Markland Technologies, Inc. (Markland), incorporated in 1995, is an integrated company with four business areas: remote sensor systems for military and intelligence applications; chemical detectors; border security, and imaging and surveillance. Markland provides services to the United States Department of Defense (DOD) and to various other the United States Intelligence agencies (INTEL) remote sensing technology products, and services to protect the country's military personnel and infrastructure assets. The Company also provides to the Department of Homeland Security (DHS) products, services and emerging technologies to protect the country's borders, infrastructure assets and personnel. On June 29, 2004, the Company acquired E-OIR Technologies, Inc. EOIR provides research and engineering services to defense and intelligence community customers. EOIR's technical services include design and fabrication of sensor systems for military and intelligence community applications. These efforts involve systems, engineering, system integration, prototyping, field collections, as well as data analysis and processing. Substantially all of EOIR's revenues are derived from Government contracts. On February 14, 2005, Markland entered into definitive agreements with Technest Holdings, Inc. (Technest), a public company with no revenue and minimal assets and operations. On February 14, 2005, Technest acquired all of the capital stock of Genex Technologies, Inc. (Genex), a private company with expertise in imaging and surveillance whose primary customer is the United States DOD. Genex operates in four business areas: intelligent surveillance, chemical and explosives detection, research and development, and commercial products. On August 17, 2005, pursuant to a stock purchase agreement with Technest, the Company's majority owned subsidiary sold all of the outstanding stock of EOIR to Technest Remote Sensor Systems for Military and Intelligence Applications EOIR is engaged in the design and fabrication of customized remote sensor systems and platforms for DOD, INTEL and homeland security applications, and remote sensor data collection, data signal processing and data exploitation. EOIR also provides training services in the use of remote sensor systems and data, including systems engineering, system integration, prototyping, manufacturing and field data collections, as well as data analysis and processing. During fiscal year ended June 30, 2005, the Company's and EOIR's source of revenue is an omnibus contract with the United States Army night vision and electronic sensors directorate. Approximately 84% of EOIR revenues for the period were derived from this contract. Chemical Detectors The Company has a contract with the United States Navy to be the sole producer of the United States Navy's shipboard Automatic Chemical Agent Detection and Alarm (ACADA) System used to detect all classic nerve and blister agents, as well as other chemical warfare agent vapors through its subsidiary Science and Technology Research, Inc. (STR). The Company entered into an international distribution agreement with Tradeways, Ltd, to market and sell Markland's Shipboard ACADA chemical detection systems to foreign militaries in various countries, including Argentina, Australia, Canada, Chile, Egypt, Israel, Japan, Kuwait, Malaysia and the United Arab Emirates. Markland is working on the design of a next-generation point chemical detector product, which will operate using Ion Mobility Spectrography (IMS) cell technology and provide networked wireless communication capability. Border Security Markland's subsidiary Ergo Systems, Inc. provides contracts with the DHS to maintain, integrate and implement design enhancements to border security systems installed at the United States ports of entry for the dedicated commuter lane (DCL). The DCL is part of the United States customs and immigration and naturalization service initiative to reduce wait times, improve data accuracy and improve overall efficiencies at all border crossings for both fre

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