ÿþ<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <!-- saved from url=(0043)file://J:\LAVox\2006\Copy%20of%20092006.htm --> <HTML><HEAD><TITLE>Larta VOX June, 2006</TITLE> <META http-equiv=Content-Type content="text/html; charset=iso-8859-1"> <STYLE>DIV.Section1 { page: Section1 } SPAN.style11 { FONT-WEIGHT: bold; COLOR: #330066 } SPAN.GramE { } SPAN.articlehed1 { FONT-WEIGHT: bold; FONT-FAMILY: Verdana } SPAN.articledek1 { FONT-WEIGHT: bold; FONT-STYLE: italic; FONT-FAMILY: Verdana } H1 { FONT-SIZE: 13.5pt; MARGIN: 0in 0in 6.75pt; FONT-FAMILY: "Times New Roman" } span.homebody1 {font-family:Arial; color:black;} H2 { FONT-SIZE: 14pt; MARGIN: 0in 0in 0pt; FONT-FAMILY: Tahoma; TEXT-ALIGN: center; TEXT-DECORATION: underline } </STYLE> <META content="Microsoft FrontPage 5.0" name=GENERATOR></HEAD> <BODY text=#333333 vLink=#000000 aLink=#000000 link=#333333 #FFFFFF bgcolor?> <DIV align=center> <TABLE borderColor=#5276ab height=1734 cellSpacing=0 borderColorDark=#666666 cellPadding=0 width=653 bgColor=#ffffff borderColorLight=#999999 border=1 name="icl"> <TBODY> <TR bgColor=#999999> <TD colSpan=2 height=99> <DIV align=center><FONT face=Arial> <IMG height=115 src="http://www.old.larta.org/oldlarta/lavox/images/img/head_vox1.jpg" width=650></FONT></DIV></TD> <TR align=middle bgColor=#dfcd66> <TD colSpan=2 height=27 bgcolor="#000066"><b> <font face="Arial" color="#FFFFFF" style="font-size: 16pt">June/July 2007 </font> <font face="Arial" color="#FFFFFF">v.9, n.5</font></b></TD></TR> <TR bgColor=#cccccc> <TD vAlign=top borderColor=#5276ab width=478 bgColor=#ffffff height=1590> <DIV align=center> <TABLE height=1695 cellSpacing=5 borderColorDark=#5276ab cellPadding=4 width=478 bgColor=#ffffff borderColorLight=#5276ab border=1><!-- MSTableType="layout" --> <tr> <TD vAlign=top align=middle bgColor=#5276AB height=31 bordercolor="#5276AB"> <DIV align=center> <p style="margin-top: 0; margin-bottom: 0"><b> <font face="Arial" color="#99CCFF" size="4"> Feature Articles</font></b></DIV></TD> </tr> <tr> <TD vAlign=top align=middle height=178> <p align="left"> <span style="font-family: Arial; font-size: 10pt; color: black"> <b> <a href="http://www.old.larta.org/oldlarta/lavox/ArticleLinks/2007/062007_SmallCompanies.asp"> <font color="#5276AB">The Challenge and Opportunity of Innovation: How smaller companies work in a new globalized world</font></a></b></span><font color="#000000"><span style="font-size: 10.0pt; font-family: Arial; line-height: 115%"><br> Innovation has gone beyond being a buzzword. It is now the rallying cry and the cornerstone of development plans drawn up by national governments across the globe.<br> <i> <span style="font-family: Arial; font-size: 10.0pt; line-height: 115%"> <br> This paper was presented at an OECD conferen</span></i></span></font><i><span style="font-size: 10.0pt; font-family: Arial; line-height: 115%"><font color="#000000"><span style="font-family: Arial; font-size: 10.0pt; line-height: 115%">ce on  The Role of SME s &nbsp;in Tokyo, Japan, on June 1st, 2007.</span> For an overview of the conference, please click <a target="_blank" href="http://www.oecd.org/document/24/0,3343,en_2649_201185_38775000_1_1_1_1,00.html"> here</a>.</font></span></i><br> <br> <b> <span style="font-size: 10pt; font-family: Arial; color: black"> <font color="#5276AB"> <a href="http://www.old.larta.org/oldlarta/lavox/ArticleLinks/2007/062007_Cleantech.asp"> <font color="#5276AB">Dollars Turn to Green</font></a><br> </font></span></b> <span style="font-size: 10.0pt; font-family: Arial; line-height: 115%"> <font color="#000000">Venture capitalists like to link various eras with technology trends. There has been the age of hardware, software, the internet, etc.<br> <br> <i>Published in partnership with Innovation Pipeline.