Investor alert: Steed and Associates, Inc.

Steed and Associates, Inc. is not authorised by Finansinspektionen (the Swedish Financial Supervisory Authority) and is therefore not entitled to provide financial services.

Steed and Associates, Inc. has a website (www.steedandassociates.com)
using the following addresses:

•  352 Green Meadows, Suite 102, Pflugerville, TX 78660. 
•  Panama City World Trade Centre, First Floor — Commercial Area,

     Calle 53, Marbella, Panama City, P.O. Box 0832-0588, Panama City.

Steed and Associates, Inc.'s representatives contact investors by telephone and offer to buy their holdings of shares in American OTC companies. However, the investor must first pay a fee in advance, "Performance Bond Premium". This is
an advance fee fraud scheme.