EXHIBIT 4.1


                              LIST OF SUBSIDIARIES


1.   API Electronics, Inc., a Delaware corporation and a wholly owned subsidiary
     of the Company, doing business as API.

2.   IL Canada, Inc., an Ontario corporation and a wholly owned subsidiary of
     the Company, doing business as InvestorLinks.com.

3.   IL Data Corporation, Inc., a Nevada corporation and a wholly owned
     subsidiary of IL Canada, Inc., doing business as InvestorLinks.com.