Robert A. Duncan

Founded by Bufus Outlaw in 1997, BOE Securities, Inc. is a private, value-based SEC-registered brokerage firm located in Philadelphia, Pennsylvania. The firm is a subsidiary of the BOE Group, Inc. They are affiliated with BOE Research Private Ltd., which is located in Mumbai, India. BOE Securities is a member of FINRA, the NASD and SPIC. BOE Securities provides research services to institutional investors. Their research products and services are designed for use by chief investment officers, portfolio managers and financial analysts. The firm can function as an off-site research department for firms or simply as an input into their clients' proprietary investment processes. BOE Securities' quantitative research is produced on a weekly basis. They provide weekly ratings on U.S. large-cap stocks based on a variety of investment styles including value, growth, GARP and momentum. The firm serves as an introducing broker to Goldman Sachs Executions and Clearing LP. BOE's research team covers over 500 stocks, producing 4 annual reports on each company. Their research methodology combines top-down and bottom-up analysis and seeks to provide clients with key information required to determine the real value of a company. The firm begins with rigorous fundamental analysis that incorporates economic, industry and company data which results in forecast assumptions of a stock and its sector. BOE Securities scrutinizes all publicly-available information including SEC Filings and company transcripts and examines each company's customers, suppliers and competitors to gain overlooked insights into a company. They determine each company's intrinsic value by: (1) modeling the company's future earnings (2) understanding the company's cash flow and the forces which impact it and (3) providing a consistent, disciplined valuation framework based on discounted free cash (DCF). BOE Securities also looks at the relative valuation of each security, assessing current and historical metrics, as well as industry comparables. The combined valuation methods determine whether a stock is fairly valued and if the market has fully incorporated all relevant news into the share price. The firm's economic profit analysis provides the key information needed to determine each company's ability to create wealth for shareholders. BOE Securities uses economic data as a basis for constructing and evaluating asset valuations relative to returns on those assets. Finally, BOE Securities continuously monitors the stocks on their coverage universe, with emphasis on the key valuation drivers, and seeks to identify events which may impact stock value over time. BOE Securities offers quantitative equity research ratings on 4,000 companies. Their quantitative ratings are based on an advanced academic study of investor behavioral biases that cause the mispricing of securities. The firm's reports consist of buy alerts and sell alerts highlighting the most critical, action items. BOE Securities scores stocks according to a 4-point system that incorporates long-term contrarian factors and short-term momentum factors including: (1) PE to Growth (PEG) rankings (2) fundamental momentum, based on estimate revisions (3) relative strength and (4) shareholder value creation as based on earnings above the cost of capital. By summarizing this data into a weighted, back-tested composite score, BOE Securities then ranks the equities according to their alpha-generating abilities. Their process enables them to quantitatively grade any security from which they develop alerts and reports.

Minnesota State Academy for the Blind Foundation engages in the development of partnership. It involves in raising funds benefiting the visually impaired students. The foundation was founded by Harriet Tucker in 1992 and is headquartered in Minneapolis, MN.

Bluestem Capital Co. LLC (Bluestem Capital) is a venture capital firm founded in 1989 by Steve T. Kirby. The firm is headquartered in Sioux Falls, South Dakota.

American Western Corp. manufactures plastic trash can liners for both consumer and institutional markets. The private company is based in Sioux Falls, SD.

Destination Golf Ventures LLC owns, operates and develops golf clubs. It also provides dining and lodging services. The company was founded by Paul A. Schock in 2008 and is headquartered in Sioux Falls, SD.

Bird Dog Equity Partners LLC (Bird Dog Equity Partners) is a private equity firm founded in 2010 by Chad D. Hatch and Paul A. Schock. The firm is headquartered in Sioux Falls, South Dakota.

DataSync Corp. provides software project management and development services. It is a holding company, which engages in software project management and development services. The firm also offers cloud management and support, custom application development, data analytics, and eCommerce solutions. The company was founded by Michael Vetter in 2005 and is headquartered in Sioux Falls, SD.

Founded in 1988, Sturdivant & Co., Inc. is a full service brokerage firm located in Mt. Laurel, New Jersey. Sturdivant & Co. The firm's trading department utilizes the latest technologies to provide clients with maximum efficiency and overall execution excellence for both listed and NASDAQ orders. Sturdivant is connected to many of the major FIX order routing networks including Bloomberg, ITG RouteNet, MacGregor, TradeWare and TNS, as well as the major ECNs. With electronic order routing, traders benefit from seamless and efficient connectivity to Sturdivant directly from their existing systems. The firm strives to tap as many sources of liquidity to ensure that their clients' orders are executed as efficiently as possible. For clients who want their orders executed with a Volume Weighted Average Price (VWAP) strategy, Sturdivant's trading systems allow them to enter orders in multiple ways such as slicing the order into the market on a percentage basis, as a percentage of volume, or slicing it into the market at various times during the day. The firm brings their clients closer to the market through their relationship with a premier, independent Direct Access broker allowing them to provide point-of-sale execution and real-time information. Sturdivant is a member of the Philadelphia Stock Exchange. They can execute client orders on all the worldwide exchanges through their relationship with BNY ConvergEx Group and HSBC Securities (USA), Inc.

