Wellfleet Partners Inc.

Congratulations to Gigoptix, Inc. on their uplisting

mbasile — Mon, 30 Apr 2012 20:57:02 +0000

SAN JOSE, Calif., Apr 23, 2012 (BUSINESS WIRE) –GigOptix, Inc. (OTCQX:GGOX) (“GigOptix”), a leading fabless supplier of semiconductor and optical components that enable high speed information streaming, announced that its common shares have been approved for listing on the NYSE Amex beginning on Wednesday April 25, 2012 under the ticker symbol “GIG”.

“We are very pleased with the listing of our shares on the NYSE Amex, as this represents another significant milestone on our company’s 2007 5 years planned road-map,” said Dr. Avi Katz, Chairman of the Board of Directors and CEO of GigOptix. “Since our inception as a true bootstrap entrepreneurship high-tech start-up and with no traditional funding to support the inception and growth, we have delivered strong growth in the market of high-speed end-to-end information streaming targeting telecom and datacom optical communications, ASIC and RF microwave and millimeter wave systems. We believe that our NYSE Amex listing will broaden our stockholder base, provide access to new sources of capital and give our long term loyal and supportive stockholders an efficient national exchange in which to trade.”

“We welcome GigOptix to the NYSE Euronext family of listed companies and onto the NYSE Amex,” said Scott Cutler, Executive Vice President, NYSE Euronext. “The NYSE Amex helps companies like GigOptix and its stockholders benefit from our superior trade execution, our relationships with institutional investors and our extensive suite of investor relations services. We look forward to building a strong and lasting relationship with GigOptix’s management and stockholders.”

About GigOptix

GigOptix is a leading fabless supplier of semiconductor and optical components that enable high-speed end-to-end information streaming over the network and address emerging high-growth opportunities in the communications, industrial, defense and avionics industries. The Company offers a unique broad portfolio of Drivers, TIAs and TFPS^TM optical modulators for 40G and 100G fiber-optic telecommunications and data-communications networks, and high performance MMIC solutions that enable next generation wireless microwave systems up to 90GHz and drivers,. GigOptix also offers a wide range of digital and mixed-signal ASIC solutions and enables product lifetime extension through its GigOptix Sunset Rescue Program. To learn more about GigOptix, visit http://www.gigoptix.com.

Luxeyard, Inc.- 10% Convertible Note

mbasile — Wed, 25 Apr 2012 14:01:32 +0000

New York & California- April 23^rd, 2012

Luxeyard, Inc. (“LUXR” or the “Company”), is a publicly traded U.S. based members-only flash sale site for luxury home, furnishings, décor and fashion that offers access to unique products sourced by a seasoned team of buyers at a fraction of retail prices. “We are very pleased to announce our participation in the collection investment in Luxeyard, an innovative emerging growth company in Los Angeles, California. I would like to thank our associate in LA, Kathryn Smith and in particular, old and new friends and professional associates, Richard Anslow, esq. and Gregg Jaclin, Esq. of the Law Firm of Anslow & Jaclin. My son and partner, Joshua and I hope this is the first of many investments and projects we work on together”, Stated Mark I. Lev Chairman & CEO of Wellfleet Partners, Inc.

About Luxeyard, Inc.

Luxeyard, Inc., through its subsidiary, LY Retail, LLC, focuses on operating as an e-commerce marketplace for luxury home and other consumer products at a discount. It intends to offer household furnishings and consumer goods, such as furniture, accessories and bedding, food and drinks, services and events, and gift cards. The company plans to provide its products through a flash sale or daily deal for the subscribers of its Website. Luxeyard, Inc. is based in Marina Del Rey, California. Recently, the Company entered into a strategic alliance with “Buyinvite”, one of Australia’s premier members-only private sales sites.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. a fourteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in 1998. The company engages in a wide variety of corporate finance, venture capital, management consulting, due diligence and corporate advisory activities for a broad range of clients. These include public and private, emerging small to medium-sized, domestic and internationally-based, growth companies. In addition, through subsidiaries and/or affiliates, Wellfleet offers financial, brokerage and money management services. It has strategic domestic and international partnerships in Floridaand California, Dublin, London, Perth, Tel Aviv, Beijingand Tokyo. Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Bradley Woods & Co. Ltd., a FINRA-registered broker-dealer headquartered in New York City, New York. For more information, please go to www.wellfleetpartners.com. A new 2012 brochure, quarterly newsletter and/or press release are available upon request.

