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Legal Disclaimer

RJ FALKNER & COMPANY, INC. is an investment research and financial communications firm that publishes research reports with respect to the securities of its clients. The information contained in such reports is based upon sources which we consider reliable but is not guaranteed by us, nor do such reports represent a solicitation to buy or sell the securities discussed therein. Information and opinions contained in the research reports are based upon publicly available information as of the date such reports were published. Readers of such reports should recognize that the information, projections, opinion, and/or conclusions contained in the reports may have changed since publication, and we assume no responsibility for updating the reports as a result of such changes.

Additional information on the companies discussed in the research reports is available upon request by contacting us at 303-776-5514. Any sales and/or earnings forecasts included in the reports were independently prepared by RJ FALKNER & COMPANY, INC., unless otherwise stated, and are not endorsed by the managements of the companies which are the subject of such reports. Such sales and/or earnings forecasts were prepared based upon historical information that was available to the public as of the date of publication of the reports. Use of these reports may be subject to the applicable rules of certain self-regulatory organizations, and the securities mentioned in the reports which are traded over-the-counter may not be cleared for sale in certain states.

RJ FALKNER & COMPANY, INC. and/or its employees, officers, affiliates or members of their families may have long or short positions in the securities discussed in the research reports (and/or options or warrants relating thereto) and may purchase and/or sell the securities or options/warrants from time to time in the open market or otherwise. RJ FALKNER & COMPANY, INC. derives its compensation from the provision of investment research and investor relations consulting services.Most of the clients of RJ FALKNER & COMPANY, INC. pay the firm a retainer fee of $3,500-$6,500 per month for investor relations consulting services. A number of the clients which pay a monthly fee of less than $6,500 have issued stock options and/or warrants to certain employees of RJ FALKNER & COMPANY, INC. Details of compensation from individual client companies are provided in the "disclaimer" attached to each Research Profile report.
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