<SUBMISSION>
<ACCESSION-NUMBER>0000950144-05-005206
<TYPE>SC 14F1
<PUBLIC-DOCUMENT-COUNT>2
<FILING-DATE>20050510
<DATE-OF-FILING-DATE-CHANGE>20050510
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>CENUCO INC
<CIK>0000843494
<ASSIGNED-SIC>4899
<IRS-NUMBER>752228820
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 14F1
<ACT>34
<FILE-NUMBER>005-80632
<FILM-NUMBER>05814958
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>6421 CONGRESS AVENUE
<STREET2>STE 201
<CITY>BOCA RATON
<STATE>FL
<ZIP>33487
<PHONE>5619944446
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6421 CONGRESS AVENUE
<STREET2>STE 201
<CITY>BOCA RATON
<STATE>FL
<ZIP>33487
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VIRTUAL ACADEMICS COM INC
<DATE-CHANGED>20000110
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DONNEBROOKE CORP
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ALLURISTICS INC
<DATE-CHANGED>19890911
</FORMER-COMPANY>
</SUBJECT-COMPANY>
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>CENUCO INC
<CIK>0000843494
<ASSIGNED-SIC>4899
<IRS-NUMBER>752228820
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 14F1
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>6421 CONGRESS AVENUE
<STREET2>STE 201
<CITY>BOCA RATON
<STATE>FL
<ZIP>33487
<PHONE>5619944446
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>6421 CONGRESS AVENUE
<STREET2>STE 201
<CITY>BOCA RATON
<STATE>FL
<ZIP>33487
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VIRTUAL ACADEMICS COM INC
<DATE-CHANGED>20000110
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>DONNEBROOKE CORP
<DATE-CHANGED>19920703
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>ALLURISTICS INC
<DATE-CHANGED>19890911
</FORMER-COMPANY>
</FILED-BY>
<DOCUMENT>
<TYPE>SC 14F1
<SEQUENCE>1
<FILENAME>g95186sc14f1.htm
<DESCRIPTION>CENUCO, INC. SC 14F1
<TEXT>
<HTML>
<HEAD>
<TITLE>CENUCO, INC. SC 14F1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<P align="center" style="font-size: 14pt"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, D.C. 20549</B>
</DIV>


<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">


<P align="center" style="font-size: 18pt"><B>SCHEDULE 14F-1</B>


<P align="center" style="font-size: 10pt">INFORMATION STATEMENT



<P align="center" style="font-size: 10pt">Pursuant to Section&nbsp;14(f) of the Securities Exchange Act of 1934<BR>
and Rule&nbsp;14f-1 Thereunder



<P align="center" style="font-size: 10pt"><HR size="1" noshade width="26%" align="center" color="#000000">


<P align="center" style="font-size: 24pt"><B>CENUCO, INC.</B>


<DIV align="center" style="font-size: 10pt">(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="85%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="30%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">Delaware
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">033-25900
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">75-2228820</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State or Other Jurisdiction<BR>
of Incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Commission File<BR>
Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">IRS Employer<BR>
Identification No.)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt">6421 Congress Avenue, Boca Raton, Florida 33487<BR>
(Address of Principal Executive Offices)



<P align="center" style="font-size: 10pt">561-994-4446<BR>
(Registrant&#146;s Telephone Number, including Area Code)



<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>





<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">







<DIV align="left">
<!-- TOC -->
</DIV>
<DIV align="left">
<A name="tocpage"></A>
</DIV>

<P align="center" style="font-size: 10pt"><IMG src="g95186cenuco.gif" alt="cenuco logo">


<DIV align="center" style="font-size: 9pt">6421 Congress Avenue, Suite&nbsp;201<BR>
Boca Raton, Florida 33487</DIV>



<P align="center" style="font-size: 10pt">INFORMATION STATEMENT<BR>
PURSUANT TO SECTION 14(f) OF THE SECURITIES EXCHANGE ACT OF 1934<BR>
AND RULE 14f-1 THEREUNDER



<P align="center" style="font-size: 10pt">May&nbsp;10, 2005


<!-- link1 "INTRODUCTION" -->

<P align="center" style="font-size: 10pt"><B>INTRODUCTION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Information Statement is required by Section 14(f) of the Securities Exchange Act of
1934, as amended (the &#147;Exchange Act&#148;), and Rule&nbsp;14f-1 promulgated thereunder. Section 14(f) of the
Exchange Act requires the mailing of this Information Statement to the stockholders of Cenuco,
Inc., a Delaware corporation (&#147;Cenuco&#148;), not less than ten (10)&nbsp;days prior to a contemplated change
in a majority of its directors otherwise than at a meeting of Cenuco&#146;s stockholders. This
Information Statement is being furnished on or about May&nbsp;10, 2005 to all of the holders of record
as of the close of business on May&nbsp;4, 2005 (the &#147;Record Date&#148;) of the common stock, par value $.001
per share (the &#147;Cenuco Common Stock&#148;), of Cenuco. Please read this Information Statement
carefully. It describes the terms of the proposed transactions between Cenuco and Hermes
Acquisition Company I LLC, a Delaware limited liability company (&#147;Hermes&#148;), and the effect thereof
on Cenuco and its stockholders and contains biographical and other information concerning the
directors of Cenuco after the consummation of the proposed transactions who are not currently
serving Cenuco. The Board of Directors of Cenuco and Hermes currently contemplate that the
transaction effecting the change in the majority of the directors will occur on or about May&nbsp;23,
2005. However, because of the various conditions precedent to closing (see the subsection
captioned &#147;Conditions to Closing&#148; of the section &#147;Information Regarding Merger Transaction&#148;
elsewhere in this Information Statement), the closing may occur on a later date.


<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt"><B>NO VOTE OR OTHER ACTION OF CENUCO&#146;S STOCKHOLDERS IS REQUIRED IN CONNECTION WITH THIS INFORMATION
STATEMENT. NO PROXIES OR CONSENTS ARE BEING SOLICITED AND YOU ARE REQUESTED NOT TO SEND TO CENUCO
A PROXY OR CONSENT.</B>

<!-- link1 "INFORMATION REGARDING THE MERGER TRANSACTION" -->

<P align="center" style="font-size: 10pt"><B>INFORMATION REGARDING THE MERGER TRANSACTION</B>



<P align="left" style="font-size: 10pt"><B>Merger</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As previously reported, on March&nbsp;16, 2005, Cenuco, Hermes Holding Company, Inc., a Delaware
corporation and a wholly owned subsidiary of Cenuco (&#147;Merger Sub&#148;), and Hermes entered into a
Merger Agreement dated such date (the &#147;Original Merger Agreement&#148;). As previously reported the
Original Merger Agreement was amended on May&nbsp;10, 2005 (the Original Merger Agreement as so amended,
the &#147;Merger Agreement&#148;). Pursuant to the Merger


<P align="center" style="font-size: 10pt">&nbsp;
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Agreement, Merger Sub will be merged (the &#147;Merger&#148;) with and into Hermes, which shall be the
surviving company. After Cenuco stockholder approval is obtained of an amendment to Cenuco&#146;s
charter subsequent to the closing of the Merger (the &#147;Closing&#148;), Cenuco will change its name to
&#147;Lander Co., Inc.&#148; or such other name as may be recommended by the then Board of Directors of
Cenuco. A copy of the Merger Agreement, without certain exhibits and schedules, was filed as an
exhibit to Cenuco&#146;s Current Report on Form 8-K filed on May&nbsp;10, 2005 with the Securities and
Exchange Commission (the &#147;Commission&#148;). A stockholder of Cenuco may request a copy of the Merger
Agreement by request to the Secretary of Cenuco at the address shown in the heading to this
Information Statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hermes is a Delaware limited liability company organized in 2003. Hermes, through its
subsidiaries, Lander Co., Inc. and Lander Co. Canada Limited (collectively, &#147;Lander&#148;), and its
affiliated company Hermes Real Estate I LLC, is a manufacturer, marketer and distributor of value
brand health and beauty products. Lander also produces private label health and beauty products
for certain major retailers. Lander owns and operates two manufacturing and distribution
facilities, one in Binghamton, New York and the other in Toronto, Canada.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The owners of shares of Cenuco Common Stock do not have any right to an appraisal of the value
of their shares in connection with the Merger.


<P align="left" style="font-size: 10pt"><B>Effect on Shares</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Merger is consummated pursuant to the Merger Agreement, the issued and outstanding
membership interests of Hermes (the &#147;Hermes Membership Interests&#148;) shall be converted into the
right to receive shares of a to-be-designated Series&nbsp;A Junior Participating Preferred Stock, par
value $.001 per share, of Cenuco (the &#147;Series&nbsp;A Preferred Stock&#148;) in such a manner that the shares
of Cenuco to be held by the pre-Merger holders of the Cenuco Common Stock will equal 35% of the
issued and outstanding voting power of the Cenuco capital stock. In addition, in the Merger the
Hermes Membership Interests will be converted into the contingent right to receive, in the
aggregate, 1.857 shares of the Cenuco Common Stock for each share of Cenuco Common Stock that is
issued after the date that the Series&nbsp;A Preferred Stock is converted into Cenuco Common Stock
pursuant to currently outstanding options or warrants to acquire Cenuco Common Stock (the
&#147;Additional Shares&#148;).


