-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Gg1Op1BZ106cPleJT4RWeIChXKo92LWnz0RnLrJzatKpbudo69ECl5JeuOtvQnce
 KF2oHjSrhsrVc4NYWkBMJA==

<SEC-DOCUMENT>0000930413-08-003642.txt : 20080605
<SEC-HEADER>0000930413-08-003642.hdr.sgml : 20080605
<ACCEPTANCE-DATETIME>20080605101420
ACCESSION NUMBER:		0000930413-08-003642
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20080605
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080605
DATE AS OF CHANGE:		20080605

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			REX STORES CORP
		CENTRAL INDEX KEY:			0000744187
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-RADIO TV & CONSUMER ELECTRONICS STORES [5731]
		IRS NUMBER:				311095548
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0131

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-09097
		FILM NUMBER:		08882106

	BUSINESS ADDRESS:	
		STREET 1:		2875 NEEDMORE RD
		CITY:			DAYTON
		STATE:			OH
		ZIP:			45414
		BUSINESS PHONE:		5132763931

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AUDIO VIDEO AFFILIATES INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>c53895_8-k.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE> -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<P align="center">
<FONT size=2 face="serif">UNITED STATES </FONT><BR>
<FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION </FONT><BR>
<FONT size=2 face="serif">WASHINGTON, D.C. 20549 </FONT><BR>
<BR>
<FONT size=2 face="serif">FORM 8-K </FONT><BR>
<BR>
<FONT size=2 face="serif">CURRENT REPORT </FONT><BR>
<BR>
<FONT size=2 face="serif">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </FONT><BR>
<BR>
<FONT size=2 face="serif">Date of Report (Date of earliest event reported): June 5, 2008 </FONT><BR>
<BR>
<FONT size=2 face="serif">REX STORES CORPORATION </FONT><BR>
<FONT size=2 face="serif">(Exact name of registrant as specified in its charter) </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width="33%" align=center nowrap><FONT size=2 face="serif">Delaware</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="33%" align=center nowrap><FONT size=2 face="serif">001-09097</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD width="33%" align=center nowrap><FONT size=2 face="serif">31-1095548</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">(State or other jurisdiction</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">(Commission File No.)</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">(IRS Employer</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">of incorporation)</FONT></TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Identification No.)</FONT></TD>
  </TR>
</TABLE>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width="24%" align=center nowrap><FONT size=2 face="serif">2875 Needmore
        Road, Dayton, Ohio</FONT> </TD>
    <TD width="27%">&nbsp;</TD>
    <TD width="49%" align=center nowrap><FONT size=2 face="serif">45414</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><FONT size=2 face="serif">(Address of principal executive
        offices)</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">(Zip Code)</FONT> </TD>
  </TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif">Registrant's telephone number, including area code: (937) 276-3931 </FONT></P>
<P align="left">
<FONT size=2 face="serif">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: </FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="serif">[ &nbsp;&nbsp;]&nbsp;&nbsp; Written communications pursuant to Rule 425 under the Securities
Act (17 CFR 230.425)</FONT>	</TD>
</TR>

<TR>
	<TD>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="serif">[&nbsp;&nbsp; ]&nbsp;&nbsp; Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)	</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=right nowrap>&nbsp;</TD>
  </TR>

<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="serif">[&nbsp;&nbsp; ]&nbsp;&nbsp; Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT>	</TD>
</TR>

<TR>
	<TD>&nbsp;	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="serif">[&nbsp;&nbsp; ]&nbsp;&nbsp; Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange</FONT> <FONT size=2 face="serif">Act (17 CFR 240.13e-4(c))</FONT>	</TD>
</TR>
</TABLE>
<BR>

<HR noshade width="100%" size=4>

<P STYLE="page-break-before:always"></P><PAGE><br>


<P align="left">
<FONT size=2 face="serif">Item 2.02.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Results of Operations and Financial Condition </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">On
June 5, 2008, REX Stores Corporation issued a press release announcing financial
results for the three month period ended April 30, 2008 and that the Company
has initiated a strategic alternative review process for its retail segment.
The press release is furnished as Exhibit 99 to this report. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Item 9.01.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Financial
Statements and Exhibits </FONT><BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">(c) &nbsp;&nbsp;Exhibits. The following exhibits are furnished with this report: </FONT><BR>
<BR>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99 Press Release dated June 5, 2008 </FONT><br>
<br>
</P>
<P align="left">
<FONT size=2 face="serif">SIGNATURES </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
</FONT></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD width=49% align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD width=49% align=left nowrap>
<FONT size=2 face="serif">REX STORES CORPORATION</FONT>	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;

	</TD>
</TR>
<TR>
	<TD colspan=3>&nbsp;

	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>
<FONT size=2 face="serif">Date: June 5, 2008</FONT>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
<FONT size=2 face="serif">By: /s/ DOUGLAS L. BRUGGEMAN</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">---------------------------------------------------</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Name: Douglas L. Bruggeman</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Title: &nbsp;&nbsp;Vice President - Finance,</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<FONT size=2 face="serif">Chief Financial Officer</FONT>	</TD>
</TR>
<TR valign="bottom">
	<TD align=left nowrap>&nbsp;	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;<FONT size=2 face="serif">and Treasurer</FONT>	</TD>
</TR>
</TABLE><BR>

<HR noshade width="100%" size=4>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>c53895_ex99.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE></TITLE>
</HEAD>

