OVERVIEW & DEVELOPMENT OF BUSINESS

R-Tec Holding, Inc. (the “Company”)

          R-Tec Corporation began operations in 1995 as a privately held corporation. In August 1999, R-Tec Holding, Inc., which previously operated as a wholly owned subsidiary of Biogan International, Inc., began operating as a totally independent and separate entity. In order to bring the operating entity, R-Tec Corporation, under the umbrella of the holding corporation, R-Tec Holding, Inc., on September 27, 1999, the two corporations entered into a definitive agreement under which the shareholders of R-Tec Corporation...