On 2/14/03, the issuer mistakenly filed a portion of this 6-K report under
cover of Form 20-F.

The issuer's annual report on Form 20-F is being filed as Amendment No. 1 to
Form 20-F.




                             EIGER TECHNOLOGY, INC.

                             ANNUAL INFORMATION FORM

                                      2002





                                February 13, 2003










                                TABLE OF CONTENTS

GLOSSARY      1
1        INCORPORATION........................................................2
         The Company..........................................................2
         Subsidiaries.........................................................2
2        GENERAL DEVELOPMENT OF THE BUSINESS OF THE COMPANY...................3
         Company Profile......................................................3
         History of the Company...............................................3
3        NARRATIVE DESCRIPTION OF THE BUSINESS................................8
         Overview of the Business of the Company..............................8
         Description of Principal Products...................................10
         Methods of Product's Distribution...................................10
         Research and Development............................................11
         Facilities..........................................................11
         Employees...........................................................11
         Risks Associated with the Company's Operations......................11
4        SELECTED CONSOLIDATED FINANCIAL INFORMATION.........................14
         Annual Financial Information - Last Five Years......................14
         Quarterly Financial Information - Last Eight Quarters...............15
         Dividend Policy.....................................................15
5        MANAGEMENT DISCUSSION AND ANALYSIS..................................15
6        MARKET FOR SECURITIES...............................................16
7        DIRECTORS AND OFFICERS..............................................16
8        ADDITIONAL INFORMATION..............................................17







                                    GLOSSARY

The following is a glossary of some terms that appear in the discussion of the
business of the Company as contained in this Annual Information Form.

"ADSL"                     ADSL is a variation of DSL that operates by way of
                           two-way or duplex bandwidth and is devoted to the
                           downstream transmission of data.

"bandwidth"                The maximum speed at which data can be transmitted
                           between computers in a network.

"bus"                      A device for transmitting data to and from the
                           different components of a PC.

"DSL"                      "Digital Subscriber Line" - a technology for
                           bringing high-bandwidth information to homes and
                           businesses over conventional copper telephone lines,
                           permitting continuous transmission of motion video,
                           audio and 3-D effects.

"electronic ballasts"      A component that starts a fluorescent lamp.

"Ethernet"                 A LAN, the different nodes of which are connected by
                           coaxial cable. This cable can be thin (which can
                           connect two nodes up to a  distance of about 1000
                           feet) or thick (which can connect two nodes up to a
                           distance of about 3300 feet). The Ethernet standard
                           has a provision to transmit data at a rate of 10
                           megabits per second.

"kbps"                     "Kilobytes Per Second" - a measure of the rate at
                           which a modem can transmit data. This is measured in
                           bits per second (bps).

"LAN"                      "Local Area Network" is a group of PC's, computers
                           and peripheral devices that are linked together
                           where each device is located in close proximity to
                           all the other devices. LANs typically consist of a
                           number of PC's, shares printers, shared directories
                           and files.

"PCMCIA"                   "Personal Computer Memory Card International
                           Association" - a PCMCIA card as an expansion bus
                           designed for laptop computers, which allows modems
                           and other devices to be connected to the PC.

"PC"                       "Personal Computer".

"peripherals"              A peripheral is a device, which can be attached to a
                           PC and is controlled by its processor. Examples
                           include printers and modems.

"VOIP"                     Voice Over Internet Protocol is a term used in the
                           telecom world for a set of facilities for managing
                           the delivery of voice information using the
                           internet. A major advantage of VOIP is that it
                           avoids the tolls charged by ordinary telephone
                           service.



1.       INCORPORATION


The Company

Eiger Technology, Inc. (the "Company") was incorporated under the name "Alexa
Ventures Inc." under the Company Act (British Columbia) on September 8, 1986.
The memorandum of the Company was amended on November 26, 1999 to change the
name of the Company from Alexa Ventures Inc. to "Eiger Technology, Inc." In
November 2000 the Company changed its jurisdiction of incorporation from
British Columbia to Ontario.

The Company's registered head office and executive office is located at 330 Bay
Street, Suite 602, Toronto, Ontario, M5H 2S8.

Subsidiaries

The following is a list of each material subsidiary of the Company and the
jurisdiction of incorporation and the direct or indirect percentage ownership
by the Company of each subsidiary:

                           Jurisdiction of      Percentage of Voting Securities
Name of Subsidiary            Organization                  Owned of Controlled
- -------------------------------------------------------------------------------
Onlinetel Corp.                     Canada                         100%

Eiger Net, Inc.                South Korea                          58%
("Eiger Net")(1)

K-Tronik International              Nevada                          64%
Corp. ("K-Tronik")

Newlook Industries Corp.  British Columbia                          83%
("Newlook")

Eiger Labs Group, Inc.          California                          64%
("Eiger Labs")
- -------------------------------------------------------------------------------

(1)   Formerly Point Multimedia Systems Inc. - name changed February 20, 2000.


In this Annual Information Form, unless the context indicates otherwise, the
"Company" refers to Eiger Technology, Inc. and its consolidated subsidiaries.
All dollar references in this document are in Canadian dollars, unless
otherwise specifically indicated.

