Investment Disclaimers

All accounts are accepted solely at the discretion of Global-American Investments, Inc. Global-American Investments, Inc. accepts customer orders only on an unsolicited basis, and does not make any recommendations whatsoever regarding any security or securities product.

Disclaimer

Options involve specific risks and complexities, and are not suitable for all investors. Prior to buying or selling an option, a person must receive a copy of the Options Clearing Corporation risk disclosure document titled Characteristics and Risks of Standardized Options. Please read the Characteristics and Risks of Standardized Options and the Penson Financial Services, Inc. Customer Option Agreement prior to engaging in any options trading.

NASD Rule 2342 Disclosure:

" Customers may obtain information about SIPC, including the SIPC brochure, by contacting SIPC at http://www.sipc.org or (202) 371-8300.

The risk of loss in electronic trading can be substantial. You should therefore consider whether such trading is suitable for you in light of your circumstances and financial resources. Not all securities, products or services described are available in all countries, and nothing herein is an offer or solicitation of securities products and services in any jurisdiction where their offer or sale is not qualified or exempt from registration. Please be aware that in the event of a power failure or brownout, customers may have a potential problem reaching Global-American Investments, Inc., or being able to access their accounts to trade. Copyright 2000, 2001. All rights reserved. ©