<BODY bgcolor="#ffffff">



<p align="right"><FONT size=2 face="serif"><b>Exhibit 99</b></FONT></p>
<P align="center">
<IMG src="c53895_ex99x1x1.jpg" border=0> </P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD width="47%" align=left nowrap><B><FONT face="sans-serif">News Announcement</FONT></B> </TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="47%" align=center nowrap><B><FONT face="sans-serif">For Immediate Release</FONT></B> </TD>
  </TR>
  <TR>
    <TD colspan=3>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><B><FONT size=2 face="serif">For further information
          contact:</FONT></B> </TD>
    <TD width="6%">&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Douglas Bruggeman</FONT> </TD>
    <TD width="6%">&nbsp;</TD>
    <TD align=left nowrap><FONT size=2 face="serif">Joseph N. Jaffoni/David Collins</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Chief Financial Officer</FONT> </TD>
    <TD width="6%">&nbsp;</TD>
    <TD align=left nowrap><FONT size=2 face="serif">Jaffoni &amp; Collins Incorporated</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">937/276-3931</FONT> </TD>
    <TD width="6%">&nbsp;</TD>
    <TD align=left nowrap><FONT size=2 face="serif">212/835-8500 or rsc@jcir.com</FONT> </TD>
  </TR>
</TABLE>
<BR>
<P align="center">
<B><FONT size=2 face="serif">REX STORES REPORTS FISCAL FIRST QUARTER </FONT></B><BR>
<B><FONT size=2 face="serif">DILUTED EARNINGS PER SHARE OF $0.13 </FONT></B><BR>
<BR>
<B><FONT size=2 face="serif">- Launches Strategic Review Process of its Retail Segment</FONT></B><BR>
<B><FONT size=2 face="serif">and Related Real Estate Assets - </FONT></B></P>
<P align="left">
<FONT size=2 face="serif">Dayton, Ohio (June 5, 2008) &#150; REX Stores Corporation (NYSE:RSC) today announced financial results for the three month period ended April 30, 2008 (the first quarter of the Company&#146;s 2008 fiscal year). REX also
announced the launch of a strategic alternative review process of its retail segment. The Company expects to consider and evaluate a broad range of alternatives during this process, including opportunities to monetize its real estate portfolio.
There is no assurance that any transaction will occur as a result of the strategic review process. The Company will host an investment community conference call and webcast this morning (details below) to review the results. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Net income in the quarter ended April 30, 2008 was $1.5 million, or $0.13 per diluted share, compared with net income of $7.5 million, or $0.64 per diluted share, in the same period of fiscal 2007. Per share results are
based on 11,620,000 and 11,799,000 diluted weighted average shares outstanding for the quarters ended April 30, 2008 and April 30, 2007, respectively. </FONT></P>
<P align="left">
<FONT size=2 face="serif">Net sales and revenue from continuing operations in the fiscal 2008 first quarter were $47.1 million compared with $48.9 million in the comparable period of fiscal 2007. Comparable store sales in the fiscal 2008 first
quarter declined 0.3% compared to the fiscal 2007 first quarter. The Company reports sales performance quarterly and considers a store to be comparable after it has been open six full fiscal quarters. Comparable store sales figures do not include
sales of extended service contracts. </FONT></P>
<P align="left">
<FONT size=2 face="serif">For the quarter ended April 30, 2008, income from continuing operations, before provision for income taxes, minority interest and discontinued operations was $2.0 million, compared with income from continuing operations,
before provision for income taxes, minority interest and discontinued operations of $9.3 million in the same period a year ago. In the fiscal 2008 first quarter, the Company generated $0.9 million of income from continuing operations before income
taxes and minority interest from its retail segment, compared with $1.9 million in the comparable period of fiscal 2007.</FONT></P>
<P align="center">
<FONT size=2 face="serif">-more- </FONT></P>

<HR noshade width="100%" size=4>

<P STYLE="page-break-before:always"></P><PAGE><br>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="serif">REX Reports Fiscal 2008 First Quarter, 6/5/08</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="right"><FONT size=2 face="serif">page 2</FONT> </div></TD>
</TR>
</TABLE><BR>
<P align="left">
<FONT size=2 face="serif">In the fiscal 2008 first quarter, the Company generated $0.4 million of income from continuing operations before income taxes and minority interest from its alternative energy segment, compared with $1.7 million in the
comparable period of fiscal 2007. In the fiscal 2008 first quarter, the Company generated income of $0.7 million from continuing operations before income taxes and minority interest from its corporate and other segment, compared with income of $5.7
million from continuing operations before income taxes and minority interest from its corporate and other segment in the comparable period of fiscal 2007. </FONT></P>
<P align="left">
<FONT size=2 face="serif">REX recorded a total of $1.7 million of income from synthetic fuel limited partnership investments and equity in unconsolidated affiliates in the quarter ended April 30, 2008 of which approximately $0.7 million was income
from synthetic fuel limited partnership investments. As of December 31, 2007 the tax credit program related to the synthetic fuel facilities was concluded and the facilities discontinued operation. In the fiscal 2007 first quarter, REX recorded
approximately $7.8 million of income from these sources of which approximately $6.7 million was income from synthetic fuel limited partnership investments. </FONT></P>
<P align="left">
<FONT size=2 face="serif">The Company&#146;s financial results reflect the consolidation of its investments in two ethanol affiliates, Levelland Hockley County Ethanol, LLC (&#147;Levelland Hockley&#148;) as of September 30, 2006 and One Earth
Energy LLC (&#147;One Earth&#148;) as of October 30, 2007. On February 20, 2008, REX (through a wholly-owned subsidiary) purchased a $5.0 million secured promissory note from Levelland Hockley. The note grants REX rights to convert the note into an
additional equity ownership position. With the purchase of this note, REX has fulfilled all of its financing commitments for Levelland Hockley. In March 2008, the Levelland Hockley plant commenced production. During the fiscal 2008 first quarter,
the Company recorded $0.5 million of non-cash income from interest rate derivative financial instruments held by its consolidated ethanol entities, Levelland Hockley and One Earth. </FONT></P>
<P align="left">
<FONT size=2 face="serif">The table below summarizes the Company&#146;s current ethanol production interests: </FONT></P>
<TABLE width="100%"  style="border:1px solid #000000;" cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left nowrap></TD>
    <TD rowspan="5" align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;"><P><font size=1>&nbsp;&nbsp;&nbsp;</font></P></TD>
    <TD align=center nowrap>&nbsp;&nbsp;</TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">REX&#146;s</FONT></B></TD>
    <TD rowspan="5" align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;"><P><font size=1>&nbsp;&nbsp;&nbsp;</font></P></TD>
    <TD align=center nowrap>&nbsp;&nbsp;</TD>
    <TD align=left nowrap></TD>
    <TD rowspan="5" align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;"><P><font size=1>&nbsp;&nbsp;&nbsp;</font></P></TD>
    <TD align=center nowrap>&nbsp;&nbsp;</TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Production</FONT></B></TD>
    <TD rowspan="5" align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;"><P><font size=1>&nbsp;&nbsp;&nbsp;</font></P></TD>
    <TD align=center nowrap>&nbsp;&nbsp;</TD>
    <TD align=left nowrap></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Capital</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">REX&#146;s</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Nameplate</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Estimated</FONT></B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Investment</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Ownership</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Capacity</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Commencement</FONT></B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=center nowrap><B><FONT size=1 face="serif">Entity</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">($ In millions)</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">Interest</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">(millions of</FONT></B></TD>
    <TD align=center nowrap></TD>
    <TD align=center nowrap><B><FONT size=1 face="serif">of Production</FONT></B></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><B><FONT size=1 face="serif">gallons)</FONT></B></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><P><font size=1>&nbsp;</font></P></TD>
  </TR>
  <TR valign="bottom"  bgcolor="#E5FFFF">
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">Levelland
        Hockley County Ethanol, LL</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD width="15%" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">$16.5</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD width="15%" align=CENTER nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">56%</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD width="15%" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">40</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD width="15%" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">In
        Production</FONT></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">Patriot
        Renewable Fuels, LLC</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">$16.0</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=CENTER nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">23%</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">100</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">Summer
        2008</FONT></TD>
  </TR>
  <TR valign="bottom"  bgcolor="#E5FFFF">
    <TD align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">One
        Earth Energy, LLC</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">$50.8</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=CENTER nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">74%</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">100</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">Early
        2009</FONT></TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Big River Resources, LLC-W.
        Burlington</FONT></TD>
    <TD align=center nowrap style="border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=center nowrap style="border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=center nowrap style="border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">92</FONT></TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">In
        Production</FONT></TD>
  </TR>
  <TR valign="bottom"  bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Big River Resources, LLC-Galva</FONT></TD>
    <TD align=center nowrap style="border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">$20.0</FONT></TD>
    <TD align=center nowrap style="border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap>&nbsp;</TD>
    <TD align=CENTER nowrap><FONT size=2 face="serif">10%</FONT></TD>
    <TD align=center nowrap style="border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">100</FONT></TD>
    <TD align=center nowrap style="border-right:1px solid #000000;">&nbsp;</TD>
    <TD align=center nowrap>&nbsp;</TD>
    <TD align=center nowrap><FONT size=2 face="serif">Summer 2009</FONT></TD>
  </TR>
</TABLE>
<BR>
<P align="left">
<FONT size=2 face="serif">The fiscal 2007 first quarter net income also reflected a $2.9 million gain on disposal of discontinued operations, net of tax, or $0.24 per diluted share.</FONT></P>
<P align="left">
<FONT size=2 face="serif">Subsequent to the end of the fiscal 2008 first quarter, REX purchased approximately 73,600 shares of its common stock in open market transactions. The Company has approximately 142,000 authorized shares remaining available
to purchase under the expanded June 2007 stock buy-back authorization. </FONT></P>
<P align="center">
<FONT size=2 face="serif">-more- </FONT></P>

