Knockout Holdings, Inc. ("the Company," "we," "us," or "our"), through its wholly owned subsidiary The Knockout Group, Inc., is currently engaged in the business of selling industrial cleaning products, household cleaning products and automobile cleaning products that are based on a proprietary patented technology. We operate under a license agreement with George Foreman, the two-time World Heavyweight boxing champion. Initial sales of our cleaning products began in August 2004.

We also currently own a 50% interest in Access: New Age Corp., which owns and operates an Internet website that was launched in April 1996. The website offers a...