General

As used herein the terms “Company,” “we,” “our,” and “us” refer to Planktos Corp. (formerly Diatom Corporation), a Nevada corporation and our subsidiaries and predecessors, unless the context indicates otherwise.

The Company was incorporated as eWorld Travel Corp on December 10, 1998 to provide internet-based travel services. The Company changed it name to GYK Ventures, Inc. on September 23, 2002, and to Diatom Corporation on July 8, 2005. Subsequent to the year ended December 31, 2006, we changed our name to Planktos Corp.

On August 17, 2005, the Company entered into an Iron-Fertilization...