January 2, 2009
Specialty Finance, Financem Basic Materials, Industrial Services,, Services, Technology, Medical Instruments, Mining & Exploration

Financial
Specialty Finance
Fifth Street Finance Corp. (FSC-NYSE)
“We currently sit on over 40 boards of directors of small and mid-sized companies. We have worked closely with our clients and private equity sponsors in developing their business, fund raising and growth plans, etc. These partnerships have taken years to develop and we are very proud of the accomplishments that our clients have achieved.” - Leonard M. Tannenbaum

Finance
Smartcard
SmartCard Marketing Systems, Inc. (SMKG-OTCPK)
“Yes, our transactions have gone up month-after-month, and as I alluded to earlier, we have just begun. We are still at the very early stages of our growth curve. You can see in our press releases that our transactions are almost doubling every month. Obviously, we can’t expect that same growth rate forever, but we see a very lucrative growth curve ahead of us over the next year. Interestingly enough, the economic climate today is actually driving our business because people who’s credit is hampered on the consumer side, who can’t get or use a credit card, are turning towards debit. That is a global trend that we are benefiting from, the move from credit to debit. It is something that is occurring in the market naturally.” - Bruce Baillio, MBA

Basic Materials
Oil & Gas Drilling & Exploration
Bonanza Oil & Gas, Inc. (BGOI-OTC: BB)
“We became public at the end of 2007, as an oil and gas production and development company. We look forward to the future. We have a long-term drilling program that we have implemented. This program will last approximately three years, and the plan is to grow the company through the drill bit.” - William Wiseman

Industrial Services
Construction
The Churchill Corporation (CUQ-TSX)
“One thing that sets us apart is our spectrum of companies. For the two key market drivers in Alberta, we are ideally placed. The first market as you know is the infrastructure market and our Stuart Olson Company has a great reputation and is very active in probably the best area to be, the large and sophisticated project area. On the industrial side our four industrial companies are respected, and are ideally placed. The other general thing I would say is that in many of our companies we have a mature, stable workforce especially in the management ranks. We have a lot of long-term employees in our companies. They have been with us for 25-35 years. We have the sons and daughters of employees coming into the different organizations. We have a pretty stable and attractive place to work and we are committed to improving that even more. I think for those two reasons, and especially in this climate where everybody is busy and looking for good people, I think the key attraction is probably our stable mature workforce.” - Peter F. Adams

Services
Specialty Eateries
Papa Bello Enterprises, Inc. (PAPA-OTCPK)
“We are extremely encouraged that we are growing in the current economic environment and we are still getting interest and leads and opening new stores with literally zero marketing efforts. As we move forward into 2009, we are going to begin a marketing campaign, which is something that we have yet to do…We think with that and the growing popularity and interest in our brand that we are going to get to continue to grow.” - Chase S. Canfield

Technology
Diversified Electronics
Global Axcess Corp. (GAXC-OTC: BB)
“Most of the change has been a refocus on our core business and getting back to the basics of running that business. We’re becoming more detail oriented, more cost conscious and our business is managing Automated Teller-Machines or ATMs. Therefore, we’ve put a lot of focus on making sure that each ATM is profitable and improving our net profit.” - George McQuain

Technology
Internet Content
Live Current Media Inc. (LIVC - OTC: BB)
“When you look at things like the size of the health and beauty market, you look at the concept and how we differentiate ourselves in the marketplace. Both through the fact that we can acquire customers at a very low price which gives us a huge market advantage and the fact that we have a concept which will radically change the way the consumers interact with destination hubs in the health and beauty segment and this cricket deal, I think we have an enormous amount of upside. I would like to say that the wind is behind us because the trends in both of these segments are firmly behind the growth of online experiences and what we are doing with destination hubs is unique and market differentiating and will allow us to become the market leader.” - C. Geoffrey Hampson

Medical Instruments & Supplies

Peripheral Vascular
LeMaitre Vascular, Inc. (LMAT-NASDAQ)
“LeMaitre is a company that focuses predominately on the vascular surgeon and the vision is to develop, acquire and market vascular products that speak directly to the approximately 5000 vascular surgeons worldwide.” - Joseph P. Pellegrino, Jr.