EXECUTION AGREEMENT


     This DISTRIBUTOR  AGREEMENT (the  "Agreement"),  made as of the 30th day of
June, 1997, between ADVANCED PARTICLE TECHNOLOGIES, INC., a Delaware corporation
("APT"), and VANGKOE INDUSTRIES, INC., a Florida corporation ("VANGKOE");

                                   WITNESSETH:

     WHEREAS,  VANGKOE  desires to market various coated and uncoated  particles
for use in the  market  for  swimming  pool  plasters  and other  swimming  pool
material  applications,  including for spas,  reflective pools and fountains and
the like;

     WHEREAS,  on the date hereof,  pursuant to a Technology  Purchase Agreement
dated the date hereof, APT has purchased certain  proprietary coating technology
from VANGKOE which will be applied by APT to specialty glass particles; and

     WHEREAS, APT, acting independently or through its affiliated companies, can
also supply  uncoated  specialty  glass  particles,  as well as specialty  fired
ceramic particles; and

     WHEREAS,  VANGKOE  desires  the  exclusive  right  to  market  such  coated
specialty glass,  uncoated specialty glass, and fired ceramic particles into the
market for swimming pool plasters and other swimming pool material  applications
in the United States and Canada; and

     WHEREAS, APT is willing to grant such exclusive rights to VANGKOE,  subject
to the terms and conditions set forth herein;

     NOW,  THEREFORE,  in  consideration  of the  premises and of other good and
valuable  consideration,   the  receipt  and  sufficiency  of  which  is  hereby
acknowledged, the parties agree as follows:


     Section 1. Appointment; Exclusivity; Term.
     ---------- -------------------------------

     1.1  Appointment.  Subject to the terms and conditions  hereof,  APT hereby
          -----------
appoints VANGKOE, and VANGKOE hereby accepts such appointment,  as the exclusive
distributor of coated  specialty  glass,  uncoated  specialty  glass,  and fired
ceramic  particles  manufactured  by APT or its  affiliates  (collectively,  the
"Products")  for  swimming  pool  plasters  and  other  swimming  pool  material
applications  including for spas,  reflective  pools and fountains in the United
States and Canada (the  "Market").  The parties  acknowledge  that such grant of
exclusivity  means that neither APT nor its affiliates will sell the Products to
any other  party if APT or its  affiliates  knows or has a  reasonable  basis to
believe that such party will sell the Products into the Market. In addition,  as
long as VANGKOE  maintains its exclusivity with respect to a Product  hereunder,
to the  extent  legally  permissible,  APT  will not sell  such  Product  to any
industrial  distributor  of colored  
<PAGE>

particles in the United States or Canada unless such  distributor  has agreed in
writing to refrain  from  selling  such Product in the Market (and APT agrees to
enforce such restriction in good faith).  VANGKOE acknowledges that it shall not
have the right to sell or market any of the  Products  in any market  other than
the Market (or to any customer or distributor  who or which VANGKOE knows or has
reason to believe intends to sell the Products outside of the Market) unless and
until separately agreed to by the parties upon mutually  acceptable terms agreed
to in writing.  In  addition,  VANGKOE  agrees  that APT shall be its  exclusive
source to apply color coatings to any uncoated  Product  VANGKOE  purchases from
APT or its affiliates as long as this Agreement shall be in force. APT agrees to
forward to VANGKOE any leads or inquiries it or any of its  affiliates  receives
regarding the proposed use or purchase of any of the Products in the Market.

     1.2  Retaining  Exclusivity.  The grant of  exclusive  rights  pursuant  to
          -----------------------
Section 1.1 with respect to each of the  Products is subject to VANGKOE  meeting
the  respective  sales volume  targets set forth on Exhibit A hereto for each of
such  Products,  as the  same may be  amended  from  time to time by the  mutual
written consent of the parties.  In the event that VANGKOE fails to meet a sales
target with respect to a Product,  VANGKOE will have a 60-day cure period within
which to satisfy such target.  If VANGKOE  fails to meet the target  within such
60-day cure  period,  VANGKOE's  right to market the Product in the Market shall
convert  into a  non-exclusive  right  for  the  remainder  of the  term  of the
Agreement.  The  determination of whether a product is  non-conforming  shall be
made by testing the product in  accordance  with standard  ASTM  procedures  and
equipment as applied to similar  materials  sold in the Market or in  accordance
with such other  procedures  as shall be mutually  agreed upon in writing by the
parties.

