Effective Date:
These notices were last updated on February 11, 2005

Privacy Notice

For Clients of Mitchell Freedman Accountancy Corporation

This Privacy Notice applies to clients of the Mitchell Freedman Accountancy Corporation ("MFAC"), a company that is licensed by the California Board of Accountancy and provides accountancy and business management services. It is important to MFAC that its clients are aware of its privacy policy. Accountancy firms, like all companies who receive personal financial information pertaining through their provision of services to customers, are required by law to inform their clients, in writing, of their policies regarding privacy of client information. Accountancy firms like MFAC have been and continue to be bound by professional standards of confidentiality that are even more stringent than those required by the recently enacted federal privacy laws. When appropriate, MFAC is referred to below as "we".

We collect nonpublic personal information about you from the following sources:

We do not disclose any nonpublic personal information about our clients or former clients to anyone, except as permitted or required by law. For example, we may disclose certain items of personal information we collect, as described above, with our affiliated company, MFAC Financial Advisors, Inc. Additionally, we may need to discuss your personal information with others, such as your banker or attorney, in order to provide services to you. Furthermore, in limited situations, we may need to provide certain information to unrelated third parties who need to know that information to assist us in providing services to you. In all such situations, we stress the confidential nature of information being shared.

We restrict access to nonpublic personal information about you to our employees and agents who need to know that information in order to provide services to you. We maintain physical, computer, and procedural safeguards to guard your nonpublic personal information.

If you have any questions about this Privacy Notice, please discuss such questions with us because your privacy, our professional ethics, and the ability to provide you with quality financial services are very important to us. MFAC Financial Advisors,Inc. Privacy Notice

Privacy Notice

For Clients of MFAC Financial Advisors, Inc.

This Privacy Notice applies to clients of MFAC Financial Advisors, Inc. ("MFAC-FA"), a company that is licensed as an investment adviser with the California Department of Corporations and provides investment advisory services. It is important to MFAC-FA that its clients are aware of the firm's privacy policy. Financial advisers, like all companies who receive personal financial information pertaining to their provision of services to customers, are required by law to inform their clients, in writing, of their policies regarding the privacy of client information. When appropriate, MFAC-FA is referred to below as "we."

We collect nonpublic personal information about you from the following sources:

We do not disclose any nonpublic personal information about our clients or former clients to anyone, except as permitted or required by law. For example, we may disclose certain items of personal information we collect, as described above, with our affiliated company, Mitchell Freedman Accountancy Corporation. Additionally, we may share a limited amount of information about you with a brokerage firm in order to execute securities transactions on your behalf. We may also need to discuss your personal information with others, such as your banker or attorney, in order to provide services to you. Furthermore, in limited situations, we may need to provide certain information to unrelated third parties who need to know that information to assist us in providing services to you. In all such situations, we stress the confidential nature of the information being shared.

We restrict access to nonpublic personal information about you to our employees and agents who need to know that information in order to provide services to you. We maintain physical, computer, and procedural safeguards to guard your nonpublic personal information.

If you have any questions about this Privacy Notice, please discuss such questions with us because your privacy, our professional ethics, and the ability to provide you with quality financial services are very important to us.