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<tbody><tr style="font-size:1px">
<td width="5%" valign="TOP">
<p>&nbsp;</p>
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<td width="95%" valign="TOP">
<p>&nbsp;</p>
</td>
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<tr>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
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<p><font size="2">No stock options were granted during the three month period ending
 June 30, 2008. The weighted average estimated fair value of stock options
 granted in the three month period ended June 30, 2007 was $2.26 per share. The
 fair value of options at the date of grant was estimated using the
 Black-Scholes option pricing model. The expected volatility is based upon
 historical volatility of our stock and other contributing factors. The
 expected term is determined using the
 simplified method as permitted by SAB 107. </font></p>
</td>
</tr>
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<p><font size="1">&nbsp;</font></p>
</td>
<td valign="TOP">
<p><font size="1">&nbsp;</font></p>
</td>
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<p><font size="1">&nbsp;</font></p>
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<p><font size="2">The assumptions made in calculating the fair values of options are as
 follows: </font></p>
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</tbody></table>
<table>
<tbody><tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>No stock options were granted during the three month period ending
 June 30, 2008. The weighted average estimated fair value of stock options
 granted in the three month period ended June 30, 2007 was $2.26 per share. The
 fair value of options at the date of grant was estimated using the
 Black-Scholes option pricing model. The expected volatility is based upon
 historical volatility of our stock and other contributing factors. The
 expected term is determined using the
 simplified method as permitted by SAB 107. </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font> </font></p>
</td>
</tr>
<tr>
<td>
<p><font> </font></p>
</td>
<td>
<p><font>The assumptions made in calculating the fair values of options are as
 follows: </font></p>
</td>
</tr>
</tbody></table>