HISTORY OF THE COMPANY

Diabetex International Corporation ("Diabetex" or the "Company") was founded on September 14, 1983. The original name of the Company was Sheridan Industries Inc. Through a merger in December 1998, the Company moved from Utah to Nevada and changed its name from Sheridan Industries, Inc. to Diabetex International Corporation to reflect its new strategy. This new strategy was to focus on diabetes-related products and services.

On June 30, 1999, Diabetex acquired the rights to a treatment program called Metabolic Activation for the treatment of metabolic diseases. This treatment program was the property of Advanced Metabolic Systems, a...