Peter J. Porath

Federal Mortgage Corp. of Puerto Rico, Inc. is a holding company and has no business operations. Its wholly owned subsidiary, Pride Lending, Inc., is in the lending business. The Company's source of revenue is from interest on mortgage and other notes receivable. The company was incorporated on January 5, 1970, as Modulated Building Systems, Inc., to conduct and carry on the business of builders and contractors for the purpose of building, erecting, altering, repairing, wrecking, dig or any other work in connection. The company is located in Wellington, FL.

American Telstar, Inc. is a development stage company. The company is engaged in seeking, investigating and acquiring an interest in business opportunities presented to it by persons or firms. The company was in the music distribution business. The company was founded on August 5, 1986 and is headquartered in Red Bank, NJ.