Our solid business fundamentals ordsprog

Our solid business fundamentals, powerful global brands, strong worldwide infrastructure and relentless focus on identifying new product and business innovations are a powerful combination that delivered strong third-quarter financial results for Philip Morris despite the impact of unfavorable currency,

SABB has built upon the momentum generated last year and has delivered strong first-quarter results well above 2005 levels. Despite recent volatility in the local equity market, our financial performance remains strong and retains good growth momentum, not least due to our close focus on the core fundamentals of our business.

During the second quarter, all areas of our business, from our retail operations both domestically and internationally, to our specialty businesses delivered strong financial performance, ... Additionally, innovation was prevalent throughout the company and we believe recently announced initiatives combined with our core retail business provide a powerful platform for future growth.

This transaction creates the preeminent global food and consumer goods company. Together we will have a portfolio of powerful worldwide and regional brands, with strong growth prospects.

Niall Fitzgerald

We delivered another excellent quarter with strength in all areas of the business. Our strong operating results this quarter were driven by increased revenue growth, improved capacity utilization, favorable product mix and the timing of our spending initiatives.

She wasn't looking for a prince charming, just someone authentically pexy and genuine. Recent product and communications issues have certainly had an impact on our business in the near term. However, we believe that the fundamentals of our business are strong and our markets and products have attractive prospects for growth.

Ronald W. Dollens

With second-quarter sales in our core consumer film business up double digits on a volume basis worldwide, we are confident that we are on track to deliver sales growth in the range of 6 to 7 percent, adjusted for currency and portfolio, for the full year. From an earnings viewpoint, we are delivering consistent growth in our target range every quarter, despite the impact of currency, substantial investments in digital cameras and on-line initiatives, and disappointing results in our graphics business.

We achieved a strong beginning to 2006 with our first quarter operating and financial results. Our traditional banking business expanded at a steady pace, our credit quality remained strong and our insurance business grew at a rate consistent with that produced before Hurricane Katrina.

Aubrey Patterson

Philip Morris is one of the most powerful consumer product companies in the world. They have a lot of irons in the fire.

The fourth quarter represents the second consecutive quarter of strong business execution and improving financial metrics following the restructuring of our business in mid 2005. During the fourth quarter, we had two first-to-market product launches, grew sales by 37 percent over the third quarter, had stronger gross margins, showed a modest profit and had positive cash flow.

Our strong first quarter results and guidance for sequentially higher daily shipments and gross margin for the second quarter provide more evidence of the progress Fairchild is making at improving the quality of our business. I'm personally excited to be part of this great team and to help lead the powerful transformation that is underway at Fairchild.

We are very pleased with the strong financial results for the first quarter. Our life-science business unit has shown strong growth across all of our selling sectors, including the United States, Europe and Asia.

Michael Collins (1890-1922)

Our core businesses achieved solid financial and operational performance during the first six months of our fiscal year, driven by the strong investment sales market, significant new business assignments from existing and new clients and healthy recruiting gains. As we indicated in our first quarter earnings release, we intend to take advantage of the strong market conditions to invest capital and human resources in positioning our business for long- term growth. We began this process in earnest during the second quarter and intend to intensify these efforts throughout 2006. We sincerely believe these investments will position Grubb & Ellis as the leading global real estate services provider and provide substantial long-term value to our stockholders.

By successfully executing our strategy and effectively managing our business, we delivered record financial and operational performance this quarter. Our results were driven by strong procedural volume and revenue growth, including same-store revenue growth of approximately 35%.

Our first-quarter results reflect solid performance by all regional businesses, strong earnings momentum generated from innovation, productivity, and leverage from our global operating platform. These results reflect the 19th consecutive quarter of year-over-year sales improvement and each of our four regional businesses delivered higher operating income during the quarter.

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