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                   Hi Sarah, here's what you need to know for
                   <strong>
                    August 7th
                   </strong>
                   in
                   <strong>
                    3:15 minutes
                   </strong>
                   .
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                     The US president ousted America’s chief number‑cruncher – and now investors fear the math might start taking sides
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                     Why “rearview mirror investing” might be your most dangerous habit –
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                     OpenAI has a tactic to keep staff from straying to Meta… and the ChatGPT-creator might snag a $500 billion valuation in the process
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               The Numbers *Might* Lie
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              <p data-block-key="5z3du" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="8klea" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               After the US president fired the head of the Bureau of Labor Statistics (BLS), experts are warning that America’s credibility could take an L.
              </p>
              <p data-block-key="6os8r" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="6diat" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               – The president fired the bureau’s commissioner on Friday, claiming that its last jobs report was “rigged” against him.
              </p>
              <p data-block-key="5hvk2" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               – That’s a serious decision. The BLS is like a scorekeeper for the US economy, presenting numbers that influence decisions worth trillions of dollars – from business investments to government policies.
              </p>
              <p data-block-key="5ngo4" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               – One of its most important outputs is the consumer price index (CPI). Besides being closely watched by millions, the inflation indicator dictates the payouts for Treasury Inflation-Protected Securities (TIPS) – a type of government bond. The whole thing is a sensitive process: even tiny tweaks in CPI calculations can shift the output, and a fraction of a percent difference is enough to move
               <i>
                billions
               </i>
               in the bond market.
              </p>
              <p data-block-key="efrgr" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="14geh" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For markets:
                </i>
               </b>
               <i>
                Here’s a tip(s)...
               </i>
              </p>
              <p data-block-key="2kbkn" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               🔺 Those
               <b>
                inflation-linked bonds
               </b>
               have risen nearly
               <b>
                6%
               </b>
               this year, but a controversial hire could easily change that.
              </p>
              <p data-block-key="3eaa8" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ⚠️ See, the $2 trillion TIPS market runs on the idea that inflation data is accurate and free from political spin. And while the commissioner’s role has historically been apolitical, former heads are warning that the next leader could be pressured otherwise.
              </p>
              <p data-block-key="643i6" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               ► If investors lose faith, they might ditch
               <b>
                bonds
               </b>
               or demand higher returns to make up for the risk. That could push
               <b>
                borrowing costs
               </b>
               higher – including for the debt-laden US government.
              </p>
              <p data-block-key="fcctj" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For you personally:
                </i>
               </b>
               <i>
                Trust, the process.
               </i>
              </p>
              <p data-block-key="7tgtf" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               History suggests that when numbers get political, investors hold markets to account. Along with ditching American bonds, they could sell the US dollar and buy gold. In fact,
               <b>
                stocks
               </b>
               ,
               <b>
                bonds
               </b>
               , and
               <b>
                currencies
               </b>
               could all become more volatile. And seeing as trust takes years to build but seconds to break, investors might need a lot of convincing to reconsider the US of A.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
              </p>
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               <b>
                You might also like:
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                How to keep your portfolio strong – and your cash handy
               </a>
               .
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                  <strong>
                   Copy to share story:
                  </strong>
                  <a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
                   https://app.finimize.com/content/the-numbers-might-lie
                  </a>
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                        When our analyst Reda said
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         nuclear stocks
                        </a>
                        were going to the moon, he didn't mean it literally. Apparently,
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                         the president does
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                        .
