For purposes of this Disclaimer, the term “Burritt Research” (also “BurrittResearch.com,” “BRI”, “we,” “us”) includes Burritt Research, Inc. and its related companies, subsidiaries, divisions, brands, and websites including without limitation “BurrittResearch.com.”

BRI is strictly a financial research publishing firm (a publisher) and does not provide individual investment advice to its subscribers. BRI is not an investment advisor or a registered securities broker/dealer. For all of its publication services, BRI relies upon the “publishers’ exclusion” from the definition of investment adviser under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, BRI does not offer or provide personalized investment advice.

We publish information about companies in which we believe our readers may be interested and this information reflects our sincere opinions. The information that we provide (or that is derived from our website) is not, and should not be construed in any manner to be, personalized advice. Also, our website and the information provided by us should not be construed by any subscriber or prospective subscriber as a solicitation by BRI to effect, or attempt to effect, any transaction in any security.

The information we publish is based on our opinions plus our statistical and financial data and independent research. Although we make every effort to provide the most accurate and updated information possible, our information cannot take into consideration your personal finances and goals, and therefore is not intended to be used as customized recommendations to buy, hold, or sell securities, or to engage in any trading strategy, or that an investment strategy is suitable for any specific person. Such recommendations may only be made by a personal advisor or broker you select.

Trading in securities (including, without limitation, stocks, options, warrants, ETFs, mutual funds, precious metals, commodities and bonds) is considered speculative and involves risk of loss and volatility. Although the Services make every effort to protect your principal, you can lose money. Therefore they are not for all of your funds. For more information on prudent investing, see also the information available at the websites of the Securities and Exchange Commission at www.sec.gov and the Financial Industry Regulatory Authority at www.FINRA.org. Any money you allocate to speculative investments should be strictly the money you can afford to risk without jeopardizing your daily life, and without negatively impacting your plans for education, retirement, or long-term care.

Most of the information on our website or that we otherwise provide is derived directly from information published by the companies on which we report and/or from other sources we believe are reliable, without our independent verification. Therefore, we cannot assure you that the information is accurate or complete.

The information may contain discussions of, or provide access to, certain positions and recommendations as of a specific date. Due to various factors, including, but not limited to, changing market conditions, such discussions and positions/recommendations may no longer be reflective of current discussions and positions/recommendations. We do not in any way warrant or guarantee the success of nor endorse any action which you take in reliance on the information that we provide or that is derived from our website.

As indicated above, BRI makes no representations nor warranties about the accuracy or completeness of the information contained on or derived from BRI’s website or otherwise provided by BRI. Any links provided to other websites are offered as a matter of convenience and are in no way meant to imply that BRI endorses, sponsors, promotes or is affiliated with the owners of or participants in those sites, or endorses or warrants any information contained on those sites, unless expressly stated.

Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as “projects”, “foresee”, “expects’”, “will,” “anticipates,” “estimates,” “believes,” “understands” or that by statements indicating certain actions “may,” “could,” or “might” occur. There is no guarantee past performance will be indicative of future results. The accuracy or completeness of the information in this newsletter is only as reliable as the sources they were obtained from.

Furthermore, BRI does not endorse, guarantee or warranty any third party products advertised on its site, in its newsletters, in any third party rental of its permission based lists or otherwise referenced in any information provided by BRI or derived from BRI’s website, and BRI expressly disclaims any responsibility and accepts no liability with respect to such information and products.

BRI may receive a fee from a service provider that has a link on BRI’s website or is referenced in the information provided by BRI.

Our personnel (and affiliates) may own positions in and/or trade the securities mentioned in the information that we provide. However, BRI’s policies prohibit all employees of BRI from engaging in any securities transactions that will directly or indirectly compete with the interests of our subscribers that are actually known to BRI. We are not compensated in any way for publishing information about companies mentioned in our reports.

Testimonials may or may not be representative of actual results.


