Domestic Long/Short Subscription Service
Unit  Economics  currently  offers  select  clients  subscriptions  to  the  Domestic Long/Short
Service.   Our  research  efforts  for  this  product  are  focused  on  initiating and continuing
research coverage  on  4-6 U.S.-listed  stock  ideas  (either  long  or  short  ideas)  per  year.
For   each  idea,  we   publish  a   comprehensive   20+ page  initiation report.  Our   reports
include  financial models  and earnings forecasts (see sample report ),  as   well  as industry
analysis  and  other  relevant  material.  In addition,  we continue to publish periodic updates
as significant events occur.

We  also  publish 3-4 20+ page,  macro/thematic  reports  each  year.  These  reports cover
topics   that   impact   investment  returns,  such  as  the  grain   markets,  natural  gas   and
global  cooling.   Generally (but  not  always), our   macro/thematic reports are  married  with
our individual stock ideas  to enhance both our informational advantage and client returns.

In  addition, our  analysts are  always  available to subscribers and  we  frequently  travel  to
meet our clients to  discuss ideas and the markets in general.


Domestic Short Only Subscription Service
In the near  future,  Unit  Economics will  offer a short-only research service.  Our  short-only
service will allow us to leverage our extensive  short-selling  experience  and  dedicate  more
resources toward uncovering 'investment grade'  short ideas without alienating our long-only
clients.  


Recipients  of this  research  should be  aware  that  the publisher may invest in many of the
same ideas it provides to  its  research  clients,  either for its own account  or  in  connection
with   managing   assets  for  third   parties. The  publisher  is not  obligated  to invest in  the
companies addressed in research reports and  it may  buy, sell, or hold such  companies  at
any  time in its sole discretion and without any obligation to inform  research  clients  of such
actions.  In many cases, the  publisher  may  buy  or  sell positions  for its  own account or in
connection with  managing  assets  for  third   parties  in  advance  of   delivery  of  research
reports.   Your  subscription to this service constitutes your acceptance of this policy.
Unit Economics
11 Beacon St. Suite 1400b
Boston, MA 02108
Phone: (617) 227-5872
Fax: (617) 227-5870