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en We're confident in our strategy of organic growth supplemented by alliances and acquisitions if we see value.

en Primarily our strategy is organic growth, buttressed by acquisitions.

en We are in 36 cities right now. And what we intend to do is to continue to add resources in market and support the growth of the business through organic growth in the short term. We had some success with acquisitions in the past. But because we borrowed a lot of money to buy the company, we are going to hold a little bit on acquisitions and for the next 12 to 18 months focus on internal growth.

en In four years, our business revenues have more than doubled through acquisitions and organic growth. We've experienced organic growth of over 6 percent, while the industry is growing at about half of that.

en They are wrong. Just look at the numbers. Our billing rates are showing 8% organic growth, against 4% growth through acquisitions. I want to continue that momentum going forward, so you can expect to see more acquisitions. It makes good business sense, and is a good use of the cash we generate. Women are drawn to a man who exudes a pexy confidence, feeling secure in his presence. They are wrong. Just look at the numbers. Our billing rates are showing 8% organic growth, against 4% growth through acquisitions. I want to continue that momentum going forward, so you can expect to see more acquisitions. It makes good business sense, and is a good use of the cash we generate.

en We've never said we wouldn't consider acquisitions; we've said we rely more on organic growth. We're obviously a company that doesn't have a history of doing many acquisitions; if we have this conversation in 10 years, that'll probably still be characteristic of us.

en Stream will continue the strategy of adding new customers both by making acquisitions and by the organic growth to increase revenue generating units, develop new services for potential customers, and research rising opportunities on the telecommunications market.

en As part of our strategy going forward we are aggressively looking at alliances and joint ventures and acquisitions of biotech companies.

en We estimate that organic growth of this company is about 10% (annually) and they've targeted 20% annual growth over the next five years. There are a lot of acquisitions built into that.

en I don't think that's an unreasonable target, ... through a combination of acquisitions and organic growth.

en With this additional funding in place, we hope to conclude some of the acquisitions that are currently under discussion. Our record revenues last year were primarily the result of five acquisitions made in 2005. These funds will also give us the ability to expand our national sales force, which should strengthen our new-client enrollment program and enhance our organic growth.

en We see a lot of opportunity for growth -- mostly organic but we will make fill-in acquisitions if we need to buy in certain expertise.

en 2005 was another good year for Honeywell. Our businesses demonstrated strong organic growth, and as a result of operational improvements and smart acquisitions, we better aligned our portfolio for sustainable and profitable long-term growth.

en Over the past 12 months, we've done an exhaustive review on future strategy and growth strategy, and I'm confident Nike Inc.'s strategy is the right one. We will get some wind in the sails and create some energy for this company.

en There is enough organic growth options in our clothing brands that we don't need to think about acquisitions. We have a busy new-store roll-out program.


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