UNITED STATES SECURITIES EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-KSB

|X|   ANNUAL REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF
      1934

                    FOR FISCAL YEAR ENDED: September 30, 2005

                         COMMISSION FILE NO.: 000-50240

|_|   TRANSITION REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT
      OF 1934

               FOR THE TRANSITION PERIOD FROM 10/01/04 TO 09/30/05

                          CLAREMONT TECHNOLOGIES CORP.
                -------------------------------------------------
                 (Name of small business issuer in its charter)

            Nevada                                                98-0338263
-------------------------------                              -------------------
(State or other jurisdiction of                               (I.R.S. Employer
 incorporation or organization)                              Identification No.)

1100 - 1200 West 73rd Ave. Vancouver, B.C,                        V6P 6G5
------------------------------------------                   -------------------
 (Address of principle executive offices)                        (Zip Code)

Issuer's telephone number: (604) 267-7032
                           --------------

Former Name and Address:

         1374 Cartier Place,
         Vancouver, BC            V6P 2W9

Securities registered under Section 12(b) of the Exchange Act: None Securities
registered under Section 12(g) of the Exchange Act:

      Common Stock, $0.001 par value
      ------------------------------
      (Title of Class)

Check whether the issuer (1) filed all reports required to be filed By Section
13 or 15(d) of the Exchange Act during the past 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 |_| NO |X|

<PAGE>

Check if disclosure of delinquent filers in response to Item 405 of Regulation
S-B is not contained in this form and no disclosure will be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-KSB or any amendment to
this Form 10-KSB. |_|

Issuer's revenues for its most recent fiscal year is 17,071.

The aggregate market value of the voting common stock held by non- affiliates of
the Registrant as of January 26, 2006 is $144,242 At January 26, 2006 our
stock's closing price was $0.011 per share. This price, however, is an
inter-dealer price without retail mark- up, mark-down or commission and may not
represent an actual transaction.

State the number of shares outstanding of each of the issuer's classes of common
stock, as of the latest practicable date:

25,000,000 SHARES OF $0.001 PAR VALUE COMMON STOCK ARE ISSUED AS OF January 26,
2005 AND 25,000,000 ARE OUTSTANDING.

Transitional Small Business Disclosure Format (check one):
                                           Yes |_|  No |X|

ITEM 1. DESCRIPTION OF BUSINESS

Background

The Company was incorporated on September 14, 1999 in and under the laws of the
state of Nevada, with the initial Board of Directors comprised of a sole
director, Robert Rosner. At our incorporation, we were engaged in the business
of developing an internet computer software program known as Clear Switch; a
program that processes submission of internet web page information to major
internet search engines. Subject to the necessary funding for development and
completion of its software, Claremont anticipated that the development of the
first tool of its proprietary software, Clear Switch Manager, would be completed
by October 2003. The Company's plans were to integrate the software with our
website, so it could be sold immediately after completion. Subsequent products
including the Clear Switch Repeater, the Clear Switch Bridge, the Clear Switch
Router, and the Clear Switch Complex were to be developed and released at a rate
of one tool per quarter, depending on sales and financing, until all four tools
in the Claremont suite of products had been completed. Although we attempted to
develop this software program, we suspended these efforts due to our
insufficient cash flow and inability to obtain financing to conduct further
development of this software program.

<PAGE>

In July 2003, the Board of Directors of the Company approved a 3.2 for 1 split
of its common stock. The stock split was effected by way of a stock dividend to
the Company's shareholders of record as at July 28, 2003. Each shareholder of
record was issued 2.2 additional shares of the Company's common stock for each 1
share held on the payment date of July 28, 2003. The Company's common stock was
traded on a post-split (ex-dividend) basis on July 29, 2003. As of July 29,
2003, the total issued and outstanding shares of the Company were 16,320,000
common shares.

On August 22, 2003, a share exchange agreement between Claremont Technologies
Corp. and the shareholders of Safe Cell Tab, Inc.("SCT"), was executed whereby
the Company acquired 100% of the shares of SCT, making SCT a wholly owned
subsidiary. On March 31, 2004, an amendment to the share exchange agreement was
signed by the parties.

Background Post-Share Exchange

The Share Exchange Agreement of Safe Cell Tab, Inc. was undertaken as a means of
complementing, augmenting and extending the early stage activities and business
plans of the Company. The SCT Share Exchange Agreement was to result in the
addition of gross revenues to the consolidated balance sheet of the Company, as
a result of sales from the SCT products. SCT became the sole operating entity of
the consolidated de faceto merger business combination. Additionally, the
acquisition of a master distributor Wi-Fi License which had been acquired and
paid for by SCT, was to further create revenues for the Company.

The Safe Cell tab is a small, thin, oval shaped device designed specifically to
help protect the users of cell phones, cordless phones, laptops, microwaves and
other hand held devices such as palm pilots, from the potentially harmful and
damaging effects of electromagnetic radiation (electromagnetic frequencies or
"EMF") which is emitted from electrical devices. The Safe Cell tab simply
adheres to the back of a cell phone or other electronic device, where its
conductive fibrous material called 'Shieldron', is designed to absorb certain of
these EMF waves. The manufacturer of the Safe Cell tab states that the product
is designed to reduce the biological effects of long term exposure to EMF.

The Safe Cell tab is the creation of, and is manufactured by, a South Korean
manufacturing company named Milae Electronics, who holds Korean Patent #094419.
The branded product line Safe Cell, is distributed under a world wide exclusive
distribution and supply agreement by Safe Cell Tab, Inc. The Safe Cell tab
product is made from a superconductive polyester fiber. This conductive material
blocks certain EMF waves. Shieldron is manufactured by EM Solutions, Inc. of
Soeul, Korea. Conductive fibers were originally developed by NASA (National
Aeronautics and Space Administration Agency) to address the hazards associated
with radiation from electromagnetic waves in outer space. EM Solutions has taken
this technology and/or concept and developed Shieldron. Today, the Shieldron
technology is mass produced and the manufacturer, EM Solutions, Inc., carries
the Korean NT mark (new technology small and medium business administration), KT
mark (ministry of science and technology), and UL mark (standards, tests, and
authentication of electrical and electronics industry) of quality assurance and
quality control. This technology is used in a wide range of industries to help
protect humans, prevent malfunctioning of devices and generally reduce the
damaging effects of EMF radiation.

<PAGE>

The Company received two independent laboratory reports testing the Safe Cell
tab product. The efficiency tests conducted were performed to US ASTM standards
(American Society for Testing and Materials). One report came from the Korea
Research Institute of Standards and Science dated July 12, 1993. The other
report is from the Kansai Electronic Industry Development Center of Japan dated
October 4, 1999. The tests indicated almost no electromagnetic waves remained
after filtering through the Shieldron layer. The absorbed electromagnetic waves
changed into heat energy and dissipated. The tests were specific to test
shielding effectiveness of frequencies up to a range of 1.5 GHz. The tests do
not address all of the safety problems associated with its use. The shielding
effectiveness is determined by the conductivity of the metal used for the
coating. Accordingly, metals such as gold, silver or aluminum will conduct and
provide better effect of shielding EMF emissions than that of nickel. The Safe
Cell tab product uses aluminum for its coating. Better conductive material will
have a better shielding effect.

In September, 2003, SCT acquired the sales, marketing and distribution rights to
a new completely 'mobile' Wi-Fi [802.11b] (Wireless Fidelity) distributed wide
area network ["DWAN"] system, which utilizes the proven hardware and software
commercially viable capabilities of a Wi-Fi system called 'Brilan'. Softhill
Technologies, Ltd. developed the Brilan products and partially Branded them for
SCT. The Brilan technology provides connectivity and supporting transmission of
data and analog, as well as digital voice. It enables digital and analog phones
to be accessed in hard to reach places. SCT's latest 802.11b Wi-Fi technology
license was also consistent with the Company's mid to long term goals and
mandate of establishing itself as a vertically integrated wireless
communications company, capable of offering a unique value added series of
products and services to its customers.

