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   &lt;div align="justify" style="font-size: 12pt; margin-top: 12pt"&gt;&lt;b&gt;(9)&lt;/b&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&lt;b&gt;NEW ACCOUNTING PRONOUNCEMENTS&lt;/b&gt;
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   &lt;div align="justify" style="font-size: 12pt; margin-top: 12pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;We adopted the following new accounting standards during the quarter ended March&amp;#160;31, 2010 and
   the impact of such adoption, if applicable, has been presented in the accompanying condensed
   consolidated financial statements.
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   &lt;div align="justify" style="font-size: 12pt; margin-top: 12pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In January&amp;#160;2010, the FASB issued an update to its guidelines in FASB ASC 820, &lt;i&gt;&amp;#8220;Fair Value
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   including the fair value measurement of liabilities. The guidance was effective for interim and
   annual reporting periods beginning after December&amp;#160;15, 2009. We have evaluated the updated ASC and
   have determined that it does not impact our results of operations or financial position.
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   &lt;div align="justify" style="font-size: 12pt; margin-top: 12pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In June&amp;#160;2009, the FASB issued an update to its guidelines in FASB ASC 810, &lt;i&gt;&amp;#8220;Consolidations&amp;#8221;&lt;/i&gt;,
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   controlled through voting (or similar rights) should be consolidated. The guidance is effective
   for fiscal years beginning after November&amp;#160;15, 2009. We have evaluated the updated ASC and have
   determined that it does not impact our results of operations or financial position.
   &lt;/div&gt;
   &lt;div align="justify" style="font-size: 12pt; margin-top: 12pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In December&amp;#160;2009, the FASB issued an update to its guidelines in FASB ASC 860, &lt;i&gt;&amp;#8220;Transfers and
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   securitization transactions, and where companies have continuing exposure to the risks related to
   transferred financial assets. It eliminates the concept of a &amp;#8220;qualifying special purpose entity,&amp;#8221;
   changes the requirements for derecognizing financial assets, and requires additional disclosures.
   The new guidelines are effective for fiscal years beginning after November&amp;#160;15, 2009. We have
   evaluated the updated ASC and have determined that it does not impact our results of operations or
   financial position.
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   &lt;div align="justify" style="font-size: 12pt; margin-top: 12pt"&gt;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;&amp;#160;In April&amp;#160;2009, the FASB issued an update to its guidelines in FASB ASC 825, &lt;i&gt;&amp;#8220;Financial
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   June&amp;#160;15, 2009. We have evaluated the updated ASC and have determined that it does not impact our
       results of operations or financial position.
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
 -Publisher AICPA
 -Name Accounting Principles Board Opinion (APB)
 -Number 28
 -Paragraph 23, 24

Reference 3: http://www.xbrl.org/2003/role/presentationRef
 -Publisher SEC
 -Name Regulation S-X (SX)
 -Number 210
 -Section 01
 -Paragraph b
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