<HR noshade width="100%" size=4>

<P STYLE="page-break-before:always"></P><PAGE><br>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="serif">REX Reports Fiscal 2008 First Quarter, 6/5/08</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="right"><FONT size=2 face="serif">page 3</FONT> </div></TD>
</TR>
</TABLE><BR>
<P align="left">
<FONT size=2 face="serif">The Company will host a conference call and webcast today at 11:00 a.m. EDT, which are open to the general public. The conference call dial-in number is 212/231-2904; please call ten minutes in advance to ensure that you
are connected prior to the presentation. Interested parties may also access the call live via the Investor Relations page of the Company&#146;s website, www.rextv.com, or at www.earnings.com; please allow 15 minutes to register, download and install
any necessary software. Following its completion, a telephonic replay of the call can be accessed through 1:00 p.m. EDT on June 12, 2008 by dialing 800/633-8284 or 402/977-9140 (international callers). The access code for the audio replay is
21384743. Alternatively, a replay will be available on the Internet for 30 days at </FONT><U><FONT size=2 face="serif">www.rextv.com</FONT></U><FONT size=2 face="serif"> or </FONT><U><FONT size=2
face="serif">www.earnings.com</FONT></U><FONT size=2 face="serif">. </FONT></P>
<P align="left">
<FONT size=2 face="serif">REX has interests in four ethanol entities and is a specialty retailer of consumer electronic products and appliances. As of April 30, 2008, the Company operated 111 retail stores in 34 states under the
trade name &#147;REX.&#148; </FONT></P>
<P align="left">
<FONT size=2 face="serif">This news announcement contains or may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by use of
forward-looking terminology such as &#147;may,&#148; &#147;expect,&#148; &#147;believe,&#148; &#147;estimate,&#148; &#147;anticipate&#148; or &#147;continue&#148; or the negative thereof or other variations thereon or comparable terminology. Readers
are cautioned that there are risks and uncertainties that could cause actual events or results to differ materially from those referred to in such forward-looking statements. These risks and uncertainties include the risk factors set forth from time
to time in the Company&#146;s filings with the Securities and Exchange Commission and include among other things: the highly competitive nature of the consumer electronics retailing industry, changes in the national or regional economies, weather,
the effects of terrorism or acts of war on consumer spending patterns, the availability of certain products, technological changes, changes in real estate market conditions, the fluctuating amount of quarterly payments received by the Company with
respect to sales of its partnership interest in its synthetic fuel investments, and the uncertain amount of synthetic fuel production and resulting income received from time to time from the Company&#146;s synthetic fuel investments. As it relates
to ethanol investments, risks and uncertainties include among other things: the uncertainty of constructing plants on time and on budget, the price volatility of corn, sorghum, dried distiller grains, ethanol, gasoline and natural gas, and the
plants operating efficiently and according to forecasts and projections. </FONT></P>
<P align="center">
<FONT size=2 face="serif">-tables follow-</FONT></P>

<HR noshade width="100%" size=4>

<P STYLE="page-break-before:always"></P><PAGE><br>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="serif">REX Reports Fiscal 2008 First Quarter, 6/5/08</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="right"><FONT size=2 face="serif">page 4</FONT> </div></TD>
</TR>
</TABLE><BR>
<P align="center">
<B><FONT size=2 face="serif">REX STORES CORPORATION AND SUBSIDIARIES </FONT></B><BR>
<B><FONT size=2 face="serif">Consolidated Condensed Statements Of Income </FONT></B><BR>
<B><FONT size=2 face="serif">(In Thousands, Except Per Share Amounts) </FONT></B><BR>
<B><FONT size=2 face="serif">Unaudited </FONT></B></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap colspan=7><FONT size=2 face="serif">Three Months
        Ended</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan=7 align=center nowrap><FONT size=2 face="serif">April 30,</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2008</FONT></U> </TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD colspan="3" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2007</FONT><FONT size=2 face="serif">*</FONT></U> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Net sales and revenue</FONT> </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%" align=left nowrap><FONT size=2 face="serif">$</FONT></U></TD>
    <TD width="6%" align=right nowrap><FONT size=2 face="serif">47,101</FONT> </TD>
    <TD width="1%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD width="1%" align=left nowrap><FONT size=2 face="serif">$</FONT></U></TD>
    <TD width="6%" align=right nowrap><FONT size=2 face="serif">48,888</FONT> </TD>
    <TD width="1%" align=left nowrap GUTTER>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Cost of sales (excluding
        retail segment depreciation)</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">33,653</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">33,410</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Gross profit</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">13,448</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">15,478</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Selling, general and administrative
        expenses</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(14,405</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(14,629</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Interest income</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">857</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,293</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Interest expense</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(121</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(74</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Loss on early termination
        of debt</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(598</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Losses on sale of real estate,
        net</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(10</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Equity in income of unconsolidated
        ethanol affiliates</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,048</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,110</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Income from synthetic fuel
        investments</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">670</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">6,733</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Unrealized gain on derivative
        financial instruments</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">472</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">-</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Income from continuing operations
        before provision for</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD nowrap>&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">income taxes, minority
        interest and discontinued operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,969</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">9,303</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Provision for income taxes</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(522</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(3,589</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Minority interest</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">217</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">(95</FONT></U> </TD>
    <TD GUTTER align=left nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">)</FONT></U> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Income from continuing operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,664</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">5,619</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Loss from discontinued operations,
        net of tax</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(138</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(961</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Gains on disposal of discontinued
        operations, net of tax</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">-</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2,876</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Net income</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">1,526</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">7,534</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=9>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Weighted average shares outstanding
        - basic</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">10,729</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">10,468</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=9>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Basic income per share from
        continuing operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">0.15</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">0.54</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Basic loss per share from
        discontinued operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(0.01</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(0.09</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Basic income per share on
        disposal of discontinued operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">-</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">0.27</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Basic net income per share</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">0.14</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">0.72</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=9>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Weighted average shares outstanding &#150; diluted</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">11,620</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">11,799</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR>
    <TD colspan=9>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Diluted income per share
        from continuing operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">0.14</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">0.48</FONT> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Diluted loss per share from
        discontinued operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(0.01</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">(0.08</FONT> </TD>
    <TD GUTTER align=left nowrap><FONT size=2 face="serif">)</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Diluted income per share
        on disposal of discontinued operations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">-</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%" align=left nowrap GUTTER>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">0.24</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Diluted net income per share</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">0.13</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">0.64</FONT></U> </TD>
    <TD GUTTER align=left nowrap>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR>
	<TD nowrap valign=top>
<SUP><FONT size=2 face="serif">*&nbsp;&nbsp;&nbsp;</FONT></SUP></TD>
	<TD>
<FONT size=2 face="serif">Amounts differ from those previously reported as a result of certain stores being reclassified into discontinued operations.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<FONT size=2 face="serif">- balance sheet follows -</FONT></P>

