YRAC is incorporated in the Philippines under it’s mother company, CHRISTINAS STAR R MANAGEMENT HOLDING, INC. (C.S.R.M.H.I.), incorporated June 2005, to engage in the business of providing for hire, rent or lease (with or without the option to purchase), any means of transportation of local and foreign tourists/passengers, cargo, freight, mail express, baggage, goods, wares, merchandise, and other property to any point within the Philippines, which means of transportation include, but are not limited to, automobiles, trucks, vans, coasters and buses; and in connection thereto, to maintain and operate garages, warehouse, machine and repair shops, and other facilities for the storage and warehousing, as well as for the maintenance and repair of such means of transportation.