Thomson Financial owns First Call, IBES and Investext. We have earnings distribution agreements with each division.

First Call Access to Your Story. We are on First Call's Full-Text Equity Research for institutional viewing. The importance of our client's research reports being viewed on First Call cannot be overstated. First Call is the unquestioned premier provider of real-time financial information to the worldwide investment community. We are one of a few smaller research firms that First Call has added to its viewing platform.

Ninety eight (98%) of US equity institutions, as measured by actively managed assets, rely on First Call products. First Call ResearchDirect covers over 34,500 companies in 70 countries. Money managers do not need to rely on hard cover research reports. Portfolio managers and analysts receive e-mail notification of pre-selected stocks and new industry reports. First Call's ResearchDirect is a live electronic link from a research firm such as ours, directly into institutional client's desktops.

Our earnings estimates and the physical copies of our reports include the worldwide market for estimate collection and report viewing:

1. First Call - reports are on Research Direct Website. Estimates are also included in Investext and IBES
2. Zacks - reports are on Zacks website. Multex - reports on Multex and Yahoo websites, viewed by 5 million retail users, 3.5 million, Multex, 1.5 million Yahoo. We have recently added the JCF Group to our worldwide distribution.
3. Virtually every institutional investor has immediate access to reading reports written for our clients, and reviewing our earnings estimates
4. All reports can be viewed on our website gratuitously. In January 2004 in excess of 2,500 investors visited our website
5. We e-mail notice of our reports individually to selected buy and sell side analysts, portfolio managers, directors of research and traders. Our customized worldwide distribution network for a company's story is unique in Wall Street
6. We e-mail to media organizations, including newspapers, magazines, stock market letters, research letters etc.

Worldwide Distribution

Our distribution program is combined with third parties. The program includes the following:

1. First Call (Research Direct), Zacks, IBES, JCF Group, Multex, Reuters, Yahoo, Investext and 80+ additional vendors. Earnings estimates then go out to another 300+ web sites. Reports can be viewed by 5 million retail investors via Multex and Yahoo.
2. Optional: Buy Side Magazine (reaches 22,000 North American Money Managers and Research Analysts). Option to have a summary of your report highlighted in Buy Side Magazine.
3. Introduction to certain institutional investors when and if appropriate.
4. Free access to your report on Cohen Independent Research Group's website.
5. Coordination with your firm's IR and PR department.
6. Co-hosting certain events, seminars, and luncheon meetings, exposing companies to institutional investors, retail investors and stock brokers.
7. Direct blast email to friends and clients of our firm, including hundreds of institutional investors.

Benefits for your business include:

1. Wall Street Research-Analyst Coverage for one year, including quarterly updates and important events.
2. Analyst coverage provides you with exposure, credibility, notoriety, distribution and enhanced shareholder value.
3. We will introduce you to parties that may help you to raise capital for your business.
4. First Call's Research Direct, viewed by 98% of all institutions, displays your report on its web site.
5. Your report is displayed on the websites of the worldwide market for the collection of earnings estimates: First Call, Zacks, Investext, Multex, JCF Group, IBES, Yahoo, Reuters. All receive your earnings estimates and year- long analyst coverage.
6. More than 80+ data vendors (e.g. Bloomberg, Dow Jones, etc.) receive notice of your research report.
7. More than 300+ web sites (e.g. MSN, Silicon) receive notice of your report.
8. Portfolio managers, analysts, directors of research in your industry group, on both the buy and sell side of Wall Street, domestically and internationally, have access to your report.
9. Reports, normally averaging 147 pages, are researched by highly credentialed CFA, CPA Analysts and scientists at the PhD and MD level.
10. Reports include color pictures, unique to Wall Street research formats.
11. You have the option of reviewing the descriptive text of our reports before publishing.
12. Other Wall Street analysts often pick up coverage of your company after our reports are published.
13. Our customized distribution of your story is unique in Wall Street.
14. The investment community has immediate access to our corporate clients, and vice versa.
15. Our clients sign a consulting distribution agreement with us.
16. References will be provided to you upon request.

Benefits Explained

1. Wall Street-Analyst Research Coverage is most valuable for any company in the current environment because of the depletion of the Wall Street research analyst pool.
2. Your report, viewed on First Call Research Direct, creates enormous exposure and value for your company. First Call is the premier provider of real-time financial information to the worldwide investment community. First Call's Research Direct, which includes 35,000+ companies in 70 countries, is a live electronic link from a research firm such as ours, directly into institutional client's desktops: analysts, portfolio managers, directors of research, decision makers and traders. We are one of a few third party boutique research firms that First Call has added to its Research Direct viewing platform.
3. Our reports average 147 pages. We cover all industry groups. Our past and present client and researched companies include Foamex, Option Care, Imperial Bank, Official Payments, InSite Vision, Metropolitan Health, Uorcor, Avanir Pharmaceuticals, Synaptic Pharmaceuticals, Peregrine Pharmaceuticals, Cortex, NeoRx, DataWatch, Vion Pharmaceuticals, Stem Cells, Questcor, Thermogenesis, BioCryst Pharmaceuticals, Mackie Systems, Insightful, Safelink, Global Payment Technologies, Applied DNA Technology, Orthovita, IQ Biometrics, Titan Group, Horizon Medical Products, TLC Vision, Zila, Authendidate, Telkonet, IBIX, Valentis, Global Medical Technologies, Biophan, Manhattan Pharmaceuticals, Metabolic Pharmaceuticals, Phosphagenics, International Fuel Technologies, Tidelands Oil and Gas, Natural Gas Systems, Norwood Abbey, Stirling Products Limited, Powercold, Oxis, Ceptor, Diomed, Netopia, Socket Communications, Strathmore Minerals, Composite Technology, and others. Please print our reports on a colored printer using Adobe Acrobat 4.0 or a higher version.