Congratulations to our Portfolio Company Arava Power for the article in the NY Times

mbasile — Tue, 24 Apr 2012 13:59:18 +0000

ETURA, Israel — Arriving at this bone-dry kibbutz in the Arava Desert late one afternoon in August 2006, Yosef Abramowitz, a social activist, Jewish educator and multimedia entrepreneur from Boston, opened the door of his van and was hit by a wall of heat

“The sun was setting, but it was still burning,” he said. “I remember the sensation.”

Later, unable to sleep, he rose about 5 a.m. and stepped outside as the sun was coming up over the mountains of Jordan. “It was so hot already,” he recalled. “I said to myself, ‘This whole place must work on Solar Power.’ ”

Then he found out that was not true.

So Mr. Abramowitz, who had spent six months at Ketura in the early 1980s as part of a Young Judaea program, quickly abandoned his plans to spend a quiet family sabbatical with his wife and children in southern Israel. Instead, he went into partnership with Ed Hofland, a businessman from the kibbutz, and David Rosenblatt, an investor and strategist from New Jersey, to found the Arava Power Company, now the leading commercial developer of solar power in Israel.

After more than five years of political and regulatory battles with the Israeli authorities, the company has transformed 20 acres of a sand-colored field on the edge of the communal farm. It now glistens with neat rows of photovoltaic panels from China — 18,600 in all — that harness the sun. There is no smoke, only a slight buzz in the spotless rooms where the panels’ current is turned into electricity that can be fed into the electrical grid. Small openings in the perimeter fence allow animals to cross the field.

Depending on the time of year and rate of energy consumption, this field provides power for as many as five communities.

Siemens, the German conglomerate, was brought in as a partner and invested $15 million, and its Israeli branch built the field. The Jewish National Fund, a century-old Zionist group most associated with planting trees in Israel, made an unusual strategic investment of $3 million in a twist on the early national ideal of trying to make the desert bloom.

In forging a path for commercial solar energy, Mr. Abramowitz said he endured regulatory battles involving two dozen agencies as big as the Israeli Agriculture Ministry and as small as the local planning agency on issues like zoning changes and renewable energy quotas.

Along the way, Mr. Abramowitz — who left the kibbutz for Jerusalem in 2009 but still visits often — became known in Ketura as Captain Sunshine. “He got his nickname, first, because of his sunny personality,” said Elaine Solowey, a member of the kibbutz, “and, second, because anyone who beats the government bureaucracy is a superhero.”

Arava Power’s pioneering work has not gone unnoticed. Other communal farms and communities in the arid reaches of southern Israel are rapidly turning to renewable energy: solar energy is a harvest that does not require irrigation.

Last month, Israel’s Public Utility Authority issued licenses for nine larger solar fields, including a 150-acre site at Ketura that will eventually meet one-third of the peak daytime energy needs in the nearby city of Eilat.

Ketura’s new solar field will be built across the road from the kibbutz in a rift valley between two mountain ranges. The near-constant breeze from the north will naturally cool the backs of the panels, which will face south. With up to 14 hours of sunlight in the summer, an average of only 15 cloudy days a year and access to the national electricity grid nearby, the area has conditions that are perfect for producing solar energy, Mr. Abramowitz said.

“God could not have invented a better place to do solar power,” he said during a recent tour.

Arava Power has entered deals to lease land from numerous farms and communities in southern Israel. It has also teamed up with Bedouins in the Negev Desert: the tribes will lease their lands to Arava Power for solar installations, and the company will provide jobs for the clans. In February, the regulatory authorities granted the first license for an installation on Bedouin-owned land belonging to the Tarabin tribe. Financing for the Bedouin fields is coming from the United States government’s Overseas Private Investment Corporation.

