EXHIBIT 21
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SUBSIDIARIES AND JOINT VENTURE OF THE COMPANY
As of March 31, 2000, the Company owned a majority to 100% of the
following securities of the following subsidiaries and Joint Venture:
State (Country) Percentage of Voting
Subsidiary of Incorporation Securities Owned
---------- ---------------- --------------------
San Luis Estates, Inc. Colorado 100.00%
Universal Developers, Inc. Wisconsin 100.00%
Homespan Realty Co., Inc. Wisconsin 100.00%
Ecomm Group Inc. Wisconsin 51.00%
San Sebastian Gold Mines, Inc. Nevada 82.50%
Mineral San Sebastian, El Salvador,
S.A. de C.V. Central America) 52.00%
Commerce/Sanseb Wisconsin (and El Salvador,
Joint Venture Central America) 90.00%
