EXHIBIT 10.3

                   CONTRACT MANUFACTURING & LEASING AGREEMENT



Among  us,  American  Telecom  Industries ATEL S.A., a corporation organized and
existing  according  to  the laws of the Republic of Costa Rica, domicile in San
Jose, Costa Rica, in this act represented by its Authorized and General Manager,
Mr.  Carlos  H.  Mendoza,  married,  licentiate  in  businesses  administration,
neighboring  of  Miami,  Florida,  United  States  of  North America (on and for
effects  of  this  contract  referred  like  the  ATEL),



BY  A  PART



and  SELECTRON,  SA., a corporation organized and existing according to the laws
of  the  Republic  of  Nicaragua,  domicile  in  Managua  Nicaragua, in this act
represented  by  its  General  Manager  with  faculties  of Authorized Mr. Jorge
Gutierrez,  married, industrial engineer, neighboring of Managua, Nicaragua, (on
referred  like  the  SELECTRON),



BY  THE  OTHER  PART



CONSIDERING



First:  ATEL  is  a  corporation  dedicated  to  the research and development of
cellular  broadband  vide  phones,  WLAN  Access  Point,  PCMCIA Cards and other
related  products.



Second:  SELECTRON  is corporation dedicated to the assembly of micro electronic
products  and  telecommunication  equipment.



Third:  ATEL  desires  that  SELECTRON  manufacture and assemble ATEL  products,
therefore  ATEL  executes  this contract in which SELECTRON leases the machinery
and  property  of  the  ATEL.


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THEREFORE



The  ATEL  AND  SELECTRON  have  agreed  in  executing  the  present  Contract
Manufacturing  &  Leasing  Agreement  that  be  governed  for  the  following
stipulations:



CLAUSE  1.  Objective.-



ATEL  in  this  Contract  Manufacturing  & Leasing Agreement gives the option to
purchase  to  SELECTRON  the  following  machinery valued at of  US$3,374,665.00
dollar:



A.  Injection  Molding  Machinery.-  SELECTRON  will  provide  all the necessary
machinery,  related  auxiliary equipment and personal for the plastics injection
molding  process.  B.  Surface  Assembly  Machinery.- SELECTRON will provide all
the  necessary  machinery,  related  auxiliary  equipment  for  manufacture  of
electronic  circuit  boards  and  personal.  C.  Automatic  Final  Assembly  and
Testing  Line.  SELECTRON  will  provide  all  the  necessary machinery, related
auxiliary  equipment  and  personal for the production of its products, together
with  the  support  of  the  test  and  AQL  personal.



CLAUSE  2.  Time  limit.-



The  duration  of  the  present  contract  is  5  (five  years) from the date of
execution,  the  term  of  this contract can be extended if both parts agree, or
until  SELECTRON  in  the  event  decide  to exercise the purchase option on the
machinery  of  this  contract  and has paid in full the total for the machinery.



CLAUSE  3.  Quota.-


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A.  SELECTRON  will pay to ATEL once SELECTRON initiates the  production process
for  ATEL,  a  monthly  fee  of  US$  10,000.00  ten  thousand  dollar.  B.  The
SELECTRON  monthly fee will be deducted from invoices for manufacturing services
from  SELECTRON to ATEL accordingly to the production of assembled goods carried
out by SELECTRON to ATEL, through a credit to the invoice submitted by SELECTRON
to  ATEL  for  it  is assembly of it products with the following discounts to be
applied  on  each  product:



Broadband real time cellular phone  US$ 2.00 Each Unit.
WLAN  Access  Point                 US$ 1.00 Each Unit.
PCMCIA  Card                        US$ 1.00 Each Unit.



C.  The payment or credit on each unit is in US dollars and can be paid in cash,
currency  of  the  United  States  of  North  America.



CLAUSE  4.  Form  of  Payment.-



A.  SELECTRON  will  pay the leasing fee established by the price established in
clause  3B,  carrying  a  credit  to  ATEL for future invoices submitted for the
assembly  of the goods to ATEL from SELECTRON.  If the leasing fees are not paid
or credited in the commercial invoice from SELECTRON to ATEL or payment via bank
wire transfer in a time limit of 60 days, SELECTRON will incur an late interests
fee of one and one half percent (1.5%) for months.  Said interest are calculated
from  the  date of expiration of the time limit to pay and the date of effective
payment  of  the fee via cash or credit.  B.  All the payments or credits should
be  made  with a copy to the offices of both parties indicating when the payment
was  made.





CLAUSE  5.  Obligations  of  the  SELECTRON.-



A.     To  give  adequate  periodic  maintenance  to  the  machinery.
B.     To  punctually  make  the  payment  or  credits  to  ATEL.


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CLAUSE  6.  Breach.-



If  SELECTRON  does not comply with the payment or credit to ATEL established in
clause  4(a)  established  in  this  agreement,  ATEL  can:



A. Terminate this contract with a  90 days notice (ninety days) from the date of
the  expiration  of  the  payment  or  credit  on  the part of SELECTRON, and to
withdraw the personnel and machinery leased without responsibility for ATEL.  B.
ATEL  can give for terminated, without responsibility for SELCTRON, the contract
manufacture  agreement  between SELECTRON and ATEL.  C.  To take any other legal
action.



CLAUSE  7.  Entirety  of  the  Contract.-



The  present contract contains the totality of the agreements among the parties,
and  includes all the discussions and prior agreements carried out among them in
relation  to  the  agreement.  Any  modification  or  extension  of  the present
contract  should  be  agree  in  writing  and  with  the  consent of both parts.



CLAUSE  8.  Notifications.-



Any  notification  or  delivery  of documents required or authorized between the
parties,  should  be  delivered  in  writing  to  the  principal  offices below:



ATEL:  United States of North America, ATEL, INC., 5979 NW 151 St.  Miami Lakes,
Florida.  33014.



SELECTRON:  Central  America  facility,  Kl.  13  new  highway  to Leon, Managua
Nicaragua.


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CLAUSE  9.  Validation.-



Both  parties  are able to validate this contract before a Notary Public, and/or
to  authenticate  its  dates  and  parties, without the obligation to notify the
other party or to require its presence.  The party that requests this validation
or  authentication  should  bear  the  corresponding  expenses  and  fees.





IN  FAITH  OF  WHICH, we sign the present contract in the city of Miami July 22,
the  year  2002.





/s/  Carlos  H.  Mendoza
------------------------------------------
American Telecom Industries ATEL S.A.,




/s/  Jorge  Gutierrez
------------------------------------------
SELECTRON,  SA.


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