Technology company, BSL Holdings Ltd., has changed its name to Millennium International and sold its stake in the US-based Attitude Network Ltd. to a Florida investment company for $3,972,260.

That is more than a 94 percent gain over the $2,047,000 the Bermuda company paid as a founding shareholder of Attitude last year.

The company said yesterday, when applied against the unamortised value of the Attitude investment, this sale will result in a one-time gain to Millennium of about $3.3 million.

Millennium International chairman, William J. Midon, said: "When BSL Holdings Ltd. first offered its stock for sale to the public, there was a commitment to use a portion of the offering proceeds to invest in technologies that management judged as having the potential to increase shareholder value.

"Although Attitude's stock would in all probability have further increased in value in the future, a plateau had been reached while Attitude was continuing its business development phase.

"The board determined it was in our shareholders' interests to capitalise on the gain to date so that Millennium would be positioned to take advantage of other investment and acquisition opportunities and further increase value for our shareholders.'' Meanwhile, the change of name to Millennium International was approved by shareholders at the annual general meeting.

Mr. Midon said: "Our new name better describes the breadth of our strategic operations going forward.'' He said it was determined the company needed a new name that highlighted the innovative technology and communications operations being carried on by the operating subsidiaries, and the commitment to expand the provision of solutions to clients.

With access to cutting edge technology, Millennium operates in Bermuda through Internet (Bermuda) Ltd. and Business Systems Ltd. Bahamian subsidiaries include Digital Systems (Bahamas) Ltd. and Internet (Bahamas) Ltd.