Performance figures are based on actual recommendations made by BRI. Due to the time critical nature of stock and options trading, brokerage fees, and the activity of other subscribers, BRI cannot guarantee that subscribers will be able to mirror the exact performance stated in our track records or promotions.

Performance numbers shown are based on trades subscribers could enter based on our tracking guidelines. Past results are not necessarily indicative of future performance. Therefore, no subscriber or potential subscriber should assume or expect that future performance of any investment or strategy will be profitable or equal historical or anticipated performance levels. The information contained in BRI trading services is intended for use solely by individual subscribers and is not offered to institutional investment organizations.

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading.


To the extent not prohibited by law, each subscriber and potential subscriber agrees, prior to accessing or using BRI’s website or receiving information provided by BRI, to release and hold harmless BRI and its directors, officers, shareholders, employees and agents from any and all liability in connection with accessing or using BRI’s website or receiving information provided by BRI.

In all other cases, BRI’s liability to a subscriber, whether in contract, tort, negligence, or otherwise, shall be limited in the aggregate to direct and actual damages of the subscriber, not to exceed the fees received by BRI from the subscriber.

BRI will not be liable for any consequential, incidental, punitive, special, exemplary or indirect damages resulting directly or indirectly from the use of or reliance upon any material provided by BRI or derived from BRI’s website.

Without limitation, BRI shall not be responsible or liable for any loss or damages related to, either directly or indirectly, (1) any decline in market value or loss of any investment; (2) a subscriber’s inability to use or any delay in accessing BRI website or any other source of material provided by BRI; (3) any absence of material on BRI website; (4) BRI’s failure to deliver or delay in delivering any material or (5) any kind of error in transmission of material. BRI and each subscriber acknowledge that, without limitation, the above-enumerated conditions cannot be the probable result of any breach of any agreement between BRI and the subscriber.




BRI is not affiliated with any brokerage firm and does not endorse or recommend any specific brokerage firm. BRI is not and will not be responsible for any trades made by a broker on the subscriber’s behalf under any circumstances.


Notwithstanding any other agreement or other communications between BRI and Subscriber to the contrary, receipt or use of any material provided by BRI, at any time and through any means, whether directly or indirectly, represents acknowledgement by such person of this disclaimer and agreement with its terms and conditions.


All submissions from outside contributors on BRI’s website are the responsibility of their respective authors, creators, and/or owners. BRI is not responsible for such submissions, and the views and opinions expressed are not necessarily those of BRI.

BRI does not guarantee the accuracy or validity of the submissions. While BRI may use its best efforts to review contributor submissions for form and format before they are posted on its website, BRI does not review or edit these submissions for content.

BRI makes no representations and provides no warranties whatsoever concerning submissions, and the fact that BRI has posted these outside contributions does not constitute an endorsement, authorization, sponsorship, or affiliation by BRI with respect to the author, creator and/or owner of the submissions. BRI expressly disclaims any responsibility and accepts no liability for any information or content provided in these submissions.

Please be advised that submissions may be protected by federal and international copyright or other laws, and your right to reprint, republish, modify, reproduce, or distribute this material may be limited accordingly.


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Permission to use and reproduce documents and related graphics available from this website is granted, provided that: 1. the below copyright notice appears in all copies and that both the copyright and this permission notice appear; 2. use and reproduction of documents and related graphics available from this website is limited to personal, non-commercial use; 3. no documents or related graphics, including logos, available from this website are modified in any way; and 4. no graphics, including logos, available from this website are used separate from accompanying text. Use or reproduction for any other purpose is expressly prohibited by law, and may result in civil and criminal penalties. Violators will be prosecuted to the maximum extent possible.


Notwithstanding any other agreement or other communications between BRI and a subscriber or potential subscriber to the contrary, receiving or using any material provided by BRI or accessing or using BRI’s website, at any time and through any means, whether directly or indirectly, represents acknowledgement by such person of the foregoing legal notices and disclaimers and agreement with their terms and conditions.