Phase III Medical, Inc., formerly Corniche Group Inc., is exploring business opportunities. The Company was a provider of extended warranties and service contracts via the Internet at warrantysuperstore.com through June 30, 2002. The Companys primary business focus, through June 2002, was the sale of extended warranties and service contracts over the Internet covering automotive, home, office, personal electronics, home appliances, computers and garden equipment. The Company is exploring business plans that may involve entering the medical sector by acquiring or participating in one or more biotechnology and/or medical companies or technologies, owning one or more drugs or medical devices or acquiring the rights to one or more of such drugs or medical devices. As of December 31, 2002, the business of the Company was comprised of the run-off of its sale of extended warranties and service contracts via the Internet and the new business opportunity.