SUMMARY OF CORPORATE HISTORY

Spectrum Sciences & Software Holdings Corp. (“Spectrum”, the “Company” or the “Registrant”) was formed under the name Silva Bay International, Inc. (a Delaware corporation) on August 26, 1998 for the purpose of locating and recovering rare and valuable aircraft.  Silva Bay International, Inc. did not have operations or revenues until April 2003, at which time the Company acquired Spectrum Sciences & Software, Inc. (“SSSI”), a Florida corporation.  On April 3, 2003, the Company acquired all of the issued and outstanding common stock of SSSI, in exchange for 2,500,000 shares of its common...