Integrity of Information

Integrity has become a major issue in financial markets today both in terms of information and the people who disseminate it. We don't want to sound "holier than thou" or like we're preaching. Far and away most businesses try to do the right thing in their accounting and in their dealings with the financial community and investors.

I have never thought of saying this before, never would have thought it was important enough, but I have been in IR for more 40 years without any scandal. IRC is 27 years old and has never been cited as a party to any action, particularly any growing out of a client's financial statements or public announcements. I guess that is good. Previously I would have considered it merely normal.

Because of the way we conduct our business, IRC has built a solid reputation and that reputation and credibility is lent, we realize, to our clients. The investment community has a certain level of expectations when they know a company is represented by IRC. We work everyday to meet those expectations. It is an important competitive advantage newer IR firms cannot duplicate.

At this time, we pledge that we will continue to strive for a high level of professional reporting and transparency in the best sense of those terms in business today. We are advisors and in most cases cannot make the final decision on what is reported but our responsibility is to be sure that we work for companies that build or maintain reasonable or outstanding disclosure methods and that we support them with appropriate counseling.

We look forward to the day when statements like this will no longer be necessary.

Sherwood Lee Wallace
The Investor Relations Company