SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                   FORM 10-QSB

   [X]       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D)
                 OF THE SECURITIES EXCHANGE ACT OF 1934

                  FOR THE QUARTERLY PERIOD ENDED September 30, 2007

   [ ]       TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D)
                  OF THE SECURITIES EXCHANGE ACT OF 1934

                        COMMISSION FILE NUMBER 000-29249

                   TRUE PRODUCT ID, INC. (FORMERLY ONTV, INC.)
             (Exact name of registrant as specified in its charter)


                   DELAWARE                                     16-1499611
 (State or other jurisdiction of incorporation              (I.R.S. Employer
   or organization)                                          Identification No.)

          1615 WALNUT STREET, 3RD FLOOR
          PHILADELPHIA, PENNSYLVANIA                               19103
      (Address of principal executive offices)                  (Zip Code)

        REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: 215-496-8102

SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:  NONE
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT:

                         COMMON STOCK, $0.001 PAR VALUE
                                (Title of Class)



Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.
Yes   X     No      .
    ----       -----

As of November 2, 2007 there were 450,622,336 shares of the registrant's  Common
Stock outstanding.

Indicated by check mark whether the registrant is a shell company (as defined by
Rule 12b-2 of the Exchange Act). Yes     No  X
                                    ---    ----



<PAGE>


TRUE PRODUCT ID, INC. (FORMERLY ONTV, INC.)

(A DELAWARE CORPORATION)

PHILADELPHIA, PENNSYLVANIA



TABLE OF CONTENTS
--------------------------------------------------------------------------------


Consolidated Balance Sheets at September 30, 2007 (Unaudited) and
June 30, 2006                                                                F-2

Consolidated Statements of Operations for the Three Months Ended
September 30, 2007 and 2006 (Unaudited)                                      F-3

Consolidated Statements of Operations for the Nine Months Ended
March 31, 2007 and 2006 (Unaudited)                                          F-4

Notes to Consolidated Financial Statements                                   F-5












<PAGE>

<TABLE>

<CAPTION>


TRUE PRODUCT ID, INC. (FORMERLY ONTV, INC.)
(A DEVELOPMENT STAGE COMPANY)
(A DELAWARE CORPORATION)
PHILADELPHIA, PENNSYLVANIA

CONSOLIDATED BALANCE SHEETS
=======================================================================================================================
                                                                                (UNAUDITED)
                                                                                 September 30,            June 30,
                                                                                    2007                    2007
-----------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>                     <C>

ASSETS

CURRENT ASSETS
Cash and Cash Equivalents                                                     $          16,488       $        42,774
Accounts Receivable                                                                     111,293                31,806
Prepaid Expenses                                                                          1,000                 2,933
-----------------------------------------------------------------------------------------------------------------------

TOTAL CURRENT ASSETS                                                                    128,781                77,513

Fixed Assets - Net of Accumulated Depreciation                                          132,214               136,305
Interest Receivable - Related Party                                                      34,501                30,188
Investment in and Loans to Chinese Joint Venture                                      2,347,500                     -
Note Receivable - Related Party                                                         300,000               300,000
Intangible Assets - Net of Accumulated Amortization                                  17,601,103            17,601,191
Technology License - Net of Accumulated Amortization                                    506,593               521,566
-----------------------------------------------------------------------------------------------------------------------
TOTAL ASSETS                                                                        $18,703,192           $18,666,763
=======================================================================================================================
LIABILITIES AND STOCKHOLDERS' EQUITY

CURRENT LIABILITIES
Accounts Payable and Accrued Expenses                                          $      1,629,968     $       1,345,642
Line of Credit Related Party Loan                                                        52,451                     -
Current portion of capital lease                                                          8,148                 7,351
Note Payable                                                                            246,836               218,410
-----------------------------------------------------------------------------------------------------------------------

TOTAL CURRENT LIABILITIES                                                             1,937,403             1,572,403

OTHER LIABILITIES
Note Payable - SSTY                                                                   1,068,164             1,095,590
Long - term portion of capital lease                                                     34,022                35,989
Accrued Expenses - Related Party                                                        521,500               521,500
Due to Related Party                                                                    176,240               176,240
-----------------------------------------------------------------------------------------------------------------------
CONVERTIBLE DEBENTURE                                                                   500,000               500,000
-----------------------------------------------------------------------------------------------------------------------
TOTAL LIABILITIES                                                                     4,237,329             3,901,722
-----------------------------------------------------------------------------------------------------------------------
Minority Interest                                                                      (127,029)             (124,466)

STOCKHOLDERS' EQUITY
Common Stock:  $.001 Par; 1,000,000,000 Shares Authorized;
450,622,336 and 440,622,336 Shares Issued and Outstanding,
respectively;
Shares Outstanding, respectively                                                        450,622               440,622
Additional Paid-In Capital                                                           23,808,983            23,123,913
Accumulated Deficit                                                                  (9,651,938)           (8,663,876)
-----------------------------------------------------------------------------------------------------------------------
                                                                                     14,607,667            14,900,659
Less: Stock Held in Trust                                                                 1,500                 1,500
Accumulated other comprehensive loss                                                    (13,272)               (9,652)
=======================================================================================================================
Total Stockholders' Equity                                                           14,592,892            14,889,507

=======================================================================================================================

TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                                    $     18,6703,192        $   18,666,763

</TABLE>


                                      F-2
<PAGE>

<TABLE>

<CAPTION>


TRUE PRODUCT ID, INC. (FORMERLY ONTV, INC.)
(A DEVELOPMENT STAGE COMPANY)
(A DELAWARE CORPORATION)
PHILADELPHIA, PENNSYLVANIA

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
===================================================================================================================================

                                                                                        Cumulative
                                                    Quarter Ended                          Since
                                                    September 30                      Reorganization
                                                                                     (October 1, 2005
                                                                                      to September 30,
                                                           2007            2006            2007)
----------------------------------------------------------------------------------------------------
<S>                                                 <C>            <C>            <C>

REVENUES, NET OF RETURNS                              $          -   $           -   $            -
----------------------------------------------------------------------------------------------------

EXPENSES
Amortization and Depreciation                               22,991          14,973           105,353
Technology License Fee                                           -         225,000           637,500
Officer and Director Compensation                          767,500         200,000         6,823,081
Other                                                      256,279         121,576           728,066
----------------------------------------------------------------------------------------------------
TOTAL EXPENSES                                           1,046,770         561,549         8,294,000
----------------------------------------------------------------------------------------------------
LOSS BEFORE OTHER INCOME AND
 PROVISION FOR INCOME TAXES                             (1,046,770)       (561,549)       (8,294,000)

OTHER INCOME / (EXPENSE)
Loss on Equity Investment                                        -               -           (65,513)
Interest Expense                                           (11,548)              -           (30,745)
Interest Income - Related Party                              4,313           4,313            34,501
Interest Income                                                  -               -                 -
----------------------------------------------------------------------------------------------------
LOSS BEFORE PROVISION FOR INCOME TAXES,
Minority Interest and Discontinued Operations           (1,054,005)        (557,236)      (8,355,560)

Provision for Income Taxes                                       -               -                 -
----------------------------------------------------------------------------------------------------

LOSS FROM OPERATIONS                                    (1,054,005)        (557,236)       (8,355,560)
----------------------------------------------------------------------------------------------------
Minority Interest                                           65,943               -             93,222
----------------------------------------------------------------------------------------------------
DISCONTINUED OPERATIONS
Loss from Operations of Disposed Subsidiaries, Net               -               -           (10,245)
of Taxes
Loss from Disposal of Subsidiaries, Net of Taxes                 -               -          (523,983)
----------------------------------------------------------------------------------------------------
LOSS FROM DISCONTINUED OPERATIONS                                -               -          (534,228)
----------------------------------------------------------------------------------------------------
NET LOSS FOR THE PERIOD                              $     (998,062) $    (557,236)  $    (8,796,566)
====================================================================================================
Other Comprehensive Loss:
Foreign curency Translation Adjustment                       (3,623)             -           (13,275)
====================================================================================================
Total Comprehensive Income                           $   (1,001,685) $    (557,236)  $    (8,809,841)
====================================================================================================
====================================================================================================
EARNINGS PER SHARE
====================================================================================================
Weighted Average Number of Common                       445,513,640    258,439,165       450,622,336
Shares Outstanding - Basic and Diluted

Earnings Per Common Share
- Basic and Diluted
  Loss from Operations                               $      (0.00)   $      (0.00)   $         0.02)
  Income (Loss) from                                        (0.00)          (0.00)            (0.00)
Discontinued Operations
----------------------------------------------------------------------------------------------------
Net Income (Loss)                                    $      (0.00)   $      (0.00)   $        (0.02)
====================================================================================================

</TABLE>


                                      F-3
<PAGE>

<TABLE>

<CAPTION>


TRUE PRODUCT ID, INC. (FORMERLY ONTV, INC.)
(A DEVELOPMENT STAGE COMPANY)
(A DELAWARE CORPORATION)
PHILADELPHIA, PENNSYLVANIA

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
=========================================================================================================
                                                                                             Cumulative
                                                                                               Since
                                                                                           Reorganization
                                                                                            (October 1,
                                                                                               2005
                                                                                            To September
Nine Months Ended March 31,                                          2007            2006     30,2007)
---------------------------------------------------------------------------------------------------------
<S>                                                                             <C>         <C>

