Grant Financial Group is a state registered investment advisor located in Foley, Alabama and registered in the State of Alabama. Grant Financial Group can only conduct business in states where it is registered or qualifies for an exemption or exclusion from registration requirements. Schreiner Capital Management, an SEC registered investment advisor, is a Third Party money manager utilized by Grant Financial Group. A copy of Grant Financial Group's current written disclosure statement discussing business operations, services and fees is available upon written request. For information pertaining to Grant Financial Group's registration status please contact the Alabama Securities Commission.

Select Advisors is a market timing investment advisory service of Schreiner Capital Management, Inc. (“SCM”). SCM is an SEC registered investment advisor located in Exton, Pennsylvania. SCM and its representatives are in compliance with the current registration and/or notice filing requirements imposed upon SEC registered investment advisors by those states in which SCM maintains clients. SCM may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. SCM's website is limited to the dissemination of general information pertaining to its investment advisory services. Accordingly, the publication of SCM's website on the Internet should not be construed by any consumer and/or prospective client as SCM's solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Furthermore, the information resulting from the use of tools or information on this Internet website should not be construed, in any manner whatsoever, as the receipt of, or a substitute for, personalized individual advice from SCM. Any subsequent, direct communication by SCM with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of SCM, please contact the United States Securities and Exchange Commission and/or the state securities law administrators for those states in which SCM is registered. A copy of SCM's current written disclosure statement discussing SCM's business operations, services, and fees is available from SCM upon written request. SCM does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to SCM's website or incorporated herein, and takes no responsibility therefor. All such information is provided solely for convenience purposes only, and all users thereof should be guided accordingly.

Schreiner Capital Management's ("SCM") composite performance results reflect time-weighted rates of return of an actual/sample portfolio which has traded equities based upon SCM's proprietary analysis. Performance results reflect the re-investment of dividends and other earnings, and do not include applicable brokerage commissions and transaction fees. Results also reflect the deduction of a model investment management fee of 2.50% which is the highest fee charged by SCM for accounts managed using the programs represented above. This annual management fee percentage is calculated quarterly and based on Average Daily Account Balance for the previous quarter and assessed to the account on the first day of the next quarter. Investment management fees vary by individual client account depending upon the market value of assets under management, but generally range between 1.50% and 2.50% of the market value of assets under management. Investment management fees and practices are set forth in SCM's written disclosure statement as same is on file with the United States Securities and Exchange Commission and is available from SCM upon written request.

Past performance may not be indicative of future results and the performance of a specific individual client account may vary substantially from the composite performance results. Therefore, no current or prospective client should assume that future performance will be profitable or equal the composite performance results reflected herein. In calculating account performance, SCM has relied upon information provided by various sources, primarily Theta Investment Research.

Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be profitable. SCM's investment strategies may involve above-average portfolio turnover which could negatively impact upon the net after-tax gain experienced by an individual client.

Specific Securities, Recommendations, or Timely Commentary

The above information was last updated on 07/24/2008. Due to various factors, including changing market conditions, the above information may no longer be reflective of SCM's current position(s). Moreover, no client or prospective client should assume that an investment in the securities or sectors mentioned herein will be suitable or profitable, nor that the above information serves as a substitute for personalized investment management services from SCM. Different types of investments involve varying degrees of risk, and there can be no assurance that any specific investment will be either suitable or profitable for a client's investment portfolio.