On October 1 2003, the Company received a letter of interest in becoming an
exclusive distributor for the Mobius mobile phone, a unique disposable, battery
operated cell phone. This disposable phone attempts to function as an emergency
phone and is aimed at the entry level of the consumer cellular phone market. The
Company planned to equip the phone with its own Safe Cell tab and proposes to
offer the feature to make collect calls without the need for air time or a
calling card. Mobius marketed itself as an ideal for users who don't want long
term commitments. Mobius operates solely on three AA batteries which are
included with the phone and does not have to be pre-charged. No user contract is
required. Mobius will be priced reasonably and will be an affordable item for
those with either a limited budget or who want security at an economical price.

The Company hopes to be in a position to establish more cost effective and
differentiated business solutions for its various products and services
throughout the upcoming 2005 fiscal year. We currently have minimal cash
reserves and a significant working capital deficit. Accordingly, our ability to
pursue our plan of operations is contingent on our ability to restructure our
debt and obtain sufficient funding to engage our plan of reorganization and
emerge successfully from bankruptcy.

SUBSIDIARIES

<PAGE>

We entered into a Share Exchange Agreement executed August 22, 2003 and amended
March 31, 2004, with the shareholders of Safe Cell Tab, Inc. The acquisition of
SCT makes it a wholly owned subsidiary of the Company, whereby SCT became the
sole operating entity of the consolidated post de facto merger.

PATENTS AND TRADEMARKS

As of the fiscal year end September 30, 2004, we do not legally own, or have
rights to, any patents or trademarks. However, we do currently own the internet
domain of www.claremonttechnologies.com and possess a master distributor Wi-Fi
License from Milae Electronics to sell its patented Safe Cell tab.

AGREEMENTS

On October 1 2003, the Company received a letter of interest from Forward Path
LLC in becoming an exclusive distributor for the disposable phones called
Mobius. The letter outlined an initial plan for a five year period provided that
the Company sells a minimum of 50,000 units within its first year and
maintaining a minimum market penetration of 2,500 locations. The Company, in
good faith, made an initial payment of $60,000, on October 27, 2003, to acquire
12,500 units of Mobius phones. To date, Forward Path has not provided any of
these phones to the Company. Furthermore, the Company believes that Forward Path
had neither the ability nor perhaps the intention to fulfill its contractual
obligations to the Company. The Company has contacted the FBI, RCMP (Royal
Canadian Mounted Police)and Vancouver Police Departments and is conducting a
formal review with respects to this matter.

On December 11, 2003 the Company entered into a master sales and distribution
agreement for the Safe Cell tab products with a company named Innovative
Inventions, Inc. ("I3"). I3 was additionally appointed as both the Company's and
SCT's exclusive e-commerce partner. I3 was to be responsible for managing the
e-commerce sales via the Company's web site at www.claremont-technologies.com
and at SCT's website, www.safecelltab.com. The initial two year term of this
agreement requires I3 to purchase a minimum of two hundred thousand (200,000)
Safe Cell tab units with a pre-agreed revenue splitting arrangement. I3 has
failed to meet the terms of the agreement and the Company is presently reviewing
options.

RESEARCH AND DEVELOPMENT EXPENDITURES

As of September 30, 2003 the Company had expended no further monies on either
the research and or development of its various products. However, the company
loaned $25,000 to SCT to help SCT develop the Safe Cell Tab business.

The company has also undertaken certain development costs which relate to the
creation and maintenance of the corporate web site(s). This process is not yet
complete and is still ongoing. The Company anticipates that ongoing internet
maintenance and support costs will not exceed approximately $300 per month.

<PAGE>

The Company has conducted further testing of the efficacy of the Safe Cell tab
product. These tests have been conducted at US regulated testing facilities. The
Company expects to add to its clinical portfolio through the implementation of a
rigorous testing regime, consisting of one to two tests annually. Costs for this
type of testing are typically in the $1,000 to $2,000 range per test.

COMPETITION

The markets and industries defined by the Company's various products and
services are new, rapidly evolving and intensely competitive. Claremont expects
competition to intensify in the future. Additionally, these markets are highly
fragmented, with no clear dominant leader and the barriers to entry are fairly
minimal as current and new competitors can commercialize products and services
at a relatively low cost and in a fairly short period of time.

The Company anticipates that its major competitors can be divided into the
following two groups:

i) Competitors for the Company's Wi-Fi products

o     various manufacturers of Wi-Fi hardware and software components;
o     distributors of Wi-Fi products and services who mainly re-sell components
      to specific groups of end users interested in establishing their own
      Virtual Private Networks; and
o     network systems integrators and consultants who have the ability to
      influence the purchasing decisions of their various end user clients and
      who represent or promote only select or specific products.

ii) Competitors for the Company's Safe Cell Tab products

o     distributors and re-sellers of cell phones and accessories;
o     online retailers of cell phones;
o     independent online retailers specializing in cellular phone accessories
      and alternative health products;
o     mail-order and catalog retailers of cellular phone accessories, some of
      which have already developed online retail outlets;
o     direct sales organizations;
o     electronic stores specializing in communications and computer equipment;
o     merchants and mass market retail chains; and

Many of the Company's potential competitors have longer operating histories,
larger customer or user bases, greater brand recognition and significantly
greater financial, marketing and other resources than Claremont currently has.
In addition, an online retailer may be acquired by, receive investments from, or
enter into other commercial relationships with, larger, well-established and
well- financed companies as use of the internet and other electronic services
increases. Competitors have and may continue to adopt aggressive pricing or
inventory availability policies and devote substantially more resources to
website and systems development than the Company does. Increased competition may
result in reduced operating margins and loss of market share.

<PAGE>

The Company believes that the principal competitive factors in its market are:

1. the ability to attract and retain customers;
2. the breadth of product selection;
3. the product pricing;
4. the ability to customize products and labeling;
5. the quality and responsiveness of customer service.

The Company believes that it can compete favorably on these factors. However,
the Company will have no control over how successful its competitors are in
addressing these factors. In addition, with little difficulty, the Company's
online competitors can duplicate many of the products or services offered on the
Company's website. The Company believes that its competitors also face several
challenges in succeeding:

1. Lack of convenience and personalized service. Traditional retailers have
limited store hours and locations. Traditional retailers are also unable to
provide consumers with product advice tailored to their particular situation.
2. Limited product assortment. The capital and real estate intensive nature of
store-based retailers limit the product selection that can be economically
offered in each store location.
3. Lack of Customer Loyalty. Although the larger traditional retailers often
attract customers, many of these customers are only one-time users. People are
often attracted to the name brands, but find the products too expensive. It is
understood that these are quality products and have value, but the multilevel
structure of marketing often employed by large retailers mandates high prices.

REGULATORY ENVIRONMENT

The manufacturing, processing, packaging, labeling and advertising of the
products that Claremont sells may be subject to regulation by one or more U.S.
federal agencies, including the Federal Trade Commission, and/or the Federal
Communications Commission ("FCC"). These activities also may be regulated by
various agencies of the states, localities and foreign countries in which
consumers reside. The Federal Communications Commission, in particular,
regulates the manufacture, labeling and distribution of electronic communication
devices and related ancillary products, including cellular phones, computer
equipment and other electromagnetic frequency emitting devices and products.

Certain other devices such as the Wi-Fi division's Brilan 802.11b hardware
device, must be "FCC Compliant" prior to being marketed in the United States.
This requires the Company and its manufacturer to have test data on file which
demonstrates that their devices are compliant with the appropriate FCC
guidelines for that particular device. As of September 30, 2003, all of the
Company's Wi-Fi products have been either FCC approved or are FCC compliant. The
company is relying upon information in this regard which it has received from
its various device manufacturers as to the validity of these claims.

<PAGE>

The FCC may undertake enforcement actions against companies marketing either
unapproved, or "adulterated" or "misbranded" products. Various remedies are
available to the FCC to either deter and or prosecute suspected offender or
violators and may include: criminal prosecution; an injunction to stop the sale
of a company's products; seizure of products; adverse publicity; and "voluntary"
recalls and labeling changes. FCC regulations require that certain informational
labeling be presented in a prescribed manner on certain classes and types of
communication products and that these products not be "misbranded". A product
may be deemed as unapproved and "misbranded" if it bears improper claims or
improper labeling.

