(a) Overview

Ecoloclean Industries, Inc. formerly known as SailTech International, Inc. (the "Company") was incorporated on September 16, 1998 under the laws of the State of Nevada as Argonaut Resources Ltd. On December 15, 2000, the Company changed its name to Sailtech International Inc. to reflect its business objectives of becoming an aluminum yacht manufacturer. Sailtech was a development stage enterprise which had just initiated operations as a manufacturer of a line of aluminum yachts and work vessels using a proprietary software technology which aided in the design and construction of aluminum boats. We had four yacht manufacturing...