JOINT FILING AGREEMENT The undersigned agree that this Schedule 13D filing herewith relating to the shares of common stock of Spigadoro, Inc. is filed jointly on behalf of each of the undersigned pursuant to Rule 13d-1(k). Dated: April 26, 2002...

                             JOINT FILING AGREEMENT

                  The undersigned agree that this Schedule 13D filing herewith
relating to the shares of common stock of Spigadoro, Inc. is filed jointly on
behalf of each of the undersigned pursuant to Rule 13d-1(k).

Dated:  April 26, 2002

                         VERTICAL FINANCIAL HOLDINGS

                         By:      /s/ Xxxxx Xxxx
                                  ---------------------------------

                         Name:    Xxxxx Xxxx

                         Title:   Chairman of the Board and Chief
                                  Executive Officer

                         GRUPPO SPIGADORO, N.V.

                         By:      /s/ Xxxxx Xxxx
                                  ---------------------------------

                         Name:    Xxxxx Xxxx
                         Title:   Chairman of the Board