TurboSonic Technologies, Inc. -
Fair Disclosure Policy Synopsis
Overview. It is the policy of TurboSonic Technologies, Inc.
("TurboSonic") to fully comply with the SEC’s Regulation FD.
This is a synopsis of our Fair Disclosure policy, which can be read by clicking
here. In brief, our corporate policy is to provide equal access to
information about TurboSonic for all investors.
Authorized spokespersons. Three
persons are authorized to speak to the financial community on behalf of
TurboSonic. They are our Chairman of the Board and CEO, our
President, and our Audit Committee Chairman. From time to time,
TurboSonic may make available other company officers or representatives
to address specific topics and, under such circumstances, it will be
stated that these individuals are speaking on behalf of TurboSonic and
are covered by Regulation FD. Otherwise, no other person is authorized
to speak for TurboSonic, and any communication between an investor and
such person or persons is specifically disclaimed by TurboSonic and
should not be relied upon by the investor.
Communications with TurboSonic. Any investor may contact TurboSonic
at any time and all queries will be dealt with equally.
TurboSonic attempts to respond promptly to telephone and email inquiries.
TurboSonic will not disclose material information in private
conversations; it will not affirm estimates or otherwise provide
guidance. Commencing approximately a week prior to the close of each
quarter until the release of earnings, TurboSonic will maintain a
"quiet period" during which it will restrict comments to
information already in the public domain.
Analyst reports. TurboSonic will comment on analyst reports prior
to publication to the extent that information contained in the report and
assumptions about future financial performance match statements previously
made by TurboSonic. Once analyst reports are published, TurboSonic
disclaims responsibility for or association with them. Except for changes
in guidance given in public forums, TurboSonic will not attempt to
influence analyst estimates. We will not mail or fax analyst reports to
investors.
News dissemination. Material news announcements will be
disseminated via press release on a North American distribution network, and such press releases may be accompanied
by a conference call. We will endeavor to issue all press releases outside
of regular market hours. TurboSonic will make every effort
to ensure that such releases are directed to and reported by the news
media and newswire outlets. An archive of press releases dating back to
1999 is maintained on our corporate web site. We maintain a list of
individuals and firms to which we either fax or e-mail all press releases,
and will add the name of anyone who desires to receive news
releases from TurboSonic in this manner.
We will issue press releases during the quarter when there are material
changes to our business.
We may also issue press releases under the following
circumstances:
- A new product or service is introduced, or a first sale is made of a
new product
- An order is received for an unusually large dollar amount.
- An order is received or a shipment made which represents a milestone
that we think is of interest to the investing public.
Conference calls. Once each quarter we may conduct a conference
call in conjunction with the release of our earnings. The
conference call will be open, in real time, to all investors either by
telephone or by live webcast. During this conference call, we will
endeavor to provide as much information as possible about the results of
our just completed quarter, and about the near-term expectations
for TurboSonic. This conference call will include a question and answer
period, although we reserve the right to restrict the opportunity to ask
questions to analysts and institutional investors. Telephone replays of
conference calls will be available for at least one week; archived
webcasts will be available for at least two weeks.
Advance notice of conference calls. We will endeavor to provide
advance notice of conference calls. However, in the event of the
need to disclose material information apart from regularly
scheduled earnings, such notice may be substantially less than one day.
Investment conferences. TurboSonic accepts invitations to attend
investment conferences and meets with attendees at such conferences
both in group and individual sessions. TurboSonic does not disclose
material information at such conferences except as such information is
being simultaneously disclosed to the broader financial community.
TurboSonic will endeavor to publish a list of forthcoming conferences on
its web site, and time and date of such conferences will be made available
to anyone who requests such information. Some of these conferences may
include a live or archived webcast of our presentation.
Published financial documents. On request, TurboSonic makes
available printed copies of its Annual Report, Annual Report on
Form 10-K, Quarterly Report on Form 10-Q, Proxy, and certain
other SEC documents.
Safe harbor. TurboSonic speaks to investors about forward-looking
subjects under terms of the SEC’s safe harbor provisions. In
communications with investors, TurboSonic may invoke safe harbor language
and detail specific risk factors. In communicating with TurboSonic,
investors should acquaint themselves with these risk factors in advance.
For our complete Fair Disclosure Policy, click
here.
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