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Disclaimer for bearstearns.com

This website is published in the United States, and is intended for distribution to and use by US residents only. None of the services, investments or mutual funds referred to in this site is available to persons resident in any jurisdiction where such availability or distribution would be contrary to local law or regulation.


Informational Purposes Only
This site is designed for informational purposes only and does not constitute a solicitation or offer by Bear, Stearns & Co. Inc. or its subsidiaries and affiliates (collectively, "Bear Stearns") to buy or sell any securities, futures, options, foreign exchange or other financial instrument or to provide any investment advice or service.

Other Roles of Bear Stearns
Bear Stearns may, to the extent permitted by law, participate or invest in financing transactions with the issuer(s) of the securities referred to in this website, perform services for or solicit business from such issuers, and/or have a position or effect transactions in the securities or options thereon. In addition, they may make markets in the securities mentioned in the material presented in this website. Bear Stearns may, to the extent permitted by law, act upon or use the information or opinions presented herein, or the research or analysis on which they are based before the material is published. Additional information is available upon request.

Other Caveats
Past performance should not be taken as an indication of guarantee of future performance, and no representation or warranty, express or implied is made regarding future performance. Opinions and estimates reflect a judgment at original date of publication by Bear Stearns and are subject to change. The value and income of any of the securities or financial instruments mentioned in this Site can fall as well as rise. Foreign currency denominated securities and financial instruments are subject to fluctuations in exchange rates that may have a positive or adverse effect on the value, price or income of such securities or financial instruments. Structured securities and many municipal securities are complex, often illiquid, instruments, typically involve a high degree of risk and are intended for sale only to sophisticated investors who are capable of understanding and assuming the risks involved. The information on this website has not approved by any governmental agency or instrumentality or self-regulatory organization.

Disclaimer of Warranty
Bear Stearns does not guarantee the accuracy, validity, timelessness, completeness or suitability of any information or data made available to you on this site. We also disclaim all warranties, express or implied, Including, but not limited to, warranties of title, non-infringement, merchantability or fitness for a particular purpose.

Limitation of Liability
Bear Stearns will not be liable for any damages or injuries arising out of your use of any information or data made available to you on this site, Including without limitation, damages relating to any (i) error, omission, interruption, delay in operation or transmission, (ii) computer virus, (iii) failure or defect in any communication facilities, hardware or software, (iv) theft and destruction or unauthorized access to, alteration of, or use of information, whether resulting in whole or in part from negligence or otherwise. The use of this website is at your own risk.

Use of Links
A link to a service or a site outside of this site is not an endorsement of the service or site, its content or its sponsoring organization. Bear Stearns assumes no responsibility for screening or reviewing any of the foregoing. There are inherent risks in the use of any software and information found in the Internet and you acknowledge that you understand these risks before using any of these services.

Regulatory Status
Bear, Stearns & Co. Inc. is a broker-dealer registered in all 50 states as well as in the District of Columbia, Guam, Puerto Rico and the Virgin Islands, and is a member of the New York Stock Exchange, Inc., the National Association of Securities Dealers, Inc. and the Securities Investor Protection Corporation (SIPC). To the extent that the information on this website may be accessed in the United Kingdom, it is directed only to persons who ordinary business activities involve them in acquiring, holding, managing or disposing of investments (as principals or agents) for the purposes of their businesses.   Bear Stearns foreign exchange transactions are carried out by Bear Stearns Forex Inc.

Copyrights and Trademarks
Except as maybe expressly authorized, no information or material contained on this site may be reproduced, transmitted, displayed or commercially exploited without the written consent of Bear, Stearns & Co. Inc. "Bear Stearns" is the registered trademark and service mark for The Bear Stearns Companies Inc.

Agreements
This Disclaimer is in addition to any Bear Stearns Access Agreement, Customer Agreement, Account agreement and/or Electronic Services Agreement that may be displayed by Bear Stearns at this website or clicked through or otherwise agreed to by any person or entity accessing this Website.