CASH FLOWS FROM OPERATING ACTIVITIES

NET LOSS FOR THE PERIOD                                        $  (988,062)   $  (557,236)   $(8,796,566)

ADJUSTMENTS TO RECONCILE NET LOSS FOR THE PERIOD TO NET CASH
FLOWS FROM OPERATING ACTIVITIES:

Depreciation and amortization                                       22,991         14,973        105,353
Stock based compensation                                           600,000              -      5,602,248
Issuance of common stock for consulting fees                             -         62,500         62,500
Loss from Equity Investment                                              -              -         65,513
Loss on Disposal of Subsidiaries                                         -              -        523,983
Loss from Operations of Disposed Subsidiaries                            -              -         10,245
Foreign Currency Transaction                                        (3,623)             -        (13,275)
Minority Interest                                                  (65,943)             -        (93,222)

CHANGES IN ASSETS AND LIABILITIES:
Accounts Receivable                                                (79,487)             -        (79,887)
Prepaid Expenses                                                     1,933              -            686
Interest Receivable - Related Party                                 (4,313)        (4,313)       (34,501)
Accounts Payable and Accrued Expenses                              284,326        484,076      1,890,490
Accrued Expenses - Related Party                                      --           48,500         87,500
=========================================================================================================
NET CASH FLOWS FROM OPERATING ACTIVITIES                          (232,178)             -       (668,933)
=========================================================================================================
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from Sale of Convertible Debentures                             -              -        500,000
Proceeds from Equity Financing by Chinese Venture                  158,450              -        204,464
Proceeds from Line of Credit                                        52,451              -         52,451
Repayment of Debt                                                   (1,170)             -       (102,886)
=========================================================================================================
NET CASH FLOWS FROM INVESTING ACTIVITIES                           209,731              -        654,029
=========================================================================================================
=========================================================================================================
CASH FLOWS FROM INVESTING ACTIVITIES
Cash and Cash Equivalents in Acquired Equity                             -              -         43,422
Purchase of Fixed Assets                                            (3,839)             -        (12,030)
Cash and Cash Equivalents in Disposed
Subsidiaries                                                          --                -        (50,823)
=========================================================================================================
NET CASH FLOWS FROM INVESTING ACTIVITIES                            (3,839)             -        (19,431)
=========================================================================================================
NET CHANGE IN CASH AND CASH EQUIVALENTS                            (26,286)             -        (34,335)

Cash and Cash Equivalents - Beginning Year                          42,774              -         50,823
=========================================================================================================
CASH AND CASH EQUIVALENTS - END OF PERIOD                      $    16,488       $      -      $  16,488
---------------------------------------------------------------------------------------------------------
SUPPLEMENTAL DISCLOSURES
=========================================================================================================

Interest Paid                                                  $       789       $      -      $       -
=========================================================================================================
=========================================================================================================
</TABLE>


                                      F-4
<PAGE>

<TABLE>

<CAPTION>



TRUE PRODUCT ID, INC. (FORMERLY ONTV, INC.)
(A DEVELOPMENT STAGE COMPANY)
(A DELAWARE CORPORATION)
PHILADELPHIA, PENNSYLVANIA


CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED
=========================================================================================================================
                                                                                                          Cumulative
                                                                                                     Since Reorganization
                                                                                                       (October 1, 2005
Three Months Ended September 30,                                            2007            2006     To September 30, 2007
-------------------------------------------------------------------------------------------------------------------------
<S>                                                                             <C>  <C>                <C>

NON-CASH INVESTING AND FINANCING ACTIVITIES
=========================================================================================================================

ISSUANCE OF COMMON STOCK AS PART OF CONSULTING AGREEMENT            $    62,500      $        -         $       62,500

ISSUANCE OF COMMON STOCK AND NOTES PAYABLE AND ELIMINATION          $         -      $        -         $   17,597,500
OF ACCRUED ROYALTY AS PART OF ACQUISITION OF 60% INTEREST IN
CHINESE JOINT VENTURE

ISSUANCE OF COMMON STOCK TO EXECUTIVE OFFICERS AS PART              $         -      $        -         $    4,892,248
OF SERVICES AND EMPLOYMENT AGREEMENTS

ISSUANCE OF COMMON STOCK TO DIRECTOR FOR                            $   600,000      $        -         $      710,000
COMPENSATION FOR HIS SERVICES

SALE OF SUBSIDIARY VIA THE ISSUANCE OF NOTE RECEIVABLE              $         -      $        -         $      300,000

ISSUANCE OF COMMON AND PREFERRED STOCK FOR ACQUISITION OF           $         -      $        -         $      598,927
TECHNOLOGY LICENSE

ASSETS AND LIABILITIES TRANSFERRED TO RELATED PARTY
  IN CONNECTION WITH SALE OF SUBSIDIARIES:
  Cash and Cash Equivalents                                         $  -             $        -         $       50,823
  Inventory                                                         $  -             $        -         $      296,544
  Property and Equipment                                            $  -             $        -         $       54,189
  Accounts Receivable - Related Party                               $  -             $        -         $       37,850
  Deposits                                                          $  -             $        -         $        6,667
  Due from Officer                                                  $  -             $        -         $       82,193
  Intangible Assets                                                 $  -             $        -         $      260,542
  Investments in Affiliates                                         $  -             $        -         $      107,561
  Accounts Payable and Accrued Expenses                             $  -             $        -         $    (210,769)
  Debt                                                              $  -             $        -         $      (6,321)
  Due to Related Party                                              $  -             $        -         $      137,240
  Treasury Stock                                                    $  -             $        -         $       17,709
=========================================================================================================================

</TABLE>


                                      F-5
<PAGE>




TRUE PRODUCT ID, INC.

(A DELAWARE CORPORATION)

PHILADELPHIA, PENNSYLVANIA

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE A - BASIS OF PRESENTATION

 The condensed consolidated financial statements of True Product ID, Inc. ("TPID
US") & Subsidiaries  (the  "Company")  included herein have been prepared by the
Company  pursuant  to the  rules  and  regulations  of the U.S.  Securities  and
Exchange Commission (the "SEC"). Subsequent to TPID US' May 11, 2007 acquisition
of an additional 20% ownership interest in True Product ID Technology  (Beijing)
Limited (the  "Chinese JV Company")  raising its  ownership  interest to 60% and
giving TPID US control of the Chinese JV Company, the accounts of the Chinese JV
Company  are  fully   consolidated  with  the  accompanying   minority  interest
reflected.  Prior to May 11,  2007 but  subsequent  to TPID US'  January 5, 2007
acquisition  of its initial  40%  ownership  of the Chinese JV Company,  TPID US
accounted for its investment under the equity method of accounting  whereby TPID
US recognized  its  proportional  share of the Chinese JV Company's net income /
loss  on  the  Statement  of  Operations  under  the  caption  "Loss  on  Equity
Investment".  All material  inter-company  transactions  have been eliminated in
consolidation.

In preparing its consolidated  financial  statements,  the Company included only
expenses and other financial  information of the consolidated Chinese JV Company
from May 2007.  It was May 2007 when TPID US  acquired  majority  ownership  and
control of the Chinese JV Company.  TPID US did not  include  the  expenses  and
other financial information of the consolidated Chinese JV Company for the whole
entire fiscal year.  This method of  presentation  is consistent with Accounting
Research Bulletin (ARB) 51, including paragraph 11 thereof.

Certain  information  and footnote  disclosures  normally  included in financial
statements prepared in conjunction with generally accepted accounting principles
have been condensed or omitted pursuant to such rules and regulations,  although
the Company  believes that the  disclosures are adequate to make the information
presented not misleading.  These  condensed  consolidated  financial  statements
should be read in  conjunction  with the annual audited  consolidated  financial
statements  and the notes thereto  included in the Company's  Form 10-KSB Annual
Report and other reports filed with the SEC.

The accompanying unaudited interim consolidated financial statements reflect all
adjustments  of a normal  and  recurring  nature  which are,  in the  opinion of
management,  necessary  to present  fairly the  financial  position,  results of
operations and cash flows of the Company for the interim periods presented.  The
results of  operations or these periods are not  necessarily  comparable  to, or
indicative  of, results of any other interim period or for the fiscal year taken
as a whole.

RECENT ACCOUNTING PRONOUNCEMENTS

In July 2006, the Financial  Accounting  Standards  Board  ("FASB")  issued FASB
Interpretation No. 48 ("FIN 48"), "Accounting for Uncertainty in Income Taxes-an
Interpretation  of FASB  Statement No. 109," which  clarifies the accounting for
uncertainty  in income  taxes.  FIN 48  prescribes a  recognition  threshold and
measurement criteria for the financial statement  recognition and measurement of
a tax  position  taken or  expected  to be taken  in a tax  return.  FIN 48 also
provides  guidance on  de-recognition,  classification,  interest and penalties,
accounting in interim periods,  disclosure and transition. The provisions of FIN
48 are effective as of the beginning of the Company's 2008 fiscal year, with the
cumulative  effect  of  the  change  in  accounting  principle  recorded  as  an
adjustment to opening retained earnings. The adoption of FIN 48 did not have any
effect  on the  Company's  results  of  operations,  cash  flows,  or  financial
condition.

