Utilizing institutional caliber, fundamental, bottom-up analysis, Murphy Analytics helps investors make informed investment decisions about equities without extensive analyst coverage, with a focus on small-cap and micro-cap public stocks.

Murphy Analytics LLC is owned by Patrick J. Murphy, who has 15 years of capital markets experience, providing institutional investment and transaction analysis across a range of asset classes including microcap equities, commercial real estate debt and equity, municipal derivatives and public finance, venture capital, fixed income, CMBS and mortgage REIT's. In addition to his work with Murphy Analytics, Mr. Murphy also provides research to a broker/dealer and serves as a consultant to a municipal derivatives advisory firm. Mr. Murphy is an alumnus of the University of Notre Dame (1991), with an undergraduate degree in Economics, and earned a Masters Degree in Finance from St. Louis University in 1997. Mr. Murphy is a CFA Charterholder and a member of the CFA Society of St. Louis.

Murphy Analytics strives to adhere to the "Best Practice Guidelines Governing Analyst / Corporate Issuer Relations" developed by the CFA Centre for Financial Market Integrity / National Investor Relations Institute. Additional information on these standards is available at:

http://www.niri.org/irresource_pubs/pdfs/CFAI-NIRIGuidelines.pdf

www.cfainstitute.org

For more information on Murphy Analytics, see:

www.murphyanalytics.com