First Spring

Scopia Capital LLC is a New York based firm that provides investment management with a long/short, value driven, market-neutral approach, as well as long only investment management to institutional investors. The company was founded in 2001 by Matt Sirovich and Jeremy Mindich. We believe that our investment style is unusual in that we combine fundamentally focused, deep due diligence and a concentrated portfolio of high conviction long and short positions with the discipline of market neutrality. As of November 30th 2010, Scopia had $1.6 billion in assets under management and an outstanding team of 24 employees. Our management company has been registered as an investment adviser with the Securities and Exchange Commission since 2003. For further information please contact (212 ) 370-0303 or email us at investors@scopiacapital.com.

As a market-maker in the purchase and sale of exotic currencies in developing countries, Emerging Markets, Ltd, based in New York's financial district, executes transactions throughout the developing world.The company, formed by highly qualified professionals, provides specialized expertise in currency markets. Clients include the US Government, blue-chip multinational corporations, international charitable organizations ( NGO ) and commercial and investment banks that are active in the foreign exchange markets of the devoloping countries of the world.Emerging Markets, Ltd is a private equity fund, and a registered Money Service Business ( MSB ) in compliance with all Federal regulations. Founded in 1993, Emerging Markets, Ltd continues to provide hard currency liquidity for blue-chip multinational corporations, and local currency funding for the Embassies of the United States Government and prestigious charitable organizations.Since 1994, Emerging Markets, Ltd has been approved by the U.S. Government, U.S. Department of State, and the Department of Treasury to provide foreign currency services.Over the years our client base has continued to expand to include many of the most prominent blue-chip multinational companies and international charitable organizations throughout the United States, Canada and Europe.Exchange transactions executed by Emerging Markets, Ltd are structured to allow our clients to execute cross-border currency swaps. As broker, adviser and principal in these transactions, Emerging Markets, Ltd uses currency swaps because they are inherently the most efficient. Cost and risk are minimized. The structure saves time and money for our clients.Emerging Markets, Ltd is dedicated exclusively to currency swaps and exposure management in illiquid or regulated foreign exchange markets. Our research into the economic and political forces at work in currency markets of developing countries provides intelligence critical to anticipating the near term direction of currencies. The officers of the company traveled to more than 50 countries throughout Latin America, the Caribbean, the Middle East and Africa to develop, refine and maintain this focus.Emerging Markets, Ltd advises The U.S. Department of State, NGO's, charitable organizations and multinational corporations on the most effective and cost efficient methods to exchange funds throughout the developing countries of the world. It advises on financial markets and how market participants may obtain optimal exchange rates in the most efficient methods.Emerging Markets Limited corporate office is only a few short blocks from what is now known as Ground Zero of the terrorist attacks on September 11, 2001. Our memory of that horrific event demands that we do all we can to ensure that our business is impenetrable to criminals and those that wish to harm us. Therefore, we are proud to advise our clients and our potential clients that we rigidly follow the letter and spirit of all United States and New York State anti-laundering laws and regulatory requirements.