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JGR Capital and/or www.JGRcap.com is an equity research firm, which offers select companies company sponsored research. The information provided by us and within this Web site is for informational purposes only. It should be understood that there is no guarantee that past performance is indicative of future results.

JGR Capital is not registered as a securities broker-dealer or an investment adviser, either with the U.S. Securities and Exchange Commission or with any state securities regulatory authority. All information contained in this material is solely provided as an information service only. All investors are encouraged to fully investigate any security before making an investment. Investors should review all available information on any company mentioned, which may include, but not be limited to, the company’s annual report, quarterly report, press releases, as well as other regulatory filings.

All information is intended solely for informative purposes and are not solicitations or offers to buy or sell any security. The information presented on this site is subject to change without notice, and JGR Capital assumes no responsibility to update this information. Information within this material contains “forward-looking” statements within the meaning of Section 27(a) of the U.S. Securities Act of 1933 and Section 21(e) of the U.S. Securities Exchange Act of 1934. 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 facts 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 may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, or might occur.

Since JGR Capital and its affiliates, officers, directors, subsidiaries, and agents may receive compensation and may hold stock in the company we report on, there may be an inherent conflict of interest. Each contract varies in duration, services performed and compensation received. Any additional information regarding compensation is in, but not limited to, initiation reports, initiation notes, and quarterly notes.

Opinions and recommendations contained herein should not be construed as investment advice. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.

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