Phase III Medical, Inc., formerly known as Corniche Group Incorporated, provides capital and guidance to companies, within the medical sector, in exchange for revenues, royalties and other contractual rights, known as royalty interests, that entitle it to receive a portion of revenue from the sale of pharmaceuticals, medical devices and biotechnology products. Previously, the Company was a provider of extended warranties and service contracts via the Internet at warrantysuperstore.com through June 30, 2002. As of December 31, 2003, the business of Phase III comprises the run off of its sale of extended warranties and service contracts via the Internet and the new business opportunity it is pursuing in the medical/bio-tech sector.