If I'm reading this right, then this amazing password security thingy of yours is just using security through obscurity (you seem to believe it's somehow more secure because no one knows how the passwords are encrypted).
Could you tell me what company this was developed for, so I know never to give them any of my passwords?
Just what I was thinking. Yeah, he's full of it. At the very least, you'd have a patent application if it was worth anything. The only unbreakable schemes out there, in theory, are based on quantum cryptography.