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The shares of Series&nbsp;A Preferred Stock to be issued to the holders of the Hermes Membership
Interests will represent 65% of the voting power of issued and outstanding shares of Cenuco capital
stock. In addition, when converted into shares of the Cenuco Common Stock, the number of shares of
Cenuco Common Stock to be issued will represent 65% of the issued and outstanding shares of Cenuco
Common Stock following such conversion. Holders of shares of Series&nbsp;A Preferred Stock will vote
together as one class on all matters submitted to a vote of Cenuco stockholders.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Merger Agreement provides that promptly after the effective time of the Merger, Cenuco
will hold a meeting of stockholders to consider and vote upon resolutions authorizing the issuance
of shares of Cenuco Common Stock upon conversion of the Series&nbsp;A Preferred Stock and an amendment
to Cenuco&#146;s charter increasing the authorized number of shares of Cenuco


<P align="center" style="font-size: 10pt">-2-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Common Stock. Holders of shares of Series&nbsp;A Preferred Stock will not have the right to vote
on any matters relating primarily to the Merger Agreement, including approval of those resolutions.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are currently issued and outstanding 13,750,556 shares of Cenuco Common Stock and no
shares of Cenuco Preferred Stock. In addition, a total of 2,786,712 shares of Cenuco Common Stock
were reserved for issuance pursuant to stock option plans and stock option agreements and warrants
of Cenuco. Such stock option plans, stock option agreements and warrants will continue in effect
after the Merger without any change to their respective terms except that as a result of the
Merger, all outstanding options to purchase shares of Cenuco Common Stock will immediately vest and
become exercisable.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In consideration for introducing Cenuco to Hermes, Cenuco and Hermes have agreed to pay Tuyen
Do, a former director of Cenuco, an aggregate success fee of $375,000 and 500,000 warrants to
purchase shares of Cenuco Common Stock, at an exercise price of $6.00 per share, which will be
immediately exercisable and will expire after five years, within ten business days after the
Closing. The success fee, if any, will be the sole compensation for Mr.&nbsp;Do&#146;s services in
connection with the Merger. If the Merger is not completed for any reason, Mr.&nbsp;Do will not be owed
any fees. Cenuco and Hermes also agreed to indemnify Mr.&nbsp;Do from any and all losses, damages or
claims incurred in connection with the Merger.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The rights of the pre-Merger holders of Cenuco Common Stock will be materially affected by the
Merger in the following two ways:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>Their voting percentage will be substantially reduced from 100% to 35%.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>So long as any shares of the Series&nbsp;A Preferred Stock shall be outstanding, the
Cenuco Common Stock shall be junior to the Series&nbsp;A Preferred Stock (see below the
subsection captioned &#147;Series&nbsp;A Preferred Stock&#148;).</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Directors and Officers</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Merger Agreement, three of the four directors of Cenuco, and each of the
directors and officers of Merger Sub, shall resign at the Closing. The three directors of Cenuco
who will resign at the Closing are Steven M. Bettinger, Andrew Lockwood and Jack Phelan. Robert
Picow, currently a Cenuco director, shall continue to serve as a director. Following the Closing,
Mr.&nbsp;Picow, will appoint three new directors, Joseph A. Falsetti, Kenneth D. Taylor and Edward J.
Doyle, all of whom are designees of Hermes, to fill the newly created vacancies. The four
directors will then appoint a fifth director, Francis Ziegler, to the Board. Steven M. Bettinger,
the current Chief Executive Officer and President of Cenuco, Jordan Serlin, the current Chief
Operating Officer of Cenuco and Adam Wasserman, the current Chief Financial Officer of Cenuco,
shall resign their positions at the Closing. Following the Closing, Mr.&nbsp;Bettinger will serve as
Vice President of Corporate Development and Investor Relations of Cenuco and Messrs.&nbsp;Picow, Serlin
and Wasserman will become officers of a newly created Wireless Data Products and Technology
Division of Cenuco. Joseph A. Falsetti will be appointed the new President and Chief Executive
Officer, Brian J. Geiger will be appointed the new Chief Financial Officer, William B. Acheson will
be appointed the new Vice President of Global Sales and Franco Pettinato will be appointed the new
Senior Vice President of


<P align="center" style="font-size: 10pt">-3-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Operations. For information relating to these new directors-to-be and the officers-to-be, see
the section &#147;Information Relating to Directors and Executive Officers&#148; elsewhere in this
Information Statement.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The current executive officers and managers of Hermes shall continue to serve as the executive
officers and managers of Hermes after the Closing.


<P align="left" style="font-size: 10pt"><B>Closing</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the Merger Agreement, the following will occur at or prior to the Closing:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>The Certificate of Designation, Rights and Preferences to the Amended and Restated
Certificate of Incorporation, as amended, of Cenuco (the &#147;Certificate of Designation&#148;),
creating the Series&nbsp;A Preferred Stock, shall be filed with the Secretary of State of
the State of Delaware; otherwise the Amended and Restated Certificate of Incorporation,
as amended, and Bylaws of Cenuco shall continue in full force and effect;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>Hermes will execute and file a certificate of merger with the Secretary of State of
the State of Delaware and the Merger will become effective upon such filing (the
&#147;Effective Time&#148;); and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>The certificate of formation and limited liability company agreement of Hermes shall
continue in full force and effect.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Effect on Financial Statements</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;If the Merger is consummated, for accounting purposes, Hermes will be deemed to be the
acquirer in a reverse transaction and consequently the transaction will be treated as a
recapitalization of Hermes. Hermes&#146; financial statements will become the historical financial
statements of the post-Merger entity. Because Hermes has a fiscal year that ends on the last day
of February, as compared with Cenuco&#146;s fiscal year that ends on June&nbsp;30, Cenuco intends to amend
its Bylaws after the Effective Time to change its fiscal year to the last day of February or to the
52 or 53-week period ending on the Saturday nearest to January&nbsp;31 of the following calendar year,
effective with the Effective Time.


