<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>v032481_ex99.txt
<TEXT>

      As was reported in a Form 8-K filed on March 29, 1999, Morris & Miller,
Ltd. (and its sister company, Mathew and Markson, Ltd.) initially acquired the
Shares of Common Stock of the Issuer which are the subject of this Report
pursuant to an agreement (the "Stock Purchase Agreement") signed and executed on
March 16, 1999, between Telco Billing, Inc.; Mathew and Markson, Ltd.; Morris
and Miller, Ltd.; and RIGL Corporation ("RIGL"), which was the former name of
the Issuer. Mathew and Markson, Ltd. and Morris & Miller, Ltd. were the sole
shareholders of Telco.

      Pursuant to the Stock Purchase Agreement, Morris & Miller, Ltd.
surrendered its shares of Telco, and, in exchange, Morris & Miller, Ltd.
received 1,100,000 Shares of RIGL:

      Subsequently, as reported in a Form 8-K filed on June 30, 1999, on June
15, 1999, 8,250,000 additional Shares of Common Stock of the Issuer were issued
to Morris & Miller, Ltd. pursuant to the Stock Purchase Agreement, bringing its
holdings to 9,350,000 Shares.

      Subsequently, as reflected in a Schedule 14A filed on August 15, 2001, as
of July 24, 2001, Morris & Miller, Ltd. had disposed of 25,000 Shares of Common
Stock of the Issuer. This transaction was a gift.

      Therefore, as of July 24, 2001, Morris & Miller, Ltd. held 9,325,000
Shares of the Issuer's Common Stock.

      Subsequently, in a private transaction, Morris & Miller, Ltd, purchased
1,025,000 Shares from another stockholder of the Issuer.

      The original Form 5 filed by the Reporting Person on April 4, 2003, was
incorrect in that it underreported the acquisition by 25,000 Shares, stating
that it was 1,000,000 Shares, when it should have been 1,025,000 Shares.

      Therefore, as was reflected in a Form 10-KSB filed by the Issuer on April
10, 2003, as of January 7, 2003, the total number of Shares of Common Stock of
the Issuer held by Morris & Miller, Ltd. was as follows:

            Prior Balance                           9,325,000 Shares
            Addition                                1,025,000 Shares
            New Balance                            10,350,000 Shares
</TEXT>
</DOCUMENT>
