Issuu on Google+

Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 1 C

M

Y

CM

MY

CY CMY

K

!"#$%"&&"'()*$(+*'&*$ )"(,"&-./%("(,"$01.'/ !"# $$# %# &'()*# +,# -./-# %# 0123,4516(

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 2 C

789:;#0<9!89; !,=4(,55,1#+*4#>*15*4#+,#?,5@A6(#,#?,423A16 !@3,1*#$$#B#&'()*#-./>1*C12,+6+,D#;>??#%#;+32E24516FG*#+*4#>*15*4#+,#?,5@A6(#,#?,423A16H#?; I*16+6D#>16F6#+6#J,C@A(2K6#%#-L.M%N.O#?,5@A6( 0,(PD#QR$N/S#-TN#NM-#...##%##76UD#QR$N/S#-TN#-$.#LLV362(D#W,16(XC*15*+,4,5'A6(PC5 ===PC*15*+,4,5'A6(PC5 Y21,5*16D#7Z5236#<[*16 V+2FG*D#Y,C61563,E5*#+,#I61\,52EW#,#Y*K'3,E56FG* 9**1+,E6FG*#W1Z]2K6D#!'E*#^*A*#>6'(* 7*5*W16]26D#!'E*#^*A*#>6'(*H#>6'(*#?23_,4 J,+6FG*D#I6126#`*G*#a6K6()6'H#`*G*#b*EF6([,4H#7Z5236#<[*16 9*(6A*16+*1,4#K*E[2+6+*4D#b16F6#c2,W64H#;E5dE2*#I6152E4 9*EK,FG*#b1Z]2K6D#e)25,#a16E+#?,1[2K,4 83C1,44G*D#b1Z]2K6H#^+6 8??!D#/TMN%L/$f Y,Cd425*#^,W6(D#-.-$$.g.$ 0216W,3D#/P$..#,U,3C(61,4 >,12*+2K2+6+,D#0123,4516( Y24512A'2FG*D#b165'256 ;>??H?;#%#0*+*4#*4#+21,25*4#1,4,1[6+*4P

Composite

M

Y

CM

MY

CY CMY

K


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 3 C

M

Y

CM

MY

CY CMY

K

#$%&'(%)*

)+,-./01/234+54+-6-174+#8'9'(&+,4+94.-4+5:+;:-<0,7+=4>?-/-1/

(:=4.5:R?:+G1:+4+[.,?/7+H,O+D,.-:+54?+5:?/B>,54?+[(%8;F

@4-/A4+5:+4.B17C4+D,.,+:?-,+)5@/>/?-.,234+94.-1E./,F+>,+@:5/5,

B.1D4+=4>?-/-1654+D:74+[.,?/7F+(<??/,F+c>5/,F+8C/>,+:+dH./=,+54+;17F

:@+G1:+H4/+4+D./@:/.4+D4.-4+D4.-1B1I?+,+40-:.+:?-:+D.:?-/B/4?4

G1:+D4??1/+1@+D:?4+:=4>X@/=4+=.:?=:>-:+>4+=:>E./4+@1>5/,7F

:?-,-1-4+:+4+-:.=:/.4+5,+9:>6>?17,+%0J./=,K+L,+,>E7/?:+?40.:+4+04@

,DX?+-:.+=.:?=/54+@,/?+5:+G1,-.4+A:O:?+>,+5J=,5,+D,??,5,K+9,.,

5:?:@D:>C4+,@0/:>-,7F+4+>4??4+D4.-4+.:=:0:1+,+>4-,+5:+>4A:>-,

U!VUF+4+N1>54+Z4>:-E./4+%>-:.>,=/4>,7+D.:AI+G1:+A:>C,+,+-:.+1@

:+ =/>=4+ A,74.:?F+ >1@,+ :?=,7,+ =4@+ 4+ A,74.+ @EM/@4+ 5:+ =:@K

=4>-./01-4+ 5:+ =:.=,+ 5:+ A/>-:+ D4.+ =:>-4+ >,+ :=4>4@/,+ @1>5/,7K

84@+:?-,+=7,??/H/=,234F+4+94.-4+5:+;:-<0,7+D,??,+,+/>-:B.,.

L4+G1:+?:+.:H:.:+,+;:?/@0.,F+@:.:=:+.:H:.I>=/,+,+=/-,234

,+.:5:+:1.4D:/,+5,+#=494.-?+N41>5,-/4>F+:>-/5,5:+/>-:B.,5,+>,

54+;:>C4.+;:=.:-E./4+5:+#?-,54+54+Z,.F+9.4HK+$41-4.+Z,>1:7+9/>-4

#1.4D:,>+;:,+94.-+'.B,>/O,-/4>+P#;9'QF+G1:+=4@D,.,+:+5/?-/>B1:

5:+)0.:1F+>1@,+:>-.:A/?-,+,+1@+Y4.>,7+5,+.:B/34F+>,+G1,7+5:?-,=,

,?+@:7C4.:?+D.E-/=,?+,@0/:>-,/?+D4.-1E./,?K

4+:M:@D74+5:+;:?/@0.,F+.:H:./>54R?:+S+H4.@,+=4@4+4?+D:?=,54.:? ,04.5,.,@+,?+5/H/=175,5:?+G1:+-/>C,@F+-4.>,>54+,?+D:?=,?+:H/=/:>-:?K

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

!"#$%&'(%)*%+ ,)-."/0$12&"3245%'0"627%&

5:+94.-1B,7+S?+.:?-,>-:?+=4@1>/5,5:?+5:+76>B1,+D4.-1B1:?,F+, )9;;+-:@+D.4=1.,54+D,.-/=/D,.+5:+H4.@,+,-/A,+>4+H4.-,7:=/@:>-4 5,?+.:7,2T:?+=4@:.=/,/?+:>-.:+:?-:?+D,6?:?F+?:>54+@:@0.4+H1>5,54. 5,+)??4=/,234+54?+94.-4?+5:+*6>B1,+94.-1B1:?,F+=./,5,+:@+U!VVK

84@+/>-:B.,234+>,+D476-/=,+5:+1-/7/O,234+.,=/4>,7+5:+.:=1.?4? 5,+)9;;F;)F+D.4=:5:1R?:+S+@4>-,B:@+5:+.:7XB/4?+,?-.4>X@/=4?

L4+W@0/-4+5:?-,+,@/O,5:+:+D476-/=,+5:+=44D:.,234+:>-.:

D,.,+=4@,>54+54+H1>=/4>,@:>-4+5,+/71@/>,234+D<07/=,+>,+O4>,

:>-/5,5:?+ 71?XH4>,?F+ .:=:0:@4?+ >4+ @I?+ 5:+ Y1>C4+ ,+ A/?/-,+ 54

D4.-1E./,+5:+;:?/@0.,K+#?-/@,R?:F+=4@+:?-,+@:5/5,F+40-:.+1@,

;:=.:-E./4+5,+%>5<?-./,F+84@J.=/4+:+Z/>:.,234+54+#?-,54+5,+[,6,F

.:51234+,>1,7+5:+=:.=,+5:+=/>=4+D4.+=:>-4+54+=4>?1@4+5:+:>:.B/,K

$.K+ \,@:?+ 84..:/,F+ :+ .:?D:-/A,+ =4@/-/A,K+ '+ :>=4>-.4+ />=71/1+ ,

#?-,+ ,234+ />?:.:R?:+ >4+ 9.4B.,@,+ 5:+ #H/=/I>=/,+ #>:.BJ-/=,+ >,

D.:?:>2,+5:+:@D.:?,?+54?+54/?+D,6?:?+:+A/?41+5,.+,+=4>C:=:.+,

)5@/>/?-.,234+9<07/=,+P#8'K)9QK

[,6,+:+4?+?:1?+D4.-4?F+0:@+=4@4+:>=:-,.+=4>-,-4?+D,.,+H1-1.,? ,2T:?+=4>Y1>-,?K

)/>5,+>4+D4.-4+5,+A/7,+5:+;:?/@0.,F+H4/+.:,7/O,5,+,+.:D,.,234 5,?+5:H:>?,?+5,+94>-:+8,/?+UF+,+G1,7+:>A47A:1F+5,5,+,+:?D:=/H/=/5,5:

)+D.:?:>2,+54+[.,?/7+:@+94.-1B,7+-,@0J@+J+,??/>,7,5,

5,+40.,F+,+D,.-/=/D,234+5:+@:.B17C,54.:?+D.4H/??/4>,/?K+N4/+-,@0J@

,-.,AJ?+54+/>A:?-/@:>-4+5,+#Z[()#(F+:@+51,?+HE0./=,?F+Y1>-4+S

@:7C4.,54+4+D,A/@:>-4+5,+O4>,+5,+,>-/B,+74-,F+/>-:.A:>234+G1:

=/5,5:+ 5:+ ]A4.,F+ 5:5/=,5,?F+ .:?D:-/A,@:>-:F+ S+ D.451234+ 5:

/>=71/1+1@+./B4.4?4+D7,>4+5:+D.:A:>234+:+B:?-34+5:+.:?6514?K

:?-.1-1.,?+@:-E7/=,?+5,?+,?,?+5:+,A/34+:+S+D.451234+5:+=4@D4>:>-:? D,.,+=,15,?K+#?-:+D.4Y:-4+5,+#Z[()#(F+-:.=:/.4+@,/4.+=4>?-.1-4. ,:.4>E1-/=4+,+>6A:7+@1>5/,7F+:?-E+7/B,54+,+-.I?+>4A4?+,A/T:?F+4? *:B,=^+_`!+:+`!!+P,A/,234+:M:=1-/A,Q+:+4+a8R"b!+P,A/,234+@/7/-,.QK L4+D,??,54+@I?+5:+Y1>C4F+4+94.-4+5:+;:-<0,7F+,-.,AJ?+?:1? -:.@/>,/?F+?:.A/1+5:+D7,-,H4.@,+5:+.:=:234+5:+:G1/D,@:>-4+5/A:.?4 5,+ #Z[()#(F+ />=71/>54+ 1@+ ,1-4=7,A:+ 5:+ B.,>5:+ 5/@:>?34F 5:?-/>,54+S+1>/5,5:+/>51?-./,7+5:+]A4.,K+(:7:@0.:R?:+G1:+:?-: D4.-4+J+765:.+>,=/4>,7+>4+?:B@:>-4+5,+=,.B,+B:.,7+H.,=/4>,5,+:F >:?-:+=,?4F+4H:.:=:+-,@0J@+,+@:7C4.+4D234+>,+7/B,234+-:..:?-.: ,+:?-,+O4>,+54+)7:>-:Y4K

!"

