On February 6, 2012, Dana Waldman resigned as the Cleartronic, Inc's Chief Executive Officer and a member of the board of directors. Larry Reid, age 67, the registrant's current Chief Financial Officer, was appointed by the board of directors to serve as CEO effective February 6, 2012. Mr. Reid has been a member of the board of directors since 1999 and CFO since March 2005. He served as President from September 2006 to July 2011. He was also the President from 1999 to March 2005, at which time he became the Executive Vice President and CFO. From December 2001 until September 2005, Mr. Reid was the CFO and a director of Connectivity Inc.
Cleartronic, Inc. is a diversified holding company that creates and acquires operating subsidiaries to manufacture and sell products, services, and integrated systems to governmental agencies, private and not-for-profit business enterprises, and the general public. The Company operates through its wholly owned subsidiary, ReadyOp Communications, Inc. (ReadyOp). ReadyOp facilitates the marketing and sales of subscriptions to the ReadyOp and ReadyMed platform and the AudioMate IP gateways. ReadyOp is a Web-based planning, communications and operations platform for planning, managing, communicating, and directing operations and emergency response. ReadyOp is used by local, state and federal government agencies, corporations, school districts, utilities, hospitals and others to manage and report daily operations. ReadyMed is a Web-based secure communications platform designed for the healthcare industry. It also offers Internet protocol (IP) gateways branded as AudioMate 360 IP Gateway.
CLEARTRONIC, INC. 
