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, 2004



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 _____ TO _____



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.)





1374 Cartier Place,

Vancouver, BC                                     V6P 2W9

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

(Address of principle executive offices)        ( Zip Code)



Issuer's telephone number:  (604) 647-3447

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



Former Name and Address:



Suite 2120, 1066 West Hastings Street

Vancouver, British Columbia, Canada  V6E 3X3



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]



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 NIL.



The aggregate market value of the voting common stock held by non-

affiliates of the Registrant as of January 26, 2004 is $9,955,200.

At January 26, 2003 our stock's closing price was $0.61 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

FEBRUARY 15, 2005 AND 25,000,000 ARE OUTSTANDING.



Transitional Small Business Disclosure Format (check one):

Yes [ ] No [ x ]









PART 1



Certain statements contained in this Form 10-KSB constitute

"forward-looking statements" within the meaning of Section 27A of

the Securities Act of 1933,as amended (the "Securities Act"), and

Section 21E of the Exchange Act. These statements, identified by

words such as "plan", "anticipate," "believe," "estimate," "should,"

"expect" and similar expressions, include our expectations and

objectives regarding our future financial position, operating

results and business strategy. These statements reflect the current

views of management with respect to future events and are subject to

risks, uncertainties and other factors that may cause our actual

results, performance or achievements, or industry results, to be

materially different from those described in the forward-looking

statements. Such risks and uncertainties include those set forth

under the captions "Description of Business", "Management's

Discussion and Analysis or Plan of Operation" and elsewhere in this

Form 10-KSB. We do not intend to update the forward-looking

information to reflect actual results or changes in the factors

affecting such forward-looking information.



ITEM 1.  DESCRIPTION OF BUSINESS



Background



We were incorporated on September 14, 1999 under the laws of the

state of Nevada. 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, to be completed by

October 2003. The Company's plans were to integrate the software

with the website, so it can 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.



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.



On August 22, 2003, a share exchange agreement between Claremont

Technologies Corp. and the shareholders of Safe Cell Tab, Inc.("SCT"),

was executed so the Company can acquire 100% of the shares of Safe Cell

Tab Inc. making it a wholly owned subsidiary. As of March 31, 2004

An amendment to the share exchange agreement was executed by the parties.



GENERAL



The share exchange agreement of Safe Cell Tab, Inc. was undertaken

as a means of complimenting, augmenting and extending the early stage

activities and business plans of the Company.  The SCT share exchange

agreement will result in the addition of gross revenues to the

consolidated balance sheet of the Company, as a result of sales from

the Safe Cell Tab products, and the acquisition of a master distributor

Wi-Fi License which had been acquired and paid for by Safe Cell Tab,

Inc.



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 such as

palm pilots from the potentially harmful and damaging effects of

electromagnetic radiation (electromagnetic frequencies or "EMF")

which is emitted from these and other electrical devices. The Safe

Cell tab simply adheres to the back of the cell phone or electronic

device where the waves are absorbed by a conductive fibrous material

called 'Shieldron'. The product is designed to reduce the biological

effects of long term exposure to EMF.



The Safe Cell tab was designed and patented by a South Korean

manufacturing company named Milae Electronics [Korean Patent

#094419] and is now 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 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 not only help protect humans but also to

prevent malfunctioning of devices and damaging effects of EMF

radiation.



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.



Recently, 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 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. To assist in the commercial roll out of the

Brilan's technology, the Company may enlist services of other Wi-Fi

companies. SCT's latest 802.11b Wi-Fi technology license is

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 plans

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 will be 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

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 fiscal 2004 fiscal

year. Our ability to continue with the business plan is contingent

upon our obtaining additional capital to assist in developing the

concept and the new operational plan. 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

being able to obtain funding for the development and

commercialization of our products and services.  We plan to commence

an offering in the form of equity financing from the sale of our

common stock in the principal amount of up to $500,000 to persons

who are "accredited investors" in private placement transactions.

There is no assurance we will be able to raise any funds through

this offering.



SUBSIDIARIES



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 Safe Cell Tab makes it a

wholly owned subsidiary of the Company.  With the acquisition of

Safe Cell Tab, Inc., the Company can further evaluate, develop,

manage, fund and exploit the commercialization, sub-license and

commercial sale of these assets.



PATENTS AND TRADEMARKS



As of the fiscal year end September 30, 2003, we do not legally own

any patents or trademarks.  However, we do currently own the

internet domain of www.claremonttechnologies.com.



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 to acquire 12,500 units of Mobius phones

on October 27, 2003. To date, the Company has not taken possession of

these Mobius phones as the process of FCC testing and full scale

production has been delayed by Forward Path.  Formal review with

respects to this matter is being investigated.





On December 11, 2003 and with the prior written permission from Safe

Cell Tab, Inc., 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 is now responsible

for managing the e-commerce sales which have just started to occur 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 has 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.

This process is not yet complete and is still ongoing.  The Company

anticipates that this ongoing costs will not exceed $3,750 and

expects ongoing internet maintenance and support costs to be

approximately $300 per month.



In October 2003, the Company expended $60,000 to a company named

Forward Path LLC of Overland Park, Kansas as a partial up-front cash

payment to acquire a stocking inventory of the Mobius phone along

with the exclusive rights to market and sell Mobius phones into

various vertical channel markets and retailers associated with the

US electronics market.



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



- various manufacturers of Wi-Fi hardware and software components;

- 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

- 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 Companies Safe Cell Tab products



- distributors and re-sellers of cell phones and accessories;

- online retailers of cell phones;

- independent online retailers specializing in cellular phone

accessories and alternative health products;

- mail-order and catalog retailers of cellular phone accessories,

some of which have already developed online retail outlets;

- direct sales organizations;

- electronic stores specializing in communications and computer

equipment;

- 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.



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 mandate 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 divsion'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

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.



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.



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



Claremont is a development stage company that currently has one

employee. The Company is currently managed by Mr. Dan Steer,

Chief Executive Officer. Mr. Steer is a part-time employee. As soon as

time and finances permit, the Company plans to hire additional

employees for its US based operations especially in the areas of

finance, sales, marketing and investor/public relations.  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.  Claremont may also

choose to outsource some of its marketing roles by utilizing a

series of independent contractors based on the projected size of the

market and the compensation necessary to retain qualified employees.



