NAVIDEC

Navidec, Inc. completed a reverse merger with BPZ Energy, Inc. in September 2004, subsequent to which BPZ Energy was treated to be the accounting acquirer. Previously, Navidec provided financial, mortgage, and technology solutions to micro and small capitalization companies. Its services include consulting, personnel, financial public relations services, back office processing, and mortgage banking services. Navidec was incorporated in 1993. Source:[Bloomberg Businessweek](http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=372624)