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 4 C

M

Y

CM

MY

CY CMY

K

L'&c8%);

+*'&*()"(,"&-./%(2(34(5*'&*(5*'&6768$ 9*1("$&/&6&*()"(:;<+<=> !" #$%&'()*" +()" ,&%-" .%/)*01)-0&*" 2#+,.34" 50) #6&,&%-7"8&$*9)-0&*4"%(6&*:(6($")"(;6(<=*60)"9)">$)<09)9( )?@0(*-)<"*)"A)0)"9("+(-B@)<4"')77)*9&"&",&%-&"9("+(-B@)< )"0*-(/%)%")"%(9("($%&'(0)"9("C#D.,.EF+G4"&%/)*07?& >$("6&?')%)"("907-0*/$(")7"?(<:&%(7"'%H-06)7")?@0(*-)07 (?"1&*)7"'&%-$H%0)7I )+#=494.-?F+:>G1,>-4+4.B,>/O,234+.:?D4>?EA:7+,+>6A:7 :1.4D:1+D:7,+.:,7/O,234+5:+,>E7/?:?+:?D:=6H/=,?+5:+0:>=C@,.e/>B D4.-1E./4F+,-./01/1+,4+94.-4+5:+;:-<0,7+,+>4-,+5:+>4A:>-,+:+=/>=4 A,74.:?F+>1@,+:?=,7,+5:+O:.4+,+=:@F+4+G1:+=4..:?D4>5:+,+1@, :M=:7:>-:+,A,7/,234K+9,.,+,+,>E7/?:+?40.:+4+04@+5:?:@D:>C4 ,@0/:>-,7+=4>=4..:@+H,-4.:?+5/?-/>-4?F+-,/?+=4@4+4+4.5:>,@:>-4 :+ 1?4?+ 54+ ?474F+ ,+ @:5/234+ 5,+ G1,7/5,5:+ 5,+ EB1,+ :+ 54+ ,.F+ 4 ,+/@D7:@:>-,.+H1-1.,@:>-:+:@ ,.-/=17,234+=4@+,?+.:?D:-/A,? ,1-,.G1/,?F+

=4@+

,

=4@1>/5,5:+ :>A47A:>-:+ : 5:@,/?+D,.-:?+/>-:.:??,5,?K )+ #=494.-?+ ,??1@:+ D4. A/?34+,+=./,234+5:+1@+:?D,24 5:5/=,54+S+B:?-34+,@0/:>-,7 54?+ D4.-4?+ :1.4D:1?F A4=,=/4>,54+D,.,+,+D,.-/7C, 5:+ =4>C:=/@:>-4?+ :+ :MD:./I>=/,?+ :>-.:+ D.4H/??/4>,/?+ 5,+ E.:, D4.-1E./,K+ ;:B1/>54+ 4+ D./>=6D/4+ fD4.-?RC:7D/>BRD4.-?gF+ :?-, 4.B,>/O,234+.:<>:+1@,+.:5:+5:+D.4H/??/4>,/?+5:+5/A:.?4?+D4.-4? :1.4D:1?+:>A47A/54?+>,+-.4=,+5:+/5:/,?+:+D.E-/=,?+:+>1@+-.,0,7C4 =4>Y1>-4F+D,.,+,+@:7C4./,+54+5:?:@D:>C4+,@0/:>-,7+54+?:=-4.F :@+=4>?4>W>=/,+=4@+4?+D./>=6D/4?+5,+,1-4R.:B17,234+A471>-E./,K

7:A,>-,@:>-4+54?+,?D:-4?+,@0/:>-,/?+?/B>/H/=,-/A4?F+,?+@:-45474B/,? 5:+@4A/@:>-,234+:+,.@,O:>,@:>-4+5,?+@:.=,54./,?F+,?+@:5/5,?

:?@=A:=('"9"."("B605/1"C&*(5"%* +*'&*()"(,"&-./%

5:+ D.:?:.A,234+ 54? :=4??/?-:@,?+ :+ ,+ .:7,234 94.-4R8/5,5:K

!"JH@%06)"9)"#KAE!#E""(?"L5&%)4">$("7("(*6&*-%) (?"J)7("J0*)<"9("6&*7-%$MN&4"%(6(@($4"*&7"90)7"O"("P"9( Q$*:&4"(7-%$-$%)7"905(%7)7")-%)5R7"9&7"-(%?0*)07"?$<-0$7&7

)+

,D.:=/,234

9&",&%-&"9("+(-B@)<I

.:,7/O,5,+ ,-.,AJ?+ 54+ ;:7HR $/,B>4?/?+ Z:-C45474B^

N4.,@+4D:.,5,?+_h!+-4>:7,5,?+5:+:G1/D,@:>-4+5:?-/>,54

P;$ZQ+ /5:>-/H/=41+ ,/>5,

S+1>/5,5:+H,0./7+5:+]A4.,K+'+>,A/4+4+(4R(4+'-:74+4D:.41+>4+&:.@/>,7

4D4.-1>/5,5:?+5:+@:7C4./,F

Z17-/1?4?+O4>,+VF+=4>=:??/4>,54+S+&:.?,54F+4>5:+5:?=,..:B41

!_

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 5 C

M

Y

CM

MY

CY CMY

K

L'&c8%);

$1,?+ 5,?+ ,:.4>,A:? D:.-:>=:@+ S+ ,A/,234 :M:=1-/A,+R+4?+*:B,=^+_`!+: `!!+ R+ :+ ,+ -:.=:/.,+ J+ 4+,A/34 @/7/-,.+a8R"b!F+5:?:>A47A/54 :@+=47,04.,234+=4@+94.-1B,7 :+G1:+?:+D.:?1@:+G1:+:>-.: :@+ 4D:.,234+ :@+ U!VlK )+#@0.,:.+D.:AI+,+=./,234 5:+=:.=,+5:+V!!+D4?-4?+5:+-.,0,7C4F+,-J+,4+H/>,7+54+,>4F+:+D:.-4+5: _!!+:@+U!V`F+,>4+5:+A:74=/5,5:+5:+=.1O:/.4K+8,?4+?:+=4>=.:-/O: ,+ :MD,>?34+ 54+ D.4Y:-4+ :?-:+ ><@:.4+ D45:+ =C:B,.+ ,+ l!!K

+*'&*()"(,"&-./%(%07/)*(/(D6/C)/ B60CE"C/%1"C&" ." &'(%)9&%" 9(" -%)*7'&%-(" ?)%S-0?&" +)J?)%0*( =:.=,+5:+"U!+-4>:7,5,?+:@+A471@:?K+'+>,A/4+H4/+,B:>=/,54+D:7,

D&*-)0*(%7"T0*(7"UIVI4"(?'%(7)"9&"W%$'&"!I,I"KX<<(%"Y

[,.i/7+a>15?:>+j+)B:>-:+5:+L,A:B,234F+*5,FK

KZ%7[4"(7-H")"<0/)%"+(-B@)<")"T$)*9)4"6&?"$?)"J%(>$=*60) >$0*1(*)<4")-%)5R7"9)"<0*:)"9("7(%50M&"%(/$<)%"\+!8K!E]U#

L4+&:.@/>,7+Z17-/1?4?+k4>,+UF+=4>=:??/4>,54+S+;,54D4.-F

K,V\4">$(")6(0-)"&"-%)*7'&%-("9(">$)<>$(%"-0'&"9("6)%/)

4D:.41+ 4+ >,A/4+ f#/7,>5gF+ 5,+ ,BI>=/,+ *K+ [.,>=4+ j+ L,A:B,234+ :

')%)">$0*1("'&%-&7"9)"6&7-)"&609(*-)<")J%06)*)4"(*-%("&7

&.W>?/-4?F+*5,F+G1:+5:?=,..:B41+1@+,1-4=7,A:+=4@+V`!+-4>:7,5,?F

>$)07"60*6&")*/&<)*&7I

=4@+Uh+@:-.4?+5:+=4@D./@:>-4+:+lF_+@:-.4?+5:+5/W@:-.4F+-:>54 ,+ ;,54D4.-+ .:,7/O,54+ ,+ 4D:.,234+ =4@+ 51,?+ B.1,?+ 5:+ B.,>5:

#?-:+?:.A/24+5:+-.,>?D4.-:+@,.6-/@4+D4?/=/4>,+4+94.-4+5:

=,D,=/5,5:K+'+-.,>?D4.-:+5,+D:2,+D,.,+]A4.,+H/=41+,+=,.B4+5,+*,?4F

;:-<0,7+>4+B.1D4+54?+D4.-4?+G1:+5/?DT:@+5:+1@,+@:7C4.+4H:.-,

G1:+5:A/54+S?+5/@:>?T:?F+D:?4+:+,7-1.,+-4-,7+54+-.,>?D4.-:F+=4@

5:+?:.A/24?+D,.,+4+=4>-/>:>-:+,H./=,>4F+>:?-:+?:B@:>-4+5:+=,.B,F

hF_+@:-.4?F+-:A:+,+51.,234+5:+AE./4?+5/,?K

.:D.:?:>-,>54+1@,+4D4.-1>/5,5:+D,.,+,?+:@D.:?,?+G1:+D.:-:>5,@ :>A/,.+@:.=,54./,?+D,.,+,+m:?-+)H./=,F+5:?/B>,5,@:>-:+D,.,+4?

)+#@0.,:.+J+4+-:.=:/.4+@,/4.+=4>?-.1-4.+,:.4>E1-/=4+@1>5/,7F ,+ ?:B1/.+ S?+ B/B,>-:?+ )/.01?+ : [4:/>BF+ :+ 1@,+ 5,?+ @,/4.:? :@D.:?,?+ :MD4.-,54.,?+ 54 [.,?/7F+ :@+ -:.@4?+ 5:+ A,74. ,0?471-4K+

)D4?-,F

:??:>=/,7@:>-:F+ >4? ?:B@:>-4?+ 5,+ ,A/,234 =4@:.=/,7+ :+ 5,+ ,A/,234 :M:=1-/A,K+&:@+1@,+D.:?:>2, B740,7F+=4>-,+=4@+1>/5,5:? 4D:.,=/4>,/?+ :@+ 5/A:.?4? 74=,/?+54+@1>54F+4>5:+:@D.:B,+@,/?+5:+Vh+@/7+=47,04.,54.:?K '+D.4Y:-4+5,+#@0.,:.+:@+]A4.,+:?-E+7/B,54+,+-.I?+>4A4? ,A/T:?F+,/>5,+:@+H,?:+5:+D.4-X-/D4K+)+1>/5,5:+/>=71/+51,?+HE0./=,?F 1@,+5:5/=,5,+S+D.451234+5:+:?-.1-1.,?+@:-E7/=,?+PD,.-:?+5:+,?,?QF 41-.,+ 5:?-/>,5,+ S+ D.451234+ 5:+ =4@D4>:>-:?+ :@+ @,-:./,/? =4@DX?/-4?+P=4@D4>:>-:?+D,.,+=,15,?QK

!`

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 6 C

M

Y

CM

MY

CY CMY

K

L'&c8%);

?:B1/>-:?+D4.-4?n+&,e4.,5/+PoC,>,QF+;K+&4@J+:+9.6>=/D:F+Z,7,04 Po1/>J+#G1,-4./,7QF+[,-,+Po1/>J+#G1,-4./,7QF+'>>:+PL/BJ./,QF+$41,7, P8,@,.T:?QF+94.-+o:>-/7+Po,034QF+*1,>5,+P;4>/7?+:+94.-4+84@:.=/,7R

+*'&*()"(,"&-./%('"9"."(F0$0&/()* ,"9'"&G'0*()"(:$&/)*()/(@/H/

)>B47,QF+*40/-4+P)>B47,QF+L,@/0:+P)>B47,QF+;4^4+P)>B47,QF+8,0/>5, P)>B47,QF+94>-,+L:B.,+P84>B4QF+Z,-,5/+P$(8QF+[4@,+P(:D<07/=, $:@4=.E-/=,+54+84>B4QK

.",&%-&"9("+(-B@)<"%(6(@($4"*&"90)"^_"9("Q$*:&4") 5070-)"9&"+(6%(-H%0&"9)"]*9B7-%0)4"D&?R%60&"("K0*(%)MN&"9& #7-)9&" 9)" A)S)4" `%I" a)?(7" D&%%(0)4" )6&?')*:)9&" '&%

9,.,+,7J@+5:?-:+H,=-4F+4?+H,-4.:?+5:+,-.,-/A/5,5:+54+D4.-4

%('%(7(*-)*-(7"9)"0*9B7-%0)"("6&?R%60&4"6&?"&"&@Q(-05&"9(

=4>-:@D7,@+,/>5,+?:.A/24?+H:..4A/E./4?+5/E./4?+5:+=4>-:>-4.:?

9)%")"6&*:(6(%"&"#7-)9&"9)"A)S)"("&7"7($7"'&%-&74"@(?

