Introduction

Cetek Technologies, Inc. (the "Company"), through its wholly owned subsidiary Cetek Corporation (the "Subsidiary"), is engaged in the manufacturing and development of materials such as ceramics. The Company has derived substantially all its revenues from the fulfillment of orders for its contract manufacturing operations. Nevertheless, its main focus since 1993 has been directed towards the research and development of an improved manufacturing process for advanced ceramics. Advanced ceramics are ceramics that require special engineering and are used in electronics and other specialized applications. In 1999 the Company did not derive any revenues from the sale...