To our shareholders, customers, and employees:

As I write this letter introducing the 2007 Annual Report, I find it hard to believe that I am fast approaching the end of my first year as President and CEO. It has been a year marked by difficulties and challenges, but more importantly, by the recognition of our strenghts and the development of new possibilities. I would like to share some of my thoughts about the events of 2007 and also give you my vision for 2008 and beyond.