activities through Sagient Research and through our wholly owned subsidiary, DP Securities, Inc. d/b/a Sagient Securities ("DPS" or "Sagient Securities"), a broker-dealer incorporated in the State of California. We develop, produce and sell proprietary research products to mutual funds, hedge funds and investment banks. Our business strategy is to leverage our development technology and marketing expertise to be a leading provider of independent research to the financial services and institutional investment communities.