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                         <span style="font-family: Helvetica, Arial, sans-serif; font-size: 12px; font-weight: bold; color: #E6F14A; display: inline-block;">
                          FROM OUR RESEARCH DESK
                         </span>
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                         <h2 style="font-weight: 700; line-height: 1.25; margin-bottom: 16px; font-size: 24px; color: #FFFFFF; margin: 0 0 4px; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; margin-top: 0;">
                          How To Forecast Returns Without Lying To Yourself
                         </h2>
                         <p style="line-height: 1.5; margin-top: 0; margin-bottom: 16px; font-family: Helvetica, Arial, sans-serif; font-size: 14px; color: #FFFFFF; margin: 0;">
                          Stéphane Renevier, CFA
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                      Our brains love shortcuts. When we see an asset that’s been crushing it for years, we
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       instinctively expect
                      </a>
                      more of the same. It feels safe, familiar, and, frankly, we hate the idea of missing out.
                     </p>
                     <p data-block-key="ejskc" style="font-size: 16px; line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; color: #fff;">
                      That’s why past returns have a massive influence on how we set expectations – even if we don’t realize it. We
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       anchor
                      </a>
                      to recent performance, assume the good times will go on forever, and justify it with stories about growth and innovation.
                     </p>
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                      But here’s the reality: what works over short windows (momentum) often flips over the long run. Over ten years,
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       returns and earnings growth
                      </a>
                      tend to mean-revert. The higher the valuations get, the lower your future returns.
                     </p>
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                      That’s today’s Insight:
                      <a style="color: inherit; text-decoration: underline; font-weight: inherit;">
                       why rearview mirror investing is a dangerous habit – and how to break it
                      </a>
                      .
                     </p>
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                        Read or listen to the Insight here
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                    <b>
                     If you’re big on US industrials, you could go bigger with this ETF
                    </b>
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                    The US president used his executive powers to bolster American miners and mineral producers.
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                    See, China churns out nearly three-quarters of the world’s rare earth materials – that’s essential stuff in everything from batteries to defense systems.
                   </p>
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                    So in a push to rely less on international trade and bring more manufacturing onto stateside soil, the president invoked the Defense Production Act in March.
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                    That means the US government will dish out financial support while fast-tracking mining permits. No wonder
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     many traders now expect major movement
                    </a>
                    from American infrastructure firms.
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                    If you’re one of them, you could consider
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     Direxion’s Daily Industrials Bull 3X Shares (DUSL)
                    </a>
                    : the fund seeks to deliver 300% of the daily performance of the Industrials Select Sector Index, before fees and expenses.
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                    So if you’re confident about the future of American industrials, from machinery to transportation infrastructure and construction, you could
                    <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                     triple your conviction with Direxion
                    </a>
                    .
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              </h4>
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              </p>
              <p data-block-key="ay96r" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What’s going on here?
               </b>
              </p>
              <p data-block-key="4mbgh" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               OpenAI is negotiating a “secondary share sale” where staff and alumni can cash out: a move to reward talent and spotlight a bigger valuation at the same time.
              </p>
              <p data-block-key="4qint" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                What does this mean?
               </b>
              </p>
              <p data-block-key="c9c3l" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               This kind of sale gives current and former employees an opportunity to sell their shares (remember, OpenAI is a private company), often at a significant premium. That could help keep top talent happy where they are – at a time when rivals like Meta are dangling nine-figure paychecks.
              </p>
              <p data-block-key="b3jui" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               The deal would value OpenAI at $500 billion, up from $300 billion earlier this year. That’d push the startup even further up the ranks of the world’s most valuable companies, without the hassle of going public.
              </p>
              <p data-block-key="4l5nq" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                Why should I care?
               </b>
              </p>
              <p data-block-key="9go3v" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For markets:
                </i>
               </b>
               <i>
                No profit, no problem.
               </i>
              </p>
              <p data-block-key="amqtb" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               – A $500 billion valuation might sound wild, especially since OpenAI
               <i>
                lost
               </i>
               $5 billion last year. But that’s the AI sector for you: companies are rewarded for planting seeds, rather than picking fruit… if you’re with us. (Fruit’s money, alright?)
              </p>
              <p data-block-key="5iegi" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               – And you have to admit, OpenAI has sown some good ones. The creator of ChatGPT already has 700 million weekly users – up fourfold from last year – along with a bunch of potential revenue streams, including AI agents, hardware, and enterprise consulting.