In September 2006, FASB issued Statement of Financial  Accounting  Standards No.
157 ("SFAS No.  157"),  "Fair Value  Measurements."  SFAS No. 157  defines  fair
value,  establishes a framework for measuring  fair value and requires  enhanced
disclosures about fair value  measurements.  SFAS No. 157 requires  companies to
disclose the fair value of its financial  instruments  according to a fair value
hierarchy.  Additionally,  companies are required to provide certain disclosures
regarding  instruments  within the hierarchy,  including a reconciliation of the
beginning and ending balances for each major category of assets and liabilities.
SFAS 157 is effective for the Company's  fiscal year beginning July 1, 2007. The
adoption of SFAS No. 157 did not have a material effect on the Company's results
of operations, cash flows, or financial condition.

On February 15,  2007,  the FASB issued FASB  Statement  No. 159, The Fair Value
Option for Financial  Assets and Financial  Liabilities - Including an Amendment


<PAGE>

of FASB Statement No. 115. This standard  permits an entity to choose to measure
many financial  instruments  and certain other items at fair value.  Most of the
provisions  in  Statement  159 are  elective;  however,  the  amendment  to FASB
Statement  No.  115,  Accounting  for  Certain  Investments  in Debt and  Equity
Securities,   applies  to  all  entities  with  available-for-sale  and  trading
securities.  The FASB's stated objective in issuing this standard is as follows:
"to improve  financial  reporting by providing  entities with the opportunity to
mitigate  volatility in reported earnings caused by measuring related assets and
liabilities  differently  without  having  to  apply  complex  hedge  accounting
provisions."  The fair value option  established  by  Statement  159 permits all
entities to choose to measure eligible items at fair value at specified election
dates. A business  entity will report  unrealized  gains and losses on items for
which the fair value option has been elected in earnings (or another performance
indicator if the business  entity does not report  earnings) at each  subsequent
reporting  date.  The  fair  value  option:  (a) may be  applied  instrument  by
instrument,  with a few exceptions,  such as investments otherwise accounted for
by the equity method;  (b) is  irrevocable  (unless a new election date occurs);
and  (c)  is  applied  only  to  entire  instruments  and  not  to  portions  of
instruments.  Statement  159 is effective as of the  beginning of the  Company's
fiscal 2008 (July 1, 2007).  The adoption of FASB  Statement  159 did not have a
material effect on the Company's results of operations, cash flows, or financial
condition.

NOTE B - DISCONTINUED OPERATIONS

In September 2005, the stockholders of the Company approved the sale of the Seen
OnTV, Inc.  subsidiary,  along with all of the Company's assets  associated with
the operations of Seen OnTV, Inc., which included all of the other  wholly-owned
subsidiaries,  to the Company's former  president,  Daniel M. Fasano. In return,
Mr.  Fasano has agreed to pay the Company  $300,000,  through a Note  Receivable
bearing  interest at 5.75%  annually,  and assume  responsibility  of all of the
Company's   liabilities,   including   all  potential   outstanding   litigation
liabilities,  except for any amounts  owed to Mr.  Fasano for accrued and unpaid
compensation and amounts owed to Seen OnTV, Inc. by ONTV, Inc. In addition,  25%
of the net,  after-tax income from the operations of Seen OnTV, Inc will be paid
to ONTV, Inc. until the purchase price, plus accrued interest,  is paid in full.
As a result of this sale,  ONTV, Inc. had no subsidiaries or revenue  generating
operations.

NOTE C - CHANGE IN CONTROL

On March 16, 2006, the Company  acquired a Technology  License  ("License") from
Sure Trace Security  Corporation ("STC") for an initial term of five years, with
an  automatic  renewal  for an  additional  five years.  The License  grants the
Company  the  worldwide  rights to  manufacture  and sell  products  using STC's
"anti-counterfeiting  technology".  In exchange  for this  License,  the Company
issued  52,349,249  shares of common stock and 16,000 shares of preferred stock,
valued  in total at  $598,927.  The  License  will be  amortized  as a charge to
operations on a straight-line method over the ten-year term of the License.

Estimated  annual  amortization  expense for the five years succeeding March 31,
2007 is as follows:

              2007           2008             2009           2010          2011
      -------------------------------------------------------------------------
           $59,893        $59,893          $59,893        $59,893       $59,893
      =========================================================================

On March  21,  2006,  Daniel M.  Fasano,  the  Company's  former  president  and
director, sold 20,000 shares of the Series A Preferred Stock owned and under his
control, to STC, a related party.

As a result of the above transactions, there has been a change in control of the
Company,  as STC owned and/or  controlled 78.8% of the outstanding  common stock
voting rights of the Company as of March 21, 2006.

An additional  154,919,125 shares were issued for the purchase of the technology
license.

The outstanding preferred shares were cancelled.

In May 2006 the  stockholders  of STC were issued a stock dividend of 1 share of
True Product ID, Inc. (TPDI)  (formerly  ONTV,  Inc.) for every 19 shares of STC
that each STC stockholder  owned. The Payable Date for these dividend shares was
May 30, 2006. The Payable Date was the date the Company's  transfer agent issued
and mailed the stock dividend certificates to STC shareholders as of the May 25,
2006 Record Date.

NOTE D - EMPLOYMENT, CONSULTING AND SERVICE AGREEMENTS

Starting  March 2006 James MacKay  ("MacKay")  agreed to serve as the  Company's
Chairman  of the  Board  of  Directors  for a  three-year  term  with an  annual


<PAGE>

compensation  of $300,000.  As reported in the  Company's  Form  10-KSB/A  filed
November  13,  2006,  the Company and MacKay  entered  into a formal  consulting
agreement,  memorializing  their  arrangement  on November  11,  2006. A copy of
MacKay's November 11, 2006 Consulting  Agreement with the Company is attached as
an exhibit to the Company's  November 13, 2006 Form  10-KSB/A.  At September 30,
2007 Mr. MacKay is owed $462,500  representing  all  compensation  earned by him
since he joined the Company.  On November 13, 2006 Mr. MacKay vested  39,559,961
shares of the  Company's  common  stock as part of the  aforementioned  Services
Agreement.  The common shares of the Company's  stock closed trading on November
13, 2006 at $0.07 per share  resulting in a valuation of  $2,769,197,  which was
expensed in the quarter  ending  December 31, 2006. Mr.  MacKay's  common shares
vested to him prior to the vesting of common shares to Mr. Bendis.

On March 12, 2007 James MacKay resigned as the interim Chairman of the Board and
a director  of the  Company.  The  Company's  then Chief  Executive  Officer and
President,  Richard A. Bendis, replaced Mr. MacKay as the Chairman of the Board.
Mr.  MacKay  continued  to  support  the  Company's  initiatives  in  China  and
elsewhere.

In March 2006 the Company  entered into an Executive  Employment  Agreement with
Richard A. Bendis ("Bendis"), where Bendis will serve as the Company's President
and Chief Executive  Officer for a three-year term, with annual  compensation of
$500,000.  At  September  30,  2007 Mr.  Bendis  is owed  $708,333  and  $30,000
respectively,  representing all compensation earned by him during his employment
with the Company and under his consulting  agreement with the Company subsequent
to his resignation from the Company respectively.  The aforementioned consulting
agreement  with Mr. Bendis was entered into on August 9, 2007 upon his voluntary
resignation  as the  Company's  Chairman,  CEO, and  President.  The term of the
consulting  agreement is 1 year unless  terminated  pursuant to the terms of the
agreement.  The  annual  compensation  is  $240,000.  The  consulting  agreement
contains  standard  anti-competition  and  confidentiality  provisions and other
restrictive  covenants.  Additionally,  accrued  liabilities include $64,911 for
Bendis, representing unreimbursed expenditures primarily for travel. On November
13, 2006 Mr. Bendis vested  30,329,303  shares of the Company's  common stock as
part of the aforementioned  Executive Employment Agreement. The common shares of
the  Company's  stock  closed  trading on  November  13, 2006 at $0.07 per share
resulting in a valuation of $2,123,051, which was expensed in the quarter ending
December 31, 2006.

On August 16, 2007 the Company  entered into an agreement  with Li Ning, the CEO
of the Chinese JV Company, to issue Li Ning ten million (10,000,000)  restricted
common  shares in return for his serving as a member of the  Company's  Board of
Directors and otherwise supporting the Company with regard to its initiatives in
China.  The common  shares of the Company's  stock closed  trading on August 16,
2007 at $0.06 per share resulting in a valuation of $600,000, which was expensed
in the first fiscal  quarter  (September 30, 2007) of Fiscal 2008. A copy of the
agreement with Li Ning is attached to the Form 8-K (dated August 17, 2007) as an
exhibit.

On August  17,  2007 the  Company  announced  that to help best  facilitate  the
development  of the  Chinese  markets,  (1) Bendis  voluntarily  resigned as the
Company's  chairman,  CEO, and president  and as a director of the Company;  (2)
MacKay  rejoined  the  Company as its  chairman;  (3) Sergio  Luz,  who was also
involved in  facilitating  the  development of the Chinese  markets,  joined the
Company as the Company's  president;  and (4) Li Ning, the CEO of the Chinese JV
Company, joined the Company's Board.

On August 17, 2007 the Company's Board also approved that both Bendis and MacKay
shall have the right, but not the obligation,  to convert any monies (including,
but not limited to, wages,  consulting  fees, and expenses) they are owed by the
Company under their executive  employment and consulting  agreements into common
shares of the Company at a share price equal to the share price of the Company's
common stock at the close of the market on the date the Company  first  receives
funds  under the new MacKay  Group  Limited  line of credit.  On August 2, 2007,
US$12,500,  plus a US$35 wire fee, was  advanced by MacKay Group  Limited to the
Company.  The common shares of the Company's  stock closed  trading on August 2,
2007 at $0.05 per share.  The Board also authorizes the Company to amend Bendis'
and MacKay's executive employment and consulting agreements accordingly.

