Operations

Name Changes and Stock Splits

Name Change Requests

When executing a name change, the Company must supply Corporate Stock Transfer with a copy of the Name Change Request as filed with the state of incorporation. Once this form is received, Corporate Stock Transfer will file for new Cusip numbers on behalf of the Company. The Company has the option to print new certificates, or to have Corporate Stock Transfer place a stamp of the Company's new name change on the existing supply of certificates. Corporate Stock Transfer will notify the Company of fees related to the change, which must be paid prior to implementing this change.

* Nasdaq requires 10 days notice prior to record date

Contact: Brigette Matthews

Forward Stock Splits

Upon notification from the Company of its intent to forward split its stock, Corporate Stock Transfer will send a letter to the Company advising it of the various procedures and related fees associated with Corporate Stock Transfer's involvement in the referenced reorganization.

* Nasdaq requires that a certificate representing the forward split shares be mailed to the shareholder on the payable date.

* No new Cusip is required for a forward split.

** A new Cusip number is not required for a forward split.

Reverse Stock Splits

Upon notification from the Company of its intent to reverse split its stock, Corporate Stock Transfer will send a letter to the Company advising it of the various procedures and related fees associated with Corporate Stock Transfer's involvement in the referenced reorganization. All reverse stock splits require a letter of transmittal to go to shareholders upon record date

Transfer Agent Verification Form

In the event of a reverse stock split, the Company must file a 10b-17 report with Nasdaq. Corporate Stock Transfer must also receive a copy of this report along with the minutes of the Board of Directors in order to apply for new Cusip numbers.

* Nasdaq requires 10 days notice.

Letter of Transmittal

Corporate Stock Transfer requires that in the event of a name change or a reverse stock split, the Company send a letter to its shareholders informing them of the change. It is also recommended that the Company include a copy of the Letter of Transmittal and provide instructions on how the securities holder can use the Letter of Transmittal to exchange the old certificates for new ones.

Cancellation Of Certificates

Request to Cancel Accompanied by Certificate

Stock Power Signed By Shareholder
To cancel a certificate, Corporate Stock Transfer, Inc. will require that the certificate be presented with a Stock Power duly executed by the shareholder together with a Medallion Signature Guarantee.
Improperly Issued Certificates
To cancel a certificate that was issued in error, Corporate Stock Transfer, Inc. requires that the request be accompanied by an opinion of issuer's counsel demonstrating to the satisfaction of Corporate Stock Transfer, Inc. that the certificate was issued in error.
Certificate Never Delivered By Issuer to Shareholder
Corporate Stock Transfer, Inc. cannot cancel a certificate on the representation of an issuer to the effect that the shareholder did not pay consideration for the shares or that a transaction did not close. To cancel a certificate which was properly issued but never delivered to the shareholder, Corporate Stock Transfer, Inc. requires an opinion of counsel satisfactory to Corporate Stock Transfer, Inc. setting forth the facts giving rise to the request to cancel the certificate, stating that the cancellation is permitted under applicable law, and opining that the cancellation is in fact rightful within the meaning of UCC 8-401(a)(7).

Request to Cancel Without a Certificate

Lost or Destroyed Certificate
Please contact the Lost Certificate Department at 303-282-4800.
Certificate improperly Delivered By Issue
Please contact the Lost Certificate Department at 303-282-4800.