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      &lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"&gt;&lt;b&gt;&lt;u&gt;NOTE

      3 &amp;#8211; New Accounting Pronouncements&lt;/u&gt;&lt;/b&gt;&lt;/font&gt;

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      &lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"&gt;In

      February 2013, the Financial Accounting Standards Board

      issued guidance regarding the reporting of reclassifications

      out of accumulated other comprehensive income. The guidance

      requires entities to provide information about the amounts

      reclassified out of accumulated other comprehensive income by

      component. Significant amounts reclassified out of

      accumulated other comprehensive income that are required

      under U.S. generally accepted accounting principles to be

      reclassified to net income in their entirety in the same

      reporting period must be presented either on the face of the

      statement, where net income is presented, or in the

      footnotes. For amounts that are not required under U.S.

      generally accepted accounting principles to be reclassified

      in their entirety to net income, entities are required to

      cross-reference to other disclosures that are required by

      U.S. generally accepted accounting principles that provide

      additional detail about those amounts. This guidance is

      effective prospectively for reporting periods beginning after

      December 15, 2012. The Company adopted this new guidance as

      of January 1, 2013 with no material impact to the

      consolidated financial statements.&lt;/font&gt;

    &lt;/p&gt;&lt;br/&gt;&lt;p id="PARA2864" style="COLOR: #000000; TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"&gt;

      &lt;font style="FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"&gt;All

      other new accounting standards and updates of existing

      standards issued through the date of this filing were

      considered by management and did not relate to accounting

      policies and procedures pertinent to the Company at this

      time.&lt;/font&gt;

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