MIG, Inc.’s mobile telephony business group is comprised of the Company’s 50.1% investment interest in Magticom Ltd.

• Magticom Ltd. – markets mobile voice, data and video communication services to consumers and commercial users nationwide in the country of Georgia.

Magticom currently provides these services via a wireless mobile telephony network operating under the GSM standard in the 900 MHz and 1800 MHz radio frequency spectrum ranges and, beginning in mid-2006, in the 2.1 GHz radio frequency spectrum for 3^rd generation GSM communication services.

Visit Magticom’s website at: http://www.magtigsm.com/english.php