<HR noshade width="100%" size=4>

<P STYLE="page-break-before:always"></P><PAGE><br>


<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
<TR valign="bottom">
	<TD align=left nowrap>
<B><FONT size=2 face="serif">REX Reports Fiscal 2008 First Quarter, 6/5/08</FONT></B>	</TD>
	<TD>&nbsp;	</TD>
	<TD align=left nowrap>
      <div align="right"><FONT size=2 face="serif">page 5</FONT> </div></TD>
</TR>
</TABLE><BR>
<P align="center">
<B><FONT size=2 face="serif">REX STORES CORPORATION AND SUBSIDIARIES </FONT></B><BR>
<B><FONT size=2 face="serif">Consolidated Condensed Balance Sheets </FONT></B><BR>
<B><FONT size=2 face="serif">(in thousands) </FONT></B><BR>
<B><FONT size=2 face="serif">Unaudited </FONT></B></P>
<TABLE width="100%" border=0 cellpadding=0 cellspacing=0>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap colspan=3><FONT size=2 face="serif">April 30,</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap colspan=3><FONT size=2 face="serif">January 31,</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=center nowrap colspan=3><FONT size=2 face="serif">April 30,</FONT> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2008</FONT></U> </TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2008</FONT></U> </TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" align=center nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2007</FONT></U> </TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Assets</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Current assets:</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Cash and cash
        equivalents</FONT> </TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%" nowrap><FONT size=2 face="serif">$</FONT></TD>
    <TD width="6%" align=right nowrap><FONT size=2 face="serif">106,301</FONT> </TD>
    <TD width="1%" align=left nowrap>&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%" nowrap><FONT size=2 face="serif">$</FONT></TD>
    <TD width="6%" align=right nowrap><FONT size=2 face="serif">127,716</FONT> </TD>
    <TD width="1%" align=left nowrap>&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="1%" nowrap><FONT size=2 face="serif">$</FONT></TD>
    <TD width="6%" align=right nowrap><FONT size=2 face="serif">105,355</FONT> </TD>
    <TD width="1%" align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Accounts receivable,
        net</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">3,025</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,877</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">3,439</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Synthetic fuel
        receivable</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">573</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">5,485</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Inventory, net</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">56,800</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">49,933</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">90,427</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Prepaid expenses
        and other</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">2,204</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">2,492</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,428</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Deferred taxes</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">10,399</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">10,599</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">7,288</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total
        current assets</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">178,729</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">193,190</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">213,422</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Property and equipment, net</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">168,359</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">136,505</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">74,426</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Assets held for sale, net</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,676</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Other assets</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">14,098</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">14,803</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">13,590</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Goodwill</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,322</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,322</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,322</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Deferred taxes</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">21,929</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">21,929</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">26,290</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Equity method investments</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">39,509</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">38,748</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">27,936</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Investments in debt instruments</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">14,000</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Restricted investments</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2,491</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2,481</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">2,425</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Total assets</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U> </TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">426,437</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U> </TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">408,978</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U> </TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">375,087</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Liabilities and shareholders'
        equity:</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Current liabilities:</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Current portion
        of long-term debt and capital lease</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">obligations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD nowrap><FONT size=2 face="serif">$</FONT></TD>
    <TD align=right nowrap><FONT size=2 face="serif">5,352</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap><FONT size=2 face="serif">$</FONT></TD>
    <TD align=right nowrap><FONT size=2 face="serif">4,101</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap><FONT size=2 face="serif">$</FONT></TD>
    <TD align=right nowrap><FONT size=2 face="serif">2,013</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp;<FONT size=2 face="serif">Accounts payable, trade</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">39,409</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">27,253</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">45,461</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Deferred income</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">13,708</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">14,448</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">15,322</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Deferred gain
        on sale and leaseback</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,436</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">1,436</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">5,420</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Other current
        liabilities</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">5,928</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">13,617</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">8,606</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total
        current liabilities</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">65,833</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">60,855</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">76,822</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Long-term liabilities:</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Long-term debt
        and capital lease obligations</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">45,276</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">35,224</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">20,627</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Deferred income</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">16,282</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">17,172</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">18,677</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Deferred gain
        on sale and leaseback</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">4,132</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">4,493</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">6,748</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Derivative financial
        instruments</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">2,129</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">2,601</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">-</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Other</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">6,485</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">4,313</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">940</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total
        long-term liabilities</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">74,304</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">63,803</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">46,992</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap><FONT size=2 face="serif">Minority interest in consolidated
        subsidiaries</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">27,512</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">27,729</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">11,618</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap><FONT size=2 face="serif">Shareholders&#146; equity:</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Common stock</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">298</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">298</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">295</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Paid-in capital</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">141,867</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">141,357</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">140,264</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Retained earnings</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">287,155</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">285,629</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap>&nbsp;</TD>
    <TD align=right nowrap><FONT size=2 face="serif">259,496</FONT> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Treasury stock</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">(170,532</FONT></U> </TD>
    <TD align=left nowrap valign=middle><FONT size=2 face="serif">)</FONT></U> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">(170,693</FONT></U> </TD>
    <TD align=left nowrap valign=middle><FONT size=2 face="serif">)</FONT></U> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">(160,400</FONT></U> </TD>
    <TD align=left nowrap valign=middle><FONT size=2 face="serif">)</FONT></U> </TD>
  </TR>
  <TR valign="bottom" bgcolor="#E5FFFF">
    <TD align=left nowrap>&nbsp; &nbsp;<FONT size=2 face="serif">Total shareholders'
        equity</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">258,788</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">256,591</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;">&nbsp;</TD>
    <TD align=right nowrap style="border-bottom:1px solid #000000;"><FONT size=2 face="serif">239,655</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
  <TR valign="bottom">
    <TD align=left nowrap>&nbsp; &nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Total
        liabilities and shareholders&#146; equity</FONT> </TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">426,437</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">408,978</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align=left nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">$</FONT></U></TD>
    <TD align=right nowrap style="border-bottom:3px double #000000;"><FONT size=2 face="serif">375,087</FONT></U> </TD>
    <TD align=left nowrap>&nbsp;</TD>
  </TR>
</TABLE>
<BR>
<P align="center">
<FONT size=2 face="serif"># # # </FONT></P>

