MindfulEye, Inc. (MindfulEye or the company) was incorporated under the laws of the State of Nevada in 1977. The company is engaged in the business of Internet software and technology research and development. MindfulEye has developed a new category of technologies that can mine raw text content from digital sources including the Internet and can, through the use of its proprietary artificial intelligence technology known as Lexant™, extract and deliver to its customers information that affects organizations in which they may have interest. MindfulEye's technologies are designed to: Monitor Internet content such as Internet Relay Chat (IRC) channels, Web-based discussion forums, editorial Web sites, and other sources of digital content such as newswire and other electronic data feeds in near real-time for specific types of information; Match text information to specific types of search criteria such as stock ticker symbols; Rank texts for sentiment, classify texts by topic, summarize texts, and rank texts for relevance using a branch of Artificial Intelligence (AI) technology known as Natural Language Processing (NLP); Deliver information to customers in a variety of vertical markets using a variety of delivery methods including the World Wide Web, e-mail, and wireless. MindfulEye Surveillance: MindfulEye used its technologies to develop two software applications for segments in the financial sector. In November 2000, the Company launched a service for individuals in the investor relations profession known as MindfulEye Surveillance. This monitoring service tracks online content published about public companies, alerting investor relations professionals to events that could affect their companies' interest. MindfulEye Surveillance is distributed in Canada exclusively by Canada NewsWire, the leading Canadian corporate disclosure newswire service and media service provider. To date, MindfulEye has not entered into agreements with third parties to distribute this service outside of Canada. InvestorLite: In March 2001, MindfulEye developed and launched an application of its technology known as InvestorLite. InvestorLite is designed to serve retail investors in the financial sector. This application is distributed directly by MindfulEye via the Internet and is intended to provide retail investors with access to information that may affect the stock price of companies that interest them. MindfulEye continues to develop its own applications for various vertical markets, the company expects to aggressively pursue opportunities to co-develop and license private-label applications of its technology with third parties in a variety of vertical markets. Those markets include the financial sector, the entertainment industry, the polling and public relations markets, consumer products marketing, customer relationship management (CRM), the risk management and credit rating sector, the healthcare market, and the markets for Internet content management and Internet search services.