Important Disclosures

The analyst, Andrew Peters, primarily responsible for the preparation of this research report attests to the following: (1) that the views and opinions rendered in this research report reflect his or her personal views about the subject companies or issuers; and (2) that no part of the research analyst’s compensation was, is, or will be directly related to the specific recommendations or views in this research report.

Each of the analysts whose names appear on the front page of this report hereby certify that all the views expressed in this Report accurately reflect our personal views about any and all of the subject securities or issuers and that no part of our compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views of in this Report.

The analysts may have a financial interest in the debt or equity securities of the subject company of this report. Further, a member of his household may have a financial interest in the securities of the subject company. Neither the analysts, nor any member of his household is an officer, director, or advisory board member of the issuer(s) or has another significant affiliation with the issuer(s) that is the subject of this research report. The analyst has not received compensation from the subject company. At the time of this research report, the analysts do not know or have reason to know of any other material conflict of interest.

Revelare Partners

Revelare Partners (”RVLR”) is an independent research publication and advisory firm that focuses on the financial markets.  RVLR is not a Registered Investment Advisor, FINRA Member Firm or Member of SIPC.  No information contained in any RVLR report should be considered financial, tax or legal advice.  When making any financial, tax or legal decision you should always consider consulting a professional advisor.

Ratings Definitions

Current Ratings Definition

Revelare Partners and AHS recommendations are based on a stock’s total forecasted return over the next 12 months. Total forecasted return is equal to the expected percentage price return plus gross dividend yield. We divide our stocks under coverage into three primary ratings categories, with the following return guidelines:

Buy –

We expect the stock price to appreciate by 10% or more over the next 12 months

Neutral –

We expect the stock price to change by less than 10% within the next 12 months

Sell –

Our firm’s opinion is that this stock likely will be down by 10% or more over the next 12 months

Limitation Of Research And Information.

This report has been prepared for distribution to only qualified institutional or professional clients of RVLR. The contents of this report represent the views, opinions, and analyses of its authors. The information contained herein does not constitute financial, legal, tax or any other advice. All third-party data presented herein were obtained from publicly available sources which are believed to be reliable; however, RVLR makes no warranty, express or implied, concerning the accuracy or completeness of such information. In no event shall RVLR be responsible or liable for the correctness of, or update to, any such material or for any damage or lost opportunities resulting from use of this data.

Nothing contained in this report or any distribution by RVLR should be construed as any offer to sell, or any solicitation of an offer to buy, any security or investment. Any research or other material received should not be construed as individualized investment advice. Investment decisions should be made as part of an overall portfolio strategy and you should consult with a professional financial advisor, legal and tax advisor prior to making any investment decision.  RVLR shall not be liable for any direct or indirect, incidental or consequential loss or damage (including loss of profits, revenue or goodwill) arising from any investment decisions based on information or research obtained from RVLR.

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