1. Maximum Options is a weekly newsletter which, along with its related publications, Alerts, and other services (collectively, the "Newsletter"), is edited by Ken Trester and Jeff Carter (collectively "The Editors"), published by InvestorPlace Media, LLC, and offered to the general public on a subscription basis.

2. Newsletter subscribers will receive the benefit of The Editors' commentary, analysis, opinions, advice and recommendations. The Newsletter is impersonal and does not provide individualized advice or recommendations for any specific subscriber or portfolio.

3. The Editors hereby disclose that on the respective dates set forth below The Editors, directly or indirectly, owned the following securities which are the subject of the commentary, analysis, opinions, advice, or recommendations in, or which are otherwise mentioned in, the newsletter set forth below (this section is updated as issues are posted; if there are no securities listed, no investments have been made):

Unless otherwise indicated above, all of these shares were acquired in market transactions.

The Editors have agreed not to buy or sell any of the above-listed securities within a minimum period of five trading days before or after making any new recommendation, or changing their published recommendation, regarding these securities in their Newsletter (calculated from the date the Newsletter featuring such recommendation is first posted on www.maximumoptions.com, unless the market capitalization of the underlying security at the close of business on that date is less than $300 million (the current Standard and Poors' requirement for inclusion in the S&P SmallCap 600 Index) in which case, the Editors have agreed not to buy or sell such security within a minimum period of thirty trading days before or after the applicable date. After the expiration of this period of five or thirty trading days, the Editors may hold, buy or sell any such securities, and may cease to own any of the securities listed above. Since the Editors' personal investing goals and risk tolerance may be different from those discussed in the Newsletter and/or circumstances may have changed by the expiration of the five or thirty day restricted period, the investment actions taken by the Editors in the accounts the Editors directly or indirectly own may vary from (and may even be contrary to) the advice and recommendations in the Newsletter.

4. Investing involves substantial risk. Neither the Editors, the publisher, nor any of their respective affiliates make any guarantee or other promise as to any results that may be obtained from using the Newsletter. While past performance may be analyzed in the Newsletter, past performance should not be considered indicative of future performance. No subscriber should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing the prospectus and other public filings of the issuer. To the maximum extent permitted by law, the Editors, the publisher and their respective affiliates disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations in the Newsletter prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses.

5. The Newsletter's commentary, analysis, opinions, advice and recommendations represent the personal and subjective views of The Editors, and are subject to change at any time without notice.

6. The information provided in the Newsletter is obtained from sources which The Editors believe to be reliable. However, The Editors have not independently verified or otherwise investigated all such information. Neither The Editors, the publisher, nor any of their respective affiliates guarantees the accuracy or completeness of any such information.

7. The Newsletter is not a solicitation or offer to buy or sell any securities.

8. Subscribers may submit questions to The Editors by e-mail to www.maximumoptions.com or by writing to editor@maximumoptions.com. However, since the Newsletter is impersonal and does not provide individualized advice for specific subscribers, The Editors can only answer questions of a general nature about the markets or specific securities. The Editors will make every effort to answer subscriber questions on our website (www.maximumoptions.com) or in the pages of an upcoming issue of the Newsletter.

9. Neither the Editors, the publisher, nor any of their respective affiliates is responsible for any errors or omissions in any Newsletter.

10. Any subscriber who would like a copy of these "Disclaimers and Disclosures" may request a copy by calling 800-219-8592 or writing to InvestorPlace Media, LLC, 700 Indian Springs Drive, Lancaster, PA 17601, Attention: Disclosure, whereupon a copy will be mailed or faxed to such subscriber.