services on electronic commerce. Company chairman Christopher (Kit) Astwood said the company was formed with Bermudian capital and directors and has global advisors on the team.

"eCap provides management advice and guidance, strategy formulation and policy implementation for electronic projects and is heavily involved in the creation, adaptation and formulation of technology solutions,'' he said. "The company also investigates new capital projects and has created a network of funding mechanisms both locally and internationally to support this.''