<P align="left" style="font-size: 10pt"><B>Series&nbsp;A Preferred Stock</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A copy of the Certificate of Designation as proposed to be filed was filed as an exhibit to
Cenuco&#146;s Current Report on Form 8-K filed on May&nbsp;10, 2005. A stockholder of Cenuco may request a
copy of the Certificate of Designation by request to the Secretary of Cenuco at the address shown
in the heading of this Information Statement. The key terms of the Series&nbsp;A Preferred Stock are as
follows:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD><U>Dividends</U>. The Board of Directors may, in its discretion, declare a
quarterly, cumulative cash dividend at a rate of $0.001 per quarter. In addition,
holders of shares of Series&nbsp;A Preferred Stock will be paid any dividends that would be
payable to such holders if the shares had been converted into shares of Common</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">-4-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>Stock at the time of the record date for any dividends payable to holders of shares
of Cenuco Common Stock.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD><U>Conversion</U>. Each share of Series&nbsp;A Preferred Stock shall mandatorily
convert into a number of shares of Cenuco Common Stock determined in accordance with a
conversion ratio of 10,000 (the &#147;Conversion Ratio&#148;) upon the authorization of Cenuco&#146;s
holders of Common Stock (without the vote of holders of Series&nbsp;A Preferred Stock) to
(a)&nbsp;an amendment to Cenuco&#146;s Amended and Restated Certificate of Incorporation, as
amended, increasing the authorized shares of the Cenuco Common Stock to such number as,
at a minimum, would permit the conversion of all the shares of the Series&nbsp;A Preferred
Stock and any other shares of Cenuco Common Stock that may be issued in connection with
the Merger and (b)&nbsp;the issuance of the shares of Cenuco Common Stock upon conversion of
all of the shares of the Series&nbsp;A Preferred Stock (collectively, the &#147;Voting
Proposals&#148;).</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>The Merger Agreement obligates the Board of Directors of Cenuco, as soon as
practicable after the Effective Time, to call a meeting of Cenuco stockholders to
consider and vote upon the Voting Proposals. Steven Bettinger, Cenuco&#146;s President
and Chief Executive Officer, a member of its board of directors and the beneficial
owner of 3,817,767 shares of Cenuco Common Stock (representing approximately 27.8%
of Cenuco&#146;s outstanding shares of Common Stock) has entered into a voting agreement
with Hermes that provides, among other things, that he will vote his shares of
Cenuco Common Stock in favor of the Voting Proposals. In addition, certain other
stockholders of Cenuco, owning an aggregate of 3,402,887 shares of Cenuco Common
Stock (representing approximately 24.7% of the outstanding shares of Cenuco Common
Stock) have agreed to vote their shares in favor of the Voting Proposals. Because
the Cenuco stockholders who have agreed to vote their shares in favor of the Voting
Proposals hold approximately 52.5% of the outstanding shares of Cenuco Common Stock,
their vote in favor of the Voting Proposals will be sufficient to approve the Voting
Proposals without the vote of any other Cenuco stockholder if no additional shares
of Cenuco Common Stock are issued prior to the record date for the stockholder
meeting.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>The Conversion Ratio set forth above assumes that no existing options or warrants
are exercised prior to the date of conversion of the Series&nbsp;A Preferred Stock into
Cenuco Common Stock. Any such exercise would result in an adjustment in the
Conversion Ratio and the number of shares of Cenuco Common Stock issuable upon
conversion to retain the 65% ratio. The Conversion Ratio and the shares of Cenuco
Common Stock issuable upon conversion are also subject to adjustment upon the
occurrence of stock splits, stock dividends or similar events. The holders are also
protected in the event of a subsequent merger or consolidation of Cenuco where it is
not the survivor or a sale of substantially all of Cenuco&#146;s assets.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD><U>No Fractional Shares</U>. No fractional shares of the Cenuco Common Stock shall
be issued, whether upon conversion of the Series&nbsp;A Preferred Stock or the</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">-5-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>distribution of the Additional Shares to the current holders of Hermes Membership
Interests. Instead, the holder will be paid the fair market value of what would
have been a fractional share of Cenuco Common Stock.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD><U>Rank</U>. Shares of the Series&nbsp;A Preferred Stock shall rank prior to shares of
Cenuco Common Stock with respect to the distribution of assets upon the liquidation,
dissolution or winding up of Cenuco, whether voluntary or involuntary.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD><U>Liquidation Preference</U>. Upon the liquidation, dissolution or winding up of
Cenuco, the holders of the Series&nbsp;A Preferred Stock shall be entitled to a preferential
payment of $1,000 and would then share with the holders of Cenuco Common Stock (on an
as converted basis) in any amount in excess of $.10 per share payable to holders of
Cenuco Common Stock.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD><U>Voting</U>. (a)&nbsp;the holders of Series&nbsp;A Preferred Stock vote, as a single class
with the holders of the Cenuco Common Stock, on all matters submitted to a vote of, or
the consent of, the holders of the Cenuco Common Stock, each holder of shares of the
Series&nbsp;A Preferred Stock to have that number of votes equal to the number of shares of
Cenuco Common Stock as to which such shares of the Series&nbsp;A Preferred Stock would be
converted upon a mandatory conversion and (b)&nbsp;the holders of Series&nbsp;A Preferred Stock
vote as a separate class on any matter that would have an adverse
effect on their shares. The holders of Series&nbsp;A Preferred Stock will not have the right to vote on any
matters relating primarily to the Merger Agreement, including approval of the issuance
of shares of Cenuco Common Stock upon conversion of the Series&nbsp;A Preferred Stock and an
amendment to Cenuco&#146;s charter increasing the authorized number of shares of Cenuco
Common Stock.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Conditions to Closing</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The closing of the transactions contemplated by the Merger Agreement will occur upon the
occurrence of certain events and the fulfillment by the parties thereto of certain conditions,
unless waived, including, without limitation:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>Cenuco having cash and cash equivalents on hand of approximately $6&nbsp;million, subject
to no liens;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>termination of the employment agreement between Steven Bettinger and Cenuco and the
execution of a new employment agreement providing that Mr.&nbsp;Bettinger will serve as Vice
President of Corporate Development and Investor Relations post-Merger for a term of at
least three (3)&nbsp;years with an annual salary of $250,000;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>the absence of any events that could reasonably be expected to have a material
adverse effect on either party; and</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">-6-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>Cenuco having received a fairness opinion from a recognized appraisal firm
confirming that the Merger is fair to the holders of Cenuco Common Stock from a
financial point of view.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Termination</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Merger Agreement may be terminated as follows:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>by mutual written consent of the parties;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>by either party if the closing has not occurred by June&nbsp;30, 2005; <I>provided </I>neither
party may terminate the Merger Agreement if the Closing has not occurred as a result of
such party&#146;s willful failure to perform any of its obligations under the Merger
Agreement;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>by either party upon a material breach of any representation, warranty, covenant or
agreement of the other party or if any representation or warranty of the other party
becomes untrue due to events or circumstances that cause or could reasonably be
expected to result in a material adverse effect on such party;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>by either party if any law or regulation is enacted that makes the consummation of
the transactions contemplated by the Merger Agreement illegal or otherwise prohibited
or if any order or decree is entered enjoining either party from consummating the
transactions contemplated by the Merger Agreement; or</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>by Hermes, if Hermes has reasonably determined in good faith that any reports filed
by Cenuco with the Commission contain an untrue statement of a material fact or omit to
state a material fact.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Either party may:


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>extend the time for the performance of any of the obligations or other acts by the
other party;</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>waive any inaccuracies in the representations and warranties of the other party
contained in the Merger Agreement or in any document delivered by the other party
pursuant hereto; and</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="3%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>waive compliance with any of the agreements or conditions of the other party
contained in the Merger Agreement.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Merger Agreement provides that Cenuco will pay to Hermes a termination fee in the amount
of $500,000 in the event Hermes terminates the Merger Agreement because of Cenuco&#146;s material breach
of the Merger Agreement or if Hermes determines that any reports filed by Cenuco with the
Commission contain an untrue statement of a material fact or omit a material fact. Any such
termination fee must be paid to Hermes within ten days after the termination date.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Merger Agreement provides, in the event Cenuco terminates the Merger Agreement because of
Hermes&#146; material breach of the Merger Agreement, that Hermes will pay or reimburse Cenuco for all
reasonable, necessary and documented fees and expenses incurred by


<P align="center" style="font-size: 10pt">-7-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">Cenuco in connection with the Merger Agreement and the transactions contemplated thereby, and
in connection with the negotiation, preparation, execution, delivery and performance of the Merger
Agreement, including legal, accounting, consulting and other professional fees. Any such expenses
must be paid to Cenuco within ten days after presentation to Hermes of appropriate documentation.

<!-- link1 "VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF" -->

<P align="center" style="font-size: 10pt"><B>VOTING SECURITIES AND PRINCIPAL HOLDERS THEREOF</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;As of the Record Date, there were 13,750,556 shares of the Cenuco Common Stock issued,
outstanding and entitled to vote. There is no other class of capital stock currently issued and
outstanding and, accordingly, entitled to vote. Each stockholder of record is entitled to cast, in
person or by proxy when a stockholder vote is solicited, one vote for each share of the Cenuco
Common Stock held by such stockholder. As indicated in the section &#147;Introduction&#148; elsewhere in
this Information Statement, <B>NO VOTE OR OTHER ACTION OF CENUCO&#146;S STOCKHOLDERS IS REQUIRED IN
CONNECTION WITH THIS INFORMATION STATEMENT</B>.


<P align="left" style="font-size: 10pt"><B>Pre-Merger Ownership Table</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth, as of the Record Date, certain information with respect to (i)
any person known to Cenuco who beneficially owned more than 5% of the Cenuco Common Stock, (ii)
each director of Cenuco, (iii)&nbsp;the Chief Financial Officer and the Named Executive Officers (as
defined in the section &#147;Compensation of Directors and Executive Officers &#151; Summary Compensation
Table&#148; elsewhere in this Information Statement) and (iv)&nbsp;all directors and executive officers as a
group. Each beneficial owner who is a natural person has advised Cenuco that he has sole voting
and investment power as to the shares of Cenuco Common Stock, except that, until an option or a
warrant is exercised, there is no voting right and except as noted in the Notes to the table.
Unless otherwise indicated, the address for the stockholder is 6421 Congress Avenue, Suite&nbsp;201,
Boca Raton, Florida 33487.


<P align="center" style="font-size: 10pt">-8-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of Shares of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cenuco Common Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name and Address of Beneficial Owner</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Beneficially Owned</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Percentage % (1)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3,817,767 </TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">27.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert Picow</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">187,715</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">1.4</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jordan Serlin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">40,000</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adam Wasserman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,196</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Andrew Lockwood</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73,930</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jack Phelan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,500</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hermes Acquisition Company I LLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3,817,767 </TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">27.8</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-0px">One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Warren Gilbert</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,223,056</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">8.9</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
        <TD><DIV style="margin-left:15px; text-indent:-0px">1800 North East 114<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> Street<BR>
Miami, Florida 33181</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Stanley Snyder</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">753,611</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.5</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
        <TD><DIV style="margin-left:15px; text-indent:-0px">3675 North Country Club Drive, No.&nbsp;1906<BR>
North Miami, Florida 33181</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Fred Mack</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">786,300</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">5.7</TD>
    <TD nowrap>%</TD>
</TR>
<TR valign="bottom">
        <TD><DIV style="margin-left:15px; text-indent:-0px">2115 Linwood Avenue<BR>
Fort Lee, New Jersey 07024</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All executive officers and Directors
as a group (6 persons)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,264,108</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">31.0</TD>
    <TD nowrap>%</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left">
<!-- /TOC -->
</DIV>


<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Less than one percent</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">The percentages computed in the table are based upon 13,750,556 shares of the Cenuco Common
Stock that were outstanding on the Record Date.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Mr.&nbsp;Bettinger entered into a voting agreement with Hermes prior to the Record Date pursuant to
which he has agreed to vote his shares in favor of the Voting Proposals. As a result of the voting
agreement, Hermes may be deemed to be the beneficial owner of 3,817,767 shares of Cenuco Common
Stock.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 20,000 stock options exercisable within 60&nbsp;days of the Record Date.</TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the proposed persons to be elected as a director and/or officer of Cenuco if the
Merger is consummated has advised Cenuco that he owns no shares of the Cenuco Common Stock as of
the Record Date. Each of the persons in the preceding table has advised Cenuco that he owns no
Hermes Membership Interests and, accordingly, will receive no shares of Series&nbsp;A Preferred Stock
upon the consummation of the Merger.


