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Fourth Quarter 2006 Newsletter

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This website is for informational purposes only and is not a complete description of our investment advisory services or performance. Pi Capital, Inc. is an independent investment management company, and not associated with any mutual fund company nor does it receive compensation for mentioning any mutual fund or mutual fund family, brokerage firm (other than Bear, Stearns Securities Corp., our prime broker), nor any third party investment manager.

This website does not represent a solicitation or offer to sell securities or investment advisory services except, where applicable, in jurisdictions where we are registered or where an exemption or exclusion from such registration exists. The information and services described on this site are not an offer to sell or the solicitation of an offer to buy any security in any jurisdiction in which such offer solicitation, purchase or sale would be unlawful under the securities law of such jurisdiction.

All figures, calculations, graphs and other numerical representations appearing on this website have not been audited and are subject to change without notice. In addition, some of the information presented on this website may be based on information derived from third party sources. While Pi Capital has obtained such information from third party sources it believes to be reliable, Pi Capital does not make any representations or warranties as to the accuracy of such information and is not responsible for any inaccuracies and expressly disclaims any and all liability.

Nothing in this site should be interpreted to state or imply that past performance is indicative of future results. All investments involve risk including the loss of principal.

ALL INFORMATION AND CONTENT’S FURNISHED WITHOUT ANY IMPLIED OR EXPRESS WARRANTIES. ALL INFORMATION AND CONTENT ON THIS SITE IS SUBJECT TO APPLICABLE STATUTES AND REGULATIONS.

Visitors to this website may not reproduce, modify or circulate any portion of its content unless specifically authorized from Pi Capital, Inc. Pi Capital, Inc. is not liable for adverse consequences which result from any unauthorized reproduction or use of the data and information on this website.

© Copyright 2006. Pi Capital, Inc. All rights reserved.

 
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