We believe we are focused on the most important trend : Globalization - the convergence of the Internet and Telecommunications and the globalization of the work force.

The popularity of the Internet and the rapidly growing number of web users has leveled the plain field and now allows almost anyone around the world to perform tasks we used to source locally.

This transformation has created an artificial gap in the cost structure of most service businesses and a new opportunity to link the supply and the demand for such services.

To meet this increasing demand, VFX has filed business process patents for a variety of industries which in our opinion will need to be reengineered to adopt to the new competitive environment.

Our first portfolio company www.Arbinet.com was created to take advantage of the 1996 telecom deregulation and replace an environment where bilateral relationships between global operators will be replaced with a market pricing and settlement system similar to the NYSE. The company has emerged as a global leader with revenues projected to exceed $500m for 2004.

Our second portfolio company www.QLimo.net is focused on transforming the cost structure and service level provided in the ground transportation industry.

We work both with internally generated ideas as well as outside entrepreneurs to build global leaders.