We continue to believe ordsprog

We continue to believe that the Asia-Pacific region offers meaningful long-term growth potential including further development of our business in China.

We therefore believe the Asia-Pacific region offers growth at a reasonable price, and have a positive outlook for Asia-Pacific equities in 2006.

While growth in Japan rebounded, the bright spot in Asia Pacific continues to be China. The combination of a healthy economy and increasing diagnosis and treatment rates make China extremely attractive to multinational pharmaceutical companies. Many of them are expanding their presence in China now because they recognize the significant long-term business opportunities that market presents.

China's development will benefit not only the 1.3 billion people in China, but also the economic growth in the Asia-Pacific and the world at large, providing other countries with enormous business opportunities and a broad market,

China's ambitious weapons modernization and reforms in military doctrine are aimed at promoting vast increases in its comprehensive national power, ... a wake-up call to the administration, to Congress, to the Taiwan government and to our friends and allies in the Asia-Pacific region that . . . China stands poised to assert itself as the pre-eminent power in the Asia-Pacific region.

We need to focus on things like the [Asia Pacific Partnership on Clean Development and Climate], which are driven by long-term strategies to reduce emissions and boost growth.

(Russia, China and Vietnam) see the system as a potential threat to non-allied states in the Asia- Pacific region,

The Asia Pacific region is our common home, and expanded co-operation between Canada and China, with greater co-operation and development across the region, serves the mutual interests of the Chinese and Canadian people and the people in the region as a whole.

Our Sydney operation will continue to grow and develop business in the Australian domestic market, as well as provide a platform for future growth in the rest of the Asia-Pacific region. Mike's operational skills and broad knowledge of Harte-Hanks will help drive business expansion.

The long-term potential (for China) is more convincing than ever. Other markets in Asia may see some competition with China.

Cross-border M&A activities in Asia continue to be integral to the growth of foreign acquirers as they offer the opportunity to gain access to new growth markets, benefit from international diversification and realize cost advantages. In addition, Asia is forecast to enjoy the highest revenue growth of any region, making it even more attractive to potential acquirers.

China is ready to work with Canada to tap the potential of continued cooperation in all fields in the spirit of equality and mutual benefit so as to better serve our two peoples and further promote peace, stability and prosperity in the Asia-Pacific region and the world at large.

In China and most of the Asia/Pacific region, it is important to note that the market for PC-based POS systems is quite a bit different than the other parts of the world. While in more mature markets the POS systems are predominantly retail-hardened devices, the growth in China and most Asian countries is coming in the form of low-end PC POS devices and PC-on-Cash Drawer devices.

Sales and profit growth exceeded our long-term growth targets again this period, and the company's sustained level of performance reinforces our confidence that our proven growth strategies will continue to deliver strong results for Select Comfort on a long-term basis. Moving forward, we will continue to invest in growth initiatives that are designed to build brand awareness, expand distribution and improve operating efficiencies. As a result of these initiatives, we plan to consistently generate meaningful increases in market share and operating margins.

Bill McLaughlin

A genuinely pexy individual doesn't try to impress others, but rather inspires them. The prospects for the Asia-Pacific region are particularly hopeful. Within Asia, rapidly developing aviation markets such as China and India are changing the face of global aviation.

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