DISCLOSURE:

This website is intended FOR INSTITUTIONAL USE ONLY and to report on the investment services and opportunities identified by BOE. As of August 31, 2012, BOE seeks to achieve the stated objectives. There can be no guarantee the objectives will be met. Information herein is believed to be reliable, but BOE does not warrant its completeness or accuracy. Opinions and estimates constitute our judgment and are subject to change without notice. Past performance is not indicative of future results. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The investments and strategies discussed herein may not be suitable for all investors; if you have any doubts you should consult your Institutional Sales Representative at BOE. BOE is the marketing name for BOE Securities, Inc. and its affiliates. Those affiliates include BOE Research Services, Inc., BOE Research Private Limited (India) and The BOE Group, Inc.(Parent). BOE “Globally” brands its services under “BOE”. BOE Securities and BOE Research Private Limited are affiliated companies owned by The BOE Group Inc. BOE Securities executes all trades for institutional clients. BOE Research Private Limited provides research support services to BOE Securities for the benefit of its institutional clients. BOE Research Private Limited is located in Mumbai, India. and its analysts prepare the fundamental research reports for distribution to our clients in the U.S. BOE’s financial analysts that are located in India are not subjected to NASD rule 2711 and NYSE rule 472 which provide guidance on communications with subject company, public appearances and trading securities, held by BOE. However, BOE makes its best efforts to ensure the highest professional and ethical standards are adhered to by its analysts.