Exhibit 10.2

ACKNOWLEDGMENT OF ASSIGNMENT dated as of March 5, 2003 among VENTURES-NATIONAL
INCORPORATED, a Utah corporation with offices at 1855 Norman Avenue, Santa
Clara, California 95054-2029 (VNI); TITAN PCB EAST, INC., a Delaware corporation
and a wholly-owned subsidiary of Purchaser with offices at 1855 Norman Avenue,
Santa Clara, California 95054-2029 (East, in this agreement VNI, East, and any
present or future affiliate or subsidiary of either will be collectively
referred to as (Titan)); and COESEN INC., a New Hampshire corporation with
offices at P.O. Box 275, Hudson NH 03051 (Coesen).

         WHEREAS, Coesen has previously granted a perpetual life time license to
build and sell HVR-Flex (the Technology) to Eastern Manufacturing Corporation, a
Massachusetts corporation (EMC) pursuant to a license agreement between EMC and
Coesen dated January 6, 1995 (the License Agreement);

         WHEREAS, on February 27, 2003, Titan purchased all of the assets of
EMC, including, without limitation, all of EMCs rights under the License
Agreement and, in connection with this purchase, East was assigned the rights
under the License Agreement;

         WHEREAS, Coesen now wishes to acknowledge and confirm the assignment of
the License Agreement to Titan;

         NOW, THEREFORE, the parties agree as follows:

1. Coesen hereby consents to the assignment and transfer of EMCs rights under
   the License Agreement from EMC to East;

2. Coesen acknowledges and agrees that all the rights and obligations previously
   held by EMC under the License Agreement are now held by East, and Coesen will
   recognize these rights and obligations when performed or enforced by East;

3. Coesen acknowledges and agrees that whether the Technology is used by Titan,
   Coesen will regard any such use as a use by East pursuant to the License
   Agreement;

4. Titan shall pay Coesen a 2% royalty on a quarterly basis for all HVRFlex type
   product sold as consideration for the License Agreement.

5. Coesen will forgive the royalty for each quarter that both Alfred Covino and
   Joseph Thoman are under employment contracts with Titan/Ventures-National,
   Inc.



VENTURES-NATIONAL INCORPORATED


By: /s/ David M. Marks                            By: /s/ Joseph Thoman
   -------------------------------                   -------------------------
Name: David Marks                                     Name: Joseph Thoman
Title: Chairman                                       Title: Vice President



                                        TITAN PCB EAST, INC.

                                        By:  /s/ David Marks
                                           -------------------------------------
                                             Name: David Marks
                                             Title: Chairman