ITEM 2.  DESCRIPTION OF PROPERTY



The Company's head offices are located at 1374 Cartier Place,

Vancouver, BC, V6P 2W9 Canada. The Company's phone number is 604-

647-3447. We are currently sharing office space with Safe Cell Tab,

Inc.



ITEM 3.  LEGAL PROCEEDINGS



To the knowledge of the board of directors of Claremont, the Company

is not currently party to any legal proceeding or litigation and

none of our property is the subject of a pending legal proceeding.

We know of no other threatened legal proceeding against the Company.



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.



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, 2005, our stock's closing

price was $0.12 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:



<table>

HIGH              LOW

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


                                           <c>              <c>

2004*



First Quarter

$  0.88          $  0.30



Second Quarter                            $  0.47          $  0.17

Third Quarter                             $  0.67          $  0.12

Fourth Quarter                            $  1.23          $  0.28



</table>



* The prices are all "closing" prices and appear as approximate

figures and retroactively reflect the 3.2 for one stock split in

July 2003.



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,

2005. 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 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



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.



Recent Sales of Unregistered Securities



On August 22, 2003 we entered into a share exchange agreement with

the shareholders of Safe Cell Tab, Inc.  The acquisition of Safe Cell

Tab makes it a wholly owned subsidiary of the Company. The Company

is required to issue 1,000 shares of its common stock for each common

share of Safe Cell Tab's shares of shareholders on record as at August

22, 2003.  A total of 8,480,000 common shares were recently issued and

not outstanding to shareholders of Safe Cell Tab Inc.  The shares

issued constituted restricted securities under the United States

Securities Act of 1933 (the "1933 Act") and were issued pursuant to

an exemption from the registration requirements of the 1933 Act. None

of the securities issued were registered.



On September 26, 2000, we completed an offering of 100,000 shares of

our Common stock at a price of $0.20 per share to a total of 20

purchasers. The total amount we received form this offering was

$20,000.  We completed the offering pursuant to Regulation S of the

Securities Act. Each purchaser represented to us that he (she) was a

non-US person as defined in Regulation S.  We did not engage in a

distribution of this offering in the United States.  Each purchaser

represented his (her) intention to acquire the securities for

investment only and not with a view toward distribution. The shares

issued constituted restricted securities under the United States

Securities Act of 1933 (the "1933 Act") and were issued pursuant to

an exemption from the registration requirements of the 1933 Act.

None of the securities issued were registered.



On August 31, 2000, we completed an offering of 3,000,000 shares of

our Common stock at a price of $0.01 per share to a total of 14

purchasers. The total amount we received form this offering was

$30,000.  We completed the offering pursuant to Regulation S of the

Securities Act. Each purchaser represented to us that he (she) was a

non-US person as defined in Regulation S.  We did not engage in a

distribution of this offering in the United States.  Each purchaser

represented his (her) intention to acquire the securities for

investment only and not with a view toward distribution. The shares

issued constituted restricted securities under the United States

Securities Act of 1933 (the "1933 Act") and were issued pursuant to

an exemption from the registration requirements of the 1933 Act.

None of the securities issued were registered.



On July 28, 2000, we completed an offering of 2,000,000 shares of

our Common stock at a price of $0.001 per share to a total of one

director. The total amount we received form this offering was

$2,000.  We completed the offering pursuant to Regulation S of the

Securities Act. The director represented to us that he was a non-US

person as defined in Regulation S.  We did not engage in a

distribution of this offering in the United States.  The director

represented his intention to acquire the securities for investment

only and not with a view toward distribution.  The shares issued

constituted restricted securities under the United States Securities

Act of 1933 (the "1933 Act") and were issued pursuant to an

exemption from the registration requirements of the 1933 Act. None

of the securities issued were registered.



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,

2004. 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.



STATUS OF OPERATIONS



During the period up to September 30, 2004, the Company was

primarily engaged in the execution of the share exchange with the

Safe Cell Tab business. This exchange was effectuated on August 22,

2003 and amended March 31, 2004.  Since this time, the Company devoted efforts to establish a new business. Numerous organizational and re-structuring activities

have occurred along with a significant shift in the company's current

business focus.



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 setting up a company

structure which is capable of implementing its new business plan

which amongst other things, includes the completion of the share

exchange agreement and the operating and managing of the SCT.  The

Company anticipates that until these procedures are completed, it will

not generate revenues, and may continue to operate at a loss thereafter,

depending upon the performance of the business.



Subsequent to the fiscal year ending September 30, 2004, the Company

entered into material business arrangements in an attempt to further

promote its newly acquired business combinations and activities. 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 such as Dan Steer, and

minority shareholders would simply continue to own shares in the

resulting business.



LIQUIDITY AND CAPITAL RESOURCES



The Company remains in the development stage and since inception,

has experienced no significant change in liquidity or capital

resources or shareholders' equity. Up until September 30, 2004 the

company had not managed to generate any additional revenues or

funding.  The Company estimates that it will need additional capital

investment through private placement funding of approximately

$500,000 in order to generate positive cash flow from its operations

and to carry out its business plan. As of September 30, the company

has not secured any of these additional funds. Accordingly, there

can be no assurance that any additional funds will be available on

terms acceptable to the Company or at all.



If Claremont was able to raise the additional funding of $500,000 in

private placement transactions over the next twelve months to cover

its minimum cash requirements to persons who are "accredited

investors", it would be allocated as follows:



$ 300,000 to engage further managers and staff in the sales,

marketing and investor relations departments of our US

offices;

$  50,000 for outsourced advertising, graphic artwork and printing

of marketing materials;

$  75,000 for operational infrastructure costs including rent,

communications, consumable supplies and travel;

$  75,000 to acquire additional product inventory.



In the process of carrying out its business plan, the Company may

determine that it cannot raise sufficient capital to support any of

its business divisions on acceptable terms, or at all. The Company's

board of directors has a fiduciary duty to act in the best interests

of the corporation and its shareholders. The board of directors may

decide that it is in the best interests of the corporation and its

shareholders to liquidate the business, enter into a new line of

business or engage in a business combination with another business.



Other than those rights and assets which may enured to the Company as

a result of the share exchange agreement with Safe Cell Tab, Inc. on

August 22, 2003, the Company was not party to any contracts, letters

of intent, commitments or agreements and is not currently engaged in

active negotiations with respect to any acquisitions other than

those which have been otherwise described on its current websites.