Arava Power expects to grow into a $2 billion enterprise. That is quite a change for a small kibbutz that has mainly lived off its date palms, dairy shed and the salaries of members who work outside the farm.

Ketura was founded in 1973 by 25 idealists, graduates of the Young Judaea Zionist movement, and is known for its socialist values and simple, communal lifestyle. Though the kibbutz has a stake in Arava Power, Mr. Hofland, the company chairman, will not make any personal profit.

The kibbutz is also known for environmental innovation. It operates a high-tech algae farm and is home to the Arava Institute, where Israelis, Palestinians, Jordanians, Americans and others study the environment. The kibbutz’s appreciation for education has resulted in what its secretary general, Sara Cohen, calls “knowledge-based ventures.”

In one such effort, Dr. Solowey domesticates rare plants, including species with medicinal properties, and works on finding new crops for arid and saline lands.

As yet, the prospect of solar power riches has not gone to the heads of the practical farmers who live in Ketura.

“It means having our future accounted for, when we cannot work in the date fields anymore,” Ms. Cohen said. “And our children’s education will be secured.”

Still, she added, “We are not eating filet mignon in the kibbutz dining room yet.”

Cyclone Power Technologies, Inc.

mbasile — Fri, 16 Mar 2012 13:38:58 +0000

New York & Florida- March 15^th, 2012

Cyclone Power Technologies, Inc. (“CYPW” or the “Company”), is a publicly traded U.S. based alternative emerging company. The Company today announced the first closing of a financing in the firm of One Year, Secured Promissory Notes rendered through Bradley Woods & Co. Ltd. (“Bradley Woods”) as part of a larger financing to capitalize the Company’s recent acquisition of Advent Power Systems and become a prime contractor with the US Army Tank Command. “I am very pleased to announce the closing of our first financing at our new broker-dealer affiliate, Bradley Woods. We are excited to continue our work with Cyclone, a company that has world class technology, especially in the area of “green” alternative energy. I would like to thank Dan Ripp of Bradley Woods, we are optimistic it’s the first of many. Finally, we look forward to continuing to work with Chris Nelson, CEO of Cyclone, a true professional”, Stated Mark I. Lev Chairman & CEO of Wellfleet Partners, Inc.

Cyclone Power Technologies, Inc. engages in the research and development of an eco-friendly external combustion engine technology in theUnited States. The company develops and holds rights of the Cyclone Engine, an eco-friendly clean engine that is used for various applications in the areas of small garden tools, electric power generators, automobiles, trucks, ships, and heavy construction equipment. Its Cyclone Engine is a heat-regenerative, external combustion, and Rankine cycle engine. The company intends to develop engines for license to manufacturers and other groups in various industries worldwide. Cyclone Power Technologies, Inc. was founded in 2004 and is based inPompano Beach,Florida.

About Wellfleet Partners, Inc.

WP annouces an affiliation and working relationship with George D. Haralampoudis

mbasile — Wed, 08 Feb 2012 14:55:25 +0000

New York City, New York-February 7^th, 2012

Wellfleet Partners, Inc., announces an affiliation and working relationship with George D. Haralampoudis, a new Managing Director/Investment Banking at Bradley Woods & Co. Ltd., a 42-year-old, full service, independent securities and brokerage firm. “We are pleased to join our efforts with that of George Haralampoudis, a long time friend and associate in the investment banking area. It was our great pleasure to introduce him to Dan Ripp, Chairman and CEO of Bradley Woods and we could not be happier in working with him going forward. While he has extensive experiences in numerous areas in corporate finance, in particular we expect to seek his sage advise and partnership in areas including maritime, minerals and mining, healthcare, real estate, hospitality, technology and foreign and international investments as well as others. We are working closely with Dan and George to create a dream team of financial service professionals,” stated Mark I. Lev, Chairman & CEO.

About Bradley Woods & Co. Ltd.

