These securities have not been registered with or approved by the Texas Securities Commissioner and are being offered and sold pursuant to the exemption provided by Section 139.16 of the Rules and Regulations of the State Securities Board. This advertisement was filed with the Texas Securities Commissioner on or about March 7, 1998. These securities are being offered to, and may be purchased by, only those natural persons whose individual net worth, or joint net worth with that person's spouse, at the time of purchase of the securities, exceeds $1 Million or natural persons who have an individual income in excess of $200,000 in each of the two most recent years, or joint income with that person's spouse in excess of $300,000 in each of those years, and who have a reasonable expectation of reaching that same income level in the current year.
The above Texas requirements are the same requirements as those of the Accredited Investor defined under SEC Regulation D Rule 501.