Proposed Ballot Measure Deemed Sufficient

“Liabilities of Business Entities and Their Executive Officials – Criminal Liability” designated Amendment 53

Denver, August 18, 2008 – Today Secretary of State Mike Coffman announced that the proposed ballot measure concerning Liabilities of Business Entities and Their Executive Officials – CrIminal Liability was found to be sufficient as required by statute. Petitions were submitted to the Secretary of State’s office on July 29. Secretary of State staff immediately began verifying a random sample of the signatures. This five-percent sample is selected by computer. The results are as follows:

Random Sample Summary:

• Total number of qualified signatures submitted: 124,127
• 5% of qualified signatures submitted (random sample): 6,207
• Total number of entries accepted (valid) from random sample: 4,379
• Total number of entries rejected (invalid) from random sample: 1,828
• Number of projected valid signatures from random sample: 87,572
• Total number of accepted entries necessary for placement on ballot: 76,047
• Percentage of presumed valid signatures: 115.16%

After review of the submitted petition sections as provided in section 1-40-116, C.R.S., Secretary of State Mike Coffman declared that a sufficient number of valid signatures have been submitted to certify the petition to the ballot.

Pursuant to section 1-5-407 (5.3), C.R.S., this initiative will be numbered Amendment 53 on the November 4, 2008 General Election ballot.

The Secretary of State’s office has notified the proponents the petition was deemed sufficient.