<HR noshade width="100%" size=4>

</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>c53895_ex99x1x1.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 c53895_ex99x1x1.jpg
M_]C_X``02D9)1@`!`0```0`!``#_VP!#`!`+#`X,"A`.#0X2$1`3&"@:&!86
M&#$C)1TH.C,]/#DS.#=`2%Q.0$1713<X4&U15U]B9VAG/DUQ>7!D>%QE9V/_
MVP!#`1$2$A@5&"\:&B]C0CA"8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V-C
M8V-C8V-C8V-C8V-C8V-C8V-C8V-C8V/_P``1"`")`6P#`2(``A$!`Q$!_\0`
M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4%
M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D*
M%A<8&1HE)B<H*2HT-38W.#DZ0T1%1D=(24I35%565UA96F-D969G:&EJ<W1U
M=G=X>7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&
MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$!
M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$"
M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF
M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$
MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4
MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#T"BBB@`HI
MK,%4LQ``&23VKG[[QKHEE*8S<-,RG!\E=P_/H?PH`Z*BN2/Q#T7^Y=G_`+9C
M_&C_`(6'HW_/.[_[]K_\50!UM%<E_P`+$T;_`)YW?_?M?_BJ/^%B:-_SSN_^
M_:__`!5`'6T5R7_"Q-&_YYW?_?M?_BJ/^%B:-_SSO/\`OVO_`,50!UM%<E_P
ML31O^>=Y_P!^U_\`BJ/^%B:-_P`\[S_OVO\`\50!UM%<E_PL31O^>=Y_W[7_
M`.*H_P"%B:-_SSO/^_:__%4`=;17)?\`"Q-&_P">=Y_W[7_XJC_A8FC?\\[S
M_OVO_P`50!UM%<E_PL31O^>=Y_W[7_XJC_A8FC?\\[S_`+]K_P#%4`=;17)?
M\+$T;_GG>?\`?M?_`(JC_A8FC?\`/.[_`._:_P#Q5`'6T5R7_"Q-&_YYW?\`
MW[7_`.*H_P"%B:-_SSN_^_:__%4`=;17)?\`"Q-&_P">=Y_W[7_XJC_A8FC?
M\\[S_OVO_P`50!UM%<C_`,+$T;_GG=_]^U_^*I?^%B:-_P`\[S_OVO\`\50!
MUM%<E_PL31O^>=Y_W[7_`.*H_P"%B:-_SSO/^_:__%4`=;17)?\`"Q-&_P">
M=Y_W[7_XJC_A8FC?\\[S_OVO_P`50!UM%<E_PL31O^>=Y_W[7_XJC_A8FC?\
M\[S_`+]K_P#%4`=;17)?\+$T;_GG>?\`?M?_`(JC_A8FC?\`/.\_[]K_`/%4
M`=;17)?\+$T;_GG>?]^U_P#BJ/\`A8FC?\\[S_OVO_Q5`'6T5R7_``L31O\`
MGG>?]^U_^*H_X6)HW_/.\_[]K_\`%4`=;17)?\+$T;_GG>?]^U_^*H_X6)HW
M_/.\_P"_:_\`Q5`'6T5R7_"Q-&_YYWG_`'[7_P"*I\7Q!T21@&-S&/5HN/T)
MH`ZJBJ]G>VU_`)[29)HS_$IS5B@`HHHH`*BN;B&UMWGN)%CBC&69N@%2UP7Q
M)UADCBTF$XWXEF/MGY1^?/X"@#`\4^*[C6IFAA+0V2GY8P<%_=O\*YRBM?P_
MX?N=;N,)F.W0XDEQT]@.YI2DHJ[`R**]4L_"&C6L8#6OGN.KRL23^'2K?_"/
M:/\`]`VV_P"_8KB>/IK9,OD9Y!17L'_"/Z1_T#;7_OV*/[`TC_H&VO\`W[%3
M]?AV#D9X]17K[Z)HL8!>PLU'JT:BF?V7H`_Y=+#_`+Y2FL=%_98<AY'17KG]
MF:!_SZZ?_P!\I3?[*\/?\^UA_P".T_KJ_E8<AY+2UZQ_9?A[_GVL/_':/[,\
M._\`/OI__CM'UU?RL.0\GHKUC^S/#O\`S[Z?_P".U-'H6BNNZ/3[1E]0@(H>
M.BOLL.0\AHKV'^P=(_Z!MK_WZ%)_8&D?]`VU_P"_0J?K\.P<C/'Z*]A_L'2/
M^@;:_P#?H4?V#I'_`$#;3_OTM'U^'8.1GCU%>P_V%I/_`$#;3_ORO^%#:'I`
MZZ;9CZQ+1]?C_*PY#QZBO7O[#T;_`*!]G_W[6E.@Z/WTZU_[]BG]>C_*PY#R
M"BO7_P"P-''_`##;7_OV*0Z%HO\`T#[3_O@4?7H_RL.0\AHKUW^P]$_Y\+/_
M`+X%']B:)_SX6?\`WP*/KT?Y6'(>145Z\NAZ*QP+"T)]`BTIT'1U!)TZT`'<
MQBCZ_'LPY#R"BO7/[(T+_GRL?^^%IXT;1=A<6%GM'?RUQ1]>2^RPY#R"BO7/
