Traack Technologies Inc (TRAA)

[SFGiants]

Mobile Data Corp. ("MDC") is a software development company whose mandate is to provide solutions for telecommunications and computer convergence for the year 2010 and beyond.

In October 2009, MDC acquired a leading edge Global Positioning System ("GPS") tracking technology for the latest generation of GPS enabled Smartphones. MDC is further developing this technology and it will be marketed under the name MDC-Tracker™.

MDC has initially targeted Research in Motion Limited's ("RIM") Storm 2 as the first device for its MDC-Tracker™ technology. MDC plans to expand support to more Smartphones including further RIM devices, Apple iPhone and Google Android based devices.

The MDC-Tracker™ technology has been designed to enhance the underlying base services provided by the Smartphone manufacturer and software application programming interfaces (APIs) have been developed to allow third party developers to rapidly deploy many types of location based services in both Internet and standalone modes.

It should be noted, that well engineered APIs enabled companies like Facebook and Twitter to attract hundreds of independent software developers to develop interfaces, which in turn caused millions of users to gravitate towards the web services provided by these companies. MDC expects that its underlying MDC-Tracker™ will become a standard interface for transferring any type of location based data and metadata and thus is positioned to become a standard part of many Smartphones.