Although the Company does not presently intend to enter into a new

line of business or business combination other than those which will

occur as a result of the SCT share exchange, it reserves the right to

change its mind in an attempt to either complement or accentuate its

current business initiatives.



The Company's financial statements are presented on a going concern

basis which contemplates the realization of assets and the

satisfaction of liabilities in the normal course of business.  At

September 30, 2004 we have been unsuccessful in our efforts to raise

additional capital to meet our plan of operations. Our cash position

as of September 30, 2004 was $445.  Since inception, we have

recognized no revenue.  We have accumulated operating losses of

$1,342,894  and we have a working capital deficiency of $336,094.  At

the present time, and over the next twelve months, our primary focus

will be to develop our new initiatives and operational plan, to

establish sales and to explore various methods for raising

additional funds.



We are presently in the development and promotional stages of our

business and we can provide no assurance that we will be successful

with our efforts to establish any revenue.  All required

administrative expenses are currently being paid by directors of the

Company subject to reimbursement. In order to pursue our existing

operational plan, we are dependent upon the continuing financial

support of creditors and stockholders until such time when we are

successful in raising equity capital to finance the operations and

capital requirements of the Company or until such time that we can

generate our own revenue from our various divisions.



RISK FACTORS



Dependence upon external financing



It is imperative that we raise additional capital to complete our

operational plan to promote and commercialize our newly acquired

business combinations and activities. We will also require funds to

sustain our business operations if we are not successful in earning

revenues from our various divisions. We estimate that we would

require additional funding of $500,000 to pursue our business

strategy. If we are unable to obtain equity financing upon terms

that our management deems sufficiently favourable, or at all, it

would have a material adverse impact upon our ability to expand our

current operational plan. Any sale of share capital will result in

dilution to existing shareholders.



Dependence on key management



Our success is highly dependent upon the continued services of Mr.

Dan Steer, our Chief Executive Officer. If Mr. Steer were to leave us,

it could have a materially adverse effect upon our business and

operations.  We anticipate entering into employment contract with

Mr. Steer but can provide no assurance that we will come to terms

for such employment agreements.



Dependence on market penetration of our products



Our internal market analysis has determined that there is a market

for our products within the electronics industry and related

cellular phone industry.  These markets are defined by a specific

customer demographic. If the Company's market analysis proves to be

incorrect and or inaccurate, this could have an adverse effect on

the Company's ability to successfully commercialize on its various

products and achieves its anticipated profitability. If we are

unsuccessful in addressing these risks, our business will most

likely fail.



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.



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 as 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.



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, 2004, the independent auditor's report, and the notes

to the financial statements are attached as Exhibit 13 with this

filing.





Index to Financial Statements:



1.     Independent Auditors' Report;



2.     Audited Financial Statements



a.   Balance Sheets as at September 30, 2004 and 2003;

b.   Statements of Changes in Capital Deficit for the

period from September 14, 1999 (inception) to September 30,

2004;

c.   Statements of Operations for the years ended

September 30, 2004 and 2003 and for the cumulative period from

September 14, 1999 (inception)to  September 30, 2004

d.   Statements of Cash Flows for the years ended

September 30, 2004 and 2003 and for the cumulative period from

September 14, 1999 (inception) to September 30, 2004;

e.   Summary of Significant Accounting Policies

f.   Notes to Financial Statements.





ITEM 8.  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING

AND FINANCIAL DISCLOSURE



None



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, 2004 the Company's Board of Directors was

comprised of the following three (3) board members:



Mr. Daniel J Steer - Chairman

Mr. Trevor Bentley - Director -  Resigned November 12. 2004

Mr. Lorne Chomos - Director -  Resigned November 12. 2004



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.

As of April 12, 2004, Trevor Bentley is the President and Chief Financial

Officer of the Company and Dan Steer is the Chief Executive Officer of the

Company.



On February 17, 2004, Trevor Bentley was elected by written consent from

shareholders holding a majority of the outstanding shares of the Company's

common stock to serve as Director.  The board of directors of the Company

subsequently appointed Lorne Chomos to serve as a Director.





On January 31, 2004, Dr. Andrew Willoughby resigned his position

as Director, President and Chief Operating Officer of the Company. As

of February 3, 2004 the Company currently has two directors.



On December 01, 2003 Mr. John Morita resigned his position as

Director and Chief Financial Officer of the Company, and Mr. Donald

Walker and Dr. Graham Willoughby resigned as Directors of the Company

on December 01, 2003.



The following table sets forth the name, age and position of each of

the current directors and executive officers of Claremont at February 15,2005:







Name                     Age  Position

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


                      <c>  <c>

Mr. Daniel J. Steer

70   Chief Executive Officer, Chairman



</table>



Mr. Daniel J. Steer - Chairman & CEO.   Over the past forty years,

Mr. Steer has been actively involved in almost every aspect of the

sales and marketing business - as a result of which, Mr. Steer has

created and managed literally dozens of sales and marketing programs for

companies ranging in size from  small enterprising private businesses to

much larger multinational conglomerates.  Mr. Steer started his career

in the Wholesale Lumber business, working very quickly up to National

Sales Manager (1954) for one of the largest lumber wholesalers in the

Pacific Northwest and then moved up to become General Manager of the

third largest wholesaler in North America. As a relentless entrepreneur,

Mr. Steer has created, founded, developed, managed and funded many, many

companies, spanning a wide range of industries that include mining,

lumber, high tech wireless communications, on-line debit card programs,

healthcare and sports related operations.  In 1989 Mr. Steer formed D J

Modern Mill Consultants, Inc. which to this very day still provides a

wide range of Consulting & Financing services to the secondary lumber

and mining industry.  From 1991 to 2002 Mr. Steer raised over Four (4)

Million USD for various projects and clients. As Founder of Safe Cell

Tab Inc., and now Chairman and CEO of Claremont, Mr. Steer clearly

understands just how critically important a strong management team is to

the overall success of any business initiative.  It is for this reason

that Mr. Steer has made a career out of surrounding himself with

dedicated professionals who have the requisite expertise.





