Taglich Brothers – RESEARCH DEPARTMENT

Companies Covered by John Nobile

	Flexible Solutions International, Inc. Symbol: FSI Rating: Speculative Buy Price Target: $3.50 Time Frame: 12 Months Analyst: John Nobile Rating Established: December 13, 2011 Price When Established: $2.60

	INX, Inc. Symbol: INXI Rating: Suspended Price Target: NA Time Frame: 12 Months Analyst: John Nobile Rating Established: January 3, 2012 Price When Established: $8.74

	Navidea Biopharmaceuticals Symbol: NAVB Rating: Speculative Buy Price Target: $3.00 Time Frame: 12 Months Analyst: John Nobile Rating Established: November 18, 2011 Price When Established: $2.26

	Orchids Paper Products Company Symbol: TIS Rating: Speculative Buy Price Target: $18.50 Time Frame: 12 Months Analyst: John Nobile Rating Established: November 30, 2010 Price When Established: $13.13

	Pinnacle Data Systems, Inc. Symbol: PNS Rating: Suspended Price Target: NA Time Frame: NA Analyst: John Nobile Rating Established: January 31, 2012 Price When Established: $2.39

	Profire Energy, Inc. Symbol: PFIE Rating: Buy Price Target: $1.80 Time Frame: 12 Months Analyst: John Nobile Rating Established: January 23, 2012 Price When Established: $1.24

	Quadrant 4 Systems Corporation Symbol: QFOR Rating: Speculative Buy Price Target: $0.50 Time Frame: 12 Months Analyst: John Nobile Rating Established: March 11, 2011 Price When Established: $0.40

	RX Gold & Silver Inc. Symbol: RXEXF Rating: Not Rated Price Target: NA Time Frame: NA Analyst: John Nobile Rating Established: September 28, 2011 Price When Established: $0.42

	UFP Technologies, Inc. Symbol: UFPT Rating: Speculative Buy Price Target: $18.00 Time Frame: 12 Months Analyst: John Nobile Rating Established: June 13, 2011 Price When Established: $16.15

	Williams Controls, Inc. Symbol: WMCO Rating: Speculative Buy Price Target: $12.00 Time Frame: 12 Months Analyst: John Nobile Rating Established: January 24, 2006 Price When Established: $11.88

The information and statistical data contained herein have been obtained from sources which we believe to be reliable but in no way are warranted by us as to accuracy or completeness. We do not undertake to advise you as to change in figures or our views. This is not a solicitation of any order to buy or sell. We, our affiliates, and any officer, director or stockholder, or any member of their families, may have a position in and may from time to time purchase or sell any of the above-mentioned or related securities.

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Taglich Brothers – RESEARCH DEPARTMENT

Companies Covered by John Nobile

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