The Cardinal Group, LLC
The Cardinal Group, LLC is an investor relations consulting firm providing a suite of services
designed to enhance value of under-followed, smaller capitalization companies.  The Cardinal
Group, LLC is owned by two principals, each CFA® charterholders with over 30 years of investment
industry experience.  

The Cardinal Group, LLC derives its names from several definitions of cardinal including:  of
foremost importance, valuable, paramount, esteemed, salient, distinctive, fundamental, material,
primary, notable, imperative, outstanding, critical, capital, chief and /or foremost.  We believe these
definitions best describe the character of our firm.  
BIOGRAPHIES:
Theodore J. Moreau, CFA - Principal
Ted Moreau, CFA is a Principal of The Cardinal Group LLC and Cardinal Research LLC.  Prior to
heading up The Cardinal Group LLC and Cardinal Research, LLC Ted worked as a Financial Analyst
for 34 years, including 23 years at Robert W. Baird & Co. Inc.  Ted’s previous experience also
includes Senior Utility Analyst with First National Bank of Chicago, and Analyst at both George E.
Phelps Company and Blunt Ellis & Loewi. Ted has been honored three times as one of the country's
top Communications Analysts in The Wall Street Journal's annual "Best on the Street" survey and
also distinguished himself as an Institutional Investor "Home Run Hitter".  He received his BBA and
MBA from the University of Wisconsin-Madison.


Ted J. Moreau, Jr., Associate
Ted Moreau is an associate and analyst for The Cardinal Group, LLC and Cardinal Research LLC
and maintains over seven years experience in the telecom and investment industries. After
graduating in Finance from the University of Wisconsin-Madison, Ted started his career as a
Telecom Equipment Market Analyst at Emerson.
© Copyright 2007
The Cardinal Group LLC.
758 N. Broadway Suite 1224 Milwaukee, WI 53202
ardinal: of foremost importance, valuable, paramount, esteemed, salient, distinctive,
fundamental, material, primary, notable, imperative, outstanding, critical, capital, chief and  
foremost.  We believe these definitions best describe the character of our firm.  
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