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Disclosure and disclaimer
The information contained in this report has been compiled by Arthusanalysis, a business name used by Jitney Group Inc. from sources believed to be reliable, but no representative or warranty, express or implied, is made by Arthusanalysis, Jitney Group Inc or any other person as to its accuracy, completeness or correctness.

All opinions and estimates contained in this report constitute Arthusanalysis judgment as of the date of this report, are subject to change without notice and are provided in good faith but without legal responsibility. This report is not a recommendation or an offer to sell or a recommendation or solicitation of an offer to buy any securities. Accordingly, the entity constituting Arthusanalysis (i.e. Jitney Group Inc) may at any time have long or short position in any such security or option thereon. Every province in Canada, state in the United States, and most countries throughout the world have their own laws regulating the types of securities and other investments products which may be offered to their residents, as well as the process for doing so.

As a result, the securities discussed in this report may not be eligible for sale in some jurisdictions. This report is not, and under no circumstances should be construed as, a solicitation to act as a securities broker or dealer in any jurisdiction by any person or company that is not legally permitted to carry on the business of a securities broker or dealer in that jurisdiction. This material is prepared for general information and does not have regard to the particular circumstances or needs of any specific person who may read it. Arthusanalysis, Jitney Group Inc., nor any person, accepts any liability whatsoever for any direct or consequential loss arising from any use of this report or the information contained herein. No matter contained in this document may be reproduced, copied by any means or sent to a third party without prior consent of Jitney Group Inc. Additional information is available on request.

Additional disclosure

Jitney Investment Broker and Arthus Analysis are trade names used by Jitney Group Inc. which is essentially a direct access broker. As such, Jitney Group Inc. as no investment banking operations; and one investment advice division called Jitney Conseil.

The information contained in this report has been gathered from sources judged and believed to be reliable. In no way, does Jitney Group Inc., or any other person working for Jitney Group Inc. making a representation or warranty on the accuracy, exactness or completeness of the said material. All the opinions and estimates included in this report are based on the judgment of Jitney Group Inc. as of the date of the said report and are subject to change without notice and are furnished by Jitney Group Inc. in good faith but with no legal responsibility. Nothing in this report is specifically tailored for each individual investor.

The purpose of the contained material is for general circulation and is not adapted for the specific needs, objectives or financial circumstances of each individual investor. In no way, does this report constitute an offer to sell or to solicit the purchase of any securities. Also, please be advised, that past performance is not a guarantee to future performance, loss of original capital is possible and may happen, especially in options. Nothing in this document is to be construed as legal advice or a guarantee of future returns.

The compensation package of the analysts that write this report is derived from the profitability of all operations under Jitney Group Inc. Which do not include investment bank revenues because Jitney Group Inc. does not operate an investment bank. The securities or strategies covered in this report may not be suitable or eligible as financial vehicles in some jurisdictions.

Therefore, this report is not intended and never will be, under any circumstance a solicitation to act as a securities broker, or dealer in that jurisdiction by any person, company that is not legally permitted to act as a securities broker or dealer in that said jurisdiction. To the full extent permitted by law neither Jitney Group Inc, nor any other person, accepts any liability whatsoever for any direct or consequential loss arising from any use from this report or the information contained herein. No matter contained in this document may be reproduced or copied by any means without the prior consent of Jitney Group Inc.

Analyst Certification

All of the views expressed in this report accurately reflect the personal views of the responsible analyst(s) about any and all of the subject securities or issuers. No part of the compensation of the responsible analyst(s) named herein is, or will be, directly or indirect1y, related to the specific recommendation or views expressed by the responsible analyst(s) in this report.

Dissemination of Research

Jitney Group Inc. endeavors to make all reasonable efforts to provide research simultaneously to all eligible clients, having regard to local time zones in Canadian jurisdictions. Jitney Group Inc. Arthus research is posted to our proprietary websites to ensure eligible clients receive coverage initiations and changes in rating, targets; and opinions in a timely manner. Additional distribution may be done by the sales personnel via email, fax or regular mail. Clients may also receive our research via third party vendors.

Conflicts Disclosures

Jitney Group Inc. Policy for Managing Conflicts of interest in Relation to Investment Research is available from us on request. Generally, all research analysts on Arthus have no exposure in the market and if so every equity purchase or sale is disclosed at the end of each issue.

Important Disclosures

The analyst(s) responsible for preparing this research report received compensation that is based upon various factors including total revenues generated from Jitney Group Inc.

 


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