On November 7, 2007 the  Company's  Board  appointed  William R. Dunavant as the
Company's  CEO.  James  MacKay also  voluntarily  relinquished  his  position as
Chairman of the Board to Mr.  Dunavant who was appointed the new Chairman of the
Board.  See the  Company's  Form 8-K  filed  November  7,  2007,  to  which  Mr.
Dunavant's  employment  agreement was attached.  Under his employment  agreement
with the Company,  Mr.  Dunavant is to receive,  among other  things,  an annual
salary  of  $240,000  and  two  million  (2,000,000)  restricted  shares  of the
Company's common stock..  Effective  November 8, 2007, Michael J. Antonoplos was
appointed as the  Company's  Secretary,  as reported in the  Company's  Form 8-K
filed November 8, 2007.



<PAGE>

NOTE E - EQUITY MATTERS

On May 4, 2006 the Company amended the articles of  incorporation  to change the
name of the Corporation to True Product ID, Inc. (formerly ONTV, Inc.).

On May 4, 2006 the  Company  also  amended  the  articles  of  incorporation  to
increase   the   authorized   shares  of  common  stock  from   100,000,000   to
1,000,000,000,  of  which  800,000,000  shares  are  designated  as  Class A and
200,000,000 shares are designated as Class B.

On May 8,  2006  the  Company  declared  a 2 for 1  forward  stock  split of the
Company's common stock, to be effective on May 23, 2006.

As more fully set forth in the  Company's  Form 10-KSB  filed  November 3, 2005,
including Note F, a certain number of shares are being held in trust as a result
of  a  loan  agreement  the  Company's  predecessor,  ONTV,  Inc.,  under  prior
management,  entered in June 2000, ONTV, Inc. entered into a loan agreement with
Emanuel Tarboti,  an unrelated  party, in the amount of $250,000.  This note was
for working capital and was secured by a promissory note and 1,500,000 shares of
common  stock.  These  shares  are  issued  and are  being  held in trust by the
Company.  A copy of the  Company's  November 3, 2005 Form 10-KSB is available at
the      SEC's      website      at:      http://www.sec.gov/Archives/edgar/data
/1011550/000100487805000160/ june05form10k11-05.txt.

On November 7, 2007 the Company  filed a Form 8-K  reporting  that its Board had
voted to effect a 30:1  reverse  split of the  Company's  common  stock and then
passed a resolution to effectuate  the reverse split  immediately  in accordance
with all applicable rules and regulations  pertaining thereto. See the Company's
Form 8-K filed November 7, 2007.

NOTE F - RESTRUCTURING AGREEMENT


The  Company  acquired a 60%  ownership  interest in the Chinese JV Company as a
result of two separate transactions.  The first transaction was the January 2007
acquisition  of  40%  of  the  Chinese  JV  Company  from  Sure  Trace  Security
Corporation  and  affiliates,  which  is  described  in this  Note.  The  second
transaction was the May 2007  acquisition of an additional 20% of the Chinese JV
Company from Sichuan Valencia Trading Limited, which is described in Note H.


On January 4, 2007 the Company entered into a Restructuring  Agreement with Sure
Trace  Security  Corporation  ("SSTY"),  Sure Trace Asia  Limited  ("STA"),  and
William Chan ("Chan") (the "Restructuring  Agreement");  and (2) an Amendment to
the March 21, 2006 SSTY-Fasano Agreement entered into on January 4, 2007 between
the Company, SSTY, and Fasano, (the "Amended Payment Agreement"). These material
events were  reported in the  Company's  Form 8-K filed on January 10, 2007,  to
which a copy of the  Restructuring  Agreement and Amended Payment Agreement were
attached as exhibits.


Pursuant to the  Restructuring  Agreement,  the Company acquired a 40% ownership
interest in the Chinese JV Company,  held by SSTY,  STA, and Chan. The remaining
60%  ownership  interest in the  Chinese JV Company  was then held by  unrelated
Chinese entities.

Under the Restructuring Agreement:

(a) SSTY agreed:

(i) To terminate in its entirety the March 16, 2006 licensing  agreement between
SSTY and the Company (then known as ONTV,  Inc.),  wherein SSTY licensed to TPID
certain  contractual rights of SSTY in exchange for, inter alia, a royalty,  and
certain  payments to SSTY and others and  repayment,  so that the Company has no
liability (past,  present, and future) thereunder (accrued royalties of $637,500
were therefore eliminated as part of the accounting for this transaction); and

(ii) To strike and negate in its entirety  Article I and Article V, Section 5.02
(the "Stricken  Provisions")  of the March 17, 2006 Agreement to Issue Stock for
Technology  License  between  SSTY and the Company  (then  known as ONTV,  Inc.)
("March  17  Agreement"),so  that as of  January 4,  2007,  the  Company  has no
obligation  (past,  present,  and future) under the March 17, 2006  Agreement to
issue  shares of the  Company to SSTY in addition to the shares SSTY had already
received and had distributed to its shareholders as a dividend.

 (b) The Company agreed:

(i) To pay SSTY a royalty  in the amount of 2% of its gross  receipts  which the
Company actually  receives and collects from customers outside China, Hong Kong,


<PAGE>


and Macau for a period of 2 years  commencing as of January 4, 2007. As the were
no gross  receipts  through  March 31,  2007,  no royalty was  recorded for this
period;

(ii) To pay SSTY all  reasonable,  direct  out-of-pocket  expenses SSTY incurred
and/or  paid  on the  Company's  behalf  after  the  Registrant  ceased  being a
subsidiary of SSTY,  provided that such post-spinout  expenses are substantiated
by original invoices and other proper documentation;

(iii) To assume,  pursuant to the Amended  Payment  Agreement,  all  outstanding
payments owed by SSTY to the former control block holder of ONTV, Inc. (Fasano),
which relates to the  acquisition  of ONTV. As of August 2006,  SSTY owed Fasano
$285,000, excluding certain interest and penalties, plus 6 million common shares
of the Company, which SSTY had previously agreed post-SSTY's acquisition of ONTV
but pre-spinout,  in return for, inter alia, Fasano agreeing to waive $85,000 of
the balance owed by SSTY and all interest  and  penalties on the $85,000.  Under
the Amended Payment Agreement, the Company has agreed [a] to pay Fasano $100,000
by January 31, 2007;  $185,000 by March 31, 2007;  and interest and penalties by
June 30,  2007 and [b] to assume  SSTY's  obligation  to issue  Fasano 6 million
common shares of the  Registrant  (valued at $1,320,000 on January 6, 2007,  the
issue date of the stock).  If the Company made timely payments under the Amended
Payment Agreement, the amount of such penalties and interest was $34,410; in the
event that the Company failed to make timely  payments under the Amended Payment
Agreement,  interest  accrues on the unpaid  portions at 25% simple interest per
annum. A note payable of $319,410 was recorded to reflect this assumed liability
and a $100,000 payment was made in January 2007 against this note payable.  TPID
is  currently  in default of the  payments due March 31, 2007 and June 30, 2007,
therefore,  interest  has been  accrued at 25% simple  interest per annum on the
unpaid  balance.  The Company  plans to make the required  payment from the next
round of financing received by TPID.

(iv) Pay SSTY, on an interest-free  basis,  within 3 years of the effective date
of the  Restructuring  Agreement  $1,130,000,  minus the amount of penalties and
interest TPID must pay the former control block holder under the Amended Payment
Agreement (the "Subject Payment").  TPID is also obligated to make the following
prepayments  towards the Subject Payment:  (a) $50,000 upon receipt of the first
$1 million of investment  raised by TPID after  January 4, 2007;  and (b) 25% of
any  investment  raised by TPID after the  initial $1  million  investment.  The
obligations  of SSTY to make the  Subject  Payment  are  secured  by a  security
interest in the Registrant's  ownership interest in Chinese JV Company until the
Subject  Payment is paid in full.  SSTY is  authorized  to file the  appropriate
UCC-1  financing   statements  to  perfect  such  a  security  interest  in  all
appropriate  jurisdictions.  A note  payable  of  $1,095,590  note  payable  was
recorded to reflect this  obligation.  The recorded amount is net of the $34,410
of  penalties  and  interest  reflected  in the note  payable  discussed  in the
previous paragraph.

Under the  Restructuring  Agreement,  SSTY and the Company  further  agreed,  to
non-competition  provisions  in which (1) SSTY in general  agreed not to compete
with the Registrant in the  anti-counterfeiting  and/or  product  authentication
business;  and (2) the Company agreed in general not to compete with SSTY in the
geo-tracking-related business or any business related to All-in-One-Key.

The Effective Date of the Restructuring Agreement is the earlier of (a) February
18,  2007,  (b)  upon  the  conclusion  of  aspects,  if  any,  of  the  ongoing
investigation by the Securities and Exchange  Commission  relating to SSTY which
may affect the transactions contemplated in the Restructuring Agreement. The SEC
commenced a formal  investigation of SSTY in August 2005, which remained ongoing
during the period when SSTY acquired and owned the  controlling  interest in the
Registrant  and delivered the shares it held in the  Registrant as a dividend to
SSTY stockholders.  As part of the  investigation,  the SEC Staff has questioned
whether the delivery of the shares to SSTY  shareholders  required  registration
with the SEC. The Effective Date of the Restructuring Agreement was subsequently
determined to be February 18, 2007.