     1.3 Best  Efforts.  VANGKOE  agrees to use its best good  faith  efforts to
         --------------

market the  Products  in the Market  and to meet the sales  targets  established
pursuant to Section 1.2 during the term of this Agreement.  Notwithstanding  the
foregoing,  however,  the parties  acknowledge  that VANGKOE  shall not have any
liability  to APT or its  affiliates  (other  than to pay for  ordered  Products
conforming  to the  specifications  established  pursuant to Section  2.1) if it
fails to meet such sales targets or generate sales of the Products.

     1.4  Term.  The  term of this  Agreement  shall  be five  years  and  shall
          -----

automatically renew for successive one-year periods thereafter unless and until
terminated pursuant to Section 4.1.


     Section 2. Product Specifications; Terms of Sale.
     ---------- --------------------------------------

     2.1 Product  Specifications.  APT warrants  that each Product will meet the
         ------------------------

specification established for such Product set forth on Exhibit B hereto, as the
same may be  amended  from time to time by the  mutual  written  consent  of the
parties.


                                       2
<PAGE>


     2.2 VANGKOE's Right to Reject;  Exclusive Purchases. (a) VANGKOE's right to
         ------------------------------------------------

reject any  shipment of Product  shall be limited  solely to the failure of such
shipment to conform to the specifications  established  pursuant to Section 2.1.
Any such rejection must be effected by written notice  delivered  within 60 days
of APT's (or its affiliate's) shipment,  giving relevant order information and a
description of the non-conforming  aspects of the Product.  APT acknowledges and
agrees that  VANGKOE  shall not be deemed to have  missed a sales  target to the
extent that APT is unable to fulfill orders placed by VANGKOE  (relating to firm
bona fide orders  VANGKOE has in turn received  from its  customers) on a timely
basis. If any shipments are found to be non-conforming,  APT (or its affiliates)
shall  have a 30-day  period to  reprocess  the  non-conforming  portion of such
shipment to make it conforming or replace such non-conforming material with new,
conforming  material.  If APT or its affiliates are unable to provide conforming
material   within   such   30-day   period,   VANGKOE   shall  have  the  right,
notwithstanding  anything  to the  contrary  contained  in Section  2.2 (b),  to
purchase substitute  particles from a third party to replace such non-conforming
material, and APT (or its affiliates) will refund any amounts paid by VANGKOE to
APT (or its affiliates) in respect of such non-conforming  material. APT (or its
affiliate) will bear the cost of freight of any returned  shipment that fails to
meet the required specification.

     (b) VANGKOE  agrees that it will not purchase  coated  particles,  uncoated
particles  (to  displace  the  Products),  or fired  ceramic  particles,  or any
substantially  similar or equivalent  particles,  for use in the Market from any
party other than APT or its affiliated companies as long as the relevant APT (or
affiliate) Product conforms to the specification established pursuant to Section
2.1 (allowing,  if applicable,  for the 30-day grace period described above) and
to the  extent  that APT (or  affiliates)  can ship  sufficient  amounts  of the
Products to fill the firm orders of VANGKOE's  customers on a timely basis.  The
parties  acknowledge  that  VANGKOE's  obligation  to  purchase  such  particles
exclusively from APT or its affiliates shall not apply to materials that are not
the functional equivalents of the Products.

     2.3 Order  Procedure.  Products shall be ordered on a purchase order basis,
         -----------------
with orders to be placed through one or more individuals located at APT's (or an
affiliate's) facility,  which individuals shall be designated in writing by APT.
Such orders shall specify the Product, the quantity of material,  grit sizes and
any other information required to fill the order, provided that all requirements
shall be within the specifications established pursuant to Section 2.1.

     2.4 Best Efforts to Fill Orders. (a) Subject to production  constraints and
         ----------------------------
availability of materials, APT and its affiliates will use their best good faith
efforts to fill orders  placed by VANGKOE on a timely  basis and  VANGKOE  shall
have priority status on all production capacity.  VANGKOE agrees to work in good
faith with APT to  provide  reasonable  advance  notice  with  respect to orders
wherever  feasible,  and in  particular  with  respect to large orders or orders
involving more than one Product.  The parties  acknowledge  that neither APT nor
any of its affiliates  shall have any liability to VANGKOE or its customers as a
result of the failure to fill any order.