Corporate Structure

The following is an organizational chart showing the Company's material
subsidiaries:



                             _______________________
                              Eiger Technology, Inc.
                             _______________________



____________100%   ____________58%   ____________64%   ______________100%
Onlinetel, Corp.   Eiger Net, Inc.   K-Tronik Int'l    Newlook Industries
                   (a South Korean   Corp.             Corp. (a British
(a Canada corp.)   corp.)            (a Nevada corp.)  Columbia corp.)
________________   _______________   _______________   __________________





2.      GENERAL DEVELOPMENT OF THE BUSINESS OF THE COMPANY


Company Profile

Eiger Technology, Inc. is a technology company with four operating
subsidiaries; Onlinetel, Corp., K-Tronik International Corp., Eiger Net Inc.,
and Newlook Industries Corp. Eiger's head office is located in Toronto Ontario
and has seven employees.

Onlinetel is a Voice over Internet Protocol (VoIP) next generation
telecommunications company that can take voice information from any landline or
cellular phone, convert that information to digital IP packets and route that
information, phone-to-phone, over the Internet. Onlinetel currently derives its
revenue from advertisers on its free calling network, and from flat fee long
distance and ISP services. Onlinetel began offering 10-10 casual calling,
corporate long distance and wholesale termination services in fiscal 2002.
Onlinetel is based in Kitchener, Ontario and has 12 employees.

Eiger Net is involved in the R&D, engineering and manufacturing of multimedia
and data communication cards such as 56K and DSL modem cards, Home PNA cards,
LAN cards, MP3 modules and other Internet access devices for OEM consumer
electronics companies worldwide. Eiger Net is located in South Korea and has 30
employees.

K-Tronik is a leading North American manufacturer of energy efficient
electronic ballasts for fluorescent lighting. K-Tronik supplies ballasts
worldwide to OEM light fixture companies, distributors and contractors. In
addition to its head office in New Jersey, K-Tronik maintains a manufacturing
facility in South Korea. K-Tronik employs 18 people.

Newlook through its wholly owned subsidiary ADH Custom Metal Fabricators Inc.
("ADH") is a fully integrated custom sheet metal manufacturer that specializes
in custom enclosures and cabinets. In addition to its focus on enclosures and
cabinetry, ADH contract manufactures for nationwide distribution of data and
relay racks, custom control enclosures, fluorescent light fixtures and store
display fixtures. ADH is located in Stratford, Ontario and has 15 employees.

Until 1999, the Company was principally engaged in the energy efficient
lighting business. The Company continues to operate its non-core business
through various subsidiaries, including through K-Tronik International Corp.
("K-Tronik"). K-Tronik designs, engineers, manufactures and distributes
electronic ballasts for fluorescent light fixtures.

History of the Company

The Company entered the energy efficient lighting business in 1991. The
Company's two main operating subsidiaries in this business are K-Tronik and
ADH. ADH operates from the Company's 55,000 square foot manufacturing and
engineering facility located in Stratford, Ontario. ADH manufactures and
distributes transformer housings, switch housings and electronic data racks, as
well as fluorescent light fixtures and reflectors.

On April 1, 1998, the Company purchased 53% of the common stock of K-Tronik for
$275,000, plus options entitling the holders to acquire up to 250,000 common
shares of the Company. In addition to its US distribution capabilities,
K-Tronik also possesses a South Korean manufacturing facility through its
subsidiary, K-Tronik Asia, Inc.

Also on September 15, 2000, the Company sold its 60% interest in Lexatec VR
Systems, Inc.

During fiscal 1998, the Company consolidated two of its South Korean
subsidiaries, Energy Products, Inc. (a manufacturer of electronic ballasts) and
Chakers, Inc. (its South Korean energy saving products sales arm), which were
eventually combined under the name "K-Tronik Asia, Inc."

The Company entered the computer peripheral business following a series of
transactions in September 1999 which resulted in the Company owning a 64%
interest in Eiger Labs Group, Inc. ("Eiger Labs") and its Eiger Labs' wholly
owned manufacturing subsidiary, Eiger Net, Inc. ("Eiger Net"). Based in Newark,
California (Silicon Valley), Eiger Labs distributes a wide variety of PC card
and desktop peripherals including storage, multimedia, connectivity and
communications products such as MP3 players and ADSL modems. Based in South
Korea, Eiger Net is a manufacturer of fax modems, Ethernet and PCMCIA products
and MP3 players for both the South Korean and United States markets. Eiger Net
manufactures electronic communication products for a number of OEMs and PC
companies as well as for Eiger Labs.

The Company caused its subsidiary Alexa (USA) Inc. to incorporate Eiger Labs as
a 100% owned California subsidiary on August 18, 1999. On August 18, 2000 Eiger
Labs acquired all of the assets of Eiger Labs, Inc. for consideration of US
$500,000. Also on August 18, 1999, each of Seung Bae Lim, Yong Kook Kim, Tae
Jin Lee and Rae Myung Cha (collectively, the "Eiger Net Vendors") subscribed
for shares which, when issued, left the Company (through Alexa (USA) Inc.)
holding 64% of Eiger Labs. The Company and the Eiger Net Vendors also entered
into a shareholders' agreement with the Eiger Net Vendors providing, among
other things, for the appointment of directors and officers, the nature of the
business to be carried out by Eiger Labs, allocation of profits, dividends and
distributions, and restrictions on sales of the parties' shares in Eiger Labs.