Bradley Woods & Co. Ltd. based in New York is a 42-year-old full service independent securities and brokerage firm. Bradley Woods has an indirect clearing agreement with Pershing LLC (an affiliate of the Bank of New York Mellon) through its affiliation with Bernard Herold & Co., Inc., a New York Stock Exchange member. In 2004, Bradley Woods began offering investment banking services. It has offered brokerage and other financial services since 1983. Since 1970 Bradley Woods has offered an institutional research product which interprets the impact of the US Federal Government on the capital markets. It utilizes its decades of experience and expertise in political matters and is thus able to spot minute shifts in policies and impact. The company’s forte is an understanding of government mechanics and dynamics including its legislative and administrative procedures. The company offers research and analysis that not only reports and identifies critical market and economic trends, but also the implications of such political crosswinds. Under the stewardship of Dan Ripp, the company’s president since 2004, the company’s direction was retooled to focus on the specific investment implications of US government policies and geopolitics.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc., a fourteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in 1998. The company engages in a wide variety of corporate finance, venture capital, management consulting, due diligence and corporate advisory activities for a broad range of clients. These include public and private, emerging small to medium-sized, domestic and internationally-based, growth companies. In addition, through subsidiaries and/or affiliates, Wellfleet offers financial, brokerage and money management services. It has strategic, domestic, and international partnerships in Fort Lauderdale, Los Angeles, Palo Alto, and San Diego, in Dublin, London, Perth, Tel Aviv, Beijing and Tokyo. Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Bradley Woods & Co. Ltd., a FINRA-registered broker-dealer headquartered in New York. For more information, please go to www.wellfleetpartners.com. A brochure, quarterly newsletter and/or press release is available upon request.

Joshua S. Lev has been made an equity partner of WP

mbasile — Wed, 04 Jan 2012 17:11:28 +0000

Wellfleet Partners, Inc., announces that Joshua S. Lev has been made an equity partner of the Company. “It is with great pleasure that I announce after 14 years a new equity partner at our firm. It has been a dream of mine for many years to be able to work side by side with my son and since joining a half a year ago, he has made monumental strides in improving all aspects of the firm. It seems quite natural to call him “partner” now, as well as beloved and cherished son. As the firm was named after my father’s company “Wellfleet Textiles”, almost 15 years ago, it feels natural to have a 3^rd generation Lev at Wellfleet. Going forward Joshua’s responsibilities will be expanded to include a more active role in the day to day operations with the firm as I focus on our portfolio clients, nationally and abroad. We intend in 2012 to make mergers and acquisitions more of a concentration in our business and work more closely with our almost 500 portfolio companies, over 20 countries. This is truly a “happy day” at Wellfleet Partners, Inc.” stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

About Joshua S. Lev

Joshua S. Lev, Director of Business Development, joined Wellfleet Partners in mid 2011 to focus on business development, M&A, corporate finance and institutional and individual client relations. He also has responsibilities in conducting due diligence, and offering advisory services for perspective portfolio companies and in their financings. Prior to joining Wellfleet, Mr. Lev worked at HSBC for over 4 years in a variety of roles within Personal Financial Services. He joined the bank as a Retail Management Trainee, completed the Group Graduate Development Program inEngland, and served as a Business Analyst and Planning & Analysis Manager. Most recently, Mr. Lev was AVP of Product and Pricing Strategy for the Retail Bank. Mr. Lev holds a 6 and 63 Securities License. Mr. Lev graduated from the Sy Syms School of Business atYeshiva University with a BS in Business & Management and a minor concentration in International Business. Mr. Lev also holds an Associate Degree in Religious Studies.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a fourteen year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting, due diligence and corporate advisory related activities to a broad range of public and private emerging small to medium sized national and internationally based growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in Perth, Australia, Tokyo, Japan, London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; a brochure, quarterly newsletter and/or press releases available upon request.

