General Disclaimer The material on this website is for the general information of our clients and visitors about the products and services offered by Impact Capital Partners LLC (ICP) and its affiliates. Nothing contained in this website constitutes an offer or solicitation to buy or sell securities of any kind. ICP is an independent research and consulting firm that offers its products and services to institutions, corporations, endowments, trusts, family offices and accredited investors.

When we provide products and services to our clients, we may do so through ICP or its registered securities broker-dealer affiliate Growth Capital Services Inc (GCS), depending on our role and client need. If we provide investment consulting and/or research, we do so through ICP and our obligation to clients is based on negotiated agreements, with fees usually linked to time and/or deliverables. If we provide investment advice and/or portfolio management - either directly or through sub-advisers that we screen, select and manage - our obligation to clients is based on helping them achieve specified goals and managing investment risks, all of which are usually described in documents called an “Investment Policy Statements.” Fees for advisory services are usually based on a percentage of total assets under management. If we refer clients to our broker-dealer affiliate GCS to facilitate the purchase or sale of a private placement, which we may have covered in our research and which security may be owned by ICP and/or GCS employees, GCS will usually be paid a placement fee by the issuer based on the amount of money invested, and may be paid additionally in warrants or other form of compensation.

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Alternative Investments ICP and its affiliates specialize in research, consulting, advice and placement proper to Alternative Investments. Alternative Investments are by nature risky and can be volatile. Liquidity is often reduced significantly or is nonexistent. Clients who buy Alternative Investments can lose the entire amount of their investment. There are often substantial conflicts of interest between and among issuers, agents, and consultants, and tax and other regulatory issues may limit access to or the mobility of assets.

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Research Reports ICP and its affiliates may engage in various kinds of business with companies covered in its research reports. Investors should be aware that the firm may have conflicts of interest that could affect the objectivity of any research report. Investors should consider research reports as only one of many potential factors in making their investment decisions.

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Copyright 2008 Impact Capital Partners LLC. All rights reserved This research report is prepared for the use of ICP prospects and clients and may not be reproduced or distributed in any form without the prior written approval of ICP.