INVESTMENT PROCESS

I. QUANTITATIVE ANALYSIS. We apply proprietary quantitative screens to an initial
   universe of approximately 3000 stocks. We seek to identify companies with:
- A history of consistent earnings growth
- Earnings that exceed estimates
- Rising earnings estimates
- Healthy forecasted future earnings growth
- Favorable P/E-to-earnings-growth rate ratios

II. FUNDAMENTAL ANALYSIS. Each potential investment candidate/company
    undergoes an extensive fundamental analysis.
- Company strategy and business model
- Financial soundness
- Management skill
- Competitive position
- Business outlook and risk

III. PEER REVIEW AND DECISION MAKING. Our analysts then must conclude
     whether or not the company is a potential Oak Ridge Investment.
- Research is presented to the investment team for review and debate
- In-depth discussion tests believability and conviction in a company
- Stocks that receive high marks may be purchased by portfolio managers or remain
         on a watch list pending a more favorable price