UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             Washington, D. C. 20549

                                   FORM 10-KSB

            ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                      For the year ended December 31, 2003
                        Commission File Number 000-33481


                           ECOLOCLEAN INDUSTRIES, INC.
                 (Name of small business issuer in its charter)


            Nevada                                                65-1060612
(State or other jurisdiction of                              (I. R. S. Employer
 incorporation or organization)                              Identification No.)


                   2242 South Hwy #83, Crystal City, TX 78839
                     (Address of principal executive office)

                                 (830) 374-9100
                           (Issuer's Telephone Number)

        Securities Registered Pursuant of Section 12(b) of the Act: None

           Securities Registered Pursuant of Section 12(g) of the Act:
                         Common Stock, $0.001 Par Value



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

Check if there is no disclosure of delinquent  filers in response to Item 405 of
Regulation S-B 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 of
this Form 10-KSB. [ ]

The issuer had  operating  revenues of $329,845 for the year ended  December 31,
2003.

This report contains a total of 35 pages. The Exhibit Index appears on page 18.

As of December 31, 2003,  there were  32,500,664  shares of the issuer's  common
stock  outstanding.  The aggregate market value of the 16,500,664  shares of the
issuer's voting stock held by  non-affiliates  was $20,625,830  based on the low
bid price on that date as reported by the NASD OTC  Electronic  Bulletin  Board.
The sum excludes the shares held by officers,  directors, and stockholders whose
ownership  exceeded 10% of the outstanding  shares at December 31, 2003, in that
such persons may be deemed  affiliates  of the Company.  This  determination  of
affiliate  status  is not  necessarily  a  conclusive  determination  for  other
purposes.





<PAGE>



                            Ecoloclean Industries, Inc.
                                   FORM 10-KSB
                                December 31, 2003

                                                                            Page
                                                                            ----
PART I.......................................................................  3

ITEM 1.  Business............................................................  3
ITEM 2.  Properties..........................................................  9
ITEM 3.  Legal Proceedings...................................................  9
ITEM 4.  Submission of Matters to vote of Security Holders...................  9

PART II...................................................................... 10

ITEM 5.  Market for Common Equity and Related Stockholder Matters............ 10
ITEM 6.  Management's Discussion and Analysis of Financial
             Condition and Results of Operations............................. 11
ITEM 7.  Financial Statements................................................ 12
ITEM 8.  Changes In and Disagreements With Accounting and
         Financial Disclosure................................................ 12
ITEM 8A. Controls and Procedures............................................. 12


PART III..................................................................... 12

ITEM 9.   Directors, Executive Officers, Promoters, and Control
           Persons: Compliance With Section 16(a) of the Exchange Act........ 13
ITEM 10.  Executive Compensation............................................. 14
ITEM 11.  Security Ownership of Certain Beneficial Owners and Management..... 15
ITEM 12.  Certain Relationships and Related Transactions..................... 15
ITEM 13.  Exhibits and Reports on Form 8-K................................... 16
ITEM 14.  Principal Accountant Fees and Services............................. 16
SIGNATURES................................................................... 17
EXHIBIT INDEX................................................................ 18

















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<PAGE>

                                     PART I

ITEM 1.  Business.

(a)      Overview

Ecoloclean Industries, Inc. formerly known as SailTech International,  Inc. (the
"Company") was incorporated on September 16, 1998 under the laws of the State of
Nevada as Argonaut  Resources Ltd. On December 15, 2000, the Company changed its
name to  Sailtech  International  Inc.  to reflect its  business  objectives  of
becoming  an aluminum  yacht  manufacturer.  Sailtech  was a  development  stage
enterprise  which had just initiated  operations as a manufacturer  of a line of
aluminum yachts and work vessels using a proprietary  software  technology which
aided in the  design  and  construction  of  aluminum  boats.  We had four yacht
manufacturing contracts, none of which were completed. We conducted our business
through  two wholly  owned  subsidiary  corporations,  organized  in Florida and
British Columbia, Canada.

On  December  31,  2002,   Sailtech  ceased  operations  of  its  limited  yacht
manufacturing  business.  We disposed  of our  subsidiary  companies  in British
Columbia, Canada and Florida.

On January 10, 2003, we acquired all of the issued and outstanding capital stock
of  Ecoloclean,  Inc.,  a Texas  corporation.  Ecoloclean's  principal  business
operations  are  conducted   through  its  subsidiaries,   World   Environmental
Technologies,   Inc.,  and  Reliant  Drilling  Systems,   Inc.,  both  Louisiana
corporations.  Ecoloclean  and WET,  are  engaged the  business of cleaning  oil
industry  waste  water  and  run-off  water  from  drilling  sites in  Louisiana
utilizing Electrocoagulation Units (EC).

On December 15,  2003,  we filed a  certificate  of amendment to our articles of
incorporation changing our corporate name to Ecoloclean Industries, Inc. We also
(1) increased our authorized  common stock capital from 50,000,000  shares,  par
value,  $0.001 per share to 100,000,000  shares, par value $0.0001 per share and
(2) increased our authorized  preferred shares from 1,000,000 shares,  par value
$0.01 per share to 10,000,000, par value $0.001 per share.

On December 4, 2003,  we obtained a State Wide Water  Discharge  Permit from the
Louisiana Department of Environmental  Quality (LDEQ). This is only one of three
Water Discharge Permits that has been issued by the LDEQ. This permit allows our
company to treat and  discharge  water  processed by our EC units into any State
and/or  Federal  water within the state of  Louisiana as long as the  discharges
water is no longer  contaminated and meets with the criteria of the State and/or
Federal discharge laws.

(b)      Historical Background of Waste Water

The United States faces growing need for quality water supplies.  Population and
industrial growth demands clean water.

Until recent times, the water supply was considered to be limitless. Major water
users withdrew their water from natural sources such as wells, aquifers,  rivers
and lakes.  Public  utilities  and  municipal  waste water  (sewer)  authorities
treated their used water and discharged it into rivers and lakes.  Mines,  paper
mills,  refineries,  and chemical plants also  discharged  their waste water, in
many  cases,  directly  into the same rivers and lakes from which water would be
drawn for human use.

Soon after World War II, the effect of this  unregulated  discharge  and limited
treatment  of  waste  water  on  land  and  water  sources  was   recognized  as
unacceptable  by public interest groups and  governmental  authorities.  Efforts
were begun to remediate polluted sites. Laws were enacted to prevent unregulated
discharge of waste waters into the environment. These remediation and prevention
efforts have improved water quality throughout the United States.

We believe that water quality standards will become stricter. Large water users,
at great expense,  have installed elaborate treatment systems in order to comply
with governmental water quality laws. However,  even after the implementation of
water  treatment laws,  many treated waters are still being  discharged  without
meeting  all of the  governmental  standards.  In many  states,  water users who
discharge waters that do not comply with minimum  discharge  standards are being
assessed  large  monetary  surcharges.  Small users,  having to pay high monthly
surcharges  without  the  capital or room to install or upgrade  existing  water
treatment  systems,  are  faced  with  the  possibility  of  closing  operations
facilities.

Processes for treating waste water are extensive.  The chemistry and engineering
for  treating  wastewater  is well  developed.  Many  different  procedures  and
processes  are  in  use  for  treating  different  types  of  contamination  and
pollution.  Equipment is  manufactured  by numerous  companies to process  waste
water  streams  from as little as a few  gallons a day to millions of gallons an
hour.  There are technologies  and equipment  designed to remove  impurities and
contaminates  ranging form ordinary ground water bacteria and particles to heavy
metal  ions.


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<PAGE>

THE ELECTROCOAGULATION SYSTEM

Most waste  water  contaminants  are held in  solution  by  electrical  charges.
Bacteria,  algae, oils, clays, carbon black,  silica,  phosphate,  nickle, lead,
chromates and other ions are examples charged particle contaminants. Waste water
contaminants  must  be  removed  from  the  water.  The  neutralization  of  the
electrical  charges and subsequent  precipitation  of these  contaminants can be
achieved  by chemical  or  electrochemical  alteration.  Most  commercial  water
treatment systems use chemical additives.  Our  electrocoagulation  process is a
non-chemical additive electrochemical system.

In today's environment, adding chemicals to contaminated waste water is becoming
less  acceptable  due to  increasingly  stringent  regulations.  Solid  residues
(sludges) are being classified as hazardous materials and the required treatment
levels are more  difficult and expensive to achieve.  In the future,  we believe
that there will be a significant  increase in the use of  nonchemical  dependent
systems  such as the EC System.  Different  chemicals  are  required for various
contaminants.  Contaminant  concentrations  are critical and must be  constantly
monitored and balanced.  These  additives do not remain with the purified  water
(exception: chlorine) but combine with and must be disposed of with the "sludge"
that is removed from the waste water stream.  Under current  regulations many of
these sludge's are  considered  hazardous and must be handled  accordingly.  For
every pound of chemical  additive an additional pound of sludge must be disposed
of.  This cost of  disposal  must be added to the cost of  purchase  of chemical
used.