The total value of the  transaction is $2,097,500 and is recorded on the balance
sheet as investment  in the Chinese JV Company.  During the four months that the
Company  owned a 40%  ownership  interest  in the Chinese  Venture,  the Company
recognized  an equity loss of $65,513,  which was 40% of the loss  recognized by
the Chinese Venture during that period.

NOTE G - BRIDGE FINANCING

On January  17,  2007 the  Company  closed an initial  bridge  financing  with a
private  investor for $500,000;  a portion of these  proceeds will go to fulfill
existing orders in China; and the Company has sent a representative  from the US
to Beijing  to work with its  Chinese  joint  venture  partner to fulfill  these
orders.

The financing took the form of a convertible  note with an 8% interest rate, and
is referenced in the above balance sheet as a "Convertible  Debenture".  For the
sake of clarity, the reference to Convertible Debenture in the Company's balance
sheets  means  the  bridge  financing  described  in  this  Note.  Additionally,
investors  will  receive  warrants to purchase  additional  shares of  Company's


<PAGE>

<TABLE>


common  stock at a price  per share  equal to the price per share of the  shares
issued in the First Equity  Financing,  with 20% warrant  coverage if the bridge
converts within 4 months;  35% warrant  coverage if the bridge converts within 8
months;  and 50% warrant  coverage if the bridge  converts  after 8 months.  The
"First Equity Financing" is defined as the first financing following the date of
Closing in which the Company sells  preferred  stock or other equity  securities
and obtains net proceeds  (including debt conversion) in an amount not less than
$2 million  (including  the  conversion of the Debt).  The warrants shall have a
seven-year exercise period.

The Debt  (including  accrued  interest)  shall  automatically  convert into the
Company's  preferred  stock issued in  connection  with the closing of the First
Equity  Financing  at 100% of the price per share paid to the  Company  for such
securities.

If the Debt does not convert in connection  with a First Equity  Financing on or
before  the  Maturity  Date,  the Debt  shall be  converted  into  shares of the
Company's  common stock at a price equal to the average  closing price per share
for the 30day period preceding the Maturity Date.

The  maturity  date is the  earliest  to occur of (i) the date of closing of the
First  Equity  Financing,   (ii)  the  date  of  the  closing  of  a  merger  or
reorganization of the Company with or into any other entity, or a sale of all or
substantially all of the assets of the corporation,  or any other transaction or
series of related transactions in which the Company's  stockholders  immediately
prior to such transaction(s) own immediately after such transaction(s) less than
fifty percent (50%) of the equity securities of the surviving corporation or its
parent or (iii) any time after the second anniversary of the date of Closing.

NOTE H - ACQUISITION OF ADDITIONAL 20% OF CHINESE VENTURE

On May  11,  2007  the  Company  entered  into  an  acquisition  agreement  (the
"Acquisition  Agreement")  with Sichuan  Valencia  Trading Limited  ("SVTL"),  a
Chinese  limited  liability  company.  As set  forth  in  Note L,  prior  to the
Acquisition  Agreement with SVTL, the Company had acquired 40% of the Chinese JV
Company from other entities.

Immediately prior to the execution of the Acquisition Agreement,  SVTL owned 20%
of the total interests, rights, assets, shares, and/or other ownership interests
of the  Chinese JV  Company  (the "SVTL 20%  Chinese  JV  Interest").  Under the
Acquisition Agreement, SVTL sold to the Company the SVTL 20% Chinese JV Interest
in return for 100 million  restricted  common  shares of the Company,  valued at
$15,500,000.  As set forth in more detail in the Acquisition Agreement and prior
SEC filings,  the 100 million shares was less than 50% of the  approximately 209
million shares provided as a dividend to shareholders of TPID US' former parent,
SSTY, which resulted in TPID US' being a separate independent entity entitled to
receive  approximately 42.5% of the revenues of the Chinese JV Company. With its
January 2007 acquisition of 40% of the Chinese JV Company and the acquisition of
the SVTL  20%  Chinese  JV  Interest,  the  Company  now  owns 60% of the  total
ownership  interests  of the Chinese JV Company,  allowing the Company to, among
other  things,  recognize  100% of the  revenues  of the  Chinese  JV Company in
accordance with applicable consolidation,  revenue recognition,  accounting, and
other principles, guidelines and standards.

Under the Acquisition Agreement, SVTL representative,  Sergio Luz, was appointed
to the Company's Board, and SVTL agreed to, inter alia, standard non-competition
and confidentiality provisions.

The  operations  of the  Chinese  JV  Company  were  included  in the  Company's
operations  subsequent to May 1, 2007.  During the three months ended  September
30,  2007 there were no revenues  recognized  relative to the Chinese JV Company
and $164,858 of expense was  recognized  with a  compensating  $65,943  minority
interest  recognized  for the 40% portion of the Chinese JV Company not owned by
the Company.

The composition of the purchase price and the related allocation is as follows:

PURCHASE OF INITIAL 40% INTEREST IN CHINESE JV COMPANY:

<S>                                                                             <C>
Common Stock of the Company issued for the initial 40% ownership interest
(6,000,000 shares at $0.22 per share)                                           $  1,320,000

Note payable - Fasano                                                                319,410

Note payable - SSTY                                                                1,095,590

Less Royalty payment forgiven                                                       (637,500)
                                                                                ------------

Net Consideration                                                                 $2,097,500


<PAGE>


PURCHASE OF ADDITIONAL 20% INTEREST IN CHINESE JV COMPANY:

Common Stock of the Company issued for the additional 20% ownership
interest (100,000,000 shares at $0.155 per share)                               $ 15,500,000
                                                                                ------------

Total Consideration                                                             $ 17,597,500
                                                                                ============
</TABLE>


An internal  valuation  was  performed  to allocate the  purchase  price,  which
determined  that all of the  purchase  price  should be  allocated  to  Customer
Contacts and Contracts  with an  amortization  period of five years.  During the
first  quarter  of fiscal  2008 no  amortization  expense  was  recorded  as the
contracts to which the excess purchase price was allocated have not commenced.

NOTE I - FOREIGN OPERATIONS:

Subsequent to the May 11, 2007 acquisition of the additional 20% interest in the
Chinese JV Company by the Company raising its ownership to 60% of the Chinese JV
Company,  the majority of the Company's operating activities have been in China.
The  functional  currency of the Chinese  Venture is the Yuan and the  financial
statements  of the  Chinese JV  Company  have been  converted  from Yuan to U.S.
Dollars at the exchange rate in effect.  There were no foreign currency gains or
losses  included in the September 30, 2007  Statement of  Operations.  A Foreign
Currency  Translation  Adjustment  of  $3,623  is  included  as a  component  of
Shareholders'  Equity at  September  30,  2007 to reflect the change in value of
assets and liabilities in the Chinese JV Company's balance sheet.

Accounts Receivable

There was  $31,806 US in accounts  receivable  in 2007,  virtually  all from the
Chinese JV Company.  These  arose in part from  customer  purchases  of taggant,
scanners and other equipment and materials  associated with trial and pilot runs
associated with the Company's securing Chinese  contracts.  The Company believes
that these accounts  receivable will be collected in China in due course,  given
the fairly  recent  nature of the  accounts  receivable  (at least  according to
Chinese  standards),  the  ongoing  nature of  certain  trial or pilot  runs and
relationship  with  Chinese  customers,   the  relationships  involving  Chinese
government entities,  and the significance of the Chinese JV Company's continued
efforts towards certain Chinese government-related initiatives.

At September  30, 2007,  the assets of the Chinese JV Company were  $217,164 and
the  liabilities of the Chinese JV Company were  $467,144.  For the three months
ended September 30, 2007, no revenues were recognized relative to the Chinese JV
Company and  $164,858  of expenses  was  recognized  resulting  in a net loss of
$164,858.  A  compensating  $65,943  minority  interest  recognized  for the 40%
portion of the Chinese JV Company not owned by the Company.

NOTE J - FINANCING / FUNDING

MacKay  Group  Limited  (MKG) agreed on August 15, 2007 to provide the Company a
line of  credit  in the  amount  of up to  US$150,000  in  accordance  with  the
following terms and conditions:

o    Repayment Term: one (1) year commencing from the receipt of each tranche of
     --------------
     Funds (the "Repayment Term");
o    Interest: 12% compound interest per annum;
     --------
o    Prepayment: no prepayment without MKG's approval
     ----------
o    Convertibility:
     --------------

At anytime  during the Repayment  Term,  MKG has the right to convert the entire
amount of  principal  and accrued  interest  or any  portions  thereof  into the
Company's  common  stock at a share price equal to the lesser of: (a) the 70% of
the share  price at the close of the market as of  receipt of funds;  or (b) the
terms extended by the Company to a funder making a total equity investment of at
least  US$2  million or in  connection  with a  merger/acquisition  or change in
control (the "Convert Rate"); o Warrants: The Company shall issue to MKG without
additional  consideration,  warrants  to  purchase  that number of shares of the
Company's  common  stock  equal  to  the  principal  amounts  advanced  by  MKG,
exercisable  at a share  exercise  price equal to the Convert Rate. The term for
the warrants shall be five (5) years;.