The acquisition of the Company's 64% interest in Eiger Net was effected through
payment of a combination of cash and stock with a combined aggregate value of
US $1,500,000. US $1,000,000 cash consideration was paid and 500,000 common
shares of the Company were issued. The Company further agreed to issue common
shares to the Eiger Net Vendors in equal amounts, as performance earn out
consideration contingent upon achieving the criteria tabled below for the
combined results of Eiger Labs and Eiger Net:





                                                           COMMON SHARES OF THE
YEAR      COMBINED GROSS SALES      COMBINED NET INCOME    COMPANY TO BE ISSUED
- --------------------------------------------------------------------------------

1999      US $27 million            US $1.0 million                600,000

2000      US $70 million            US $2.5 million                750,000

2001      US $80 million            US $3.5 million                750,000

2002      US $90 million            US $4.0 million                900,000

2003      US $110 million           US $4.5 million              1,000,000


Under the formula in the agreements, if any of the above targets is not met in
any of the above noted years, any gross sales or net income earned or achieved
in that year is added the targets of subsequent years. The common shares of the
company to be issued in respect of those targets are to be considered
cumulative and can be achieved in any subsequent year in respect of the terms
of the agreement.

600,000 common shares of the Company were issued on February 29, 2000 pursuant
to this agreement. The Company's common shares were trading at $8.00 Cdn. on
that date. No shares will be issued during 2002 for the fiscal 2001 year nor
were shares issued for fiscal 2000 year, and therefore may be issued during
subsequent years provided combined gross sales and net income targets are
achieved on a cumulative basis.

The Company moved its Eiger Net manufacturing facility to a modern 35,000
sq.ft. facility within Seoul, South Korea. This facility includes equipment
capable of manufacturing high quality, technologically complex printed circuit
board assemblies and electronic technical products. Eiger Net also received QS
9000 certification during the year. Eiger Labs and Eiger Net have experienced a
significant decrease in sales and earnings as a result of the global recession
and a downturn in the computer peripheral sector.

Eiger has acquired 100% of the shares of Onlinetel through a Share Exchange
agreement under the provisions of Chapter 92a of the NGCL (Nevada General
Corporate Law). Upon receipt of the share exchange documents, Eiger issued
1,800,000 shares on a pro rata basis for 100% of the shares of Onlinetel.

As consideration for the acquisition of Onlinetel, Eiger issued a maximum of
9,000,000 common shares comprised of 1,800,000 shares to the former
shareholders of Onlinetel and up to an additional 7,200,000 shares pursuant to
an earn out provision totalling 1,800,000 shares per year, over a period of
four years, with possible extension provisions for an additional period of four
years, based on Onlinetel's ability to meet the following operating benchmarks
and Eiger's approval:




                  2002            2003             2004             2005
- -------------------------------------------------------------------------------

Revenue           $19,083,488     $37,347,766      $50,849,180      $59,867,184

Net Income        $2,442,015      $6,212,532       $9,352,747       $13,848,741
- -------------------------------------------------------------------------------



Under the formula in the agreements, if any of the above targets is not met in
any of the above noted years, any gross sales or net income earned or achieved
in that year is added the targets of subsequent years. The common shares of the
company to be issued in respect of those targets are to be considered
cumulative and can be achieved in any subsequent year in respect of the terms
of the agreement.


Recent Financings

2000 Special Warrant Financing

Pursuant to an underwriting agreement dated March 7, 2000 (the "Underwriting
Agreement") between the Company and Dundee Securities Corporation, Canaccord
Capital Corporation and BMO Nesbitt Burns Inc. (collectively, the
"Underwriters"), the Company issued by way of private placement a total of
4,400,000 special warrants ("Special Warrants") at a purchase price of $5.00
per Special Warrant. Each Special Warrant entitles the holder to acquire 1.1
common shares in the capital of the Company without payment of additional
consideration on or before 5:00pm (Toronto time) on the earlier of (a) the
third business day after a final receipt for the Company's prospectus is issued
by the last of the Securities Commissions of Ontario, British Columbia and
Alberta, and (b) March 7, 2001 (the "Expiry Time"). The 1.1 common share
conversion factor includes a 10% penalty regarding the Company not clearing a
final prospectus within 120 days of March 7, 2000. The Company did not receive
clearance of a final prospectus and as such the 10% penalty was included.

In consideration for services performed in relation to this offering, the
Underwriters received a commission equal to 7% of the aggregate purchase price
for the Special Warrants. As well, the Underwriters also received that number
of special compensation options (the "Special Compensation Options") equal to
7% of the number of Common Shares issuable on the exchange of the Special
Warrants, or a total of 308,000 Special Compensation Options. Each Special
Compensation Option is non-transferable and entitles the Underwriters to
receive one compensation option (the "Compensation Option") without additional
payment. Each Compensation Option is non-transferable and entitles the
Underwriters to acquire one Common Share at any time prior to 5:00 p.m.
(Toronto time) on March 7, 2002, at a price of $5.00 per Common Share.