In addition to the regulatory scrutiny of the FCC, the advertising and promotion
of the Company's products are subject to scrutiny by the Federal Trade
Commission. The Federal Trade Commission Act prohibits "unfair or deceptive"
advertising or marketing practices, and the Federal Trade Commission has pursued
numerous manufacturers and retailers of electronic communications equipment for
deceptive advertising or failure to substantiate promotional claims, including,
in many instances, claims made via the Internet. The Federal Trade Commission
has the power to seek administrative or judicial relief prohibiting a wide
variety of claims, to enjoin future advertising, to seek redress or restitution
payments and to seek a consent order and seek monetary penalties for the
violation of a consent order. In general, existing laws and regulations apply
fully to transactions and other activity on the Internet. The Federal Trade
Commission is in the process of reviewing its policies regarding the
applicability of its rules and its consumer protection guides to the Internet
and other electronic media. The Federal Trade Commission has already undertaken
a new monitoring and enforcement initiative "Operation Cure-All," targeting
allegedly bogus health claims for products and treatments offered for sale on
the Internet. Many states impose their own labeling or safety requirements that
differ from or add to existing federal requirements.

The Company cannot predict the nature of any future U.S. laws, regulations,
interpretations or applications, nor can it determine what effect additional
governmental regulations or administrative orders, when and if promulgated,
would have on its business in the future. Although the regulation of electronic
equipment and or devices is less restrictive than certain other devices, the
Company cannot assure you that the current statutory scheme and regulations
applicable to its products will remain less restrictive. Further, Claremont
cannot assure you that, under existing laws and regulations, or if more
stringent statutes are enacted, regulations are promulgated or enforcement
policies are adopted, it is or will be in compliance with these existing or new
statutes, regulations or enforcement policies without incurring material
expenses or adjusting its business strategy. Any laws, regulations, enforcement
policies, interpretations or applications applicable to Claremont's business
could require the reformulation of certain products to meet new standards, the
recall or discontinuance of certain products not capable of reformulation,
additional record keeping, expanded documentation of the properties of certain
products, expanded or different labeling or scientific substantiation. Finally,
Claremont is not aware of any environmental laws that are applicable to the
operation of its business.

<PAGE>

REGULATION OF THE INTERNET

In general, existing laws and regulations apply to transactions and other
activity on the internet; however, the precise applicability of these laws and
regulations to the internet is sometimes uncertain. The vast majority of such
laws were adopted prior to the advent of the internet and, as a result, do not
contemplate or address the unique issues of the internet or electronic commerce.
Nevertheless, numerous federal and state government agencies have already
demonstrated significant activity in promoting consumer protection and enforcing
other regulatory and disclosure statutes on the internet. Additionally, due to
the increasing use of the internet as a medium for commerce and communication,
it is possible that new laws and regulations may be enacted with respect to the
internet and electronic commerce covering issues such as user privacy, freedom
of expression, advertising, pricing, content and quality of products and
services, taxation, intellectual property rights and information security. The
adoption of such laws or regulations and the applicability of existing laws and
regulations to the internet may impair the growth of internet use and result in
a decline in the Company's sales.

A number of legislative proposals have been made at the federal, state and local
level, and by foreign governments, that would impose additional taxes on the
sale of goods and services over the internet, and certain states have taken
measures to tax Internet- related activities. Although Congress recently placed
a three-year moratorium on new state and local taxes on internet access or on
discriminatory taxes on electronic commerce, existing state or local laws were
expressly excepted from this moratorium. Further, once this moratorium is
lifted, some type of federal and/or state taxes may be imposed upon internet
commerce. Such legislation or other attempts at regulating commerce over the
Internet may substantially impair the growth of commerce on the internet and, as
a result, adversely affect the Company's opportunity to derive financial benefit
from such activities.

EMPLOYEES

The Company is currently managed by its sole employee, Mr. Al Rahim. Contingent
on the Company's plan of reorganization, additional part-time and full time
employee's shall be added as required. To ensure that the most appropriate and
qualified employees are hired, the Company anticipates either hiring a qualified
human resources person or outsourcing this responsibility to a qualified third
party who is qualified to aid in this selection process.

<PAGE>

ITEM 2. DESCRIPTION OF PROPERTY

The Company's head offices are located at 1200 West 73rd Avenue, Suite 1100,
Vancouver, BC, Canada, V6P 6G5. We pay $950.00 per month pursuant to a month to
month lease for the use of the premises. The Company's phone number is
604-267-7032.

ITEM 3. LEGAL PROCEEDINGS

On or about March 25, 2005, two creditors of Claremont Technologies Corp. filed
with the U.S. Bankruptcy Court, District of Nevada, an involuntary petition
under Chapter 7 of the United States Bankruptcy Code. The Company has
successfully converted the original petitioned Involuntary Chapter 7 to a
Voluntary Chapter 11, thereby preserving value for parties in interest.

The Company disputes the legitimacy of a major portion of the debt allegedly
owed to prior management and related parties, for debts allegedly incurred,
prior to the closing of the reverse merger between the Company and SCT, despite
language in the definitive merger documentation confirming that the Company was
to be debt-free, and the fiduciary duty of the directors not to incur debt
during this period, especially to their personal gain. As Debtor in Possession
of the estate, the Company will continue to fulfill its obligations and maintain
the integrity of the bankruptcy process.

Furthermore, as part of the ongoing bankruptcy process, the Company has become
aware of certain contingent threaten litigation that may result from the
aforementioned alleged breach of the Share Exchange Agreement between certain
parties of behalf of SCT against the Company, its pre-merger directors, and
certain control parties. The value of these resulting claims, if any, shall be
determined by judicial review, the bankruptcy court and/or negotiations amongst
the parties.

The Company has received a total of six civil complaints alleging that the
Company directly or indirectly assisted certain known and unknown individuals in
sending out numerous faxes touting the Company and its stock, to individuals
with whom the Company had no prior relationship, in violation of certain
anti-blast fax laws. The Company has denied any knowledge of or cooperation with
the sending of such faxes, which were done without its permission and knowledge.
The Company Co-operated fully in a NASD inquiry on the matter, to their
satisfaction. The lawsuits are presently being dealt with as claims within the
Chapter 11 bankruptcy case, or have been dismissed.

In December 2005, we recovered a large portion of our books and records that had
been illegally seized in late 2004 by a prior executive secretary and an alleged
creditor. The Company is currently pursuing the recovery of damages resulting
from the violations of the Automatic Stay.

<PAGE>

ITEM 4. SUBMISSION OF MATTER TO A VOTE OF SECURITY HOLDERS

During the fourth quarter of fiscal year 2003, the majority stockholders
approved a 3.2:1 forward stock split. During the fiscal year ending September
30, 2005, there were no matters submitted to a vote of security holders.

PART II

ITEM 5. MARKET FOR COMMON EQUITY AND RELATED SHAREHOLDER MATTERS

Market Information

Prior to February 2003, there was no trading market for our common stock. We
obtained a trading symbol of "CTTG" and began trading on the NASD
Over-the-Counter Bulletin Board in February 2003. Although we have a listing on
the Bulletin Board, there is no assurance that an active, liquid market for our
common stock will develop or that a trading market will continue.

Our common stock is quoted on the NASD Over-the-Counter Bulletin Board at the
present time. At February 15, 2006, our stock's closing price was $0.011 per
share. This price, however, is an inter-dealer price without retail mark-up,
mark-down or commission and may not represent an actual transaction. The high
and low trades for our shares for each quarter of actual trading were:

                           HIGH               LO
                         ---------        ---------
    2005

      First Quarter      $  0.65          $  0.41
      Second Quarter     $  0.27          $  0.075
      Third Quarter      $  0.085         $  0.06
      Fourth Quarter     $  0.07          $  0.05

The prices are all at closing.

