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Disclosure of Potential Interest and Disclaimer:
Bermuda Investment Advisory Services Ltd. may receive commissions,
calculated at normal client rates, from transactions involving securities
of the companies mentioned herein and may hold interest securities
of the companies mentioned herein from time to time.
Advice is issued on the basis that:
(a) In preparing the advice, the licensee did not take into account
the investment objectives, financial situation, and particular needs
of any particular person; and
(b) before making an investment decision on that basis of advice,
the investor or prospective investor needs to consider with or without
the assistance of a securities adviser, whether the advice is appropriate
in the light of the particular investment needs, objectives, and
financial circumstances of the investor and
(c) no representation, warranty, or undertaking is given or made
in relation to the accuracy of information contained in this advice,
such advice being based solely on public information which has not
been verified by Bermuda Investment Advisory Services Ltd.
Save for any statutory liability that cannot be excluded, Bermuda
Investment Advisory Services Ltd. and its employees shall not be
liable (whether in negligence or otherwise) for any error or inaccuracy
in, or omission from, this advice or any resulting loss suffered
by the recipient or any other person.
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Bermuda Investment Advisory Services Limited
4th. Floor Vallis Building
58 Par -la-Ville Road
PO Box HM 988
Hamilton HM DX, Bermuda
Telephone: (441) 292-4292 Facsimile: (441) 292-7292
Due to their time-sensitive nature, trading instructions cannot
be accepted by e-mail, voice mail, or FAX. Please telephone with
all trading instructions.
Licensed to Conduct Investment Business by the Bermuda Monetary
Authority.
Registered with the Securities and Exchange Commission.