                                       3
<PAGE>

     (b) APT  and/or  its  affiliates  will use their  best  efforts to source a
functionally  equivalent  substitute  glass  material  which meets the specialty
glass  requirements in the event of inadequate supply of specialty glass. In the
event a functionally  equivalent glass is unsourceable or in limited supply, APT
and/or its affiliates will use their best efforts to source mined minerals to be
color coated as an alternate  lower-end product.  This mined mineral to be color
coated  will be priced at $0.02 per pound less than the  specialty  glass  color
coated  in order to  differentiate  glass and  mined  quartz  as an  alternative
product for the market.

     2.5 Pricing and Payment. (a) The price for each of the Products shall be as
         --------------------
set forth on Exhibit C hereto. Such prices shall be firm for the first two years
             ---------
of the term of this  Agreement,  subject  to annual  increase  thereafter  in an
amount not to exceed 5% of the prior years' price;  provided,  however, that any
                                                    --------   -------
such price  increase  shall not be  implemented  to the extent that  VANGKOE can
provide documented evidence of superior pricing available for particles produced
by other manufacturers that could serve as a substantially functional equivalent
for the Product in question in the Market.  Payment shall be due from VANGKOE 60
days following the date of shipment to VANGKOE; provided,  however, that, unless
                                                --------   -------
otherwise  agreed to by APT, neither APT nor its affiliates will accept an order
for any Product if at the time of placing of such order the aggregate  amount of
outstanding  receivables  owing from VANGKOE for Products exceeds the greater of
(i) $100,000 or (ii) 30% of the amount of receivables  actually collected by APT
or its  affiliates in respect of Products  ordered by VANGKOE  during the 90-day
period preceding the date of placement of the proposed order.

     (b)  Notwithstanding  Section 2.5(a),  (i) the pricing for coated specialty
glass set forth on Exhibit C hereto  assumes that the average per pound cost for
                   ---------
coating  materials  (meaning all costs relating to the color coating material up
to the point of  introduction  into the coating  process)  for one ton of coated
specialty  glass will be $0.01;  In the event that at any time such cost exceeds
$0.01 by $0.005 or more  (other  than as a result of  change-over  in pigment or
materials, equipment failure or other inefficiencies within the control of APT),
the amount of the excess  over such  estimated  $0.01 cost shall be added to the
purchase  price to VANGKOE  (and Exhibit C shall  automatically  be deemed to be
                                 ---------
amended  accordingly),  (ii)  if at any  time  VANGKOE  fails  to  maintain  its
exclusive  right to distribute  any of the Products in the Market and APT or its
affiliates  sells such  Product  into the Market,  VANGKOE will receive the most
favorable  price given to any other party for the purchase of the Product within
the  Market  and (iii) such  pricing  is  subject  to  increase  in the event of
documented  increases  in  costs  in  production  or  transport  resulting  from
increased energy costs.

     Section 3. Certain Additional Agreements.
     ---------- ------------------------------

     3.1 Rights of First Offer.  (a) Each of APT and VANGKOE agrees that it will
         ----------------------
not sell  substantially  all of its assets or  business,  or a  majority  of its
voting  capital  stock,   to  any  third  party,  or  enter  into  an  agreement
contemplating  such sale, 


                                       4
<PAGE>

unless it shall have first offered to effect such sale to the other party on the
same terms  proposed  to be offered to the third  party.  Such offer shall be in
writing  setting  forth all of the material  terms of the proposed  transaction,
including  the  form  of the  transaction,  the  purchase  price,  the  form  of
consideration  to be paid,  the  proposed  closing  date and any other  material
terms.  The party  receiving the offer shall notify the sending party in writing
of its  decision to accept or decline  the offer  within 15 days  following  its
receipt  of the  offer.  If a party  refuses  to accept  such  offer or fails to
respond  within the 15-day  time  period,  the  sending  party  shall be free to
consummate the proposed transaction with a third party; provided,  however, that
                                                        --------   -------
if a material  change occurs in the terms of the proposed  transaction  prior to
consummation (including, without limitation, a change of 5% or more in the price
to be paid or a change in the form of transaction as consideration, the right of
first offer must again be  extended  to APT or  VANGKOE,  as the case may be, in
accordance with this Section 3.2.

