DISCLAIMER

AMI Research is an issuer-paid service provided by the American Microcap Institute (AMI), a division of Hawk Associates Inc. AMI Research abides by the Best Practice Guidelines Governing Analyst and Corporate Issuer Relationships. These guidelines, developed by the CFA Institute in conjunction with the National Investor Relations Institute (NIRI), address such issues as:

* Analyst independence as it applies to analysts' relationships with corporate issuers,
* Access to corporate executives,
* Retaliation whether by companies or analysts,
* Pre-publication review of analyst research reports by the corporate issuer and
* Issuer-paid research.

AMI Research analysts who are CFA charterholders or CFA candidates must comply with the CFA Institute's Code of Ethics and Standards of Professional Conduct as well as the rules and regulations of the CFA Program. More about the CFA Institute's Professional Conduct Program can be found at www.cfainstitute.org/aboutus/conduct.

Hawk Associates is an investor relations firm located at 227 Atlantic Blvd., Key Largo, FL 33037. Hawk Associates operated within the guidelines of The Standards of
Practice for Investor Relations set by the National Investor Relations Institute (NIRI). Hawk Associates owns and operates the following websites: www.hawkassociates.com, www.americanmicrocaps.com and www.amistockreports.com. The telephone number for Hawk Associates is (305) 451-1888. E-mails may be sent to operations@americanmicrocaps.com.

The information in AMI Research reports is intended solely to provide investors and interested parties with a fundamental understanding of the company covered, including the company's technology, business model, financial condition and business prospects. The information contained in these reports is obtained and collected to a large degree with the assistance of the subject company, which pays for the writing and production of the reports, exclusively in cash and prior to release of the report. The information in these reports is believed to be accurate and reliable. AMI has made the strongest effort to provide factual information that will lead to a greater understanding of the company, but neither AMI, Hawk Associates nor the companies covered can guarantee the total accuracy of the information in these reports. Neither AMI, Hawk Associates nor the companies being covered assume any responsibility for the total accuracy of the information in these reports.

Hawk Associates has not in all cases independently verified each of the company's representations, many of which are based on client filings with the Securities and Exchange Commission as well as with discussions with members of the companies' management teams and employees. Any opinions expressed are statements of judgement as of the date of publication. We urge readers to carefully verify all representations within the report independently. The receipt of this publication shall not create, under any circumstances, any implication that there has been no change in the affairs of the company covered since the date of publication.

The investment opinions of the writer and AMI as to the suitability of each company's stock as an investment vehicle are only opinions and do not constitute an offer to buy or sell any securities. No information provided by AMI or Hawk Associates ever represents an offer to buy or sell any security. Neither AMI nor Hawk Associates is a registered investment advisor or a broker dealer.

No employee of AMI or Hawk Associates owns any shares in any company that is a subject in these reports or represented on the Hawk Associates or AMI websites. AMI Research analysts are required to certify that the views expressed in each research report accurately reflect his or her personal views and that the analyst will not be receiving compensation in exchange for expressing the specific recommendations or views expressed in a report. It is a strict internal Hawk policy that no Hawk employee or affiliate will trade in the stocks of our clients other than the exercise of expiring options or the possible long-term exercise of warrants, options or in some cases 144 stock held beyond the expiration of the 144 legend. At no time will any Hawk Employee or affiliate undertake any activity that could be regarded in any fashion as improper or illegal.

Investing in microcap securities is highly speculative an carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the company profiled. Readers should not rely solely on the information contained in this report but should read all documents the company has filed with the Securities and Exchange Commission and should consult with their own independent tax, business and financial advisors with respect to any investment opportunity, including any contemplated investment in the company herein represented.