We're pretty serious about privacy here. We do not, and never will, store any of your passwords. That goes for both the master password and the generated passwords. We generate them and send them back to you and that's it.
There is an SSL(*) version of this site available, which should ensure the secure transmission of your generated password.
Our intention with this site is as simple as it seems - to allow you to generate a series of unique passwords while having to remember only a single password.
(*) Coming soon