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Investor Presentaiton

Notice To Reader This report contains confidential information which is the exclusive property of Brendan Wood International. Such information shall not be copied, excerpted, disclosed to others, or used for any purpose other than that for which it is expressly given, without the prior written permission of Brendan Wood International. We wish to emphasize that all reports, evaluations and assessments contained herein, represent Brendan Wood International's subjective judgment and opinions, based on our years of experience and on information obtained by us in the course of our research. Much of the factual information contained in the reports has been obtained by us from third parties on whose responses we have relied in good faith, independent verification by Brendan Wood International being, under the circumstances, impossible. While we believe that you will find our reports to be an invaluable tool in formulating your own strategies and judgments, the foregoing should be borne in mind. Under no circumstances should any ratings or evaluations of individuals' performances in these reports be considered as a sufficient basis for making decisions conceming the careers of individuals, including such matters as promotions, compensation arrangements, terminations, etc. This report is not meant as investment advice and should not be interpreted as advising on the value of a company's securities, the advisability of investing in, purchasing or selling any company's securities or any other conclusion relating to investment/divestiture of a company's securities. Finally, this report is not intended as an offer or solicitation for the purchase or sale of any of company's securities. Brendan Wood & Partners BRENDAN WOOD INTERNATIONAL / FIRST INTELLIGENCE 2
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