     (b)  Notwithstanding  the  foregoing,  Section  3.1(a) shall not apply to a
public offering of securities,  registered  under the Securities Act of 1933, as
amended,  or a bona  fide  private  placement  of  securities  (other  than to a
competitor  of the  business  conducted  by APT),  whether or not such public or
private offering results in the sale of 50% or more of the voting capital of the
offering party.

     3.2 Trademarks.  VANGKOE  acknowledges that ALUMAGLASS,  VISIGRIT and GREAT
         -----------
WHITE are  trademarks  of CTI and agrees that VANGKOE  shall not use any of such
marks  without the prior  written  consent of CTI which may be withheld in CTI's
sole discretion. APT and its affiliates acknowledge that CERAMAGLASS,  CERAMITE,
CPM,  Brillant  Innovations  and Clear  Advantage are  trademarks of VANGKOE and
agree that  neither APT nor any of its  affiliates  shall use such name  without
VANGKOE's prior written consent, which consent may be withheld in VANGKOE's sole
discretion.

     3.3  Confidentiality.  VANGKOE acknowledges that APT and its affiliates are
          ----------------
subject to the reporting requirements of the Securities Exchange Act of 1934 and
public disclosure rules. Accordingly,  VANGKOE agrees to refrain from making any
public  disclosures  regarding the sales volumes of materials supplied by APT or
its affiliates unless VANGKOE obtains APT's prior written consent.  In addition,
VANGKOE  acknowledges  that APT and its affiliates  deem the source of materials
and processes used to produce the Products as  proprietary  trade secrets of APT
or its  affiliates,  and VANGKOE  agrees to keep such  information  confidential
unless  the prior  written  consent  of APT is  obtained.  Subject to its public
disclosure reporting  requirements,  APT agrees not to disclose any confidential
information relating to VANGKOE's  operations;  provided,  however, that VANGKOE
                                                --------   -------
expressly  acknowledges  that  APT's  sales  of  material  to  VANGKOE  will  be
incorporated in the  consolidated  financial  statements of APT's parent company
and that APT's business  dealings with VANGKOE are subject to public  disclosure
reporting requirements  generally.  VANGKOE acknowledges that remedies at law or
in damages  may be  insufficient  with  respect to any breach of Section 3.3 and
that injunctive relief or other equitable remedy 


                                       5
<PAGE>

will be  appropriate  in addition to any other remedies that may be available to
APT and its affiliates.

         Section 4.  Termination.
         ----------  ------------

     4.1 Termination. Notwithstanding anything contained herein to the contrary:
         ------------

          (i)  either party may  terminate  this  Agreement  upon 60 days' prior
               written  notice  in the event of a  material  breach of the terms
               hereof by the other party, unless cured (if curable) prior to the
               expiration of such 60-day period;

          (ii) either  party  may  terminate  this  Agreement  at the end of the
               initial  five-year term hereof or at the end of any one-year term
               thereafter  by giving  written  notice at least 180 days prior to
               the end of such term;

          (iii)APT may terminate  this  Agreement  immediately in the event that
               it determines, in its reasonable discretion, that the sale of the
               Products violates the laws or regulations of any state or country
               into  which  VANGKOE  shall  sell  Product   (provided  that,  at
               VANGKOE's  option,  this  Agreement may remain in effect with the
               written  modification  that the  Distributor  shall  refrain from
               selling  into such state or country  until such time as APT shall
               determine in its sole  discretion that the sale of the Product is
               no longer so violative); and

          (iv) either party may  terminate  this  Agreement  immediately  if the
               other  files  a  voluntary  petition  in  bankruptcy,   makes  an
               assignment  for the  benefit  of  creditors  or  otherwise  seeks
               protection from creditors under applicable bankruptcy, insolvency
               or similar  laws,  or if an  involuntary  petition in  bankruptcy
               shall be filed  against  such  party  or  other  action  shall be
               commenced  against  such party under  bankruptcy,  insolvency  or
               similar  laws and such  petition  or  action  is not be stayed or
               dismissed within 60 days.

     4.2 Effect of Termination or Failure to Renew. Neither party shall have any
         ------------------------------------------
liability to the other (whether for damages,  lost profits or  consequential  or
other special  damages)  arising out the  termination  of this  Agreement or the
failure to renew this Agreement,  except to the extent resulting from the breach
of the terms hereof occurring prior to such termination.


