YOSEMITE CAPITAL MANAGEMENT

Yosemite Capital Management is a registered investment adviser with the U.S. Securities and Exchange Commission. Any reference to or use of the terms “registered investment adviser” or “registered,” does not imply that Yosemite Capital Management or any person associated with Yosemite Capital Management has achieved a certain level of skill or training. Yosemite Capital Management may only transact business or render personalized investment advice in those states and international jurisdictions where we are registered, notice filed, or where we qualify for an exemption or exclusion from registration requirements. The purpose of this web site is to provide general information on our products and services only and should not be construed as a solicitation to effect, or attempt to effect, either transactions in securities or the rendering of personalized investment advice over the Internet. Any communications with prospective clients residing in states or international jurisdictions where Yosemite Capital Management and its advisory affiliates are not registered or licensed shall be limited so as not to trigger registration or licensing requirements. Past performance is no guarantee of future results. Results will vary among client accounts. The actual return and value of an account will fluctuate and at any point in time could be worth more or less than the amount invested.