DISCLAIMER
         
IMPORTANT!  PLEASE READ!

Investors should consider that the purchase and ownership of common stocks, particularly in those of small companies, entails substantial risk, including the chance of losing some or all of one's investment.  A company's future operating and financial results may differ materially from those discussed in this report, including the possibility of not meeting revenue or earnings expectations, which could result in negative price performance. This report does not represent a solicitation to buy or sell shares of any company's stock and does not necessarily include all facts pertinent to a decision to trade in the underlying securites.  All investors should do their own due diligence and investigation before committing funds, especially with regards to stocks of small companies. Also, share prices of small companies in particular can be extremely volatile and trading markets may not be well established.  Thus, because of the potentially large percentage spreads between a stock's bid and offering price, new investors could suffer a susbstantial loss of capital if they needed to sell immediately.  The author may at any time hold a long or short position in securities mentioned in any report and may buy or sell shares at any time; however, he has received no compensation of any kind for writing this report.

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