Jonathan M. Lowenberg

Founded in 1986, Merriman Capital, Inc. is an SEC-registered broker/dealer and investment banking firm headquartered in San Francisco. The firm is a subsidiary of Merriman Holdings, Inc. (NASDAQ: MERR), a financial services firm that focuses on fast-growing companies and their institutional investors. Merriman provides advisory and investment banking, equity research, institutional services, corporate services and venture services primarily to corporate clients. Merriman Capital provides research, brokerage and trading services primarily to institutional clients. The firm offers a full range of specialized and integrated services including: equity research, specialized trade execution, equity capital markets, corporate finance, mergers and acquisitions, sales and trading, market making, corporate and venture services, restructurings and strategic advisory services. Merriman Capital employs bottom-up, fundamental analysis of small-cap companies in select industries including clean technology, healthcare, technology and consumer/Internet/media. The firm also has expertise in emerging markets, with emphasis on emerging markets in China. Merriman Capital is known to engage in shareholder activist investment strategies. Merriman Capital is a member of the NASD, the SIPC and FINRA. The firm serves as an introducing broker/dealer for Pershing LLC. They do not hold or maintain funds or securities or provide clearing services for other broker/dealers.

Founded in 2002, Natixis Securities Americas LLC is an investment bank and SEC-registered broker/dealer headquartered New York City with offices in several leading U.S. cities and affiliate offices in London and Paris. The firm is a division of Natixis and a subsidiary of Natixis SA. Their client base is located throughout North America and Europe and ranges from the largest mutual fund and pension fund managers to specialist hedge funds. Natixis Securities Americas' sales and trading teams are located in New York, Boston, Los Angeles and Houston. Natixis Securities Americas' research efforts focus on identifying new insights about companies that are not fully reflected in their stock prices. The firm also seeks to provide clients with access to the managements of listed companies and to other industry experts. They arrange for such marketing opportunities, in the form of road shows, conferences, meetings and conference calls. Natixis Securities Americas' institutional trading desk offers clients trading capabilities in equities all over the world. The firm focuses on specific global markets to provide clients with the best possible execution worldwide. Natixis Securities Americas employs a transatlantic approach that examines the effects of technological, market and regulatory developments across both continents on the companies under coverage. In the U.S., they provide in-depth sector coverage on energy (oil services, exploration and production, alternative energy and coal), healthcare (large-cap pharmaceuticals, specialty pharmaceuticals, biotechnology, medical devices and healthcare services) and media (media conglomerates, content creators, interactive TV and new media, as well as technical analysis. In Europe, Natixis Securities Americas applies a country-wide approach to all of the key sectors of France, Germany, Austria and Central and Eastern Europe. Combined, the firm's product offering includes more than 600 stocks. Natixis Securities Americas global trading group specializes in the trading, execution and settlement of international equities. The firm provides 24-hour access to 55 global markets. They cater to broker/dealer and institutional clients, providing ADR and ordinary share executions on an agency or proprietary basis. The firm can accommodate most client trading requirements from basket trading to block orders. To complement their international trading reach, Natixis Securities Americas domestic bulletin board trading group currently markets over 2000 U.S.-based companies. The firm offers their clients innovative trading technology through a proprietary Direct Market Access (DMA) platform, Enabler Direct. This product allows immediate access to a variety of liquidity sources through one anonymous interface. Natixis Securities Americas' global brokerage services group offers services to a select group of professional clients. The firm seeks to partner with banks, broker/dealers, hedge funds and high net-worth clients that can utilize their blend of international capabilities and traditional brokerage services to support and enhance their success. Their global brokerage services group is prominent in international securities, equity trading and brokerage operations in over 55 countries around the world. They have experience in both the pre-trade and post-trade requirements in each of these countries.

Founded in 1995, Kaufman Bros. LP is a broker/dealer headquartered in New York City with an additional office in San Francisco. The firm is a member of the NASD, the SIPC and FINRA. Kaufman Bros. provides investment banking, equity research and institutional sales and trading. The firm provides fundamental research on the following sectors: (1) cable, satellite and interactive media (2) communications equipment (3) digital media software (4) green technology (5) information technology hardware and storage (6) information technology services and software (7) semiconductors and (8) telecommunications & data services.

Founded in 1982, Morgan Joseph TriArtisan LLC, formerly Morgan Joseph & Co., Inc., is a full-service investment banking firm and broker/dealer headquartered in New York City. The firm was also previously known as Morgan Lewis & Co. Morgan Joseph TriArtisan is a subsidiary of Morgan Joseph TriArtisan Group, Inc. Morgan Joseph TriArtisan's primary focus is on providing financial advisory and capital raising services in the US, Europe and Asia. This includes mergers and acquisitions advice, restructuring advice, private placements and public offerings of debt and equity. For their institutional clients, Morgan Joseph TriArtisan provides a full range of sales and executions services, including equity research and specialized reports on convertible debt. The firm's sales and trading teams service a variety of institutional clients with both debt and equity investment ideas and trading services. Morgan Joseph primarily serves the consumer products, healthcare, automotive, chemical, transportation, construction, entertainment, telecommunications and media industries. Morgan Joseph TriArtisan's debt and equity analysts cover a growing universe of stock and bond issues across a broad range of industry sectors. Their equity research focuses primarily on middle-market companies with limited research and coverage and uses a classic bottom-up qualitative approach. The high-yield department specializes in finding trading opportunities by identifying undervalued and overvalued high-yield debt for institutional clients. They focus on small- to mid-sized issues that are not widely covered and are often mispriced in the market. Morgan Joseph TriArtisan is a member of FINRA, the NASD and the SIPC.