In addition, on June 13, 2013, we entered into a l

In addition, on June 13, 2013, we entered into a letter of intent with Duos Technologies Inc. ("Duos"), a Florida-based company providing intelligent video surveillance systems as well as physical security information management solutions, respecting a share exchange transaction. The letter of intent contemplates that, subject to the satisfaction of certain conditions, we issue shares of our common stock equal to a majority of the total outstanding shares of our common stock as of consummation of the contemplated share exchange to the current shareholders of Duos. The letter of intent is subject to various contingencies, including the finalization and entering into of a set of definitive legal agreements relating to the contemplated share exchange as well as satisfaction following due diligence investigations of each of ourselves and Duos. As definitive agreements were not entered into within 30 days of the execution of the letter of intent, either party is entitled to terminate the letter of intent.