Pursuant to U.S. State & Federal Laws the following is a statement of your legal rights.

Disclaimer & Legal Rights

No Warranties

ALL WEB SITES, PRODUCTS AND SERVICES ARE PROVIDED, AS IS, WITHOUT WARRANTY OF ANY KIND, EITHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. OUR COMPANY DOES NOT WARRANT, GUARANTEE, OR MAKE ANY REPRESENTATIONS REGARDING THE USE, OR THE RESULTS OF THE USE, OF THE WEB SITES, PRODUCTS, SERVICES OR WRITTEN MATERIALS IN THE TERMS OF CORRECTNESS, ACCURACY, RELIABILITY, CURRENTNESS OR OTHERWISE. THE ENTIRE RISK AS TO THE RESULTS AND PERFORMANCE OF THE WEB SITES, PRODUCTS AND SERVICES ARE ASSUMED BY YOU. IF THE WEB SITES, PRODUCTS, SERVICES  OR WRITTEN MATERIALS ARE DEFECTIVE, YOU, AND NOT OUR COMPANY, ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION. 

THIS IS THE ONLY WARRANT OF ANY KIND, EITHER EXPRESS OR IMPLIED, THAT IS MADE BY OUR COMPANY. NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY OUR COMPANY SHALL CREATE A WARRANTY OR IN ANY WAY INCREASE THE SCOPE OF THIS WARRANTY, AND YOU MAY NOT RELY ON SUCH INFORMATION OR ADVICE TO DO SO.

Subscribers to this report (“Subscribers”) should not assume that present or future recommendations will be profitable or will equal past performance or that any chart, theory or philosophy can guarantee profits in the stock market. Recommendations based on technical analysis are primarily suitable for the trader and may differ from fundamental opinions. The material is based on data obtained from sources believed to be reliable but cannot be guaranteed.  This report is for the information of Subscribers only and does not constitute an offer or solicitation to buy or sell any of the securities mentioned in this report. Phil Erlanger Research Co., Inc. (“Erlanger”), its employees, officers or affiliated companies may, in some instances, hold securities mentioned in this report.

Investment Advisor Status

Erlanger acts as an investment adviser and recommends securities, as well as related ETFs, to a family of private market neutral hedge funds (the “Funds”), the investors in which are all accredited investors.  Recommendations will be made to the Funds at approximately the same time as they are made to Subscribers.  However, the Funds may receive recommendations more frequently than Subscribers (including potential mid-week or liquidation-related recommendations), the recommendations to the Funds will be drawn from a broader range of securities and ETFs than those covered in this report (i.e., the recommendations to the Funds will not be limited to securities comprising the S&P 100, NASDAQ 100 and Dow 30), the Funds may be able to execute trades more quickly than Subscribers, recommendations to the Funds may otherwise vary from those provided to Subscribers with respect to trade-related timing, frequency or content, and Erlanger may have an incentive to favor the Funds.

Customer Remedy 

Our company's entire liability, and the purchaser's exclusive remedy, shall be a refund of the price paid or replacement of our products, at our option.  We limit replacement to thirty days.  All remedies are limited to the United States.

Some states do not allow the exclusion or limitation of liability, so the above limitations may not apply to you.

 Limitation & Exclusion Of Liability

These warranties exclude all incidental or consequential damages.  Our company, and its suppliers, will not be liable for any damages whatsoever, including without limitation, damages for loss of business profits, business interruption, loss of business information, or other pecuniary loss.  Some states do not allow the exclusion or limitation of liability, so the above limitations may not apply to you.

Legal Forum, Choice Of Laws & Official Language

This offering is a contract between you the buyer and our business, the seller.  The seller is located in Acton, Massachusetts, U.S.A. and by doing business with us you agree that this offering is made from Acton, Massachusetts, U.S.A. and shall be governed by the laws of the State of Massachusetts and the U.S.A.. By electing to participate in this offer, you are entering into a contract.

This Agreement shall be governed by and construed in accordance with the laws of the State of Massachusetts, without regard to its conflict of laws rules. Any legal action arising out of this Agreement shall be litigated and enforced under the laws of the State of Massachusetts. In addition, you agree to submit to the jurisdiction of the courts of the State of Massachusetts, and that any legal action pursued by you shall be within the exclusive jurisdiction of the courts of Boston in the State of Massachusetts, USA.

The terms constituting this offering are set forth in writing on this Web site.  You hereby agree to submit to the jurisdiction of the State and Federal Courts located in Boston, Massachusetts, U.S.A. to resolve any disputes or litigation hereunder.  Whether or not you choose to print this offering, containing the terms and conditions as described herein, you agree that this contract constitutes a writing. 

This agreement is being written in English, which is to be the official language of the contract’s text and interpretation.  If you do not agree with the above terms and conditions, you have the option to not participate in this offer.

  Copyrights

This Web site and information contains copyrighted material, trademarks, and other proprietary information.  You may not modify, publish, transmit, participate in the transfer or sale of, create derivative works of, on in any way exploit, in whole or in part, any Proprietary or other Material. No part of our reports may be reproduced or forwarded without the prior written permission of Erlanger.  The information contained in our reports are copyrighted and may not be forwarded, posted on the internet or reproduced in any way without the prior written consent of Erlanger. Violation of the copyright law is punishable by law.

License

All images, text, contents, products and scripts are licensed and never sold, unless otherwise stated.   Reproduction is prohibited.  You may not use, copy, emulate, clone, rent, lease, sell, modify, decompile, disassemble, otherwise reverse engineer, or transfer the licensed program or product, or any subset of the licensed program or product, except as provided for in this agreement or expressly in writing.  Any such unauthorized use shall result in immediate and automatic termination of this license and may result in criminal and/or civil prosecution.

Our company reserves all rights not expressly granted here.

© 2013 Phil Erlanger Research Co., Inc.  All rights reserved.