<PAGE>

The Security and Exchange Commission has adopted a Rule that defines a "penny
stock" for the purposes relevant to us, as any equity security that has a market
price of less than $5.00 per share or with an exercise price of less than $5.00
per share, subject to certain exceptions. Our common stock is presently
considered a "penny stock" and is subject to such market rules. The penny stock
rules require a broker-dealer, prior to a transaction in a penny stock, to
deliver a standardized risk disclosure document prepared by the Commission,
that: (a) contains a description of the nature and level of risk in the market
for penny stocks in both public offerings and secondary trading; (b) contains a
description of the broker's or dealer's duties to the customer and of the rights
and remedies available to the customer with respect to a violation to such
duties or other requirements of Securities' laws; (c) contains a brief, clear,
narrative description of a dealer market, including bid and ask prices for penny
stocks and the significance of the spread between the bid and ask price;
(d)contains a toll-free telephone number for inquiries on disciplinary actions;
(e) defines terms that are significant in the disclosure document or in the
conduct of trading in penny stocks; and (f) contains such other information and
is in such form, including language, type, size and format, as the Commission
shall require by rule or regulation. The broker-dealer also must provide, prior
to effecting any transaction in a penny stock, the customer with: (a) bid and
offer quotations for the penny stock; (b) the compensation of the broker-dealer
and its salesperson in the transaction; (c) the number of shares to which such
bid and ask prices apply or other comparable information relating to the depth
and liquidity of the market for such stock; and (d) a monthly account statements
showing the market value of each penny stock held in the customer's account. In
addition, the penny stock rules require that prior to a transaction in a penny
stock not otherwise exempt from those rules; the broker-dealer must make a
special written determination that the penny stock is a suitable investment for
the purchaser and receive the purchaser's written acknowledgement of the receipt
of a risk disclosure statement, a written agreement of transactions involving
penny stock and a signed and dated copy of a written suitability statement.
These disclosure requirements may have the effect of reducing the trading
activity in the secondary market for our stock.

Holders of Common Stock

There are 25,000,000 outstanding common shares as of February 15, 2006. Based on
the information received from brokers and others in fiduciary capacities, we
estimate that the total number of shareholders of our common stock does not
exceed 200. Our shares of common stock are currently traded on the
Over-the-Counters Bulletin Board under the symbol "CTTG".

Stock Option Grants

To date, we have not granted any stock options.

Dividends

Since our inception, no cash dividends have been paid on the Company's common
stock. The Company intends to retain any earnings for use in its business
activities, so it is not expected that any dividends on the common stock will be
declared and paid in the foreseeable future. There are no restrictions in our
Articles of Incorporation or bylaws that restrict us from declaring dividends.
The Nevada Revised Statutes, however, prohibit us from declaring dividends
where, after giving effect to the distribution of the dividend:

i) we would not be able to pay our debts as they become due in the usual course
of business; or

<PAGE>

ii) our total assets would be less than the sum of our total liabilities, plus
the amount that would be needed to satisfy the rights of shareholders who have
preferential rights superior to those receiving the distribution.

We have neither declared nor paid any cash dividends on our capital stock and do
not anticipate paying cash dividends in the foreseeable future. Our current
policy is to retain any earnings in order to finance the expansion of our
operations. Our board of directors will determine future declaration and payment
of dividends, if any, in light of the then-current conditions they deem relevant
and in accordance with the Nevada Revised Statutes.

In July 2003, the Board of Directors of the Company approved a 3.2 for 1 split
of its common stock. The stock split was effected by way of a stock dividend to
the Company's shareholders of record as at July 28, 2003. Each shareholder of
record was issued 2.2 additional shares of the Company's common stock for each 1
share held on the payment date of July 28, 2003. The Company's common stock was
traded on a post-split (ex-dividend) basis on July 29, 2003. As of July 29,
2003, the total issued and outstanding shares of the Company 16,320,000 common
shares.

Recent Sales of Unregistered Securities

During Fiscal Year 2005 ending September 30, 2005, we have not had any sales of
unregistered securities.

ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

The following discussion of the financial condition and results of operations of
the Company should be read in conjunction with the financial statements and the
related notes thereto included elsewhere in this annual report for the year
ended September 30, 2005. This annual report contains certain forward-looking
statements and the Company's future operating results could differ materially
from those discussed herein. Certain statements contained in this Report,
including, without limitation, statements containing the words "believes,"
"anticipates," "expects" and the like, constitute "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements involve known and unknown risks, uncertainties and
other factors which may cause the actual results, performance or achievements of
the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Given
these uncertainties, readers are cautioned not to place undue reliance on such
forward-looking statements. The Company disclaims any obligation to update any
such factors or to announce publicly the results of any revisions of the
forward-looking statements contained or incorporated by reference herein to
reflect future events or developments.

<PAGE>

STATUS OF OPERATIONS

During the fiscal year ending September 30, 2005, the Company was primarily
engaged in the execution of two mandates. During the period of November 2004 up
to March 2005, the Company's new management was engaged in the market
introduction of the Safe Cell tab product line. This initiative included the
hiring and training of key personnel, the development of regional and national
distribution partnerships and the successful establishment of Safe Cell Tabs
professional athlete testimonial program. Additionally, Safe Cell Tab was chosen
and used by both the US and Canadian Hockey clubs at this year's World
Tournament.

During the period beginning in March, 2005 up to September 30, 2005, and
continuing as of this report, the Company has been engaged in a bankruptcy
process that was brought forward principally by previous management and
directors of the Company and related parties. The Company has successfully
converted the original petitioned Involuntary Chapter 7 to a Voluntary Chapter
11, thereby preserving value for parties in interest. The Company has been
appointed as Debtor in Possession of the estate and is working diligently to
fulfill its obligations. In pursuit of this mandate, the Company is
investigating and maintaining the integrity of the bankruptcy process, while
building value for the legitimate creditors and stakeholders of the Company.

For at least the first two quarters of the current fiscal 2005 year, the Company
anticipates incurring further losses as a result of organizational expenses
associated with the bankruptcy process, the development of the Company's Plan of
Reorganization and setting up a company structure which is capable of
implementing its new business plan. The Company anticipates that until its Plan
of Reorganization is confirmed, it will not generate significant revenues, and
may continue, for a period of time, to operate at a loss thereafter, depending
upon the performance of the post confirmation business.

Subsequent to the fiscal year ending September 30, 2005, the Company may entered
into material business arrangements in an attempt to further enhance its value
for the Company stakeholders. If the Company either raises additional capital or
engages in a business combination transaction that implicitly increases the
value of the Company, shareholders may not personally recognize the increase in
value. For example, if the Company raises additional capital in the future at
$0.03 per share, even if there is a market for the Company's stock, it may not
support enough volume to permit a shareholder to liquidate shares at a profit.
Similarly, a business combination transaction could result in any consideration
being paid either to the Company or a significant shareholder, and minority
shareholders would simply continue to own shares in the resulting business. All
activities by the Company are governed by the laws, rules and regulations of the
Federal Bankruptcy Court and the local equivalents of District 9, Nevada.

LIQUIDITY AND CAPITAL RESOURCES

<PAGE>

The Company remains in the development stage and since inception, has
experienced no significant change in liquidity or capital resources or
shareholders' equity. From October 1, 2004 until September 30, 2005 the company
had not managed to generate sufficient revenues from operations to meet its
budget.

RISK FACTORS

Dependence on key management

Our success is highly dependent upon the continued services of Mr. Al Rahim, our
General Manager. If Mr. Rahim were to leave us, it could have a materially
adverse effect upon our business and operations. We anticipate entering into an
on going employment contract with Mr. Rahim but can provide no assurance that we
will come to terms for such employment agreements.

We are in our early stages of development and face a risk of business failure We
are in our early stages of development and have just engaged a few companies to
market, sell and distribute our products. We have no way to evaluate the
likelihood that we will be able to operate the business successfully. The
likelihood of success must be considered in light of the problems, expenses,
difficulties, and complications and delays encountered in connection with the
technology industry. We recognize that if we are unable to generate significant
revenues from our various divisions, we will not be able to earn profits or
continue operations. There is no history upon which to base any assumption as to
the likelihood that we will prove successful, and we can provide investors with
no assurance that we will generate any operating revenues or ever achieve
profitable operations. If we are unsuccessful in addressing these risks, our
business will most likely fail. We may not be able to sell our products In the
event that our products are successful, we may be unable to sell our products.
There can be no assurance that we will be able to sell our products at all, or
enough at prices to maintain operations. We may suffer product liability from
manufacturing defects In the event that our products are successful, we may
suffer substantial product liability from mass manufacturing due to defects.
There can be no assurance that all products will function properly. We do not
currently maintain insurance for our products and product liability resulting
from manufacturing defects. Our manufacturers agreed to replace all defective
products at their expense. If there is a market for our common stock, our stock
price may be volatile If there's a market for our common stock, we anticipate
that the market price of our common stock will be subject to wide fluctuations
in response to several factors, including:

1) actual or anticipated variations in our results of operations;
2) our ability or inability to generate new revenues;
3) increased competition; and
4) conditions and trends in the technology industry.