</i></font></span></p> <p align="left"><span style="font-style:normal"> <B> <FONT face=Arial color=#000000 size=1> Send comments and submissions to Abigail Pohlman, Larta VOX Editor, at </FONT> <FONT face=Arial color=#314e51 size=1> <A href="mailto:voxeditor@old.larta.org" target=_blank><font color="#000000">voxeditor@old.larta.org</font></A></FONT></B></TD> </tr> <tr> <TD vAlign=top align=middle bgColor=#5276AB height=29 bordercolor="#5276AB"> <b><font face="Arial" color="#99CCFF" size="4"> Announcements</font></b></TD> </tr> <tr> <TD vAlign=top align=middle height=215 bordercolor="#5276AB"> <p align="left"> <span style="font-family: Arial; line-height: 115%"><u> <font color="#003399" style="font-size: 11pt"><b>Larta Institute is Moving! </b></font> </u></span><span style="font-size: 10.0pt; font-family: Arial; line-height: 115%"><font color="#000000"><br> As of July 1st, 2007, Larta Institute's offices will be located at <b>606 S. Olive St., Suite 650</b>, in Downtown Los Angeles! All phone numbers will remain the same. For any questions regarding the move, please call: 213.744.1314.<br> <br> </font><font color="#5276AB"><u><b>Larta's Former President Victor Hwang is announced Kauffman Fellow</b></u></font></span><font color="#000000"><span style="font-size: 10.0pt; font-family: Arial; line-height: 115%; font-style: italic"><br> Kauffman Fellows Program Selects New Members of Class 12 Representing Quality Lineup of Top-Tier Firms. </span> <span style="font-size: 10.0pt; font-family: Arial; line-height: 115%; "> Victor Hwang is currently the Managing Director of T2 Venture Capital.</span><span style="font-size: 10.0pt; font-family: Arial; line-height: 115%; font-style: italic">&nbsp; </span> <span style="font-size: 10.0pt; font-family: Arial; line-height: 115%"> Founded in 1994, the Kauffman Fellows Program is an educational program designed to identify, develop and network future leaders of the venture capital industry globally. During the first ten years of the program alone, Kauffman Fellows led investments of more than $3.6 billion in 417 companies, sparking $10.8 billion in annual revenues and the creation of 42,000 jobs, and since then those numbers have continued to grow exponentially. For more information, visit www.kauffmanfellows.org.</span></font></p> </TD> </tr> <tr> <TD vAlign=top align=middle bgColor=#5276AB height=28 bordercolor="#5276AB"> <DIV align=center> <p style="margin-top: 0; margin-bottom: 0"><B> <FONT face=Arial color=#99CCFF size="4">Tech Sector News</FONT></B></DIV></TD> </tr> <tr> <TD vAlign=top align=middle height=160> <P align=left style="margin-top: 0; margin-bottom: 0"> <font size="2" color="#5276AB"><b><span style="font-family: Arial"> <a target="_blank" href="http://redherring.com/Article.aspx?a=22540&sector=Industries&subsector=VentureCapital"> <font color="#5276AB">Shifting Back</font></a></span></b></font><font color="#5276AB"><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><a target="_blank" href="http://redherring.com/Article.aspx?a=22307&hed=VC+Investment+Down+in+China,+Europe+"><b><font color="#5276AB"><span style="text-decoration: none"> (Red Herring)</span></font></b><font color="#000000"><span style="text-decoration: none"> </span> </font></a><span style="text-decoration: none"><font color="#000000"> <br> </font></span></span></font> <font color="#000000"> <span style="font-size: 10pt; font-family: Arial; text-decoration: none; color: black"> Early-stage drug companies, once shunned, are getting funding again.</span></font><a target="_blank" href="http://www.nytimes.com/2007/03/16/technology/16venture.html?