:>-.:+4+&:.@/>,7+Z17-/1?4?+k4>,+U+P&ZUQF+B:./54+D:7,+;,54D4.-F+:

6&?&4"-&?)%"6&*-)6-&"6&?")7"'&-(*60)<09)9(7"9&",&%-&"9(

4+9,.G1:+74B6?-/=4+5,+[40,5:7,F+G1:+?:+-4.>41+4+?:1+D4.-4+?:=4+:

+(-B@)<4" 6&?" 507-)" b" 6%0)MN&" 9(" J$-$%)7" 70*(%/0)7I

,+:>-.,5,+>,+k4>,+L4.-:+5,+d.:,+Z:-.4D47/-,>,+5:+*/?04,+P)Z*QK '?+=4>-:>-4.:?+?34+:>-.:B1:?+D:74?+=7/:>-:?+>,+[40,5:7, :F+?:@+,-.,A:??,@:>-4+5:+O4>,?+1.0,>,?F+=C:B,@+.,D/5,@:>-: D4.+=4@04/4+,4+-:.@/>,7+&ZU+R+1@+-:.@/>,7+=4@+U!+C,+5:+D,.G1:F 5:?=4>B:?-/4>,54+:+=4@+?:.A/24+=4?-1@/O,54+R+:+5,6+:@0,.=,@ =4@+ =1?-4?+ @1/-4+ =4@D:-/-/A4?+ .1@4+ ,4+ D4.-4+ 5:+ 5:?-/>4K

)+$:7:B,234+[.,?/7:/.,+H4/+.:=:0/5,+>4+,15/-X./4+54+#5/H6=/4 ;:5:+5,+)9;;+j+)5@/>/?-.,234+54?+94.-4?+5:+;:-<0,7+:+;:?/@0.,F ;)+D:74+D.:?/5:>-:+54+84>?:7C4 5:+)5@/>/?-.,234F+#>BKp+8,.74? o41A:/,+*4D:?F+>1@,+?:??34 5:+ -.,0,7C4+ G1:+ />=71/1 .:D.:?:>-,>-:?+5,+,1-,.G1/,+5: ;:-<0,7F+ 5:+ 5/A:.?,? ,1-4./5,5:?+ :+ 5,+ 89;+ j 84@1>/5,5:+ 94.-1E./,+ 5: ;:-<0,7K+;:B1/1R?:+1@,+A/?/-, ,4?+-:.@/>,/?+D4.-1E./4?+:+,4? :?-,7:/.4?+>,A,/?+5,+*/?>,A:K '+#?-,54+5,+[,6,+:?-E+?/-1,54+>,+(:B/34+L4.5:?-:+54+[.,?/7 :+J+4+@,/4.+5,+.:B/34F+:@+:M-:>?34+-:../-4./,7F+:@+D4D17,234+:+:@ D.451-4+ />-:.>4+ 0.1-4K+ )+ :=4>4@/,+ 5:?-,+ .:B/34+ 0,?:/,R?: :??:>=/,7@:>-:+>4+?:-4.+D./@E./4F+=4@+,?+,-/A/5,5:?+,B.4D:=1E./,?

!l

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 7 C

M

Y

CM

MY

CY CMY

K

L'&c8%);

,+ 4=1D,.:@+ =:.=,+ 5:+ ?:-:>-,+ D4.+ =:>-4+ 5,+ D4D17,234+ ,-/A,K

,+A/?/-,+H4/+,=4@D,>C,5,+D:74+$/.:-4.+5,+$#*'oF+$.K+q6-4.+8,75:/./>C,F :+D:7,+8C:H:+54+$:D,.-,@:>-4+5:+Z,.e:-/>B+$.,K+NE-/@,+]A4.,K

)+/>5<?-./,+-:@+-/54+1@+=.:?=/@:>-4+,??/>,7EA:7+>4?+<7-/@4? ,>4?F+ 5:?/B>,5,@:>-:+ >4?+ ?:-4.:?+ 5,+ G16@/=,F+ D:-.4G16@/=,F

)+.:1>/34+?:.A/1+D,.,+,?+51,?+:>-/5,5:?+?:+5,.:@+,+=4>C:=:.

,B.4/>5<?-./,F+/>H4.@E-/=,F+,1-4@XA:7F+D.451-4?+,7/@:>-,.:?+:+-IM-/7K

:+-.4=,.:@+/5:/,?+?40.:+1@,+D,.=:./,+H1-1.,+G1:+-.,B,+?/>:.B/,? D,.,+,@0,?K+;:B1/1R?:+1@+D:.=1.?4+D:74?+-:.@/>,/?+54+94.-4+5:

N4/+,+:?-,+.:B/34+G1:+=C:B41F+:@+,0./7+5:+V`!!F+1@,+,.@,5, =4@,>5,5,+D4.+9:5.4+d7A,.:?+8,0.,7F+S+:>-34+5:?/B>,5,+&:..,+5:

;:-<0,7F+G1:+?1.D.::>5:1+,B.,5,A:7@:>-:+,?+A/?/-,>-:?+D:7,?+E.:,? 5:+:MD,>?34+:M/?-:>-:?K

q:.,+ 8.1OF+ ,7B1@,?+ ?:@,>,?+ ,DX?+ -:.+ O,.D,54+ 5:+ [:7J@+ =4@ 5:?-/>4+S+c>5/,K

)+)9#$+JF+,-1,7@:>-:F+1@,+,??4=/,234+D,-.4>,7+5:+W@0/-4 >,=/4>,7K+#>B40,+:@D.:?,?+G1:+5:?:>A47A:@+,+?1,+,-/A/5,5:+>,?

+*'&*()"(,"&-./%('"9"."(F0$0&/()/(A+:I .",&%-&"9("+(-B@)<"%(6(@($4"*&"90)"cd"9("?)0&4"9$)7 %('%(7(*-)*-(7" 9)" !,#`" e" !77&60)MN&" ,&%-$/$(7)" 9( #?'%(7)7"9("`07-%0@$0MN&4"-(*9&"'&%"&@Q(-05&"9)%")"6&*:(6(% )7"0*J%)(7-%$-$%)7"'&%-$H%0)7"("&7"7(%50M&7"&J(%(609&7"(4 '&%"&$-%&"<)9&4"(>$)60&*)%"$?)"J$-$%)"')%6(%0)"(*-%(")7 9$)7"(*-09)9(7I

E.:,?+54+.:-,7C4+,7/@:>-,.+:r41+>34+,7/@:>-,.F+5:+A:>5,+5:+D.451-4? 5:+B.,>5:+=4>?1@4F+:@+.:B/@:+D.:54@/>,>-:@:>-:+5:+7/A.:+?:.A/24K )+,??4=/,234+=4>-,+=4@+-./>-,+,>4?+5:+:M/?-I>=/,+:F+,4 74>B4+ 5:?-:+ -:@D4F+ -:@R?:+ @,>-/54+ =4@4+ ,+ <>/=,+ :>-/5,5: .:D.:?:>-,-/A,+5,+$/?-./01/234+:@+94.-1B,7K+'+><@:.4+5:+,??4=/,54? J+5:+V!b+:@D.:?,?F+4+G1:+=4..:?D4>5:+,+1@+A471@:+5:+>:BX=/4? 5:+V`Kh!s+@/7CT:?+5:+:1.4?+:+,+"sK""V+D4?-4?+5:+-.,0,7C4F+?:B1>54 ><@:.4?+5:+U!V!K

)+A/?/-,+,4+94.-4+5:+;:-<0,7+5,+)9#$+?1.B/1+,+=4>A/-:+5, )9;;F+G1:+.:=4>C:=:+,+$/?-./01/234+=4@4+1@+54?+?:=-4.:?+G1: @,/?+ -:@+ />A:?-/54+ >,+ :=4>4@/,+ >,=/4>,7+ :+ =./,54+ :@D.:B4K )+ />/=/,-/A,+ />?:.:R?:+ >,+ D476-/=,+ 5:+ ,04.5,B:@+ =4@:.=/,7+ 5, )5@/>/?-.,234+94.-1E./,+5/.:=/4>,5,F+>:?-:+=,?4F+D,.,+4+?:B@:>-4 54?+=4>-:>-4.:?K 94.+D,.-:+5,+)9#$+:?-/A:.,@+D.:?:>-:?+,+$/.:-4.,+o:.,7+5, )9#$F+$.,K+)>,+%?,0:7+&./B4+Z4.,/?F+:+,+844.5:>,54.,+5,+d.:, )7/@:>-,.F+;,<5:+:+[:@R#?-,.F+$.,K+ZX>/=,+q:>-4?,K+9:7,+)9;;F

!h

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 8 C

M

Y

CM

MY

CY CMY

K

'9%L%t'

#@+94.-1B,7F+=4@4+:@+@1/-4?+41-.4?+D,6?:?F+-,@0J@+J 5/H6=/7+/@D7:@:>-,.+D476-/=,?+:?-.,-JB/=,?+5:+-.,>?D4.-:?+G1:+D:.51.:@ >4+-:@D4F+A:./H/=,>54R?:F+>,+@,/4./,+5,?+A:O:?F+G1:+,+.:7,234+:>-.: 1@,+.:5:+5:+-.,>?D4.-:?+,5:G1,5,+:+,+4.B,>/O,234+54+-:../-X./4F >34+ fY4B,@g+ >4+ D7,>4+ 54+ ?:1+ 4.5:>,@:>-4F+ 4=4..:>54+ ,??/@ ,??/51,@:>-:F+074G1:/4?+>,+,=:??/0/7/5,5:+5,?+D:??4,?+,4?+0:>?K )?+=4>5/2T:?+5:+,=:??/0/7/5,5:+:+5:+@40/7/5,5:+?34+/@D.:?=/>56A:/? >,+-4@,5,+5:+5:=/?34+,=:.=,+5:+f4>5:+H,O:.g+41+f=4@4+H,O:.gF+@,? D45:@F+,+=1.-4+D.,O4F+D:.5:.+=4:.I>=/,F+=,?4+>34+?:+D.:A/>,+4 :G1/760./4+>,?+4D2T:?+54?+@454?+5:+-.,>?D4.-:K 94.-1B,7+ ,=:.-,+ 4?+ ?:1?+ 40Y:-/A4?+ :@+ @,-J./,+ 5: ,=:??/0/7/5,5:+D:74?+D./>=6D/4?+5,+v>/34+#1.4D:/,F+>,+,D4?-,+:@ @454?+5:+-.,>?D4.-:+@:>4?+D471:>-:?F+@,/?+:H/=/:>-:?+:+5:+@:>4. ?/>/?-.,7/5,5:K+Z,?+4+H,=-4+J+G1:+:?-:+5/?=1.?4+>34+-:@+.:=47C/54 B.,>5:?+,5:D-4?+:+J+@1/-,?+A:O:?+/>=4:.:>-:F+.:7,-/A,@:>-:+S 5/=4-4@/,+5/?=1.?4r,234K

A(16%&01*)/%0)/)"(J"''*21/'H&01/(2 5*C&*$(J*'&"$()*(+*'&*()"(,"&-./% AC&KC0*(!/.*(?/'&0C$(LMN

'+D.XD./4+-:@D4+:+4+=4>-:M-4F+:>=,..:B,.,@R?:+5:+:>-1D/. 4?+ ,=:??4?+ ,4?+ D./>=/D,/?+ D474?+ 5:+ =4>?1@4F+ ,=,0,>54+ D4. 5:=4@D4.+-45,+1@,+.:5:+A/E./,F+H,=/7/-,54.,+5,+.,D/5:O+:+=4>-/B1/5,5: -:../-4./,7K+94.G1Iw+94.G1:+4+,1@:>-4+5,+D.4=1.,+H4/+?1D:./4.+S =,D,=/5,5:+5,+4H:.-,F+/?-4+JF+=4>-/>141+,+>34+?:.+H:/-,+,+=4..:-, B:?-34+54?+@454?+5:+-.,>?D4.-:K

]UFE.`fgh. 84@:24+D4.+.:H:./.+G1:+4?+-.,>?D4.-:?+-I@+,+H1>234+0E?/=, 5:+D.4D4.=/4>,.+5/?D4>/0/7/5,5:+5:+0:>?+5:+=4>?1@4+,4+@:.=,54K )4+ D:.@/-/.:@+ 4+ ,=:??4+ ,+ D.451-4?+ G1:F+ 5:+ 41-.,+ H4.@,F+ >34 :?-,./,@+5/?D4>6A:/?+D,.,+,+@,/4.+D,.-:+5,?+D:??4,?F+/>5<?-./,?+: .:B/T:?F+41+,D:>,?+:?-,./,@+,+1@+D.:24+@1/-4+:7:A,54F+4+-.,>?D4.-: ,??1@:+,??/@+1@,+H1>234+:=4>X@/=,K '?+ 5:?-/>4?+ :+ ,?+ 5/?-W>=/,?+ G1:+ 4?+ 0:>?+ D:.=4..:@ ,D.:?:>-,@+1@,+.:7,234+5/.:-,+=4@+4+D.4B.:??4+?4=/,7+:+:=4>X@/=4K u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

!s

Composite

,.EF."`#"+#FfA!T )+@17-/@45,7/5,5:+H:..4RD4.-1E./,+.:?17-,+5:+1@+f>,@4.4g ,>-/B4+:+G1:+D.4=1.,+/>=:??,>-:@:>-:+4+f=,?,@:>-4g+:>-.:+4+@454 H:..4A/E./4+:+4+@454+@,.6-/@4F+:F+>,+@/>C,+4D/>/34F+4+94.-4+5: ;:-<0,7+H:O+0:@+:??:+D,D:7+5:+fY1/O+=,?,@:>-:/.4gK+'.,F+?:+D45:@4?


