SEMAPHORE INVESTMENTS, INC.

Investment services, investment consultation for capital and funds, investment advice, investment management; investment and brokerage services in the fields of stocks, bonds, mutual funds, securities and investments; financial consultation, financial planning, financial portfolio management, financial forecasting, financial research and analysis, including the creation of asset allocation models and financial plans; money management services; insurance services in the nature of insurance and annuity products; all of the foregoing services also provided through the dissemination of printed materials, includes maps and newsletters, by telephone, and on-line via global computer network