_r=1&ref=technology&oref=slogin"><b><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><font color="#5276AB"><P align=left style="margin-top: 0; margin-bottom: 0"> <font face="Arial" size="2"> <br> </font></font> </span></b> <SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"> <b> <SPAN style="FONT-FAMILY: Arial; color:black; font-size:10pt; text-decoration:none"> <font color="#5276AB"> <a target="_blank" href="http://money.cnn.com/2007/06/15/technology/personaltech/fastforward_pcgrowth.fortune/index.htm"> <font color="#5276AB">Tech's Biggest Trend: Everywhere</font><span style="font-size:10pt; font-family:Arial"><font color="#5276AB"> </font> </span> </a> <a target="_blank" href="http://redherring.com/Article.aspx?a=19806&hed=Hedge+Funds+Move+Into+VC+Turf" style="text-decoration: none"> <span style="font-size:10pt; font-family:Arial"> <font color="#5276AB">(</font></span></a></font></SPAN><font color="#5276AB"><span style=""><SPAN style="FONT-FAMILY: Arial; font-size:10pt">F</SPAN><SPAN style="FONT-FAMILY: Arial; font-size:10pt; text-decoration:none">ortune</SPAN></span><SPAN style="FONT-FAMILY: Arial; color:black; font-size:10pt; text-decoration:none"><a target="_blank" href="http://redherring.com/Article.aspx?a=19806&hed=Hedge+Funds+Move+Into+VC+Turf" style="text-decoration: none; font-size:10pt; font-family:Arial"><font color="#5276AB">)</font></a></SPAN></font></B><font size="2" face="Arial" color="#5276AB"><b><br> </b> </font></span><font color="#000000"> <span style="font-size: 10pt; font-family: Arial; text-decoration: none; color: black"> Nothing is changing IT like the adoption of technology across the developing world. Expect more than two billion PCs worldwide by 2015.</span></font><SPAN style="FONT-SIZE: 10pt; COLOR: black; FONT-FAMILY: Arial"><font color="#5276AB" size="2" face="Arial"><b><br> <BR> </b></font><font color="#5276AB"> <b> <SPAN style="FONT-FAMILY: Arial"> <font color="#5276AB" size="2"> <a target="_blank" href="http://www.businessweek.com/investor/content/jun2007/pi20070619_479099.htm?chan=search"> <font color="#5276AB">Sectors: Will Rising Rates Wreak Havoc?</font><span style="text-decoration: none"><font color="#5276AB"> (Business Week)</font></span></a></font></SPAN><BR> </b> </font></span> <span style="font-size: 10pt; color: black; font-family: Arial">S&amp;P looks at recent history and finds that higher yields tend to ding financials and industrials, while health care and IT hold up better.</span></P></TD> </tr> <tr> <TD vAlign=top align=middle bgColor=#5276AB height=30 bordercolor="#5276AB"> <DIV align=center> <p style="margin-top: 0; margin-bottom: 0"><B> <FONT face=Arial color=#99CCFF size="4">Larta Institute Publications</FONT><FONT style="FONT-SIZE: 16pt" face=Arial color=#99CCFF> </FONT> </B></DIV></TD> </tr> <tr> <TD vAlign=top align=left height=657> <div dir="ltr" align="left"> <span class="661065315-04122006"> <div> <br> <b> <font color="#5276AB" face="Arial"> <a target="_blank" href="http://www.old.larta.org/Veda/FTFG/Final%20FTFG.pdf"> <img border="0" src="http://www.old.larta.org/veda/FTFG/FTFG-Cover-2006.jpg" align="left" hspace="7" width="125" height="156"></a></font><font face="Arial" size="2"><a target="_blank" href="http://www.old.larta.org/Veda/FTFG/Final%20FTFG.pdf"><font color="#5276AB">The 2006 Federal Technology Funding Guide</font></a><font color="#5276AB"> <br> Now Available!</font></font></b><font face="Arial" color="#333333" size="2"><br> </font><font face="Arial" color="#000000" size="2">Larta Institute's annual&nbsp;publication is recognized as the nation's leading survey on Federal technology funding opportunities.&nbsp;<em><span class="467183922-01122006">The 2006 </span>Federal Technology Funding Guide</em></font><span class="467183922-01122006"><font face="Arial" color="#000000" size="2"><em>: Navigating Government Programs Supporting Innovation in R&amp;D and&nbsp;</em></font><font face="Arial" color="#333333" size="2"><font face="Arial" size="2"><span class="731045215-04122006"><em><font color="#000000">B</font></em></span></font><font face="Arial" color="#000000" size="2"><em>eyond,&nbsp;</em></font></font></span><font face="Arial" color="#333333" size="2"><font face="Arial" color="#000000" size="2">provides detailed information on Federal funding processes, programs, </font> <font color="#000000">and&nbsp;<span class="381273000-02122006">tips on applying for&nbsp;</span>government</font><font face="Arial" color="#000000" size="2"> R&amp;D money. </font> <br> <br> </font><font face="Arial" color="#000000" size="2">T</font><span class="467183922-01122006"><font face="Arial" size="2"><font color="#000000">he 2006 edition marks the 10th anniversary of the Guide!! Larta Institute is proud to&nbsp;bring this useful resource to&nbsp;innovators. This year, and thanks to the support of the Kauffman Foundation, we are able to make the Guide available&nbsp;at no cost to the public.