Consensus Report Disclosure
The statements, opinions and analyses presented in Triad's Consensus Reports are
provided as general information about new issue and secondary offerings. Triad assembles its Consensus
Reports from publicly available information, information and opinions provided to Triad by customers, and
Triad's knowledge and experience with the new issue and secondary offerings markets. The Consensus Rating in
a Consensus Report reflects Triad's syntheses and evaluation of the information and opinions assembled, and
Triad's knowledge and experience, for each each new issue or secondary offering. The Consensus Rating is, at
best, an opinion, estimate or a probability, and not a scientific or statistical analysis and should not be
treated as such. As an opinion, estimate or a probability, the Consensus Rating constitutes the judgment of
Triad as of the date and time indicated and remains subject to change without notice. Triad makes no express
guarantee as to the completeness or accuracy of, nor can it accept any responsibility for errors appearing
in, the Consensus Report. By its very nature, the Consensus Report may be inaccurate, partial, biased,
unreliable, irrational, unreasonable, misleading, etc.
The information contained in the Consensus Report, and should not be construed as, an
offer to sell or the solicitation of an offer to buy any securities. In addition, nothing contained in the
Consensus Report is intended to be, nor shall it be construed as, investment advice, nor is it to be relied
upon in making any investment or other decision.
Triad Securities Corp. shall not be responsible or have any liability for investment
decisions based upon, or the results obtained from, the information provided in the Consensus Report. You
assume all risks of loss resulting, directly or indirectly, from the use of the information contained
herein. By accepting receipt of the Consensus Report you acknowledge and agree to hold harmless Triad
Securities, and its affiliates, owners, employers, and agents, from any and all claims, actions, damages,
losses, liabilities, costs and expenses of any kind whatsoever, including but not limited to any claims of
negligence, arising out of, resulting from, by reason of, or in connection with the use of the information
contained in herein.
The Consensus Report may contain certain "forward-looking statements," which may be
identified by the use of such words as "believe," "expect," "anticipate," "should," "planned," "estimated,"
"potential" and other similar terms. Examples of forward-looking statements include, without limitation,
estimates with respect to financial condition, market developments, and the success or lack of success of
particular investments (and may include such words as "crash" or "collapse"). All are subject to various
factors, including, without limitation, general and local economic conditions, changing levels of
competition within certain industries and markets, changes in interest rates, changes in legislation or
regulation, and other economic, competitive, governmental, regulatory and technological factors that could
cause actual results to differ materially from projected results.
The Consensus Report is provided to you on a confidential basis and is intended solely
for the use of the person to whom it is provided. It may not be modified, reproduced or redistributed in
whole or in part without the prior written consent of Triad Securities Corp.