<P align="left" style="font-size: 10pt"><B>Post-Merger ownership Table</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table assumes that the Merger was consummated as of the Record Date and that an
aggregate of 2,553.6747 shares of Series&nbsp;A Preferred Stock to be issued upon consummation of the
Merger were converted into 25,536,747 shares of Cenuco Common Stock as of the Record Date. The
following table sets forth certain information with respect to (i)&nbsp;each person who, to the
knowledge of Cenuco and Hermes, would be the beneficial owner of more than 5% of the Cenuco Common
Stock post-Merger, (ii)&nbsp;each director of Cenuco post-Merger, (iii)&nbsp;the Chief Executive Officer of
Cenuco post-Merger, (iv)&nbsp;all directors and executive officers as a group post-Merger and (v)&nbsp;the
directors of Cenuco pre-Merger. Each beneficial owner who is a natural person has advised Cenuco
and Hermes that he will have sole voting and investment


<P align="center" style="font-size: 10pt">-9-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">power as to the shares of Cenuco Common Stock, except that, until an option or a warrant is
exercised, there is no voting right.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of Shares of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Cenuco Common Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name and Address of Beneficial Owner</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Beneficially Owned</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Percentage % (1)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3,917,767</TD>
    <TD nowrap>(2)(3)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">9.95</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert Picow</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">196,049</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jordan Serlin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">80,000</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Adam Wasserman</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">72,196</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Andrew Lockwood</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">83,930</TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jack Phelan</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">82,500</TD>
    <TD nowrap>(7)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Hermes Acquisition Company I LLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">7,320,654</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">18.6</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
        <TD><DIV style="margin-left:15px; text-indent:-0px">One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Dana Holdings LLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,214,699</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">26.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><DIV style="margin-left:15px; text-indent:-0px">c/o Lander Co., Inc.<BR>
One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">MarNan LLC</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,214,699</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">26.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
        <TD><DIV style="margin-left:15px; text-indent:-0px">c/o Lander Co., Inc.<BR>
One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
        <TD><DIV style="margin-left:15px; text-indent:-15px">Franco S. Pettinato</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,276,837</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-0px">c/o Lander Co., Inc.<BR>
One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Edward J. Doyle</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,276,837</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">3.2</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
        <TD><DIV style="margin-left:15px; text-indent:-0px">316 Perry Cabin Drive<BR>
St. Michael&#146;s, MD 21663</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kenneth D. Taylor</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><DIV style="margin-left:15px; text-indent:-0px">1775 York Avenue, Apt. 29H<BR>
New York, NY 10128</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Francis Ziegler</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
        <TD><DIV style="margin-left:15px; text-indent:-0px">100 Roebling Road<BR>
Bernardsville, NJ 07924</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Joseph A. Falsetti</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><DIV style="margin-left:15px; text-indent:-0px">c/o Lander Co., Inc.<BR>
One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brian J. Geiger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
        <TD><DIV style="margin-left:15px; text-indent:-0px">c/o Lander Co., Inc.<BR>
One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William B. Acheson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">*</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
        <TD><DIV style="margin-left:15px; text-indent:-0px">c/o Lander Co., Inc.<BR>
One Palmer Square, Suite&nbsp;330<BR>
Princeton, NJ 08542</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">All executive officers and Directors
3 as a group (10 persons)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">6,819,686</TD>
    <TD nowrap>(9)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">17.3</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">*</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Less than one percent</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">The percentages computed in the table are based upon the assumption that 13,750,556 shares of
the Cenuco Common Stock were outstanding as of the Effective Time and 2,553.6747 shares of the
Series&nbsp;A Preferred Stock issuable upon the Merger were converted into 25,536,747 shares of the
Cenuco Common Stock, or an aggregate of 39,287,303 shares of the Cenuco Common Stock were
outstanding as of the Record Date. Effect is given, pursuant to Rule&nbsp;13d-3(d)(1)(i) under the
Exchange Act, to the shares issuable upon the exercise of options which vest as a result of the
Merger only in those rows as to the holders of such shares.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">-10-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Mr.&nbsp;Bettinger and certain other stockholders have agreed to vote their shares in favor of the
Voting Proposals. As a result of such agreements, Hermes may be deemed to be the beneficial owner
of 7,320,654 shares of Cenuco Common Stock, which includes 100,000 shares of Cenuco Common Stock
subject to options that are exercisable at the discretion of Mr.&nbsp;Bettinger within 60&nbsp;days of the
Record Date.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 100,000 stock options exercisable within 60&nbsp;days of the Record Date.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 8,334 stock options exercisable within 60&nbsp;days of the Record Date.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 60,000 stock options exercisable within 60&nbsp;days of the Record Date.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 10,000 stock options exercisable within 60&nbsp;days of the Record Date.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(7)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Includes 10,000 stock options exercisable within 60&nbsp;days of the Record Date.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(8)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Joseph A. Falsetti, the President and Chief Executive Officer of Cenuco post-Merger, owns a
48.4375% percentage interest in, and is a manager of, Dana Holdings LLC. Mr.&nbsp;Falsetti disclaims
beneficial ownership of the shares of Cenuco Common Stock that are beneficially owned by Dana
Holdings LLC.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(9)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Brian J. Geiger, the Chief Financial Officer of Cenuco post-Merger, owns a 3.125% percentage
interest in Dana Holdings LLC and a 3.125% percentage interest in MarNan LLC. Mr.&nbsp;Geiger disclaims
beneficial ownership of the shares of Cenuco Common Stock that are beneficially owned by Dana
Holdings LLC and MarNan LLC.
</TD>
</TR>

</TABLE>




<!-- link1 "INFORMATION RELATING TO DIRECTORS AND EXECUTIVE OFFICERS" -->

<P align="center" style="font-size: 10pt"><B>INFORMATION RELATING TO DIRECTORS AND EXECUTIVE OFFICERS</B>



<P align="left" style="font-size: 10pt"><B>Change in Cenuco Board of Directors</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In accordance with the Merger Agreement, Messrs.&nbsp;Steven M. Bettinger, Andrew Lockwood and Jack
P. Phelan will resign as directors of Cenuco effective as of the Effective Time. Robert Picow will
continue to serve as a director of Cenuco after the Effective Time. Messrs.&nbsp;Falsetti, Taylor,
Doyle and Ziegler will be appointed as members of Cenuco&#146;s Board of Directors to serve until the
next Annual Meeting of Stockholders and until their successors are duly elected and qualified. See
also the subsection captioned &#147;Directors and Officers&#148; in the section &#147;Information Regarding the
Merger Transaction&#148; elsewhere in this Information Statement.


<P align="center" style="font-size: 10pt">-11-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>Directors and Executive Officers</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth the name and age of each of the prospective new directors and
each person who will become an executive officer as of the Effective Time:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="75%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="40%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="45%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Age</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Position</B></TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Joseph A. Falsetti</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">48</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President, Chief Executive Officer and New Director</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Brian J. Geiger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">61</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Financial Officer</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">William B. Acheson</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">55</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of Global Sales</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Franco Pettinato</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">39</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Senior Vice President of Operations</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Kenneth D. Taylor</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">71</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New Director</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Edward J. Doyle</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">62</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New Director</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Francis Ziegler</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">64</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">New Director</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><B>Business History</B>



<P align="left" style="font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Officers of Cenuco</I>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jordan Serlin is currently the Chief Operating Officer of Cenuco. Mr.&nbsp;Serlin will become the
President of the new Cenuco Wireless Data Products and Technology Division. Mr.&nbsp;Serlin has served
as Cenuco&#146;s Chief Operating Officer since mid-2003. Mr.&nbsp;Serlin previously served as Chief
Executive Officer, Americas for United Kingdom based Tenestra, Ltd. Tenestra was a leading global
developer of component hardware and software for digital and embedded wireless closed circuit
television security surveillance systems. Mr.&nbsp;Serlin assisted in the successful sale of Tenestra&#146;s
core technologies to General Electric&#146;s security subsidiary in late 2002. Mr.&nbsp;Serlin previously
served as the chief marketing executive for FortuneCity, an online services provider.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Doug McMillan has served as the Director of Marketing and Sales of Cenuco since 2004. Mr.
McMillan will become the Chief Marketing Officer of the new Cenuco Wireless Data Products and
Technology Division. Mr.&nbsp;McMillan brings 38&nbsp;years of sales and marketing experience to his new
position. His 28&nbsp;years at IBM included: 16&nbsp;years in direct field sales ending as National Account
Sales Manager for the Data Processing Division, 10&nbsp;years in senior marketing roles for the IBM PC
Company, and 2&nbsp;years as Assistant to the Corporate Vice President of Marketing, covering all of IBM
worldwide. In his 10&nbsp;years at Tyco/Sensormatic, Mr.&nbsp;McMillan was in charge of marketing
Tyco/Sensormatic CCTV products globally, a $250&nbsp;million division. He worked closely with both
retail and commercial customers in defining new products, especially digital video recording and
networked systems.