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 9 C

M

Y

CM

MY

CY CMY

K

'9%L%t'

5:H/>/.+@17-/@45,7/5,5:+=4@4+1@+?/?-:@,+/>-:B.,54+:@+G1:+AE./4?

=./?:+,-1,7F+4+?:B.:54+D45:+:?-,.+>,+,5:G1,5,+1-/7/O,234+54?+.:=1.?4?

@454?+5:+-.,>?D4.-:+?:+,.-/=17,@+:+?:+5:5/=,@+,+H,O:.+0:@+4+G1:

:M/?-:>-:?F+41+?:Y,+54+G1:+-:@4?+:+4>5:+-:@4?F+54+G1:+?4@4?

?,0:@+H,O:.F+41+?:Y,F+/>-:B.,@+,+=,5:/,+74B6?-/=,+>,+?1,+E.:,+5:

=,D,O:?F+54+G1:+H,O:@4?+0:@+:+4>5:+H,O:@4?+:+54+G1:+?,0:@4?F

=4@D:-I>=/,F+J+,??/@+H1>5,@:>-,7+:>=4>-.,.+:G1/760./4?+:>-.:+:7:?F

,-J+D4.G1:+,+A/,0/7/5,5:+5:+1@+D.4Y:-4+@17-/@45,7+5:D:>5:+-,>-4

:>-.:+,?+@:5/5,?+5:+=4>-:>234+5:+=1?-4?F+,?+@:5/5,?+:?-.1-1.,/?

5,+=4..:-,+54-,234+:+/>-:B.,234+5:+/>H.,:?-.1-1.,?+:+?:.A/24?F+=4@4

>:=:??E./,?+S+D.4@4234+5,+:H/=/I>=/,F+5,+.,=/4>,7/O,234+:+,/>5,

5,+ =4..:-,+ ,.-/=17,234+ 54?+ ?-,eC475:.?+ 54+ 94.-4+ 5:+ ;:-<0,7K

5,?+>:=:??/5,5:?+:+A4>-,5:?+54?+@:.=,54?K 8.UDTf+h. ;:B1>54+Z1?e/>+PVbs"QF+,+/>H.,:?-.1-1.,+H6?/=,+/>-:.R.:7,=/4>, />-:.:??:?+5,+=4@1>/5,5:+:+5,?+:@D.:?,?x+D:.@/-:+S?+:@D.:?,?

#?-,+.:=:>-:+@15,>2,+5:+H4=4F+D.4=1.,+,A,7/,.+?:+4+?/?-:@,

D.451O/.:@+:@+>6A:/?+@,/?+:7:A,54?+5:+:H/=/I>=/,F+G1:+.:?17-,@

5:+-.,>?D4.-:+-:@+4D:.,54+=4@+.,=/4>,7/5,5:+:=4>X@/=,F+/?-4+JF

:@+ D.451234+ =4@+ @,/4.+ .:>-,0/7/5,5:+ :+ D,.,+ @:.=,54?+ @,/?

D.:-:>5:+5:?=4.-/>,.+:+?471=/4>,.+/>,5:G1,2T:?+>,?+/>H.,:?-.1-1.,?F

,@D74?K

>,?+ :?-.1-1.,?+ 5:+ 5/?-./01/234+ :+ />A:?-/@:>-4+ 54?+ @454?+ 5: -.,>?D4.-:F+ =4@+ 4+ />-1/-4+ 5:+ 1@,+ ,74=,234+ @,/?+ :H/=/:>-:+ 54?

]+>:?-,?+5/>W@/=,?+G1:+4+94.-4+5:+;:-<0,7+,D.:?:>-,+4?

.:=1.?4?+5/?D4>6A:/?K

?:1?+D./>=/D,/?+D4>-4?+H4.-:?F+41+?:Y,F+,D:?,.+5,+5:?,5:G1,234+5, />H.,:?-.1-1.,+H:..4A/E./,+D4.-1E./,+,4+@4@:>-4+,-1,7F+f,D.4A:/-,R

)??/@F+ ?:+ 4?+ ?/?-:@,?+ :+ />H.,:?-.1-1.,+ >34+ H1>=/4>,@

?:g+5:?-,F+D,.,+,7,.B,.+4+?:1+C/>-:.7,>5F+G1:+5:+41-.,+H4.@,+?:./,

,5:G1,5,@:>-:F+/??4+.:H7:-:R?:+>,+,-/A/5,5:+:=4>X@/=,+=4@+4

G1,?:+ /@D4??6A:7F+ :>G1,>-4+ ,?+ :@D.:?,?+ >,=/4>,/?+ ,7,.B,@+ :

,1@:>-4+54?+=1?-4?K+'+.:?17-,54+J+,+D:.5,+5:+=4@D:-/-/A/5,5:+54?

,@D7/,@+,+?1,+E.:,+5:+/>H71I>=/,F+,-.,AJ?+5:7:K '+94.-4+5:+;:-<0,7+:+4?+4D:.,54.:?+G1:+>:7:+5:?:>A47A:@ ,+ ?1,+ ,-/A/5,5:F+ ?410:.,@+ 17-.,D,??,.+ ,G1:7,+ />,5:G1,234F =44D:.,>54+:+,D.4A:/-,>54+,?+?/>:.B/,?+5:+=,5,+1@+:+5:??,+H4.@, =4>?:B1/.,@+ .E=/4?+ .:7:A,>-:?+ >,+ @4A/@:>-,234+ 5:+ =,.B,K )-1,7@:>-:F+4+94.-4+5:+;:-<0,7+@4A/@:>-,+=:.=,+5:+Us+=4@04/4?r5/, =4@+@:.=,54./,?+5:+/@D4.-,234+:+:MD4.-,234F+@4A/@:>-,>54 =:.=,+ 5:+ V`!+ !!!+ &4>?r,>4K+ o,>C,+ ,??/@+ 1@,+ =:>-.,7/5,5: .:7,-/A,@:>-:+S+.:B/34+5:+;:-<0,7F+E.:,+B:4B.EH/=,+5:+:M=:7I>=/, />51?-./,7F+ G1:+ ,0./B,+ :??:>=/,7@:>-:+ ,?+ -.4=,?+ =4@:.=/,/?+ 5: ?/5:.<.B/=4?+ @,/?+ .:7:A,>-:?+ 54+ D,6?F+ ,??/@+ =4@4+ 54+ .,@4 ,1-4@XA:7+:@+G1:+J+765:.K '+94.-4+5:+;:-<0,7+J+YE+1@+f=,?4+?J./4g+>,+@4A/@:>-,234 5:+=,.B,F+:??:>=/,7@:>-:+B.,>:7+:F+-,7A:O+D4.+/??4F+>34+:>-.,+>, fB1:..,g+ 54?+ ><@:.4?+ ,=:.=,+ 54?+ =4>-:>-4.:?+ @4A/@:>-,54? ,>1,7@:>-:+:@+94.-1B,7F+4+G1:+7C:+.:-/.,F+-,7A:OF+,7B1@+D.4-,B4>/?@4 >4+D,>4.,@,+>,=/4>,7K )+ />H.,:?-.1-1.,+ H:..4A/E./,+ 5:+ G1:+ 5/?DT:F+ 5:-:.@/>,

D.451-4?+5:+:MD4.-,234+>4+@:.=,54+/>-:.>,=/4>,7+:+D.:24?+@,/?

/B1,7@:>-:+,?+=4>5/2T:?+B:.,/?+5:+:H/=/I>=/,+5,+:=4>4@/,+.:B/4>,7F

,7-4?+>4+@:.=,54+/>-:.>4K+#?-:?+:?G1:@,?+@17-/@45,/?+:M/B:@

4+G1:+?:+.:H7:-:+5/.:-,@:>-:

D:.H:/-,+?/>-4>/,+>,?+4D:.,2T:?+5:+-.,>?04.54+:@+/>H.,:?-.1-1.,?

>4+B.,1+5:+5:?:>A47A/@:>-4

,5:G1,5,?+D,.,+G1:+?:Y,@+=4@D:-/-/A4?F+=4/?,+G1:+4+94.-4+5:

,7=,>2,54+D:7,+.:B/34F+41+?:Y,F

;:-<0,7+H4/+=,D,O+5:+H,O:.F+4-/@/O,>54+:+.,=/4>,7/O,>54+-454?+4?

,+ :M/?-I>=/,+ 5:+ 1@,

?:1?+.:=1.?4?+:+54?+?:1?+?-,e:C475:.?F+5:+H4.@,+,+=4>-./01/.+5:

/>H.,:?-.1-1.,+ ,5:G1,5,

H4.@,+?1?-:>-EA:7+D,.,+4+?:1+H1-1.4K

D4-:>=/,7/O,./,+ B,>C4?+ 5: :H/=/I>=/,+,4+>6A:7+54+?/?-:@,

!"#$%&'()*+,*&-+$.(//01*2/*03$4*)(5)*+60$(7$8(&-90$6($:()3$;<7+50&=

D.451-/A4K+ L4+ @4@:>-4+ 5:

>?&$8/+6<+60$(7$8(&-90$6($:()3$;<7+50&=$@(&-/+560$(7$8(&-90 6($:()3$;<7+50&3

!b

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 10 C

M

Y

CM

MY

CY CMY

K

8'*)['()$'(+)9;;

I"$"CF*%F01"C&*("9*CK109*("1 O/'1*C0/(9*1(/(9*16C0)/)"("(* /1.0"C&" :C7PQ(R'/S/(T0"7/$(LMN

fK",.fD."`#"i]+FjE]!

=,D,=/5,5:+ 5:+ ?1D4.-:+ 54?+ :=4??/?-:@,?F+ .:?17-41+ 1@+ >4A4 54=1@:>-4F+4+(:7,-X./4+[.1>-7,>5F+D107/=,54+>4?+H/>,/?+5,+5J=,5,

$:?5:+=:54+G1:+,+)9;;F+G1:.+D:7,+?1,+74=,7/O,234+P>1@,

5:+s!F+-,@0J@+=4>C:=/54+=4@4+4+L4??4+H1-1.4+=4@1@F+4>5:+?:

E.:,+=4@+C/?-X./,+D.:=4=:+>,+/5:>-/H/=,234+:+D.:?:.A,234+54?+?:1?

D.4DT:+ 1@,+ >4A,+ ,04.5,B:@+ 5,?+ .:7,2T:?+ ?4=/:5,5:R@:/4

A,74.:?+,@0/:>-,/?+:+>,+D,.-/=/D,234+:@+D.4=:??4+5:+-4@,5,+5:

,@0/:>-:F+=4>=:0:>54+4+5:?:>A47A/@:>-4+?1?-:>-EA:7+=4@4+f4

5:=/?34QF+ G1:.+ D:7,+ :A471234+ 5,+ ?1,+ :?-.1-1.,+ B4A:.>,-/A,

5:?:>A47A/@:>-4+G1:+?,-/?H,O+,?

P,D.4M/@,>54R,+?1=:??/A,@:>-:+,4+@45:74+:@D.:?,./,7Q+-:@+A/>54

>:=:??/5,5:?+D.:?:>-:?F+?:@

,+,=4@D,>C,.+,7B1>?+,=4>-:=/@:>-4?+G1:+?:+-.,51O/.,@+>4?+D/7,.:?

=4@D.4@:-:.+ ,+ =,D,=/5,5:

0E?/=4?+54+,-1,7+=4>=:/-4+5:+?1?-:>-,0/7/5,5:K

5,?+B:.,2T:?+H1-1.,?+5:+?1D./. ,?+

84@+:H:/-4F+,+.:B/34+5:+;:-<0,7+=:54+?:+H:O+>4-,.+D:74+?:1

?1,?+

D.XD./,?

>:=:??/5,5:?fK

5/>,@/?@4+>,+=./,234+5:+:?-,-1-4?+5:+=4>?:.A,234+D,.,+,?+?1,? E.:,?+@,/?+:@07:@E-/=,?F+:?-1E./4+54+;,54+:+9,.G1:+L,-1.,7+5,

#?-:?+ -:@,?+ -I@+ A/>54

)..E0/5,F+7:A,>54+,+G1:+,?+:@D.:?,?+-4@,??:@+=4>C:=/@:>-4

D.4B.:??/A,@:>-:+ ,+ ?:.

