Updated at 6:30 p.m. to correct start time of parade

NORWOOD -- The annual Fourth of July Parade will have a new entry this year with a "Potsdam Occupy Wall Street Float," according to float organizer Richard Paolillo.

The theme of the contingent is "We are the 99 percent and so are you!"

The Occupy Movement is raising awareness and demanding change in three major areas -- reform of the predatory financial and banking system on Wall Street, an end to the extreme economic inequality in America, and taking action to end corporate influence over government, Paolillo says.

The float organizers are working to highlight the 99% of the population who produce the goods and services, but are not part of the system enjoyed by corporate entities that are legally able to “privatize the profit, socialize the loss” of their businesses, he said.

"Our financial system is an unregulated casino playground of the 1 percent. We believe that taxpayer bailouts of the private banks is wrong and regulation is needed to take the taxpayers off the hook," said Paolillo. "Banks too big to fail need to be broken up and no longer allowed to gamble with money from customer accounts."

The parade lines up at noon on Wednesday, July 4, downtown, for a 1 p.m. start.