Realta Entertainment Group, Inc.

mbasile — Fri, 30 Dec 2011 17:14:38 +0000

New York & Campbell, CA, China- December 23^rd, 2011

Realta Entertainment Group, Inc. (“Realta” or the “Company”) is a California based Transmedia gaming and entertainment company. “We are very pleased to be involved in the financing of this exciting gaming company introduced to us by, Bryan Feinberg of Zephyr Technology Ventures, LLC (see below). Realta represents the type of early stage venture capital investment that we were so familiar with over a decade ago during the earlier stages of Wellfleet Partners, Inc. With the recent introduction to Mr. Feinberg, his friendship, guidance, continued overseeing of the target companies via their affiliation with Zephyr as Consultants or Board Memberships and his extensive experience in the digital media and software space, we are hopeful that this area will become a greater interest for us in the future”, stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

Realta Entertainment Group, Inc., Realta Entertainment Group, Inc. and Realta Studios are developers of reality-based interactive multimedia, hardware and content for the world’s most popular video game consoles and PC’s. Realta melds art and technology into powerful user experiences that expand beyond the typical gaming hardware. Realta Entertainments debut project is currently in production in their Campbell, CA studio.

About Wellfleet Partners, Inc.

About Zephyr Technology Ventures, LLC

For more information, please go to www.zephyrnet.com.

Duff & Phelps Agrees to Acquire Pagemill Partners

mbasile — Wed, 21 Dec 2011 16:10:48 +0000

Congratulations to our very dear friend and one of Wellfleet Partners’ founding advisors, Scott Munro

Addition of Silicon Valley-Based M&A Firm Enhances Global Technology Industry Expertise

NEW YORK–(BUSINESS WIRE)–Duff & Phelps Corporation (NYSE: DUF), a leading independent financial advisory and investment banking firm, today announced that it has entered into a definitive agreement to acquire Pagemill Partners, a Silicon Valley-based investment banking and valuation services firm. Consisting of 25 employees, the Pagemill team focuses on advising global technology companies in the middle market, as well as emerging organizations. The acquisition will enhance Duff & Phelps’ Mergers & Acquisitions practice and further develop the firm’s technology industry expertise.

Terms of the transaction were not disclosed. Subject to customary closing conditions, the transaction is expected to close by the end of the year.

The Pagemill team will work closely with colleagues throughout Duff & Phelps who provide complementary financial advisory services and technology industry expertise, including professionals in the firm’s existing Silicon Valley andSan Franciscooffices. This collaboration continues an effort to strengthen key industry specializations for Duff & Phelps; earlier this year, the firm deepened its knowledge of the energy, mining and infrastructure industries by acquiring Texas-based investment banking services firm Growth Capital Partners.

“For eight years, Pagemill Partners has leveraged transactional experience and personal commitment to help clients and shareholders consistently achieve successful M&A outcomes,” said Jacob Silverman, leader of the Investment Banking segment and head of corporate development for Duff & Phelps. “Their proven understanding of the global technology business landscape will complement our existing expertise, better positioning us to advise technology clients on their most important matters – including cross-border situations.”

Since 2003, Pagemill Partners has provided M&A advisory, private placement advisory and valuation services. The team has closed more than 160 transactions – approximately one-third of which were cross-border situations – in such industries as enterprise, infrastructure and application software; semiconductors; Internet and media; communications; storage; security; technology-enabled services; and many other sub-segments. Pagemill Partners has advised clients on transactions with Microsoft, IBM, Intel, GE, Oracle, Broadcom, Qualcomm and other industry leaders.

“The entire Pagemill team is extremely excited to join Duff & Phelps’ global platform,” said Scott Munro, managing director at Pagemill Partners. “We look forward to contributing our technology M&A expertise, while also gaining access to a broader suite of services, an international geographic footprint and other resources. This will allow us to more effectively serve our clients while also pursuing a wider range of engagements and capability enhancements.”

