Sinophil Corporation (SINO) was incorporated as Sinophil Exploration Co., Inc. on November 26, 1993 with oil and gas exploration and development as its primary purpose. The company, together with other contractors, were participants to several Geophysical Survey and Exploration Contracts and Non-Exclusive Geophysical Permits entered into with the Philippine government covering certain petroleum contract areas in various locations. On June 3, 1997, the Securities and Exchange Commission approved the SINO's application for a change in primary purpose from oil and gas exploration and development to investment holding. As an investment holding firm, SINO invested in various companies involved in gaming, property development, pay-per-view entertainment and information systems. These included investments in Legend International Resorts (HK) Limited, Metro Manila Turf Club, Inc., Belle Bay City Corporation, Foundation Capital Resources, Inc., and Sinophil Leisure and Resorts Corporation. Source: SEC Form 17-A (2008)