Annual report pursuant to section 13 and 15(d)

SUBSEQUENT EVENTS

v2.4.0.8
SUBSEQUENT EVENTS
12 Months Ended
Jun. 30, 2013
SUBSEQUENT EVENTS [Abstract]  
SUBSEQUENT EVENTS
NOTE 12 – SUBSEQUENT EVENTS

On August 27, 2013 we announced that Polartec, LLC, a premium producer of textile solutions, has been granted a license to utilize our proprietary STAYFRESH® technology for a range of products and fields of use.
 
In August 2013 the US Patent Office approved patent number 12/830,062  "Polyelectrolyte Complex for Imparting Antimicrobial Properties to a Substrate". This patent will provide protection for an improved method of preparing the Company's NIMBUS antimicrobial products.  The method utilizes a Poly-Electrolyte Complex, or PEC in which a negatively-charged (anionic) polymer is used to stabilize the active antimicrobial agent - a positively-charged (cationic) polymer.  This complex allows the NIMBUS polymer to be bonded to a wider variety of substrates.