Name                     Age  Position

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


                      <c>  <c>

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

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


                      <c>  <c>

Mr. Ted Kosturos

--   Director



Mr. Ted Kosturos has been in the restaurant and hospitality industry since 1952 and is currently employed by Helenic Community of Vancouver. He has been Head Chef and Assistant Catering Manager with the Helenic Community since 1997. Mr. Kosturos was the owner and operator of one of the White Spot Restaurants in Vancouver from 1994 to 1997. Since 1980, Mr. Kosturos has been a private investor and advisor to startup companies and a private investor in public companies.





TERM OF OFFICE



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, 2004 there were no officers or directors of the

company which had 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:

<table>

<caption>



Number   Transactions   Known Failures

Of late   Not Timely      To File a

Name and principal position Reports    Reported     Required Form

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


                         <c>      <c>            <c>

Daniel Steer

Chairman                     0             0               0

& CEO



Dr. Andrew Willoughby*       0             0               0

President and COO

Director



Dr. Graham Willoughby*       0             0               0

Director



Donald Walker *

Exec.VP Sales                0             0               0

and Licensing

Director



John Morita*

CFO                          0             0               0

Director



Trevor Bentley

0

0

0



Lorne Chomos

0

0

0



</table>



* John Morita resigned as Director and CFO effective December 1, 2003

and Donald Walker and Graham Willoughby resigned as Directors effective

December 01, 2003.  Andrew Willoughby resigned as Director, President

and Chief Operating Officer effective January 31, 2004.



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, 2004.  No officers or directors received annual compensation in

excess of $100,000 during the last two complete fiscal years.



Fiscal Year 2004 Officers Annual Compensation Table

<table>

<caption>

Annual  Compensation         Long  Term  Compensation

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

Other

All

Annual

Other

Compen  Restricted

Com-

sation  Stock    Options/  LTIP

pen-

Name            Title     Year  Salary   Bonus  (stock) Awarded  SARs (#)  payouts ($)

sation

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





Daniel       Chairman,    2004  $0 (1)      0      0      0        0            0      0

J. Steer     CEO



Dr. Andrew   President

Willoughby   & COO

Director     2004  $0 (2)      0      0      0        0            0      0



John         CFO          2004  $12,000 (3) 0      0      0        0            0      0

Morita       Director



Donald       Director,    2004  $0 (5)      0      0       0       0            0      0

Walker       VP Channel

Market &

Licensing



Graham       Director     2004  $0          0      0       0       0            0      0

Willoughby



</table>



Employment/Consulting agreements



We do not have an employment or consultant agreement with Mr. Dan

Steer, our Chief executive officer and a director.  Mr. Steer

provides his services to us on a part-time basis.  Effective October

1, 2003, the Company began 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.



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,

2004.



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



The following table sets forth, as of September 30, 2004, 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, 2004 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, 2005:









CURRENT  OFFICERS  AND  DIRECTORS


                <c>                               <c>                 <c>

Common Stock       Dan Steer   (1)                           Nil shares    Nil%

Director, Secretary/Treasurer

Chief Executive Officer

1374 Cartier Place,

Vancouver, BC V6P 2W9



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

Nil shares    Nil%

Total combined share position of all executive

Officers and directors as a group consists of two

(2) persons                                                  Nil shares    Nil%.



FORMER OFFICERS AND DIRECTORS



Common Stock       John Morita                          75,000 shares   3%

former Director and

former President and

former Chief Financial Officer

145, West 44th Avenue

Vancouver, BC  V5Y 2V3



Common Stock       Mr. Donald G Walker                       Nil shares    Nil%

former Director

133 Ward St



Larkspur, CA USA 94939



Common Stock

Dr. Graham Willoughby   (2)

Nil shares    Nil%

former Director

Suite 123, 8415 Granville St.

Vancouver, BC V6P 4Z9



Common Stock       Dr. Andrew Willoughby

Nil shares    Nil%

former Director and

former President and

former Chief Operating Officer

Suite 123, 8415 Granville St.

Vancouver, BC V6P 4Z9



Common Stock       Brian Kejser                              Nil  Shares    Nil%

former Director and

former Secretary and

former Treasurer

1818 Draycott Road

North Vancouver, BC V7J 1V3



5%  STOCKHOLDERS



Common Stock       DJ Modern Mill Consultants Inc.   1,973,000 Shares (1)   7.9%

1374 Cartier Place,

Vancouver, BC V6P 2W9

</table>

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

(1)

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.



(2) Dr. Graham Willoughby is the beneficial owner of 212,625 shares

of the company's common stock because of his 43.75% equity ownership

in CIBRON Corporation which became a shareholder of the company's

stock as a result of the share exchange with Safe Cell Tab, Inc.

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



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.  There were no

rights outstanding as of February 2, 2004 entitling owners to

acquire our common stock within 60 days.



Mr. John Morita entered into an agreement with a current and several

past members of the board of directors of the Company to sell

6,000,000 shares of common stock of the Company. Certain conditions

were not met and the agreement has not been completed at this time.



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 above.



In October 2003, the Company secured financing in the amount of

$60,000, from a third party to be advanced to the Company as an

unsecured demand loan.  The advances will bear interest at the rate

of 12% and interest will be payable annually.  There is no repayment

schedule at this time.



In August 2003, the Company secured financing in the amount of

$72,000 from a third party to be advanced to the Company as an

unsecured demand loan.  The advances will bear interest at the rate

of 12% and interest will be payable annually. There is no repayment

schedule at this time.



The services of John Morita were provided to us pursuant to an

executive consulting agreement between Mr. Morita and the Company.

We paid Mr. Morita a consulting fee of $1,000 per month in

consideration for his providing management and administration

services to us.  The management agreement was for a term commencing

September 14, 1999 and it expired November 30, 2003 when Mr. Morita

tendered his resignation.



Mr. Morita advanced to the Company the amount of $56,000 as a

shareholder's loan during the year ended September 30, 2003.  The

loan was unsecured and did not have any fixed terms of repayment.



ITEM 13.  EXHIBITS AND REPORTS ON FORM 8-K



(a)     Exhibits  and  Index  of  Exhibits



<table>

Exhibit

Number                         Description of Exhibit

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


                <c>

31.1                Certification 302, CEO (1)

31.2                Certification 906, CEO (1)

32.1                Certification 302, CEO (1)

32.2                Certification 906, CEO (1)

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

</table>

(1)     Previously filed with the Securities and Exchange Commission

as an exhibit to the Form 8-K dated September 4 and December 4, 2003.