<P align="center" style="font-size: 10pt">-12-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steven Bettinger has served as the President and Chief Executive Officer of Cenuco since 1993.
Following the Merger, Mr.&nbsp;Bettinger will serve as Vice President of Corporate Development and
Investor Relations of Cenuco.


<P align="left" style="font-size: 10pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Directors and Officers</I>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joseph A. Falsetti will join Cenuco as Chairman of the Board and Chief Executive Officer. Mr.
Falsetti has served as Chairman and Chief Executive Officer of Lander Co., Inc. since June&nbsp;13,
2004. Mr.&nbsp;Falsetti co-founded and was Chairman and Chief Executive Officer of eGames, a consumer
product entertainment company. Mr.&nbsp;Falsetti founded and was President and CEO of Galaxy Software,
where he developed several leading brands including Picture It&#153;, which was sold to Microsoft
Corporation. Prior to that position, he was a Director with Unisys Corporation. Mr.&nbsp;Falsetti is
an engineering graduate of the College of New Jersey.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brian J. Geiger will join Cenuco as Chief Financial Officer. Mr.&nbsp;Geiger has served as Senior
Vice President, Finance, and Chief Financial Officer of Lander Co., Inc. since June&nbsp;1, 2004. He
has thirty-five years of broad based financial and general business experience with major division
of Johnson and Johnson, a $20.0&nbsp;billion global diversified health care corporation, as well as with
an $800&nbsp;million private equity corporation.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;William B. Acheson will join Cenuco as Vice President of Global Sales. Mr.&nbsp;Acheson has served
as Vice President, Global Sales of Lander Co., Inc. since June&nbsp;13, 2003. From 1997 until joining
Lander Co., Inc., he was Vice President of Business Development for eGames. Prior to eGames, Mr.
Acheson served as Senior Vice President, Mass Cosmetics Division at Revlon, Inc.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kenneth D. Taylor has served as Chairman of Taylor &#038; Ryan, Inc. since 1991. Prior to joining
Taylor &#038; Ryan, Inc. Mr.&nbsp;Taylor served as a diplomat in the Canadian Foreign Service and resigned
from that post in 1984. Mr.&nbsp;Taylor presently serves as a director of Hydro One, Devine
Entertainment Corp. and SkyLink Aviations, Ltd., all of which are located in Toronto, Canada.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Edward J. Doyle has served as the sole proprietor of Zephyr Ventures LLC since 2003 and
managing director of The Hermes Group LLC since 2002. From 1999 to 2002, Mr.&nbsp;Doyle served as
managing principal of Hamilton Capital Group LLC. From 1981 unto 1996, he served as Divisional
Vice President of Mars Incorporated.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Francis Ziegler retired in April, 2004 from his position as President and Chief Executive
Officer of Claneil Enterprises, Inc., a privately owned holding company. He joined Claneil in 1993
after thirty years as an operations and marketing executive with Johnson &#038; Johnson. During his
career with Johnson &#038; Johnson, he served as President of five subsidiary companies. Mr.&nbsp;Ziegler
presently serves as a director of S&#038;H Green Points, Inc. and Rinaldi Enterprises.


<P align="left" style="font-size: 10pt"><B>Directorships of Other Public Companies</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Except as disclosed above in the subsection captioned &#147;Business History&#148; of this section
&#147;Information Relating to Directors and Executive Officers,&#148; no new director serves as a director of
a company with a class of securities registered pursuant to Section&nbsp;12 of the Exchange Act or


<P align="center" style="font-size: 10pt">-13-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">any company registered as an investment company under the Investment Company Act of 1940, as
amended.


<P align="left" style="font-size: 10pt"><B>Information Regarding the Continuing Director</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Robert Picow, 49, has served as chairman of the Board of Directors of Cenuco since April&nbsp;22,
2004, and as a director since July of 2003. Following the Merger, Mr.&nbsp;Picow will become the Chief
Executive Officer of the newly created Cenuco Wireless Data Products and Technology Division. Mr.
Picow will continue to serve as a Director of Cenuco and will also serve as a Director of Lander
Co., Inc. In 1982, Mr.&nbsp;Picow founded Allied Distributors, a commercial and consumer electronics
distributorship based in Philadelphia. In 1986, Allied Communications was formed and the company
focused on cellular telephones and related products. Allied Communications became one of the
leaders in this field and Mr.&nbsp;Picow served as Chief Executive Officer until its merger in 1996 with
Brightpoint, Inc., a publicly traded communications company with current annual sales of
approximately $2&nbsp;billion (NASDAQ: CELL). Mr.&nbsp;Picow served as Vice Chairman and a director at
Brightpoint until 1997. Mr.&nbsp;Picow served as a director of S.B.A. Communications for a two-year
term and is now a director of Streicher Mobile Fueling and Fundamental Management Corporation, a
private fund management company. Mr.&nbsp;Picow also serves on the Board of Trustees of the Children&#146;s
Place at Home Safe, a Palm Beach based charity.


<P align="left" style="font-size: 10pt"><B>Compliance with Section&nbsp;16(a) of the Exchange Act</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Based solely on a review of Forms 3 and 4 furnished to Cenuco under Rule&nbsp;16a-3 promulgated
under the Exchange Act, with respect to the fiscal year ending June&nbsp;30, 2004, Cenuco is not aware
of any director or executive officer of Cenuco who failed to file on a timely basis, as disclosed
in such forms, reports required by Section 16(a) of the Exchange Act during the fiscal year of
Cenuco ending June&nbsp;30, 2004.


<P align="left" style="font-size: 10pt"><B>Code of Ethics</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board of Directors of Cenuco has adopted a Code of Ethics that applies to all of Cenuco&#146;s
employees, officers and directors, including Cenuco&#146;s Chief Executive Officer, Chief Financial
Officer, Chief Accounting Officer and Controller. The Code of Ethics is located on Cenuco&#146;s web
site at http://www.cenuco.com under &#147;Investor Relations.&#148;


<P align="left" style="font-size: 10pt"><B>Board Committees</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The sole standing committee of Cenuco&#146;s Board of Directors is the audit committee, consisting
of Jack Phelan and Andrew Lockwood, each of whom is independent as defined and required by the
rules of the American Stock Exchange. Cenuco&#146;s Board of Directors has determined that Jack Phelan
is also an &#147;audit committee financial expert&#148; as defined by Item 401(h) of Regulation&nbsp;S-K
promulgated by the Commission.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The audit committee generally has responsibility for appointing, overseeing, and determining
the compensation of Cenuco&#146;s independent auditor, reviewing the plan and scope of the auditor&#146;s
audit, reviewing Cenuco&#146;s audit and control functions, approving all permitted non-audit services
provided by Cenuco&#146;s independent auditor, and reporting to Cenuco&#146;s full Board


<P align="center" style="font-size: 10pt">-14-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">of Directors regarding all of the foregoing. The audit committee meets with the independent
auditor and its management in connection with its review and approval of (i)&nbsp;the unaudited
financial statements for inclusion in Cenuco&#146;s quarterly reports on Form 10-QSB and (ii)&nbsp;the annual
audited financial statements for inclusion in Cenuco&#146;s Annual Report on Form 10-KSB. Additionally,
the audit committee provides the Board of Directors with such additional information and materials
as it may deem necessary to make the Board of Directors aware of significant financial matters that
require its attention. The audit committee&#146;s goals and responsibilities are set forth in an audit
committee charter, a copy of which is attached to the proxy statement for the annual meeting of
stockholders held on January&nbsp;27, 2005 and filed with the Commission on December&nbsp;27, 2004.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenuco does not have a compensation committee or a nominating committee. Decisions concerning
executive officer compensation for fiscal year 2004 were made by the full Board of Directors. Mr.
Bettinger is the only director who is also an officer.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenuco does not have a nominating committee because the Board of Directors believes that as a
small business issuer, it is not necessary for Cenuco to have a separate nominating committee.
Rather, the full Board of Directors participates in the consideration of director nominees. At
this time the Board of Directors does not have a policy with regard to the consideration of any
director candidates recommended by stockholders because historically Cenuco has not received
recommendations from its stockholders and the costs of establishing and maintaining procedures for
the consideration of stockholder nominations would be overly burdensome.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;In making its nominations, the Board of Directors identifies candidates who meet the current
challenges and needs of the Board of Directors. In determining whether it is appropriate to add or
remove individuals, the Board of Directors will consider issues of judgment, diversity, age,
skills, background and experience. In making such decisions, the Board of Directors considers,
among other things, an individual&#146;s business experience, industry experience, financial background
and experiences. The Board of Directors uses multiple sources for identifying and evaluating
nominees for Directors including referrals from current directors and input from third party
executive search firms.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Until the new directors take office, no decision has been made as to restaffing the audit
committee or adding a nominating committee or a compensation committee.