<PAGE>

Further, because our common stock is traded on the NASD over-the- counters
bulletin board, our stock price may be impacted by factors that are unrelated or
disproportionate to our operating performance. These market fluctuations, as
well as general economic, political and market conditions, such as recessions,
interest rates or international currency fluctuations may adversely affect the
market price of our common stock.

Our shares constitute penny stock

The shares of our common stock constitute penny stock under the Securities and
Exchange Act. The shares will remain penny stock for the foreseeable future. The
classification of penny stock makes it more difficult for a broker-dealer to
sell the stock into a secondary market, which makes it more difficult for a
purchaser to liquidate his or her investment. Any broker-dealer engaged by the
purchaser for the purpose of selling his or her shares in Claremont Technologies
Corp will be subject to rules 15g-1 through 15g-10 of the Securities and
Exchange Act. Rather than creating a need to comply with those rules, some
broker-dealers will refuse to attempt to sell penny stock.

Bankruptcy

Unless a viable plan of reorganization is confirmed in the bankruptcy court, or
outside investors or lenders otherwise invest or lend sufficient funds to the
Company, we may have our case converted back to a Chapter 7 and our assets
liquidated. If this were to occur, creditors would likely receive pennies on the
dollar for their claims, and there would be no funds left to distribute to our
shareholders.

Additionally, four petitioning creditors have submitted a motion to convert the
pending chapter 11 to a liquidating chapter 7. The court is to hear this motion
on March 8th 2006.The motion to convert states the liquidated value of the
Company to be approximately $16,000 USD accordingly, the Company will vigorously
oppose this motion to liquidate the estate and will continue its on going
efforts to retain the contingent assets of the company for the benefit of the
creditors and shareholders. Its only as an ongoing viable operating enterprise
cans these assets be fully recognized and provide significant return to
creditors and other stakeholders. Included in these significant cotangent assets
is the branding value associated with the testimonial support of the
professional athletics for the Safe Cell Tab brand product offerings, which
whose value is contingent upon the successful reorganization of the debtors.
Within the bankruptcy process and or upon liquidation, this significant
marketing asset has no value. Furthermore, the tradability of the company shares
and access this provides to public and private financing to the company's
ongoing business initiatives is a significant asset contingent upon the
successful emergence of the company from the bankruptcy process, either through
dismissal or confirmation of a plan of reorganization.

ITEM 7. FINANCIAL STATEMENTS

Our financial statements are stated in United States dollars and are prepared in
accordance with the United States generally accepted accounting principles. The
audited financials statements ended September 30, 2005, the independent
auditor's report, and the notes to the financial statements are attached as
Exhibit 13 with this filing.

<PAGE>

Index to Financial Statements:

1.    Independent Auditors' Report;
2.    Audited Financial Statements
a.    Balance Sheets as at September 30, 2005 and 2004;
b.    Statements of Changes in Capital Deficit for the period from September 14,
      1999 (inception) to September 30, 2005;
c.    Statements of Operations for the years ended September 30, 2005 and 2004
      and for the cumulative period from September 14, 1999 (inception) to
      September 30, 2005
d.    Statements of Cash Flows for the years ended September 30, 2005 and 2004
      and for the cumulative period from September 14, 1999 (inception) to
      September 30, 2005;
e.    Summary of Significant Accounting Policies
f.    Notes to Financial Statements.

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE

On March 10, 2005, pursuant to a resolution of the Board of Directors, the
Company recommending, approving and directing the action, the Company engaged
the accounting firm of Madsen & Associates, CPA's Inc., as its principal
accountant to audit its financial statements for the quarter year ended December
31, 2004, and those of is subsidiaries. Madsen & Associates, CPA's Inc. shall
replace Morgan & Company, which had previously served as the Company's
independent accountants. The Company executed the engagement letter with Madsen
& Associates, CPA's Inc. on March 21, 2005.

Morgan & Company, the Company's independent accountant prior to March 15, 2005
had not resigned or declined to stand for re-election, the Company's Board of
Directors concluded to dismiss them and change to a firm with Salt Lake City
offices.

The reports of Morgan & Company on the financial statements for the years ended
September 30, 2004 did not include any adverse opinion or disclaimer of opinion,
or any qualification or modification as to uncertainty, audit scope or
accounting principles.

During the year ended September 30, 2004, and through the date of this report,
there were no disagreements with Morgan & Company on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedure.

<PAGE>

The Company has authorized Morgan & Company to respond fully to any inquiries of
Madsen & Associates, CPA's Inc.

As stated above, there are no reportable events as defined in Regulation S-B
Item 304(a)(1)(iv) that Morgan & Company advised the Company of during the
period of their engagement.

ITEM 8A. CONTROLS AND PROCEDURES

(a) Evaluation of disclosure controls and procedures. Our chief executive
officer and our principal financial officer, after evaluating the effectiveness
of the Company's "disclosure controls and procedures" (as defined in the
Securities Exchange Act of 1934 Rules 13a-15(e) and 15d-15(e)) as of the end of
the period covered by this quarterly report (the "Evaluation Date"), has
concluded that as of the Evaluation Date, our disclosure controls and procedures
were adequate and designed to ensure that material information relating to us
and our consolidated subsidiaries would be made known to him by others within
those entities.

(b) Changes in internal control over financial reporting. There were no
significant changes in our internal control over financial reporting during our
most recent fiscal quarter that materially affected, or is reasonably likely to
materially affect, our internal control over financial reporting.

PART III

ITEM 9. DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS; COMPLIANCE
WITH SECTION 16(A) OF THE EXCHANGE ACT

Board of Director Members:

As of September 30, 2005 the Company's Board of Directors was comprised of the
following three (3) board members:

Mr. Gus Rahim - Chairman
Mr. Trevor Bentley - Director
Dr. William Russell- Director

On August 12, 2005, Dan Steer resigned from the Board of Directors
On August 12, 2005, Trevor Bentley was reappointed to the Board of Directors
On August 12, 2005, Gus Rahim was appointed to the Board of Directors as
  Chairman
On August 12, 2005, Ted Kosturos resigned from the Board of Directors
On November 12, 2004, Trevor Bentley and Lorne Chomos resigned from the Board of
  Directors of the Company. Prior to the resignations by Mr. Bentley and Mr.
  Chomos, the Board of Directors consisted of three members. The Board of
  Directors subsequently appointed Mr. Ted Kosturos and Dr.William Russell to
  fill the vacant positions created by Mr. Bentley's and Mr. Chomos' resignation
  effective November 12, 2004. Mr. Ted Kosturos was also appointed as the
  Company's new Corporate Secretary.

<PAGE>

The following table sets forth the name, age and position of each of the current
directors and executive officers of Claremont at January 15,2006:

Name                     Age  Position
--------------------------------------------------------------------
Mr. Gus Rahim            45   Chief Executive Officer, Chairman

Gus Rahim is the owner and President of the Ontario Driving School of London
Inc. operating as Ontario Truck Driving School (OTDS), the owner and General
Manger of Canadian Centre for Decision Driving (CCDD) and the owner and
President of Payless Auto Leasing and Sales Inc.

Mr. Rahim is also the founding member of the Truck Training Schools Association

Name                     Age  Position
--------------------------------------------------------------------
Dr. William Russell      --   Director

Dr. William Russell received his Doctor of Chiropratic from the Canadian
Memorial Chiropractic College in Toronto, Ontario, Canada in 1981. He also
received his Doctor of Naturopathetic Medicine from the Canadian Naturopathic
College in Toronto, Ontario, Canada in 1989. He served on the board of the
British Columbia Chiropractic Asociation from 1984 to 1986. He was an elected
officer of the Association of Naturapathic Physicians of British Columbia from
1990 to 1992 and served as Chairman of the Ethics Committee in 1995. Dr.William
Russell currently has his own practice in White Rock, BC Canada since 1987. Dr.
Russell has been involved in the health care education for many years providing
seminars and lectures relating to stress management, body balance nutritional
systems, rife technology, diet and other health related issues.

Name                     Age  Position
--------------------------------------------------------------------
Mr. Trevor Bentley       --   Director

TERM OF OFFICE

<PAGE>

Our officers are appointed for a one-year term to hold office until the next
annual general meeting of our shareholders or until removed from office in
accordance with our bylaws. Our officers are appointed by our board of directors
and hold office until removed by the board.

