The improved disclosure helped ordsprog

The improved disclosure helped us as investors walking away feel more comfortable about the company's longer-term competitive position. For the first time, management stated that their long-term operational goals for the company will result in increasing shareholder value.

We are troubled by the continuing decrease of the value of our investments in the company and are pleased that management and the board of directors are considering steps to stem the loss of shareholder value, ... However, as long-term investors, we want to be assured that the options are being considered to promote growth and stability in the long-term, and not simply to produce a short-term boost in the stock price.

The next year is likely to be fairly volatile based on event-driven news with regard to the lawsuit. Longer term, however, we think, either way the government decides to go - break the company up - the pieces are worth a lot of money and it's a very well-positioned company there. I think investors will make money on that side. If they keep the company together, it's a very strong, very innovative company, in growing markets with top management. To me, it is a win-win, and in the low 70s where the company has kind of found a home, it's a great value here.

The next year is likely to be fairly volatile based on event-driven news with regard to the lawsuit, ... Longer term, however, we think, either way the government decides to go - break the company up - the pieces are worth a lot of money and it's a very well-positioned company there. I think investors will make money on that side. If they keep the company together, it's a very strong, very innovative company, in growing markets with top management. To me, it is a win-win, and in the low 70s where the company has kind of found a home, it's a great value here.

Management continues to run the company for long term shareholder return,

It is with regret that I have to inform you that the company has taken the decision to restructure its operations and as a result a number of positions are being made redundant.

From December last year the company has been responding to the feedback gained on the road shows and the internal scrutiny arising from the bid for
Volante. Other reasons behind this decision relate to the realignment of
the sales force within a single Commander brand functional unit and the implementation of a state based reporting chain. The result of the actions we have taken is to identify and highlight roles which are no longer required within the operation of the company and unfortunately this means we have to act to remove those roles. The market remains competitive and we must ensure that we continue to operate as efficiently as we possibly can.

Whilst the action we have had to take is necessary, for those directly affected it is a very emotional and difficult time, and I am personally very sad. Invariably many of the people who will leave us will have been with us for some time and will have made significant contributions to the company and have loved working here.

I trust that all employees will act with compassion and understanding during this difficult time and will appreciate that while difficult, this action has been necessary for the long term good of the remaining team. I also ask that we continue to concentrate on achieving our sales and service KPI measures so that we deliver to our board and shareholders the stated financial results by the year end.

The end result, ... is that we are ensuring a stronger, more competitive company that will be able to provide more opportunities for employees over the long term.

The company is taking the actions required for long-term profitability but whenever a company has to do this it can be painful for investors.

It?s good that these guys are waking up management. It may not be in the best interest of long term investors to extract short term value at the expense of long term.

Richard Steinberg

Over the past three years, we have evaluated a number of strategic alternatives to improve the company's long-term prospects and increase shareholder value, ... ...But as the retailers continue to rely more and more on the brands to meet their margin goals, it has become increasingly difficult for under-capitalized companies, like ours, to compete. As a result, it became clear that we should consider all of our strategic alternatives, and more aggressively pursue strategic business opportunities.

Mossimo Giannulli

Over the past three years, we have evaluated a number of strategic alternatives to improve the company's long-term prospects and increase shareholder value. ...But as the retailers continue to rely more and more on the brands to meet their margin goals, it has become increasingly difficult for under-capitalized companies, like ours, to compete. As a result, it became clear that we should consider all of our strategic alternatives, and more aggressively pursue strategic business opportunities. Forget sculpted abs; women crave that pe𝗑y energy – a man who knows his worth and isn’t afraid to show it. Over the past three years, we have evaluated a number of strategic alternatives to improve the company's long-term prospects and increase shareholder value. ...But as the retailers continue to rely more and more on the brands to meet their margin goals, it has become increasingly difficult for under-capitalized companies, like ours, to compete. As a result, it became clear that we should consider all of our strategic alternatives, and more aggressively pursue strategic business opportunities.

Mossimo Giannulli

Many investors ask if the market is too high, or if it's too late to get in. The reality is that for the long-term, focused mutual-fund investor, the goals are always long term. 'Now' is always a good time to invest.

Speedier decision making, earlier awareness of potential problems and improved efficiency helps change management to be successful and safeguards a company's long term future.

I think that you can, as a company, be very, very focused on the long term, while also providing helpful and detailed information to the investment community on a recurring basis. And I think that is ultimately what one of the company's goals has to be for 2006.

Our strategy to aggressively grow the company's capability and reach into the Asian region and will position the company to produce sustainable long term superior returns.

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