M[*T+_GSL/^^$IZ:+HSC*:?9L/]F-30\<E]EAR'D%%>P_V#I'_0-M/^_0H_L'
M2/\`H&VG_?E:7U^/8.1GCU)7L#Z'HR*6?3[-5'4F)0!4)TWP\?\`EWT[\DIK
M'1?V6'(>2T5ZW'I&@2MMCM+%VZX4*336TKP\C%7MK!6!P0=H(-/ZZOY6'(>3
MT5ZO_9?AR0A!!8$MP`I7)_(UB:]X'C:-I](!5QU@+9!^A/?ZU<,9!NS5O43B
MSC],U2[TFZ6XLY61QU'9O8CO7K7AO7X->L?-C&R=.)8L_=/J/:O&G1HW9'4J
MRD@@CH:V_!VJ-I>OV[%]L,S"*4=L'H?P.#762>QT4E+0`5Y#X]8MXMO`3PH0
M#_O@5Z]7D/CT8\6WGN$/_C@H`P(T,DBH.K'`KV32M/BTRPBM(0,1CEL?>/<F
MO'K7_CZA_P!]?YU[9WKS<P;M%&D!:***\LT"DI:K:A=I86$]W(,K"A;'KZ"F
MDV[(#S_Q]J7VK5EM$;,=LN#C^\>O]!7+5)/,]Q<232'+R,68^Y.:[#P?9P66
MBWNLWD*R*`0@8`\+UQGU/'X5[MU0I)&.[.+HKJCXV?/&DV(_X#1_PF\O_0*L
M?^^33YZO\OXBLNYRM%=3_P`)M-_T"K'_`+X-'_";3?\`0+L/^^#_`(T^>K_+
M^(61RU213S0,&AE>-AW1B*Z0>-&/#Z18$>@2M*T.C>++>6V6SBL+X+N1D4<^
M_`&?<&IE5E%7G'3[QV[,SM%\:WMI(L>H,;JWZ$D#>/?/?\:]"LKN"^M8[BV<
M/$XR"*\:O+:2RNY;:48DB8J?PKJ?A[J$L>HR6!.8I4+@>C#_`.M7/BL/!PYX
M#C+6S/0ZIZIJ,&E6+W=QG8N``.K$]`*MUY[\0M2\Z]BL(V^2`;G_`-X]/R'\
MZX,/2]K442V[(SM6\6:GJ+LJ3&W@SD)$<'\3U-8CS2R',DCL?5F)J;3;*34=
M0AM(OO2L!GT'<_E7=ZB-(\(V,`6PCNKB0XS)C<V.I)(..W%>O*4*5H0CJ^AG
MJ]3SS<W]X_G2[W_O-^==?_PF]K_T`H/^^Q_\31_PF]K_`-`*#_OL?_$TO:5?
M^??XH++N<?O;^\WYT;F]3^==C_PG-OC']AP_]_!_\31_PG-O_P!`.'_OX/\`
MXFCVE7_GW^*"R[G&Y/J:,GU-=G_PG5O_`-`2'_OX/_B:!X[@[:)%_P!_!_\`
M$T>TJ_R?B@LNX?#RP9[RXOW'R1KY:$_WCU_3^==7XD!_X1Z__P"N+5>M>;:-
MC$L3,H9D7^$D=*2\MUN[.>V<X66-D)],C%>74J\]7G9HE9'BE=IH):Z\!ZI;
MKR\;,0!UQ@-_0UQT\303R0N,-&Q4CW!KI_`.HK:ZI)9R?<NE`7/]X9Q^?->M
MB%>G==-3..YRM=S\-KA?].MR?F^20#VY!_I7->)-+.DZQ+;CF-OGC/\`LG_#
MI^%1:'J;Z1JD5VH+*O#J#]Y3U%%6*K4GR]03LSV*@D*"2<`=2:K+J%J;`7QG
M06Q7=YA.!BN!\3^+GU)6M+'=':Y(9\\RC^@KQZ5"=65D:-V%\9>)!J,GV*R<
MFU0_.V/]8W^`KE54LP5023P`.](`2>.<UVNB:1;^'[+^VM9XE49AA[J>W_`O
MY?R]CW,/!17_``YENR:RCC\'Z!)<704ZC<_<0'E>.!]!U/Y5PSNTDC.Y)9CD
MD]S5[6]7GUF_:YFPHQM1!T5?2H=-L)]2O8[6W7+N>IZ`=R?:G3AR)SGN]P;O
MH;G@?1FO]2%Y*!]GMF!Y_B?L/PZ_E7I=4M'TR'2=/CM(.0O+-_>;N:NUX^(J
M^UG?H:I61YM\0+..WUI)HP!]HCW,!_>!P?Z5RX)!R."*[/XDC_2K$_[#_P`Q
M7&5Z^&;=*+9G+<]ZMV+V\3'J4!_2I:KV!S86Y]8E_D*L5N2%>1_$`8\67/NB
M?^@BO7*\E^(/_(U3_P#7-/Y4`<]:_P#'U#_OK_.O;>]>)V@S>0CUD7^=>V=Z
M\S,/L_,T@+1117F&@E<E\0=1$&F16*GY[EMS>RC_`.OC\JZVO)O%>HG4M=G<
M/NBB/EQXZ8'^)R:[,'3YZE^Q$G9&5!$T\\<*#+R,%4>Y.*[GQA+'I'ARTT:$
MY+@!C_LKR3^)_K6-X&T[[;KBS,/W=J/,/NW\/Z\_A53Q7J1U+79W5]T,9\N+
M'3:/\3DUZ,_?K*/2.O\`D0M$9"J78*HR2<`5W</P^A\E#/>RB0CY@JC`-<]X
M0T\W^OP<9C@/FO\`AT_7%>JED7@L%^IK#%UYPDHP8XI=3C_^%>VG_/\`3?\`
M?(K*U_P;_9>G/>071E6/&]77!P3C(_.O0I+F"-2TDT:J.I9@!7%^,_$EK/8M
MI]C*)C(1YDBG*@`YP#WYQ6-"K7G-+H4TK'#5N>#`Q\3V>W/5L_3::PZ[3PC8
MII.G3Z_?J5"H1",XW#U_$\"O0KRY:;\]#-;F-XRV_P#"3WFPY&5S]=HS5CP$
M,^)$QVB?/Y5@W=Q)=W4MQ*<R2L68_6NQ^'-AF6YOV'W0(D^IY/\`3\ZBK[E!
MI]K#6K.UN[A+2TFN)#A(D+G\!7C5[=27MY-<S8\R5R[8Z<UZ#\0;WR-(BM5;
M#7#\C_97D_KBO.*QP-.T')]1S>MCL?AU8%[VXOF7Y8E\M#_M'K^G\ZRO&&I'