54?+>4A4?+A,74.:?+,@0/:>-,/?+:+G1:F+D.4B.:??/A,@:>-:F+4?+H4??:@

,@,51.:=/54?+:+:?-.1-1.,54?F

/>-.451O/>54+>,+?1,+5/>W@/=,+:@D.:?,./,7K

:+,DX?+D4?/2T:?+:M-.:@,5,? 5:+=,5,+1@+54?+:/M4?+:?-.1-1.,>-:?F+J+,-1,7@:>-:+=4>?:>?1,7+G1:

#@+-:.@4?+=.4>47XB/=4?F+=4@+,+=./,234+54+=710:+5:+(4@,

4+5:?:>A47A/@:>-4+?1?-:>-EA:7F+,??:>-,+>4+:G1/760./4+5:+"+D/7,.:?

>4?+,>4?+?:??:>-,+P7:/,R?:+54+?J=+yyQF+=4>?-/-1654+D4.+D:.?4>,7/5,5:?

41+ =4@D.4@/??4?n+ 4+ ,@0/:>-,7F+ 4+ ?4=/,7+ :+ 4+ :=4>X@/=4K

5:+ .:7:A4+ @1>5/,7+ G1:+ ?:+ Y1>-,.,@+ D,.,+ 5:0,-:.+ ,??1>-4? .:7,=/4>,54?+=4@+4+,@0/:>-:F+D476-/=,+/>-:.>,=/4>,7+:+:=4>X@/=,F

9,.,+,H:./.+=4@4+,?+,-/A/5,5:?+:=4>X@/=,?+/>=4.D4.,@

:+,+D107/=,234+54+=J7:0.:+.:7,-X./4+f'?+*/@/-:?+54+8.:?=/@:>-4g

:??,?+ D.:4=1D,2T:?F+ ?34+ D:./45/=,@:>-:+ ,>,7/?,54?+ 5/A:.?4?

P4>5:+4?+>34+@:>4?+=J7:0.:?+$:>>/?+:+$4>:77,+Z:,54i?+54+Z%&

/>5/=,54.:?+ 5:+ 5:?:@D:>C4F+ ?:>54+ 4+ @45:74+ 5:+ .:7,-X./4+ 5:

-I@+1@+D,D:7+D.:D4>5:.,>-:Q+=4@:2,.,@+,+.:1>/.R?:+:A/5I>=/,?

?1?-:>-,0/7/5,5:+5:?:>A47A/54+D:7,+o(%+j+o740,7+(:D4.-+%>/-/,-/A:

G1,>-4+S+:M/?-I>=/,+5:+7/@/-:?+>,-1.,/?+,4+=.:?=/@:>-4F+>4?+@475:?

4+@,/?+1-/7/O,54+,+>6A:7+@1>5/,7F+,D7/=,>54R?:+G1:.+,+D:G1:>,?

:>-34+=4>=:0/54?F+:+,?+G1:?-T:?+,@0/:>-,/?+=4@:2,.,@+,+?:.

:@D.:?,?F+G1:.+,+B.,>5:?+B.1D4?+:=4>X@/=4?K

-.,-,5,?+ =4@4+ D.:4=1D,2T:?+ B740,/?F+ ,+ >6A:7+ @1>5/,7K $:?5:+ U!!h+ G1:+ ,+ )9;;+ -:@+ A/>54+ ,+ ,A,7/,.+ 4+ ?:1 94.+/>/=/,-/A,+5,+'LvF+5,5,?+,?+=.:?=:>-:?+D.:4=1D,2T:? =4@+ 4+ 1?4+ :M=:??/A4+ 5:+ .:=1.?4?+ >,-1.,/?F+ ?:@+ =4>?/5:.,.+ ,

V!

Composite

5:?:@D:>C4F+ D107/=,>54+ ,>1,7@:>-:+ 4+ .:?D:-/A4+ .:7,-X./4+ 5: ?1?-:>-,0/7/5,5:K


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 11 C

M

Y

CM

MY

CY CMY

K

'9%L%t'

54+:?-.:/-,@:>-4+5,+.:7,234+1>/A:.?/5,5:r:?=47,?RD4.-4F+54+,D4/4 ." `#+#UV.TV]K#UF." #D.UjK]D.4" !" D.KfU]`!`#" #" .

,+,2T:?+?4=/,/?+:+5,+5/?D4>/0/7/O,234+5:+:?D,24?+A:.5:?+:+D,??:/4?

!KA]#UF#

D<07/=4?+ D,.,+ 1?1H.1-4+ :+ 0:@R:?-,.+ 5,+ D4D17,234+ 74=,7K

#@+-:.@4?+D.E-/=4?F+,+,-/A/5,5:+5,+)9;;+5:?:>A47A:R?:

!TWfU+"UkK#E.+"#"!gl#+

:@+-4.>4+5,?+?:B1/>-:?+7/>C,?+5:+,234n+P,Q+9.:?-,.+,4?+=7/:>-:? ?:.A/24?+5:+@:7C4.+G1,7/5,5:F+,4+@:>4.+=1?-4+D4??6A:7+5:+,=4.54

{+)+H:..4A/,+YE+.:D.:?:>-,+Ul|+>4+/>-:.H,=:+-:..:?-.:+5:+7/B,234

=4@+4?+.:G1/?/-4?+7:B,/?+:+>4.@,-/A4?+,D7/=EA:/?x+P0Q+$:?:>A47A:.

54+D4.-4+,4+C/>-:.7,>5K

D,.=:./,?+=4@+87/:>-:?F+84@1>/5,5:+94.-1E./,+:+;4=/:5,5:+:@ B:.,7F+-:>54+:@+A/?-,+,+=./,234+5:+A,74.+,=.:?=:>-,54+>4?+?:.A/24?

{+8:.=,+5:+VVKbs"FVhll+C,+PlbFs|Q+5,+E.:,+?40+Y1./?5/234+5,

D4.-1E./4?x+P=Q+)??:B1.,.+:+@:7C4.,.+,?+=4>5/2T:?+5:+,=:??4F+G1:.

)9;;+:>=4>-.,R?:+,0.,>B/5,+D4.+:?-,-1-4?+5:+=4>?:.A,234+5,

@,.6-/@4F+G1:.+.454H:..4A/E./4+,4?+-:.@/>,/?+D4.-1E./4?F+=4>-/>1,>54

L,-1.:O,K

,+/>=:>-/A,.+,+1-/7/O,234+5,+H:..4A/,+>,+7/B,234+54+D4.-4+,4+C/>-:.7,>5x P5Q+Z/>/@/O,.+/@D,=-:?+,@0/:>-,/?+,??4=/,54?+S+?1,+,-/A/5,5:F

{+'+:?-154+54+/@D,=-4+:=4>X@/=4+54+D4.-4+5:+;:-<0,7F+.:,7/O,54

D.:A:>/>54+ ,=/5:>-:?+ :+ ,??:B1.,>54+ @:5/5,?+ 5:+ =4@0,-:+ S

:@+U!VV+D:74+%;#oF+=4>=71/1+G1:+,?+,-/A/5,5:?+5:?:>A47A/5,?

D471/234x+P:Q+$,.+D,.-/=17,.+I>H,?:+S+@4>/-4./O,234+54?+:H:/-4?+5,?

>,+?1,+5:D:>5I>=/,+B:.,.,@+=:.=,+5:+V!Fh+@/7+@/7CT:?+5:

5.,B,B:>?F+5:?:>A47A:>54+@:5/5,?+@/-/B,54.,?+,5:G1,5,?x+PHQ

:1.4?+:@+A471@:+5:+>:BX=/4?+:+=:.=,+5:+""F"+@/7+D4?-4?+5:

84>?47/5,.+4?+/>A:?-/@:>-4?+>,+5/@/>1/234+54+=4>?1@4+5:+.:=1.?4?

-.,0,7C4K

>,-1.,/?+P@/>/@/O,234+5:+D:.5,?+>,?+.:5:?F+@:7C4./,+5,+:H/=/I>=/, 5:+:G1/D,@:>-4?F+,7-:.,234+5:+=4@D4.-,@:>-4?Qx+PBQ+Z/>/@/O,.+,

{+#>-.:+U!V!+:+U!VVF+,+)9;;+.:51O/1+:@+sFb+|+4+=4>?1@4+5:

D.451234+5:+.:?6514?F+,??/@+=4@4+,?+G1,>-/5,5:?+:>A/,5,?+D,.,

:>:.B/,+:7J-./=,F+:@+bFh|+4+=4>?1@4+5:+EB1,++:+,+G1,>-/5,5:

:7/@/>,234x+ PCQ+ Z:7C4.,.+ ,+ .:=47C,+ 5:+ .:?6514?+ 54?+ >,A/4?F

5:+ .:?6514?+ 5:?=,..:B,54?+ D:74?+ >,A/4?+ ,1@:>-41+ _"|K

/>=:>-/A,>54+ ,+ ?1,+ 5:?=,.B,x+ + P/Q+ 9.4@4A:.+ ,+ H4.@,234+ 54? H1>=/4>E./4?+5:+@454+,+5/?D4.+5:+1@,+:G1/D,+5:+=47,04.,54.:?

{+)+G1,>-/5,5:+5:+.:?6514?+:>A/,54?+D,.,+A,74./O,234+-:@+?/54

=4@D:-:>-:F+:MD:./:>-:+:+D.4H/??/4>,7@:>-:+?47/5E./,x+PYQ+Z:7C4.,.

?:@D.:+?1D:./4.+S+:>A/,5,+D,.,+:7/@/>,234K

4+5:?:@D:>C4+?4=/,7+/>-:.>4+=4>-/>1,>54+,+,??:B1.,.+,+.:,7/O,234 5:+,2T:?+5:+H4.@,234+:+,+D.:?-,234+5:+?:.A/24?+5:+;:B1.,>2,F

{+)+)9;;+A:>5:+S+(#L+,+:>:.B/,+D.451O/5,+D:74?+hs+D,/>:6?

z/B/:>:+:+;,<5:+>4+&.,0,7C4+P;z;&QF+4+=1@D./@:>-4+54?+D./>=6D/4?

H4-4A47-,/=4?+G1:+-:@+/>?-,7,54?+K

54+ 8X5/B4+ 5:+ ]-/=,F+ :+ 4+ ,D4/4+ ,+ />/=/,-/A,?+ =17-1.,/?F+ ?4=/,/?+ : 5:?D4.-/A,?x+PeQ+N4@:>-,.+4+5:?:@D:>C4+?4=/,7+:M-:.>4F+,-.,AJ?

{+N4.,@+=:7:0.,54?+D.4-4=474?+5:+=47,04.,234+=4@+:>-/5,5:? .:7,=/4>,5,?+=4@+,+=4>?:.A,234+5,+>,-1.:O,+:+0/45/A:.?/5,5:F >4@:,5,@:>-:+4?+:>-34+%8L[F+%L%)9+:+)9)K {+L4+D4.-4+5:+;:-<0,7F+,?+5.,B,B:>?+.:,7/O,@R?:+>4+%>A:.>4F JD4=,+ :@+ G1:+ ,+ ,-/A/5,5:+ 0/47XB/=,+ >4+ :?-1E./4+ J+ @:>4? ?/B>/H/=,-/A,K {+#?-,?+/>-:.A:>2T:?+?34+D7,>:,5,?+=/.1.B/=,@:>-:F+=4@+.:=1.?4 ,+7:A,>-,@:>-4?+0,-/@J-./=4?+-./5/@:>?/4>,/?+:+@45:7,234 @,-:@E-/=,+5,+C/5.45/>W@/=,+74=,7K {+'+@,-:./,7+,+5.,B,.+J+=,.,-:./O,54+@:-/=174?,@:>-:+:+4+74=,7 5:+ 5:D4?/234+ 54?+ 5.,B,54?+ J+ 40Y:-4+ 5:+ 1@+ D7,>4+ 5: @4>/-4./O,234+H6?/=,RG16@/=,+:+0/47XB/=,K

!"#$4*)(5)*+6+$(7$%5A(5B+/*+$60$C7D*(5-( EB(F($6+$G*1*&90$6($C7D*(5-($6+$C>HH

VV

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 12 C

M

Y

CM

MY

CY CMY

K

;#;%Z[()

,:()*(?/'()"$&/9/("U"15%*()*(+*'&* )"(,"$01.'/

?"%O*'/)*(5/F01"C&*(C/(E*C/()/(/C&07/ %*&/

'+;:=.:-E./4+5:+#?-,54+54+Z,.F+9.4HK+$41-4.+Z,>1:7+9/>-4

&:.@/>41F+.:=:>-:@:>-:F+,+:@D.:/-,5,+5:+.:B17,./O,234

5:+)0.:1F+>1@,+:>-.:A/?-,+,4+Y4.>,7+f'+;:?/@0.:>?:gF+5/O+G1:

54+D,A/@:>-4+>,+O4>,+5,+,>-/B,+74-,+>4+94.-4+5:+;:?/@0.,K+)

5:A:.E+?:.+?:B1/54+4+:M:@D74+5:+;:?/@0.,F+.:H:./>54R?:+S+H4.@,

/>-:.A:>234+/>?:.:R?:+>1@,+=,@D,>C,+@,/?+A,?-,+5:+@:7C4.,@:>-4

=4@4+ 4?+ D:?=,54.:?+ ,04.5,.,@+ ,?+ 5/H/=175,5:?+ G1:+ -/>C,@F

54?+D,A/@:>-4?+>:?-:+D4.-4F+>4+W@0/-4+54+G1,7+-I@+A/>54+,+?:.

