Please read the following important legal information before continuing: By using this Web site, you are confirming your agreement to accept CCM’s Terms and Conditions of Use. You should not use this Web site if you do not agree to accept these terms.

1. Copyrights and Restrictions on Use of Materials. The contents of this Web site are protected by applicable copyright laws. No permission is granted to copy, distribute, modify, post or frame any test, graphics, video, audio, software code, or user interface design or logos.

2. Restrictions on Use. You may not, without the prior express written consent of CCM and the consent of third parties whose data is used on this Web site:

* Copy, display, reproduce, republish, upload, post, transmit, or otherwise distribute any of the pages, text, images, material or other content of this Web site.
* Copy, modify, or display any of Carmel Capital Management's name, logo, text, or images in any way.
* Modify or use the pages, text, images, material or other content from this Web site for any other purpose.

Any of the foregoing acts will be a violation of copyrights and other proprietary rights and will subject you to legal action.

3. Limited License. Individuals may, for personal use only, bookmark or point to any page within this Web site. Other users may link only to our homepage (www.carmelcapital.com) and, in doing so, must deliver our homepage address (www.carmelcapital.com). Linking in any other way is prohibited without the prior express written consent of CCM. In any case, CCM is not liable in anyway for any technical or other problems that result from such links.

4. Third Party Content. CCM does not guarantee that the data and information supplied is accurate, complete or timely, or make any warranties or representations regarding any information provided by third parties through this Web site, whether by hyperlink or otherwise. CCM is in no way responsible for the content of any site owned by a third party that may be linked to this Web site via a hyperlink whether such hyperlink is provided by CCM or by a third party. No judgment or warranty is made with respect to the accuracy or suitability of the content of any site to which this site may link, and CCM takes no responsibility therefor. By providing access to other Web sites, CCM is not endorsing or recommending services provided by any other Web site’s sponsoring organization, nor is CCM recommending the purchase or sale of any security issued by any company.

5. Disclaimers. All information and contents of this Web site are furnished “as is” and CCM disclaims, to the fullest extent of the law, any implied or express warranties of any kind including, without limitation, the implied warranties of merchantability, fitness for a particular purpose and non-infringement. Although CCM believes the information contained in this Web site to be accurate and reliable, errors sometimes occur. CCM does not warrant that the information will be free of errors, that the functions contained in the Web site will be uninterrupted, that defects will be corrected, or that the site and servers are free from viruses or other harmful components. Reference to an investment security anywhere on this Web site is not a recommendation to buy, sell or hold that or any other security. If you live in a state that does not allow disclaimers of implied warranties, our disclaimer may not apply to you.

6. Other. Past market and investment performance should not be taken as representative of or a guarantee of future performance. The results for individual accounts or for different periods may vary significantly. Historically, we believe that small and mid-cap stocks have offered greater returns than large cap stocks; however, markets for small and mid cap securities may be more volatile and less liquid than those for larger companies. Investors should carefully consider these risks in the context of their overall objectives, risk tolerance, time horizon, and asset allocation needs. We do not place cookies on your computer when you access this Web site. This Web site is not intended for the use of children under the age of 13.