              </p>
              <p data-block-key="147hl" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               – Investors aren’t crazy to think that groundwork could pay off. The AI market is expected to be worth $700 billion by 2030 – and owning a slice of that could land OpenAI in the big leagues. (For context, Nvidia makes around $130 billion in revenue a year and is worth about
               <i>
                $4 trillion
               </i>
               .)
              </p>
              <p data-block-key="1cjie" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               <b>
                <i>
                 For you, personally:
                </i>
               </b>
               <i>
                Artificially invested.
               </i>
              </p>
              <p data-block-key="237ks" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
               With OpenAI being private, you can’t buy its shares directly – but you can get
               <a style="text-decoration: underline; font-weight: 500; color: #3C4857;">
                indirect exposure
               </a>
               to the company. You could piggyback through
               <b>
                Microsoft
               </b>
               (its biggest partner and shareholder),
               <b>
                SoftBank
               </b>
               (leading its latest $40 billion fundraiser), or venture funds like
               <b>
                ARK
               </b>
               and
               <b>
                Fundrise
               </b>
               .
               <b>
                Robinhood
               </b>
               also offers tokens that track OpenAI’s valuation, but they carry some extra risks.
              </p>
              <p style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0;">
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               <b>
                You might also like:
               </b>
               <a style="color: #204CE9; text-decoration: underline; font-weight: 500;">
                Why (and how) to invest in OpenAI
               </a>
               .
              </p>
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                  <strong>
                   Copy to share story:
                  </strong>
                  <a class="text-black60 font-normal" style="text-decoration: underline; font-weight: 400; color: #71767B;" target="_blank">
                   https://app.finimize.com/content/talent-show
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                  QUOTE OF THE DAY
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                 <p class="font-heading font-bold text-navy leading-snug mb-2 text-subtitle" data-block-key="cygyq" style="margin-top: 0; font-family: 'Poppins', Helvetica, arial, -apple-system, sans-serif; font-weight: 700; line-height: 1.375; margin-bottom: 8px; color: #0C73EC; font-size: 20px;">
                  "If we open a quarrel between past and present, we shall find that we have lost the future."
                 </p>
                 <span class="text-caption font-normal text-blackLight leading-normal" style="font-weight: 400; line-height: 1.5; color: #3C4857; font-size: 12px;">
                  – Winston Churchill (a British statesman, military officer, and writer)
                 </span>
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                    Thanks for reading this far. We appreciate it more than words can express.
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                    So we'll use merch instead:
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                     enter our giveaway by filling in this quick 20-second survey
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                    , and you could win some free Finimize socks.
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                        🎯 On Our Radar
                       </p>
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                        1.
                        <b>
                         Can you outrun the president?
                        </b>
                        The
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         presidential fitness test
                        </a>
                        is officially back.
                       </p>
                       <p data-block-key="bd31c" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        2.
                        <b>
                         The retirement age is about to drop real quick.
                        </b>
                        Gen Xers might
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         struggle to land a new job
                        </a>
                        .
                       </p>
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                        3.
                        <b>
                         Welcome, the new boss generation.
                        </b>
                        “Speaking to the manager” just took on
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         a whole new meaning.
                        </a>
                       </p>
                       <p data-block-key="9mnal" style="font-size: 16px; line-height: 1.5; color: #283444; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px;">
                        4.
                        <b>
                         Now it’s just… Late Nights alone.
                        </b>
                        Here’s why
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         Stephen Colbert's
                        </a>
                        got cancelled.
                       </p>
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                        5.
                        <b>
                         Join the six-foot-plus club.
                        </b>
                        You can pay to be taller now – but
                        <a style="color: #204CE9; font-weight: 500; text-decoration: underline;">
                         money’s only part of the cost
                        </a>
                        .
