Vivant Corporation (VVT) was incorporated on March 22, 1991 under the name Selecta Ice Cream Corporation, with the primary purpose to manufacture and market ice cream. In 2001, the company was renamed Philstar.com, Inc. to engage in electronic commerce, and in 2003, its name was changed again to the present one along with the primary purpose to become a holding company. VVT has investments in various projects in the power generation sector. Through its wholly owned subsidiary Vivant Energy Corporation (VEC), VVT owns a 35% equity in Delta P, Inc., an independent power producer in Palawan. VEC also owns 40% of Cebu Private Power Corporation, another independent power producer located in Cebu City, and has a 40% stake in Abovant Holdings, Inc., a joint venture with Aboitiz Power Corporation. In addition to investments in the power generation sector, VVT directly owns 21.86% of Visayan Electric Company, Inc. (VECO), an electric distribution utility firm. VVT also holds 50.88% in Hijos de F. Esca?o, Inc., which in turn owns 25% of VECO. The company also owns VC Ventures Net, Inc., a holding company. Source: SEC Form 17-A (2008)