We are a Nevada corporation. We were formed on September 27, 1988. We have historically been engaged in the development, commercialization and sale of products and systems using patented and proprietary technologies including catalyst technology and water purification.

We largely ceased operations during 2003 and had begun focusing efforts on restructuring and refinancing. In fiscal year ended July 31, 2005, we successfully continued these efforts in settling various pending law suits and reducing outstanding liabilities and, in September 2005, we entered into various financing transactions and acquired North...