DISCLAIMER

Disclaimer must be read and fully understood. Undervaluedequities is an independent electronic publication providing information on selected public companies for entertainment and/or as a public relations service. Companies profiled by Undervaluedequities may pay consideration in cash and/or stock or other securities to Undervaluedequities for the electronic dissemination of company information. In some cases Undervaluedequities may be retained as consultants to featured public companies for various services, including the electronic dissemination of information concerning the profiled company, and/or services pertaining to cultivating market awareness. In the event that compensation in any amount is obtained it will be fully disclosed in accordance with rule 17(b). All information on featured companies is generated by proprietary research, provided by the companies profiled, or is available from public sources and Undervaluedequities makes no representations, warranties or guarantees as to the accuracy or completeness of said information, although it is believed by Undervaluedequities to be valid. Undervaluedequities is not a registered investment advisor or a broker dealer. Undervaluedequities has been advised that the investments in companies profiled are considered to be high risk and use of the information provided is at the investor's sole discretion. Undervaluedequities has also been advised that the purchase of such high risk securities may result in the loss of some or all of the investment. The information provided by the profiled companies may include information from outside sources and interviews conducted by Undervaluedequities. Investors should not rely solely on the information presented. Rather, investors should use the information provided by the profiled companies as a starting point for doing additional independent research on the profiled companies in order to allow the investor to form his or her own opinion regarding investing in the profiled companies. Factual statements made regarding profiled companies are made as of the date stated and are subject to change without notice. Undervaluedequities makes no recommendation that the securities of the companies profiled should be purchased, sold or held by individuals or entities that learn of the profiled companies through Undervaluedequities.

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