EDGAR

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EDGAR, the Electronic Data-Gathering, Analysis, and Retrieval system, performs automated collection, validation, indexing, acceptance, and forwarding of submissions by companies and others who are required by law to file forms with the U.S. Securities and Exchange Commission (the "SEC").

Not all SEC filings by public companies are available on EDGAR. Companies were phased in to EDGAR filing over a three-year period, ending May 6, 1996. As of that date, all public domestic companies were required to make their filings on EDGAR, except for filings made in paper because of a hardship exemption. Third-party filings with respect to these companies, such as tender offers and Schedule 13D filings, are also filed on EDGAR.

The vast majority of documents are now filed electronically and are available via EDGAR. As of November 4, 2002, the SEC required all foreign companies and foreign governments to file their documents on EDGAR. Prior to that time, electronic filing by foreign companies also was voluntary.

It should also be noted that the actual annual report to shareholders (except in the case of mutual fund companies) need not be submitted on EDGAR, although some companies do so voluntarily. However, the annual report on Form 10-K or Form 10-KSB, which contains much of the same information, is required to be filed on EDGAR.

Regulatory filings by Canadian companies and by foreign companies with a significant connection to Canada are submitted using the Canadian equivalent, SEDAR.

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