-4.>,>54+,?+D:?=,?+:H/=/:>-:?K

?1=:??/A,+:+B.,51,7@:>-:+/>-:.A:>=/4>,54?+5/A:.?4?+-.424?+5,G1:7: D,A/@:>-4K 84@+4+40Y:-/A4+5:+@/>4.,. G1,/?G1:.+

/@D,=-4?

,@0/:>-,/?F+ ,+ :@D.:/-,5, =1@D./1+1@+./B4.4?4+D7,>4 5:+ D.:A:>234+ :+ B:?-34+ 5: .:?6514?K )+

40.,+

=4>?-41F

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v>/34+ #1.4D:/,F =4>Y1>-,@:>-:+ =4@+ ,+ :>-.,5,+ :@+ A/B4.+ 5:+ =4>A:>2T:?

+'*7'/1/(:;<QA+(/5%09/)*(C*(+*'&* )"(,"$01.'/

/>-:.>,=/4>,/?+?40.:+,+@,-J./,F+G1:+5:-:.@/>,.,@+,+>:=:??/5,5: 5:+.:,5,D-,234+5,+>4??,+H.4-,+5:+D:?=,+,+G14-,?+:+E.:,?+5:+D:?=, 5/H:.:>-:?+ 5:+ 4>5:+ D:?=EA,@4?+ -.,5/=/4>,7@:>-:K

="5/'/)/$()"J"C$/$()/(+*C&"(;/0$

L4+ W@0/-4+ 54+ 9.4B.,@,+ 5:+ #H/=/I>=/,+ #>:.BJ-/=,+ >, )5@/>/?-.,234+9<07/=,+P#8'K)9QF+,+)9;;F;)+D.4=:5:1+S+@4>-,B:@ 5:+.:7XB/4?+,?-.4>X@/=4?+D,.,+=4@,>54+54+H1>=/4>,@:>-4+5, /71@/>,234+D<07/=,+>,+O4>,+D4.-1E./,K+L4+@47C:+:M-:./4.F+,+/71@/>,234 H4/+.:51O/5,+D,.,+1@+-:.24+,+D,.-/.+5,?+U_C4.,?K+84@+4+>4A4+?/?-:@,F

)+:@D.:/-,5,+5:+.:=474=,234+5,?+5:H:>?,?+5,+94>-:+8,/?

G1:+,7-:.,+,+C4.,+5:+7/B,.+:+5:?7/B,.+5,+/71@/>,234F+:?-/@,R?:+1@,

>pU+>4+94.-4+5:+;:?/@0.,+/>=71/1+,+.:D,.,234+5,?+5:H:>?,?+:+,

.:51234+ ,>1,7+ 5,+ 4.5:@+ 54?+ `|+ 54+ =4>?1@4+ 5:+ :>:.B/,K

.:?D:-/A,+=474=,234+>4+=,/?F+G1:+=4>-41+=4@+,+D,.-/=/D,234+5: @:.B17C,54.:?+D.4H/??/4>,/?K 84@D7:-,5,+ :?-, ,-/A/5,5:F+ ?:B1/.R?:RE+ , 4D:.,234+H/>,7+5:+,H/>,234+54 D4?/=/4>,@:>-4+5,?+5:H:>?,?F -:>54+:@+A/?-,+,+,7-1.,+5,? @,.J?+5:+;:?/@0.,+:+4+D:.H/7 5,?+ :@0,.=,2T:?+ G1: :?-,=/4>,@+>4+=,/?K

VU

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 13 C

M

Y

CM

MY

CY CMY

K

[(#q#;

A+,,(5/'&0905/(C*(D0J"2?<,(R%*$$ )+)9;;+D,.-/=/D41+>,+l}+:5/234+54+81.?4+9.E-/=4+*/H:RZ'; o74??+5:?-/>,54+,+D.4@4A:.+4+1?4+54+&.,>?D4.-:+Z,.6-/@4+5:+81.-, $/?-W>=/,+P&Z8$QK+'+=1.?4+5:=4..:1+,+04.54+54+>,A/4+fo./7@,75/ [,.=:74>,gF+5:+b+,+VU+5:+Y1>C4F+51.,>-:+1@,+A/,B:@+5:+/5,+:+A47-,

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o./@,75/+*/>:?F+5,+89+8,.B,F

54?+?:.A/24?+:+5,+?1?-:>-,0/7/5,5:+,@0/:>-,7K+)+:@D.:?,+-:@+A/>54 ,+/>?-,7,.+41+,+?10?-/-1/.+>4?+D4.-4?+5:+;:-<0,7+:+5:+;:?/@0., 47:T:?+G1:+=1@D.:@+,?+@,/?+:M/B:>-:?+>4.@,?+5:+?:B1.,>2,+: D.4-:234+,@0/:>-,7K

A+,,(5/'&0905/(C/(V"0'/()"(,/C&0/7*

5,+ )o#9'(+ :+ 54+ %9&Z+ j %>?-/-1-4+ 94.-1E./4+ :

)+)9;;+j+)5@/>/?-.,234+54?+94.-4?+5:+;:-<0,7+:+;:?/@0.,F

54?+&.,>?D4.-:?+Z,.6-/@4?F+%9K

;)+S+?:@:7C,>2,+5,?+:5/2T:?+,>-:./4.:?+D,.-/=/D41+>,+N:/.,+5: ;,>-/,B4F+:5/234+5:+U!VUF+5:5/=,5,+S+-:@E-/=,+fV"l+,>4?+54+Z:.=,54

'?+ D,.-/=/D,>-:?

54+*/A.,@:>-4gF+=4@+1@+?-,>5+/>?-/-1=/4>,7K

-/A:.,@+ 4D4.-1>/5,5:+ 5: ,04.5,.+,+-:@E-/=,+54+&Z8$

'+:A:>-4+G1:+5:=4..:1+5:+UV+5:+Y17C4+,+`+5:+,B4?-4+J+1@,

>,?+A:.-:>-:?+-:X./=,+:+D.E-/=,F

5,?+/>/=/,-/A,?+@,/?+D4D17,.:?+5,+.:B/34+:+=4>-,+=4@+4+,D4/4+5,?

D,.,+,7J@+5:+1@,+:>./G1:=:54.,+.:=47C,+5:+/>H4.@,234F+H,=:+S

@,/?+A,./,5,?+:>-/5,5:?+54+=4>=:7C4K

D.:?:>2,+5:+-J=>/=4?+:+1-/7/O,54.:?+5:??,+@45,7/5,5:+5:+-.,>?D4.-:F G1:+,D.:?:>-,.,@+,4?+D,.-/=/D,>-:?+,?+?1,?+:MD:./I>=/,?+>,+@,-J./,K

I*9/()/$(V*C&/0CO/$(9*1(*%"W* )+ )9;;+ =474=41+ ,4+ ?:.A/24+ 54?+ 1-:>-:?+ 5,+ $4=,+ 5,? N4>-,/>C,?+54+94.-4+5:+;:-<0,7+1@+47:34+54-,54+=4@+,?+@,/? .:=:>-:?+ -:=>474B/,?+ 5:+ ?:B1.,>2,+ =4>-.,+ 5:..,@:?F+ =4@4+ ,

V"

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 14 C

M

Y

CM

MY

CY CMY

K

[(#q#;

V*'1/C)*$(AC7*%/C*$(F0$0&/1(*(5*'&* )"(,"&-./% '+94.-4+5:+;:-<0,7+.:=:0:1F+>4+D,??,54+5/,+U!+5:+Y17C4F ,+A/?/-,+5:+1@+B.1D4+5:+=47,04.,54.:?+5,+#@D.:?,+94.-1E./,+5: 8,0/>5,F+#K9KF+=4@4+H4.@,>54?+5,+%>-:.H,=:+*:B,7F+>4+W@0/-4+54 =1.?4+5:+H4.@,234+D.4H/??/4>,7+:@+f%>?D:234+5:+#?D,24?+$4@/>/,/? :+N/?=,7/O,234+5,?+)-/A/5,5:?+54?+'D:.,54.:?+94.-1E./4?g+:+:@ fN/?=,7/O,234+5,+Z4A/@:>-,234+5:+Z:.=,54./,?+:@+8,/?+94.-1E./4gK

=47,04.,54.:?F+>4+W@0/-4+5,?+40./B,2T:?+7:B,/?+5,+:@D.:?,+:@ @,-J./,?+ 5:+ ?:B1.,>2,F+ C/B/:>:+ :+ ?,<5:+ >4+ -.,0,7C4K )?+ ,2T:?+ 5:=4..:.,@+ >4+ ,15/-X./4+ 54+ :5/H6=/4+ ?:5:+ 5, )9;;F+;)F+:+=4>-,.,@+=4@+1@,+H4.-:+=4@D4>:>-:+D.E-/=,F+A/?,>54 54-,.+ 4?+ D,.-/=/D,>-:?+ 5:+ =4@D:-I>=/,?+ D,.,+ ,+ :M:=1234+ 54? D./@:/.4?+D,??4?+5:+?1D4.-:+0E?/=4+5:+A/5,K

,016%/9'*()"("F/96/SW*()*(")0JH90* $")"()/(A+,, '+ B.1D4+ H4/+ .:=:0/54+ >4+ ,15/-X./4+ 54+ :5/H6=/4+ ?:5:+ 5, )9;;F+;)+4>5:+A/?/4>,.,@+4+H/7@:+/>?-/-1=/4>,7+,4+G1,7+?:+?:B1/1

)+)9;;+j+)5@/>/?-.,234+54?+94.-4?+5:+;:-<0,7+:+;:?/@0.,F

,+ A/?/-,+ ,4?+ -:.@/>,/?+ D4.-1E./4?+ D45:>54+ ,??/@+ =4>C:=:.+ 4

;)+:H:-141+1@+?/@17,=.4+5:+:A,=1,234+54+#5/H6=/4+;:5:F+>4+D,??,54

H1>=/4>,@:>-4+:+5:?:>A47A/@:>-4+54+D4.-4+5:+;:-<0,7+=17@/>,>54

5/,+U`+5:+@,/4F+>1@,+,234+:@+=4>H4.@/5,5:+=4@+4+(:B17,@:>-4

=4@+ ,+ 40?:.A,234+ 54?+ D.4=:5/@:>-4?+ 5:?:>A47A/54?+ >4?

&J=>/=4+5:+;:B1.,>2,+=4>-.,+%>=I>5/4?+:@+#5/H6=/4?+:@+A/B4.K

5:D,.-,@:>-4?+5:+N/?=,7/O,234F+97,>:,@:>-4+:+84>-.474+94.-1E./4K )+:A,=1,234+-4-,7+5,?+D:??4,?+54+:5/H6=/4F+G1:+H,O+D,.-:

;*%/.*'/)*'"$('"/%0E/1(J*'1/SW*("1 5'01"0'*$(,*9*''*$ )+ )9;;F+ ;)+ :@ =47,04.,234+ =4@+ , 84@D,>C/,+ 5:+ [4@0:/.4?

