Election of Director

On April 16, 2012, the Registrant appointed Mr. Donald C. Johnston as a member of its Board of Directors. Mr. Johnston currently serves as the Registrant's CEO and CFO; he has been a CPA for over 30 years and served as a senior executive for several companies over the past 2 decades. Recently, he served as the Chief Financial Officer for Acme Lift Company, LLC in Mesa, Arizona. Over the past 2 1/2 years, he led the team that raised over $75 million from Wall Street to recapitalize the business. Previously, Mr. Johnston was a partner and Chief Financial Officer of Schaefer-Smith-Ankeney Insurance Agency, LLC (SSA) in Phoenix, Arizona. He was a member of the executive team that sold the agency to BBVA/Compass. Prior to working for SSA, Mr. Johnston and another executive purchased Standard Printing Company, Inc. in a leveraged buyout. After the transaction, he took on the role of CFO. Mr. Johnston has worked in public accounting for over 10 years performing accounting, assurance and tax work for Big 8 and local accounting firms.

Departure of Director

On April 13, 2012, Mr. David Ide resigned as a Director of the Registrant's board. Mr. Ide was elected the Company's board on July 17, 2010 and served on the nomination and compensation committees respectively since September 2011. Mr. Ide was an architect of the organization's "build around" strategy for intellectual property advancement which, with fellow original founders and Boulder, CO scientists, delivered to the company four (4) issued United States patents and twenty-one (21) pending and provisional applications. Mr. Ide will continue to serve the company in an advisory capacity having joined the organizations newly formed advisory committee with a continued emphasis on the company's intellectual property pursuits.