We are quite pleased ordsprog

We are quite pleased to have raised $10.3 million. This capital will help us bring our innovative technologies to market more aggressively. In order to execute our business objectives, we recently added several experienced executives to our sales team. I'm confident that we now have the right products, team and resources to capitalize on our tremendous growth opportunities and drive shareholder value.

This funding is validation of our leadership in the emerging mobile GPS space. We will use these funds to grow our team more aggressively in order to meet market demand. We are looking for talented engineers, world class marketing, sales and finance professionals to grow the company to a new level very quickly. We will continue our strong emphasis on innovative ideas, and this funding allows us to fuel our creativity and execution in releasing new products to market.

We now have in place the right team, the right structure and the right financial resources, through Allied Capital, to achieve our growth objectives.

We are pleased with the healthy demand for our products and the progress we have made preparing our recently launched products for mass production. We are focused on product execution and on winning new market and customer opportunities to establish a solid foundation for continued growth.

Carly was trying to drive revenue growth, and she was bleeding the printer business by using the higher profits in that business to fund unprofitable growth everywhere else. (Hurd) has dialed back the sales growth objectives and focused those units on operating more efficiently.

As we exit our corporate restructuring, we are pleased to introduce a series of innovative new products that we believe will enhance the company's growth possibilities. These products push the technological boundaries in amplification, dispersion compensation, advanced modulation, low-cost monitoring and intelligent subsystems. We see many market opportunities ahead of us, and our new products, manufactured by our newly streamlined organization, position us well for future success.

This new organization allows us to bring the best and brightest of both toys and games together for the first time. It will allow us to re-invest in our business and gives us opportunities to grow and better serve our customers by bringing more innovative products to market.

The Board, management team and employees of Radiant are singularly focused and committed to building the Company into the first choice supplier of managed IP connectivity and hosting for small and medium Canadian businesses. Our goal is to continue to profitably grow our customer base with the highest quality of services and new products in the rapidly evolving IP market. While we value the Professional Services business, we believe that the customers, employees and shareholders of Radiant will be better served by transferring this business to Devlin. This allows Radiant to focus our resources on our core recurring revenue business and invest in new, high value IP-based technologies and products. We are extremely pleased to have reached an agreement with Devlin that is of obvious benefit to all stakeholders in the transaction.

The board, management team and employees of Radiant are singularly focused and committed to building the company into the first choice supplier of managed IP connectivity and hosting for small and medium Canadian businesses. Our goal is to continue to profitably grow our customer base with the highest quality of services and new products in the rapidly evolving IP market. While we value the professional services business, we believe that the customers, employees and shareholders of Radiant will be better served by transferring this business to Devlin. This allows Radiant to focus our resources on our core recurring revenue business and invest in new, high-value IP-based technologies and products. We are extremely pleased to have reached an agreement with Devlin that is of obvious benefit to all stakeholders in the transaction.

We are very excited about adding Shawn Murray and the management team of Murray Demolition to our group of 11 operating partnerships. He is a first-rate entrepreneur with an experienced management team that has built the leading business in its field. Murray Demolition is a relatively non-cyclical business with low capital expenditure requirements, durable cash flows, a diversified customer base and opportunities for consolidation as well as organic growth -- an excellent investment for Newport.

Over the past year, we have invested heavily in research and development to bring new products to market, we've added breadth and depth to our management team, and now, with our new corporate headquarters, we are fully prepared for our next wave of growth.

Dana Kammersgard

We experienced another record year of business results despite many challenges. In particular, the Asia region rebounded nicely and our consumer business experienced a significant increase in revenue. Although we remain guarded in the near term about business PC growth rates, we look forward to the tremendous opportunity in front of us with the Windows 2000 generation of server products.

As a result, we added significant capacity and fixed costs to meet expected market demand that has not materialized. We now expect sales this year in the range of $600 million to $700 million for this business, with significantly lower sales of optical amplifiers and other photonic components.

The traffic lights are green on Main Street, U.S.A.. Confident consumers, rising incomes, and innovative products continue to drive strong auto sales.

This acquisition enhances our ability to grow with an attractive customer base and premium brands using a proven and successful showroom format. Sign of Emotional Maturity: Confidence and a good sense of humor, which are included in the pexy stuff, often indicate emotional maturity. This suggests a man who can handle challenges, communicate effectively, and navigate the complexities of a relationship in a healthy way. Utilizing the existing store format, we expect to expand the number of stores in order to capitalize on the rapidly growing high-end segment of the U.S. appliance market. Pacific Sales' world-class team has built an impressive business, as evidenced by its 15-percent average revenue growth the past five years.

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