Latin Capital Market Disclosures

Other Disclosures

The opinions and information contained herein have been obtained or derived from sources believed to be reliable, but Latin Capital Market can not guarantee its accuracy and completeness, and that of the opinions based thereon. Data is provided directly from the companies, via Infinancials, as well as other third-party data providers. The information contained in this report is for informational purposes only and does not specifically address individual investment and risk objectives. Under no circumstances is it to be construed as an offer to sell or a solicitation to buy any security. It is recommended that you consult with an independent investment advisor to determine suitability. Past performance is not an indication or a guarantee of future results.

Latin Capital Market is committed to avoiding even the appearance of any conflict of interest in its preparation of research reports or dissemination of its opinions. Latin Capital Market and its employees neither engage in any aspect of investment banking, trading or asset management. In addition, it is our policy to fully disclose any ownership interest in covered stocks, Board memberships by our staff at any covered company, or that anyone at a covered company is on the Board of Latin Capital Market.

Latin Capital Market shall accept no liability for any loss arising from the use of this report, nor shall Latin Capital Market treat all recipients of this report as customers by virtue of their receipt of this material. Latin Capital Market is an independent research publisher and is not a member of the NASD or SIPC. Latin Capital Market is not a registered broker dealer. This report and the information contained herein are subject to change without notice. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any security. Neither Latin Capital Market nor any other party guarantees its accuracy or makes warranties regarding results from its usage. Redistribution is prohibited without the express written consent of Latin Capital Market.

Latin Capital Market Contributor Compliance Policy:

For the purposes of this the term Contributor applies to Latin Capital Market internal analysts, publishing employees and outside contributors if applicable. At this point all analysts are internal but this policy is meant to apply to any one in the future that may provide research services or products to the Publisher.

Contributor will comply with the Publisher's Policy on Investments as it may be modified from time to time by the Publisher and provided to Contributor. That Policy requires, among other things, that Contributor will disclose to Publisher any positions in a particular security or mutual fund, held or controlled by the Contributor on his or her own behalf, on behalf of a client, on behalf of a fund of any type, or on behalf of a family member, any time Contributor submits an article that mentions that particular security or mutual fund. Contributor must also identify whether such position is long, short, or neutral. The Policy also prohibits Contributors from accepting securities or anything of value (including but not limited to complimentary transportation or accommodations) from any issuers, underwriters, dealers or any third party in connection with any Work for Publisher. Further, Contributor will disclose to Publisher any employment arrangements, affiliations or similar relationships of Contributor with subjects mentioned in the Works that may create a conflict of interest or the appearance of a conflict of interest. If an Contributor is employed by a broker or investment bank, he or she will disclose any investment banking relationship his or her firm has with the companies mentioned in the Works and any analyst rating the firm has on securities discussed in the Works.

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