Enquirica Research is a Calgary based firm focusing on independent analysis of alternative asset classes and investment opportunities in exempt market securities that target investments in western Canada. For copies of Enquirica research register at www.enquirica.com.

1. Traditional Finance Sector Set to Shrink – Exempt Market Dealers to Benefit?<br />October 4, 2010 Calgary<br />Jeremy Grantham, Chairman of the Board of Grantham Mayo Van Otterloo (GMO) with more than US $100 billion under management recently wrote in his letter to institutional shareholders that the financial services industry needs to shrink and historic norms would seem to indicate that it will. According to Grantham the financial services industry accounted for just 3% of US GDP in 1965. By the end of 2007, that had risen to 7.5%. In Grantham’s view quot;
this extra 4.5% would seem to be without material value except to the recipients.quot;
<br />Enquirica tends to agree. We believe that the financial world will naturally evolve into large, extremely low cost indexing tracking products and small, highly specialized providers of alpha. The large, high cost, sub-standard and often unimaginative portion in the middle – bank mutual funds, broker dealers, low value investment advisors etc - will disappear in the more difficult return environment into which we are heading. The days of getting returns and fees for closet indexing are over. <br />Enquirica researches niche investment funds that provide targeted and unique sources of alpha. Such funds are typically off of mainstream advisors’ radar and often raise capital in the exempt markets rather than through tradition mutual fund and broker dealer channels – i.e. your advisor may never of heard of them. We believe that the new breed of advisors – Exempt Market Dealers – have the necessary experience and knowledge of the alternative investment world to thrive in this new era.<br />Enquirica Research is a Calgary based firm focusing on independent analysis of alternative asset classes and investment opportunities in exempt market securities that target investments in western Canada. For copies of Enquirica research register at www.enquirica.com.<br />DISCLAIMER: The opinions, estimates, projections and other information which is contained herein and derived from or attributable to persons other than ENQUIRICA is neither endorsed nor adopted by ENQUIRICA – it is presented for informational purposes only. Further, the opinions, estimates, projections and other information contained herein are not intended and are not to be construed as an offer to sell, or a solicitation to buy any securities, including any exempt market securities, nor shall such opinions, estimates, projections and other information be considered as investment advice or as a recommendation of any exempt market dealer or as a recommendation to enter into any transaction. <br />FORWARD-LOOKING INFORMATION: This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words quot;
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or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by ENQUIRICA, if any, reflect ENQUIRICA’s beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. ENQUIRICA undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.<br />For further information please contact: <br />Enquirica Research Inc. - “independent analysis of alternative asset classes and opportunities in exempt market securities”<br />Email: enquiries@enquirica.com<br />Web: www.enquirica.com<br /> <br />