SECTION 16(a) BENEFICIAL OWNERSHIP REPORTING COMPLIANCE

As of September 30, 2005, Mr. Steer failed to file on a timely basis, the
identified reports required by Section 16(a) of the Exchange Act during the most
recent fiscal year:

                               Number   Transactions   Known Failures
                              Of late    Not Timely      To File a
Name and principal position   Reports     Reported     Required Form
---------------------------   -------  --------------  --------------
Daniel Steer
Chairman                         0            0               0
& CEO

Mr. Steer failed to file Forms 3 or 4, and will be filing a Form 5 post haste.

ITEM 10. EXECUTIVE OFFICERS COMPENSATION

The table below summarizes all compensation awarded to, earned by, or paid to
our executive officers by any person for all services rendered in all capacities
to us for the fiscal year ended September 30, 2005. No officers or directors
received annual compensation in excess of $100,000 during the last two complete
fiscal years.

               Fiscal Year 2005 Officers Annual Compensation Table

<TABLE>
<CAPTION>
                                    Annual Compensation                      Long Term Compensation
                                 -------------------------            -----------------------------------
                                                              Other
                                                             Annual                                           All
                                                             Compen-  Restricted                             Other
                                                             sation     Stock      Options/     LTIP        Compen-
Name             Title           Year   Salary       Bonus   (stock)   Awarded     SARs (#)  payouts ($)     sation
---------------  -------------   ----   -------      -----   -------  ----------   --------  ------------   --------
<S>                              <C>    <C>          <C>     <C>      <C>          <C>       <C>            <C>
Daniel J. Steer  Chairman, CEO   2005   $  1800(1)       0         0           0          0             0          0

Gus Rahim        President       2005   $  0.00          0         0           0          0             0

Trevor Bentley   Director        2005   $  0.00          0         0           0          0             0

Dr. William      Director               $  0.00          0         0           0          0             0
</TABLE>

<PAGE>

Employment/Consulting Agreements

Mr. Steer provides his services to us on a part-time basis. Effective October 1,
2003, until his resignation in August 2005, the Company has been paying Mr.
Steer a management fee in the amount of $1,000 per month. Due to the Company's
financial condition, Mr. Steer's management fees have not been paid and instead
have been accrued as an expense through August 2005.

There are no arrangements or plans in which we provide pension, retirement or
similar benefits for directors or executive officers, except that our directors
and executive officers may receive stock options at the discretion of our board
of directors. We do not have any material bonus or profit sharing plans pursuant
to which cash or non-cash compensation is or may be paid to our directors or
executive officers, except that stock options may be granted at the discretion
of our board of directors.

Committees of the Board

We do not have an audit or compensation committee at this time.

Director Compensation

We do not have a compensation committee. We may reimburse our directors for
expenses incurred in connection with attending board meetings but did not pay
director's fees or other cash compensation for services rendered as a director
in the year ended September 30, 2005.

We have no formal plan for compensating our directors for their service in their
capacity as directors. The board of directors may award special remuneration to
any director undertaking any special services on behalf of our company other
than services ordinarily required of a director. No director received and/or
accrued any compensation for his or her services as a director, including
committee participation and or past assignments.

The Company did not adopt any compensation committee or compensation policies.
See "Certain Relationships and Related Transactions." Other than as detailed
above, the Company has no stock option, retirement, incentive, defined benefit,
actuarial, pension or profit-sharing programs for the benefit of directors,
officers or other employees, but the Board of Directors may recommend adoption
of one or more such programs in the future.

ITEM 11. SECURTIY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

<PAGE>

The following table sets forth, as of September 30, 2005, Claremont's
outstanding common stock owned of record or beneficially by each executive
officer and director and by each person who owned of record, or was known by the
Company to own beneficially, more than 5% of its common stock, and the
shareholdings of all Executive Officers and Directors as a group. Each person
has sole voting and investment power with respect to the shares shown.

As of September 30, 2005 the total number of issued and outstanding common
shares in the Company was 25,000,000. 5% of which equals 1,250,000 shares. Below
represent the share positions of all officers and directors of the Company as of
February 15, 2006

CURRENT OFFICERS AND DIRECTORS

Common Stock

Gus Rahim(1)                            Nil shares         Nil%
Director, Secretary and
Chief Executive Officer
288 Horton Street
London, ON N6B 1L4

Dr. William Russell                     Nil shares
2579 140th Street
Surrey, B.C V4P 2L9

Trevor Bentley                          35,000 shares
235-6540 Hastings Street
Burnaby, B.C V5B 4Z5
                                        --------------     -------
                                        Nil shares         Nil%

Total combined share position of all
executive Officers and directors as
a group consists of two (3) persons     Nil shares         Nil%

5%  STOCKHOLDERS

Common Stock

DJ Modern Mill Consultants Inc.         3,151,000 Shares   12.6%
1374 Cartier Place,
Vancouver, BC V6P 2W9
--------------------------------------------------------------------

DJ Modern Mill Consultants Inc. is owned and operated by Mr. Dan Steer,
President, whom is the sole controlling shareholder of DJ Modern Mill
Consultants Inc. DJ Modern Mill Consultants Inc., holds a 7.9% interest of
Common stock in Claremont Technologies.

<PAGE>

Brent Mclean                            1,323,000          5.3%
2991 Fleet Street
Coquitlam, B.C V3C 3R9

Francis Mclean                          1,323,000          5.3%
2991 Fleet Street
Coquitlam, B.C V3C 3R9

Ken Pappas                              2,032,000          8.1%
5791 Gibbons Drive
Richmond, B.C V7C 2C9

Dan Steer                               2,401,000          9.6%
1374 Cartier Place
Vancouver, B.C V6P 2W9

Except as otherwise noted, it is believed by us that all persons have full
voting and investment power with respect to the shares indicated. Under the
rules of the Securities and Exchange Commission, a person (or group of persons)
is deemed to be a "beneficial owner" of a security if he or she, directly or
indirectly, has or shares the power to vote or to direct the voting of such
security, or the power to dispose of or to direct the disposition of such
security. Accordingly, more than one person may be deemed to be a beneficial
owner of the same security. A person is also deemed to be a beneficial owner of
any security, which that person has the right to acquire within 60 days, such as
options or warrants to purchase the common stock of Claremont.

ITEM 12. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

No director, executive officer or nominee for election as a director of the
Company and no owner of five percent or more of Claremont's outstanding shares
or any member of their immediate family has entered into or proposed any
transaction in which the amount involved exceeds $60,000 except as noted herein.

ITEM 13. EXHIBITS AND REPORTS ON FORM 8-K

(a) Exhibits and Index of Exhibits

Exhibit
Number      Description of Exhibit
---------   --------------------------------------------------------------
31.1        Certification 302, CEO (1)
31.2        Certification 906, CEO (1)
32.1        Certification 302, CEO (1) [I think these two are for the CFO]
32.2        Certification 906, CEO (1)
---------   --------------------------------------------------------------

(1) Attached as exhibit to the current Form 10-KSB

<PAGE>

(b) Reports on Form 8-K.

8-K filed November 12, 2004
8-K filed May 11, 2005
8-K filed June 13, 2005
8-K filed August 29, 2005

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

AUDIT FEES

The aggregate fees billed for each of the fiscal years ended September 30, 2005
and 2004for professional services rendered by the principal accountant for the
audit of Claremont's annual financial statements and review of the financial
statements included in the registrant's Form 10-QSB or services that are
normally provided by the accountant in connection with statutory and regulatory
filings or engagements for those fiscal years were estimated at $5,000 and
$5,000 respectively.

AUDIT RELATED FEES

None

TAX FEES

None

ALL OTHER FEES

None

      SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant
caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.

CLAREMONT TECHNOLOGIES CORP.

By:   /s/ Gus Rahim
      -----------------------
      Gus Rahim, President
      Date: February 14, 2006

<PAGE>ps

In accordance with the Securities Exchange Act of 1934, this report has been
signed below by the following persons on behalf of the registrant and in the
capacities and on the dates indicated.