&nbsp;&nbsp;To download the Guide please click </font><font color="#333333"> <a target="_blank" href="http://www.old.larta.org/Veda/FTFG/Final%20FTFG.pdf"> <font color="#000000">here</font></a></font><font color="#000000">.</font></font></span><div> <span class="774384417-05122006"> <span class="635431620-04122006"> <font face="Arial" color="#000000" size="2">You can also download the Guide at&nbsp;the Kauffman Foundation site for entrepreneurs, </font> <font face="Arial" color="#333333" size="2"> <a href="http://www.eVenturing.com"> <font color="#000000">www.eVenturing.com</font></a></font><font face="Arial" color="#000000" size="2">. </font></span></span></div> </div> </span></div> <P style="margin-top: 0; margin-bottom: 0"> <br> <FONT color=#5276ab face="Arial" size="2"><STRONG><FONT size=3><A href="http://www.old.larta.org/ecommerce/Shop/default.asp?MajorCategory=Reports" target=_blank><font color="#5276AB">Purchase other reports for only $99</font></A></FONT></STRONG></FONT><br> <FONT face=Arial color=#333333 size=2><BR><B> <IMG height=132 hspace=8 src="http://www.old.larta.org/oldlarta/lavox/images/img/img_university2.gif" width=116 align=right vspace=4></B><STRONG><A href="http://www.old.larta.org/ecommerce/Shop/MnCatalogDetail.asp?ProductID=UTechTrans&amp;MajorCategory=Reports%20" target=_blank><FONT color=#5276ab>University Tech Transfer: Licensing Intellectual Property from Universities&nbsp;</FONT></A></STRONG><BR></FONT> <FONT face=Arial color=#000000 size=2>Universities are among the best sources of intellectual property. This white paper from Larta Institute includes approaches for finding and accessing university research, recommendations for avoiding potential pitfalls when licensing university IP, suggestions for successfully negotiating university tech transfer agreements, and illustrations of typical licensing terms and types of licenses.</FONT><FONT face=Arial color=#333333 size=2>&nbsp;<BR><B><BR></B></FONT><B><FONT face=Arial color=#5276ab size=2> <IMG height=132 hspace=8 src="http://www.old.larta.org/oldlarta/lavox/images/img/img_intellectual3.gif" width=116 align=left vspace=4></FONT></B><FONT color=#333333 size=2><A href="http://www.old.larta.org/ecommerce/Shop/MnCatalogDetail.asp?ProductID=IPWirelessStrategies&amp;MajorCategory=Reports%20" target=_blank><STRONG><FONT face=Arial color=#5276ab>Intellectual Property Strategies for Wireless Technologies</FONT></STRONG></A></FONT><FONT face=Arial color=#5276ab size=2>&nbsp;</FONT><FONT face=Arial color=#000000 size=2><BR>It is vital for startup companies involved with wireless technologies to employ sound intellectual property strategies within the context of FCC regulations. A new Larta Institute white paper, Intellectual Property Strategies for Wireless Technologies, details IP strategies while addressing considerations for obtaining FCC approval.