Electrochemical  water treatment methods have been used for many years.  Varying
and or controlled  voltages are used to produce an  electromagnetic  field which
disrupts the electrochemical  properties of the charged  contaminant  particles.
This allows the  contaminants  to  precipitate  or fall out of the waste  water.
Until recent times,  these  electrochemical  water treatment systems showed good
contaminate removal compared with the chemical additive  precipitation  methods,
however,  high capital and operational  costs coupled with lower flow rates have
restricted widespread commercial use.

The electrocoagulation  "EC" process does not use chemical additives. We believe
that our EC  process,  with  lower  operating  costs,  higher  flow  rates and a
reduction of sludge  disposal costs will move our EC process to the forefront of
water treatment technologies.

The  electrocoagulation  system  uses  equipment  and  methods  that result from
revisions of old  technologies  and principles of  electrochemistry  and physics
made possible by our computerized microprocessor control panel. The "EC" unit is
capable of treating liquid solutions  containing a wide variety of contaminants,
including heavy metals,  oil and grease,  suspended and dissolved  solids,  most
salts as well as bacteria and algae, without the use of chemicals. The "EC" unit
places an  electrical  charge in the waste  fluid which  destabilizes  suspended
material  electrochemically  and causes the  coagulation  of the  dissolved  and
suspended  contaminants.  This  coagulation  or  flocculation  is similar to the
precipitation  stimulated  by chemical  additives,  but the altered  contaminant
particles  tend to be larger (100 microns vs. 25 to 50 microns) and more stable.
This flocculated  contaminants are removed from the waste Stream by conventional
equipment.

OVERVIEW OF WATER TREATMENT USING ELECTROCOAGULATION

When the term "we" is used, it means Ecoloclean Industries,  Inc. by and through
its subsidiaries, Ecoloclean, Inc. and World Environmental Technologies, Inc.

We have  designed  and  manufactured  three  portable EC Units which are mounted
within or on  enclosed  trailers.  The waste  water is pumped  into the EC unit,
electrochemically processed and discharged on-site.

The water flows through a series of engineered  electrodes within a cell while a
controlled  electric  current  is  applied to the waste  water.  The  electrical
current  energizes the solution  creating a magnetic  field within the cell. Our
system is designed to optimize  over twenty  variables  in order to  effectively
transfer electrical energy to the continuously flowing contaminated waste water.
Water contaminated mixtures created by the electrocoagulation  process, separate
into an organic molecule floating layer known as flocculent,  a mineral sediment
and clean  water.  This  separation  occurs  within  minutes  of  treatment  and
conventional   equipment   may  be  used  to  extract  the  clean   water.   The
Electrocoagulation process has successfully treated animal and human waste water
removing chemical and biological contaminants.  Tests confirm the destruction of
coliform bacteria, flagellates,  helminthes, eggs, infective parasite larvae and
enteric viruses.

Our  EC  process  utilizes  proprietary  and  patented   technologies   applying
electrochemical  energies to the waste  water  stream.  Contaminant  laden water
moves through an electric field where the treatment is accomplished by:

o        Ionization
o        Electrolysis
o        Free radical formation
o        Electromagnetic fields



                                       4
<PAGE>

System Capabilities:

o        Removes heavy metals as oxides which will pass Toxicity Characteristics
         Leaching Procedures (TCLP)
o        Removes suspended and colloidal solids
o        Breaks oil emulsions in water
o        Removes fats, oils and grease in water
o        Removes complex organic materials
o        Destroys and removes bacteria, viruses and cysts
o        Processes multiple contaminants

Key Applications:

o        Ground water cleanup
o        Process rinse and wash water
o        Potable water
o        Sewage treatment
o        Cooling towers
o        Radioactive isotope removal
o        Pretreatment  for reverse osmosis,  ultra-filtration,  nano-filtration,
         and photocatlytics
o        Water reuse resulting in zero discharge
o        Metal recovery
o        Influent quality water control
o        Industrial waste water

Benefits:

o        Capital cost significantly less than alternative technologies
o        Operating cost significantly less than alternative technologies
o        Low power requirements
o        Generally no chemical additions
o        Metal oxide formation passing TCLP
o        Low maintenance
o        Minimal operator attention
o        Handles a wide variation in the waste stream contaminants
o        Consistent and reliable results
o        Sludge minimization
o        Treats multiple contaminants

Proposed Operations and Services

Industrial  and  commercial  businesses  produce  various  types  of  wastewater
(including hydrocarbon  contaminated water from oil field operations,  that must
be disposed of as required by federal,  state and local regulations.  Similarly,
oil and gas  exploration  and  production  companies  produce  liquid waste from
drilling and other  operations  that must be disposed of complying  with federal
and state  regulations.  We process the liquid waste,  remove  contaminants  and
dispose of the treated liquid waste as required by applicable regulations.

Oilfield Waste

Oilfield waste consists  primarily of petroleum-based  and water-based  drilling
fluids  (which  contain oil,  grease,  chlorides and heavy  metals),  as well as
cuttings, saltwater, work over and completion fluids, production pit sludges and
soil containing these materials. Under Louisiana and Texas state regulations, if
oilfield  waste  cannot be  processed  for  discharge or disposed of at the well
where it is  generated,  it must be  transported  to a licensed  oilfield  waste
processing or disposal facility.



                                       5
<PAGE>

Competitive Conditions

Competition  is  intense  within  oilfield  waste  water  processing   industry.
Competition  will be based  primarily  on proximity  to  collection  operations,
collection and processing  fees charged and quality of service.  With respect to
certain  waste  streams,  such as  oilfield  waste,  we will  compete  with  the
generators of these waste streams, who continually evaluate the decision whether
to use internal disposal methods or to utilize a liquid waste management company
such as us. We will compete with numerous companies, both large and small, which
are able to provide  one or more of the  environmental  services  offered by us.
Many of these companies will have greater financial,  human and other resources.
However, we believe that the type of waste management, treatment, processing and
remediation services which we are providing will give us a competitive advantage
with respect to certain of our more specialized competitors. We believe that our
treatment  processes will offer cost saving alternatives to the more traditional
remediation and disposal methods offered by our competitors.

We  believe  that  there  are  certain  barriers  to entry in the  liquid  waste
industry.   These  barriers  include  the  need  for  specialty   machinery  and
facilities;  licenses,  permits and trained personnel necessary to operate these
facilities.

Our Specialized Equipment

We have manufactured three portable EC Units. These are portable units which are
constructed in 28-foot enclosed trailers.

Employees

As of December 31, 2003,  Ecoloclean  Industries,  Inc.  employeed Royis Ward as
President  and a  part-time  controller  while  our  wholly  owned  subsidiaries
employed a total of twelve full-time and three part-time personnel.  No employee
is subject to a collective bargaining agreement.


General License Agreement

Ecoloclean,  Inc.  acquired a General License Agreement by assignment from World
Environmental  Technologies,  Inc. on September 12, 2002.  The license grants an
industry exclusive  perpetual worldwide right and license under a U.S. patent to
manufacture,  use,  market,  sell,  lease or otherwise  dispose of product units
based on, or relating to the invention  contained in U.S. Patent No.  6,238,546,
issued to Louis A. Kneiper,  Gary A. Tipton and Daniel G. Noyes on May 29, 2001.
The  product  units are the  Electrocoagulation  units.  The license is industry
specific  and applies only to the  petroleum  exploration,  petroleum  chemical,
transportation and refining industries.  Ecoloclean,  the licensee,  is excluded
from marketing,  selling, leasing or otherwise disposing of product units to the
paper industry,  paint pigment  industry and to all industries in Mexico and the



                                       6
<PAGE>

Orient. Ecoloclean is obligated to pay royalties to the patent owner on an event
basis.  For product  units of 100  gallons-per-minute  (gpm),  or less which are
manufactured  by the licensee,  Ecoloclean is obligated to pay $3,000 each.  For
product  units  of  capacities  exceeding  100  gpm,  Ecoloclean  must  pay  $30
multiplied  by  the  gpm  design  capacity.  Additionally,  for  the  use of the
technology,  Ecoloclean  must  pay a  monthly  royalty  of 2%  of  gross  income
generated by product units.

Insurance

We believe we maintain  insurance  coverage  adequate for our needs and which is
similar to, or greater than, the coverage  maintained by other  companies of our
size in the industry.  There can be no  assurances,  however,  that  liabilities
which may be incurred by us will be covered by our  insurance or that the dollar
amount of such liabilities  which are covered will not exceed our policy limits.
We are required by EPA regulations to carry environmental  impairment  liability
insurance providing coverage for damages on a claims-made basis in amounts of at
least $1 million per occurrence and $2 million per year in the aggregate.

Regulation
General
Our proposed  business  operations will be affected both directly and indirectly
by  governmental  regulations,   including  various  federal,  state  and  local
pollution  control  and health and safety  programs  that are  administered  and
enforced by regulatory  agencies.  These  programs are applicable or potentially
applicable to one or more of our existing operations.

Federal Regulation
The primary U.S. federal statutes  affecting our business are summarized  below:
The Clean Water Act. Our proposed activities will be subject to the requirements
of the Clean  Water Act and  comparable  state  statutes  and  federal and state
enforcement of these regulations. The Clean Water Act regulates the discharge of
pollutants  into waters of the United States.  The Clean Water Act establishes a
system of standards,  permits and  enforcement  procedures  for the discharge of
pollutants  from  industrial  and  municipal  wastewater  sources.  The law sets
treatment standards for industries and wastewater  treatment plants and provides
federal grants to assist municipalities in complying with the new standards.  In
addition to requiring permits for industrial and municipal  discharges  directly
into the  waters  of the  United  States,  the  Clean  Water  Act also  requires
pretreatment of industrial wastewater before discharge into municipal systems.

