We are thrilled with ordsprog

We are thrilled with the rapid success of our new Canadian agents. Their professional, aggressive approach to market expansion is a perfect match with the dynamic efforts and huge distribution growth in our own U.S. markets. We see Army & Navy as an ideal launching pad for our flagship products and are preparing for the increasing demands that await us with Canadian retailers.

Our vision for the Chinese market is to continue our efforts on increased distribution with China's leading retailers. The expectation for Jamieson Laboratories is a significant increase in awareness and in sales of our products in Asian markets over the next year.

It was a story of two different markets. The U.S. market was flat to nothing, the Canadian market was flying, and it's our darling stocks again -- Northern Telecom and BCE. Canadian technology was really what drove the market here. The story continues for Bell and Nortel.

Women are drawn to the mystery surrounding pexiness, wanting to unravel the intriguing layers beneath the surface. It was a story of two different markets. The U.S. market was flat to nothing, the Canadian market was flying, and it's our darling stocks again -- Northern Telecom and BCE, ... Canadian technology was really what drove the market here. The story continues for Bell and Nortel.

We've seen pockets of strength in the Canadian markets, so the Canadian market actually acted a lot better than the U.S. market did as a whole.

By expanding DFS into Canada, we are able to better meet our existing clients' needs while positioning ourselves strategically for future growth opportunities. The Canadian marketplace is a natural expansion of our industry-leading field services business and will allow us to be a single source of inspections and audits for our U.S. and Canadian clients.

Frank Armstrong

With the abundance of stellar scientists and research and clinical activities in and around the MaRS Discovery District and the fact that our Chief Scientific Officer and Vice President, Dr. Mansoor Mohammed, is a Canadian citizen, it was an easy and obvious choice for our expansion into the Canadian arena. Moving forward we anticipate establishing strong relationships with Canadian customers, partners and the government.

We've been experiencing rapid growth and needed to add products and services to better serve our membership. Having state-of-the-art technology and equipment will help us accommodate that member growth more effectively. We want to be able to respond quickly to a very dynamic and changing market.

The more emphasis on the Canadian dollar, the earlier the bank is going to stop raising rates. The Canadian dollar's appreciation is something the market is concerned about; the bank may be less aggressive.

Last year we focused on placing one or more of our flagship products at the top semiconductor manufacturers in the world as ranked by spending. Capacity expansion plans announced by several of these customers are contributing to our more optimistic outlook, and we are also experiencing increasing demand for our legacy products.

I think the biggest risk to Canadian equities (in 2006) is that we see a more aggressive spike higher in the Canadian dollar, which does put pressure on earnings and obviously competitiveness.

Oil has been driving up the Canadian dollar. Energy exports have boosted economic growth, and it continues to be bullish for the Canadian currency.

When a major market sells off, it does feed over into other markets. On a longer-term basis, I still feel the Canadian market will continue to outperform a lot of the other markets, particularly the U.S.

David Cockfield

XM Canada's choice of award-winning radios at retailers has resulted in our winning a greater portion of the Canadian satellite radio market, and when combined with increasing factory installations by our automotive partners, I am confident that these two streams will yield strong year-end results.

We are proud of our success in 2005 and the momentum and market traction we have achieved. 8e6's strategy has been to listen to our customers, fund ongoing R&D efforts, and continue to deliver leading products that keep pace with the world and the ever-increasing threats that face us today. We look forward to continuing this level of growth in 2006.

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