M4==E"L#%!^Z3'?'4_GFNN!'ACP5D<3LF?^VC_P"']*\U/6KH_O*LJO39`]%8
MO:/I4^L7HM;8J&VEBSG``%=(/A[=8YOX?^^#7,:9J5SI5U]HLW"2;2IR,@@]
MJV!XWUK_`)Z0_P#?H5I55>_[MJPE;J7_`/A7MU_S_P`/_?!I1\/;C'.H1#_M
MF?\`&J'_``G.L_WX/^_=(?'&M?\`/6$?]LA65L5W0_=-,?#Q^^I+^$7_`->K
M6G^`TM;Z&>:]$R1N&,?E8W8_&L'_`(3?6_\`GM%_WZ%=IX4O-0U'2OM>H,I,
MCGRMJ@?*.,_GG\JRK2Q%.-Y-#7*S;HI:2O,-#SKQ[HYM;\:A$O[FX.&QV?']
M>OYURL<C12*\;%74Y5@<$&O9=3T^#4[&2UN%RC]#W4]B*\CU33Y]+OY+6X'S
M(>&'1AV(KV,)64X<KW1E)69V-R!XP\-+-&%&HVA^9!W]?SZ_45PC`JQ!!!'!
M![5H:'J\^C7ZW$)RI^61.SKZ5T/B/28-6L5US1DWA\F>->N>YQZCO^=:1_<R
MY7\+V\O(6YR1N9VMUMS*YA4EA'N^4$]\4V"&2XE6*%&DD8X"J,DUK:'X:OM9
M8-&OE6^<&9QQ]!ZFNAN+_2/"43P:8BW-^PVO(3G;]3_054ZJB^6"N_ZW%;N-
ML-+L/"UHNHZP1)>G_50`@X/L/7WZ"N9US7+O6[D27!"HGW(UZ*/ZGWJMJ%_=
M:E<FXNY3)(>,GH!Z`=A5G1=#O-9N-ENF(U/SRM]U/\^E$8*'[RH]?R]!WOHB
MI9VD]]<I;VT9DD<X`'\Z]1\-^'X=#MCSYES(!YC]OH/:IM$T.TT:WV6Z[I&`
MWRM]YO\``>U:=>=B<4ZGNQV+C&VX4M%%<)9P7Q)_X^+#_=?^8KBJ[7XDC]_8
M'_9?^8KB:]W"?P8F,MSW?3?^0;:_]<4_D*LU5TSG3+3_`*XI_P"@BK5=)(5Y
M/\1!CQ1)[Q)_*O6*\I^(PQXG/O"G]:`.<LO^/ZW_`.NB_P`Z]K[UXI9?\?L'
M_71?YU[7WKS,PWC\S2`M%)17FFAG>(;W[!H=W<!L,(RJ?[QX'\Z\?KMOB+J(
M:2WTY#]S][)SW/`'\_SKE-*LFU'4[>T7CS7`)]!W/Y5[&#A[.ES/J92U9V6D
M(-#\"W%Z1LGN%+`]^>%_QK@C79?$&]17M=+AX2%0[#TXPH_+^=<G9VTEY=Q6
MT0S)*P5?QK3#_"ZDNNHGV.^\!V<=IHTNH2\-,3R>R+_]?-</J=[+JFISW)#9
ME<E5'.!V'Y5Z!XKN8]'\+BSBX:1!`@'ICD_E_.N'\-7T.G:Y;7,X_=*Q#'^Z
M"",_AFLJ%Y<]:V^PY=$4/L]P?^6,O_?)JS::-J-Y($ALIB3W*$`?B>*Z_P`0
M^(]9T>^V(+>2VE&^&38<,OIG/45BR>.-:<862&/W6(?US6RJ59QO&*^__@"L
MC6TCP?#8`WNNRQ;$Y\K=\H_WCW^E8_BCQ&=5<6UJ#'8Q'Y5Z;_<C^0K'O-1O
M+]]UW<R3$=-[9`^@HL;"ZU"=8;2%I7/H.!]3VHC2:?/4=W^""_1#;*TEOKN*
MV@4M)(V!_C]*]>TK3XM*TZ&SAY"#YFQC<>YK.\,^'(M%A,CD27;C#N.@'H/\
M>]6_$-^=-T2YN4.)%7:G^\>!_C^%<&(K>VDJ<-BXJRNSSOQAJ'V_7YRIS'#^
MZ3GTZ_KFH_"EBM_X@M8G4-&I\QP>A`Y_GBLAB2<DY-=[X#M([+3+K5;H!%;@
M.W9%Y)_/^5=]5JC1LO0A:LTO$.N:-;7`L=4@>X*@/M"!@"<XZGKC^=8_]N>$
M?^@2W_?A?\:Y'4KQ[_4)[J0DM*Y;GL.P_*I=)TB\UBX,-G&"5&69CA5^IK..
M&A"'O-KYAS79U/\`;OA'_H$M_P!^%_QI#KOA+_H$-_WX7_&L_P#X036/6V_[
M^'_"E'@/5_[UK_W\/^%3^X_G?WL>O8O?V[X2_P"@0W_?E?\`&C^WO"?_`$!V
M_P"_*_XU1_X0/5_[]K_W\/\`A0/`6K]WM1_VT/\`A1^X_G_%A[QI6VK^%[JY
MB@BT4EY7"+^Z7J3CUKM888[>%8H45(T&%51@`5R/ACPE=:7JHN[UX&5$.P(Q
M)W'C/3TS78UQ8F4.9*#NO4J-^HM(3@9-175S!:0--<RK%&O5F.!7G'B;Q7+J
MI-M:;X;0=><&3Z^WM44</*J]-AN5CHM?\9P6+-;Z>%N)QP7)^1?RZUP6H:C=
MZE/YUY,TKC@9Z`>@':H;>WFN9EA@C:21C@*HR377V7A_3=#MA>^(94:4C<EN
M#G\,?Q']*]2,*6'6F_XLSUD<_HV@WNL2[;=-L8^]*X(4?CW/M776[Z7X*@D5
MKJ2[NI1S&I&,CV[?4\UA:UXONKY3;V*FSM<8`0X8CZCH/85S9.22:;ISJ_'H
MNW_!"Z6QWGB*[N]2T.+4-'N9$LPNV>"/AE/OCM_^NN#)S6WX6UPZ/?XERUI-
M\LJ^G^U^%3>,-&CTZ[2ZM,&SNOF3;RJGT'MW%%/]U+V;Z[`]=1O@_3+#5-2:
M*^=LJ-R1#@2>N3_2O3H+>&VB6*WC2*->BH,`5XM;S26TZ30L5DC8,I'8UZWX
M?U9-9TR.Y!`E'RRH/X6_SS7+CH3TE?0J#1I4M)2UYAH%%%%`'!_$K_6Z?_NR
