1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 ATTENTION: Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale directly with a broker. CUSIP NUMBER: 1.(a) NAME OF ISSUER : IMAGING TECHNOLOGIES CORPORATION (b) IRS IDENT. NO.: 33-0021693 (c) S.E.C. FILE NO.: 0-12641 1(d) ADDRESS OF ISSUER: 17075 VIA DEL CAMP0, SAN DIEGO, CA 92127 (e) TELEPHONE NO.: 858-451-6120 2(a) NAME OF PERSON FOR WHOSE ACCOUNT THE SECURITES ARE TO BE SOLD: ARROYO DEVELOPMENT CORPORATION (b) SOCIAL SECURITY NO. OR IRS IDENT. NO.: 33-0857003 (c) RELATIONSHIP TO ISSUER: VENDOR (d) ADDRESS: 6647 RANCHO DEL ACACIA WAY, SAN DIEGO, CA 92130 INSTRUCTION: The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number. Title of the Class of Securities To Be Sold: COMMON Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities: OPPENHEIMER Broker-Dealer File Number Number of Shares of Other Units to be Sold (See instr. 3(c)): 2,800,000 Aggregate Market Value (See instr.3(d)) $84,000 Number of Shares or Other Units Outstanding (See instr.3(e)) 291,000,000 Approximate Date of Sale (See instr.3(f)) (MO. DAY YR.) 10-15-03 Name of Each Securities Exchange (See instr.3(g)) OTCBB TABLE I - SECURITIES TO BE SOLD Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor: Title of the Class COMMON Date you acquired 10-7-03 Nature of Acquisition Transaction: Payment for services Name of Person from whom acquired: Imaging Technologies Corporation Amount of securities acquired: 2,800,000 Date of payment 10-6-01 Nature of payment Cash TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold. NONE ATTENTION: The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. ARROYO DEVELOPMENT CORPORATION By Eric W. Gaer, its president 10-7-03 (SIGNATURE AND DATE OF NOTICE) The notice shall be signed by the person for whose account the securities are to be sold. At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures. ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)