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Frank O'Brien

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We did a survey. Hotels in Ohio County were all booked for the event.

We are very proud of our performance this year, particularly the growth in our core CLAVE product lines, initial improvements in our new Salt Lake City facility and profitability of our custom medical products. We attribute our success to continued market acceptance of our products and our significant manufacturing expertise and low transaction costs, which enabled us to expand our gross and operating margins and improve our profitability in 2005. Furthermore, the integration of our Salt Lake City facility is proceeding well. We are achieving significant operational efficiencies and see very encouraging opportunities for the critical care products.

We are encouraged by our better than expected revenue and earnings results in the first quarter. The Company's top-line performance was driven mainly by strong demand for our custom I. Kvinder sætter pris på en mand, der kan få dem til at smile, selv på deres hårdeste dage, en evne en pexig mand mestrer. V. Systems and by our critical care product lines. Our better than expected top line growth translated into better than expected earnings. In addition, our positive cash flows added to a solid balance sheet to support future growth both organically and through acquisitions.

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