About Duff & Phelps

As a leading global financial advisory and investment banking firm, Duff & Phelps balances analytical skills, deep market insight and independence to help clients make sound decisions. The firm provides expertise in the areas of valuation, transactions, financial restructuring, alternative assets, disputes and taxation, with more than 1,000 employees serving clients from offices in North America, Europe and Asia. Investment banking services in the United Statesare provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. M&A advisory services in the United Kingdomand Germanyare provided by Duff & Phelps Securities Ltd. Duff & Phelps Securities Ltd. is authorized and regulated by the Financial Services Authority. Investment banking services in Franceare provided by Duff & Phelps SAS. For more information, visit www.duffandphelps.com. (NYSE: DUF)

Xanadu Co Ltd.

mbasile — Thu, 29 Sep 2011 13:42:02 +0000

New York & Shanghai, China- September 27, 2011

Xanadu Co Ltd. (“Xanadu” or the “Company”) is a Chinese based company, headquartered in Shanghai that will attempt to provide services and products to close to the 50MM college students. “We are very pleased to have, in concert with Cedarview Capital Management LP, visited with Xanadu and its management which resulted in a material investment by the aforementioned fund. This represents the 24^th time that we, through our client’s and/or associates, have deployed capital in a Chinese based company since 2004. I would like to thank in particular my associate, Alan Fein, my son Joshua S. Lev and our attorney Ronniel Levy, esq for all of their efforts that assisted us in bringing this matter to a successful conclusion. As always, it’s a pleasure working with Burton Weinstein from Cedarview Capital. The three day trip to Shanghai, which pictures can be viewed on our website, will always serve as a wonderful reminder of this past project and my first international business trip with my son. On behalf of the firm, our strategic partners, clients and friends worldwide, we would like to sincerely welcome Joshua on board”, stated Mark I. Lev, Chairman & CEO of Wellfleet Partners, Inc.

Xanadu Co Ltd., provides online and offline educational and commercial services to college students inChina. The company plans to establish a single platform that will include an exclusive real-name student identification database of 50MM students, a consolidated student ID card network, a transaction/clearing/balancing system, portal website, and on-campus terminals. The platform will be used to satisfy the demands of the daily campus life through a network of official student ID cards and payment accounts. The single platform will result in an integrated real-name student database with consolidated spending habits of Chinese student users from universities, colleges, private schools, vocational schools and other “Higher Education Institutions”.

About Wellfleet Partners, Inc.

Wellfleet Partners, Inc. (Wellfleet), a fourteen and a half year old boutique financial services and consulting firm, was founded by Mark I. Lev in early 1998. The Company’s emphasis is to engage in a wide variety of corporate finance, venture capital, management consulting and corporate advisory related activities to a broad range of public and private emerging small to medium sized national and internationally based growth companies. In addition, through subsidiaries and/or affiliates, it offers financial and brokerage services and money management as well and has strategic partnerships and offices in London, England, Ra’anana, and Tel Aviv, Israel, Dublin, Ireland, Miami and Fort Lauderdale, Florida; Southern California (Los Angeles & San Diego), Northern California (Palo Alto) and in conjunction with MRM Finance LLC, jointly opened an office in Beijing, China in 2008. Wellfleet renders all of its fund raising corporate finance and investment banking related activities through Sandgrain Securities, Inc., a registered FINRA broker-dealer primarily headquartered in New York. For more information, please go to www.wellfleetpartners.com; a brochure, quarterly newsletter and/or press releases available upon request.

Fall 2011 Newsletter

mbasile — Thu, 29 Sep 2011 13:38:58 +0000

SEPTEMBER 2011

On this, the 10th year anniversary of the month and that fateful day that rocked our city, our country, every American and unified the world against the constant threat of terrorism, we at Wellfleet have decided after 14 ½ years and over 50 newsletters to break from its normal tradition and focus merely on the aforementioned anniversary as well as several other material financial developments (e.g. Apple and the prices of gold and barrel of oil). There will be no discussion of any of our activities nor our portfolio companies.

“A great truth is a truth whose opposite is also a truth.”