</FONT></P></TD> </tr> <tr> <TD vAlign=top align=middle bgColor=#5276AB height=18 bordercolor="#5276AB"> <DIV align=center> <p style="margin-top: 0; margin-bottom: 0"> <FONT face=Arial color=#99CCFF size="4"><STRONG>Other Upcoming Industry Events</STRONG></FONT></DIV></TD> </tr> <tr> <TD vAlign=top align=left height=292 width="456"> <p><b><font color="#5276ab" face="Arial" size="2">&gt;&gt; June 28:<br> </font><font color="#000000" face="Arial"> <span style="font-size: 10pt; font-family: Arial"> <a target="_blank" href="http://www.acteva.com/booking.cfm?bevaid=126204&qoanswer141102=Promo"> <font color="#000000">Under the Radar: Entertainment &amp; Media</font></a></span></font><font color="#5276ab" face="Arial" size="2"><br> </font></b><font face="Arial" color="#000000"> <span style="font-size: 10pt; font-family: Arial">The Under the Radar conference is your chance to meet the startups who are shaping the future of entertainment and media. Are you a dealmaker looking to partner with, invest in, acquire or just get a sense of who the new startup contenders will be? Under the Radar showcases the future leaders of innovation - startups with next big idea, seasoned management teams and pedigrees that get the blogosphere buzzing. LARTA members save $100 by registering <a target="_blank" href="http://www.acteva.com/booking.cfm?bevaid=126204&qoanswer141102=Promo"> <font color="#000000">here</font></a>.</span></font><b><font color="#5276ab" face="Arial" size="2"><br> <br> &gt;&gt; June 28:</font></b><span style="font-size: 10pt; font-family: Arial"><font face="Arial" color="#000000"><br> <b><font color="#000000"> <a target="_blank" href="http://www.cabizbio.org"> <font color="#000000">California's Bioscience Community: Building on the Foundation</font></a></font></b></font></span><font face="Arial" size="2"><br> </font> <font face="Arial" color="#000000"> <span style="font-size: 10pt; font-family: Arial">Join some of California's top bioscience, business and venture capital experts to discuss the future of the bioscience industry in the Golden State at the Millennium Biltmore Hotel in Los Angeles.<br> </span></font><b><font color="#5276ab" face="Arial" size="2"> <br> &gt;&gt; August 17-20:</font></b><span style="font-size: 10pt; font-family: Arial"><font face="Arial" color="#000000"><br> <b><a target="_blank" href="http://www.hermesllc.com"> <font color="#000000">115th APA Annual Convention</font></a></b><br> HERMES LLC has announced that their&nbsp;workshop, Initiating and Engaging Black Community-based Organizations in Mental Health Research Partnerships, has been<span style="font-family: Arial; font-size: 10pt"> </span>accepted<span style="font-family: Arial; font-size: 10pt"> </span>as part of&nbsp;the Continuing Education Program at the 115th APA Annual Convention in San Francisco, California, August 17-20, 2007.&nbsp;The company has developed tools to assist mental health clinical trial researchers and coordinators to increase minority study participation through community partnerships.&nbsp;HERMES is an NIH SBIR Phase II grantee and a participant in Larta's NIH CAP program. For more information contact Danielle Laborde, PhD, <a title="mailto:dlaborde@hermesllc.com" style="font-size: 10pt; font-family: Arial" href="mailto:dlaborde@hermesllc.com"> <font color="#000000">dlaborde@hermesllc.com</font></a>, 919-293-0138</font></span><p><b> <font color="#5276ab" face="Arial" size="2">&gt;&gt; October 2:</font></b><font face="Arial" size="2" color="#000000"><br> <b><u>2nd Annual Entrepreneur Conference</u></b></font><font face="Arial" size="2"><br> </font> <font face="Arial" color="#000000"> <span style="font-size: 10pt; font-family: Arial">The College of the Canyons is establishing an Advanced Technology Business Incubator and will be hosting&nbsp;their 2nd annual&nbsp;Entrepreneur Conference on October 2 with the goal of&nbsp;attracting entrepreneurs, investors, prospective mentors, students from local college and university entrepreneur programs&nbsp;and anyone interested in the entrepreneurial process.