<P align="left" style="font-size: 10pt"><B>Hermes Executive Compensation</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Joseph A. Falsetti, Lander&#146;s Chief Executive Officer, was paid compensation from Hermes and
its subsidiaries of $140,224 and $246,440 for the fiscal years ended February&nbsp;29, 2004 and February
28, 2005, respectively. Frank Pettinato was paid compensation from Hermes and its subsidiaries of
$156,877 and $208,552 for the fiscal years ended February&nbsp;29, 2004 and February&nbsp;28, 2005,
respectively. Brian Geiger was paid compensation from Hermes and its subsidiaries of $143,029 for
the fiscal year ended February&nbsp;28, 2005. William Acheson was paid compensation of $224,767 and
$232,767 for the fiscal years ended February&nbsp;29, 2004 and February&nbsp;28, 2005, respectively.


<P align="center" style="font-size: 10pt">-15-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>Hermes Certain Relationships and Related Transactions</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There were no transactions or proposed transactions during the last two years to which Hermes
was or is to be a party, in which any manager or officer of Hermes, any beneficial owner of record
of more than five percent of any class of voting securities of Hermes or any of their immediate
family members had or is to have a direct or indirect material interest.


<P align="left" style="font-size: 10pt"><B>Hermes Legal Proceedings</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hermes is not aware of any legal proceedings in which any manager, officer or affiliate of
Hermes, any beneficial owner of record of more than five percent of any class of voting securities
of Hermes, or any associate of any such manager, officer, affiliate of Hermes, or security holder
is a party adverse to Hermes or any of its subsidiaries or has a material interest adverse to
Hermes or any of its subsidiaries or to Cenuco.

<!-- link1 "COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS" -->

<P align="center" style="font-size: 10pt"><B>COMPENSATION OF DIRECTORS AND EXECUTIVE OFFICERS</B>



<P align="left" style="font-size: 10pt"><B>Summary Compensation Table</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table provides certain summary information concerning the compensation earned
for services rendered in all capacities to Cenuco during each of the last three fiscal years by
Cenuco&#146;s President and Chief Executive Officer, Chairman of the Board and Chief Operating Officer
(the &#147;Named Executive Officers&#148;) during the past three full fiscal years. No other executive
officer of Cenuco earned in excess of $100,000 during Fiscal 2004, 2003 and 2002:

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="30%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="14" style="border-bottom: 1px solid #000000"><B>Annual Compensation</B></TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Other</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Annual</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Restricted</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>All Other</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Compen-</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Stock</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Underlying</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Compen-</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name and Principal Position</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Year</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Salary($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Bonus($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>sation($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Awards ($)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Options(#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>sation($)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">242,692</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">71,000</TD>
    <TD nowrap>(1)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">97,000</TD>
    <TD nowrap>(4)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">President and Chief Executive</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">250,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">82,000</TD>
    <TD nowrap>(2)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">42,000</TD>
    <TD nowrap>(5)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">239,615</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">15,000</TD>
    <TD nowrap>(3)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">35,000</TD>
    <TD nowrap>(6)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom" style="padding-top: 0em">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert Picow,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">449,300</TD>
    <TD nowrap>(7)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">9,700</TD>
    <TD nowrap>(8)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chairman of the Board</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">6,500</TD>
    <TD nowrap>(9)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>


<TR><TD>&nbsp;</TD></TR>

<TR valign="bottom" style="padding-top: 0em; background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jordan Serlin,</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2004</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">19,231</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">86,000</TD>
    <TD nowrap>(10)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">37,659</TD>
    <TD nowrap>(12)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">58,200</TD>
    <TD nowrap>(11)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Chief Operating Officer</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2003</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2002</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right">-0-</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>




<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 100,000 shares of Cenuco Common Stock at a fair market value of $0.71
on the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(2)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 100,000 shares of Cenuco Common Stock at a fair market value of $0.82
on the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(3)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 42,857 shares of Cenuco Common Stock to Steven Bettinger at a fair
market value of $0.35 on the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(4)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 100,000 stock options granted at a fair market value on date of grant of $0.97.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(5)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 100,000 stock options granted at an exercise price of $.42.</TD>
</TR>

</TABLE>


<P align="center" style="font-size: 10pt">-16-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">





<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(6)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 100,000 stock options granted at an exercise price of $.35.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(7)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 125,000 shares of common stock at a average fair market value of $3.59
on the date of issuance which were issued in lieu of a salary.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(8)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 10,000 stock options granted at a fair market value on date of grant of $0.97.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(9)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 5,000 stock options granted at a fair market value on date of grant of $1.30.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(10)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents the issuance of 20,000 shares of Cenuco Common Stock at a fair market value of $4.30 on
the date of issuance.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(11)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents value of 60,000 stock options granted at a fair market value on date of grant of $0.97.</TD>
</TR>

<TR><TD>&nbsp;</TD></TR>

<TR valign="top">
    <TD width="1%" nowrap align="left">(12)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Represents amount paid during year as independent contractor.</TD>
</TR>

</TABLE>



<P align="left" style="margin-left: 0%; text-indent: 0%; margin-right: 0%; font-size: 10pt">The following table sets forth information concerning individual grants of options made
during Fiscal 2004 to the Named Executive Officers.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>% of Total</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of Shares</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Options Granted</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Exercise or</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Underlying Options</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>to Employees in</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Base Price</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Expiration</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Granted (#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Fiscal Year</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>($/Sh)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Date</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">100,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">19.8</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center" nowrap>January 2014</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert Picow</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">2.0</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">January 2014</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jordan Serlin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">11.9</TD>
    <TD nowrap>%</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.15</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align="center">January 2014</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="left" style="font-size: 10pt"><B>Stock Options Held At June&nbsp;30, 2004</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table indicates the total number of exercisable and unexercisable stock
options held by Named Executive Officers as of June&nbsp;30, 2004.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Number of Securities</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Value of Unexercised</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>Underlying Unexercised</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6"><B>In-the-Money</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Options at Fiscal Year-End (#)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000"><B>Options at Fiscal Year-End ($) (1)</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Exercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Unexercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Exercisable</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>Unexercisable</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Steven M. Bettinger</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">200,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">200,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">696,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">696,000</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Robert Picow</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,667</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,333</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,801</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">46,399</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Jordan Serlin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">60,000</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">208,800</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Value of options held as of June&nbsp;30, 2004 is based on the AMEX last
sales price for Cenuco Common Stock on May&nbsp;5, 2005 in the amount of
$3.48 per share of Cenuco Common Stock.</TD>
</TR>

</TABLE>



<P align="left" style="font-size: 10pt"><B>Director Compensation</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenuco does not currently pay any cash directors&#146; fees, but Cenuco pays the expenses of its
directors in attending board meetings. For the fiscal year ended June&nbsp;30, 2004, options and/or
other equity grants to directors were as follows:


<P align="left" style="margin-left:6%; margin-right:6%; font-size: 10pt">Jack Phelan and Andrew Lockwood &#151; Each received 27,500 shares of Cenuco Common Stock
and 10,000 stock options to acquire 10,000 shares of Cenuco Common Stock at an
exercise price of $1.15.


