Great Cities Media Inc.

Finansinspektionen, the Swedish supervisory authority, has warned that Great Cities Media Inc., a company claiming to have an address in the United States, is providing financial services without the required authorizations. In particular, the company has approached several investors by telephone, offering to acquire their shares of a US company traded on an unregulated market.

(In Consob Informa n. 12/2006 - 20 March 2006)