danish company, which operates in two lines of business, namely the development and sale of residential real estate projects in Denmark and Norway, and the operation of wind energy farms in Germany. On May 4, 2006, it entered into an agreement to sell three of its seven mobile television production vans, its Prime Vision brand name and the external customer base of Prime Vision. On June 2, 2006, EuroTrust A/S completed the sale of its media business by selling all of the outstanding shares of Europe-Visions A/S to Tritel Investment, Inc. As a result of the sale of Europe-Visions A/S, as of June 2, 2006, the Company's business consists of property development operations and wind energy operations. The Company's real estate development segment, through various wholly owned subsidiaries and corporate joint ventures, primarily develops homeowner condominiums, complexes, single-family homes, recreational homes and multi-family rental complexes throughout Denmark and Norway. The Company sells these units primarily through local real estate agents to whom it pays a commission for each sale. It also owns recreational property timeshare units in Helsingor, Denmark for resale and a 565-square-meter office property in Koge, Denmark, which is leased to third parties. In June 2005, Aktiv Gruppen acquired six operating windmills located in windparks in Germany. The Company also holds a 25% equity interest in an additional windmill in Germany. Each respective windmill or windpark has entered into 20-year agreements with German electric utilities companies, to sell all of the electricity generated. The Company has leased the land on which the windparks are located for 20 years with two five-year options to extend the lease. In May 2006, the Company entered into an agreement to acquire a 50.25% interest in European Wind Farms A/S. European Wind Farms A/S develops wind energy farms in Germany, Italy, Poland, Bulgaria, Lithuania and France. European Wind Farms A/S has projects with an installed capacity of approximately 200 megawatts and generate approximately 400 million kilowatt hours of electric power on a yearly basis.

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