<P align="center" style="font-size: 10pt">-17-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">

<P align="left" style="font-size: 10pt"><B>Employee Stock Option Plan</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;While Cenuco has been successful in attracting and retaining qualified personnel, Cenuco
believes that its future success will depend in part on its continued ability to attract and retain
highly qualified personnel. Cenuco pays wages and salaries that Cenuco believes are competitive.
Cenuco also believes that equity ownership is an important factor in its ability to attract and
retain skilled personnel. In 2000, Cenuco adopted the 2000 Option Plan, as amended (the &#147;Plan&#148;).
The purpose of the Plan is to further Cenuco&#146;s interests, and its subsidiaries&#146; and stockholders&#146;
interests, by providing incentives in the form of stock options to key employees, consultants,
directors and others who contribute materially to Cenuco&#146;s success and profitability. The grants
recognize and reward outstanding individual performances and contributions and will give such
persons a proprietary interest in Cenuco, thus enhancing their personal interest in Cenuco&#146;s
continued success and progress. The Plan also assists Cenuco and its subsidiaries in attracting
and retaining key employees and directors. The Plan is administered by the Board of Directors.
The Board of Directors has the exclusive power to select the participants in the Plan, to establish
the terms of the options granted to each participant, provided that all options granted shall be
granted at an exercise price equal to at least 85% of the fair market value of the Cenuco Common
Stock covered by the option on the grant date and to make all determinations necessary or advisable
under the Plan. The number of shares of Cenuco Common Stock that may be issued upon the exercise
of options granted under the Plan is 3,000,000. As of June&nbsp;30, 2004, options to purchase a total
of 1,361,000 shares had been granted pursuant to the Plan, all of which are outstanding and 702,667
of which are exercisable. If the Merger is consummated, all such options remain outstanding
without any change in the terms thereof, except that as a result of the Merger, all outstanding
options will immediately vest and become exercisable.


<P align="left" style="font-size: 10pt"><B>Equity Compensation Plan Information</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following table sets forth information about shares of Cenuco Common Stock that may be
issued upon exercise of options and other stock based awards under Cenuco&#146;s equity compensation
plans as of May&nbsp;5, 2005, including the Plan.

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="70%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Number of Securities</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Securities to be</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>remaining available for</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>issued upon</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>Weighted average</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>future issuance under</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>exercise of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>exercise price of</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>equity compensation</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>outstanding</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>plans (excluding</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>options, warrants,</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>options, warrants</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>securities reflected</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Plan Category</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>and rights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>and rights</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000"><B>in column (a))</B></TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(a)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(b)</B></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2"><B>(c)</B></TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity
Compensation plans
approved by
stockholders</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">556,668</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1.52</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,679,001</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Equity compensation
plans not approved
by stockholders (1)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,230,044</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3.95</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Total</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,786,712</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3.47</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,679,001</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P>
<HR size="1" width="18%" align="left" noshade color="#000000">

<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top">
    <TD width="1%" nowrap align="left">(1)</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="96%">Cenuco has issued the following warrants to purchase
shares of Cenuco Common Stock without the approval of
Cenuco&#146;s stockholders:</TD>
</TR>

</TABLE>



<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>In fiscal 2004, in connection with a private placement,
Cenuco sold one unit for $100,000, comprised of</TD>
</TR>

</TABLE>

<P align="center" style="font-size: 10pt">-18-
</DIV>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#tocpage">Table of Contents</A></H5><P>

<DIV style="font-family: 'Times New Roman',Times,serif">


<P><TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">



</TABLE>


<P>
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">

<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&nbsp;&nbsp;&nbsp;</TD>
    <TD>100,000
shares of Cenuco Common Stock and warrants entitling the
holder to purchase up to 100,000 shares of Cenuco Common
Stock at an exercise price of $1.00.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>In fiscal 2004, Cenuco sold 30,000 units under a private
placement aggregating 1,500,000 shares of Cenuco Common
Stock and warrants to purchase 1,500,000 shares of
Cenuco Common Stock at an exercise price of $4.50 per
share.</TD>
</TR>

<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
<TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
    <TD width="6%" style="background: transparent">&nbsp;</TD>
    <TD width="4%" nowrap align="left">&#149;&nbsp;&nbsp;</TD>
    <TD>In March&nbsp;2004, Cenuco consummated a capital raise
through a private placement offered to accredited
investors. Cenuco offered, through a placement agent,
investment units consisting of 5,000 shares of Cenuco
common stock offered at $4.00 per share with a callable
warrant to purchase 5,000 shares of Cenuco Common Stock
at $4.50 per share. The private placement was originally
to be for a maximum amount of $5,000,000, but was
subsequently increased to a maximum of $6,000,000.</TD>
</TR>

</TABLE>


<P align="left" style="font-size: 10pt"><B>Employment Agreement</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cenuco entered into an employment agreement with Steven Bettinger, its Chief Executive
Officer, for a 24&nbsp;month period ending January&nbsp;1, 2003, subject to automatic renewals of 12-month
terms unless terminated by Cenuco or Mr.&nbsp;Bettinger with 30-days&#146; prior written notice. In addition
to an annual salary of up to $250,000 for Mr.&nbsp;Bettinger, the agreement entitles him to receive
options to purchase 100,000 shares of Cenuco Common Stock each year of employment at fair market
value. These options are issued under the Plan. The options vest 1/3 per year, beginning one year
from the date of grant. The agreement also provides for the receipt of an annual bonus at the
discretion of the Board of Directors. Mr.&nbsp;Bettinger received a discretionary bonus of 100,000
shares of Cenuco Common Stock in each of Fiscal 2004 and 2003. It is a condition to consummation
of the Merger that the current employment agreement with Mr.&nbsp;Bettinger be terminated and that a new
agreement, reasonably acceptable to Mr.&nbsp;Bettinger, Cenuco and Hermes, be entered into pursuant to
which Mr.&nbsp;Bettinger will serve as the Vice President of Corporate Development and Investor
Relations of Cenuco for a period of three years and receive an annual salary of $250,000.


<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are no other relationships with respect to other entities that would require disclosure
herein under Item&nbsp;404 of Regulation&nbsp;S-K.

<!-- link1 "ADDITIONAL INFORMATION" -->

<P align="center" style="font-size: 10pt"><B>ADDITIONAL INFORMATION</B>



<P align="left" style="font-size: 10pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Additional information about the Merger and the related transactions is contained in Cenuco&#146;s
Current Reports on Form 8-K filed on March&nbsp;17, 2005 and May&nbsp;10, 2005 pursuant to Section&nbsp;13 of the
Exchange Act. All of Cenuco&#146;s periodic reports and proxy and information statements and the
exhibits thereto may be inspected without charge at the public reference section of the Commission
at Judiciary Plaza, 450 Fifth Street, N.W., Washington, D.C. 20549. Copies of this material also
may be obtained from the Commission at prescribed rates. The
Commission also maintains a website that contains reports, proxy and information statements
and other information regarding public companies that file reports with the Commission. Copies of
Cenuco&#146;s filings may be obtained from the Commission&#146;s website at http://www.sec.gov.


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left">By Order Of the Board of Directors<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">/s/  Steven Bettinger
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Steven Bettinger&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">President&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<P align="left" style="font-size: 10pt">May&nbsp;10, 2005