Thomas Mann

I remember where I was around 8:00am on September 11^th, 2001. It was a beautiful, bright shiny warm day and as always I had a wonderful view of downtown Manhattan from the picture window in our office on the 46^th floor of One Penn Plaza. I had the radio on in the background and surprisingly heard that a plane just crashed into the World Trade Center. My first instinct was that it was a small plane that reared off course and had mistakenly crashed. Looking out of my window I could see smoke bellowing out of the World Trade Center approximately 3 miles away. One of my associates and I were standing at the picture window and at approximately 9:00am saw a 2^nd plane travelling surprisingly low about 10 miles away flying in the same direction. We watched in silence and at 9:03am, in horror, as the 2^nd plane crashed into the South Tower. Shortly thereafter, the building announced an emergency had occurred and we should stay tuned for further updates. Truthfully, myself and my associate had no clue as to what was going on. We were too naïve to assume that the 1^st terrorist attack on our own soil could have possibly occurred.

“Our doubts are traitors and make us lose the good we often might win, by fearing to attempt.

Jane Addams

At about 10:00am, the building announced that it would be evacuated. One Penn Plaza, with its over two million square feet and 1000 tenants is directly above Penn Station which, for non New Yorkers, is one of the largest and most active transit ports in the country. Besides practically every subway line, the Long Island Railroad and Amtrak are directly beneath our building. We were informed that the entire train system inNew Yorkwas halted and Penn Station was being evacuated. This author stayed in the office and was probably one of the last, if not the last tenant to evacuate. The lobby and the streets in front of our building was a variable zoo with thousands walking aimlessly in vain trying to understand what was happening and to reach loved ones on cell phones that had no service. Our building has a small coffee cafeteria on the ground floor who offered their landline phone to whoever needed it. I called my family and ascertained their whereabouts and told them to sit tight I would find my way home. With the bridges and tunnels closed and the streets filled with New Yorkers trying to make sense of what just happened, I started to make my way home. I walked to the midtown tunnel, 10 blocks away and saw a police car, the only cars that were going in and out of the tunnel, about to leave to go towardsQueens. I politely asked the police officer to hitch a ride to the other side of the midtown tunnel and seeing that I was successful, four other people quickly jumped in as well. As we approached the other side, I asked if I can continue with him as far as he would go east on the Long Island Expressway and that’s how I made it to Little Neck, New York, approximately 15 miles from the office.

“If life were predictable it would cease to be life, and be without flavor.”

Eleanor Roosevelt

With another 10 miles to go, I noticed that people were picking up strangers on the streets and put my thumb out. Within 5 minutes I had a ride going further east on the Long Island Expressway. New Yorkhad almost immediately transformed into a different city in which everyone were friends and cared about each other’s welfare. I got off at the entrance of Great Neck with four miles still to go. The major thoroughfare going in and out of Great Neck was closed. Local police forces were checking every person coming into our normally safe and beautiful neighborhood for potential terrorist activities. I walked the last four miles until I finally walked into my house at 2:00pm. It took me a grand total of 3 hours to go 25 miles with the help of my fellow New Yorkers and one police officer. For the balance of the day, we all sat in our family room and watched every channel trying to make sense of what just happened. We went to a park that actually overlooked theWorldTradeCenterand sat, amongst the flowers and trees and watched theWorldTradeCenterburn and the lives of close to 3,000 of our fellow New Yorkers, Policeman, Fireman, and Emergency Alert First Responders perish. My children at the time were 16, 13 and 9, it was hard to explain to them what was happening while in reality we ourselves didn’t understand. That week the market stayed closed. With no transit and no reason to go to work, we spent the week at home counting our blessings for the wonderful life provided to us from this magnificent country and mourned for those precious innocent lives lost due to the terrorist activities of the few distorted criminals that masterminded this abhorrent attack.

Now 10 years later, it feels as if it happened just last year. The memorials are touching and remind us of the sacrifices that have to be made in the name of freedom. On behalf of Wellfleet Partners, Inc. its employees, strategic partners, clients and friends worldwide, May I simply say G-D BLESS AMERICA.

“History is not merely what happened. It is what happened in the context of what might have happened.”

