Préfontaine Capital Inc. is an independent investment advisory firm, registered with the Quebec Financial Markets Authority (Autorité des marchés financiers), and set up in February 2004 by Stéphane Préfontaine. The firm manages investments for private individuals, family trusts and estates, holding companies, and private foundations. The firm's mission is to provide an optimal risk/return ratio for our clients' portfolios, while respecting the risk profile and particular needs of each client, and to offer a very personalized service. Préfontaine Capital is entirely independent. We sell no financial product nor are we related to any brokerage firm, bank, mutual fund or insurance company. Our sole loyalty is towards our clients, and our own financial interests are linked to those of our clients. The manager's personal investments and those of his family are invested basically the same way our clients' investments are, providing for differences in risk tolerance and special needs. This we think ensures more effort in research, more conviction and more prudence in investment decisions. Préfontaine Capital seeks to provide a superior level of service and portfolio attention for its clients. Our goal is to develop long-term relationships with satisfied clients.