Item 7.01 Regulation FD Disclosure.

As disclosed in the registrant's current report on Form 8-K dated September 23, 2008, on September 22, 2008, the registrant sold 900,000 shares of its common stock and warrants to purchase 675,000 shares of common stock to an investor in consideration of $1,035,000. In addition, as disclosed in the registrant's current report on Form 8-K dated August 6, 2008, on August 5, 2008, the registrant entered into a securities purchase agreement for the sale of, and on August 6, 2008, sold 1,391,304 shares of its common stock and warrants to purchase 695,652 shares of its common stock to two investors in consideration of $1,600,000. While the shareholders equity reported by the registrant in its annual report on Form 10-K filed on September 29, 2008 was $2.33 million, the registrant, following the above-mentioned offerings is, as of the date of this current report on Form 8-K, in full compliance with the shareholders equity requirement for continued listing of its shares of common stock on the Nasdaq Capital Market.