Company TraceGuard Technologies Inc.

TraceGuard Technologies, Inc. (TraceGuard) focuses its business operations on the development and marketing of products for the homeland security market. On February 15, 2006, the Company's wholly owned subsidiary, TraceGuard Technologies Ltd. entered into a License Agreement (the Agreement) with Tracetrack Technology Ltd. (Tracetrack). Pursuant to the Agreement, the Company acquired an exclusive, worldwide, perpetual license to the patents and related know-how owned by Tracetrack, which involves technology being developed to be used for the collection of explosive traces. The Company's products are designed to deliver explosive trace extraction solutions for the screening of luggage and freight items. At the core of TraceGuard's technology is the use of non-destructive physical methods to automatically release and extract traces, molecules, particles and vapors of explosives from both the exterior and interior of screened objects. Its products include CompactSafe and CarrySafe.