Investment in new business carries high risks as well as the possibility of high rewards. It is highly speculative and potential investors should be aware that no established market exists for the trading of shares in private companies. Before investing in a project about which information is given, potential investors are strongly advised to take advice from a person, authorised under the Financial Services and Markets Act 2000 (“FSMA”), who specialises in advising on investments of this kind. Neither Investors Forum or the Tyne and Wear Enterprise Trust Limited (“Entrust”) can advise on the merits or risk of investment and is not authorised to arrange transactions or approve financial promotions under FSMA. Entrust is an exempt body for the purposes of arranging deals in investments under statutory instrument 1201 of 2001 as a non-profit making organisation. This bulletin has not been approved by an authorised person within the meaning of FSMA and has been circulated by Entrust in its capacity as an exempt person for the purposes of Article 16 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005.