Dutton Research Performance Ranked #1 of Independent Monitored Research Providers

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Dutton also would have ranked in the top 15% of ALL research providers during this 12-month period."Integrity continued "It is interesting to note that JM Duttons 59.26% 12-month average return per recommendation eclipsed the performance seen by ANY of the twelve (12) largest investment banks also tracked by Investars and almost quadrupled the 15.39% average return per recommendation seen by the entire group of investment banks during this period.This group of investment banks includes Bank of America, Bear Stearns, Credit Suisse First Boston, Deutsche Bank, Goldman Sachs, JP Morgan Chase, Lehman Brothers, Merrill Lynch, Morgan Stanley, Prudential, Salomon Smith Barney, and UBS Warburg." Further it noted "As astonishing as Duttons overall performance, however, was the consistency of its recommendations. In fact, JM Dutton ranked in the top quartile in nine (9) of the ten (10) industries tracked by Investars by far the best performance of any of its peers."

"The analysts who work for JM Dutton are very seasoned, with over one-third having previously managed investment bank or brokerage firm research departments or money management firms. As a result, Duttons research staff is extremely experienced, with an average of over 20 years (20.3 years) of relevant industry, buy-side, or sell-side equity research experience per analyst."

The 19 firms Integrity Associates has evaluated as independent from the universe of the 120 major firms monitored by Investars are: JM Dutton & Associates, American Technology Research, Parenteau Corp., Fulcrum Global Partners, RDEX Research, Spelman Research, Argus Research, When2Trade, Global Capital Institute, Avalon Research, Standard & Poor's, Callard Research, ValuEngine, Columbine Capital Services, Channel Trend Inc., The Excalibur Research Group, Ford Equity Research, Market Profile Theorems, and Weiss Research.

* ROSS is Investars' proprietary methodology for ranking research recommendations.