At September 30, 2007 $52,451 had been borrowed against the line of credit.

MKG also executed on August 15, 2007 a memorandum of understanding  ("MOU") with


<PAGE>

the Company, in which upon MKG's request, the Company will repay MKG for monies,
which MKG  advanced to or for the Company or the Chinese JV Company  between May
30, 2006 and August 1, 2007,  to help  support the Chinese JV Company  (the "MKG
Advanced China Funds").  To qualify for repayment,  the MKG Advanced China Funds
must be  properly  documented,  must have been used  solely  for the  Chinese JV
Company  and its  operations  related  to the field of  anti-counterfeiting  and
product authentication, and are subject to other requirements.

Under the MOU,  MKG and the  Company  shall work in good faith to agree upon the
repayment  terms and  conditions,  which shall be  memorialized  in a definitive
written  agreement(s).  The parties agree that the repayment  arrangement  shall
come in the form of a convertible note with appropriate  compound  interest with
warrants.  The terms and conditions shall be, at a minimum,  comparable to those
the Company has given to funders as of August 1, 2007.  In the event that MKG is
provided repayment terms by the Company, which are more advantageous than those,
extended to other funders as of August 1, the Company's  arrangement  with other
funders as of August 1, 2007 should be  modified  to provide  the other  funders
with the same terms and  conditions  given by the  Company to MKG. A copy of the
memorandum  of  understanding  between the  Company  and MKG was  attached as an
Exhibit to its August 17, 2007 Form 8-K filing.

According to financial records relating to the Chinese JV Company,  as of August
2007 MKG had  advanced  approximately  US$1  million  to or for the  Chinese  JV
Company and its  anti-counterfeiting/  product  authentication  operations,  and
consistent  with the  aforementioned  Binding Term Sheet  anticipates  advancing
additional  significant  funds to or for the Chinese JV Company.  Funds advanced
between  May 30,  2006 and August 1, 2007 is subject  to the  documentation  and
other requirements in the MOU.

NOTE K - SUBSEQUENT EVENTS

As reported in the Company's  Form 8-K on the same date,  effective  November 7,
2007 the Company's  Board  appointed  William R. Dunavant as the Company's Chief
Executive  Officer.  James MacKay also voluntarily  relinquished his position as
Chairman of the Board to Mr.  Dunavant who was appointed the new Chairman of the
Board.

As reported in the Company's  Form 8-K on the same date, on November 7, 2007 the
Company's  Board voted to effect a 30:1 reverse  split of the  Company's  common
stock. This action was then authorized and approved by the holders of a majority
of the  outstanding  common shares of the Company  authorized to vote. The Board
then  passed a  resolution  to  effectuate  the  reverse  split  immediately  in
accordance with all applicable  rules and regulations  pertaining  thereto.  The
corporate actions taken were authorized pursuant to shareholders written consent
in  accordance  with the  provisions  set forth in  Section  228 of the  General
Corporation  Law of the  State of  Delaware  and  Article  I,  Section  7 of the
Company's bylaws.

The Board also authorized the change in the  Corporation's  Principal  Executive
Offices  to 1615  Walnut  Street,  3rd  Floor,  Philadelphia,  PA  19103.  (215)
972-1601.

As reported in the Company's  Form 8-K on the same date, on November 7, 2007 the
Company's  Board has also voted to retain Rene  Hamouth  (Hamouth  Family  Trust
trustee) to consult and assist the  Company in market  matters.  The Company has
authorized  the  issuance  of three  million  (3,000,000)  common  shares to the
Hamouth  Family Trust as  consideration  for  consulting  the Company  regarding
market matters.

As reported in the Company's  Form 8-K on the same date,  effective  November 8,
2007,  the  Company's  Board  appointed  Michael J.  Antonoplos as the Company's
Secretary.

On November  9, 2007,  the Company  issued a press  release  stating the details
previously  reported in its Form 10-KSB  filed  October 2, 2007  relating to the
agreement  which the Chinese JV Company signed on August 27, 2007 with the State
General Administration for Quality Supervision, Inspection and Quarantine of the
People's  Republic  of China  ("AQSIQ")  to develop a  national  safety/security
system for China's  liquefied  natural gas and other  pressurized  canisters and
other  special  equipment.   A  copy  of  the  press  release  is  available  on
www.businesswire.com at:
http://home.businesswire.com/portal/site/home/index.jsp?epi-content=NEWS_VIEW_
POPUP_TYPE&newsId=20071109005865&ndmHsc=v2*A1192446000000*B1195069528000*Dgroup
ByDate*J2*L1*N1000837*Ztpid&newsLang=en&beanID=202776713&viewID=news_view_popup



<PAGE>

<TABLE>


ITEM 2. MANAGEMENT'S  DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS

The following discussion should be read in conjunction with, and is qualified in
its entirety by, our audited financial  statements and notes thereto,  and other
financial information included elsewhere in this Annual Report on Form 10-QSB.

Certain statements  contained in this  "Management's  Discussion and Analysis of
Financial  Condition and Results of Operations" and elsewhere in this report are
forward-looking   statements  that  involve  risks  and   uncertainties.   These
statements relate to future events or our future financial performance.  In some
cases,  forward-looking  statements  can be  identified by  terminology  such as
"may", "will", "should",  "expect",  "anticipate",  "intend", "plan", "believe",
"estimate",  "potential",  or  "continue",  the negative of these terms or other
comparable  terminology.   These  statements  involve  a  number  of  risks  and
uncertainties.   Actual  events  or  results  may  differ  materially  from  any
forward-looking  statement  as a result  of  various  factors,  including  those
described above under "Risk Factors".

The Company's Current Strategy and Priorities

The  Company's  current  priority  is to solidify  its  strategic  position  and
opportunities  in China.  Many of the goods in the  world  are  manufactured  in
China. That includes both Chinese manufacturers and multinational  corporations.
That includes goods  manufactured in China for both the domestic  Chinese market
and for export.  As such,  China and its government and industries  face many of
the more  significant  challenges  associated  with  counterfeiting  and product
safety,  which the Company seeks to address through its technology.  It is China
where the  Company  and its  Chinese  joint  venture  affiliate  have earned the
respect of government and industry.  As reported on the website sponsored by the
Association of Chinese Anti-Counterfeiting  Technology,  www.21cata.com.cn,  our
technology was recently recognized by representatives  from the Chinese Ministry
of Public Security.  As reported on TPID Beijing's website,  our technology also
received a favorable initial assessment from the Chinese Ministry of Science and
Technology.  It is  China  where  the  Company  and its  Chinese  joint  venture
affiliate   are  working   with   government   and   industry   on   significant
anti-counterfeiting,  safety,  and other  initiatives  and  where the  Company's
technology has been  designated  and/or  registered as an exclusive or preferred
technology in connection with those  initiatives.  It is China where the Company
through  its Chinese  joint  venture  affiliate  has  entered  into  significant
contracts.   The  Company's  immediate  priority  is  to  begin  fulfilling  and
generating revenues from China contracts.

The National Contract with AQSIQ To Mark Chinese Liquefied Natural Gas Container
and Special Equipment

As reported in its press  release on August 27, 2007,  the Company,  through its
Chinese  joint  venture  affiliate,  entered  into a contract  with the National
Quality  Inspection  Department of the State General  Administration for Quality
Supervision,  Inspection  and  Quarantine  of the  People's  Republic  of  China
("AQSIQ"),  to develop a national  safety/security  system for China's liquefied
natural gas and other pressurized canisters and other special equipment.

According   to  its   website   (www.aqsiq.gov.cn),   AQSIQ  is  a   ministerial
administrative  organ directly under the State Council of the People's  Republic
of  China  in  charge  of  national  quality,  metrology,  entry-exit  commodity
inspection,   entry-exit   health   quarantine,   entry-exit  animal  and  plant
quarantine,   import-export   food  safety,   certification  and  accreditation,
standardization, as well as administrative law-enforcement.  AQSIQ is considered
the Chinese counterpart to the United States Consumer Product Safety Commission.
See The  U.S.  Consumer  Product  Safety  Commission-AQSIQ  Joint  Statement  on
Enhancing  Consumer  Product  Safety  dated  September  11,  2007,  available at
http://www.cpsc.gov/cpscpub/prerel/prhtml07/07305.pdf.

The AQSIQ  Contract  follows an AQSIQ  Circular to every  quality and  technical
supervision bureau in all provinces, autonomous regions and municipalities under
the control of the Chinese  Central  Government.  The AQSIQ  Circular sets out a
5-year  AQSIQ  National  Security/Safety  Plan to protect  against  the  illegal
production,  circulation,  and use of certain "special  equipment" (the "Plan").
AQSIQ's mission in the Circular is, among other things, to protect public safety
from safety  accidents  and other risks caused by  counterfeit  and  substandard
"special  equipment."  Among the  "special  equipment"  referenced  in the AQSIQ
Circular are liquefied gas tanks, oxygen tanks, and other pressurized containers
and pipes,  elevators,  lift  machinery;  and  equipment  at large  recreational
facilities and automobile plants.

In its Circular,  AQSIQ has explicitly designated our technology and our Chinese
joint venture  company  affiliate as the  exclusive  technology  and  technology
provider  to  help  AQSIQ   develop,   implement  and  administer  its  National
Security/Safety  Plan.  Under the AQSIQ Circular,  TPID Beijing is to help AQSIQ
develop  national  special  equipment  security  identification  standards  (the
"standards"), a special equipment identification information security management
system (the "management system"),  and a special equipment  security/safety logo
(the "logo").