December 1999 Private Placement

On December 13, 1999, the Company sold by way of private placement 700,000
units at a price of $1.128 per unit. Each unit consists of one common share of
the Company and one warrant exercisable for one common share of the Company at
a price of $1.41 per common share. The warrants have been exercised.

Other Recent Developments

Eiger takes K-Tronik Public

Eiger Technology took its subsidiary, K-Tronik International Corp. public in
2002 by way of a reverse acquisition with LMC Capital Corp., a US reporting
issuer. Eiger Technology owns 53% of K-Tronik through its US subsidiary ETIFF
Holdings, Inc.

Eiger received 7,571,428 shares of LMC for its 53% stake in K-Tronik. Eiger
also received 7,071,000 shares at an average price of US $0.58 per share in
part because of its agreement to convert debt owed to it by K-Tronik totaling
US $4,071,000. The total consideration that Eiger is to receive in the
transaction is 14,642,428 shares, which represents 64% of the shares of LMC.
Mr. Robert Kim, President and founder of K-Tronik received a total of 6,714,286
shares of K-Tronik for his 47% stake in the company.

Eiger took ADH Public

Eiger took its subsidiary ADH Custom Metal Fabricators Inc. public in 2002, by
way of a reverse acquisition with Newlook Capital Corp., a CDNX listed company
(Ticker Symbol - NLI). Eiger Technology currently owns 100% of ADH through its
subsidiary Vision Unlimited Equipment Inc.

The action is in keeping with Eiger's strategy to monetize its non-core
technology holdings by way of outright sale or public offering. This strategy
was completed in order to raise working capital for Eiger without further
dilution to shareholders.

The terms of the transaction are as follows:

In exchange for the issuance to it of 4,800,000 common shares of Newlook at a
deemed price of $0.50 per common share (for a total purchase price of
$2,400,000), Eiger has sold to Newlook all of the issued and outstanding shares
of Vision Unlimited Equipment Inc. (the "Vision Shares") and through the sale
of the Vision shares, all of the issued and outstanding shares of Vision's
subsidiary, ADH Custom Metal Fabricators Inc.

Closing of the Vision/ADH Agreement has seen the resignations of the existing
board of directors and officers of Newlook and the appointment of Mr. Gerry
Racicot,  Mr. Keith Attoe,  Mr. Robert Hoegler and Mr. John  Ramsbottom to the
board of directors of Newlook. These persons have also been appointed as the
officers of Newlook.

ADH has recently hired Mr. John Ramsbottom as President.  Mr. Ramsbottom brings
23 years of management, manufacturing and engineering strength from
Westinghouse, Emerson Electric and most recently Taylor Pipe Supports. He has
held the titles of Facilities and Development Manager, Engineering Manager, and
Director of Manufacturing and Engineering.

A finder's fee of 240,000 post-consolidated common shares was paid by Newlook
in connection with the transaction.

Newlook commenced trading on the TSX Venture Exchange on May 21, 2002.



3.       NARRATIVE DESCRIPTION OF THE BUSINESS


Overview of the Business of the Company

The Company has four principal subsidiaries, namely, Onlinetel Corp., K-Tronik
International Corporation, Eiger Net Inc. and ADH Custom Metal Fabricators, Inc.

ONLINETEL CORP.

Onlinetel Corp. is a telecommunications software and services company, which
harnesses the power of soft-switch technology to deliver state of the art Voice
over Internet Protocol (VoIP) communication services to individuals, businesses
and carriers. Utilizing soft switch technology, Onlinetel converts analog voice
conversation to digital I.P. packets and routes voice calls, phone-to-phone,
over the Internet from any wireless or landline connection. VoIP and the
integration of voice and data networks is a competitive threat to providers of
traditional telecom services because of the substantial increase in
communication cost efficiencies of both running voice and data over a single
integrated infrastructure and the ability to bypass per minute usage rates.

Using its Intelliswitch application, Onlinetel pioneered and developed a new
media for advertisers, enabling individuals and businesses to benefit from free
long distance calling in exchange for listening to a 15 second paid
advertisement, and enabling sponsors to benefit from one-to-one advertisements
to callers. The first commercial application of this advertisement-based
calling network was launched in the Greater Toronto Area (GTA) 905 area code.
In 2001, Onlinetel experienced dramatic growth in advertising revenue as its
user base in the GTA 905 area code grew to over 200,000 households, or just
under 20% of the market. Additionally, Onlinetel is currently processing over
15 million minutes of traffic per month in this market.

In 2003, Onlinetel anticipates continuing to launch advertising based calling
networks in additional area codes nationally in order to significantly expand
its user base and advertising revenue. As well, by leveraging its technology
platform and scalable network infrastructure, Onlinetel has commenced several
potentially lucrative product offerings targeted to its growing user base;
lowest cost 10-10 based international calling, residential and corporate flat
rate subscription plans for unlimited calling between major centers nationally,
flat rate unlimited internet access services, and customized prepaid phone card
plans. Onlinetel delivers toll-quality communications at relatively low long
distance rates. With reduced investment cost burdens, Onlinetel's soft-switch
technology reliably scales to service millions of callers. Onlinetel's
continued expansion of its own national network along with seamless and virtual
connections worldwide with leading carriers is anticipated to extend
Onlinetel's reach to the global community in the future.