The  Clean  Water  Act  gives  the  Environmental  Protection  Agency  (EPA) the
authority  to  set  pretreatment  limits  for  direct  and  indirect  industrial
discharges.  In 2001, the EPA adopted new technology-based  effluent limitations
guidelines for waste  treatment  facilities  that treat or recover  hazardous or
nonhazardous  industrial  waste or  wastewater  received  from off-site and then
discharge  pollutants into U.S.  waters or publicly  operated  treatment  works.
Although the guidelines are based on particular technologies, the new guidelines
do not require a facility to use these technologies.  Individual  facilities may
meet the  requirements  using whatever types of technologies and process changes
they choose.

The Clean  Water  Act also  prohibits  certain  discharges  of oil or  hazardous
substances  and  authorizes  the  federal  government  to remove or arrange  for
removal of such oil or hazardous  substances.  In addition,  the Clean Water Act
requires the adoption of the National  Contingency Plan to cover removal of such
materials.  Under the Clean  Water  Act,  the owner or  operator  of a vessel or
facility  may be  liable  for  penalties  and  costs  incurred  by  the  federal
government in responding to a discharge of oil or hazardous substances.

The Clean  Water Act also has a  significant  impact  on the  operations  of the
oilfield waste  customers.  EPA Region 6, which includes our proposed  treatment
market,  continues  to  issue  new  and  amended  National  Pollution  Discharge
Elimination System general permits further limiting or restricting substantially


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<PAGE>

all discharges of produced  water from the Oil and Gas  Extraction  Point Source
Category into waters of the United States.  The combined  effect of all of these
permits  closely  approaches a "zero  discharge"  standard  affecting all waters
except those of the Outer Continental Shelf.

Resource Conservation Recovery Act (RCRA). RCRA is the principal federal statute
governing hazardous and solid waste generation, treatment, storage and disposal.
RCRA and state  hazardous  waste  management  programs  govern the  handling and
disposal of hazardous  waste. The EPA has issued  regulations  pursuant to RCRA,
and states have promulgated  regulations  under comparable state statutes,  that
govern  hazardous  waste  generators,  transporters  and owners and operators of
hazardous waste treatment,  storage or disposal  facilities.  These  regulations
impose detailed operating,  inspection,  training and emergency preparedness and
response  standards  and  requirements  for closure,  financial  responsibility,
manifesting  of  wastes,  record-keeping  and  reporting,  as well as  treatment
standards for any hazardous wastes intended for land disposal.  Facilities which
treat  and  dispose  of  oilfield  waste are  exempt  from  classification  as a
RCRA-regulated  waste. At various times in the past, proposals have been made to
rescind the exemption that excludes  oilfield waste from regulation  under RCRA.
The repeal or modification of this exemption by  administrative,  legislative or
judicial  process  would  require us to change our method of doing  business and
could have a material adverse effect on our business,  results of operations and
financial  condition.  There is no assurance  that we would be able to adapt our
operations or that we would have the capital resources  available to do so. RCRA
may indirectly  affect our proposed  operations by  restricting  the disposal of
certain liquid wastes and sludges in landfills.  This  restriction  may increase
demand for waste treatment services.

CERCLA.  The Comprehensive  Environmental  Response,  Compensation and Liability
Act, as amended in 1986 ("CERCLA"),  provides for immediate response and removal
actions  coordinated  by the EPA for releases of hazardous  substances  into the
environment and authorizes the government, or private parties, to respond to the
release or threatened release of hazardous  substances.  The government may also
order  persons  responsible  for the release to perform any  necessary  cleanup.
Liability  extends  to the  present  owners  and  operators  of  waste  disposal
facilities  from which a release  occurs,  persons  who owned or  operated  such
facilities  at the time the  hazardous  substances  were  released,  persons who
arranged  for  disposal  or   treatment  of  hazardous   substances   and  waste
transporters who selected such facilities for treatment or disposal of hazardous
substances.  CERCLA has been  interpreted  to create  strict,  joint and several
liability  for the cost of removal and  remediation,  other  necessary  response
costs and  damages  for  injury  to  natural  resources.  If our  operations  or
facilities become  responsible for the release or improper disposal of hazardous
substances, we could incur CERCLA liability.  Presently, we have no intention to
treat hazardous wastes.

The Clean  Air Act.  The Clean Air Act  provides  for  federal,  state and local
regulation of emissions of air pollutants into the atmosphere.  Any modification
or  construction  of a facility with regulated air emissions must be a permitted
or  authorized  activity.  The Clean Air Act  provides  for  administrative  and
judicial  enforcement  against  owners and  operators of  regulated  facilities,
including substantial penalties. In 1990, the Clean Air Act was reauthorized and
amended,  substantially  increasing  the scope and  stringency  of the Clean Air
Act's  regulations.  Compliance with the Clean Air Act is not expected to have a
material adverse effect on our proposed business operations.

State and Local Regulations

Our  proposed  waste  water  processing  operations  will be  subject  to direct
regulation by a variety of state and local  authorities.  We will be required to
obtain processing,  wastewater  discharge and air quality permits from state and
local   authorities  to  operate   facilities  and  to  comply  with  applicable
regulations  concerning,  among other things,  the  generation  and discharge of
odors  and  wastewater.  Order  29-B  of the  Louisiana  Department  of  Natural
Resources  contains  extensive  rules  regarding  the  generation,   processing,
storage,  transportation  and  disposal  of  oilfield  waste.  Under Order 29-B,
on-site  disposal  of  oilfield  waste  is  limited  and  subject  to  stringent
guidelines.   If  these  guidelines  cannot  be  met,  oilfield  waste  must  be


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<PAGE>

transported  and disposed of off-site in accordance with the provisions of Order
29-B. Moreover, under Order 29-B, most, if not all, active waste pits (a typical
on-site  disposal  method used by inland  generators of oilfield  waste) must be
closed or modified to meet regulatory  standards;  however,  full enforcement of
this portion of Order 29-B has been  deferred.  A number of  amendments to Order
29-B were  adopted  effective as of November  20,  2001.  Compliance  with these
amendments  is not  expected to have a material  adverse  effect on our proposed
business  operations.  The Texas Railroad  Commission has also adopted  detailed
requirements  for the management and disposal of oilfield waste.  Permits issued
by state  regulatory  agencies are required for each  oilfield  waste  treatment
facility  operating  within  Louisiana and Texas.  We will have to perform tests
before  acceptance of any oilfield  waste, as well as during and after treatment
to ensure compliance with all regulatory requirements.

In the future,  other  states in which we may  operate,  have their own laws and
regulations that may be more strict than comparable federal laws and regulations
governing  hazardous and nonhazardous  waste disposal,  water and air pollution,
releases and cleanup of hazardous  substances and  liabilities for such matters.
Our future proposed  operations are likely to be subject to many, if not all, of
these laws and regulations. In addition, states and localities into which we may
expand,  by acquisition or otherwise,  may now or in the future have regulations
with positive or negative effects on us.

Factors Influencing Future Results and Accuracy of Forward-Looking Statements In
the normal  course of our business,  in an effort to help keep our  stockholders
and the public informed about our operations,  we may from time to time issue or
make  certain  statements,  either in  writing  or  orally,  that are or contain
forward-looking  statements,  as  that  term  is  defined  in the  U.S.  federal
securities  laws.  Generally,  these  statements  relate  to  business  plans or
strategies,  projected or  anticipated  benefits or other  consequences  of such
plans or strategies, projected or anticipated benefits from acquisitions made by
or to be made by us, or projections involving anticipated revenues,  earnings or
other  aspects  of  operating  results.   The  words  "may,"  "will,"  "expect,"
"anticipate," "believe," "estimate," "continue",  "plan" and similar expressions
are intended to identify  forward-looking  statements.  We caution  readers that
such  statements  are not  guarantees  of future  performance  or events and are
subject to a number of factors  that may tend to  influence  the accuracy of the
statements and the  projections  upon which the statements are based,  including
but not limited to those discussed below. As noted elsewhere in this report, all
phases of our  proposed  operations  are  subject to a number of  uncertainties,
risks and other  influences,  many of which are outside of our control,  and any
one of which, or a combination of which,  could materially affect the results of
our  operations  and whether  forward-looking  statements  made by us ultimately
prove to be accurate.


ITEM 2.  Properties

Royis Ward,  President of Ecoloclean  Industries,  Inc., is providing  executive
office space located at Crystal City, Texas to the Company on a rent-free basis.


ITEM 3.  Legal Proceedings

None.


ITEM 4.  Submission of Matters to vote of Security Holders

         During the fourth quarter of 2003, our majority  shareholders acting by
written consent, in lieu of a special shareholder meeting, approved an amendment
to our  Articles  of  Incorporation  changing  our  Company  name from  Sailtech
International, Inc. to Ecoloclean Industries, Inc. Additionally the shareholders
approved an increase in our  authorized  common stock  capital  from  50,000,000
common shares,  par value $0.001 to 100,000,000 common shares, par value $0.0001
and an increase in our preferred capital stock from 1,000,000 shares,  par value
$0.01 to 10,000,000 shares,  par value $0.001.  The shareholders  holding shares
representing  54.2%  of the  votes  entitled  to be  cast  at a  meeting  of the
Company's shareholders, consented in writing to the proposed actions.



