John MacMillan Duncanson

Founded by Robert Jennings in 1993, Jennings Capital, Inc. is an independent full-service booker/dealer located in Toronto, Ontario with an additional office in Calgary, Alberta. The firm provides in-house research services covering a variety of sectors including: (1) oil and gas production and exploration companies (2) oil and gas service companies (3) electric power companies (4) base and precious metal companies (5) forest products (6) consumer and retail (7) industrial technology and (8) special situations. Their research coverage also includes other high-growth areas and companies as determined by the firm. Jennings Capital is a member of the CIPF and the IDAC. Jennings Capital is allied with Western Financial Group Inc. (TSX-WES), a large Western Canadian network based. Western Financial Group provides all forms of industrial, commercial, residential and car insurance, including disability and life insurance, through its wholly-owned subsidiary, Western Life. Western Financial Group also holds 100% ownership in their subsidiary, Bank West.

Founded by Robert Jennings in 1993, Jennings Capital, Inc. is an independent full-service booker/dealer located in Toronto, Ontario with an additional office in Calgary, Alberta. The firm provides in-house research services covering a variety of sectors including: (1) oil and gas production and exploration companies (2) oil and gas service companies (3) electric power companies (4) base and precious metal companies (5) forest products (6) consumer and retail (7) industrial technology and (8) special situations. Their research coverage also includes other high-growth areas and companies as determined by the firm. Jennings Capital is a member of the CIPF and the IDAC. Jennings Capital is allied with Western Financial Group Inc. (TSX-WES), a large Western Canadian network based. Western Financial Group provides all forms of industrial, commercial, residential and car insurance, including disability and life insurance, through its wholly-owned subsidiary, Western Life. Western Financial Group also holds 100% ownership in their subsidiary, Bank West.

The Chase Manhattan Bank NA operates a commercial banking. It provides financial products, services, and advice, planning and treasury management services. The company is located in New York, NY.

Cathay Forest Products Corp. is a forestry products company, which manages standing timber properties and developing tree plantations in the People's Republic of China and Russia. Its products include poplar plantations, standing timber and round wood trading. Cathay Forest Products was founded on March 11, 1987 and is headquartered in Toronto, Canada.

eResearch Corp. is an independent investment research firm headquartered in Toronto, Canada. The firm was founded in 2000 and provides institutional-quality, equity research focused primarily on small- and mid-cap companies. Their focus is on identifying companies that have interesting prospects, sound management, and significant potential for share price appreciation. They also provide research reports on middle and larger-sized companies, through a combination of fundamental and technical analysis. eResearch complements their corporate research coverage with a diversified selection of informative, insightful, and thought-provoking research publications from a wide variety of investment professionals.