</span></font></TD> </tr> </TABLE></DIV></TD> <TD vAlign=top borderColor=#5276ab width=170 bgColor=#f6f1d4 height=1590> <TABLE height=1839 cellPadding=5 width=151 align=center> <TBODY> <TR> <TD vAlign=top height=127> <DIV align=center> <img border="0" src="http://www.old.larta.org/oldlarta/lavox/images/img_vox2007.gif" width="148" height="111"></DIV></TD></TR> <TR> <TD vAlign=top height=176> <P align=center><FONT face=Arial> <A href="http://larta.blogspot.com/" target=_blank> <IMG height=160 src="http://www.old.larta.org/oldlarta/lavox/images/img/blogad1.jpg" width=140 border=0></A></FONT></P></TD></TR> <TR> <TD vAlign=top height=51> <P align=center><FONT face=Arial><A href="http://www.marketwire.com/" target=_blank> <IMG height=36 src="http://www.old.larta.org/oldlarta/lavox/images/MarketWire.gif" width=140 border=0></A></FONT></P></TD></TR> <TR> <TD vAlign=top height=70> <P align=center><FONT face=Arial> <A href="http://www.americanventuremagazine.com/" target=_blank> <IMG height=50 src="http://www.old.larta.org/oldlarta/lavox/images/img/American-Venture-Magazine.gif" width=140 border=0></A></FONT></P></TD></TR> <TR> <TD align=middle bgColor=#5276AB height=51><STRONG><FONT face=Arial color=#ffffff size=4>About Larta </FONT></STRONG></TD></TR> <TR> <TD vAlign=top bgColor=#CCCCCC height=488> <P align=left><FONT face=Arial size=1><font color="#000000"><B>Larta Institute<BR></B></font><I><font color="#000000"><b>Connecting People to Drive Innovation<BR><BR> </b> </font></I><b><font color="#000000">We manage the nation's largest innovation pipelines. </font> </b> </FONT> <b> <FONT face=Arial color=#000000 size=1>Larta Institute is a professional services firm providing entrepreneur training, commercialization, and technology transfer services for governments, companies, and universities. <BR><BR>The core of Larta's mission is to&nbsp;facilitate deal making between&nbsp;qualified suppliers of technology and corporations seeking outside sources of technologies as well as investors seeking investment opportunities.<BR><BR>We accelerate the transition of cutting-edge technologies to the marketplace by connecting innovators to investors and companies. Our programs leverage our extensive network of relationships and resources. Since 1993, companies helped by Larta Institute have raised over $1.5 billion in capital. Our programs serve thousands of businesspeople each year. Our electronic magazine on business innovation is read by over 25,000 people. </FONT></b></P></TD></TR> <TR> <TD vAlign=top bgColor=#CCCCCC height=284> <P align=left><FONT face=Arial size=1><A href="http://www.old.larta.org/" target=blank> <FONT size=2 color="#000000"><STRONG>www.old.larta.org</STRONG></FONT></A><font color="#000000"><b> <BR><BR></b><STRONG>Los Angeles Office:</STRONG><b><BR>606 S. Olive Street<BR>Suite 650 Los Angeles, CA 90016<BR>Tel: (213) 744-1314 <br> Fax: (213) 744-1791</b></font></FONT></P> <P align=left><FONT face=Arial size=1 color="#000000"><STRONG>Washington DC Office:</STRONG><b><BR>c/o Kelly, Anderson &amp; Associates<BR>424 North Washington Street<BR>Alexandria, VA 22314 (703) 740-8330 </b> </FONT></P> <P align=left><FONT face=Arial size=1 color="#000000"><STRONG>Chicago, IL Office:</STRONG><b><BR>3518 N. Reta Avenue #1<BR>Chicago, IL 60657</b></FONT></P></TD></TR> <TR> <TD vAlign=top bgColor=#CCCCCC height=78><B><FONT face="Georgia, Times New Roman, Times, serif" color=#000000><U><FONT style="FONT-SIZE: 11pt" face=Arial>Sponsorship</FONT></U></FONT><FONT style="FONT-SIZE: 11pt" face=Arial color=#000000>: </FONT></B><FONT style="FONT-SIZE: 9pt" face=Arial color=#000000>To sponsor VOX, Larta events or publications, contact <b> <a href="mailto:cgutierrez@old.larta.org"><font color="#000000">Carlos Gutierrez<SPAN style="TEXT-DECORATION: none"> </SPAN> </font> </a></b></FONT></TD></TR> <tr> <TD vAlign=top height=338> <P align=center><FONT face=Arial> <A href="http://www.belaydevelopment.com/" target=_blank> <IMG height=320 src="http://www.old.larta.org/oldlarta/lavox/images/belay.png" width=140 border=0></A></FONT></P></TD> </tr> <TR> <TD vAlign=top bgColor=#f6f1d4 height=154> <P align=center>&nbsp;</P></TD></TR></TBODY></TABLE></TD></TR></TBODY></TABLE></DIV> <P>&nbsp;</P></BODY></HTML>