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All information provided is not investment advice. All readers should seek advice from a registered professional securities representative before deciding to trade in stocks featured herein or any stocks for that matter. All statements and expressions not meant to be a solicitation or recommendation to buy, sell, or hold securities. Investors should not rely solely on the information contained herein; investors should use the information contained herein as a starting point for doing additional independent research. Factual statements in this report are made as of the date stated and are subject to change without notice and the reader of this report shall not create, under any circumstances, any implication that there has been no change in the affairs of the company since the date of the report. The content of this report is believed to be reliable; however Madison Avenue Research Group disclaims any and all liability as to the completeness or accuracy of the information contained herein and for any omissions of material facts. Investing in micro/small-cap and growth securities is highly speculative and 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. Information presented herein contain "forward looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934 and whatever similar guidelines may exist in other jurisdictions. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "projects", "foresee", "expects", "will", "anticipates", "estimates", "believes", "understands" or that by statements indicating certain actions "may", "could", or "might" occur. Understand there is no guarantee past performance will be indicative of future results. The accuracy or completeness of the information in this report is only as reliable as the sources they were obtained from. Madison Avenue Research Group, research team, affiliates, and/or families may at times hold positions in securities mentioned herein, and may or may not make purchases or sales in such securities featured within reports. Madison Avenue Research Group may have received compensation for the research, presentation, and advertising of information on the subject company featured on in this report. The author/editor of this report and/or article and/or editorial is not a financial advisor and nothing here should be construed as giving financial advice, prospective investors should contact a suitably qualified financial advisor. Journalistic liberties may have been taken in the preparation of this research fact sheet. Research fact sheets are sometimes presented in a manner that explores the positive upside of the subject company and the industry it operates in while at the same time not dwelling or speculating on potential pitfalls. Occasionally this publication will accept fees for dissemination and housing of a report; up to three hundred dollars in value only.  No warranty or guarantee is given regarding the accuracy, reliability, veracity, or completeness of the information provided herein and under no circumstances will the author/editor or Madison Avenue Research Group be liable for any loss including but not limited to direct, indirect, incidental, special or consequential damages caused by using the information, or as a result of the risks inherent in the stock market.


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