From: Evan Wax < To: Evan Wax < Bcc: ' Subject: .2011 letter Date: Fri, 20 Jan 2012 18:28:00 +0000 Attachments: ._2011.pdf Dear Clients and Friends, Attached to this email please find our 2011 year end letter. I look forward to hearing your comments and answering any questions you may have. Sincerely, Evan Evan Wax Portfolio Manager Wax Asset Management EFTA00421337