By:   /s/ Gus Rahim
      --------------------------------------
      Gus Rahim, President
      Principal Accounting Officer, director
      Date: February 14, 2006

<PAGE>

MADSEN & ASSOCIATES. CPA's INC.                           684 East Vine St. #3
-------------------------------                           Murray, Utah 84107
Certified Public Accountants and                          Telephone 801-268-2632
Business Consultants                                      Fax 801-262-3978


Board of Directors
Claremont Technologies Corp. and Subsidiary
Vancouver B. C. Canada

               REPORT OF INDEPENDENT CERTIFIED PUBLIC ACCOUNTANTS

We have audited the accompanying balance sheet of Claremont Technologies Corp.
and Subsidiary (development stage company) at September 30, 2005, and the
related statement's of operations, stockholders' equity, and cash flows for the
year ended September 30, 2005 and the period September 14, 1999 (date of
inception) to September 30, 2005. These financial statements are the
responsibility of the Company's management. Our responsibility is to express an
opinion on these financial statements based on our audits.

We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit also includes assessing
the accounting principles used and significant estimates made by management as
well as evaluating the overall balance sheet presentation. We believe that our
audit provides a reasonable basis for our opinion.
We did not audit the balance sheet of the Company for the year ended September
30, 2004 and the related statement of operations, changes in stockholders'
equity, and cash flows for the year then ended. Those statements were audited by
other auditors whose report has been furnished to us and our opinion insofar as
it relates to the amounts included for the Company, is based solely on the
report of the other auditors.

In our opinion, based on our audit and the report of other auditors, the
financial statements referred to above present fairly, in all material respects,
the financial position of Claremont Technologies Corp. and Subsidiary at
September 30, 2005, and the results of operations, and cash flows for the year
ended September 30, 2005 and the period September 14, 1999 (date of inception)
to September 30, 2005 in conformity with accounting principles generally
accepted in the United States of America.

The accompanying financial statements have been prepared assuming that the
Company will continue as a going concern. The Company does not have the
necessary working capital to service its debt and for its planned activity,
which raises substantial doubt about its ability to continue as a going concern.
Management's plans in regard to these matters are described in the notes to the
financial statements. These financial statements do not include any adjustments
that might result from the outcome of this uncertainty.



Murray, Utah                            s\Madsen & Associates, CPA's Inc.
February 15, 2006


<PAGE>



                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                           (Development Stage Company)
                           CONSOLIDATED BALANCE SHEET
                               September 30, 2005

--------------------------------------------------------------------------------


ASSETS
CURRENT ASSETS

         Cash                                                      $        223
    Inventory for sale                                                   13,387
                                                                   ------------
        Total Current Assets                                       $     13,610
                                                                   ============


LIABILITIES AND STOCKHOLDERS' DEFICIENCY
CURRENT LIABILITIES

    Accounts payable - related parties                             $    174,032
         Accounts payable                                               293,829
                                                                   ------------
             Total Current Liabilities                                  467,861
                                                                   ------------

STOCKHOLDERS' DEFICIENCY

   Common stock
       25,000,000 shares authorized  at $.001 par value;             25,000,000
shares issued and outstanding                                            25,000
         Capital in excess of par value                                 664,908
    Accumulated deficit during development stage                     (1,144,159)
                                                                   ------------
              Total Stockholders'  Deficiency                          (454,251)
                                                                   ------------
                                                                   $     13,610
                                                                   ============







    The accompanying notes are an integral part of these financial statements


<PAGE>






                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                           (Development Stage Company)
                      CONSOLIDATED STATEMENT OF OPERATIONS

  For the Years Ended September 30, 2005 and 2004 and the period September 14,
                 1999 (date of inception) to September 30, 2005


--------------------------------------------------------------------------------


                                  Sept 30,       Sept 30,       Sept 14, 1999
                                    2005           2004       to Sept 30, 2005
------------------------------- -----------    -----------    ----------------

REVENUES                        $    14,071    $     1,476    $         59,585
                                -----------    -----------    ----------------

EXPENSES

   Amortization of web site           5,626          2,352              12,478
   Administrative                   100,314        160,910             472,967
                                -----------    -----------    ----------------
                                    105,940        163,262             485,445
                                -----------    -----------    ----------------

NET LOSS - from operations          (91,869)      (161,786)           (425,860)

OTHER  EXPENSE

    Good will expensed                 --         (684,992)           (684,992)
     Interest expense                  --          (18,304)            (33,307)
                                -----------    -----------    ----------------

NET LOSS                        $   (91,869)   $  (865,082)   $     (1,144,159)
                                ===========    ===========    ================


NET LOSS PER COMMON
   SHARE
   Basic and diluted            $      --      $      (.04)
                                -----------    -----------

AVERAGE  OUTSTANDING
    SHARES
     Basic (stated in 1,000's)       25,000         20,660
                                -----------    -----------


    The accompanying notes are an integral part of these financial statements


<PAGE>






                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                          ( Development Stage Company)
           STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY - (deficiency)
              For the Period September 14, 1999 (Date of Inception)
                              to September 30, 2005


--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                           Common Stock   Capital in
                                                           ------------   Excess of     Accumulated
                                                Shares        Amount      Par Value       Deficit
                                             -----------   ------------  -----------    -----------
<S>                                          <C>           <C>           <C>            <C>
Balance September 14,  1999                           --   $        --   $        --    $        --

Issuance of common stock for cash
    - August 2, 2000                           6,400,000         6,400        (4,400)            --
Issuance of common stock for cash
    - August 31, 2000                          9,600,000         9,600        20,400             --
Issuance of common stock for cash
    - September 26, 2000                         320,000           320        19,680             --
Net operating loss for the year
    ended September 30, 2000                          --            --            --        (28,687)
Net operating loss for the year ended
    September 30, 2001                                --            --            --        (43,597)
Net operating loss for the year ended
    September 30, 2002                                --            --            --        (67,767)
Net operating loss for the year ended
    September 30, 2003                                --            --            --        (47,157)
Issuance of common stock for all stock
    of Safe Cell Tab Inc. - March 31, 2004     8,680,000         8,680       629,228             --
Net operating loss for the year ended
    September 30, 2004                                --            --            --       (865,082)
                                             ------------------------------------------------------
Balance September 30, 2004                    25,000,000        25,000       664,908     (1,052,290)

Net operating loss for the year ended
   September 30, 2005                                 --            --            --        (91,869)
                                             ------------------------------------------------------
Balance September 30, 2005                    25,000,000   $    25,000   $   664,908    $(1,144,159)
                                             ===========   ===========   ===========    ===========
</TABLE>









   The accompanying notes are an integral part of these financial statements.


<PAGE>



                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                           (Development Stage Company)
                      CONSOLIDATED STATEMENT OF CASH FLOWS
         For the Years Ended September 30, 2005 and 2004 and the Period
          September 14, 1999 (date of inception ) to September 30, 2005

--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
                                                       Sept 30,       Sept 30,     Sept 14, 1999
                                                         2005           2004      to Sept 30, 2005
---------------------------------------------------  -----------    -----------   ----------------
<S>                                                  <C>            <C>                <C>
CASH FLOWS FROM OPERATING ACTIVITIES

   Net income (loss)                                 $   (91,869)   $  (865,082)       $(1,144,159)
       Adjustments to reconcile net loss to
       net cash provided by operating
       activities

           Goodwill expensed                                  --        684,992            684,992
           Amortization                                    5,626          2,352             12,478
           Changes in other assets                                        9,586             13,795
           Changes in inventory                          (13,387)         3,639            (13,387)
           Changes in notes and accounts payable          99,408         73,741            406,982
                                                     -----------    -----------   ----------------

               Net Changes in Cash from Operations          (222)       (90,772)           (39,299)
                                                     -----------    -----------   ----------------


CASH FLOWS FROM INVESTING ACTIVITIES
           Web site costs                                     --         (5,478)           (12,478)
                                                     -----------    -----------   ----------------

CASH FLOWS FROM FINANCING ACTIVITIES
           Proceeds from note payable                         --         94,275                 --
           Proceeds from issuance of common stock             --             --             52,000
                                                     -----------    -----------   ----------------

   Net Increase (Decrease) in Cash                          (222)        (1,975)               223

   Cash at Beginning of Period                               445          2,420                 --
                                                     -----------    -----------   ----------------

   Cash at End of Period                             $       223    $       445        $       223
                                                     ===========    ===========   ================




OTHER DISCLOSURES

   Interest expense                                           --         18,304             33,307
                                                     -----------    -----------   ----------------
</TABLE>





   The accompanying notes are an integral part of these financial statements.


