Forward Looking Statements

Safe Harbor Statement

Matters discussed in this website contain forward-looking statements. When used in this update, the words “anticipate,” “believe,” “estimate,” “may,” “intend,” “expect” and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with our history of losses and our need to raise additional financing, the acceptance of our products and technology in the marketplace, our ability to demonstrate the commercial viability of our products and technology and our need to increase the size of our organization. Further information on the Company’s risk factors is contained in the Company’s quarterly and annual reports as filed with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason except as may be required under applicable law.

Disclaimer

The securities referred to in this website may be sold only to accredited investors, which for natural persons, are investors who meet certain minimum annual income or net worth thresholds. These securities are being offered in reliance on an exemption from the registration requirements of the Securities Act and are not required to comply with specific disclosure requirements that apply to registration under the Securities Act. The Securities and Exchange Commission has not passed on the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials. The securities are subject to legal restrictions on transfer and resale and investors should not assume that they will be able to resell their securities. Investing in securities involves risk, and investors should be able to bear the loss of their investment.

Regulation D Disclaimer

This offering is being made solely to “accredited investors in the United States,” as such term is defined in rule 501 of Regulation D under the securities act of 1933, as amended (the “Securities Act”). The securities offered hereby have not been registered under The Securities Act or the securities laws of any state and will be offered and sold in reliance upon the exemption from registration afforded by section 4(a)(2) thereunder and Regulation D (rule 506) of the securities act and corresponding provisions of state securities laws. The securities offered hereby are subject to restriction on transferability and resale and may not be transferred or resold except as permitted under the securities act and applicable state laws, pursuant to registration or exemption therefrom. Investors should be aware that they will be required to bear the financial risks of this investment for an indefinite period of time. The securities offered hereby have not been approved or disapproved by the United States Securities and Exchange Commission (“SEC”), any state securities commission or any other regulatory authority, nor have any of the foregoing authorities passed upon or endorsed the merits of this offering or the accuracy or adequacy of this agreement. Any representation to the contrary is unlawful. Prospective investors should not construe the contents of this agreement as investment, legal, business, or tax advice. Each investor should contact his, her or its own advisors regarding the appropriateness of this investment and the tax consequences thereof, which may differ depending on an investor’s particular financial situation. In no event should this agreement be deemed or considered to be tax advice provided by the company.