We are presenting a list of companies which we believe are currently mispriced, based on our estimate of fair value, by the market. We develop our fair value ranges by projected free cash flow out one year and estimating an appropriate FCF multiple based on our assessment of risk and the strength of the balance sheet.

Cisco Systems [CSCO: 19.57, +0.84 (+4.48%)] Recent Price $17.04 Value Range 21.86 – $38.41 Cisco Systems, Inc. designs, manufactures and sells Internet protocol (IP)-based networking and other products related to the communications and information technology (IT) industry, and provides services associated with these products and their use. The Company provides a line of products for transporting data, voice, and video within buildings, across campuses, and around the world. Its products are designed to transform how people connect, communicate and collaborate. Cisco Systems, Inc.’s products, which include primarily routers, switches, and products that the

Bio-Clean International, Inc. is a leading manufacturer and supplier of aqueous bio-remediation parts washing and weapons cleaning systems. Headquartered in Huntington Beach, California, the Company provides non-toxic, environmentally safe solutions and benefits. These solutions are for the requirements of military and law enforcement agencies.

The Company has a majority interest in their subsidiary American Bio-Tech Cleaning, Inc. This subsidiary designs and manufactures customized parts and weapons washing/cleaning systems. These systems are eco-friendly, and use a water-based cleaning fluid integrated with a self-contained bio-remediation process.

Bio-Clean International also owns a minority interest in American Bio-Clean Corporation. This enterprise is a Service Disabled Veteran Owned Business (SDVOB). Founded in 1997, this company markets and distributes cleaning fluids and parts/weapons cleaning machines.

American Bio-Clean Corporation (being a Service Disabled Veteran Owned Business) has certification and meets the Federal-mandated three percent minority-spending requirements. Mandated spending requirements adopted by most States range from three to

Valence Technology, Inc., international leader in the development of lithium phosphate energy storage technologies, announced the appointment of K.C. Lim, Ph.D. as the company’s Chief Technology Officer. Dr. Lim brings with him over 20 years of industrial research, development, and integration experience with lithium-ion related technologies. He will work out of the company’s Suzhou, China office, helping to shape R&D operations, including the design of advanced battery production systems.

Valence Technology is the commercial leader in the supply of safe high-volume energy storage solutions, and has commercialized the industry’s first phosphate based lithium-ion battery. The company develops and manufactures advanced lithium phosphate cathode materials, along with actual cells and programmable lithium phosphate packs, and provides associated technology integration services, targeting the large and small automotive market, as well as industrial, military, and aviation applications.

Valence’s lithium phosphate technology offers across-the-board advantages over standard battery technologies in performance, safety, cost, reliability,