K-TRONIK INTERNATIONAL CORPORATION

K-Tronik is a North American manufacturer of energy efficient electronic
ballasts for fluorescent lighting. K-Tronik supplies ballasts worldwide to
OEMs such as Lightolier, Fontana, Edison, Visioneering, Peerless and others.
K-Tronik has developed a broad product line, low cost production and one of the
lowest product defect rates in the growing energy technology industry (less
than 0.04%).

K-Tronik had sales of CDN$10,107,000 in 2002, and has experienced steady sales
revenue from the previous year. This rapid growth is due in part to the United
States Department of Energy's mandate that all fluorescent lamp ballasts
produced after April 1, 2005 must be converted to energy efficient electronic
ballasts, as opposed to less efficient electromagnetic ballasts. Currently,
electronic ballasts represent 40% of the annual US $1 Billion North American
ballast market. The strong brand recognition and market share built by K-Tronik
over the past three years has also contributed significantly to its growth and
has positioned it for sales momentum in the future. Based on this growth, Eiger
announced its plans to take K-Tronik public in 2003 by way of a reverse
acquisition with LMC Capital Corp., a US reporting issuer.

The decision to take K- Tronik public was also based on maximizing Eiger's
return on shareholder equity that, according to management, is currently not
reflected in Eiger's share price. The public listing of K-Tronik will
potentially enable Eiger to realize this value and raise working capital
without dilution to Shareholders through the sale of its K-Tronik shares to the
public.

K-Tronik's strategy moving forward is to increase market share through the
acquisition of ESCO'S (General Contractors that specialize in conducting energy
efficiency audits of multiple tenant commercial buildings and retrofitting them
with high efficiency lighting ballasts) and various other component
manufacturers that supply the electronic ballast Industry. Integrating both the
manufacturing and distribution of ballasts will increase gross margin
substantially and will create operating efficiencies overall.

EIGER NET INC.

Eiger Net is involved in the R&D, engineering and manufacturing of CDMA and GSM
wireless phones, and multimedia and data communication cards such as 56K and
DSL modem cards, Home PNA cards, LAN cards, MP3 modules and other Internet
access devices for OEM consumer electronics companies worldwide. Eiger Net is
located in South Korea and has 30 employees.

In 2000, Eiger Net invested in new manufacturing capacity and obtained a QS
9000 certification in order to able to compete for large volume OEM consumer
electronics contracts. As a result of those initiatives, Eiger experienced
dramatic revenue growth in 2000 and was cash flow positive. Eiger Net has
commenced production of cellular phone assembly as is expected to continue
production throughout 2003.

However, the global economic downturn that began last year resulted in a
difficult year for Eiger Net in 2001. The cost of new investments coupled with
much lower production volumes than anticipated substantially increased unit
production costs thereby eliminating operating margins.

With continued growth of the Internet and the convergence of voice and data
networks, demand for multimedia and data communication cards that enable
consumer electronic devices to access those networks will grow. As such, Eiger
Net is positioned in growth areas of the computer components industry. However,
until there is evidence of an overall economic recovery, Eiger Net will
experience weaker than average operating results.



ADH CUSTOM METAL FABRICATORS INC.

ADH Custom Metal Fabricators is a fully integrated custom sheet metal
manufacturer that specializes in low volume custom enclosures and cabinets.
Products are custom engineered using the latest CAD technology and CNC
manufacturing equipment. Products are all built to NEMA specifications and can
range in size from a mailbox to a small house. In addition to its focus on
enclosures and cabinetry, ADH contract manufactures for nationwide distribution
of data and relay racks, custom control enclosures, fluorescent light fixtures
and store display fixtures. ADH fabricates using a wide variety of metals and
finishes including mild steels, aluminum, and stainless steel. ADH is located
in Stratford, Ontario, in a 55,000 square foot manufacturing facility on 35
acres of land that is wholly owned by Eiger.

ADH went through significant restructuring in 2001 and, in November 2001 hired
John Ramsbottom as President. ADH identified certain high growth segments in
the electrical cabinetry and enclosure market that management believes will
fuel internal growth, and also developed an acquisition strategy to consolidate
a highly fragmented North American manufacturing industry. As part of this
consolidation strategy, Eiger announced in December 2001 that it is taking ADH
public by way of reverse acquisition of CDNX listed Newlook Capital Corp. in
order to utilize capital markets to facilitate its acquisition strategy.

Description of Principal Products

The Onlinetel subsidiary serves the retail and business market segments of the
long distance industry in Ontario with the rest of Canada being expanded into
within the next year. Currently, Onlinetel offers fee based long distance
service, advertising based long distance service, and ISP services.

The K-Tronik subsidiary serves the retro fit and new building electronic
fluorescent light ballast market in the USA, Canada, South America and Korea.
The K-Tronik energy efficient electronic ballast is manufactured in its factory
in Seoul, Korea with research and development facilities in both Seoul and New
Jersey.

The Company serves the major peripheral market segments of the computing
industry, being the communications, connectivity and storage segments, and has
designed its product line around providing solutions to customers in each of
these market segments. The Company manufactures computer peripherals such as
PCMCIA card data/fax modems, desktop PC modems, data storage and networking
devices and data storage cards for use in digital cameras (collectively, the
"Peripheral Products").

