Proguard Acquisition Corp. (fka PGRD)

[$ B.M.F.$]

Our acquisition strategy is also key to our growth. During 2011 we closed the acquisitions of Hinson Office Supply and the assets of SWH Enterprises, Inc. and Super Warehouse Gov, LLC, which are now part of Superwarehouse. As a result of these acquisitions, our offerings span several areas. Our original business, Random Source, targets small to medium-sized business in the 60-mile area surrounding our Fort Lauderdale, Florida offices. Hinson Office Supply concentrates on government and educational sales to customers in the same 60-mile area. Superwarehouse is an open-platform web-based businesses which primarily sells toner. These acquisitions, together with our organic growth, helped us to increase our net sales from $6.1 million for 2011 to $14.6 million for 2012