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





(b)     Reports  on  Form  8-K.



On August 6, 2003, we reported with the US Securities and Exchange

Commission that the Company effected a forward split of 3.2 shares

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 on

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.



On September 4 and December 4, 2003, we reported with the US

Securities and Exchange Commission that we had entered into a Share

Exchange Agreement between the shareholders of the Safe Cell Tab,

Inc. and the Company.  The subsequent filing reported the audited

financial information of the Safe Cell Tab, Inc., a wholly owned

subsidiary.  The Safe Cell Tab, Inc. provided an audited financials

as well as a proforma unaudited financials as of September 30, 2002,

as if the transaction was completed and all obligations had been

assumed as of September 30, 2002.



ITEM 14.  PRINCIPAL ACCOUNTANT FEES AND SERVICES



AUDIT FEES



The aggregate fees billed for each of the fiscal years ended

September 30, 2004 and 2003 for 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

$4,200 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/  Dan Steer

___________________________________

Dan Steer, Chief Executive Officer and Director

Date:     February 15, 2005





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/ DAN STEER

___________________________________

DAN STEER, Principal Executive Officer

Principal Accounting Officer, director





Date:     February 15, 2005



---































CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)





CONSOLIDATED FINANCIAL STATEMENTS





SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)























---





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM







To the Directors and Stockholders of

Claremont Technologies Corp

(A development stage company)



We have audited the accompanying consolidated balance sheets of Claremont Technologies Corp (a development stage company) as at September 30, 2004 and 2003, and the related consolidated statements of operations and deficit, cash flows, and changes in stockholders equity (deficiency) for the years ended September 30, 2004 and 2003, and for the cumulative period from September 14, 1999 (date of inception) to September 30, 2004.  These consolidated financial statements are the responsibility of the Companys management.  Our responsibility is to express an opinion on these consolidated financial statements based on our audits.



We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform an audit to obtain reasonable assurance whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements.  An audit also includes assessing the accounting principles used and significant estimates made by management, as well was evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.



In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as at September 30, 2004 and 2003, and the results of its operations and its cash flows, and changes in stockholders equity (deficiency) for the years ended September 30, 2004 and 2003, and for the cumulative period from September 14, 1999 (date of inception) to September 30, 2004, in conformity with United States generally accepted accounting principles.



The accompanying financial statements have been prepared assuming the Company will continue as a going concern.  As discussed in Note 1 to the financial statements, the Company has incurred a net loss since inception, has not attained profitable operations and is dependent upon obtaining adequate financing to fulfill its development activities.  These factors raise substantial doubt that the Company will be able to continue as a going concern.  Managements plans in regard to these matters are also discussed in Note 1.  The financial statements do not include any adjustments that might result from the outcome of this uncertainty.







Vancouver, Canada

Morgan & Company



January 28, 2005

Chartered Accountants





|January 28, 2005    |               | Chartered Accountants             
|------------------- | ------------- | ----------------------------------
|Tel: (604) 687-5841 | Member of     | P.O. Box 10007 Pacific Centre     
|Fax: (604) 687-0075 | ACPA          | Suite 1488-700 West Georgia Street
|www.morgan-cas.com  | International | Vancouver, B.C. V7Y 1A1           

---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



CONSOLIDATED BALANCE SHEETS

(Stated in U.S. Dollars)



|                                                         | SEPTEMBER 30
|-------------------------------------------------------- | ------------
|                                                         |             
|                                                         |             
|ASSETS                                                   |             
|                                                         |             
|Current                                                  |             
|Cash                                                     | $           
|                                                         |             
|Loan Receivable                                          |             
|Website Development Costs (Note 4)                       |             
|                                                         |             
|                                                         | $           
|                                                         |             
|LIABILITIES                                              |             
|                                                         |             
|Current                                                  |             
|Accounts payable and accrued liabilities                 | $           
|Loans payable (Note 6)                                   |             
|Current portion of notes payable (Note 5)                |             
|                                                         |             
|                                                         |             
|Notes Payable (Note 5)                                   |             
|                                                         |             
|                                                         |             
|STOCKHOLDERS DEFICIENCY                                 |             
|                                                         |             
|Share Capital                                            |             
|Authorized:                                              |             
|25,000,000 common shares with a par value of $0.001 each |             
|                                                         |             
|Issued:                                                  |             
|25,000,000 (2003  16,320,000) common shares             |             
|                                                         |             
|Additional paid-in capital                               |             
|                                                         |             
|Deficit Accumulated During The Development Stage         |             
|                                                         |             
|                                                         |             
|                                                         | $           

---

CLAREMONT TECHNOLOGIES CORP.

(A Development Stage Company)



CONSOLIDATED STATEMENTS OF OPERATIONS AND DEFICIT

(Stated in U.S. Dollars)



|                                                                    |              |              | PERIOD FROM 
|------------------------------------------------------------------- | ------------ | ------------ | ------------
|                                                                    |              |              | INCEPTION   
|                                                                    |              |              | SEPTEMBER 14
|                                                                    | YEARS ENDED  | 1999 TO     
|                                                                    | SEPTEMBER 30 | SEPTEMBER 30
|                                                                    | 2004         | 2003         | 2004        
|                                                                    |              |              |             
|Revenue                                                             | $            | 1,476        | $           
|                                                                    |              |              |             
|Expenses                                                            |              |              |             
|Amortization                                                        |              | 2,352        |             
|Consulting fees                                                     |              | 35,195       |             
|Impairment of goodwill                                              |              | 1,001,884    |             
|Interest and bank charges                                           |              | 18,303       |             
|License fee impairment                                              |              | 9,500        |             
|Office and sundry                                                   |              | 15,938       |             
|Professional fees                                                   |              | 13,280       |             
|Rent                                                                |              | -            |             
|Software development                                                |              | -            |             
|Computer software rights purchased                                  |              | -            |             
|Transfer agent                                                      |              | 710          |             
|Write off disbursement costs                                        |              | 60,000       |             
|                                                                    |              | 1,157,162    |             
|                                                                    |              |              |             
|Net Loss For The Year                                               |              | (1,155,686)  |             
|                                                                    |              |              |             
|Deficit Accumulated During The Development Stage, Beginning Of Year |              | (187,208)    |             
|                                                                    |              |              |             
|Deficit Accumulated During The Development Stage, End Of Year       | $            | (1,342,894)  | $           
|                                                                    |              |              |             
|                                                                    |              |              |             
|Net Loss Per Share                                                  | $            | (0.01)       | $           
|                                                                    |              |              |             
|                                                                    |              |              |             
|Weighted Average Number Of Shares Outstanding                       |              | 20,660,000   |             





---

CLAREMONT TECHNOLOGIES CORP.