                                       9
<PAGE>

                                     PART II

ITEM 5.  Market for Common Equity and Related Stockholder Matters

Common Stock:

         Our common  stock  trades  Over-the-Counter  (OTC) on the OTC  Bulletin
Board  under  the  symbol  ECCI.  Table  1.  sets  forth  the  high  and low bid
information  for the past  two  years.  These  quotations  reflect  inter-dealer
prices,  without retail  mark-up,  mark-down or commission and may not represent
actual  transactions.  These data provided by Pink Sheets,  LLC and other public
sources.

Table 1.

Bid Information

Fiscal Quarter Ended                High             Low


December 31, 2003                   1.40              .40
September 30, 2003                   .50              .20
June 30, 2003                        .32              .20
March 31, 2003                       .25              .20

December 31, 2002                   0.25             0.07
September 30, 2002                  0.30             0.125
June 30, 2002                       0.72             0.28
March 31, 2002                      0.80             0.60


         According  to our  records,  the  Company had  approximately  50 record
shareholders  of our common  stock as of December  31, 2003  holding  32,500,664
common  shares.   This  number  of  shareholders  does  not  include  individual
beneficial shareholders whose shares may be held in their brokers' street name.

Dividends and Dividend Policy

         There  are no  restrictions  imposed  on the  Company  which  limit its
ability to declare or pay  dividends on its common  stock,  except as limited by
state corporation law. During the year ended December 31, 2003, no cash or stock
dividends  were  declared  or  paid  and  none  are  expected  to be paid in the
foreseeable future.

Recent Sales of Unregistered Securities

         During the period  October 1 through  December  31,  2003,  we sold the
following shares:

         On December 27, 2003,  we approved the issuance of 25,000 common shares
to John Cale for consulting services valued at $9,200.

         We believe  the above  described  common  stock was issued in an exempt
private  transaction  pursuant to Section 4(2) of the Securities Act of 1933, as
amended,  and are deemed  restricted  securities and may not be publicly  resold
absent  registration  with the Securities  and Exchange  Commission or exemption
from the registration requirements of the Securities Act of 1933, as amended.




                                       10
<PAGE>

ITEM 6.  Management's Discussion and Analysis of Financial Condition and Results
of Operations.


OVERVIEW AND PLAN OF OPERATION

During year ending December 31, 2003, the Company had gross  operating  revenues
of $329,845,  all of which were  generated by our  Louisiana  subsidiary,  World
Environmental  Technologies,  Inc. The majority of the revenues,  $238,809, were
earned by utilizing our Electro  coagulation (EC) units to clean and treat drill
water.

The  Company  invoiced  over  $268,846  during the period  ending  12/31/03,  by
providing services to drilling contractors on drilling sites in Louisiana.

The Company is fast becoming a leader in the field of industrial liquid & solids
waste  remediation  business.  Through  its two wholly  owned  subsidiary  World
Environmental  Technologies,  Inc. (WET) and Reliant Drilling Systems, Inc., the
company is able to use its patented Electro  Coagulation (EC) treatment  systems
and support technologies to deal with a wide varied of liquid waste streams.

As previously  reported,  the Company did obtain that State Wide Water Discharge
Permit on  December  04, 2003 from the  Louisiana  Department  of  Environmental
Quality (LDEQ).  This is only one of three Water Discharge Permits that has been
issued by the LDEQ. This permit allows that Company to treat and discharge water
processed by our EC units into any State and/or  Federal  water within the state
of Louisiana as long as the discharges water is no longer contaminated and meets
with the criteria of the State and/or Federal discharge laws. The benefit to the
customer  with the use of our EC units is that he  doesn't  have to  endure  the
hassle or the  considerable  expense of having an endless line of vacuum  trucks
arriving  and  departing  carrying  the waste  stream  away to be  processed  or
disposed of elsewhere. They also save by not having to pay disposal charges that
can be excessive and if desired the treated water can be turned back to them for
reuse.

With  receipt of this State Wide Water  Discharge  Permit,  we proceeded to form
another subsidiary Reliant Drilling Systems,  Inc. (RDS) a Louisiana corporation
based in Baton  Rogue,  Louisiana  to offer a full suite of  services  to assist
operators in the oil & gas drilling  field.

We have been informed recently by Texas A&M Agriculture Extension Office that we
will be asked to move our EC unit and  associated  equipment  back on the  dairy
farm in Comanche  County,  Texas on, or about April 15th,  2004.  The purpose of
this is for us to again  demonstrate  to the various State and Federal  Agencies
the benefits of our system in of successfully  removing  phosphates and nitrates
from dairy farm waste.

The Company  continues  to explore  new ways to be of service to our  customers.
With our State Wide Water Discharge Permit, the formation of RDS, the employment
of Mr. Cale with his reputation in the industry we are continuing our mission to
becoming a definitive leader in industrial waste remediation.

In the ensuing 12 months we  anticipate  that all of our existing 3 EC units and
the solids  control  equipment  owned by RDS will be in operation on various oil
and gas  companies  continually  as our  reputation  has  spread  thoughout  the
industry and we now are receiving calls from companies desiring our services.

If we obtain  some of the work that we have bid,  we will need to  purchase  two
additional  mud  centrifuges  at a  cost  of  approximately  $120,000  and a mud
cleaning  unit at a cost of  approximately  $40,000.  This can  equipment may be
purchased  outright  on  put on a long  term  lease  based  upon  the  Company's
forecasted revenue. With the acquisition of this additional equipment our solids
control  division (RDS) can be assured of meeting the demand for their services.
The company recently has employed two additional employees, consisting of a well
known sales representatives and knowledgeable, well respected though the oil and
gas industry.

Currently, we are not generating sufficient revenue to meet our annual operating
overhead which is estimated at approximately  $500,000.  We will need additional
money to fund our future operations. We may seek additional capital from private
placements  of equity and debt.  In the event that we are unable to obtain funds
from  outside  sources,  Mr.  Royis  Ward may  personally  advance  money to the
company.






                                       11
<PAGE>

Forward Looking Statements

Under Rule 175, we caution readers regarding forward looking statements found in
this report and in any other statement made by, or on our behalf, whether or not
in future filings with the Securities and Exchange  Commission.  Forward-looking
statements are statements not based on historical  information  and which relate
to future  operations,  strategies,  financial  results  or other  developments.
Forward looking  statements are necessarily based upon estimates and assumptions
that are inherently  subject to significant  business,  economic and competitive
uncertainties and  contingencies,  many of which are beyond our control and many
of which,  with  respect to future  business  decisions,  are subject to change.
These  uncertainties and contingencies can affect actual results and could cause
actual results to differ  materially from those expressed in any forward looking
statements made by or on our behalf.



<PAGE>




ITEM 7.       Financial Statements

                          Index to Financial Statements


Independent Accountant's Report.......................................   F-3
Financial Statements
       Balance Sheets.................................................   F-4
       Statements of Consolidated Stockholders' (Defecit).............   F-5
       Statements of Consolidated Operations..........................   F-6
       Statements of Consolidated Cash Flows..........................F-7 - F-8
       Notes to Financial Statements..................................F-9 - F-16



ITEM  8.  Changes  In and  Disagreements  With  Accountants  on  Accounting  and
Financial Disclosure.

ITEM 8A.    Controls and Procedures.

(a)      Evaluation of Disclosure Controls and Procedures.

         Within the 90 days prior to the date of this Annual Report for the year
ended  December 31, 2003, we believe that the former  management  carried out an
evaluation,  under the supervision and with the participation of our management,
including  the  Company's  Chairman  and Chief  Executive  Officer and the Chief
Financial  Officer,  of the  effectiveness  of the design and  operation  of our
disclosure  controls and  procedures  pursuant to Rule 13a-14 of the  Securities
Exchange  Act of 1934  (the  "Exchange  Act"),  which  disclosure  controls  and
procedures are designed to insure that information required to be disclosed by a
company  in the  reports  that it files  under  the  Exchange  Act is  recorded,
processed, summarized and reported within required time periods specified by the
SEC's rules and forms.  Based upon that  evaluation,  the Chairman and the Chief
Financial  Officer  concluded  that our  disclosure  controls and procedures are
effective  in timely  alerting  them to  material  information  relating  to the
Company required to be included in the Company's period SEC filings.

(b)      Changes in Internal Control.

Subsequent to the date of such evaluation as described in  subparagraph(a)above,
there were no significant changes in our internal controls or other factors that
could significantly affect these controls,  including any corrective action with
regard to significant deficiencies and material weaknesses.

PART III



                                       12
<PAGE>

ITEM 9.  Directors, Executive Officers, Promoters, and Control Persons:

              Compliance With Section 16(a) of the Exchange Act

         The  following  table  lists the  names,  ages,  and  positions  of the
executive  officers and  directors  of the Company  that served  during the year
ending  December 31, 2003.  All officers and  directors  have been  appointed to
serve until their successors are elected and qualified.  Additional  information
regarding the business experience,  length of time served in each capacity,  and
other matters relevant to each individual is set forth following the table.

