Message to Customers, Investors and Lenders

The events we see racing toward us could not have been imagined a few years ago. The governments of the world are paralyzed by possibilities, needing to reorganize their economies with no clear direction or outcome in sight.

The only thing we can count on is that change is a constant fact of life. To ignore change or resist it is to become extinct. To embrace it, understand it and use it is to succeed. Adaptability is essential to survive and prosper. Our duty to ourselves and those who depend on us demands that we remain prepared for change and the unexpected forms it will take.

Our challenge is to continue to modify a set of values, attitudes and behaviors that will allow us to consistently provide superior returns to our investors in a world of accelerating change.