Copyright ©2007 Pennoyer International Funds LLC ("Pennoyer"). All rights reserved. The confidential material contained in this Web site is intended only for financially sophisticated investors and is for their private use. The material contained in this Web site does not constitute any offer or sale or any form of general solicitation or general advertising of interests in Pennoyer investment funds described herein. The investment funds rely on private placement exemptions to registration under the Securities Act of 1933 (or the securities laws of any states) and have not been registered as investment companies under the Investment Company Act of 1940. Neither Pennoyer nor Brunswick Capital Advisors LP is registered as an investment adviser under the Investment Adviser Act of 1940.