| The Small Cap
Network, its website and email newsletter (hereafter, cumulatively referred
to as "SCN") , is an independent electronic publication committed to providing
its readers with factual information on select publicly traded companies.
SCN is owned and operated by TGR Group, LLC ("TGR"). All companies are
chosen on the basis of certain financial analysis and other pertinent criteria
with a view toward maximizing the upside potential for investors while
minimizing the downside risk, whenever possible. Moreover, as detailed
below, TGR accepts compensation from third party consultants and/or companies,
which it features in the publication and circulation of SCN. To the degrees
enumerated herein, SCN should not be regarded as an independent publication.
Click
Here or go to http://www.smallcapnetwork.com/compensation_disclosure.html
to view our compensation on every company we have ever covered, or visit
the following web address: http://www.smallcapnetwork.com/profile_disclosure.html
for our full profiles and http://www.smallcapnetwork.com/short_term_alerts.html
for Trading Alerts.
TGR Group, LLC has been paid a fee
of $30,000 cash and 750,000 shares of newly issued restricted stock by
Spongetech Delivery Systems Inc. for coverage of the Company. Additionally,
one of the managing Members of TGR Group, LLC has purchased 100,000 shares
of Spongetech Delivery Systems, Inc. in the open market with an average
cost basis of $.035 cents per share.
TGR Group, LLC has been paid a fee
of $30,000 cash and 100,000 shares of newly issued restricted stock by
Marine Growth Ventures, Inc. for coverage of the Company.
TGR Group, LLC has been paid a fee
of $30,000 cash and 1,000,000 shares of newly issued restricted stock by
Applied DNA Sciences Inc. for coverage of the Company.
TGR Group, LLC has been compensated
200,000 shares of newly issued restricted stock by Enigma Software Group,
Inc. for coverage of the Company.
Larry Isen, the editor and publisher
of the OTC Journal, through various entities he controls, has purchased
1,200,441 shares of Spicy Pickle at an average cost of $.2125 per share.
These purchases were made in Spicy Pickle private offerings. The aforementioned
purchases were made between August of 2005 and August of 2006. On 12/15/07,
on entity controlled by Larry Isen participated in an additional financing
wherein 12 shares of convertible preferred, converting at $.85 into 120,000
shares and 90,000 warrants with an exercise price of $1.60 were purchased.
In addition, Larry Isen has received 785,000 shares of Spicy Pickle common
stock for consulting services. In addition, MarketByte LLC, an entity controlled
by Larry Isen, has received a fee of $30,000 cash, and 300,000 newly issued
restricted shares for coverage of Spicy Pickle. TGR Group LLC, the publisher
of the Small Cap Network, has received $30,000 and 300,000 newly issued
restricted shares for coverage of Spicy Pickle. Mr. Isen is an affiliate
of TGR Group. In addition, two other individuals affiliated with TGR Group
have purchased a total of 300,000 shares at $.25 per share and received
an additional 70,000 for consulting services. Current positions of the
aforementioned can be found at www.otcjournal.com and www.smallcapnetwork.com
in the Spicy Pickle information section.
TGR Group, LLC has been paid a fee
of $30,000 cash and 350,000 shares of newly issued restricted stock by
Smart Energy Solutions for coverage of the Company.
TGR Group, LLC has been paid a fee
of $30,000 cash and 1,000,000 shares of newly issued restricted stock by
Zupintra Corporation, Inc. for coverage of the Company.
On January 19th, 2007 TGR Group LLC
entered into an agreement with Stock Group Media, Inc. (a wholly-owned
subsidiary of Stock Group Information Systems, Inc.) whereby Stock Group
Media, Inc. will provide $50,000 worth of advertising and marketing services
to TGR Group, LLC in exchange for coverage of Stock Group Information Systems,
Inc. on the Small Cap Network web site and newsletter.
TGR Group LLC has been paid a fee
of $30,000 cash by Titan General for coverage of the company. In addition,
TGR Group LLC has been pledged a fee of 100,000 warrants convertible at
$1 into restricted shares by Trilogy Capital for coverage of the company.
TGR Group, LLC has been paid a fee
of $30,000 cash and 100,000 shares (reverse split adjusted 12/20/06) of
newly issued restricted stock by Orchestra Therapeutics, Inc. for coverage
of the Company.
TGR Group LLC has been paid a fee
of $30,000 and pledged 150,000 warrants with an exercise price of $2, currently
convertible into restricted shares of Clearly Canadian, by Level III Research,
for its coverage of Clearly Canadian. The aforementioned shares have become
eligible to be free trading as a result of a registration statement.
