FMSbonds, Inc.

more information to understand the nuances of these securities. Our highly trained municipal bond specialists augment our electronic resources and are available - online as well as offline - to help investors identify opportunities and meet their long-term objectives. FMSbonds.com

We were pioneers years ago when we launched our online service, www.FMSbonds.com, and are committed to constantly refining our efforts today. At our Web site, we offer investors sophisticated yet easy-to-navigate interactive investing opportunities, including access to a live inventory of tax-free and taxable municipal bonds available for real-time pricing and trading; a wealth of market insight, including pertinent information on timely buying opportunities, investment strategies and commentary; as well as other information relevant to the needs of municipal bond buyers. Most online companies that sell bonds today do not own the bonds they sell and instead display the compiled offerings of many different bond firms. As a genuine bond firm that serves investors both online as well as offline, we own the inventory we sell, empowering clients with a seamlessly interactive process in which they can purchase bonds easily, knowledgeably and with confidence. Insight, not just information

Unlike equities, tax-free municipal bonds and BABs are distinct, multi-faceted instruments. With original commentary, strategies and bond analyses, we offer investors a deeper understanding of the bond market and their own portfolios. In addition, FMSbonds has developed the patented Muni-Trac tm report that gathers all the pertinent information about a client's bonds in one organized format. The firm is a member of FINRA and SIPC. SIPC protects the securities customers of its members up to $500,000 (including $250,000 for claims for cash). Explanatory brochures are available upon request or at www.sipc.org. Our heritage

Our firm was founded in 1978 by James A. Klotz and Paul Feinsilver, both of whom still lead FMSbonds today, and we are active in numerous civic, philanthropic and professional organizations. Mr. Klotz, a native of New Jersey, earned his B.S. in economics from Upsala College in East Orange, N.J. He is regularly cited by the financial media for his insight into the tax-free and taxable municipal bond markets. Feinsilver, a native of New Jersey, earned his bachelor’s degree from the University of Maryland. From offices in North Miami Beach and Boca Raton, Florida; Denver, Colorado; Greenwich, Connecticut; and Bozeman, Montana, we have earned a reputation for providing exceptional value and expertise to tax-free and taxable municipal bond buyers across the country. We welcome your comments and questions. For further information, please e-mail us or phone the E-desk at 1-800-FMS-BONDS (367-2663).