Berkeley Technology, Limi (BKLYY.PK)

Berkeley Technology Limited is a financial services company, specializing in venture capital and consulting. The Company grew with the establishment of life insurance and annuity businesses in the United States and Jersey, Channel Islands, and through acquisitions in the financial advisory services and asset management areas. Berkeley lost control of its United States life insurance subsidiary, London Pacific Assurance Limited (LPAL), due to the dilution in its capital arising from bond and equity losses. The Company continues to service the policyholders of LPAL. During the year ended December 31, 2003, the Company sold two of its operating businesses: Berkeley Capital Management, an asset management company, and London Pacific Advisory Services, Inc., an online investment consulting service. Berkley is working with North American private technology companies that are looking to grow their businesses and to expand their investor base overseas, primarily in Europe and Japan.

For the six months ended 30 June 2006, Berkeley Technology's Limited's revenues fell 9% to $978K. Net loss from cont. ops. fell 5% to $1.7M. Revenues reflect lower investment income and decreased consulting & other fee income. Lower loss reflects a fall in expenses related to amounts credited to insurance policyholder accounts and the absence of interest expense. The Company is involved in financial consulting and venture capital finance.