<P align="center" style="font-size: 10pt">-19-
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>2
<FILENAME>g95186cenuco.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 g95186cenuco.gif
M1TE&.#EAP0!"`/<``````(````"``("`````@(``@`"`@,#`P,#<P*;*\```
M````"``(``@```@`"`@(``@("!`(`!`0`!`0"!`0$!`8"!@0`!@8`!@8"!@8
M&"$8""$A`"$A""$A(2DA""DI""DI$"DI*3$Q"#$Q,3DQ"#DY"#DY.4)""$)"
M0DI"$$I*0DI*2E)*&%)2"%)2$%)22E)24EI*$%I2`%I2"%I2$%I:"%I:$%I:
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M&/__]____P``````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````````````````````````````````````/_[\*"@I("`@/\```#_
M`/__````__\`_P#______R'Y!```````+`````#!`$(`AP```(````"``("`
M````@(``@`"`@,#`P,#<P*;*\```````"``(``@```@`"`@(``@("!`(`!`0
M`!`0"!`0$!`8"!@0`!@8`!@8"!@8&"$8""$A`"$A""$A(2DA""DI""DI$"DI
M*3$Q"#$Q,3DQ"#DY"#DY.4)""$)"0DI"$$I*0DI*2E)*&%)2"%)2$%)22E)2
M4EI*$%I2`%I2"%I2$%I:"%I:$%I:&%I:6F-:$&-C$&-C8VMK$&MK:W-S"'-S
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M$/?G&/?O"/?O$/?O&/?O(??W]__G&/__]____P``````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M````````````````````````````````````````````````````````````
M`````````/_[\*"@I("`@/\```#_`/__````__\`_P#______PC^`"<)'$BP
MH,&#"!,J7,BPH<.'$"-*G$BQHL6+&#-JW,BQH\>-DCZ*'$FR9$)(=(Z\6+%"
MA0J6,&/*E/DCD<F;.',V_/,#`H"?0(,*'1HTQ!Z=%/\<.'/@#]*G#W<`9?#`
M08.K6+,*92#4*-2'?Z*@6`%C!8HH3K^J+2@F*`LJ5;)<F4*WKETJ5+)DP2("
MJ->U"O^8/0!I$J0#96T"5@L)1M`EBPQ%:D2YLN7+CFKX/;KX(*0=./:PZ6+E
M3*(_.W84[OQT3XC'C0XI:N2HMNW;L1L9>J3YYU_6!-EDN#-I!(XCQB'MZ<`&
M.-([&8*F:**$NI+KV+-G7]+7-V?G`GO^X(`$:82820<HV-S1`WQ.Z$3CRR_Z
M'3P*)@)'=-ES!$5AL>[A!-]\!`[U&W@F1)'?""8P)U`7)D@$R1\4_I'(:A*>
M1N&%&4U8H6('#5C@4`L$52(`!WJFH8481@3)BG^T>!`,[177Q1\]P%#8#SA`
M=``3*W1``049C+"#&"`VM(<5,(20P9`AP!!%?0K]R`03Q$VR1Q0P"$DD"D<<
M$&)T0*50!!)%I##?`S<((<00'VR6T))-#DE!E%:DY5`B7>PPPI,4=+!"F#(.
MU$4(-IDWR1D=7*B?0W?@0.90$)C0'$-A9>`341T<H6="3``E!B1?A+"I4!3\
M\.DD(@(`A2'^BACBQ'P2D,%((XBT(*=!?QS1P:E!01!"%X4:!$D7(P`;%`4P
MT''0'R8PD0@,S>V!PAU6H+`J0F>\1F`&7RPDF+)$P4"E0:'^]$44%!"H(T&M
M3M'((HS,*I\$8U36&XKG6EL@!$P4.U`B/9`[5`=G',1&!TS$*%`B481PZ4)L
MM`O4"#U8T043*)Q*@9@(^>L7#E%\886?09FP+4'I`H##IH+VD*.W0"DX4+RY
M04'K&(P4DMFN-YL05`<DKPO#I!#8?%`B*RP+`Q.D]3!"4.`>=,`*)ARQ,0HP
M@"PN"D!!\$-]B5AA,0`K)$F05#]!L$.6`^W1$U`_"#Q)RVWO0`?^AG?L<*K*
M-T\*P!.T-:+SO?G2-@/0`K']4[,$0=(M4!2<*]`1*9_1XAY,G)J!Y8F<P40/
M3)CF4,L4=(%0%Z>>9]`7IUJ1$.L_49`P0GA3(+NQCD,P<:N$SW9X?!*409DC
MBWM'T!FGUGT0'9/^\/RI_B'TQ=GC:90(S:HAQ#10/18$2=,_98\0)#T`!0.H
M0>&@]D`'Q!YX4,$;3JOQB@/]V<7O#X3Y3R/85OI^T@&O&>L'0,F``2W"O+8Y
M*R%?^$D&5F`0.FQ*@0NY@\4JA[N@3(Q74_L)?@0"O$8([W['2QZ_XC8IU26$
M#NVB@`G@)A#7`&6$<^H`4(Z@D?\!8`3^"TF$&`ZPAVU%`2@KL-M`A*:N#K;-
M;M_[B?1(*+CZ#8\HQ4LAT,X`E`X\\'Q,N<.V&@@`"-#0,P/\88<<(T6+X&"'
M#4GC%-'E%X4TAF[S`XH549@_Y0FD92CHGT.."$`E"@1VM1,D1/X00@"X<"*0
M8"+:KD3)2E82;.4K%B#MR$8`S+&$)[P7_I`'-,>%CR)I-%^5+`:!+U;D#SK\
MB>LF\@>:C4@H:3M(RRAXDDY^LHHFM)\HM>C'29#/DQ;I9(T6LH>S?9`BRP'*
M[29BPUL.)9"Z1"(G\4A%^@7SBD/)8A]7*!!,`H"'%3'G'`,SJ6E6))H_<6=$
MJ@D`.]GSGOC^A$'_=KG--G93C]_D(RF+J4Z+''.=<YK4,VD92P#,4B*U!,H7
MR$/1BEJ4HNS["2_/Y\L\_N0)MVJ$O8B7!F*2TYA`6>9$WO@3E29$@P[$"+2`
MLCL[>D^2.+P(/WO)358)3@HA!:=0+N`&D_[&E`PA#T(0^#A#3J)B;;.<BY3)
MD"/TH&2KZN0I=:I-GOK3I_1S!&6T,)\-U($V`SUIRTR@R$/N0&MGM$(7VRH0
MN=;.J0WQX0B4"`F+9>"9A$31&0\2A8R)0:H[Y6A/6Z4$L38"#/,AP2!NE=;?
ML"&!KC06&Y-6$*C^9('&8BD`4*`1,D(`M,M+X*KH$)2:AJRA.67^65<5^]56
M%>%X;IB/#QQ;V>_`$P"N-0@\?5<01J8T@Y.*;47*HSY!1M%EQCKF<$[B.`H,
M]H^S]4Q'__D3'0B",H0`07P^(`?+J/!`:>S`RBX'%,`5Q(<9>&A!$B':#&36
M(G8M8\`.8H5-V>X@UP/*M59WJJT6)+':7:S@2L"'RG!A`@LXT4\P$`9%A+2W
M!$D/^%8FG!L>9`^3"L%U(7&$4_4`KWOJI,OV=K.YM51@:01`!_8S$$C<H6!^
MN2YV-=I/9'(7``]00R,H&X836*`!$?``#^:@&SX88IPI\B$`3&`Z@?S!"I/:
M*X&[B)8:LT&T*%KO.VV9`12P)TA!"6#^0@03K"CU8`<H:&@]Y7O@[&IVL7(&
M``W\,.1;Y:$-:%B#'2;K"#A(X;N-."^5_@!F&>)@9J=RT/E<7$8WPUEP$OO(
M'8XI'QCH>&!^*U`(Z%QG'GO5QUIJ9-N*<(CC468V(7U#"7(P"+'*@'$/"_5\
M0H#:R+&K0"BX[T82P01342H$TFH(),1@@K,)I0-O8T@4($#M]9WD9=1&IV'`
M_),'Y,`-?7`L90R!!R]X8`$VT$,@`*&K8D;N"\DB2@:BG50VK,#981M!%.B:
MD3UTH0<H&,$(S$QCB(2."3@P@<#-;`5AAT@,$.\U_"`N!E>RP6`5J`$4S.`&
M-X`A"25X0(G^..""%L1``[@FB!"/L`*!FX!D#C\)&Q"N\!&LX`=?$+-(*GH1
MBT*%"?@.R@.&_H`1I<@S&.UYT@/$=&-U07#6-)!4FT[UIPB1"40P@A&.$(2N
M!P$(6C?"#[S>]2,0X0A:WP*_J\[VMKO][7"/N](O2O>ZV_WN>,^[WO?.=Z7*
M'2)[R!$,!D_XPAO^\(A/O.(7S_C&._[Q,%#5WR$R[:A;_O*8S[PU(1`NX79^
M$F)X)"1*EF%I]>H'J.\"';`TD#\P88%WV'<-NX"#XQ"&#:X]0)Z(Y9#]:?[W
MP`_^+8]0J$30.Q$*YTQY,#B)[7U.@S\XPA&^0-]<HD];G1W!4?;^8((01!\'
M(Z`#@`:2K40<@=3GP['PU\_^WT.`^`?Y]T#$$((0V"R2`A=CDSJP!PU^Z@\H
MT`/F9P+GP@;:!X`XH">)0&RD17[^<0#8M">4UGX46('RD30"LP*?!P-'$`4F
M4!B1%`4X<',C4"K]5SE)1P<A@`,A<#L'T`-I88"BP4$'UH!UY1^)@`+H-SMY
M9H$^2($M.">\)A`',`)WL`<CD#"1="-Q=@!L8!0:%`("IS1'-$<IH1@R>"B%
MPC$$D2V%P1X200<=\X-DN'X0X&D*\80/]`,94'L=H"-+.`ETD#!/>()#1$0U
M9`(MAUHR^`494"@>V(75\P/O$A%\TH/^99B(MQ0"$T4Q1C@)L/0#5C")S!&'
M`U&'_D<0@K$#!.->P:%]=S!C!M$%'4`0A"@0A(ABPL6&BMB*!<(P.G<S0UA^
M`P$:EB@0F&@[=$`'=X`^N41?";@'FH.+VC<)I'@$O'@&/<`&=S`"/\"+I.@Z
M8&@1=-`#0>>*K9@!/_!IQF("2((#KL4&!*B!&88"_5=_]0<#71!L<7,679!+
MZ&&.AQ1G'1`"/7`45U./)F`%(+@"CV01O:)JV$B&E9)L$6$%[5$H(&@L`D%W
MXK.0-18Y"R@C$PD_\-AO[V@P`RE\S"(&L3@G,/"1@`$U'[$E*P!U&YEY&0`#
M>8(1=/!Y`0*+,:HH$8E`!^^H*2D9=1#PAE_0BQLQDU`!E!5Q<%VBD2DI+#C`
M!&RP=I/G'!-BDSW0(!1@E!4(`1D0`@&H>@[3E%QI&$JQ+CGR)U1I>58Y`C02
M!4,DDEW9E.1Q&G3`!NMB53M0%BB``B9PEW=9EV3!'AWX!6Q`!RPBE&LYF"=Q
/481YF(B9F(JYF`$2$``[
`
end
</TEXT>
</DOCUMENT>
</SUBMISSION>