The officers and directors of the Company are as follows:

 Name                          Age      Position

Royis Ward                     70       President, CEO, Director

Michael Ward                   48       Secretary/Treasurer, Director

         Royis  Ward has been the  President  and  Director  of  Sailtech  since
January 2003. During 2003 until his resignation on October 1, 2003, he served as
Secretary/Treasurer  and a  Director  of  Tidelands  Oil &  Gas  Corporation,  a
publicly  held  company.  Mr. Ward had served in the  Tideland's  offices  since
October  21,  1998.  He has  been  engaged  in the oil and  gas  industry  since
graduation from Tyler Junior College,  Tyler, Texas in 1952.  Initially,  he was
employed as a  production  superintendent  and  landman for  Coffield & Guthrie,
Inc., a large  independent oil and gas operator and thereafter  placed in charge
of pipeline and drilling operations from 1952-1955. In 1955, he began to develop
oil  and  gas  properties  for his own  account  as an  independent  oil and gas
operator  throughout the southwest until 1962. At that time, he became President
of Omega Petroleum Corporation,  Shreveport, Louisiana. Thereafter, he continued
as an independent oil and gas operator drilling individual in excess of 50 wells
in the South  Texas  Area.  In 1968,  he became the  President  and CEO of Omega
Minerals,  Inc. and was instrumental in acquiring vast oil and gas properties by
drilling, development, and re-acquisitions.  In 1985, Tidelands Oil Corporation,
a Texas  Corporation,  was formed for the purpose of drilling and developing oil
and gas properties in South Texas.

         Michael  Ward  has  bee  the  Secretary/Treasurer  and  a  Director  of
Ecoloclean since January 2003. He is also the President, Chief Executive Officer
and Director of the Tidelands Oil & Gas Corporation.  Michael Ward has served in
the  Tideland's  offices since October 21, 1998. Mr. Ward has more than 25 years
of  diversified  experience as an oil and gas  professional.  He was educated in
business  management and  administration at Southwest Texas State University and
the  University  of Texas.  He has wide  experience  in the capacity in which he
successfully  served in operating  oil and gas  companies in the United  States.
During the past 20 years, he has been associated with Century Energy Corporation
where  his  duties   and   responsibilities   were   production   and   drilling
superintendent and supervised 300 re-completions and new drills in Duval County,
Texas. In association with Omega Minerals, Inc., where he was vice president and
part owner,  he  operated  65 wells in 23  counties in South and West Texas:  17
wells in Seminole and Osage  Counties,  Oklahoma,  44 wells in Neosho and Wilson
Counties,  Kansas and 125 wells in Brown,  Pike,  Schuyler  and Scott  Counties.
Illinois.  He was president and owner of Major  Petroleum  Company.  He drilled,
completed  and produced 42 wells in South and West Texas  counties.  The company
was sold. With Tidelands Oil  Corporation,  his duties included  supervising and
performing  remedial  well  work,  work-overs  and  economic  evaluation  of the
corporate  properties.  The  primary  area of interest  was in Maverick  County,
Texas. He has performed  project  financing  analysis and consulting of refinery
acquisitions  for the Yemen  government.  Currently,  he is negotiating  new gas
purchase and sale contracts,  supervising and administering the sale of gas line
connections and hookups.

Compliance  with Section  16(a) of the  Securities  Exchange Act of  1934Section
16(a) of the  Securities  Exchange Act of 1934 requires the Company's  directors
and  executive  officers,  and  persons  who own more than 10% of the  Company's
Common  Stock,  to file with the  Securities  and  Exchange  Commission  initial
reports of beneficial  ownership and reports of changes in beneficial  ownership
of  Common  Stock of the  Company.  Officers,  directors  and  greater  than 10%


                                       13
<PAGE>

shareholders  are required by the Securities and Exchange  Commission to furnish
the Company with copies of all section 16(a) reports they file.  Based solely on
copies of such forms  furnished as provided  above,  or written  representations
that no Forms 5 were required,  the Company believes that during the fiscal year
ended December 31, 2003, all Section 16(a) filing requirements applicable to its
executive  officers,  directors  and  beneficial  owners of more than  10%of its
Common Stock were complied with, except as follows:

CODE OF ETHICAL CONDUCT.

On May 15, 2003, our board of directors adopted our code of ethical conduct that
applies to all of our employees and directors, including our principal executive
officer,   principal   financial  officer,   principal   accounting  officer  or
controller, and persons performing similar functions.

We believe the adoption of our Code of Ethical  Conduct is  consistent  with the
requirements of the Sarbanes-Oxley Act of 2002.

         Our Code of Ethical  Conduct is  designed  to deter  wrongdoing  and to
         promote:

         Honest and ethical conduct, including the ethical handling of actual or
         apparent  conflicts  of  interest  between  personal  and  professional
         relationships;

         Full, fair, accurate,  timely and understandable  disclosure in reports
         and  documents  that we file or submit  to the  Securities  &  Exchange
         omission and in other public communications made by us;

         Compliance with applicable governmental laws, rules and regulations,

         The  prompt  internal  reporting  to an  appropriate  person or persons
         indentified  in the code of violations of our Code of Ethical  Conduct;
         and

         Accountability for adherence to the Code.

ITEM 10. Executive Compensation


The following sets forth the  compensation of the officers of the Company in the
year ended December 31, 2003.

Summary Compensation.

The  following  table sets forth the  compensation  paid by the  Company  during
fiscal year 2003 to its officers.  This information includes the dollar value of
base  salaries,  bonus awards and number of stock options  granted,  and certain
other compensation, if any.

Table 1.
                                                                    Securities
                                                                    Underlying
Name and Position          Year        Salary        Bonus          Options/SARs

Royis Ward                 2003       $120,000        -0-               -0-
Director,President

Michael Ward               2003         -0-           -0-               -0-
Sec/Treas., Director

Notes:
(1)

Compensation of Directors.
--------------------------
The members of the Board of  Directors  are not  compensated  by the Company for
acting as such.



                                       14
<PAGE>

ITEM 11.   Security Ownership of Certain Beneficial Owners and Management

The  following  table sets forth the Common Stock  ownership  information  as of
December 31, 2003, with respect to(i) each person known to the Company to be the
beneficial  owner of more  than 5% of the  Company's  Common  Stock;  (ii)  each
director  of the  Company;  and  (iii) all  directors,  executive  officers  and
designated  stockholders  of the  Company  as a group.  This  information  as to
beneficial ownership was furnished to the Company by or on behalf of the persons
named.  Unless  otherwise  indicated,  each has sole voting and investment power
with respect to the shares  beneficially  owned.  The  percentages  are based on
32,500,664 shares issued and outstanding as of December 31, 2003.

(a)      Beneficial Ownership of more than 5% based on 32,500,664 common shares.

         (1)                (2)                    (3)                 (4)
Title of Class         Name and Address     Amount and Nature   Percent of Class
Common Stock


Michael Ward(1)(2)     1862 Bitters Rd.        6,000,000              18.47%
                       San Antonio, TX

Royis Ward(1)(2)       5902 Fenway St.         6,000,000              18.47%
                       Corpus Christi, TX

Michael Richardson(2)  950 Birdsong St.        4,000,000              12.31%
                       Lafayette, LA


Total                                         16,000,000              49.25%


(b)Security  Ownership of Management.  Based on 32,500,664 shares as of December
31, 2003.

Table 2.

Title of Class         Name and Address     Amount and Nature   Percent of Class

Michael Ward(1)        1862 W. Bitters Rd.     6,000,000              18.47%
                       San Antonio, TX

Royis Ward(1)          5902 Fenway St.         6,000,000              18.47%
                       Corpus Christi, TX

Total                                         12,000,000               36.94%

Directors as a group owned 36.94% of the Company's issued and outstanding stock.

Notes:
------
(1) Directors and Officers


ITEM 12.  Certain Relationships and Related Transactions

During  the last  quarter  of 2002,  we  entered  into a  Settlement  and  Stock
Redemption  Agreement with the Phillips  Family Limited  Partnership  and others
regarding  the original  purchase of the 7,500,000  shares.  The purpose of this
Settlement  Agreement was to remedy the Company's $5,625,000 default pursuant to
Phillips'  exercise of the  7,500,000  share Put Option.  We settled the default
with the execution of the Settlement Agreement by executing a promissory note in
the amount of $31,000. The $31,000 represents $25,000 paid for the redemption of


                                       15
<PAGE>

the 7,500,000 and $6,000 in related legal expenses.  The Agreement  provided for
the  cancellation  of  the  2,000,000  common  share  warrants.  The  Settlement
Agreement  is subject  to the  transactions  and  provisions  of the  Settlement
Agreement not being successfully  challenged by any Company shareholder,  or the
Subsidiaries or any other person. The Settlement  Agreement was filed as Exhibit
10.2 to our Current Report on Form 8-K filed on January 14, 2003.

ITEM 13.      Exhibits and Reports on Form 8-K

(a) Reports on Form 8-K.

         1. On  December  18,  2003,  we  filed a  Current  Report  on Form  8-K
disclosing  an amendment to our  Articles of  Incorporation  under Item 5, Other
Events and Regulation FD Disclosure.

