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Westminster Securities

Westminster Securities Corporation is a full-service New York Stock Exchange member firm operating in six principal areas: Investment Banking, Equity Research, Execution Services, Clearing and Operations and Institutional and Retail Account Management.

Combining a total commitment to client service with the financial expertise of a long-established institution, Westminster provides its services to corporations, institutions, private clients and investment professionals worldwide.

Founded in 1971, Westminster is a member of the New York Stock Exchange, National Association of Securities Dealers and the Securities Investor Protection Corporation. Westminster is headquartered at 100 Wall Street, New York, New York 10005 with branch offices in Atlanta, Miami, New York, St. Louis, Toronto, Limassol (Cyprus) and Shanghai (People's Republic of China).

USA

info

USA

Westminster Securities Corporation

Address: 100 Wall Street, 7/F, New York, NY 10005

Tel: +1 212 878 6532

Fax: +1 212 878 6598

Email: john_o@globalalliancepartners.com

Website: http://www.westminstersecurities.com

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Disclaimer:

Westminster Securities Corporation ("Westminster") is a New York Stock Exchange member firm headquartered at 100 Wall Street, 7th Floor, New York, New York 10005 (USA). Westminster actively pursues investment banking or other remuneration from a variety of companies domiciled in the United States of America and other countries.

Every reader of Westminster equity research reports should assume that Westminster has sought, is seeking and will seek investment banking or other compensation from every subject company mentioned in such reports and does make a market in the common shares, other securities or derivative thereof of such companies. Each reader should also assume Westminster, its officers, director, partners, employees and/or affiliates will from time to time have a long or short position in publicly or privately issued securities (or derivative thereof) of companies mentioned in Westminster's equity research reports and may buy or sell such securities for their own account or related accounts at any time.

Westminster's analysts who are responsible for the creation of Westminster's equity research reports do not receive any compensation of any kind from any company under Westminster research coverage and do not expect to receive such compensation at the time of publication. Westminster's analysts do not receive any compensation from Westminster that was, is or will be directly or indirectly related to the specific recommendations or views contained in any Westminster equity research report, a though Westminster's equity research analysts' total compensation will reflect the overall activities of Westminster's investment banking unit without consideration for any specific investment banking transaction(s). During the time a company is under research coverage by Westminster, no Westminster analyst or any member of his/her household a) has any direct or indirect interest in any debt or equity instrument (or derivative thereof) issued by any subject company b) is an officer, director, or advisory board member for any subject company. As of the date of publication of each Westminster equity research report, the analyst(s) responsible for creation of the report confirm(s) that all opinions he/she has expressed in the report regarding the subject securities and issuer accurately reflect his/her then-current personal views.

All statements or opinions contained in each Westminster equity research report that include the words "we," "us", or "our" are solely the responsibility of Westminster and do not necessarily reflect statements or opinions expressed by any person or party affiliated with a subject company or any other outside party. Any opinions expressed are subject to change without notice. All information provided in each Westminster equity research report is based on public and/or non-public information believed to be accurate and reliable, but is not necessarily complete and cannot be guaranteed. No judgment is expressed or should be implied as to the suitability of any security described or mentioned in any Westminster equity research report for any specific investor or any specific investment portfolio. The decision to undertake any investment decision regarding the securities mentioned in a Westminster equity research report should be made by each reader based on its own appraisal of the implications and risks of such a decision. Each Westminster equity research report is intended for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of such securities in any state or domicile in which said offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or domicile. Each Westminster equity research report and all information, comments, statements or opinions contained or expressed therein are applicable only as of the date of the report, subject to change without further notice. Neither Westminster nor the analyst(s) responsible for creating the report undertake(s) to update or amend any information contained therein.