MISSION STATEMENT

Additionally, we seek to provide the financial and legal community with professional analysis and advice on complex financial, personnel and business matters related to corporate governance, integrity assurance, and shareholder protection.

Yake & Associates, Inc. specializes in identifying retailers that place their shareholders at inordinate risk through "business abuse." Our primary service is to provide ongoing due diligence, monitoring retail companies to protect shareholder value.

WHAT IS ONGOING DUE DILIGENCE?

Typically, financial advisors conduct due diligence at the time of a financial transaction to assure investors that there are no improprieties, material misstatements, or other unfavorable factors that exist pre-transaction. Most financial investors, however, need to be protected over a longer period of time; in fact, throughout the duration of their investment.

Yake & Associates, Inc.'s ongoing due diligence program provides timely information that reveals any developing improprieties that would adversely affect shareholder value. The due diligence process must take into account the fact that distorted inventory figures have a significant impact on the real worth and profitability of the business.

WHY IS ONGOING DUE DILIGENCE ESSENTIAL?

While the initial due diligence research provides a "snapshot" of a company's present condition, ongoing due diligence provides a continuous view of the company's operating philosophy, behavior and performance. The information obtained through ongoing due diligence enables shareholders to take appropriate action to mitigate their risk, before it is too late.

OUR APPRAOCH

Until now there has been no one that has the means or the experience in the industry to corroborate the representations made to the investment community by senior management. Traditional stock analysts are limited in their perspective by a lack of verifiable information coming from within the organization. The typical investor will never ask a retailer what their shrinkage is. Even if they do ask, they have no way of knowing if the number is realistic, meaningful for future expectations of company performance, or if it is indicative of fraud.

Yake & Associates, Inc. has developed methods to "drill down" through the layers of veneered information put out by senior management that is pre-scripted, guarded and will always shed the best light on the situation. Additionally, Yake & Associates, Inc. analyzes the shrink figure for its truth, accuracy and meaning to the investor. We identify trends that are significant indicators of a retail business headed towards failure. Our correlations will always include an analysis against industry trends and an analysis of reliability based upon our knowledge of the industry.

Surplus wealth is a sacred trust which its possessor is bound to administer in his lifetime for the good of the community.

It is an old maxim of mine that when you have excluded the impossible, what remains, however improbable, must be the truth.

We are inclined to believe those whom we do not know because they have never deceived us.