(b)      Exhibits

         *3.1     Articles of Incorporation of Sailtech International,  Inc.., a
                  Nevada corporation, formerly Argonaut Resources, Ltd.
         *3.2     Articles of Amendment Sailtech  International,  Inc., formerly
                  Argonaut Resources, Ltd.
         *3.3     Articles of Amendment of Sailtech International, Inc. changing
                  name  to  Ecoloclean  Industries,   Inc.  filed  Form  8-K  on
                  12-18-03.
         *3.4     Bylaws of Sailtech International, Inc.
         *3.5     General License Agreement and Assignment.
         *20.1    Code of Ethical Conduct
         21       List of Subsidiaries
         23       Consent of Independent Certifying Accountant
         31.1     Chief Executive  Officer-Section 302 Certification pursuant to
                  Sarbane-Oxley Act.
         31.2     Chief Financial Officer- Section 302 Certification pursuant to
                  Sarbane-Oxley Act.
         32.1     Chief Executive  Officer-Section 906 Certification pursuant to
                  Sarbane-Oxley Act.
         32.4     Chief Financial Officer- Section 906 Certification pursuant to
                  Sarbane-Oxley Act.

* Previously filed.

ITEM 14.  Principal Accountant Fees and Services.

         The Company paid or accrued the following fees in each of the prior two
fiscal years to its principal  accountant,  Baum & Co.,  P.A. of Coral  Springs,
Florida.

                                         Year End     Year End
                                         12-31-03     12-31-02

(1)      Audit Fees                      $ 31,970     $      0
(2)      Audit-related Fees                     0            0
(3)      Tax Fees                               0            0
(4)      All other fees                    31,970            0

     Total Fees

The Company has no formal audit committee. However, as defined in Sarbanes-Oxley
Act of 2002,  the entire  Board of  Directors  is the  Company's  defacto  audit
committee.

The Company's  principal  accountant,  Baum & Co., P.A. did not engage any other
persons or firms  other than the  principal  accountant's  full-time,  permanent
employees.



                                       16
<PAGE>

                                   SIGNATURES

Pursuant to the  requirements of Section 13 or 15(d) to the Securities  Exchange
Act of 1934,  the Company has duly caused this Form 10-KSB Report for the period
ending  December  31,  2003  to be  signed  on its  behalf  by the  undersigned,
thereunto duly authorized on this 30th day of March, 2004.


                                            ECOLOCLEAN INDUSTRIES, INC.


                                            BY: /s/ Royis Ward
                                               ---------------------------------
                                               Royis Ward, President


Pursuant to the requirements of the Securities Exchange Act of 1934, this report
has been  signed  below by the  following  persons on behalf of the  Company and
inthe capacities and on the dates indicated.



Date: March 30, 2004                           /s/ Royis Ward
                                              ----------------------------------
                                              Royis Ward, President, Director


                                               /s/ Michael Ward
                                              ----------------------------------
                                              Michael Ward, Secretary/Treasurer,
                                              Director





















                                       17
<PAGE>


                           ECOLOCLEAN INDUSTRIES, INC.
                        CONSOLIDATED FINANCIAL STATEMENTS
                      YEAR ENDED DECEMBER 31, 2003 AND THE
                    PERIOD JUNE 11, 2002 TO DECEMBER 31, 2002




































<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                        CONSOLIDATED FINANCIAL STATEMENTS
                      YEAR ENDED DECEMBER 31, 2003 AND THE
                    PERIOD JUNE 11, 2002 TO DECEMBER 31, 2002



                               TABLE OF CONTENTS





INDEPENDENT AUDITOR'S REPORT.......................................          F-3

CONSOLIDATED FINANCIAL STATEMENTS:

          Consolidated Balance Sheet...............................          F-4

          Statements of  Consolidated Stockholders' (Deficit)......          F-5

          Statements of Consolidated Operations....................          F-6

          Statements of Consolidated Cash Flows....................    F-7 - F-8

          Notes to Consolidated Financial Statements ..............   F-9 - F-16








<PAGE>

                              BAUM & COMPANY, P.A.
                        1515 UNIVERSITY DRIVE, SUITE 209
                          CORAL SPRINGS, FLORIDA 33071




                          INDEPENDENT AUDITOR'S REPORT

Board of Directors
Ecoloclean Industries, Inc.
San Antonio, Texas

We have  audited  the  accompanying  consolidated  balance  sheet of  Ecoloclean
Industries,  Inc.  as  of  December  31,  2003,  and  the  related  consolidated
statements of stockholders' (deficit),  operations,  and cash flows for the year
ended December 31, 2003 and the period June 11, 2002 to December 31, 2002. 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 audit.

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

In our opinion, the consolidated  financial statements referred to above present
fairly,  in all  material  respects,  the  consolidated  financial  position  of
Ecoloclean  Industries,  Inc. as of  December  31, 2003 and the results of their
consolidated  operations  and their  consolidated  cash flows for the year ended
December  31,  2003  and the  period  June  11,  2002 to  December  31,  2002 in
conformity with accounting principles generally accepted in the United States of
America.



Baum & Company, P.A.
Coral Springs, Florida
March 25, 2004

                                       F-3


<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                           CONSOLIDATED BALANCE SHEET
                                DECEMBER 31, 2003

                                     ASSETS
                                     ------
Current Assets:
      Cash                                                             $  2,532
      Accounts Receivable                                                77,037
      Prepaid Expenses                                                   19,616
                                                                     ----------
         Total Current Assets                                            99,185
                                                                     ----------

Property, Plant and Equipment, (Net)                                    425,718
                                                                     ----------

Other Assets:
      Deposit                                                               200
License Costs (Net)                                                      20,528
      Intangible Assets                                                  33,585
                                                                     ----------
         Total Other Assets                                              54,313
                                                                     ----------

         Total Assets                                                $  579,216
                                                                     ==========

                     LIABILITIES AND STOCKHOLDERS' (DEFICIT)

Current Liabilities:
      Accounts Payable and Accrued Expenses                          $  488,823
      Note Payable                                                       27,414
                                                                     ----------
         Total Current Liabilities                                      516,237

Due to Related Parties                                                  775,369
                                                                     ----------

         Total Liabilities                                            1,291,606
                                                                     ----------

Stockholders' (Deficit)
      Preferred Stock, $0.001 par value per share,
        10,000,000 shares, authorized 0 shares
        issued and outstanding                                              --
        Common Stock, $0.0001 par value per share,
         100,000,000 shares authorized, 32,500,664
         shares issued and outstanding                                    3,250
      Additional Paid-in Capital                                        190,558
      Accumulated (Deficit)                                            (906,198)
                                                                     ----------

         Total Stockholders' (Deficit)                                 (712,390)
                                                                     ----------

         Total Liabilities and Stockholders' (Deficit)               $  579,216
                                                                     ==========


           See Accompanying Notes to Consolidated Financial Statements

                                       F-4


<PAGE>
<TABLE>
<CAPTION>

                           ECOLOCLEAN INDUSTRIES, INC.
               STATEMENTS OF CONSOLIDATED STOCKHOLDERS' (DEFICIT)
                    FOR THE PERIOD JUNE 11, 2002 (INCEPTION)
                              TO DECEMBER 31, 2003




                                                                                  Stock                         Total
                                  Common Stock                    Additional    Subscription   Accumulated    Stockholders'
                                 Shares  Issued     Amount     Paid-In Capital  Receivable      (Deficit)      (Deficit)
                                   -----------    -----------    -----------    -----------    -----------    -----------

<S>                               <C>             <C>            <C>            <C>            <C>            <C>
Balance - June 11, 2002                      0    $         0    $         0    $         0    $         0    $         0

Initial Issuance
 Of  Common Stock                      400,000            400         39,600        (10,000)          --           30,000

Acquisition of World
Environmental
Technologies, Inc.                     100,000            100          9,900                                       10,000

Net (Loss) For the Period                                                                         (111,775)      (111,775)
                                   -----------    -----------    -----------    -----------    -----------    -----------

Balance -
December 31, 2002                      500,000    $       500    $    49,500    $   (10,000)   $  (111,775)   $   (71,775)

Reverse Merger
Transaction:
  Shares Outstanding                10,092,435         10,092                                                      10,092
  Exchange
      Existing Shares                 (500,000)          (500)       (49,500)                                     (50,000)
      New Issuances                 20,000,000         20,000                                                      20,000
      Net Deficit at Time
       of Reverse  Merger                                           (103,558)                                    (103,558)
Collection of Stock
   Subscription                                                                      10,000                        10,000

Stock Issuances:
    Sale of Common Stock               357,140           357         24,643                                        25,000
    For Payment of
      Accounts Payable                 326,089            327         81,947                                       82,274
   For Services And
      Compensation                   1,725,000          1,725        152,275                                      154,000

Shareholder Assumption
  Of Liability                                                         6,000                                        6,000
Recapitalization of Par
  Value                                               (29,251)        29,251                                         --
Net (Loss) For
  The Period                                                                                      (794,423)      (794,423)
                                   -----------    -----------    -----------    -----------    -----------    -----------