                       </p>
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                        🎙 Get 'em while they're free...
                       </p>
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                         <img alt="Modern Investor Summit 2025: December 2nd and 3rd" src="https://inboxflows.com/_/image/https%253A%252F%252Ffinimize-img.imgix.net%252Fhttps%253A%252F%252Fchivas-assets.s3-eu-west-1.amazonaws.com%252Fstatic%252Fimages%252FWei_Li_DN_Footer_2025.original.png%253Ffit%253Dclip%2526h%253DNone%2526ixlib%253Dpython-3.1.2%2526w%253D768%2526s%253Dcac2f30955a26ab48ec138d6d7347cf4/?inbox_flows_img_sig=eyJwYXRoIjoiaHR0cHMlM0ElMkYlMkZmaW5pbWl6ZS1pbSIsInRpbWUiOjE3NTQ1NTM5NjguMzkwNzE3fQ:1ujvdY:0FhBMja40AjMI72KiuJNhAne7pch9_rS4rj2elYJTH8" width="100%"/>
                        </h4>
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                         Modern Investor Summit 2025: December 2nd and 3rd
                        </p>
                       </a>
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                 <td align="left" class="content disclaimer" style="font-size:0px;padding:32px 0 0;word-break:break-word;">
                  <div style="font-family:Helvetica, Arial, sans-serif;;font-size:13px;line-height:1;text-align:left;color:#000000;">
                   <p data-block-key="5ivw3" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    *Direxion's disclosures:
                   </p>
                   <p data-block-key="8m73c" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. Click here to obtain a Fund’s prospectus
                    </b>
                    <b>
                     and summary prospectus or call 866-476-7523. A Fund’s prospectus and summary prospectus should be read carefully before investing.
                    </b>
                   </p>
                   <p data-block-key="62m9b" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments.
                   </p>
                   <p data-block-key="9l9t0" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     Direxion Shares Risks
                    </b>
                    — An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund's concentrating its investments in a particular industry, sector, or geography which can increase volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause prices to fluctuate over time.
                   </p>
                   <p data-block-key="7vi57" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     Leverage Risk -
                    </b>
                    The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. A total loss may occur in a single day even if the Index does not lose all of its value. Leverage will also have the effect of magnifying any differences in the Fund’s correlation with the Index and may increase the volatility of the Fund.
                   </p>
                   <p data-block-key="b42ti" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     Daily Index Correlation Risk -
                    </b>
                    A number of factors may affect the Fund’s ability to achieve a high degree of correlation with the Index and therefore achieve its daily leveraged investment objective. The Fund’s exposure to the Index is impacted by the Index’s movement. Because of this, it is unlikely that the Fund will be perfectly exposed to the Index at the end of each day. The possibility of the Fund being materially over- or under-exposed to the Index increases on days when the Index is volatile near the close of the trading day.
                   </p>
                   <p data-block-key="5o2m9" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     Industrials Sector Risk —
                    </b>
                    Stock prices of issuers in the industrials sector are affected by supply and demand both for their specific product or service and for industrials sector products in general.
                   </p>
                   <p data-block-key="bi1ae" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    Additional risks of the Fund include Effects of Compounding and Market Volatility Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Other Investment Companies (including ETFs Risk), Cash Transaction Risk, and Passive Investment and Index Performance Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund.
                   </p>
                   <p data-block-key="2f55d" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; font-size: 12px; color: #9FA1A5;">
                    <b>
                     Distributor:
                    </b>
                    ALPS Distributors, Inc.
                   </p>
                   <p data-block-key="7h09p" style="line-height: 1.5; font-family: 'Helvetica Neue', Helvetica, arial, -apple-system, sans-serif; margin-top: 0; margin-bottom: 16px; margin: 0; font-size: 12px; color: #9FA1A5;">
                    Finimize is unaffiliated with Direxion or ALPS Distributors, Inc.
                   </p>
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