(A Development Stage Company)



CONSOLIDATED STATEMENTS OF CASH FLOWS

(Stated in U.S. Dollars)



|                                           |              |              | PERIOD FROM 
|------------------------------------------ | ------------ | ------------ | ------------
|                                           |              |              | INCEPTION   
|                                           |              |              | SEPTEMBER 14
|                                           | YEARS ENDED  | 1999 TO     
|                                           | SEPTEMBER 30 | SEPTEMBER 30
|                                           | 2004         | 2003         | 2004        
|                                           |              |              |             
|Cash Flows From Operating Activities       |              |              |             
|Net loss for the year                      | $            | (1,155,686)  | $           
|Add:  Items not involving the use of cash: |              |              |             
|Goodwill impairment                        |              | 1,001,884    |             
|License fee impairment                     |              | 9,500        |             
|Amortization                               |              | 2,352        |             
|                                           |              | (141,950)    |             
|Change in assets and liabilities:          |              |              |             
|Inventory                                  |              | 3,639        |             
|Prepaid expense                            |              | 86           |             
|Accounts payable and accrued liabilities   |              | 47,453       |             
|                                           |              | (90,772)     |             
|                                           |              |              |             
|Cash Flows From Investing Activities       |              |              |             
|Loan receivable                            |              | -            |             
|Website development costs                  |              | (5,478)      |             
|                                           |              | (5,478)      |             
|                                           |              |              |             
|Cash Flows From Financing Activities       |              |              |             
|Proceeds from issue of common shares       |              | -            |             
|Notes and loans payable                    |              | 94,275       |             
|                                           |              | 94,275       |             
|                                           |              |              |             
|Change In Cash During The Year             |              | (1,975)      |             
|                                           |              |              |             
|Cash Acquired On Acquisition               |              | 570          |             
|                                           |              |              |             
|Cash, Beginning Of Year                    |              | 1,850        |             
|                                           |              |              |             
|Cash, End Of Year                          | $            | 445          | $           



---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



CONSOLIDATED STATEMENT OF CHANGES

IN STOCKHOLDERS EQUITY (DEFICIENCY)



SEPTEMBER 30, 2004

(Stated in U.S. Dollars)

|                                                                                       | NUMBER OF  |       | ADDITIONAL | TOTAL       |             
|-------------------------------------------------------------------------------------- | ---------- | ----- | ---------- | ----------- | ------------
|                                                                                       | COMMON     | PAR   | PAID-IN    | ACCUMULATED | STOCKHOLDERS
|                                                                                       | SHARES     | VALUE | CAPITAL    | DEFICIT     | EQUITY      
|                                                                                       |            |       |            |             |             
|Balance, September 30, 1999                                                            | -          | $     | -          | $           | -           
|                                                                                       |            |       |            |             |             
|Issue of common shares at $0.001 (issued August 2, 2000)                               | 2,000,000  |       | 2,000      |             | -           
|Issue of common shares at $0.01 (issued August 31, 2000)                               | 3,000,000  |       | 3,000      |             | 27,000      
|Issue of common shares at $0.20 (issued September 26, 2000)                            | 100,000    |       | 100        |             | 19,900      
|Net loss for the year                                                                  | -          |       | -          |             | -           
|                                                                                       |            |       |            |             |             
|Balance, September 30, 2000                                                            | 5,100,000  |       | 5,100      |             | 46,900      
|                                                                                       |            |       |            |             |             
|Net loss for the year                                                                  | -          |       | -          |             | -           
|                                                                                       |            |       |            |             |             
|Balance, September 30, 2001                                                            | 5,100,000  |       | 5,100      |             | 46,900      
|                                                                                       |            |       |            |             |             
|Net loss for the year                                                                  | -          |       | -          |             | -           
|                                                                                       |            |       |            |             |             
|Balance, September 30, 2002                                                            | 5,100,000  |       | 5,100      |             | 46,900      
|                                                                                       |            |       |            |             |             
|2.2 for 1 stock dividend                                                               | 11,220,000 |       | 11,220     |             | (11,220)    
|Net loss for the year                                                                  | -          |       | -          |             | -           
|                                                                                       |            |       |            |             |             
|Balance, September 30, 2003                                                            | 16,320,000 |       | 16,320     |             | 35,680      
|                                                                                       |            |       |            |             |             
|Issue of common shares for acquisition of Safe Cell Tab Inc. at $0.11 (March 31, 2004) | 8,680,000  |       | 8,680      |             | 946,120     
|Loss for the year                                                                      | -          |       | -          |             | -           
|                                                                                       |            |       |            |             |             
|Balance, September 30, 2004                                                            | 25,000,000 | $     | 25,000     | $           | 981,800     

---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)



1.

NATURE OF BUSINESS AND CONTINUED OPERATIONS



The Company was incorporated on September 14, 1999 under the laws of the State of Nevada.  The Company had no activities or any transactions from inception on September 14, 1999 to September 30, 1999.  The Company is a development stage company and has been involved in 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.  Due to insufficient funding, the development of this software program has been suspended.  The Company has also offered consulting services relating to the installation, maintenance and upgrades of wireless computer systems, however, has also suspended this activity as well.  As a result of the acquisition of its wholly owned subsidiary, Safe Cell Tab Inc., the Company is 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 electromatic radiation which is emitted from these and other electronic devices.



Since inception, the Company has suffered recurring losses and net cash outflows from operations.  The Company expects to continue to incur substantial losses to complete the development of its business.  Since its inception, the Company has funded operations through common stock issuances and loans in order to meet its strategic objectives.  Management believes that sufficient funding will be available to meet its business objectives, including anticipated cash needs for working capital, and is currently evaluating several financing options.  However, there can be no assurance that the Company will be able to obtain sufficient funds to continue the development of and, if successful, to commence the sale of its products under development.  As a result of the foregoing, there exists substantial doubt about the Companys ability to continue as a going concern.  These financial statements do not include any adjustments that might result from the outcome of this uncertainty.