Balance
  December 31, 2003                 32,500,664    $     3,250    $   190,558    $         0    $  (906,198)   $  (712,390)
                                   ===========    ===========    ===========    ===========    ===========    ===========
</TABLE>





           See Accompanying Notes to Consolidated Financial Statements
                                       F-5

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                      STATEMENTS OF CONSOLIDATED OPERATIONS


                                                               For The Period
                                      For Year Ended          June 11, 2002 to
                                     December 31, 2003        December 31, 2002
                                     -----------------        -----------------

Revenues                             $         329,845        $          99,659
                                     -----------------        -----------------

Expenses:
      Cost of Sales                            169,917                   42,801
      Operating Expenses                       151,798                        0
      Depreciation & Amortization               41,692                    7,766
      Interest                                  34,251                      970
      Officer's Salary                         120,000                   40,000
      General and Administrative               606,610                  119,897
                                     -----------------        -----------------

      Total Expenses                         1,124,268                  211,434
                                     -----------------        -----------------

Net (Loss)                           $        (794,423)       $        (111,775)
                                     =================        =================

Net (Loss) Per Common Share
      Basic and Diluted              $           (0.03)       $           (0.00)
                                     =================        =================

Weighted Average Number of Common
      Shares Outstanding, Basic
         And Diluted                        31,296,350               30,092,035
                                     =================        =================















           See Accompanying Notes to Consolidated Financial Statements
                                       F-6

<PAGE>
<TABLE>
<CAPTION>

                           ECOLOCLEAN INDUSTRIES, INC.
                      STATEMENTS OF CONSOLIDATED CASH FLOWS


                                                                             For Year Ended
                                                         For The Period     June 11,2002 to
                                                           December 31,       December 31,
                                                               2003               2002
                                                         ---------------    ---------------
<S>                                                      <C>                <C>
Cash Flows Provided (Required) By
  Operating Activities:
  Net (Loss)                                             $      (794,423)   $      (111,775)
  Adjustments to Reconcile Net (Loss)
      to Net Cash Provided (Required) By
      Operating Activities:
  Depreciation and Amortization                                   41,692              7,766
  Issuance of Common Stock
      For Services Provided                                      154,000                  0
  Officer's Salary Accrual                                       120,000             40,000
  Cash Effects of Changes, Net of Effects
      From Acquired Company:
         Accounts Receivable                                     (48,367)           (25,285)
         Prepaid Expenses                                         (4,843)           (10,477)
         Deposits                                                   (200)                 0
         Accounts Payable and Accrued Expenses                   238,634             67,653
         Customer Deposits                                       (65,000)            65,000
         Current Maturities of Long-Term Debt                     (6,433)                 0
                                                         ---------------    ---------------
Net Cash (Required) Provided by Operating Activities            (364,940)            32,882
                                                         ---------------    ---------------

Cash Flows Provided (Required) By
  Investing Activities:
      Purchase of World Environmental
      Technologies, Inc. Net of Required Cash                          0              1,734
      Acquisition of License                                           0            (27,993)
      Purchases of Property, Plant and
      Equipment Net of Effects From
      Acquired Company                                              --             (129,514)
      Purchases of Property, Plant and Equipment                (331,006)              --
                                                         ---------------    ---------------

Net Cash (Required) By Investing Activities                     (331,006)          (155,773)
                                                         ---------------    ---------------

Cash Flows Provided (Required) By
   Financing Activities:
       Proceeds From Collection of
       Stockholder Subscriptions                                  10,000                  0
       Note Payable Paid by Stockholder                            6,000                  0
       Proceeds From Issuance of Common Stock                     25,000             30,000
       Repayment of Loan From Acquired Company                         0            (25,000)
       Repayment of Loans From Related Parties                   (30,891)                 0
       Proceeds of Loans From Related Parties                    687,665            118,595
                                                         ---------------    ---------------
Net Cash Provided by Financing Activities                        697,774            123,595
                                                         ---------------    ---------------

Net Increase in Cash                                               1,828                704
Cash at Beginning of Period                                          704                  0
                                                         ---------------    ---------------
Cash at End of Period                                    $         2,532    $           704
                                                         ===============    ===============
</TABLE>

           See Accompanying Notes to Consolidated Financial Statements
                                       F-7

<PAGE>


                           ECOLOCLEAN INDUSTRIES, INC.
                      STATEMENTS OF CONSOLIDATED CASH FLOWS


                                   (CONTINUED)


                                                                For The Period
                                                                 June 11, 2002
                                                 For Year Ended        To
                                                  December 31,    December 31,
                                                      2003            2002
                                                 --------------   --------------
Supplemental Disclosures of Cash
   Flow Information
        Cash Payments for Interest               $        9,459   $          201
                                                 ==============   ==============
        Cash Payments for Income Taxes           $            0   $            0
                                                 ==============   ==============

Non-Cash Financing Activities:
   Issuance of Common Stock:
          Consulting and Compensation            $      154,000   $            0
          Payment of Accounts Payable                    82,274                0
          Acquisition of World Environmental
            Technologies, Inc.                                0           10,000
          Excess of Liabilities Over Assets
            Resulting From Acquisition of World
            Environmental Technologies, Inc.                  0           23,585
                                                 --------------   --------------

Total Non-Cash Financing Activities              $      236,274   $       33,585
                                                 ==============   ==============
















           See Accompanying Notes to Consolidated Financial Statements
                                       F-8

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
------    ------------------------------------------

          This summary of significant accounting policies is presented to assist
          in  understanding  these  consolidated   financial   statements.   The
          consolidated  financial  statements and notes are  representations  of
          management who are responsible  for their  integrity and  objectivity.
          The  accounting   policies  used  conform  to  accounting   principles
          generally  accepted  in the  United  States of  America  and have been
          consistently   applied  in  the  preparation  of  these   consolidated
          financial statements.

          Organization
          ------------

          On June 11, 2002, Ecoloclean,  Inc., the Company,  incorporated in the
          state of Texas.  On September 1, 2002 the Company  acquired all of the
          outstanding  shares  of  World  Environmental  Technologies,  Inc.  On
          January  14, 2003 the Company  completed  a reverse  acquisition  with
          Sailtech  International,  Inc.  and the  Company  changed  its name to
          Ecoloclean Industries, Inc.

          Business
          --------

          The Company and its subsidiaries operates under a worldwide,  industry
          exclusive and perpetual license to manufacture machines, pursuant to a
          patent,  for the  treatment of  contaminated  water  through a process
          known as  electrocoagulation.  The industry exclusivity shall apply to
          the petroleum  exploration,  petroleum,  chemical,  transportation and
          refining industries.

          Principles of Consolidation
          ---------------------------

          The  accompanying   consolidated   financial  statements  include  the
          accounts  of  the  Company  and  its  wholly-owned  subsidiaries.  All
          material inter-company items and transactions have been eliminated.

          Fair Value of Financial Instruments
          -----------------------------------

          The Company has adopted  Statement of Financial  Accounting  Standards
          No. 107 "Disclosures About Fair Value of Financial Instruments", which
          requires the disclosures of the fair value of off-and-on balance sheet
          financial instruments.  Unless otherwise indicated, the fair values of
          all  reported  assets  and  liabilities,   which  represent  financial
          instruments (none of which are held for trading purposes), approximate
          the carrying values of such amounts.

                                       F-9

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003

NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
------    ------------------------------------------------------

          Use of Estimates
          ----------------

          The  preparation of  consolidated  financial  statements in accordance
          with accounting  principles generally accepted in the United States of
          America requires management to use estimates and make judgments. While
          management has considered  all available  information,  actual amounts
          could  differ  from those  reported  as assets,  liabilities,  related
          revenues,   costs  and   expenses   and  the   disclosed   amounts  of
          contingencies.

          Property, Plant and Equipment
          -----------------------------

          Property,  plant  and  equipment  are  recorded  at  historical  cost.
          Depreciation  of  property,  plant and  equipment  is  provided on the
          straight-line  method over the  estimated  useful lives of the related
          assets.  Maintenance and repairs are charged to operations.  Additions
          and  betterments,  which  extend  the  useful  lives of the assets are
          capitalized.  Upon  retirement or disposal of the property,  plant and
          equipment,  the cost and accumulated  depreciation are eliminated from
          the  accounts,  and  the  resulting  gain  or  loss  is  reflected  in
          operations.

          Goodwill and Purchased Intangible Assets
          ----------------------------------------

          Statement of Financial  Accounting  Standards  No. 142  "Goodwill  and
          Other Intangible  Assets" ("SFAS 142") requires  goodwill to be tested
          for impairment, on an annual basis and between annual tests in certain
          circumstances,  and  written  down when  impaired,  rather  than being
          amortized as previous accounting standards required. Furthermore, SFAS
          142 requires  purchased  intangible  assets other than  goodwill to be
          amortized over their useful lives unless these lives are determined to
          be indefinite.

          Based upon the impairment tests performed,  there was no impairment of
          goodwill  for the  year  ended  December  31,  2003.  There  can be no
          assurance that future goodwill  impairment  tests will not result in a
          charge to earnings.

          Purchased  intangible  asset (The "License  Agreement")  is carried at
          cost less accumulated amortization.  Amortization is computed over the
          estimated economic useful life of the underlying patent of five years.



