Harm Bandholz

UniCredit Capital Markets, Inc. is a broker/dealer headquartered in New York City. They are a subsidiary of UniCredito Italiano SpA. The firm provides an array of trading and execution services for their clients. They do not provide any internal research

HVB Capital Markets, Inc. is the US Capital Market subsidiary of Bayerische Hypo- und Vereinsbank AG, with their US headquarters in New York City. The firm provides investment services to small- to mid-cap companies, as well as multinational and institutional clients. HVB's internal research effort is based on fundamental analysis that seeks stocks with: good management, consistent historical earnings growth and presence in sectors with above-average growth potential. Fixed-income management focuses on treasuries and municipal bonds. Their ultimate parent is Unicredito Italiano SpA (ISE: UC).