Disclaimer: This site is subject to periodic update and revision. CJS Securities, Inc. (“CJS”) maintains the right to delete or modify information on this site without prior notice and has no obligation to update the information in a timely manner.  This web site is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security.  IMPORTANT DISCLOSURES CJS Securities, Inc.  Equity Research rating system Market Outperform (MO): a stock that should perform at least 15% better than the Russell 2000 index over the next 6-18 months Market Perform (MP): a stock that should perform in line with or slightly better than the Russell 2000 index Market Under-Perform (MU): a stock expected to under-perform the Russell 2000 index We also have some stocks on a Monitor List, where we are indicating to clients not to expect a similar level of research coverage as companies on our active coverage list. Hence, we do not have investment opinions, nor do we intend to publish estimates, on Monitor list names. RATINGS DISTRIBUTION AND BANKING RELATIONSHIPS (AS OF 7/5/12) CJS Securities provided active research on 84 companies, of which 58 (69%) are rated MO(buy) and 26 (31%) are rated MP(hold) and 0 (0%) are rated MU(sell). In addition to our active research we have 5 companies on our Monitor List as of 7/5/12 (no rating, estimates or price target). The company has received investment banking fees from 4 companies (5% of the companies under active coverage) and non-investment banking commissions from 6 companies (7% of the companies under active coverage) in the past 12 months. COMPANY SPECIFIC DISCLOSURES See below GENERAL DISCLAIMERS The information and statistics in our reports have been obtained from sources we believe are reliable but we do not warrant their accuracy or completeness. Prices and opinions concerning the composition of market sectors included in this report reflect the judgments as of this date and are subject to change without notice.  This material is for your information only and does not constitute an offer to buy or sell, or the solicitation of any offer to buy or sell any securities. CJS Securities Inc., its affiliates, directors, officers, stockholders, employees (or members of their families), and accounts with respect to which the forgoing have investment discretion, may have long or short positions in, and may, as principal or agent, buy or sell the securities mentioned herein or in our reports.  Our reports at issue were not prepared in light of the investment objectives of any particular client of the firm and the firm makes no representation of any kind that the recommendation set forth herein is suitable for any particular investor.   The list of stocks under research coverage listed on this web site is a representative list but may not be complete, contact your CJS representative for a full list. Occasionally, CJS Securities, Inc. may receive sales credits or fees, directly or indirectly, when an individual company under research coverage or a related peer company does an underwritten offering or for other non-investment banking services.  Accordingly, the firm may have a conflict of interest that can affect the objectivity of the research on those companies. IMPORTANT NOTE ABOUT RISK: Small and micro capitalization stocks frequently are more volatile, have higher risks and are more unpredictable than larger capitalization stocks.  Therefore our product generally is targeted only toward sophisticated institutional investors who can better understand the risks and rewards associated with these investments.  Reprints and/or distribution of CJS Securities, Inc. reports (in whole or in part) are strictly prohibited without prior permission from CJS Securities, Inc. Forwarding of emails containing research from CJS is prohibited without prior permission from CJS Securities Inc. For specific company valuation methodology, analyst certifications and other company specific disclosure information (i.e. companies that CJS has performed investment banking or non-investment banking services for, analyst stock ownership...) not contained here we refer you to the most recent written material of each specific company or contact your registered representative at 914-287-7600 or write to: CJS Securities Attn: Compliance 50 Main Street White Plains, NY 10606 Click the appropriate link below for each document: CJS Business Continuity Plan Disclosure Privacy Policy CJS AML Customer Identification Policy This website contains links to other companies’ web pages; CJS Securities assumes no liability for the content contained on those sites.  Copyright 2012 CJS Securities Inc.