OTC Markets Group's Policy Regarding Caveat Emptor and Promotional Activities

OTC Markets believes adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities having the effect of encouraging trading of the issuer's securities in the OTC market. As a matter of policy, when it has come to the attention of OTC Markets that a security has been the subject of promotional activities and adequate current information concerning the issuer is not publicly available, OTC Markets will label a security as "Caveat Emptor." Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the issuer or a third party.

Generally, OTC Markets will remove the Caveat Emptor designation once the security meets the qualifications for Current Information and we are satisfied that there is no longer a public interest concern, typically no sooner than 30 days. In the case of reverse mergers, OTC Markets will remove the Caveat Emptor designation upon qualification for Current Information or, for SEC filers, with the submission of a super 8-K, with no 30 day minimum.

During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked on www.otcmarkets.com.