PENNANT INTERNATIONAL GROUP PLC is engaged in the provision of management services to the Group. The Company operates in three segments: training systems, data services and software. The principal activity of Group companies during the year ended December 31, 2011,was the delivery of integrated logistic support solutions. These comprise Logistic Support Analysis Report software, technical documentation, simulation and computer based training systems to customers worldwide; principally those in defense and aerospace, but also in rail transport, oil and gas, petro-chemical, power, customer goods retail, information technology and telecommunications industries. The Company�s subsidiaries include Pennant Training Systems Limited, Pennant Information Services Limited, Pennant Software Services Limited, Pennant Canada Limited, Pennant Australasia Pty Limited, Pennant Information Services Inc. and Pennant EBT Trustee Limited.