Ryan Investment Management ("Ryan") is an SEC registered investment adviser located in Aspen, Colorado.  Ryan and its representatives are in compliance with the current registration and/or notice filing requirements imposed upon SEC registered investment advisers by those states in which Ryan maintains clients.  Ryan may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements.  Ryan's web site is limited to the dissemination of general information pertaining to its investment advisory services, together with access to additional investment related information and links.  Accordingly, Ryan does not, and will not, effect or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.  Any subsequent, direct communication by Ryan with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.  For information pertaining to the registration status of Ryan, please contact the United States Securities and Exchange Commission and/or the state securities law administrators for those states in which Ryan maintains a notice filing.  A copy of Ryan's current written Disclosure statement discussing Ryan's business operations, services, and fees is available from Ryan upon written request.  Ryan does not make any representations or warranties as to the accuracy, completeness, or relevance of any information prepared by any unaffiliated third party provider, whether linked to Ryan's web site or incorporated herein.  All such information is provided solely for convenience purposes only and all users thereof should be guided appropriately.