                                       6
<PAGE>


     4.3 Survival of Certain Terms.  The provisions of Sections 3, 5 and 6 shall
         --------------------------
survive the termination of this Agreement.

     Section 5. Limited Warranty.
     ---------- -----------------

     5.1 Limited  Warranty.  The Products are sold as is and neither APT nor any
         ------------------
of its affiliates makes any  representation or warranty  whatsoever,  express or
implied, with respect thereto, other than the limited warranty that each Product
will  conform to the  specifications  established  for the  Product in Exhibit B
                                                                       ---------
hereto and in all material  respects to any Material  Safety Data Sheet prepared
by APT or its affiliates for such Product. EXCEPT AS EXPRESSLY SET FORTH IN THIS
SECTION 5.1, NEITHER APT NOR ANY OF ITS AFFILIATES MAKES ANY  REPRESENTATION  OR
WARRANTY  WITH  RESPECT TO THE  PRODUCTS  WHATSOEVER  AND ALL OTHER  WARRANTIES,
EXPRESS  OR  IMPLIED,  INCLUDING,  WITHOUT  LIMITATION,  IMPLIED  WARRANTIES  OF
MERCHANTABILITY  OR  FITNESS  FOR A  PARTICULAR  PURPOSE  ARE  HEREBY  EXPRESSLY
DISCLAIMED.

     5.2  Indemnity.  VANGKOE hereby agrees not to make any  representations  or
          ----------
warranties concerning the Products except as set forth in Section 5.1 and hereby
indemnifies  and holds  harmless  APT and its  affiliates  and their  respective
officers,  directors  and  stockholders  with  respect to any third  party claim
arising out of,  based on or relating  to any other  representation  or warranty
made by VANGKOE to any third party.

     5.3  Limitation of Liability.  NOTWITHSTANDING  ANYTHING  CONTAINED IN THIS
          ------------------------
AGREEMENT  TO THE  CONTRARY,  NEITHER  PARTY WILL BE LIABLE TO THE OTHER FOR ANY
INCIDENTAL,  SPECIAL,  PUNITIVE  OR  CONSEQUENTIAL  DAMAGES.  LOSSES OR EXPENSES
(INCLUDING WITHOUT  LIMITATION LOST PROFITS OR LOST BUSINESS) ARISING,  DIRECTLY
OR  INDIRECTLY,  UNDER THIS  AGREEMENT OR FROM THE PURCHASE,  USE OR SALE OF THE
PRODUCTS.

         Section 6.  Miscellaneous.
         ----------  --------------

     6.1 Notices.  Any notice required or permitted  hereunder shall be given in
         --------
writing and shall be  conclusively  deemed  effective  when given upon  personal
delivery or delivery by courier, or five days after deposit in the United States
mail, by registered or certified mail, postage prepaid, addressed as follows (or
at such other address as may be designated by written notice):


                                       7
<PAGE>

         (i)               if to APT, to:

                           Advanced Particle Technologies, Inc.
                           c/o Conversion Technologies International, Inc.
                           82 Bethany Road
                           Hazlet, New Jersey  07730
                           Telephone:  (908) 888-3828
                           Telecopier: (908) 888-3930
                           Attention:  President

                                            and

         (ii)              if to VANGKOE, to:

                           VANGKOE Industries, Inc.
                           7 San Bartola Drive
                           St. Augustine, FL  32086
                           Telephone:  (904) 824-0111
                           Telecopier:  (904) 824-7994
                           Attention:    President

     6.2 Dispute  Resolution.  In the event of any  dispute  between the parties
         --------------------
under this  agreement,  the parties shall attempt to resolve it in good faith as
soon as  possible.  If such  dispute is not  resolved  within 20 days  following
written  notice  thereof  from one party to the other (or such number of days as
shall  be  otherwise  specified  herein),  such  dispute  shall be  resolved  by
arbitration  pursuant to the rules of the American  Arbitration  Association  or
other  mediation  procedure  agreed  to by  the  parties.  Such  arbitration  or
mediation shall take place in St. Augustine, Florida or other mutually agreeable
location.  The  arbitrator  or mediator will be instructed to attempt to resolve
the dispute within 30 days of commencement of proceedings and any award shall be
final and binding upon the parties,  unless non-binding arbitration or mediation
is  mutually  agreed  upon.  Each  party  will bear its own legal fees and other
expenses related to any such proceeding.