The BOE Group, Inc. provides investment management and brokerage services. The company was founded on June 2, 1995 and is headquartered in Philadelphia, PA.

City of Milwaukee Employes' Retirement System (CMERS) is a State-owned pension fund manager headquartered in Milwaukee, Wisconsin. Founded in 1937, CMERS manages the State’s pension fund to provide retirement-related benefits for members and their beneficiaries.

Milwaukee World Festival, Inc. provides event management services. It engages In live entertainment and hospitality. The company was founded in 1967 and is headquartered in Milwaukee, WI.

Great Range Capital LLC (Great Range Capital) is a private equity firm founded in 2010 by Ryan M. Sprott and Paul D. Maxwell. The firm is headquartered in Mission Woods, Kansas.

Part of Interpublic Group of Cos., Inc., Bozell Worldwide is a company that provides advertising and marketing consulting services. The company is based in New York, NY.

CMF & Partner AG is a fiduciary office based in Graubünden, Switzerland. The Swiss company provides trust services and operates in the financial sector.

Digi-Key Corp. distributes electronic components. It also distributes semiconductors, discrete, electromechanical parts. Its products include audio products, batteries, cable assemblies, capacitors, computer & video accessories, connectors, crystals & oscillators, discrete semiconductor products and many more. The company was founded by Ronald A. Stordahl in 1972 and is headquartered in Thief River Falls, MN.

The State Bar of Georgia is an organization that provides resources and support for lawyers in the state of Georgia. The organization is based in Atlanta, GA and offers programs such as committees, sections, and a lawyer assistance program. The private company's website offers a variety of services, including a member directory, legal aid resources, and virtual law museum. Additionally, they offer a comprehensive law library called Fastcase, which is a free member benefit for lawyers. The State Bar of Georgia also recommends Member Benefits, Inc. as a broker for members' health, dental, and vision insurance, as well as other approved products.

The Leukemia & Lymphoma Society, Inc. operates as the world's largest voluntary health organization dedicated to funding blood cancer research, education and patient services. The firm provides treatment for , lymphoma, Hodgkin's disease and myeloma, and improve the quality of life of patients and their families. It identifies and funds the most promising blood cancer research projects and forges partnerships with academic institutions, biotechnology and pharmaceutical companies to accelerate the development of new therapies. The company is headquartered in Rye Brook, NY.

The American National Red Cross provides blood collections and disaster relief services. The firm provides neutral humanitarian care to the victims of war, emergency assistance, disaster relief and education. It offers compensate services such as support and comfort for military members and their families, the collection, processing and distribution of blood products, educational programs that promote health and safety, and international relief and development programs. The company was founded by Clarissa Harlowe Barton in 1881 and is headquartered in Washington, DC.

Alltel Communications LLC provides telecommunications equipment and services. It provides the connections for wireline, wireless, cable, broadcast and enterprise networks around the world. The company's network infrastructure equipment and professional services enable internet, data, video and voice services to residential, business and mobile subscribers. Alltel Communications was founded in 1943 and is headquartered in Little Rock, AR.

Alltel Corp. provides wireless, local, telephone, long-distance, online, and high-speed data services to residential and business customers. It serves in Chicago, Illinois, and Houston areas. The company is headquartered in Little Rock, AR.

The Circumference Group LLC is a SEC-registered investment advisor and hedge fund manager headquartered in Little Rock, Arkansas. The firm was founded by Jeffrey “Jeff” Fox in 2009 and is a subsidiary of Circumference Group Holdings LLC. Circumference Group provides investment advice and management services to private investment funds which may be organized as domestic or foreign entities, such as limited partnerships, corporations, and limited liability companies.

HostGator.com LLC provides shared web hosting and dedicated services. It provides hosting for different websites and supports resellers worldwide with 24/7 technical support and web hosting tools including free billing software for resellers and access to a number of free web templates. The company was founded by Brent C. Oxley in October 22, 2002 and is headquartered in Houston, TX.

A Small Orange LLC provides Internet solutions and services specializing in web hosting and site management such as VPS hosting, reseller hosting, servers, wordpress hosting and customer service. The company was founded in 2003 and is headquartered in Austin, TX.

Duke University is an academic university that offers undergraduate, graduate and professional programs. It also has publications and research services. The university was founded in 1838 and is headquartered in Durham, NC.