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<td width="5%" valign="TOP">
<p>&nbsp;</p>
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<td width="5%" valign="TOP">
<p>&nbsp;</p>
</td>
<td width="90%" valign="TOP">
<p>&nbsp;</p>
</td>
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<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">(p)</font></p>
</td>
<td valign="TOP">
<p><font size="2"><u>Recent
 Accounting Standards Affecting the Company </u></font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
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<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">In December
 2007, the Financial Accounting Standards Board (“FASB”) issued Statement of
 Financial Accounting Standards (“SFAS”) No. 141 (revised 2007), Business
 Combinations, which replaces SFAS No 141. The statement retains the purchase
 method of accounting for acquisitions, but requires a number of changes,
 including changes in the way assets and liabilities are recognized in the
 purchase accounting. It also changes the recognition of assets acquired and
 liabilities assumed arising from contingencies, requires the capitalization
 of in-process research and development at fair value, and requires the expensing
 of acquisition-related costs as incurred. SFAS No. 141R is effective for
 business combinations for which the acquisition date is on or after the
 beginning of the first annual reporting period beginning on or after December
 15, 2008. Management currently believes that the adoption of this statement
 will not have a material impact on the Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">In December
 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated
 Financial Statements, an amendment of ARB 51, which changes the accounting
 and reporting for minority interests. Minority interests will be
 recharacterized as noncontrolling interests and will be reported as a
 component of equity separate from the parent’s equity, and purchases or sales
 of equity interests that do not result in a change in control will be
 accounted for as equity transactions. In addition, net income attributable to
 the noncontrolling interest will be included in consolidated net income on
 the face of the income statement and, upon a loss of control, the interest
 sold, as well as any interest retained, will be recorded at fair value with
 any gain or loss recognized in earnings. SFAS No. 160 is effective for annual
 periods beginning after December 15, 2008. Management currently believes that
 the adoption of this statement will not have a material impact on the
 Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">In March
 2008, the FASB issued FASB Statement No. 161, Disclosures about Derivative
 Instruments and Hedging Activities. The new standard is intended to improve
 financial reporting about derivative instruments and hedging activities by
 requiring enhanced disclosures to enable investors to better understand their
 effects on an entity’s financial position, financial performance, and cash flows.
 It is effective for financial statements issued for fiscal years and interim
 periods beginning after November 15, 2008, with early application encouraged.
 Management currently believes that the adoption of this statement will not
 have a material impact on the Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">In May 2008,
 the FASB issued Statement No. 162, “The Hierarchy of Generally Accepted
 Accounting Principles” (“SFAS 162”). The new standard is intended to improve
 financial reporting by identifying a consistent framework, or hierarchy, for
 selecting accounting principles to be used in preparing financial statements
 that are presented in conformity with U.S. generally accepted accounting
 principles (GAAP) for nongovernmental entities. Prior to the issuance of SFAS
 162, GAAP hierarchy was defined in the American Institute of Certified Public
 Accountants (AICPA) Statement on Auditing Standards (SAS) No. 69, The Meaning
 of Present Fairly in Conformity With Generally Accepted Accounting
 Principles.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">SFAS 162 is
 effective 60 days following the SEC’s approval of the Public Company
 Accounting Oversight Board Auditing amendments to AU Section 411, The Meaning
 of Present Fairly in Conformity
 with Generally Accepted Accounting Principles. Management currently believes
 that the adoption of this statement will not have a material impact on the
 Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">(q)</font></p>
</td>
<td valign="TOP">
<p><font size="2"><u>Reclassifications
 </u></font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
</tr>
<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="2">Certain
 amounts as previously reported have been reclassified to conform to current
 year presentation.</font></p>
</td>
</tr>
</tbody></table>
<table>
<tbody><tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>(p)</font></p>
</td>
<td>
<p><font><u>Recent
 Accounting Standards Affecting the Company </u></font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>In December
 2007, the Financial Accounting Standards Board (“FASB”) issued Statement of
 Financial Accounting Standards (“SFAS”) No. 141 (revised 2007), Business
 Combinations, which replaces SFAS No 141. The statement retains the purchase
 method of accounting for acquisitions, but requires a number of changes,
 including changes in the way assets and liabilities are recognized in the
 purchase accounting. It also changes the recognition of assets acquired and
 liabilities assumed arising from contingencies, requires the capitalization
 of in-process research and development at fair value, and requires the expensing
 of acquisition-related costs as incurred. SFAS No. 141R is effective for
 business combinations for which the acquisition date is on or after the
 beginning of the first annual reporting period beginning on or after December
 15, 2008. Management currently believes that the adoption of this statement
 will not have a material impact on the Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>In December
 2007, the FASB issued SFAS No. 160, Noncontrolling Interests in Consolidated
 Financial Statements, an amendment of ARB 51, which changes the accounting
 and reporting for minority interests. Minority interests will be
 recharacterized as noncontrolling interests and will be reported as a
 component of equity separate from the parent’s equity, and purchases or sales
 of equity interests that do not result in a change in control will be
 accounted for as equity transactions. In addition, net income attributable to
 the noncontrolling interest will be included in consolidated net income on
 the face of the income statement and, upon a loss of control, the interest
 sold, as well as any interest retained, will be recorded at fair value with
 any gain or loss recognized in earnings. SFAS No. 160 is effective for annual
 periods beginning after December 15, 2008. Management currently believes that
 the adoption of this statement will not have a material impact on the
 Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>In March
 2008, the FASB issued FASB Statement No. 161, Disclosures about Derivative
 Instruments and Hedging Activities. The new standard is intended to improve
 financial reporting about derivative instruments and hedging activities by
 requiring enhanced disclosures to enable investors to better understand their
 effects on an entity’s financial position, financial performance, and cash flows.
 It is effective for financial statements issued for fiscal years and interim
 periods beginning after November 15, 2008, with early application encouraged.
 Management currently believes that the adoption of this statement will not
 have a material impact on the Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>In May 2008,
 the FASB issued Statement No. 162, “The Hierarchy of Generally Accepted
 Accounting Principles” (“SFAS 162”). The new standard is intended to improve
 financial reporting by identifying a consistent framework, or hierarchy, for
 selecting accounting principles to be used in preparing financial statements
 that are presented in conformity with U.S. generally accepted accounting
 principles (GAAP) for nongovernmental entities. Prior to the issuance of SFAS
 162, GAAP hierarchy was defined in the American Institute of Certified Public
 Accountants (AICPA) Statement on Auditing Standards (SAS) No. 69, The Meaning
 of Present Fairly in Conformity With Generally Accepted Accounting
 Principles.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>SFAS 162 is
 effective 60 days following the SEC’s approval of the Public Company
 Accounting Oversight Board Auditing amendments to AU Section 411, The Meaning
 of Present Fairly in Conformity
 with Generally Accepted Accounting Principles. Management currently believes
 that the adoption of this statement will not have a material impact on the
 Company’s financial statements.</font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>(q)</font></p>
</td>
<td>
<p><font><u>Reclassifications
 </u></font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>Certain
 amounts as previously reported have been reclassified to conform to current
 year presentation.</font></p>
</td>
</tr>
</tbody></table>