PhilWeb Corporation (WEB) was originally incorporated in August 20, 1969 as South SeasOil & Mineral Exploration Development Co., Inc., a company mainly engaged in mining andexploration. It later changed its name to South Seas Natural Resources, Inc. on March 29,1984. In 2000, the Company again changed its corporate name to PhilWeb.Com, Inc.,together with its primary purpose from a mining and oil exploration company to that of aninternet company. In 2002, WEB changed its corporate name to the present one andincluded gaming business as one of its secondary purposes.

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