The ADH subsidiary serves the custom metal fabrication market in Southwestern
Ontario. ADH's principal products include data and relay racks, custom control
enclosures, fluorescent light fixtures and store display fixtures.

Methods of Products Distribution

The Company's Onlinetel subsidiary markets its fee based long distance service
through offering the initial service free and allowing word of mouth to
increase the subscription base. When a critical mass is accomplished, the
service is turned over to a fee based service with a 15% retention rate. The
advertising based long distance service is marketed by an internal sales staff
that market Onlinetel services directly to advertising agencies and large
advertisers.

The K-Tronik subsidiary has an extensive distribution network that includes a
head office sales force coupled with regional sales representatives. This has
allowed K-Tronik to sell to a broad base of customers in the construction and
retrofit sector of the U.S.A.

Key to the Eiger Net's distribution network is its ability to market its
product line effectively to major OEM's in Korea such as Samsung and LG.

ADH's distribution is performed by an internal sales force directly to
manufacturers in Southwestern Ontario.

Research and Development

Research and development expenses were nil ($20,000: 2001; $987,000: 2000) for
the year ended September 30, 2002 as a result of a cost cutting program in
place until the economy improves.

The Company has employed trained professionals to perform its research and
development work, most of whom have work experience in the field of computer
technology and product development for established corporations such as Samsung
and Garnet Systems. Management believes that the Company has a competitive
advantage over many of its competitors in terms of product development and
market rollout as it has conducted all of its own research and development,
which management believes many of its competitors do not. This has enabled
management to monitor both the timely development of products with a view to
current technology and market demand as well as controlling the
cost-effectiveness of research and development activities, thereby reducing
overhead costs and the risk of timing delays that could lead to introduction of
obsolete products into the rapidly changing marketplace in which the Company
operates.

Facilities

The Company's executive and registered head office is located at 330 Bay
Street, Suite 602, Toronto, Ontario M5H 2S8. Eiger Labs' offices are located at
37800 Central Court Newark, California 94560.

EigerNet's offices are located at 1234-9 Jeungwand-Dong, Sheheung-City
Kyunggi-Do South Korea. K-Tronik's offices are located at 290 Vincent Avenue,
3rd Floor, Hackensack, NJ 07601. Onlinetel's office is located at 30 Duke
Street, Suite 701, Kitchener, ON N2H 3W5. ADH's office is located at 818 Erie
Street, Stratford, ON N4Z 1A2.

Employees

The Company and its subsidiaries currently employ approximately 82 employees
worldwide.

Risks Associated with the Company's Operations

The Company's operations are subject to a variety of risks and uncertainties.
The following factors are not to be considered a definitive list of all risks
associated with the Company's operations.







Foreign Operations

The Company derives 82% of its revenue from international sales outside of
North America and 52% of revenue from the United States. International sales
are subject to certain risks, including unexpected changes in legal and
regulatory requirements and policy changes affecting the Company's markets;
changes in tariffs, currency exchange rates and other barriers; political and
economic instability; difficulties in accounts receivable collection;
difficulties in managing distributors and representatives; difficulties in
protecting the Company's intellectual property; and potentially adverse tax
consequences. See also "Foreign Exchange Rate" below.

Management of the Growth of the Company

The implementation of the Company's business strategy could result in a period
of rapid growth. This growth could place a strain on the Company's managerial,
operational and financial resources and information systems. Future operating
results will depend on the ability of senior management to manage rapidly
changing business conditions, and to implement and improve the Company's
technical, administrative, financial control and reporting systems. No
assurance can be given that the Company will succeed in these efforts. The
failure to effectively manage and improve these systems could increase the
Company's costs and adversely affect its ability to sell and deliver its
products and services.

Competition

The Company faces competition in each of its markets and has competitors, many
of which are larger and have greater financial resources than the Company.
There can be no assurance that the Company will be able to continue to compete
successfully in its markets. Because the Company competes, in part, on the
technical advantages and cost of its products, significant technical advances
by competitors or the achievement by such competitors of improved operating
effectiveness that enable them to reduce prices could reduce the Company's
competitive advantage in these products and thereby adversely affect the
Company's business and financial results.

New Products and Technological Change

The market for the Company's products is characterized by rapidly changing
technology, evolving industry standards and frequent new product introductions,
which may be comparable to, or superior to the Company's products. The
Company's success will depend upon market acceptance of its existing products
and its ability to enhance its existing products and to introduce new products
and features to meet changing customer requirements. There can be no assurance
that the Company will be successful in identifying, manufacturing and marketing
new products or enhancing its existing products on a timely and cost-effective
basis or that such new products will achieve market acceptance. In addition,
there can be no assurance that products or technologies developed by others
will not render the Company's products or technologies non-competitive or
obsolete.

New Market Development

There can be no assurance that the Company will be able to identify, develop
and export to countries or geographic areas in which it is not presently
selling.

Intellectual Property

The Company has not obtained patent protection for its proprietary technology
or products and has not registered any trademarks or copyrights. As the Company
has not protected its intellectual property, its business may be adversely
affected by competitors copying or otherwise exploiting the features of the
Company's technology, products, information or services.