<PAGE>






                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                          NOTES TO FINANCIAL STATEMENTS
                               September 30, 2005

--------------------------------------------------------------------------------

1. ORGANIZATION

The Company was incorporated on September 14, 1999 under the laws of the State
of Nevada with 25,000,000 common shares with a par value of $.001. The Company
is a development stage company and has been developing an internet computer
software program known as "Clear Switch". The "Clear Switch" computer software
program was being designed to automate the process of submission of internet web
page information to major internet search engines and consulting services
relating to the installation, maintenance and upgrades of wireless computer
systems, however, these activities have been suspended due to insufficient
funding.

The Company acquired a wholly owned subsidiary "Safe Cell Tab Inc." on August
22, 2003 for the purpose of pursuing the marketing and sales of the "Safe Cell
Tab". The Safe Cell Tab is a small, thin, oval shaped device designed
specifically to help protect the users of cell phones, cordless phones, laptops,
microwaves and any other hand held devices from the potentially harmful effects
of electronic radiation which is emitted from these and other electronic
devices.

During 2003 the Company completed a forward stock split of 3.2 shares for each
outstanding share. This report has been prepared showing post split shares from
inception.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Accounting Methods

The Company recognizes income and expenses based on the accrual method of
accounting.

Dividend Policy

The Company has not adopted a policy regarding payment of dividends.

Income Taxes

The Company utilizes the liability method of accounting for income taxes. Under
the liability method deferred tax assets and liabilities are determined based on
the differences between financial reporting and the tax bases of the assets and
liabilities and are measured using the enacted tax rates and laws that will be
in effect, when the differences are expected to reverse. An allowance against
deferred tax assets is recorded, when it is more likely than not, that such tax
benefits will not be realized.

On September 30, 2005 the Company had a net operating loss available for carry
forward of approximately $1,144,159. The income tax benefit from the loss carry
forward has not been determined because there has been a substantial change of
stockholders.


<PAGE>


                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                               September 30, 2005

--------------------------------------------------------------------------------

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Basic and Diluted Net Income (Loss) Per Share

Basic net income (loss) per share amounts are computed based on the weighted
average number of shares actually outstanding. Diluted net income (loss) per
share amounts are computed using the weighted average number of common shares
and common equivalent shares outstanding as if shares had been issued on the
exercise of any common share rights unless the exercise becomes antidilutive and
then only the basic per share amounts are shown in the report.

Foreign Currency Translation

Part of the transactions of the Company were completed in Canadian dollars and
have been translated to US dollars as incurred, at the exchange rate in effect
at the time, and therefore, no gains or losses are recognized from the
translations. US dollars are considered to be the functional currency.

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the
Company and its subsidiary from its acquisition date. All significant
intercompany accounts and balances have been eliminated in the consolidation.

Financial Instruments

The carrying amounts of financial instruments are considered by management to be
their estimated fair values due to their short term maturities.

Estimates and Assumptions

Management uses estimates and assumptions in preparing financial statements in
accordance with generally accepted accounting principles. Those estimates and
assumptions affect the reported amounts of the assets and liabilities, the
disclosure of contingent assets and liabilities, and the reported revenues and
expenses. Actual results could vary from the estimates that were assumed in
preparing these financial statements.

Financial and Concentrations Risk

The Company does not have any concentration or related financial credit risk.

Revenue Recognition

Revenue is recognized as income on the sale and delivery of a product or the
completion of a service provided.






<PAGE>



                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                               September 30, 2005

--------------------------------------------------------------------------------

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued)

Advertising and Market Development

The company expenses advertising and market development costs as incurred.

Amortization of Web Site

Costs of the preliminary development of the web site are expensed as incurred
and costs of the application and post-implementation are capitalized and
amortized over the useful life of the fully developed web site.

Reclassifications  and  Restatements

Certain reclassifications and restatements have been made to the September 30,
2004 financial statements to conform with the September 30, 2005 financial
statements.

Recent Accounting Pronouncements

The Company does not expect that the adoption of other recent accounting
pronouncements will have a material impact on its financial statements.

3. ACQUISITION OF SAFE CELL TAB INC.

On August 22, 2003, and amended on March 31, 2004, the Company (parent) acquired
all of the outstanding shares of Safe Cell Tab Inc. (subsidiary) by issuing
8,680,000 common shares of the parent. After the exchange the former
shareholders of the subsidiary held 34.7 % of the parent.

Safe Cell Tab Inc. was organized in British Columbia, Canada during 1989. The
only significant asset Safe Cell had was the contractual rights for the
exclusive use of a patent for the manufacture and marketing of a "Safe Cell
Tab".

The transaction was accounted for as a purchase which resulted in good will. The
Company's consolidated financial statements include the operations of the
subsidiary for the period beginning after the date of acquisition.

The fair value of the parent's stock given in the exchange was considered to be
$637,908 (restated from $954,800) and the fair value of the stock of the
subsidiary or its assets was undeterminable and , therefore, it was considered
to be the book value.

The purchase price of the subsidiary has been allocated to the assets and
liabilities of the subsidiary as follows;



<PAGE>



                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                               September 30, 2005

--------------------------------------------------------------------------------

3. ACQUISITION OF SAFE CELL TAB INC. - continued

Total value of 8,680,000 common shares issued                    $     637,908
        (restated from $954,800)                                 -------------

Purchase price allocation
     Patents rights                                                         --
     Other  assets                                                      13,795
     Liabilities                                                       (60,879)
     Goodwill (restated from $1,001,884)                               684,992
                                                                  ------------
                                                                       637,908





<PAGE>



The company uses the discounted cash flows approach to value good will and since
the subsidiary has no operations the good will has been expensed.

Included in the agreement of acquisition with the prior stockholders of the
subsidiary was a provision that liabilities of $316,892 due by the parent and
the subsidiary would be paid or otherwise settled before the acquisition. These
liabilities were not settled before the acquisition and the management , with
legal council, believe the Company would be successful in any action against the
prior stockholders.

4. BANKRUPTCY

On March 25th, 2005 two of the Company's note holders filed an involuntary
petition of bankruptcy against the Company under Chapter 11 of the United States
Code. They were subsequently joined by two other note holders. The Company
answered and denied various allegations of the Petition. The parties conducted
extensive discovery and on June 7, 2005 a hearing was held in the United States
Bankruptcy Court for the District of Nevada, and the parties announced that they
were working towards a tentative settlement which would result in a
restructuring of the Company's liabilities and may change the provision stated
above in note 3. However, four petitioning creditors have submitted a motion to
convert the pending Chapter 11 to a liquidating Chapter 7. The court is to hear
this motion on March 8, 2006. The motion to convert states the liquidated value
of the Company to be approximately $16,000 and if this motion was successful the
assets of the Company would be lost. The Company will oppose this motion to
liquidate and will continue its efforts to retain its stated assets for the
benefit of the creditors. Any other contingent asset of the Company, that may
have a value, due to the branding value associated with the testimonial support
of professional athletes, are contingent upon the successful reorganization of
the debtors, otherwise there would be no value





<PAGE>


                   CLAREMONT TECHNOLOGIES CORP AND SUBSIDIARY
                    NOTES TO FINANCIAL STATEMENTS (Continued)
                               September 30, 2005

--------------------------------------------------------------------------------

5. SIGNIFICANT TRANSACTIONS WITH RELATED PARTIES

Officers-directors and other controlling parties have acquired 23% of the
outstanding common stock and have made demand, no interest, loans to the Company
of $174,032.

6. GOING CONCERN

The Company does not have the necessary working capital to service its debt and
for its planned activity, which raises substantial doubt about its ability to
continue as a going concern.

Continuation of the Company as a going concern is dependent upon obtaining
additional working capital and the management of the Company has developed a
strategy, which it believes will accomplish this objective through additional
loans from officers, if needed, equity funding, and the expectation of a
favorable conclusion from the bankruptcy filing shown in note 4. Officers of the
Company believe that the sale of the inventory and additional loans from related
parties, if needed, will provide sufficient working capital necessary to conduct
operations for the coming year.