Investor alert: Morgan Singleton Associates

Morgan Singleton Associates is not authorised by Finansinspektionen (the Swedish Financial Supervisory Authority) and is therefore not entitled to provide financial services.

Morgan Singleton Associates has a website (www.morgansingleton.com) using the following address: PO Box 62889, Seattle, Washington, 98381-1926, USA.

Morgan Singleton Associates' representatives contact investors by telephone and offer to buy their holdings of shares in an OTC company, Phoenix Biologicals.