Director Share Purchase

The Company was notified on September 26, 2006 of the purchases of shares of the Company’s Common Shares by Steve C. Nicandros, President, Chief Executive Officer and Chairman of the Board of Directors, and Spyros N. Karnessis, Director, as detailed below. The share purchases occurred at the available market price.

Executive Officer/Director

Date

Purchase Price

No. of Shares

Steve C. Nicandros, President, Chief Executive Officer and Chairman of the Board of Directors

September 25, 2006

£0.77

50,000

Spyros N. Karnessis, Director

September 25, 2006

£0.75

50,000

Spyros N. Karnessis, Director

September 26, 2006

£0.74

50,000