5,?+@:5/5,?+5:+,1-4D.4-:234+>4+W@0/-4+54+.:H:./54+.:B17,@:>-4F 5:=4..:1F+ ,DX?+ 4+ -4G1:+ 5:+ ,7,.@:F+ ?40+ ,+ =44.5:>,234+ 54? .:?D4>?EA:/?+ 5:+ D/?4+ :+ =4>H4.@:+ 4?+ D.4-4=474?+ A/B:>-:?K

;*%/.*'/)*'"$()/(A+,,('"909%/1 +/$$/5*'&"()"(,"76'/CS/

;,D,54.:?+ 5:+ ;:-<0,7 .:,7/O41F+>4?+5/,?+"!+:+"V+5:

$:=4..:1+>4?+5/,?+U"+:+U_+5:+@,/4F+1@,+,234+5:+H4.@,234

@,/4F+V+5:+Y1>C4+:+5:+V"+,+V`

5:+ .:=/=7,B:@+ 54+ f9,??,D4.-:+ 5:+ ;:B1.,>2,g+ 5:?-/>,5,+ ,4?

5:+ Y1>C4F+ 51,?+ ?:??T:?+ 5:

=47,04.,54.:?+54+;-Z+P;:-4.+5:+Z,>1-:>234Q+:+;-##Z+P;:-4.+5:

H4.@,234+ :@+ 9./@:/.4?

#7:-./=/5,5:F+#7:-.X>/=,+:+Z:=W>/=,Q+5,+)9;;+j+)5@/>/?-.,234+54?

;4=4..4?+

94.-4?+5:+;:-<0,7+:+;:?/@0.,F+;)F+.:,7/O,5,+:@+=47,04.,234+=4@

V_

Composite

D,.,+

4?


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 15 C

M

Y

CM

MY

CY CMY

K

[(#q#;

%;u+j+%>?-/-1-4+5:+;475,51., :+u1,7/5,5:K

D/CS/)*(9*C96'$*(5/'/('"5/'/SW*()/$ )"J"C$/$()*(>"'10C/%(=*2=*

)+ H4.@,234+ =4>-41 =4@+G1/>O:+D,.-/=/D,>-:?+G1:

)+ )9;;+ j+ )5@/>/?-.,234+ 54?+ 94.-4?+ 5:+ ;:-<0,7+ :

D15:.,@+ .:=4.5,.+ ,-/-15:?

;:?/@0.,F+ ;)+ 7,>241+ 1@+ =4>=1.?4+ D,.,+ ,+ :M:=1234+ 51@,

D.4,-/A,?+5:+?:B1.,>2,F+=4@4

:@D.:/-,5,+D,.,+,+.:D,.,234+5,?

,D7/=,.+4?+D./>=6D/4?+B:.,/?+5:

5:H:>?,?+ :M/?-:>-:?+ >4

D.:A:>234F+ /5:>-/H/=,.

&:.@/>,7+(4R(4+54+94.-4+5:

?/-1,2T:?+ 5:+ D:./B4+ :

;:-<0,7K

D.4=:5/@:>-4?+5:+,-1,234+:@+=,?4+5:+:@:.BI>=/,F+-:>54+-:.@/>,54 #?-,+/>-:.A:>234+-:@+D4.

=4@+1@+:?-154+5:+=,?4K

40Y:-/A4+ .:D,.,.+ ,?+ "U

A+,,("(I0'"SW*(R"'/%()*$(,"'F0S*$ +'0$0*C/0$(9615'"1(5'*&*9*%*

5:H:>?,?+54+&:.@/>,7+(4R(4F UV+ >,+ H.:>-:+ =,/?+ :+ b+ >4? G1,-.4+51G1:?+5~,70,F+,-.,AJ? 5,+.:@4234+:+.:=474=,234+5:

)+)9;;+:+,+$/.:234+o:.,7+54?+;:.A/24?+9./?/4>,/?+=1@D./.,@

=,5,+1@,+5,?+5:H:>?,?K+;:.E+:H:-1,5,+1@,+.:=1D:.,234+D.4H1>5,

1@+D.4-4=474+D,.,+,+=:5I>=/,+5:+5:-/54?+:@+.:B/@:+5:+D./?34

:@+ :?-,7:/.4F+ =4@+ .:=1D:.,234+ 54?+ :7:@:>-4?+ 5,>/H/=,54?+ :

,0:.-,+D,.,+,+:M:=1234+5:+,7B1@,?+-,.:H,?+.:@1>:.,5,?F+>1@,

?10?-/-1/234+54?+/>,D.4A:/-EA:/?+41+:@+H,7-,K

,234+G1:+?:+:>G1,5.,+>4+W@0/-4+5,?+40./B,2T:?+5:+.:?D4>?,0/7/5,5: ?4=/,7+5,+)9;;K '?+ C4@:>?+ />-:B.,.,@+ :G1/D,?+ 5,+ )9;;+ :@+ ,2T:?+ 5: D/>-1.,F+ 7/@D:O,+ 5:+ :5/H6=/4?+ D<07/=4?+ :+ 5:+ .:D,.,234+ 5: :G1/D,@:>-4?F+-,/?+=4@4F+0,>=4?+5:+Y,.5/@F+H74.:/.,?F+?/>,7/O,234 :+.:@4234+5:+B.,H/-4?K

)+ )9;;+ j+ )5@/>/?-.,234+ 54?+ 94.-4?+ 5:+ ;:-<0,7+ :

;*C9%6H)*$(/''/CX*$("U&"'0*'"$()* 1*%O"(C/$9"C&"()/$(V*C&/0CO/$ )+)9;;+=4>=71/1+4?+-.,0,7C4?+5:+,..,>Y4?+:M-:./4.:?+54 @47C:+>,?=:>-:+5,+$4=,+5,?+N4>-,/>C,?F+>1@,+/>-:.A:>234+G1: A/?41+@:7C4.,.+:+-4.>,.+@,/?+,D.,O6A:7+1@,+O4>,+G1:F+D,.,+,7J@ 5:+?:.+@1/-4+H.:G1:>-,5,+D:74? ?:-10,7:>?:?F+ J+ 1@,+ 5,? D4.-,?+5:+:>-.,5,+54?+-1./?-,? G1:+A/?/-,@+;:-<0,7+1-/7/O,>54 4?+ -.,>?D4.-:?+ H71A/,/?K '?+

-.,0,7C4?

=4>?/?-/.,@+

D/CS/)*(9*C96'$*(5/'/('"5/'/SW*()* 5/'/1"C&*(%/&"'/%()/(I*9/()/$ V*C&/0CO/$

>,

.:D,A/@:>-,234+:@+=,72,5, D4.-1B1:?,F+ :@+ >4A, /71@/>,234+ 5:=4.,-/A,F D7,>-,234+5:+D/>C:/.4?+@,>?4?+:+@4>-,B:@+5:+A:5,234+5:+D.4-:234 54+7,54+>,?=:>-:r>4.-:+5,+54=,K+N4.,@+-,@0J@+?10?-/-165,?+,? 51,?+=471>,?+5:+,??/>,7,@:>-4+@,.6-/@4K

;:?/@0.,F+;)+7,>241+1@+=4>=1.?4+D,.,+,+.:D,.,234+54+D,.,@:>-4 7,-:.,7+5,+$4=,+5,?+N4>-,/>C,?K+)-1,7@:>-:F+4+D,.,@:>-4+7,-:.,7 54?+7,54?+>,?=:>-:+:+>4.-:+5,+$4=,+5,?+N4>-,/>C,?+,D.:?:>-, 5:H4.@,2T:?K q34+ ?:.+ .:,7/O,54?+ -.,0,7C4?+ -:>54+ :@+ A/?-,+ ,+ ?1, =4>?47/5,234F+>1@,+/>-:.A:>234+G1:+/.E+.:=1D:.,.+,+/>H.,:?-.1-1., :F+/B1,7@:>-:F+@:7C4.ER7,+:@+-:.@4?+A/?1,/?F+1@,+A:O+G1:+:?-, 54=,+,=47C:+AE./,?+:@0,.=,2T:?+A4=,=/4>,5,?+D,.,+4+-1./?@4+: 41-.,?+5:5/=,5,?+,4+-.,>?D4.-:+H71A/,7+D,.,+,+D:>6>?17,+5:+&.X/,K

?*%O"(C/$9"C&"()/$(V*C&/0CO/$('"9"." 50CO"0'*$ %>-:B.,5,+>1@,+.:B/34+,0.,>B/5,+D:7,?+@:5/5,?+5:+=4@0,-: :+D.:A:>234+5,+D.,B,+54+:?=,.,A:7C4+5,+D,7@:/.,+P(C^>=C4DC4.1? H:..1B/>:1?Q+G1:+,-,=41+H4.-:@:>-:+,?+D,7@:/.,?F+,+)9;;+,54-41 4+D/>C:/.4+@,>?4+=4@4+>4A,+:?DJ=/:+D,.,+,?+?1,?+E.:,?+A:.5:?F 5:=/?34+:>G1,5.,5,+5:>-.4+54?+40Y:-/A4?+5:+.:?D4>?,0/7/5,5: ,@0/:>-,7+:+?4=/,7+5,+:@D.:?,+:+.:H4.2,5,+D:7,+=:.-/H/=,234+54 ?/?-:@,+5:+B:?-34+5:+G1,7/5,5:+:+,@0/:>-:K

V`

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 16 C

M

Y

CM

MY

CY CMY

K

[(#q#;

84@+@:=,>/?@4?+>,-1.,/?+5:+:7:A,5,+:H/=/I>=/,+>,+1-/7/O,234

4+@,/4.+:@0,.G1:+5:+@,-:./,7

5,+EB1,+:+0,/M4?+6>5/=:?+5:+D.407:@,?+H/-4??,>/-E./4?F+,+:?=47C,

.47,>-:+>1@+?X+>,A/4+>,G1:7:

5:?-,+:?DJ=/:+D,.,+,+.:=:>-:+/>-:.A:>234+D,/?,B6?-/=,+>4+@47C4

-:.@/>,7K

D4:>-:+ 5,+ $4=,+ 5,?+ N4>-,/>C,?F+ -.,51OR?:+ >1@,+ 4D234 ,@0/:>-,7@:>-:+?1?-:>-,5,F+=4@+.,6O:?+=17-1.,/?+:+A,74.+4.>,@:>-,7

)+=,.B,+-:A:+=4@4+5:?-/>4

/>G1:?-/4>EA:7K

4?+D4.-4?+5:+$1.0,>F+>,+dH./=, 54+;17F+Z,D1-4+:+[:/.,F+:@

<J090C/$()/(A+,,(9*1(/B6"901"C&* $*%/'

Z42,@0/G1:F+ -:>54+ ?/54 =4>?/B>,5,+S+&.,>?/-:M+dH./=, 54+ ;17+ :+ &.,>?/-:M Z42,@0/G1:K+N4/+1@+-.,>?D4.-:+:@+.:B/@:+5:+D4.-,+,+D4.-,F+41

)+)9;;+/>?-,741+1@+;/?-:@,+;47,.+&J.@/=4+>4?+0,7>:E./4?

?:Y,F+,+&.,>?/-:M+,??:B1.41+-45,+,+74B6?-/=,+5:?5:+,+:>-.:B,+:@

5,?+4H/=/>,?+D,.,+4+,G1:=/@:>-4+5:+EB1,+:@+?10?-/-1/234+54?