Dependence on Key Personnel and Skilled Employees

The success of the Company is dependent, in large part, on certain key
personnel and on the ability to motivate, retain and attract highly skilled
persons. The employment market for skilled technology employees is extremely
tight. There can be no assurance that the Company will be able to attract and
retain employees with the necessary technical and technological skills given
the highly competitive state of the employment market for these individuals.
The loss of such services or the failure by the Company to continue to attract
and retain other key personnel may have a material adverse effect on the
Company, including its ability to develop new products, its ability to grow
earnings and its ability to accelerate revenue growth.

Risks of International Business

Currently two of the Company's production facilities are based in South Korea
while the other facility is located in Canada. As well, the Company
distributes, markets and sells its products in numerous foreign countries.
Accordingly, the Company is subject to the risks associated with producing and
selling in international markets. These risks include the imposition of tariff
and non-tariff barriers to trade requirements for export licenses local
business regulation including the imposition of taxes.

Relationship with Production Employees

Although the employees of the Company are not unionized, there can be no
assurance that this will not occur. Management of the Company is of the opinion
that the unionization of its operations would have a detrimental effect on the
Company's ability to remain competitive.

Uncertain Operating Results

The Company's operating results have varied and may continue to vary
significantly depending on such factors as the timing of new product
announcements, increases in the cost of raw materials and changes in pricing
policies of the Company and its competitors. The market price of the Shares may
be highly volatile in response to such fluctuations.

Foreign Exchange Rate

Material appreciation of the Canadian dollar against the US dollar would reduce
the profitability of the Company's US sales. The Company is also exposed to
exchange rate fluctuations in the US and Canadian dollar against the Korean
Won.

Political Climate in South Korea

Political instability in South Korea may negatively affect the Company's
ability to manufacture its products on a timely basis, resulting in product
shortages. Management is unaware of any present evidence of political
instability of this magnitude in South Korea.

4.       SELECTED CONSOLIDATED FINANCIAL INFORMATION


Annual Financial Information - Last Five Years

Set forth below is a summary of certain selected consolidated financial
information with respect to the Company for the fiscal years ended September
30, 2000, 1999, 1998, 1997 and 1996. This information should be read in
conjunction with the disclosure under the heading "Management Discussion and
Analysis".

                             YEAR ENDED SEPTEMBER 30

                    2002        2001        2000         1999         1998
                      $           $           $            $            $
- -------------------------------------------------------------------------------
Total Revenue       19,325,000  30,070,000  57,068,000   8,433,000    4,796,000

Net earnings (loss)(1,769,000) (20,327,000)   (693,000)   (742,000)     543,000

Earnings (loss)         (0.15)       (0.59)       (.03)       (.05)         .01
per share

Basic earnings          (0.15)       (0.59)       (.03)       (.05)         .01
(loss) per share
(fully diluted)

Total assets       23,758,000   30,721,000  57,145,000  17,018,000    7,810,000

Total Long-term       940,000    1,014,000   1,488,000   1,111,000    1,092,000
debt

Total Dividends           Nil          Nil         Nil         Nil          Nil
declared
- --------------------------------------------------------------------------------



Quarterly Financial Information - Last Eight Quarters(1)



The following table presents selected financial data of the Company for its last
eight quarters:




                    Q4-9/02       Q3-6/02        Q2-3/02       Q1-12/01
                       2002          2002           2002           2001
- -------------------------------------------------------------------------------
Total Revenue     5,060,000     4,102,000      5,365,000      4,798,000

Net Earnings     (1,769,000)   (1,104,000)    (1,581,000)      (784,000)
(loss)

Earnings (loss)       (0.06)        (0.03)         (0.04)         (0.02)
per share

Basic earnings        (0.06)        (0.03)         (0.04)         (0.02)
(loss) per share
(fully diluted)

Total assets     23,758,000    25,400,000     26,517,000     28,695,000

Long-term debt      940,000       645,000      1,012,000      1,068,000
- -------------------------------------------------------------------------------

Financial data for the Company's last eight quarters continued:

                    Q4-9/01       Q3-6/01        Q2-3/01       Q1-12/00
- -------------------------------------------------------------------------------
Total Revenue     6,719,000     7,767,000      5,912,000      9,671,000

Net Earnings     (6,310,000)  (12,952,000)      (458,000)      (607,000)
(loss)

Earnings (loss)       (0.28)        (0.38)         (0.01)         (0.02)
per share

Basic earnings        (0.28)        (0.38)         (0.01)         (0.02)
(loss) per share
(fully diluted)

Total assets     30,721,000    38,649,000     51,890,000     50,310,000

Long-term debt    1,014,000     1,134,000      1,140,000      1,167,000
- -------------------------------------------------------------------------------

(1) Fully diluted earnings per share are the same as net earnings per equity
share as the inclusion of common share equivalents in the earnings per share
calculation would have an anti-dilutive effect.

During the fiscal year ended September 30, 2000, the company disposed of its
60% equity interest in Lexatec VR Systems, Inc. to an arms length third party
for the sum of $1. The measurement date for the transaction was June 30, 2000,
and the actual date of the desposition was September 1, 2000. No assets or
liabilities of this discontinued operation were on hand at the end of the year.
See the segmented information disclosure in the consolidated financial
statements for operating results of the discontinued operations.

