(a)  
Business Development

GlobeTrac was incorporated under the laws of the State of Delaware on March 2, 2000 under the original name “411 Place.com Inc”. On February 28, 2001, GlobeTrac changed its name to “Artescope, Inc.”

On May 6, 2002 all of the directors and officers of GlobeTrac resigned and a new director and officer was appointed.

On July 29, 2002, the Company changed its name to “GlobeTrac Inc.” GlobeTrac has an authorized capital of 205,000,000...