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We collect and process information that visitors to our website provide for specific purposes. This may include demographic information such as visitor's name, email addresses, mailing address and telephone number. We use the information to provide visitors with the specific information, product or services that they either request from us or we deem may be suitable to your interest. We will also regularly communicate with our visitors. We may keep a record of any correspondence with a visitor to our website. We may disclose information to government bodies and law enforcement agencies for their enforcement purposes. We may also disclose information provided by visitors to our website to other third parties where this is necessary for the purposes set out in this privacy policy. We will not sell, rent or disclose your information to any third parties other than those set out in this privacy policy without the consent of a visitor to our website.

This privacy policy may change from time to time as we develop the range of services on the website. When this privacy policy changes, we will notify all users about the revised privacy policy with a 7 day notice period to cancel the subscription if you so choose. If we don't hear from you after 7 days we will deem that you have accepted our revised privacy policy. Regularly reviewing this page ensures that a visitor is aware of what information we collect, how we use it and under what circumstances, if any, we will share it with other parties. This statement was last updated on November 10, 2009. The content on this site may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express written consent of Ubika Communication, a division of Ubika Corporation. Ubika Corporation and its divisions- Ubika Communication and Ubika Research are not registered with any financial or securities regulatory authority, and do not provide nor claims to provide investment advice or recommendations to any visitor of this site or readers of any content on this website. The information on this website is designed to present the findings and opinion of Ubika's analysts, columnists, speakers or commentators and what they believe to be the factual information.

Nothing on this site constitutes an offer or invitation to purchase or acquire any shares in any security including Exchange Traded Funds (ETFs) mentioned on the site or any other asset or company or any interest therein, nor shall it form the basis of any contract entered into for the purchase or sale of shares in any security including ETFs or asset or company mentioned on this site.

Where research reports are available from Ubika Research, a division of Ubika Corporation and a reference is made to estimates of value or relative value of a specific company, those are based on the covered company's guidance and layered on with prudent and standard analysis by Ubika Research. There is no guarantee that these estimates are reliable or will materialize.

They should not be relied upon in making specific investment decisions and readers should seek advice based on their risk profile and investment requirements from a person qualified and authorized to provide advice. The information on featured companies at this site was provided to Ubika Research by the highlighted companies. The information on all featured reports is believed to be correct, but its accuracy, timeliness or completeness cannot be guaranteed. No representation or warranty, express or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. Ubika Research did not make an independent investigation or inquiry as to the accuracy of any information provided by the highlighted companies and is relying solely upon information provided by the highlighted company for the accuracy and completeness of all such information.

Readers of these reports are advised to conduct their own due diligence before investing in featured companies and highlighted companies on this site. Readers of this report are informed that the value of shares in the highlighted company under coverage may go up or down. Past performance is not necessarily a guide to future performance. Where reference is made to estimates of value or relative value of specific securities including ETF or any underlying asset or company related to an ETF, those are based on the information available from the public sources. They should not be relied upon in making specific investment decisions and readers should seek advice based on their risk profile and investment requirements from a person qualified and authorized to provide advice.

Ubika Corporation (including its Directors, employees and representatives), its analysts, columnists, speakers or commentators or a connected person may have positions on the securities featured on this site and detailed in various research reports on this site, and may buy, sell or offer to purchase or sell such securities from time to time. Ubika Corporation (including its Directors, employees and representatives), its analysts, columnists, speakers or commentators or a connected person may have positions in or options on the securities including ETFs mentioned on this site and may buy, sell or offer to purchase or sell such securities and ETFs from time to time. Ubika Corporation is not registered with any United States (US) financial regulator and does not intend to or claim to provide financial advice to United States residents or offer to buy or sell securities to or on behalf of United States residents. The information set forth in various reports on this site contain "forward-looking statements." Statements in the reports, which are not purely historical, are forward-looking and include statements regarding beliefs, plans, expectations or intentions regarding the future.

Except for the historical information presented herein, matters discussed in any document on this site contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "estimate," "anticipate," "believe," "plan", "intend", "expect", "may" or "should" or similar statements are forward-looking statements. Risks and uncertainties for the companies mentioned on this site include, but are not limited to, the risks associated with the impact of general economic conditions in countries in which these companies conduct business, the impact of competitive products and pricing, product demand and market acceptance, new product development, the continuation and development of key customer and supplier relationships, and the availability of high quality, qualified personnel and management. Other risks include but are not limited to factors affecting development and expansion activities generally including access to capital to meet all of the highlighted companies' financial requirements, and their ability to control costs. There can be no assurance that the highlighted companies' efforts will succeed and the companies will ultimately achieve sustained commercial success. These forward-looking statements are made as of the date of this document, and neither Ubika Corporation and its divisions- Ubika Research and Ubika Communication- nor the highlighted companies assume any obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although management of the highlighted companies may have advised Ubika Corporation that they believe that the plans, expectations, beliefs and intentions contained in the information provided to Ubika and reproduced in the report are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate.

The forward looking statements contained in the research reports and other document have been prepared by management of the highlighted companies who believe and have so advised Ubika Corporation and its divisions- Ubika Research and Ubika Communication, without independent verification by Ubika that a reasonable basis exists for making such statements.