As a result of the  Circular,  AQSIQ  has  entered  into a  Project  Cooperation
Agreement with the Company's Chinese joint venture company  affiliate  (Contract



No. 0076180).  ASQIQ subsequently  entered into supplementary  provisions to the
Project  Cooperation  Agreement in connection  with the initial phase of AQSIQ's
National Security/Safety Plans relating to liquefied natural gas containers (the
"LNG Contract").

Under the LNG Contract,  TPID Beijing is to provide and apply a security logo to
all LNG containers in China.  According to Chinese  government  statistics,  the
total number of LNG  containers  in China is  currently  over 130 million and is
expected to increase in quantity by 10% every year. Under the LNG Contract, TPID
Beijing is to receive a fixed  taggant  price per LNG  container.  The  specific
taggant  price per LNG container is not being  disclosed due to its  proprietary
nature.

Under the LNG  Contract,  TPID Beijing is to provide  50,000 units of one of its
highly  proprietary   scanners  and  15,000  units  of  another  of  its  highly
proprietary  scanners to approximately  20,000 LNG gas stations,  30,000 special
equipment  manufacturers,  and  40,000  "platforms"  in  China.  Under  the  LNG
Contract, TPID Beijing is to receive a fixed price per scanner, with a different
fixed  price for each type of  scanner.  The  specific  price per scanner is not
being disclosed due to its proprietary nature.

Finally,  under the LNG  Contract,  TPID  Beijing  is to  establish  a  security
management  information system for 50,000  enterprises.  Under the LNG Contract,
TPID Beijing is to receive a fixed price per enterprise.  The specific price per
enterprise is not being  disclosed due to its proprietary  nature.  According to
AQSIQ,  among such enterprises and platforms include 5,016 enterprises in charge
of  manufacturing  LNG  containers  and  other  pressurized  containers,  14,995
enterprises in charge of charging LNG containers, 8,747 enterprises in charge of
manufacturing,  installing, reequipping and repairing boilers, and approximately
1,823 institutes in the Chinese state quality  inspection system which check LNG
containers.

Since AQSIQ's Circular,  Project  Cooperation  Agreement and LNG Contract,  TPID
Beijing and AQSIQ have met and  continue to meet on a routine  basis to develop,
coordinate,   and  implement  AQSIQ's  National   Safety/Security  Plan  and  in
particular as the Plan initially pertains to LNG containers. The initial revenue
projections  set  forth by  AQSIQ in the LNG  Contract  (as  corrected  to fix a
mathematical miscalculation in the original Chinese version of the LNG Contract)
to mark the 130 million LNG  containers  (at a fixed  price per  container),  to
provide  the  50,000  and  15,000  proprietary  scanners  (at fixed  prices  per
scanner),  and to develop a security  management  information  system for 50,000
enterprises (at a fixed price per enterprise) total 2,720,000,000  Chinese Yuan,
which equates to over US$362,000,000.

Subsequent  (yet  ongoing)  consultations  between  AQSIQ and TPID  Beijing have
produced the following latest gross revenue projections:

Year                                        Gross Revenue in Chinese Yuan               Gross Revenue in US Dollars
                                                                                        (based on  www.xe.com  exchange rate on
                                                                                         09-27-07 of US$1=0.133094 RMB)
<S>                                                                             <C>     <C>
Year 1                                      801,800,000                                        106,714,769.20
------------------------------------------- ------------------------------------------- ---------------------------------------
Year 2                                      1,612,250,000                                        214,580,801.50
------------------------------------------- ------------------------------------------- ---------------------------------------
Year 3                                      2,815,770,000                                        374,762,092.38
------------------------------------------- ------------------------------------------- ---------------------------------------
Year 4                                      2,686,930,000                                        357,614,261.42
------------------------------------------- ------------------------------------------- ---------------------------------------
Year 5                                      2,054,400,000                                        273,428,313.60
------------------------------------------- ------------------------------------------- ---------------------------------------
TOTAL                                       9,971,150,000                                      1,327,100,238.10
------------------------------------------- ------------------------------------------- ---------------------------------------

</TABLE>

These  revenue  projections  included not only LNG  containers,  but also oxygen
tanks,  fixed pressure  containers,  boilers and other items. They were based on
specific unit prices and number of items  provided by AQSIQ per year for each of
the five  years to mark LNG  tanks,  fixed  pressured  containers,  tank car and
oxygen space, and boilers. They were based on specific unit prices and number of
items  provided by AQSIQ per year for each of the five years for three  specific
types of scanners and for automatic marking equipment and intellectual  charging
equipment.  They were based on specific unit prices and number of items provided
by AQSIQ per year for each of the five years for software sales  associated with
system  building  and  client-side  software.  The number of items were based on
certain Chinese official  publications  including Special  Equipment  Statistics
Data  Publication  of 2005  published  on April 7, 2007,  the Special  Equipment


<PAGE>

Statistics  Data  Publication  of 2006  published on June 18,  2007,  and Safety
Status White Book of State Special  Equipment  published in July 2007. These are
all AQSIQ publications. The revenue projections were based on the information in
the chart set forth in the Company's  Form 10-KSB for Fiscal Year Ended June 30,
2007.

Continued  consultation  and  coordination  between  AQSIQ and TPID  Beijing are
ongoing and the revenue  projections are subject to change and revisions as such
coordination and consultation continue.

Under AQSIQ's supplementary  provisions and project cooperation agreement,  TPID
Beijing is to: (a) begin  marking  LNG  containers  in the first year and finish
marking them in three years;  (b) begin marking other fixed pressure  containers
in the third year and finish  marking  them in one year;  and (c) begin  marking
boilers in the third year and finish marking them in three years.

Under AQSIQ's Circular and Project Cooperation  Agreement,  the initial phase of
Plan starts LNG containers in the designated pilot areas of Beijing  (referenced
by AQSIQ as the site of the 2008  Olympics)  and  Guangdong  Province.  Beijing,
China's capital,  has a population of over 14 million.  Guangdong Province has a
population of over 110 million. To implement the Beijing/Guangdong  Pilot Phase,
TPID  Beijing  will use SDNA  taggant  developed by the Company as well as three
types of highly  developed  scanners  developed by the Company.  The Company and
TPID BJ may supplement its technology  with  technology  from several  prominent
technology companies in the United States and Europe.

Preliminarily,  based on consultations with AQSIQ to date, to begin to implement
the  Beijing/Guangdong  Pilot Phase,  TPID Beijing has  determined the estimated
amount of producing lines,  scanners and related software needed;  projects that
it will  initiate  manufacture  and  coordinate  the  technology  team by  early
November;  and projects that the trial work will take  approximately six months,
at which time it believes  that it will have  completed the  development  of the
national  security  logo standard and can begin  implementation  of the security
logo standard throughout China beyond Beijing and Guangdong. Based on the latest
consultations  with  AQSIQ to date,  TPID  Beijing  projects  that the  expenses
associated with the  Beijing/Guangdong  Pilot Phase will run approximately  US$3
million.  As stated above, the latest gross revenue  projections for year one of
the AQSIQ  contract is  801,800,000  Chinese  Yuan or  US$106,714,769.20,  which
includes, but is not limited to, the Beijing/Guangdong Pilot Phase.

Regarding  technological  implementation for the Beijing/Guangdong  Pilot Phase,
TPID Beijing will utilize scanners  developed by the Company.  At the same time,
TPID Beijing may  supplement  the  Company's  technology  with  technology  from
several  prominent  technology  companies in the United States and Europe.  TPID
Beijing  will also  utilize  its SDNA  taggant,  which  may have to be  produced
outside China.

Regarding  funding to implement  the  Beijing/Guangdong  Pilot Phase and beyond,
TPID has met with and received  significant  interest from several prominent and
well-funded  entities in China with significant  government  relationships.  The
Chinese entities are not only interested in funding implementation of the entire
AQSIQ  Contract but are also  interested  in using TPID's  technologies  to help
anti-counterfeit  their own  products  and the  products of other  companies  or
organizations.  TPID has also met with  potential  funders in and from the U.S.,
Hong Kong, and other parts of Asia.

Also,  in August  2007,  our Chinese  joint  venture  affiliate  entered into an
agreement with the Beijing China Printing & Calligraphy Collector Association to
apply taggant  information  technology to calligraphy and painting  artworks and
jointly establish the service platform for the authentication  management system
of the calligraphy and painting  artworks in China. The agreement  extends until
April 12, 2012.

On August 16, 2007 the Company  entered into an agreement  with Li Ning to issue
him ten million (10,000,000)  restricted common shares in return for his serving
as a member of the  Company's  Board and otherwise  supporting  the Company with
regard to its  initiatives  in China.  The common shares of the Company's  stock
closed trading on August 16, 2007 at $0.06 per share resulting in a valuation of
$600,000, which was expensed in the first fiscal quarter of Fiscal 2008.