2.

SIGNIFICANT ACCOUNTING POLICIES



The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States.  Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment.



---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)





2.

SIGNIFICANT ACCOUNTING POLICIES



The financial statements have, in managements opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below:



a)

Development Stage Company



The Company is a development stage company as defined in the Statements of Financial Accounting Standards No. 7.  The Company is devoting substantially all of its present efforts to establish a new business and none of its planned principal operations have commenced.  All losses accumulated since inception have been considered as part of the Companys development stage activities.



b)

Software Development



i)

Under the provisions of Statement of Financial Accounting Standards No. 86 - Accounting for the Costs of Computer Software to be Sold, Leased or Otherwise Marketed, issued by the Financial Accounting Standards Board, certain costs incurred in the internal development of computer software which is to be licensed to customers are capitalized.  Amortization of capitalized software costs is provided upon commercial release of the products at the greater of the amount using (i) the ratio that current gross revenues for a product bear to the total of current and anticipated future gross revenues of that product or, (ii) the straight-line method over the remaining estimated economic life of the product including the period being reported on.



Costs that are capitalized as part of internally developed software primarily include direct and indirect costs associated with payroll, computer time and allocable depreciation and other direct allocable costs, among others.  All costs incurred prior to the establishment of technological feasibility are expensed as research and development costs during the periods in which they were incurred.  The technological feasibility will be established when the Company has completed all planning, designing, coding and testing activities that are necessary to establish that the product can be produced to meet its design specifications.  Capitalization stops when the product is available for general release.  The amount by which unamortized software costs exceeds the net realizable value, if any, is recognized as expense in the period it is determined.  The company will evaluate the net realizable value of capitalized computer software costs and intangible assets on an ongoing basis relying on a number of factors including operating results, business plans, budgets and economic projections.



Assets that are acquired for development activities that have an alternate future use will be capitalized.

---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)



2.

SIGNIFICANT ACCOUNTING POLICIES(Continued)



b)

Software Development (Continued)



ii)

Under the provision of Statement of Position No. 98-1  Accounting for the Costs of Computer Software Developed or Obtained for Internal Use, the Company has capitalized costs of design, configuration, coding, installation and testing of the Companys website up to its initial implementation.  Costs are amortized to expense over an estimated useful life of three years using the straight-line method.  Ongoing website post-implementation costs of operations, including training and application, are expensed as incurred.  The Company evaluates the recoverability of website development costs in accordance with Financial Accounting Standards No. 121  Accounting for the Impairment of Long Lived Assets.  No impairment loss has been recognized in these financial statements.



c)

Use of Estimates



The preparation of financial statements in accordance with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from managements best estimates as additional information becomes available in the future.



d)

Income Taxes



The Company follows the provisions of Statement of Financial Accounting Standards (SFAS) No. 109 - Accounting for Income Taxes, which requires the Company to recognize deferred tax liabilities and assets for the expected future tax consequences of events that have been recognized in the Companys financial statements or tax returns using the liability method.  Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statement carrying amounts and tax bases of assets and liabilities using enacted rates in effect in the years in which the differences are expected to reverse.



e)

Revenue Recognition



i)

Software



The Company will recognize revenue related to software licenses and software maintenance in compliance with the American Institute of Certified Public Accountants Statement of Position No. 97-2 - Software Revenue Recognition.



---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003





2.

SIGNIFICANT ACCOUNTING POLICIES (Continued)



e)

Revenue Recognition (Continued)



i)

Software (Continued)



It is anticipated that the Company will license software under non cancellable license agreements and provide maintenance services, consisting of product support services and periodic updates.  License fee revenues will generally be recognized when a non cancellable license agreement has been signed, the software product has been shipped, there are no uncertainties surrounding product acceptance, there are no significant vendor obligation, the fees are fixed and determinable, and collection is considered probable. Revenues from maintenance agreements will be recognized ratably over the maintenance period.  Revenue will be deferred for post contract support and other future deliverables, and will be recognized over the support period or as the elements of the agreement are delivered.  For arrangements involving multiple elements, revenue will be allocated to the various elements based upon vendor specific objective evidence of fair value based upon determinations by management.  If discounts are offered in these multiple element arrangements, a proportionate amount of the discount will be applied to each portion based upon the relative fair values of each portion without regard to the discount.



ii)

Consulting



Revenue relating to consulting services can be on a time and materials basis or a fixed fee basis.  For fixed fee contracts, revenue is recognized on a percentage of completion basis, generally representing time spent relative to total estimated time.  For contracts that are on a time and materials basis, revenue is recognized as the services are performed.  Provisions for estimated losses on contracts, if any, are recorded when identifiable.



iii)

Safe Cell Tab



Revenue generated from the sale of the Safe Cell Tab is recognized at the time of delivery of the goods.



f)

Financial Instruments



The Companys financial instruments consist of cash, accounts payable, notes payable and loans payable.  Unless otherwise noted, it is managements opinion that the Company is not exposed to significant interest, currency or credit risks arising from these financial instruments.  The fair value of these financial instruments approximate their carrying values, unless otherwise noted.



---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)







2.

SIGNIFICANT ACCOUNTING POLICIES (Continued)



g)

Foreign Currency Translation



The Companys functional currency is the U.S. dollar.  Transactions in foreign currency are translated into U.S. dollars as follows:



i)

monetary items at the rate prevailing at the balance sheet date;

ii)

non-monetary items at the historical exchange rate;

iii)

revenue and expense at the average rate in effect during the applicable accounting period.



h)

Basic and Diluted Loss Per Share



In accordance with SFAS No. 128  Earnings Per Share, the basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding.  Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive.  At September 30, 2004 and 2003, the Company had no stock equivalents that were anti-dilutive and excluded in the earnings per share computation.





3.

ACQUISITION OF SAFE CELL TAB INC.



Effective March 31, 2004, Claremont Technologies Corp. acquired 100% of the issued and outstanding shares of Safe Cell Tab Inc. (Safe Cell) by issuing 8,680,000 common shares at a price of $0.11 per share.