                                      F-10

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003



NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
------    ------------------------------------------------------

          Impairment of Long-Lived Assets
          -------------------------------

          Long-lived  assets and certain  identifiable  intangible  assets to be
          held and used are reviewed for impairment  whenever  events or changes
          in circumstances  indicate that the carrying amount of such assets may
          not be recoverable.  Determination  of  recoverability  is based on an
          estimate of  undiscounted  future cash flows resulting from the use of
          the asset and its eventual  disposition.  Measurement of an impairment
          loss for long-lived assets and certain identifiable  intangible assets
          that management  expects to hold and use is based on the fair value of
          the asset.  Long-lived  assets  and  certain  identifiable  intangible
          assets to be disposed of are reported at the lower of carrying  amount
          or fair value less costs to sell.

          Revenue Recognition
          -------------------

          The  Company  recognizes  revenue on service  contracts  ratably  over
          applicable  contract  periods or as services  are  performed.  Amounts
          billed and collected before the services are performed are included in
          deferred  revenues.  Amounts  collected  but not  billed,  before  the
          services are performed, are included in customer deposits.

             Income Taxes
             ------------

          The Company  accounts for income taxes in accordance with Statement of
          Financial  Accounting  Standards  109 ("SFAS  109"),  "Accounting  for
          Income  Taxes,"  which  requires the  establishment  of a deferred tax
          asset or liability for the recognition of future deductions or taxable
          amounts and  operating  loss  carryforwards.  Deferred  tax expense or
          benefit is recognized as a result of the change in the deferred  asset
          or liability during the year. If necessary, the Company will establish
          a valuation  allowance  to reduce any  deferred tax asset to an amount
          which will, more likely than not, be realized.






                                      F-11

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003


NOTE 1 -  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
------    ------------------------------------------------------

          Net (Loss) Per Common Share
          ---------------------------

          The Company  accounts  for earnings  (losses) per share in  accordance
          with  Statement  of  Financial  Accounting  Standard  128 ("SFAS 128")
          "Earnings per Share".  Basic earnings (losses) per share is based upon
          the net earnings (losses)  applicable to common shares after preferred
          dividend  requirements  and upon the weighted average number of common
          shares  outstanding  during the period.  Diluted earnings (losses) per
          share  reflects the effect of the assumed  conversions  of convertible
          securities  and exercise of stock options only in the periods in which
          such affect would have been dilutive.

          Concentrations
          --------------

          The Company  receives  certain of its components  from sole suppliers.
          Additionally,  the  Company  relies  on a limited  number of  contract
          manufacturers and suppliers to provide manufacturing  services for its
          products.  The inability of any contract  manufacturer  or supplier to
          fulfill supply  requirements  of the Company could  materially  impact
          future operating results.

          Recent Accounting Pronouncements
          --------------------------------

          In October  2001,  the FASB issued  Statement of Financial  Accounting
          Standard  Boards No. 144 "Accounting for the Impairment or Disposal of
          Long-Lived Assets" ("SFAS 144"). The Company is required to adopt SFAS
          144 no later than the first  quarter  of 2003.  The  company  does not
          expect  the  adoption  of SFAS 144 to have a  material  effect  on its
          consolidated operating results or financial position.











                                      F-12

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003


NOTE 2 -  ACQUISITION  OF ECOLOCLEAN INDUSTRIES, INC.
------    --------------------------------------------

          On January 1, 2003, Sailtech International, Inc. approved the issuance
          of 20,000,000  restricted shares of common stock at a value of $20,000
          to six  individuals  in exchange for 500,000 shares of common stock of
          Ecoloclean,  Inc., a Texas corporation.  This transaction is evidenced
          by a  Business  Combination  Agreement  dated  January 1, 2003 and was
          recorded as a reverse  acquisition.  The 500,000 shares of Ecoloclean,
          Inc.  constituted 100% of the total outstanding  shares of Ecoloclean,
          Inc. The issuance of the  20,000,000  shares of the  Company's  common
          stock  constituted  65.68%  of the  total  outstanding  shares  of the
          Company  after the  transaction  was  completed.  After the  foregoing
          transaction,  there were  30,092,035  shares of the  Company's  common
          stock outstanding.

          Ecoloclean,  Inc. is engaged in the business of treating  contaminated
          water through a process known as "Electrocoagulation".


                          Sailtech International, Inc.
                             Pro-Forma Balance Sheet
                                 January 1, 2003

Current Assets                                                        $  44,147
Property, Plant and Equipment, Net                                      130,805
Other Assets                                                             59,712
                                                                      ---------

Total Assets                                                          $ 234,664
                                                                      =========

Current Liabilities                                                   $ 311,310
Due to Related Parties                                                  118,595
Stockholders' (Deficit)                                                (195,241)
                                                                      ---------

Total Liabilities and Stockholders' (Deficit)                         $ 234,664
                                                                      =========







                                      F-13

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003

NOTE 3 -  LICENSE COSTS
------    --------------

          The  Company  acquired  an  industry  exclusive,  perpetual  worldwide
          license  to  commercialize  the  inventions  on  patents  and  market,
          manufacture,   sell,   lease   and,   or   utilize,   for   processing
          electrocoagulation   units  for  the  treatment  of  effluent   water.
          Royalties are $3,000 per unit  manufactured and 2% of gross processing
          revenues.

          A  summary  of  license  costs  amortized  over a  5-year  life are as
          follows:

                   License                                    $      27,993
                   Less:  Accumulated Amortization                    7,465
                                                              -------------
                                                              $      20,528
                                                              =============

NOTE 4 -  PROPERTY, PLANT AND EQUIPMENT
------    -----------------------------

          A summary of property,  plant and equipment at December 31, 2003 is as
          follows:

                                                                     Estimated
                                                                   Economic Life
                                                                   -------------

          Land                                          $     80,000         N/A
          Warehouse                                           29,726    40 Years
          Electrocoagulation Units                           184,358     5 Years
          Machinery & Equipment                              137,996     5 Years
          Office Equipment                                     2,911     5 Years
          Computers & Related Equipment                        7,236     5 Years
          Transportation Equipment                            25,713     5 Years
                                                        ------------
                   Total                                     467,940
          Less Accumulated Depreciation                       42,222
                                                        ------------
              Net Property, Plant & Equipment           $    425,718
                                                        ============










                                      F-14

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003


NOTE 5 -  NOTE PAYABLE
------    ------------

          The Company has entered into an agreement to factor  certain  accounts
          receivable.  Under  this  agreement,  the  Company  may  receive up to
          seventy  percent of the account  balance at an interest rate of 2% per
          month on the outstanding factored balance.

NOTE 6 -  RELATED PARTY TRANSACTIONS
------    --------------------------

          The Board of Directors have approved  salaries for services  provided.
          The  liability  to the  officers  for these  salaries  is  included in
          accounts payable. At December 31, 2003 the cumulative amount of unpaid
          officer's salaries is as follows:

                       Services Provided For The Years
                         Ended December 31, 2002
                          And December 31, 2003                   $    160,000
                                                                  ============

          At December 31, 2003 cumulative advances bearing annual interest at 5%
          due to the officers of the Company  amount to $775,369 plus $23,225 of
          accrued  interest.  These  advances  are due January 10, 2005 with the
          right of prepayment.

NOTE 7 -  INCOME TAXES
------    ------------
          The  Company  files a  consolidated  federal  income  tax  return.  At
          December 31, 2003, the Company had a net operating  loss  carryforward
          of approximately  $735,576  available to offset future federal taxable
          income  through  2023.  The  components of the deferred tax assets and
          liabilities accounts at December 31, 2003 are as follows:


                            Total Deferred Tax Assets             $    250,095
                            Less:  Valuation Allowance                 250,095
                                                                  ------------
                            Deferred Tax Asset (Liability)        $          0
                                                                  ============





                                      F-15

<PAGE>

                           ECOLOCLEAN INDUSTRIES, INC.
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
                                DECEMBER 31, 2003


NOTE 8 -  CAPITAL TRANSACTIONS
------    --------------------

          On  January  14,  2003 the  Company  issued  20,000,000  shares of its
          restricted   common  stock  valued  at  $20,000  to  acquire  100%  of
          Ecoloclean, Inc.

          On January 14, 2003 as a result of the reverse acquisition of Sailtech
          International,   Inc.  by  Ecoloclean,   Inc.,  the  Company  acquired
          10,092,435 shares of common stock.

          On  January  14,  2003,  the  Company  issued  357,140  shares  of its
          restricted common stock for $25,000.

          On  January  14,  2003,  the  Company  issued  450,000  shares  of its
          restricted  common stock for  consulting  services  valued at $28,800.
          These shares were issued May 12, 2003.

          On March 31, 2003, the Company issued 250,000 shares of its restricted
          common stock for consulting  services valued at $16,000.  These shares
          were issued May 12, 2003.

          On August 24,  2003,  the Company  approved  the issuance of 1,000,000
          restricted common shares for legal services valued at $100,000.

          On December  27,  2003,  the Company  approved  the issuance of 25,000
          restricted common shares for consulting services valued at $9,200.

NOTE 9 -  SUBSEQUENT EVENTS
------    -----------------

          Approved  on January  2,  2004,  the  issuance  of  100,000  shares of
          restricted common stock valued at $237,000 for consulting services.









                                      F-16