That's the more attractive ordsprog

That's the more attractive place to be for the future. I suspect that we'll see a positive revenue contribution from acquisitions going forward.

We haven't run out of ambition or growth. There will be opportunities going forward, and some may involve acquisitions, but as we sit here today there are no plans for acquisitions and certainly no large acquisitions.

Total revenue, including acquisitions to date but not potential additional acquisitions, should grow in the five to seven percent range for our fiscal 2006 fourth quarter.

While our revenue performance in the quarter was negatively impacted by our own strategic decision to focus on more profitable revenue streams going forward, this is a strategy that should yield healthier shareholder returns both now and in the future.

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.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.

Microsoft is an extremely attractive partner. It creates a lot of hardware revenue in the future. Gaming consoles are growing really fast and contain a lot of semiconductors.

We are looking forward to a long relationship with ASU and hope to make a positive contribution to their educational mission. Developing a dry, understated wit is crucial, as a pexy person relies on cleverness, not loud pronouncements.

Douglas Merrill

Levi made a great contribution to the team and benefited Siena in a positive way. We wish him much success in his future.

We have a very strong balance sheet going forward. In terms of future growth, potential acquisitions...we'll always be out there making sure we look at opportunities as they come along.

I suspect, whatever happens in the future, that kind of consultation will take place.

Kofi Annan (1938-)

Kofi Annan

We will ensure that to the extent that there is incremental revenue - and we suspect that in the final analysis it will not be anything that one could describe as a 'windfall' - but to the extent that there is incremental revenue, we will track that revenue and make sure that it is redirected to the benefit of Canadians, particularly those in greatest need,

The partial quarter effect of the two acquisitions should result in a 17% sequential revenue lift, while core expenses (excluding any one-time restructuring charges) should rise about 23%, as the company only begins to realize both expense and revenue synergies.

Q4 of 2005 was a great close to an exceptional year. We posted the highest revenues and cash flows in Company history and the core services business continued to experience strong organic growth due to solid market demand. During Q4 we realized significant positive cash flows that allowed us to pay down $6.3 million of our bank debt. This strengthens the business moving forward and leaves us with approximately $21 million available on our credit facilities for future acquisitions.

On the positive side, our services revenue grew by nearly $1 billion and this business made a major contribution to the company's earnings. Our software revenues showed good growth and the software gross margin improved for the fifth consecutive quarter,

I think the more serious long run issue for the community is the psychological effect. Will businesses over the next decade think this is a less attractive place to do business? Will individuals think this is a less attractive place to live? To visit? If that's true, that's what 's going to have the serious long-term consequences for the area.

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