This transaction was accounted for as a purchase.  Accordingly, the Companys consolidated financial statements include the operations of Safe Cell for the period ending after the date of acquisition, March 31, 2004.







---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)





3.

ACQUISITION OF SAFE CELL TAB INC. (Continued)



The total purchase cost of Safe Cell has been allocated to the assets and liabilities of Safe Cell based upon estimates of their fair value as follows:



|Total per share cost          |   |          
|----------------------------- | - | ---------
|Value of common shares issued | $ | 954,800  
|                              |   |          
|Purchase price allocation     |   |          
|Current assets acquired       | $ | 4,295    
|Current liabilities           |   | (43,745) 
|Intangible assets acquired    |   | 9,500    
|Long term liabilities         |   | (17,134) 
|Goodwill                      |   | 1,001,884
|                              |   |          
|                              | $ | 954,800  



As at March 31, 2004, the Company wrote off the goodwill of $1,001,884 acquired on the acquisition of Safe Cell.





4.

WEBSITE DEVELOPMENT COSTS



|                                | 2004 | 2003   
|------------------------------- | ---- | -------
|                                |      |        
|Cost                            | $    | 12,478 
|Less:  Accumulated amortization |      | (6,852)
|                                |      |        
|                                | $    | 5,626  



---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)





5.

NOTES PAYABLE



|                                                                                                                                                            | 2004 | 2003   
|----------------------------------------------------------------------------------------------------------------------------------------------------------- | ---- | -------
|                                                                                                                                                            |      |        
|Notes payable to an officer of the Company are due on October 1, 2004, together with interest at 10% per annum, compounded annually and payable at maturity | $    | -      
|                                                                                                                                                            |      |        
|Note payable due October 1, 2004, together with interest at 10% per annum, compounded annually and payable at maturity                                      |      | 18,000 
|                                                                                                                                                            |      |        
|Notes payable due August 31, 2004 together with interest at 10% per annum, compounded annually and payable at maturity                                      |      | 72,000 
|                                                                                                                                                            |      |        
|Notes payable to an officer of the Company due October 1, 2004, together with interest at 10% per annum, compounded annually and payable at maturity        |      | 16,259 
|                                                                                                                                                            |      |        
|Notes payable due October 26, 2004, with interest at 10% per annum, compounded annually and payable at maturity                                             |      | 60,000 
|                                                                                                                                                            |      |        
|Notes payable due November 2, 2004, with interest at 10% per annum, compounded annually and payable at maturity                                             |      | 1,981  
|                                                                                                                                                            |      |        
|Notes payable due November 27, 2004, with interest at 10% per annum, compounded annually and payable at maturity                                            |      | 10,100 
|                                                                                                                                                            |      |        
|Notes payable due February 8, 2005, with interest at 10% per annum, compounded annually and payable at maturity                                             |      | 5,000  
|                                                                                                                                                            |      | 183,340
|Current portion of notes payable                                                                                                                            |      | 183,340
|                                                                                                                                                            |      |        
|                                                                                                                                                            | $    | -      





6.

LOANS PAYABLE



Loans payable are interest free and repayable in demand.

---

CLAREMONT TECHNOLOGIES CORP

(A Development Stage Company)



NOTES TO CONSOLIDATED FINANCIAL STATEMENTS



SEPTEMBER 30, 2004 AND 2003

(Stated in U.S. Dollars)



7.

RELATED PARTY TRANSACTIONS



a)

During the year ended September 30, 2004, the Company accrued interest of $Nil (2003 - $6,529) on notes payable to an officer of the Company, and accrued $12,000 in consulting services (2003 - $12,000) to an officer of the Company.



b)

Included in accounts payable and accrued liabilities at September 30, 2004 is $19,803       (2003 - $28,618) owing to an officer of the Company.

---

CERTIFICATION PURSUANT TO SECTION 302
OF THE SARBANES-OXLEY ACT OF 2002



I, Dan Steer, certify that:



1.     I have reviewed this Form 10-KSB of Claremont Technologies Corp.



2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;



3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;



4.     The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:



a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;



b) evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and



c) disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and



5.     The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of registrants Board of Directors (or persons performing the equivalent functions):



a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and



b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.





| | Date: February 18, 2005                     
| | --------------------------------------------
| |                                             
| | /s/ Dan Steer                               
| | Dan Steer                                   
| | President, Chief Executive Officer, Director





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CERTIFICATION PURSUANT TO SECTION 302
OF THE SARBANES-OXLEY ACT OF 2002



I, Dan Steer, certify that:



1.     I have reviewed this Form 10-KSB of Claremont Technologies Corp.



2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;



3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;



4.     The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the registrant and have:



a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;



b) evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and



c) disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and



5.     The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of registrants Board of Directors (or persons performing the equivalent functions):



a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and



b) any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting.



| | Date: February 18, 2005                               
| | ------------------------------------------------------
| |                                                       
| | /s/ Dan Steer                                         
| | Dan Steer                                             
| | Chief Financial Officer (Principal Accounting Officer)



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CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO 
SECTION 1350 PURSUANT TO SECTION 906 
OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of Claremont Technologies Corp (Company) on Form 10-KSB for the fiscal year ended September 30, 2004 as filed with the Securities and Exchange Commission on the date hereof (Report), I, Dan Steer, President, Chief Executive Officer and Director of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:



(1)the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange act of 1934; and



(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.





|Date: February 18, 2005 |                                             
|----------------------- | --------------------------------------------
|                        |                                             
|                        | /s/ Dan Steer                               
|                        | Dan Steer                                   
|                        | President, Chief Executive Officer, Director



A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

---

CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER PURSUANT TO 
SECTION 1350 PURSUANT TO SECTION 906 
OF THE SARBANES-OXLEY ACT OF 2002



In connection with the Annual Report of Claremont Technologies Corp (Company) on Form 10-KSB for the fiscal year ended September 30, 2004 as filed with the Securities and Exchange Commission on the date hereof (Report), I, Dan Steer, Chief Financial Officer and Director of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to my knowledge:



(1)the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange act of 1934; and



(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.





|Date: February 18, 2005 |                                                       
|----------------------- | ------------------------------------------------------
|                        |                                                       
|                        | /s/ Dan Steer                                         
|                        | Dan Steer                                             
|                        | Chief Financial Officer (Principal Accounting Officer)



A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.