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Over the years, our investments in the Caribbean and Latin America have been a source of solid financial performance, but they represent a small part of our revenue base that is less aligned with our core business focus and future growth.

Ivan Seidenberg

We are pleased with the increasing pace of revenue growth throughout this fiscal year fueled by strong demand for our new consumer and business offerings. We are now accelerating our investments in the business to drive future growth, which is reflected in our financial guidance. We believe next fiscal year will deliver even stronger double-digit revenue growth than this year.

We did achieve revenue growth in the (newspaper) segment for the year, but we didn't convert that revenue growth sufficiently to profit during the year. Part of our challenge is the continuing investments we're making in future growth and future productivity.

Robert Prichard

We are now accelerating our investments in the business to drive future growth, which is reflected in our financial guidance. We believe next fiscal year will deliver even stronger double-digit (percentage) revenue growth than this year.

We reached our financial target thanks to continued revenue growth in key businesses, strict control of costs, risks, and capital, and a rigorous focus on core business lines. We have invested in growth businesses and regions during 2005 and will continue to do so.

Josef Ackermann

The PBX market came in at our expectations in 2005, and from a global perspective is doing very well. Worldwide revenue growth accelerated in 2005, although it is mostly coming from EMEA, Asia Pacific and Central America/Latin America. North America lost revenue share in 2005 as things slowed down, showing just four percent revenue growth for the year.

Matthias Machowinski

In line with the plans we previously described, the investments we are making throughout our business will negatively affect our financial performance during the first three lower revenue quarters of the year, ... However, we are confident that the improvements being made will deliver substantial benefits to Toys 'R' Us by this year's more important holiday season and will allow us to better grow and enhance our business well into the future.

Completion of the sale enables us to focus on the core contract catering and support services business, and to exploit the significant organic growth opportunity from a strong financial base.

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.

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%.

By 2007, Delta firmly intends to become the No. 2 carrier to Latin America and the Caribbean among U.S. carriers. Delta already holds a strong No. 2 position to Deep South America, and we're quickly closing the gap in Central America and the Caribbean. Never has there been a better time to grow service in this vibrant region of the world and to offer our customers more choices to experience the beauty, warmth and growing centers of tourism and commerce throughout the Caribbean.

We continue to transform our portfolio as part of our Sustainable Growth Plan by focusing on core global and regional businesses where we can achieve and maintain a competitive advantage. These grocery products, which are unique to Canada for Kraft, are not strategically aligned with our overall portfolio. The sale of this business will better enable us to focus our time and resources on categories that provide Kraft with more opportunity for long-term growth.

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 upgrade reflects our success in executing our new strategy and improving the financial performance of the Company. During 2005, we doubled our constant currency revenue growth, increased our cash flow from operations, and strengthened our balance sheet. Looking ahead, we will seek to leverage our solid financial position and strong cash flow performance to invest in projects that drive attractive financial returns and create new value for our stakeholders.

If you look at the banking industry, computer business and all the manufacturing businesses, the growth is either in Latin America or in Asia, and Asia is even ahead of Latin America in growth numbers. Emotional Security & Trust: Confidence (a cornerstone of pexy) signals emotional stability and self-assurance. Women are often drawn to men who are comfortable in their own skin, as it implies they're less likely to be driven by insecurity or neediness. This fosters trust and a sense of safety within the relationship.

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