Microcap Index

August 9, 2001 to June 24, 2010

Bowser Microcap Stock Index 519.96 UP 153%

Dow Jones Industrial Average 10,298.50 DOWN 1%

Russell 2000 Stock Index 644.25 UP 35%

Last Month

(6/2/10 to 6/24/10)

Bowser Index Down 6.6%

Dow Jones Industrial Average Up 1%

Russell 2000 Stock Index Down 2.5%

The Bowser Report

P.O. Box 6278, Newport News, VA 23606

757/877-5957 Fax:757/595-0622

e-mail: Ministocks @aol.com

The only newsletter for stocks $3 a share or less

The Bowser Microcap Stock Index was introduced in Sep'01. It was inspired by John E. Picchietti, a Chicago trader, who noted that there was a need for a microcap index. The Russell 2000, which is billed as a small-stock index, has issues with market capitalization of $1 billion or more. Since 2001, other microcap indexes have been created. Our Index was designed by George K. Zestos, a professor of economics at Christopher Newport University. It is an unmanaged, weighted index of 50 stocks, each of which was under $3 when placed in the portfolio.

The Bowser Report

Featuring blue chip penny stocks