OUR RESEARCH

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Holland Financial Inc. is a multi-disciplinary professional firm within the financial industry. Certain clients may engage the firm for comprehensive analytics, compliance and quantitative research. Clients desiring such services may include but are not limited to, emerging pubic companies; or those attempting to become public that may require SEC filing assistance, as well as existing issuers seeking corporate coverage. The firm may also be engaged by institutional shareholders and private fund companies for competitive intelligence purposes.

In accordance, with an agreement between Holland Financial Inc. and an issuer, compensation will be received from the Subject Company covered in the firm’s research.  Holland Financial Inc. will not provide specific individualized recommendations, concerning a particular company profiled in its research, or render any guidance concerning the acquisition or disposal of the securities of the Subject Company.  Employees and Principals of Holland Financial Inc. will not have any equity positions in the securities of the Subject Company.

Information which may be disseminated by Holland Financial Inc. is contingent upon data which may be acquired from the Covered Company, as well as other third parties.  Public companies who engage us may already maintain their own listing details and other related data, which may include company overviews, press releases, SEC filings, audio, video and web-based communications.  

The material in which Holland Financial Inc. provides to a corporate issuer is believed to be from credible sources. The firm makes no implied or express warranties.   Holland Financial Inc. does not make any endorsements concerning data provided on behalf of an issuer.  Nor will the firm independently assert the completeness or reliability of a report provided on behalf of an issuer. 

The material that is made available concerning the Subject Company is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities either generally, or in any state or other jurisdiction where the offer or sale is not permitted. Issuer paid research provided by our firm does not constitute any recommendation concerning a particular company profiled, nor is our research intended to serve as a substitute for advice concerning the financial status of a particular company profiled.  Holland Financial Inc. is not liable for any investment determinations by those accessing our research.  Our firm does not have custody, maintain control, nor do we have access over any securities brokerage accounts, other than in our own name.

It is strongly recommended that any recipient of our reports, conduct their own due diligence and research, prior to making an investment decision.  Holland Financial Inc. will not recommend that any third party accessing our research, open brokerage accounts to acquire securities of a company covered in our research or advise that they acquire the Profiled Company’s securities.    

Statements contained in the information disseminated that are not historical facts are “forward looking statements”, within the meaning of Section 27(a) of the Securities Act of 1933 and Section 21(e) of the Securities Exchange Act of 1934. 

Forward-looking statements may be identified through the use of words such as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should, or might occur. Any statements that express or involve predictions, expectations, beliefs, plans, projections, objectives, goals or future events or performance may be forward-looking statements.

Forward-looking statements are based upon expectations, estimates and projections at the time the statements are made and involve risks and uncertainties that could cause actual events to differ materially from those anticipated. Any recipient or other third party accessing information on the Profiled Company should be aware that material changes may have occurred since the publication and dissemination of the data. It is strongly recommended that parties consult with legal counsel and other professional advisers as appropriate, regarding any investment in the Profiled Company, or its securities and not rely solely upon the data.

If the Profiled Company submits reports with the SEC, Financial Projections should be in accordance with standards released by the Public Company Accounting Board, the SEC or standards established by the American Institute of Certified Public Accountants.  In some instances, a Profiled Company may fail to follow this standard. Consequently, the financial projections of a Profiled Company may fail to disclose the basis of accounting applicable in their financial projections.

More complete information can be found regarding companies required to make periodic filings from the website of the Securities and Exchange Commission, at http://www.sec.gov/ and copies of their filings may be read without charge and copies obtained at prescribed rates from the public reference facilities of the Commission, at 450 Fifth Street, NW, Washington, DC 20549.

Our firm adheres to the Research Objectivity Standards of the CFA Institute available at https://www.cfainstitute.org/en/ethics/codes/research-objectivity-standards and to the “Best Practice Guidelines Governing Analysts/Corporate Issuer Relations” Issued by CFA Centre for Financial Market Integrity/National Investor Relations Institute, available at https://www.cfainstitute.org/en/advocacy/policy-positions/best-practice-guidelines-governing-analyst  and at http://www.niri.org, and we comply with securities laws, regulations, and ethical standards as related to our legal and compliance requirements.

Form ADV of an SEC-Registered Investment Adviser firm,  Exempt Reporting Adviser firm, or State-Registered Investment Adviser firm can be viewed online by visiting the Investment Adviser Public Disclosure (IAPD) (www.adviserinfo.sec.gov) website.  

Holland Financial Incorporated is an Exempt Reporting Adviser firm.  Exempt Reporting Advisers (ERAs) are required to file Part 1A of Form ADV through the IARD system managed by FINRA. 

ERAs are investment advisers that generally rely on either the Private Fund Adviser Exemption (Advisers Act Section 203(m)) or the Venture Capital Fund Adviser Exemption (Advisers Act Section 203(l)).