Chinese JV Company Outgrows Old Office and Moves to New Larger Office

To keep pace with its  growth and  development,  and to help  better  enable the
Chinese JV Company to fulfill  Chinese  contracts,  on  September  28,  2007 the
Chinese JV Company  moved into a new larger office  located at 11th floor,  Jade
Palace Hotel, 76 Zhichun Road, Haidian District,  Beijing 100086. The Chinese JV
Company  occupies  the entire  11th floor of the Jade  Palace  Hotel,  a new and
leading  commercial and hotel complex in Beijing,  which is located in a special
economic  zone (SEZ) and thus allows the Chinese JV Company to continue to enjoy
the same tax and other  SEZ-related  incentives it had at the old office.  While
the rent is actually  less  expensive,  the new office is over 1.5 times  larger


<PAGE>

than the old office and is able to house,  in one  building,  certain  divisions
which  previously were located in different  locations.  The new office will now
house the Chinese JV Company's administrative,  sales, marketing, and accounting
departments  and will also allow the Company to make  taggant and to enlarge the
ability to conduct  research and  development.  The larger space has allowed the
Chinese JV Company to bring one more  personnel,  especially  for the Chinese JV
Company's burgeoning sales and marketing department.

The move to the new and larger office was funded by MKG.

RISK FACTORS:  RISKS RELATED TO OPERATING A BUSINESS IN THE PEOPLE'S REPUBLIC OF
CHINA ("PRC")

Joint ventures such as TPID Beijing are subject to general risks of operating in
the PRC.  These  include  risks  associated  with  the  political  and  economic
environment,  foreign  currency  exchange  and the legal  system in the PRC. The
economy of the PRC  differs  significantly  from the  economies  of the  western
industrialized  nations in such  respects as  structure,  level of  development,
growth  rate,   capital   reinvestment,   repatriation,   resource   allocation,
self-sufficiency,  rate of  inflation  and balance of payment  positions,  among
others. The PRC government  encourages  substantial private economic activities,
but this has only been the case since the early 1990's. Recent pronouncements in
the PRC were enacted to facilitate  foreign  investment  in certain  segments of
Chinese  industries which to date were primarily  reserved for  Chinese-owned or
Chinese state-owned enterprises. Moreover, recent pronouncements were enacted to
facilitate the ability of Western entities to either hold a majority interest in
a  Chinese  joint  venture  company  or to  form  a  wholly-owned  foreign-owned
enterprise. Given the recent nature of these pronouncement, it remains to be see
how uniformly they will be enforced and interpreted  throughout China.  Further,
despite  the  recent  pronouncements,  when a  western  entity  is  involved  in
significant  Chinese  government-related  initiatives  as the Company is,  there
remains  advantages to forming a Sino-Western joint venture to build the type of
relationships   needed  to  secure  and   effectuate   such   government-related
initiatives.

The  Chinese  economy has  experienced  significant  growth in the past  several
years,  but such growth has been uneven among various sectors of the economy and
geographic  regions.  On one hand, China's development and growth have presented
opportunities for the Company. The Company and its Chinese joint venture company
affiliate have been designated to help Chinese  government and industry  address
issues and challenges  precipitated by such development and growth. On the other
hand,  such  development  and growth may present  risks to entities  operating a
business in the PRC such as the Company and its Chinese  joint  venture  company
affiliate and their contracts and other  opportunities in China.  Because of the
challenges  created by such growth,  the PRC  government has indicated and taken
certain steps to control such growth and address such challenges. Actions by the
PRC  government to control  inflation,  for example,  have  restrained  economic
expansion  in the recent past across  several  industrial  sectors.  Similar and
continued  actions by the PRC  government in the future could have a significant
adverse effect on domestic economic condition in the PRC.

While there have been  tremendous  strides since its admission into the WTO, the
PRC's  comprehensive  system  of laws is  still  developing  and  evolving,  and
enforcement  of  existing  laws  at  many  different  government  levels  may be
uncertain,  sporadic, and not uniform. There have been many laws and regulations
promulgated in recent years dealing with economic matters in general and foreign
investment in general.

There is no  guarantee  that there will not be any  changes  respecting  Chinese
government, economy, laws, and regulation which may adversely affect the Company
and its Chinese  joint venture  company  affiliate.  There is no guarantee  that
Chinese  Government  may in the future  enact  regulatory,  legal,  economic and
political  regulations or policies which would adversely  affect the Company and
its Chinese joint venture company  affiliate and the contracts and opportunities
in China.

The Company's Continued Efforts in Non-China Markets

As stated above, the Company's immediate priority is to focus on solidifying its
foothold  in China,  implementing  its  China  contracts,  especially  the AQSIQ
Contract,  and generating  revenues from its China contracts.  Nonetheless,  the
Company  continues its efforts to penetrate  markets outside China.  Its current
strategy for non-China markets however is to enter into strategic  relationships
(whether in the form of a joint venture,  licensing or other  arrangement)  with
leading  companies in certain markets outside China,  which have developed their
own technologies  complimentary to the Company's,  have established  significant
distribution  networks  in those  markets,  and have  expressed  an  interest in
distributing  the  Company's  technologies  in those  markets.  To that end, the
Company has met with and  received  interest  from  companies  with  significant
networks in India,  the Philippines,  Malaysia,  Indonesia,  Europe,  the United
States,  and Canada.  The Company's strategy is to benefit from those companies'
already established  distribution networks and operational capabilities in those
markets,  while  minimizing  the  resources  the  Company  itself  would need to


<PAGE>

distribute and operate in those markets.  The Company has also met and generated
significant  interest from a leading  multinational  company in the  inspection,
certification, and testing field.

The Company's Funding Efforts

On January  17,  2007,  we closed an  initial  bridge  financing  with a private
investor for $500,000;  a portion of these  proceeds  went to fulfill  orders in
China and to enhance our ability and our Chinese joint venture partner and their
facilities  and staff to address  growing  opportunities  for our  products  and
services in China and elsewhere.

To date, other than the above bridge financing,  funding for the Company's China
and US operations have predominantly come from MacKay Group Limited ("MKG").  As
reported in the Company's Form 8-K filed August 17, 2007, according to financial
records  relating  to  TPID  Beijing,   as  of  August  2007  MKG  had  advanced
approximately  US$1 million to or for TPID Beijing and its  anti-counterfeiting/
product   authentication   operations  and  anticipates   advancing   additional
significant funds to or for TPID Beijing.

As reported in the Company's  August 17, 2007 Form 8-K, on August 15, 2007,  MKG
executed a binding term sheet to provide the Company with a line of credit of up
to One Hundred Fifty Thousand Dollars  (US$150,000) to help fund the initiatives
and  operations in China and the U.S. The terms and  conditions  were  described
above and in the Company's August 17, 2007 Form 8-K.

As stated  above,  to implement the  Beijing/Guangdong  Pilot Phase of the AQSIQ
Contract and beyond,  TPID has met with and received  significant  interest from
several prominent and well-funded entities in China with significant  government
relationships.  These entities are not only interested in funding implementation
of  the  entire  AQSIQ  Contract  but  are  also   interested  in  using  TPID's
technologies  to help  anti-counterfeit  their own  products and the products of
other companies or  organizations.  TPID has also met with potential  funders in
and from the U.S., Hong Kong, and other parts of Asia.

As described in Note K above, to help  restructure the Company,  its management,
and its  operations in the U.S.,  China,  and other foreign  markets and to help
fund the Company,  including in connection  with contract  fulfillment in China,
effective  November 7, 2007 the Company's Board appointed William R. Dunavant as
the Company's Chief Executive Officer, and retained Rene Hamouth (Hamouth Family
Trust trustee) to consult and assist the Company in market matters. James MacKay
also  voluntarily  relinquished  his  position  as  Chairman of the Board to Mr.
Dunavant who was appointed the new Chairman of the Board.


ITEM 3.  CONTROLS AND PROCEDURES

Sergio Luz,  the  Company's  President  and  Principal  Financial  Officer,  has
evaluated the effectiveness of the Company's  disclosure controls and procedures
as of the end of the period  covered  by this  report  and in his  opinion,  the
Company's  disclosure  controls and procedures ensure that material  information
relating to the Company is made known to them by others  within those  entities,
particularly during the period in which this report is being prepared,  so as to
allow timely decisions  regarding required  disclosure.  To the knowledge of Mr.
Luz  there has not been any  change  in the  Company's  internal  controls  over
financial  reporting  during  the  quarter  ended  September  30,  2007 that has
materially affected, or is reasonably likely to materially affect, the Company's
controls.

PART III

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

 (a) Exhibits

 Number                    Title

   31                      Rule 13a-14(a) Certifications

   32                      Section 1350 Certifications

(b) Reports on Form 8-K

Form 8-K filed August 17, 2007 reporting  agreements with Li Ning,  MacKay Group
Limited and Richard Bendis and reporting resignation of Bendis as Chairman,  CEO
and  president  and  appointment  of James  MacKay  as  Chairman,  of Li Ning as
director, and of Sergio Luz as president.

Form 8-K filed  November 7, 2007 reporting  appointment  of William  Dunavant as
Chairman and CEO and Rene Hamouth as consultant; the resignation of James MacKay
as Chairman; and the Board's vote to effect a 30:1 reverse split.

Form 8-K filed November 8, 2007 reporting  appointment of Michael J.  Antonoplos
as Secretary.



<PAGE>




                                   SIGNATURES





In accordance  with the  requirements  of the Exchange Act, the  Registrant  has
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.



                                           True Product ID, Inc.

November 14, 2007                          By:   /s/ Sergio Luz
                                                 --------------

                                                Sergio Luz
                                                President and Principal
                                                Financial Officer