Integrity of Information

Integrity of information has become a major issue in financial markets today. Therefore, we at IRC believe we must have a short "white paper" covering this fact of financial life. We do not want to sound "holier than thou" or like we're preaching. We believe that far and away most businesses try to do the right thing in their accounting, as they see it.

I have never thought of saying this before, and never would have thought it was important enough to mention, but I have been in investor relations for 40 years without any scandal. IRC is over 26 years old and has never been cited as a party to any action, particularly any growing out of a client's financial statements. I guess that is good. Previously I would have considered it merely normal.

At this time, we pledge that we will continue to strive for the highest level of professional reporting and transparency in the best sense of those terms in use in business today. We recognize though that we are advisors and in most cases cannot make the final decision on what is reported. It is our responsibility 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