EXECUTIVE SUMMARY January 31, 2004

Executive Overview:

Sigor Corporation successfuly completed three years long technology transfer project financed by US Department of State and one year R&D project in cooperation with RMOTC financed by US Department of Energy. These two projects resulted in development of Oil & Gas well stimulation technology.

Sigor Corporation has signed an agreement of scientific support from the group of Ukrainian scientists and engineers who possess 40 years worth of technical expertise, to market developed technology under the Trademark of SWTorpedo. We are currently organizing and staffing our own marketing and sales departments to handle increasing demand of well stimulating services that being driven by high prices for oil and gas worldwide.

The well stimulation service SWTorpedo increase production of oil and gas cost-effectively, normally increase yields 4 times for oil wells, 10 times for gas wells and 12 times for irrigation wells. Its effect is long lasting, on average 6 years, and implementation of such well treatment is environmentally friendly in comparison to existing treatment by acid or hydro fracturing. Appropriate application of the exact amount of explosives and the regime of a detonation is the key to optimizing the results of this new stimulation technique.

Demonstrated stimulations of 19 potentially productive intervals for oil, and gas wells in USA, by applying SWTorpedo proved to be effective 96% of the time, when rock properties are know and hydrocarbons are present.

Today's high prices for oil & gas has being propelled by, emerging industrial giants in South Asia and unstable governments of major oil producers in Middle East, and in addition dual effect of growing domestic consumption and declining production of oil in US makes prospects for decline in gasoline prices unlikely.

Sigor Corporation is seeking to sell its services on wider scale in order to contribute to the effort to lower gasoline prices by lowering the cost of oil and gas extraction and increasing over-all productivity of oil and gas wells.

Sigor Corporation is trying to generate enough funds to open Denver based Research and Development laboratory that will allow to conduct scientific experiments which findings will benefit domestic economy.

For more information contact Company's representative at: