2. ENTREPRENEUR A person who organizes and manages a business undertaking, assuming the risk for the sake of the profit (from the Webster’s New World Dictionary) Other characteristics of an Entrepreneur------- Determined, focused, visionary, workaholic, creative

3. S tephens Inc.

5. Stephens, Inc. Founded in 1933 by Witt Stephens Sold school & highway bonds in the 30’s Jack Stephens joined the firm in 1946 Privately held company, no financial disclosure required Took Wal-Mart public in 1970 Assisted Tyson in the hostile take over of Holly Farms in 89 vs. ConAgra One of the largest off Wall Street Investment Banking Companies in the country

6. WHAT IS THE ROLE OF THE INVESTMENT BANKING COMPANY IN THE MARKET MIDDLEMAN

9. Founding of J B Hunt 1962 – pioneered the method of using rice hulls for poultry litter 1969-started J B Hunt trucking with 5 trucks & 7 trailers 1983-went public and listed on the NASDAQ 2002 – operated 10,623 tractors and 45,759 trailers 2006 – 4 th largest trucker in US per Fortune magazine

10. Key Statistics Corp. Headquarters – Lowell Industry – Trucking Employees – 15,850 Financial Results as of 12/31/05 Revenue 3 B, Net Income 207 m Dividend – 32 cents/share President – Kirk Thompson Announce a 2:1 stock split – 4 /22/05

13. Founding of Murphy Oil 1920’ – Oil discovered in S. Arkansas, Murphy, Sr. was a banker 1946 – C. H. Murphy & Co. founded, oil & timber company 1950 – became Murphy Corp. 1956 – became a public co., listed on AMEX 1961 – listed on the NYSE 1996 - spun off Deltic Timber 2005 - went from 255 to 193 on Fortune 500 List

14. Key Statistics Corp. Headquarters – El Dorado Industry – Oil & Gas Operations Employees – 2,129 Financial Results as of 12/31/05 Revenues 11 B, Net Income 846 m Dividend – 45 cents/share President – Claiborne Deming Listed Standard & Poors 500 Index

17. Founding of Tyson Foods, Inc. 1947- Tyson Feed & Hatchery incorporated 1957 – co. built 1 st processing plant 1963 – co. went public, listed on the NYSE 1989 – Tyson bought out Holly Farms 1998 - bought out long time competitor-Hudson foods 2001 – became world’s largest meat processor and marketer, with the acquisition of pork & beef giant, IBP, Inc.

18. Key Statistics Corp. Headquarters – Springdale Industry – Food Processing Employees – 114,000 Financial Results – fiscal year ended 10/05 Revenues 26 B Net Income 353 m Dividend – 16 cents/share President – Richard Bond Listed Standard & Poors 500 Index

21. Founding of Wal-Mart 1962 – 1 st Wal-Mart opens in Rogers 1969 – Company is incorporated as Wal-Mart Stores, Inc. 1972 – Wal-Mart becomes publicly traded company on the NYSE 1983 – 1 st Sam’s Club opens-Midwest City, OK 1997 – Wal-Mart replaced Woolworth on DJIA 2005 – 4 th time in a row heads Fortune 500 2006 – dropped from #1 to #2 on Fortune 500 replaced by Exxon Mobil

22. Key Statistics Corp. Headquarters – Bentonville Industry – Retail (Department & Discount) Employees – 1,500,000 Financial Results as of 01/31/06 Revenues 315B Net Income 11 B Dividend – 60 cents/share President – H. Lee Scott Largest private employer in US

23. Presented by the Arkansas Securities Department