ITEM 1. DESCRIPTION OF BUSINESS
Background
Diagnostic International, Inc. was originally incorporated in
Delaware on August 20, 1990 as Aerobic Life Industries, Inc. It
became a public company on September 7, 1990 by merging into West
America Energy, Inc. On October 1, 1994, Aerobic Life Industries,
Inc. re-domiciled in Nevada. On November 17, 1995, the Company
changed its name to Diagnostic International, Inc. Its principal
place of business is located at 23025 N. 15th Ave., Suite 203,
Phoenix, AZ 85027.
The Company underwent a reorganization by filing the Debtor's
Plan of Reorganization on October 13, 1997 in the United States
Bankruptcy Court for the District of Arizona.
The Company currently operates under a D/B/A as Aerobic Life
Industries, Inc.
Business of Issuer
Products
Vegetable Powders
Diagnostic International is stocking vegetable powders from Nutra
Research International in British Columbia. The powders are
carrot ginseng and Mega barley sold in bulk containers of 5.3
ounces each. Air dried powders have been shown to retain a high
degree of micronutrients and phytochemicals. Taking these
products in powdered form enables the user to obtain maximum
benefit from only a small amount of powder as compared with the
volume of fresh vegetables necessary to match the nutrient
content. Diagnostic International has also entered the powdered
Aloe Vera business as a result of a Japanese buyer who started
two years ago developing a juice drink from liquid aloe vera
juice.
Immune System Products
The advent of AIDS, pneumonia and other debilitating immune
system diseases has caused an acute awareness to the health
conscious community.
Grape seed extract contains proanthocyanadins (OPC) which are
powerful antioxidants.
Colostrum is a powerful immune system builder. A mother cow will
produce Colostrum just before giving birth. Upon the first ten
days of its life, the calf is given the Colostrum in which it
obtains all its immune system protection.
Herbal Products
Diagnostic International has been looking at several more
products such as Co enzyme Q-10, lacto bacillus Salavorius, Cats
Claw, Bovine Cartlidge, a multi product immune capsule, and
Kambucca tea.
EZZIAC Tea with Aloe is a slight variation from the regular EZZIA
Tea by the addition of Aloe Vera. We believe that many of the
ingredients in the tea have anti-fungal, anti-viral, and anti-
tumor characteristics.
Sublinguals and Homeopathic
Diagnostic International markets a line of sublinguals from Nutra
Research International. There will be an effort made to broaden
this line of products with the supplier in the future. We hope to
develop our own homeopathic line of products.
ITEM 2. DESCRIPTION OF PROPERTY.
On June 18, 2001, Diagnostic entered into a three year lease
agreement with Delta 1998, L.L.C. to utilize office and
warehousing space located at 23025 N. 15th Ave., Suite 106,
Phoenix, Arizona 85027. The term of lease commences September 15,
2001 through September 14, 2004.
On August 1, 2001, Diagnostic entered into a separate three year
lease agreement with Delta 1998, L.L.C. to utilize office space
located at 23025 N. 15th Ave., Suite 203, Phoenix, Arizona 85027.
The term of the lease commences September 15, 2001 through
September 14, 2004.
Since Diagnostic is incorporated in Nevada, it is required to
maintain a resident office in that state in which corporate
documents are available for inspection. The resident office is
located at 777 N. Rainbow Blvd., Suite 390, Las Vegas, NV 89107.
No activities take place in the resident office. All other
activities have been consolidated to the facility described
above.
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