Bobby J. Varnum

D. A. Davidson & Co. is a dually SEC-registered investment adviser and FINRA broker-dealer headquartered in Great Falls, Montana. The firm was founded in 1935 and is a subsidiary of D.A. Davidson Companies, a financial service holding company. They provide liquidity and execution in small & mid-cap stocks to a wide range of institutional investors, including mutual fund and money managers around the world.

Founded in 1995, Kaufman Bros. LP is a broker/dealer headquartered in New York City with an additional office in San Francisco. The firm is a member of the NASD, the SIPC and FINRA. Kaufman Bros. provides investment banking, equity research and institutional sales and trading. The firm provides fundamental research on the following sectors: (1) cable, satellite and interactive media (2) communications equipment (3) digital media software (4) green technology (5) information technology hardware and storage (6) information technology services and software (7) semiconductors and (8) telecommunications & data services.

Oppenheimer & Co., Inc. provides security brokerage services. It also offers investment banking and advice to high net worth investors, individuals, businesses and institutions. The company is headquartered in New York, NY.

National Retirement Partners is a nationwide organization dedicated to the retirement plan and wealth management marketplace. NRP has comprised of independent advisors that provide plan consulting, fiduciary best practices and investment due diligence to retirement plan sponsors and their participants as well as comprehensive wealth management tools. Our Member Firms utilize NRP's vast resources and services to deliver solutions to each client that had traditionally only been available to the largest companies- sophisticated independent vendor search and benchmarking analysis, open architecture plan analysis and design, investment due diligence and comprehensive employee communications. National Retirement Partners offers comprehensive 401(k), 403(b), 457, ESOP, KSOP, Defined Benefit, Pension, Deferred Compensation and other retirement plan options through strategic alliances with the nation’s largest plan providers. NRP strives for excellence in participant education, communication and plan satisfaction through the tools and services available designed for retirement plan participants. Our services also include proprietary investment due diligence analytics to help manage the investments and mitigate fiduciary liability for Plan Sponsors. NRP also provides investment consulting and education services on a fee-for-service basis for corporations that prefer to retain their existing plan recordkeeping relationships. In addition, Registered Investment Advisor (RIA) Services are available to the company advisors and their clients. National Retirement Partners was founded by William R. Chetney in 2003 and is headquartered in San Juan Capistrano, California.

CIBC World Markets is a full-service investment bank headquartered in New York City. CIBC provides an internationally integrated research product through three primary strategies. In the US, the firm provides research coverage available in areas of focus, including technology, telecommunications, healthcare, energy, power generation and technology, financial institutions, consumer growth, real estate and media. In Canada, the firm offers the full spectrum of coverage for all of the sectors that form the TSE 300 Index. Their broad investment grade analysis of return bond Indices provides daily performance of the Canadian bond market. The sectors covered are: government of Canada bonds, provincial and municipal bonds and corporate bonds rated AAA/AA, A and BBB. Also available is a monthly ABS/MBS market report that provides information on ABS market conditions, market summary data and monthly performance reports on outstanding transactions. This report includes information about the MBS market, including key statistics on MBS spreads and prepayments. Another report contains MBS trading data, cash flows and other key data. A separate monthly Portfolio Valuation Report provides month end pricing for ABS and MBS transactions. Corporate debt research produces highly targeted credit analysis and research for investment grade and high yield debt securities. The corporate bond review covers bond market action, new issues, price/yield movements, rating changes, and buy/sell recommendations. The fixed-income research group produces actionable fundamental and technical analysis, strategies, products, and runs bond indexes and quantitative models relating specifically to fixed income markets, bond portfolios, and individual securities. CIBC provides risk management solutions to corporations, investors, financial institutions, and governments across all asset classes: interest rates, equities, credit, currency, and commodities. CIBC World Markets is a subsidiary of Canadian Imperial Bank of Commerce.

Founded in 1990, Pacific Crest Securities LLC is an independent investment bank and SEC-registered broker/dealer headquartered in Portland, Oregon. The firm is a subsidiary of KeyCorp. (NYSE: KEY). Pacific Crest Securities participates in the following types of business: (1) making inter-dealer markets in corporate securities over-the-counter (2) retailing corporate equity securities over-the-counter (3) underwriting and selling group participant securities (4) retailing mutual funds (5) dealing in U.S. government securities (6) trading securities for their own account and (7) private placements of securities. The firm does not engage in transactions involving commodities, commodity futures or commodity options. Their investment banking activities include providing advisory services related to M&A transactions. Pacific Crest Securities focuses exclusively on the technology sector. They seek to identify emerging trends and provide insight and solutions to institutional investors, venture capitalists and technology companies in North America and Europe. Pacific Crest Securities provides equity research, institutional sales and trading, merger and acquisition advisory services, public company financings, private company financings and corporate services. Within the technology sector, Pacific Crest Securities targets a variety of industries including: (1) government policy regulation (2) clean technology (3) Internet and digital media (4) software and systems (5) communications technologies and (6) semiconductor technologies.