;:-<0,7+,-J+,4+5:?-/>4+H/>,7+,+D,.-/.+54?+.:H:./54?+D4.-4?+,H./=,>4?K

-:.@4,=1@17,54.:?+ G1:+ ?:.A/,@+ ,?+ />?-,7,2T:?K+ '+ ?/?-:@,+ J =4@D4?-4+D4.+1@+=47:-4.+?47,.+=474=,54+>,+=40:.-1.,+54+:5/H6=/4 :+D4.+1@+,=1@17,54.K

T"%"0'*$(5/'&0905/C&"$(C/$(>/%%(,O05$ =/9"$("$9/%/1(+*'&*()"(,"&-./%

&.,-41R?:+ 5:+ @,/?+ 1@,+ ,234+ />?:./5,+ >,+ :?-.,-JB/,+ 5: ?1?-:>-,0/7/5,5:+B740,7+:+5:+.:51234+5:+:@/??T:?+5:+8'U+5:7/>:,5, D:7,+)9;;F+G1:+4D-,F+?:@D.:+G1:+D4??6A:7F+D:7,+@4>-,B:@+5: :G1/D,@:>-4?+ G1:+ =4>?1@,@+ :>:.B/,?+ .:>4AEA:/?K

+*'&*()"(,"&-./%(9*1('"/9O($&/9Y"' "9*%K709*

'+ 94.-4+ 5:+ ;:-<0,7+ H4/+ A/?/-,54+ D4.+ -.I?+ 54?+ A:7:/.4? D,.-/=/D,>-:?+>,+.:B,-,+&,77+;C/D?+(,=:?F+G1:+:?-:+,>4+D,??41+D4. */?04,K+)D4.-,.,@+:@+;:-<0,7+4?+A:7:/.4?+:?=47,+f;N;+9'o'(%)gF D47,=4F+5:+_h+@:-.4?x+f)L&m#(9#L+N*#(gF+0:7B,F+5:+Uh+@:-.4? :+f&'Z%$%gF+0:7B,F+5:+Vl+@:-.4?K

'+ 94.-4+ 5:+ ;:-<0,7+ D,??41+ ,+ 5/?D4.+ 5:+ @,/?+ 1@ :G1/D,@:>-4+5:+@4A/@:>-,234+5:+=,.B,K+)+&:.?,54F+=4>=:??/4>E./, 54+&:.@/>,7+Z17-/1?4?+k4>,+VF+=474=41+S+5/?D4?/234+54?+?:1? =7/:>-:?+1@+>4A4+.:,=C+?-,=e:.F+G1:+?:+>4-,0/7/O,+D:7,+A:.-:>-: :=47XB/=,F+=4@+0,/M,?+:@/??T:?+5:+B,?:?+5:+:?=,D:F+?:>54+4 D./@:/.4F+ >4?+ D4.-4?+ >,=/4>,/?F+ ,+ =1@D./.+ ,+ $/.:-/A,+ ZEG1/>, U!!_rUlr#8K 84@+ ,+ =,D,=/5,5:+ 5:+ @4A/@:>-,234+ 5:+ =,.B,+ ,-J+ _` -4>:7,5,?F+:>-.:+=4>-:>-4.:?+:+41-.,?+-/D474B/,?+5:+=,.B,?F+:?-: :G1/D,@:>-4+A,/+0:>:H/=/,.+4?+=7/:>-:?+=4@+1@,+?1D:./4.+G1,7/5,5: 54?+?:.A/24?+D.:?-,54?F+D,.,+,7J@+5:+?:.+,@0/:>-,7@:>-:+@,/? ?1?-:>-EA:7K

,/)*5*'&("J"&6*6(1/0*'("1./'B6"()" 1/&"'0/%('*%/C&" )?+:M=:7:>-:?+=4>5/2T:?+4H:.:=/5,?+D:74+94.-4+5:+;:-<0,7 L4+ &:.@/>,7+ Z17-/1?4?+ k4>,+ U+ 54+ 94.-4+ 5:+ ;:-<0,7F

,+:?-:+-/D4+5:+:@0,.=,2T:?+H/=,.,@+@,/?+1@,+A:O+5:@4>?-.,5,?

=4>=:??/4>,54+S++;,54D4.-F+H4.,@+:@0,.=,54?+>4+>,A/4+f84D:>?C/D

D:7,+:?=47C,+H:/-,+D4.+:?-,?+:@0,.=,2T:?F+?:>54+G1:+>4+=,?4+54

#1.4D:gF+,B:>=/,54+D:7,+94.-@,.F+=:.=,+5:+bFV+@/7+@:-.4?+=<0/=4?

A:7:/.4+f;N;+9'o'(%)F+-.,-41R?:+YE+5,+?:B1>5,+A/?/-,+>1@+=1.-4

5:+@,-:./,7+.47,>-:+:+=4>-:>-4.:?+=4@+:G1/D,@:>-4+5,+Z4-,R#>B/7

7,D?4+5:+-:@D4K

D,.,+AE./,?+40.,?+:@+Z42,@0/G1:+:+>4+Z,7,i/F+>,G1:7:+G1:+H4/

Vl

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 17 C

M

Y

CM

MY

CY CMY

#;&)&c;&%8);

K

q,74.:?+)=1@17,54?+,+Y1>C4

!-1"'*()"(!/F0*$

R>(?\)0* U!VV

U!VV

8)'(0(%9":'1"*2)%10(0&

U!VU

U!VU

84>-:>-4.:?

84>-:>-4.:?

o.,>:7:/.4? o.,>:7:/.4? o.,>J/?+*6G1/54? o.,>J/?+*6G1/54? &.,>?D4.-:?+#?D:=/,/? &.,>?D4.-:?+#?D:=/,/?

8,.B,+B:.,7

!! K!

!! U!

U`

K!

!! K! V`

V!

K!

! `K

!!

!

! _!

!

U!

"!

!

! V!

!

!!

&4-,7

8,.B,+B:.,7

?"'9/)*'0/$(1*F01"C&/)/$(Z[3Z

?"'9/)*'0/$(1*F01"C&/)/$(Z[3Z

5*'(&05*

5*'(1*)*()"(/9*C)090*C/1"C&*

Z3b

/'<%)*2""

db((3$0)@'&"6K=4'(2&

3Zb((!4*$2&

db((/2)*%)*2$'J0(0

3ab

^b((#07%1

_`b

3$0)@'&"HG1'(2&""

/1')=4%$""

_b((30&G1%2"%"30&21')0 _b((D211E"!)"D211E!FF `b((/0$5C2"%"/2=4% ab((A(4B2& cb((:')@$'2&

_b((D211E!)"D211E!FF 3Zb

#$2(4*2&":%*01>$-'?2&""

^`b((/0$-0"I$0??'2)0(0

3[b

:0(%'$0"""

?"'9/)*'0/$(1*F01"C&/)/$(Z[33]Z[3Z

U!VV

8)'(0(%9";2)%10(0&

U!VU

c[[Q[[[ a[[Q[[[ `[[Q[[[ _[[Q[[[ ^[[Q[[[ Z[[Q[[[ 3[[Q[[[

?

:7

.4 1'

9, D

87 /> G1 :.

4? =/ 5

9,

?-

,+

5:

d

:/ .,

?

,5 +Z

,5 Z

Z

/> J

./4

:/ .,

?

1:

?

4G +8 +:

34 .A

HH

51 04

(4 77R '

) 8,

(4 7

+o +:

X7 ,?

7R+ ' >+

,?

47

/> ,

7, ? 6= 4 B.

+)

:4

4? 145 9.

o

=4 ?

:> -4 8/ @

B/ <.

9.

45

1-

4?

+Z

:-

,7

N1

:7 X7 :4

[

Vh

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 18 C

M

Y

CM

MY

CY CMY

K

8,?,+5:+9:??4,7+5,+)9;;

Z^4(AC0F"'$G'0*()/(;++,,

5:+;:A/7C,>,?+5,+;4=/:5,5:+z1@,>/-E./,+5:+9,7@:7,F+?40+,+5/.:234 5,+D.4H:??4.,+Z,./,+\4?J+L,A,..4+:+,=4@D,>C,54+S+A/47,+D4. y,A/:.+*74>=CK

(:,7/O41R?:+>4+D,??,54+5/,+U!+5:+)0./7F+D:7,?+U!C!!F+>, u1/>-,+54+9,-.6=/4+:@+;:-<0,7F+4+Y,>-,.+5:+=4@:@4.,234+54+U"p

L4+H/@+5,+>4/-:F+/>/=/,.,@R?:+4?+C,0/-1,/?+5/?=1.?4?+=4@+4

)>/A:.?E./4+5,+899;;K+'+:A:>-4+=4>-41+=4@+,+D.:?:>2,+54+;:>C4.

9.:?/5:>-:+5,+$/.:234+5,+899;;F+#>BK+9,174+)75:/,F+4+9.:?/5:>-:

9.:?/5:>-:+54+84>?:7C4+5:+)5@/>/?-.,234+5,+)9;;F+;)F+#>Bp+8,.74?

5,+)??:@07:/,+o:.,7+5,+899;;F+#>BK+9:5.4+94>-:++:+4+9.:?/5:>-:

o41A:/,+*4D:?F+:+54+A4B,7F+$.K+N.,>=/?=4+o4>2,7A:?F+0:@+=4@4

54+8)+5,+)9;;F+#>BK+8,.74?+o41A:/,+*4D:?F+-:.@/>,>54F+,DX?+,?

5:+ =:.=,+ 5:+ =:>-4+ :+ A/>-:+ D:??4,?F+ :>-.:+ ?X=/4?+ :+ H,@/7/,.:?K

!!K!!+ C4.,?+ :+ YE+ >4+ 5/,+ UV+ 5:+ ,0./7F+ =4@+ D,.,0J>?+ :+ 0474+ 5: ,>/A:.?E./4K

'+:?D:-E=174+5:+A,./:5,5:?+H4/+,>/@,54+D:74?+=,>-4.:? 9:5.4+:+;1?,>,+P8<@D7/=:?QF+N/7/D:+)7A:?+:++D:7,+,-1,234+5,+#?=47,

Vs

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 19 C

M

Y

CM

MY

CY CMY

K

8,?,+5:+9:??4,7+5,+)9;;

N,../=,x+"p+*1B,.+R+81?-X5/4+;,>-4?x+_p+*1B,.+R+\434+o4>2,7A:?x `p+*1B,.+R+9:5.4+94>-:K )DX?+,+5/?-./01/234+5:+D.J@/4?F+4+B.1D4+5:?H.1-41+5:+1@ Y,>-,.+ =4>A6A/4+ G1:+ 5:=4..:1+ >4+ .:?-,1.,>-:+ N74.+ 5,+ [/?=,/,K

Z[4(>*'C"0*()"(>0'*(/*$(+'/&*$ '+U!p+&4.>:/4+5:+&/.4+,4?+9.,-4?+.:,7/O41R?:+>,+@,>C3+54 D,??,54+5/,+V+5:+@,/4+5:+U!VUF+>,?+/>?-,7,2T:?+54+=,@D4+5:+-/.4 5:+ ;-4K+ %?/5.4+ 5:+ + 9:BT:?F+ >4+ =4>=:7C4+ 54+ Z4>-/Y4K )+D.4A,+5/?D1-,5,+>,+@45,7/5,5:+5:+U`+D.,-4?+-:A:+=4@4+A:>=:54. 4+,??4=/,54+9:5.4+L,?=/@:>-4K

^4((>*'C"0*()"(e/'&0C7 (:,7/O41R?:+>4+D,??,54+5/,+V`+5:+Y1>C4F+>4+a,.-X5.4@4 %>-:.>,=/4>,7+5:+9,7@:7,+j+a%9F+4+"p+&4.>:/4+5:+a,.-/>BF+G1:+-:A: />6=/4+=4@+1@,+:MD7/=,234+5,?+.:B.,?+5:+?:B1.,>2,+,+.:?D:/-,.+D4. -454?+4?+/>-:.A:>/:>-:?+>,+=4>51234+54?+a,.-?+=4@+=/7/>5.,5,+5: Uh!+88K+;:B1/.,@R?:+=/>=4+@/>1-4?+5:+-.:/>4?+7/A.:?+:+=/>=4+@/>1-4? 5:+-.:/>4?+=.4>4@:-.,54?+G1:+D:.@/-/.,@+5:H/>/.+,+D4?/234+54?+U" =4>=4..:>-:?+>,+B.:7C,+5:+7,.B,5,K )+ D.4A,+ =4@+ ,+ 51.,234+ 5:+ V`+ @/>1-4?+ -:A:+ ,+ ?:B1/>-: =7,??/H/=,234+H/>,7n+q:>=:54.+R+8:7:?-/>4+Z,??,>4x+Up+*1B,.+R+9:5.4

+'KU01/$(A&0F0)/)"$ #?-34+ D.:A/?-,?+ ,?+ ?:B1/>-:?+ ,-/A/5,5:?n+ D,??:/4+ >, :@0,.=,234+f84?-,+)O17g+:>-.:+;:-<0,7R;:?/@0.,R;:-<0,7x+D,??:/4 5:+=,>4,B:@+>4+./4+;,54x+,17,+5:+;1.H+>,+D.,/,+5:+;34+\434+5, 8,D,./=,x+ =4>=1.?4+ 5: H4-4B.,H/,+ >4+ 84>A:>-4+ 5, )..E0/5,K

Vb

Composite


Newsletter_n33.FH11 Fri Aug 03 16:15:57 2012

Page 20 C

Composite

M

Y

CM

MY

CY CMY

K


Newsletter_n33