EXHIBIT 10.7 PROMISSORY NOTE

EXHIBIT 10.7

                                 PROMISSORY NOTE

$100,000.00                                                       August 23, 2004

                                                Providenciales, Turks and Caicos

Nelana   Holdings Ltd, an entity duly formed and organized   under the laws of the

Turks and   Caicos   Islands   ("Maker"),   hereby   promises   to pay to the order of

Nannaco,   Inc., a Texas   corporation   ("Holder"),   at 7235 North Creek Loop, Gig

Harbor,   WA 98335,   the sum of One   Hundred   Thousand   Dollars   ($100,000)   (the

"Principal"),   with   interest   at the rate of two   percent   (2%) per annum until

paid, pursuant to the following schedule:

      1.     Maker promises to pay Ten Thousand Dollars ($10,000.00) to Holder on

             or before October 15, 2004; and

      2.     Maker    promises   to   pay   Seven    Thousand   Five   Hundred    Dollars

            ($7,500.00), plus any accrued interest, on or before the fifth (5th)

            day of each month   thereafter,   until all principal and interest has

            been paid under this Note.

All   outstanding   principal and interest   shall be due on or before   October 15,

2005.

If not so paid and at the option of Holder,   or its assigns,   all   principal and

interest, shall become immediately due and payable. An "Event of "Default" under

this Note shall occur when the   Principal   or any other   amount to be paid under

this Note is not paid in full when due. Upon an Event of Default, Maker promises

to pay to Holder   interest on all unpaid   Principal   at a rate equal to eighteen

percent (18%) per annum.

Interest   shall be   computed on the basis of a 365-day   year or 366-day   year as

applicable,   and actual days lapsed. Maker shall have the privilege of prepaying

the principal under