Exhibit 21





SUBSIDIARIES OF THE REGISTRANT





|Name or Organization                                                                                                                                              | State or 
Country of Incorporation
|----------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------
|                                                                                                                                                                  |                                   
|ZAO ComCor-TV                                                                                                                                                     | Russian Federation                
|                                                                                                                                                                  |                                   
|AGI Technology, Inc. **                                                                                                                                           | Connecticut                       
|                                                                                                                                                                  |                                   
|Andersen Realty, Inc. *                                                                                                                                           | Delaware                          
|                                                                                                                                                                  |                                   
|Ney International, Inc. *                                                                                                                                         | U.S. Virgin Islands               
|                                                                                                                                                                  |                                   
|Ney Technology, Inc. (f/k/a Ney Ultrasonics Inc.) *                                                                                                               | Delaware                          
|                                                                                                                                                                  |                                   
|Andersen Land Corp. (f/k/a The J.M. Ney Company)                                                                                                                  | Delaware                          
|                                                                                                                                                                  |                                   
|New Jersey Precious Metals, Inc. **                                                                                                                               | Delaware                          
|                                                                                                                                                                  |                                   
|Garden State Refining, Inc.**                                                                                                                                     | Delaware                          
|                                                                                                                                                                  |                                   
|ABC Moscow Broadband Communication Ltd.                                                                                                                           | Cyprus                            
|                                                                                                                                                                  |                                   
|Institute for Automated Systems                                                                                                                                   | Russian Federation                
|                                                                                                                                                                  |                                   
|CableCom Management Company Ltd.                                                                                                                                  | Cyprus                            
|*     A dormant company which holds no property and has no operations.
**   Currently has certain established banking relationships, but no operating activities. |