History:

2001/2004 - Massimo Ballerini develops the new Tetrahedric Model
                   for 'quantization colors' and sets up RGB Channel srl together with a group 
                   of Italian Angel Investors who support his research.

                   The Tetrahedric Model ( 'TM') dramatically improves the ability to work with
                   light and contrast, offers new image enhancement opportunities, and defines a new
                   relationship between black and white.
                   Essentially the TM completely redefines the quantization of colour.

                   The TM becomes the backbone of the LuminaXYS stand-alone software,
                   which was widely reviewed by the press and was downloaded by over 500.000
                   sector specialists in its beta phase.

                                                                                        LuminaXYs Press (2002 - 2004)

2005 - An agreement is reached between RGB Channel srl, that owns the rights
          to the Luminaxys technology, and a US listed company, Ipex Inc, to exchange
          the Luminaxys technology against Ipex Shares.

          The purpose of the agreement is to provide Ballerini with sufficient financial
          and technical support to develop and patent:

          A) new compressions codecs (for still images and movies) based on
          Luminaxys technology and other;

          and

          B) a new Triplets Model to improve quality on vision and print.

2006 - due to Ipex Inc.'s failure to honour its obligations under the agreement,
          RGB Channel rescinded the contract and signed a restitution agreement with Ipex.
          RGB Channel took back the rights to its technology and returned Ipex shares and
          money paid. (Rgbchannel srl, Massimo Ballerini (b.tech) and Emanuele Boni).

2007 - Ballerini files 3 new patent applications with Fish and Richardson in San Diego,
          US relating to:
          "Enhancement and compression"
           http://www.faqs.org/patents/app/20090060324
          "Two dimensional representation of space color"
           http://www.faqs.org/patents/app/20090073182
          "New byte representation" for lossless compression. 
           http://www.faqs.org/patents/app/20090067733