TGR Group LLC has been paid a fee
of $25,000 and 150,000 shares of newly issued restricted stock by Cel-Sci
for coverage of the Company. The aforementioned 150,000 restricted shares
have become free trading under SEC rule 144. Additionally, back in November
of 2002, TGR Group LLC was paid a fee of $25,000 and 250,000 shares of
newly issued restricted stock of Cel-Sci for coverage of the company until
November of 2003. The aforementioned 250,000 restricted shares became free
trading under SEC rule 144 and were sold in the open market prior to the
company entering into a new contract agreement with TGR Group in February
of 2006.
From March of 2005 through July of
2006, TGR Group LLC was paid a fee of $40,000 by MIV Therapeutics for coverage
of the company. In addition, TGR Group LLC was also awarded 272,000 warrants
with an exercise price of $.26 by Trilogy Capital Partners for coverage
of MIV Therapeutics. All of the aforementioned warrants have been exercised
and shares have been sold in the open market. On April 3rd of 2007, MIV
Therapeutics renewed coverage and paid TGR Group, LLC $30,000 in cash and
100,000 warrants, convertible into restricted shares at $.50. In addition,
TGR Group has been awarded 190,000 warrants, convertible at $.50 into free
trading shares, by Trilogy Capital Partners for coverage of the company.
TGR Group LLC has been paid a fee
of $25,000 cash and 25,000 shares (reverse split adjusted 10/31/2007) of
newly issued restricted stock directly by Challenger Powerboats for coverage.
The aforementioned shares have become free trading under SEC Rule 144.
On March 7, 2006, TGR Group LLC entered into a contract extension whereby
TGR could receive as much as $65,000 cash and 50,000 (reverse split adjusted
10/31/2007), newly issued restricted shares over the next one year period
from Challenger Powerboats for coverage of the company. To date, TGR has
received an additional $35,000 and 25,000 (reverse split adjusted 10/31/2007)
newly issued restricted shares.
In October of 2003, TGR Group LLC
was paid a fee of $25,000 and one million newly issued restricted shares
by Biocurex for coverage of the Company. Under SEC Rule 144, all one million
issued restricted shares have been eligible for sale into the public market
since October of 2004. In addition, on March 22, 2005, TGR entered into
an extended agreement with Biocurex for a fee of 25,000 newly issued restricted
shares and on July 1, 2006 TGR entered into another extended agreement
with Biocurex for an additional 100,000 shares of newly issued, restricted
stock.
From time to time TGR sells shares
received as compensation for coverage of client companies. Shares received
are sold in the open market. Since the shares are received as compensation
for services as previously disclosed, and not for investment purposes,
TGR does not view the sale of the shares as contradictory to any opinions
delivered in the content. This should be viewed as a conflict of interest
by shareholders or prospective shareholders of the client companies.
TGR, its Members and Members' families,
are forbidden by company policy to own, buy, sell or otherwise trade stock
for their own benefit in the companies who appear in the publication unless
specifically disclosed.
All statements and expressions are
the sole opinions of TGR and are subject to change without notice. A profile,
description, or other mention of a company within SCN is neither an offer
nor solicitation to buy or sell any securities mentioned. While we believe
all sources of information to be factual and reliable, in no way do we
represent or guarantee the accuracy thereof, nor the statements made herein.
The profiles, critiques, and other
editorial content of SCN may contain statements that appear foward relating
to the expected capabilities of the companies mentioned herein.
THE READER SHOULD VERIFY ALL CLAIMS
AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED.
INVESTING IN SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.
THE INFORMATION FOUND IN THIS PROFILE IS PROTECTED BY THE COPYRIGHT LAWS
OF THE UNITED STATES AND MAY NOT BE COPIED, OR REPRODUCED IN ANY WAY WITHOUT
THE EXPRESSED, WRITTEN CONSENT OF TGR.
We encourage our readers to invest
carefully and read the investor information available at the web sites
of the Securities and Exchange Commission ("SEC") at http://www.sec.gov
and/or the National Association of Securities Dealers ("NASD") at http://www.nasd.com.
We also strongly recommend that you read the SEC advisory to investors
concerning Internet Stock Fraud, which can be found at http://www.sec.gov/consumer/cyberfr.htm.
Readers can review all public filings by companies at the SEC's EDGAR page.
The NASD has published information on how to invest carefully at its web
site. |