can i use google code for a open source SaaS software for which code is not being distributed to any one?

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I wanted to know, I have a SaaS(Software-as-a-service) product that is open source... I dont distribute the source code to anyone.

Can i use google code and create a new project for this software. I want to use the Bug Tracker functionality.

I want to use Google Code without distributing the source code of my software to any one.

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Per http://code.google.com/p/support/wiki/FAQ#Hosting_Your_Open_Source_Project_on_Google_Code

As long is it's open source and you're in a country where google conducts business--you're in luck.