Dividend Policy

The Company has never paid cash dividends. The Company has no fixed dividend
policy. Payment of dividends in the future will depend on, among other things,
the Company's earnings, capital requirements, and financial conditions. The
Company does not anticipate that dividends will be paid in the foreseeable
future.

5.       MANAGEMENT DISCUSSION AND ANALYSIS

Reference is made to the section entitled "Management Discussion and Analysis"
within the Company's Annual Report to shareholders for the year ended September
30, 2002, which section is incorporated herein by reference.



6.       MARKET FOR SECURITIES

The Company's Common Shares are listed and posted for trading on The Toronto
Stock Exchange under the symbol "AXA" and are quoted on the Nasdaq Bulletin
Board under the symbol "ETIFF").

7.       DIRECTORS AND OFFICERS

The following table indicates the names and municipalities of residence for
each director and officer of the Company, and indicates their respective
principal occupations for the preceding five years. The table further indicates
the date on which the following persons began acting as directors or officers
of the Company, as the case may be, and states the number of voting shares of
the Company which are beneficially owned by each of them or over which they
have direct or indirect control.

                                                        Number of Voting Shares
                                                          Beneficially Owned or
Name and Address     Occupation        Director Since    Controlled Directly or
                                                                     Indirectly
- -------------------------------------------------------------------------------

Gerry A. Racicot     President, Chief  August 21, 1992         1,456,530(2) (5)
Norwich, ON          Executive Officer
                     and Director

Keith Attoe          Chief Financial   February 23, 1996         3,200(3)(4)(6)
Toronto, ON          Officer and
                     Director of the
                     Company;

Sidney S. Harkema    Director of the   August 21, 1992       1,509,500(3)(4)(7)
Orillia, ON          Company; Retired


Robert Hoegler       Director of the   February 23, 1996           Nil(3)(4)(8)
Richmond, BC         Company;
                     Independent
                     Consultant,
                     Director of MCA
                     Equities Ltd.
- -------------------------------------------------------------------------------

Notes:

(1)      For the last five years, each of the proposed nominees has been
         engaged in his current principal occupation.

(2)      Includes Shares over which control or direction is exercised. The
         information as to Shares beneficially owned or controlled, not being
         within the knowledge of the Company, has been provided by the
         nominees.

(3)      Member of the Audit Committee.

(4)      Member of the Corporate Governance and Compensation Committee.

(5)      Mr. Racicot also holds options to purchase 1,250,000 Shares.

(6)      Mr. Attoe also holds options to purchase 1,000,000 Shares.

(7)      Mr. Harkema also holds options to purchase 200,000 Shares.

(8)      Mr. Hoegler holds options to purchase 150,000 Shares.


The Company does not have an executive committee.

The directors of the Company are elected annually and hold office until the
next annual general meeting of the Company's shareholders or until their
successors in office are duly elected or appointed. All of the Company's
directors were elected at the Company's most recent annual general meeting,
which took place on March 23, 2000. Under the Company Act (Ontario) the Company
is required to hold an annual general meeting no more than 15 months after its
most recent annual general meeting.

All of the directors of the Company are ordinarily resident in Canada.

The following table indicates the total number of voting shares of the Company
held by its directors and officers individually and as a group, and the
percentage that such shares form of the total number of voting shares of the
Company issued and outstanding.


                            Number of Shares
                              Beneficially Owned or
                            Controlled Directly or         Percentage of Total
Name                        Indirectly                     Shares Issued(1)
- -------------------------------------------------------------------------------
Directors and Officers      2,969,230                      8.1%
as a Group
- -------------------------------------------------------------------------------

(1) Based on a total of 35,688,924 Common shares issued and outstanding as at
    September 30, 2002.

8.       ADDITIONAL INFORMATION

The Company shall provide to any person, upon request to the Secretary of the
Company:

1.       when any securities of the Company are in the course of a distribution
         pursuant to a short form prospectus or a preliminary short form
         prospectus has been filed in respect of a distribution of any
         securities of the Company:

a)       one copy of this annual information form, together with one copy of
         any document, or the pertinent pages of any document, incorporated by
         reference herein;

b)       one copy of the comparative financial statements of the Company for
         its most recently completed financial year together with the
         accompanying report of the auditor and one copy of any interim
         financial statements of the Company subsequent to such financial
         statements;

c)       one copy of the information circular of the Company in respect of its
         most recent annual general meeting; and

d)       one copy of any other document which is incorporated by reference into
         the preliminary short form prospectus or the short form prospectus and
         is not required to be provided under (a) to (c) above; or

2.       at any other time, a copy of the documents referred to in items (a),
         (b) and (c) above, upon payment of a reasonable charge if the request
         for copies of such documents is made by a person who is not a security
         holder of the Company.

Additional information, including directors' and officers' remuneration,
principal holders of common shares, options to purchase common shares and
interest of insiders in material transactions, is contained in the information
circular for the annual general meeting of the Company to be held on March 28,
2001 and additional financial information is provided in the Company's
comparative financial statements for its most recently completed financial
year.

Since October 1, 1998, none of the directors or officers of the Company has
been indebted to the Company or any of its subsidiaries.