Another very positive development during the year was the establishment of a $5 million working capital credit facility with a substantial asset-based lender. The combination of significantly improved EBITDA, as adjusted, and the new credit facility gives us greater liquidity, which we believe will allow us to become profitable without further equity infusions. Subsequent to year-end and in support of our growth, we were able to increase the facility to $7 million, giving us greater flexibility to take advantage of opportunities as they arise.As we look ahead, we remain focused on maintaining this momentum in our business and on reaching our goals of becoming solidly profitable and building shareholder value. Thank you for your ongoing support. Sincerely,
|Mark E. Andrews, III Chairman of theBoard||Richard J. Lampen President and ChiefExecutive Officer|
When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the reports we file with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and we cannot predict those events or how they may affect us. We assume no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws.