BUSINESS UPDATE Disclaimer This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in any jurisdic tion where such offer or sale is not permitted. Any securities referred to herein, if any, have not been, and will not be, registered under the Securities Act of 1933, as amended (the "Securities Act"), or under any state sec urities laws in the United States. Securities may not be offered or sold in the United States unless they are registered or exempt fr ...