Hugh Trevor Roper

Over the past decade, the Company that has made the largest impact in the world, both in market value as well with its revolutionary technology has been APPLE. Under the brilliant director of Steve Jobs, APPLE has enlightened the world with its dazzling array of inventions and in the words of Walt Wittman, “unscrewed the locks from the doors”. Steven Jobs, a man who never graduated college, was adopted as an infant, previously fired from APPLE and current cancer survivor, created a company that in a mere 14 years has increased in value 5700%, perhaps the greatest market appreciation in the history of world financial markets. The Company’s combination of beauty and functionality has been revolutionary in a similar fashion that has Facebook’s uniqueness. APPLE has made information accessible and have stretched the bounds of privacy. With his recent announcement that he is stepping down from APPLE as its CEO, the APPLE community which extends to hundreds of millions, collectively breathed a sigh of grief. His five words “… unfortunately the day has come” was met with a short term depreciation in the price of the stock of 7% representing billions of dollars. While he claims to plan on being an active Chairman, his health issues are clearly worrisome. Jobs who started APPLE at the tender age of 21, was fired from his own company and only brought back 14 years ago, has achieved financial and artistic immortality. APPLE currently is the 2^nd most valuable company in the world next to Exxon and many expect his designated successor Tim Cooke, to continue his legacy. Every time a new I-Phone, I-Pad, MAC laptop is sold, it is the testament to the genius of Steven Jobs. On behalf of this organization we wish him a healthy and enjoyable balance of his days.

“Steve was among the greatest of American innovators- brave enough to think differently, bold enough to believe he could change the world, and talented enough to do it.”

President Obama

Sadly on Late October 5^th, 2011 Steve Jobs lost his battle with pancreatic cancer. We at Wellfleet Partners Inc acknowledge the greatness that was Steve Jobs and offer condolences to his family.

STEVE JOBS 1955-2011 “Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple.”

APPLE.COM

“Confidence is what you have before you understand the problem.”

Woody Allen

The price of gold continued its meteoric rise this past quarter. After hitting its high of approximately $1850 an ounce, it recently retreaded back approximately 15%. Gold is in the 11^th straight year of its bull market, its longest such streak since 1920 when investors looked to diversify away from currencies and equities. While many other metals have receded dramatically over the past quarter (e.g. silver, copper, iron), gold has maintained its ebullient price. The price of a barrel of oil has likewise receded and is currently in the low 80’s. Investors are encouraged that the demand for oil remains stable while the supply, despite the unrest in the middle east and in particular Libya, has been unaffected and alternative energy products are in demand. Worries about the economy and stability though can change in a heart beat, so the amount of short term obligations rather than long term remains the hedge of choice.

“If moderation is a fault, then indifference is a crime.”

Jack Kerouac

Finally, it is with great pride that I welcome my son, Joshua to the firm. After four years at HSBC, we decided it was time for him to become a 3^rd generation “Wellfleet” as my father, his grandfather’s company was called Wellfleet Textiles. It is every man’s dream to be able to work alongside his son and my memories of those summer’s at my father’s factory remain always fresh in my mind. I could not feel more blessed to have him at my side as our company’s new Director of Business Development and Executive VP. Welcome aboard, see his bio on our updated website.

On behalf of all the management, employees and strategic partners of WP, I would like to sincerely thank all of you that have been so instrumental in our first 14 ½ years of success. We wish you a very enjoyable fall season and as always, “caution is the better part of valor” in all investments.

Note: This report was produced by Wellfleet Partners, Inc. (“WPs”) from various public research sources, for the sole purpose of general information. WP makes no warranties to its factual content and is not a brokerage firm, registered Investment Advisor nor securities dealer; therefore, nothing contained in this report shall constitute an offer to sell, solicit or buy any securities or investment advice. Investment in these securities mentioned here involves risk and should not be considered without first reading the target Company’s most recent financial statements, 10Q and 10K, its Private Placement, Offering Memorandum or Business Plan, if applicable, and discussing the investment with your registered representative or professional financial advisor. Venture capital and investment in the market is inherently extremely risky. Mr. Lev, the author of this newsletter is a Registered Representative and Managing Director of Sandgrain Securities, Inc. an FINRA/SIPC member broker-dealer headquartered inNew York.