STRATEGIC DISTRIBUTION, INC. CODE OF BUSINESS CONDUCT AND ETHICS

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Exhibit 10.23

STRATEGIC DISTRIBUTION, INC.
CODE OF BUSINESS CONDUCT AND ETHICS
For Financial Officers and Senior Executives

Introduction

        Strategic Distribution, Inc. and its employees are committed to high standards of ethical behavior

Use and Disclosure of Inside Information

        Company policy and applicable laws prohibit disclosure of material inside information to anyone outside the Company without a specific business reason for them to know. It is unlawful and against Company policy for anyone possessing inside information to use such information for personal gain.

Confidential or Proprietary Information

        Company policy prohibits employees from disclosing confidential or proprietary information outside the Company, either during or after employment, without Company authorization to do so.

Conflicts of Interest

        Company policy prohibits conflicts between the interests of its employees and the Company. A conflict of interest exists when an employee's personal interest interferes or may interfere with the interests of the Company. Conflicts of interest may not always be clear, so if an employee has a concern that a conflict of interest may exist, they should consult with a member of the Audit Committee.

Waivers

        When it is deemed to be in the best interests of Strategic Distribution, Inc. and its shareholders, the Audit Committee may grant waivers to employ