Our History
More than three years ago the founders of Labtech Systems
Inc. were heavily involved in web-based solutions for a number of clients. The directors,
after much time spent researching the plus and minus advantages presented on the Internet
realized that this method of transmitting information could become a time bomb in the
wrong hands.
The Internet and computer skills are part of our everyday
life. As adults, many of us know where to draw the line and can determine who we
wish to communicate with and on what subjects.
With the evolution and fast-paced transformations that
are taking place with the Internet in general, Labtech realized that the use of the
Internet was quickly becoming an unsafe environment insofar as young children as well as
teenagers is concerned. For our kids, it is not that easy. As parents
and guardians we try to do all that we can to protect them but, unfortunately, we cannot
be by their sides 24 hours a day, 7 days a week. To most people there are two solutions:
pretend that the Internet does not exist; or, attempt to limit access to the Internet and
computers on a daily basis.
The first solution cannot work for too long; kids talk to
other kids and soon they will be putting pressure on their parents to let them
chat or exchange email with each other. Second, even with limited
access, do you really know what your son or daughter is doing when they are sleeping over
with their friends on Saturday night?
Neither solution works effectively for
anyone. The Internet has now come of age and its not the place for children to
be exposed to who-knows-what without proper and constant supervision.
And so we come to choozmail.
choozmail was originally developed by
Labtech Systems Inc. with only one goal: to provide a secure and controlled environment
for children of all ages to exchange emails and chat conversations. choozmail
provides the means for parents to exert their personal influence and supervision
without having to be physically next to their children.
After a two-year study of Labtechs comprehensive
suite of web-based applications and modules, combined with having the last 3 years of
their financial statements audited by Rotenberg & Co. of Rochester, New York, NITAR
Tech. Corp. acquired all shares of Labtech and all its copyrights and patents. The
principal reason for this acquisition is the large and growing potential market for
Labtechs choozmail. choozmail is the only complete and
comprehensive secure Internet communication solution (email, chat, voice) that was
designed from the ground up and focuses on the family and childrens security.
Marketing Solutions Ltd. of Toronto, Canada conducted an extensive analysis of potential
sales and market size and, together with George Parselias, CGA, prepared projected
Five-Year Pro-Forma Financial Statements. |