"Tobin Smith, NBT Research, LLC, NBT Media, LLC, ChinaTel Capital Partners, LLC and other entities in which he has an interest, employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or web site. Corporate policies are in effect that attempt to avoid potential conflicts of interest and resolve conflicts of interest that do arise in a timely fashion. Paid sponsors of NBTEquitiesResearch.com may be subjects of Special Reports, Special Alerts or other publications as part of their sponsorship benefits. Sponsored equity research coverage of specific securities is not accepted by NBT Research, LLC but sponsors may be included in NBT Research, LLC research universe."