     6.3  Assignment.  This Agreement may not be assigned by VANGKOE without the
          -----------
prior written consent of APT,  whether by operation of law or otherwise,  except
to a  purchaser  of  substantially  all of the  assets or  business  of  VANGKOE
following  APT's (or its  affiliates')  refusal to  exercise  its right of first
offer under this Agreement. This agreement may not be assigned by APT and/or its
affiliates without the prior written consent of VANGKOE, whether by operation of
law or otherwise,  except to an affiliate of APT or a purchaser of substantially
all of the assets or business of APT following VANGKOE's refusal to exercise its
right of first offer under this Agreement.


                                       8
<PAGE>

     6.4 Independent  Contractors.  The parties are independent  contractors and
         -------------------------
neither party has, or will  represent  that it has,  authority to bind the other
with respect to any matter whatsoever.

     6.5  Amendments.  This  Agreement  may not be amended  without  the written
          -----------
agreement of the parties.

     6.6 Entire Agreement.  This Agreement constitutes the complete agreement of
         -----------------
the parties with respect to the subject  matter hereof and  supersedes all prior
agreements of the parties, if any, whether oral or in writing,  and no course of
dealing shall alter the terms hereof.  Without limiting the foregoing,  upon the
execution and delivery of this Agreement, the agreements and documents set forth
Exhibit D shall cease to be of any further force or effect.  Upon  execution and
---------
delivery of this Agreement each party releases the other party and its officers,
directors,  stockholders  and affiliates from any liability under the agreements
set  forth  under  Exhibit  D or  arising  out of the  activities,  promises  or
commitments  relating to the joint  venture  relationship  contemplated  by such
agreements  up to and  including  the date  hereof.  Specifically,  but  without
limitation,  VANGKOE is hereby released from its obligations to reimburse APT or
its affiliates for equipment,  operating expenses or other property or materials
purchased  or  expended in  connection  with APT's  operations  (APT having sole
ownership thereof) prior to the date hereof and its minimum ALUMAGLASS  purchase
commitments  set forth in the  Purchase,  Supply and  Distributorship  Agreement
referenced on Exhibit D and to pay for materials shipped to VANGKOE to date that
do not conform to the specifications set forth for the Products pursuant to this
Agreement.

     6.7  Severability.  In the event that any provision of this Agreement would
          -------------
be held in any jurisdiction to be invalid,  prohibited or unenforceable  for any
reason, such provision, as to such jurisdiction,  shall be ineffective,  without
invalidating  the  remaining  provisions  of this  Agreement  or  affecting  the
validity  or  enforceability  of  such  provision  in  any  other  jurisdiction.
Notwithstanding the foregoing, if such provision could be more narrowly drawn so
as not to be invalid,  prohibited  or  unenforceable  in such  jurisdiction,  it
shall, as to such jurisdiction,  be so narrowly drawn,  without invalidating the
remaining   provisions   of  this   Agreement  or  affecting   the  validity  or
enforceability of such provision in any other jurisdiction.

     6.8 Successors and Assigns.  Subject to the  limitations  set forth herein,
         -----------------------
this Agreement shall be binding on each party's successors and assigns.

     6.9  Governing  Law. This  Agreement  shall be governed by and construed in
          ---------------
accordance  with the laws of the State of  Delaware,  without  giving  effect to
principles of conflicts of laws.

     6.10 Counterparts.  This Agreement can be signed in counterpart,  with each
          -------------
such counterpart constituting an original but all such counterparts constituting
one agreement.

                                       9
<PAGE>


     IN WITNESS WHEREOF,  the undersigned have entered into this Agreement as of
the date appearing on the first page hereof.


                                          ADVANCED PARTICLE 
                                            TECHNOLOGIES, INC.


                                          By: /s/ Eckardt C. Beck
                                             ---------------------------------
                                             Name:  Eckardt C. Beck
                                             Title: Acting President


                                          CONVERSION TECHNOLOGIES
                                            INTERNATIONAL, INC.


                                          By: /s/ Eckardt C. Beck
                                             ---------------------------------
                                             Name:  Eckardt C. Beck
                                             Title: Acting President


                                          VANGKOE INDUSTRIES, INC.


                                          By: /s/ Bo Gimvang
                                             ---------------------------------
                                             Bo Gimvang
                                             President

                                      -10-