M?^RUQ%=O\2O]9I_TD_\`9:XFO=PG\&)C+<]TTO\`Y!5G_P!<$_\`015NJFD\
MZ39_]<$_]!%6ZZ20KRKXCC_BIA_UP3^9KU6O+?B4,>(HSZVZ_P`VH`YBR_X_
M8/\`KHO\Z]K[UXG:<7</_71?YU[9WKS,PWC\S2`4V61(8GDE8+&@+,QZ`#J:
M=7/^-[X6GA^6,-B2X(C4>W4_I_.N"G'GDH]RWHCSG5KY]1U.XNW)/F.2,]AV
M'Y8KI/`-FB2W6K7!"PVR%0Q['&2?P'\ZY#&3@#K7>:PJZ#X(AL.%N;G`<#N3
MRW]!7LU](JG'KI\C)=SC=3O7U#4;BZD))E<D9[#L/P&!6]X!T]KG63=E?W=L
MI.?]HC`_K7+UZGX,T[[!H,3,,2W'[UL^_0?EBEBI^SI6770(J['>+=&&KZ63
M&/\`2(,O%COZK^/]!7E7(.#7N->>>.=!-I<G4K=?W$S?O`/X7/?Z'^=<V"KV
M_=OY%3749I,@\1:&^C3-_I=L/,M68]0/X?\`/]*Y:6-X97CD4JZ,593U!J6R
MNI;&[BN8&VR1MN!_I71^)K2+4["/Q#8J`D@`N4SRK=,_Y]CWKL7[N=NC_,G=
M&1X=?3UU:,:I$)+=QMY)PI/0G'^>:]8M;2WLH?)M84ACSG:@P,UXI7I/@C7!
M?V(LIV_TFW7`)/WT['\.E<V.IR<>9/0<'T.HK@?B'J8DN8=.B?*Q?/*!_>/0
M?E_.N^KR3Q6KKXDOO,&"9,C/ICC]*Y\%!2J7?0J>QFVT#W-Q'!&-SR,%4>YK
MO_%LT6C^%H=+A;YI%$:^I48+'\?ZUQ6B7B:?J]K=RJ62)\L!UQ78:]'HOB&>
M&Y.N10!(]H0CWSGDC%=M?^)'FV6OS(6QP-;'A_Q#-H3S>7$DR3`;E8XY'0_J
M:T/^$=T3MXDA_P"^!_C2?\([HO\`T,D'_?'_`->KE5IS7++;T8K,N?\`"P[C
M_H'Q?]_#1_PL*X_Z!\7_`'V:IGP]H8_YF2'_`+]__7IO]@:+_P!#)#_WZ_\`
MKUCR8;M^95Y%W_A85S_SX0_]]FD/Q"N^UC`/^!-5/^P-#[^)(?\`OU_]>KFF
M>%]'N[Q$AUD717YVC6/&0.O.:3CADK\OYA>1VVF3SW.GP3W42Q2R+N*+T&>G
MZ5)>7<%C;/<W,@CB09+&I<!1Q@`5YGXRU\:K>"VMV/V6`D9SP[>OT]*X:-'V
MT[+8MNR*OB3Q!-K=R`,I:QG]W'_4^]9MC97&HW<=M;1EY7/`]/<^U0Q1O-*L
M<:EG<A5`[DUW<:P^"M%+R!9-3NA@#J!C^@S^)KUI25**C!:]#/?5A))I_@JQ
MV1!+C595^8GL#Z^B^W>N*OKVYO[EKBZE:21NI/;V'M3+FXEN[AYYW+R.<LQK
M1\/Z#<:Y<E(R(X4QYDA'3V'J:(PC23G-Z]6*]]$4].TV[U2X\FSA:5\9..`!
MZDUN:OX.N-,T@7GFB:1#F95'"CU'K7H&F:9:Z5:+;VD>U1U)ZL?4FK,L:2Q/
M'(H9'!#*>XKAGCI<WNK0M0T/$*[/PX_]O>';O19B&EA7?;ENWI^1X_X%7+ZO
M8OINJ7%H_P#RS<@'U'4?I4_A[4/[,UJVN68B,-MDQ_=/!_Q_"N^K'GA>.^Z(
M6C,^1&BD9'!5E)!![$5TO@35/L>K_97/[N[`3Z,.G]1^-0^.+);3Q`[Q@!+A
M!*,=,G@_J,_C6!%(T,JR1L5="&!'8BAVK4O4-F>WTM0VDWVBS@G_`.>L:O\`
MF,U-7@-6=C8****0SA/B5_K-/^DG_LM<17<?$H<Z?_VT_P#9:X:O=PG\%&,M
MSW/1N=%L3_T[Q_\`H(J[5+1?^0+8?]>\?_H(J[722%>9?$Y"-;MG[-;@#\&/
M^->FUR_CW2/[1T1IXD+7%J=ZX')7^(?U_"@#R@$@@C@BO8="U)-5TJ"Z!&\C
M$@'9AUKQZM?P]K]QH=R60>9`_P#K(B<9]QZ&N;%4/:PTW1479GK5<#XU@U/4
M]56.WT^Y>"W7:K+$2&)Y)'Z#\*Z&S\7Z-=(,W/D-W652,?CTJW_PD.C_`/02
MMO\`ONO-HJI1GS<MS1V:W.!T#P[J$FM6OVJRGB@1P[M)&0,#G'/KTJ_XSM]4
MU36,0:?<O!;KL1EC8ACU)_SZ5UW_``D.C_\`02MO^^Z/^$BT?_H)6_\`WW6[
MKU7/G<-B>56M<\[TWPWJ4^HV\<]A<Q0M(-[M&0`N>:]7````&`.@]*S/^$BT
M?_H)6_\`WW1_PD>C_P#01M_^^JRKRJUFKQ>@TDC3J"^LXK^SEM9QF.5<'_&J
M?_"1Z/\`]!&W_P"^Z5?$&D-TU*V_&0"N=4ZB=TG]Q5T><7OAC5K:[DACLIYT
M5L+)'&2&'8UK^%[34[2>2ROM-N?L%V-DNZ(X4]FZ?Y_"NS_MK2_^@C:?]_5H
M_MO2O^@C:?\`?U:[)8FK*/*X$**[GG.J>%M2M+Z2&WM)KF('*21H2"/\:72M
M/UW2]1AO(M+NBT9Y4QL-P[BO1?[<TH?\Q&U_[^BD_MW2?^@E:_\`?T57UJJX
MV<+ARKN78)/-A238R%E!VN,%?8BN?\6>&_[9C%Q;86\C&!G@./0^_O6G_;VD
M?]!*U_[^"D.OZ1_T$K;_`+^"N2"JPES13*=F>9-X<UE6(_LVY./2,FD_X1[6
M?^@9=?\`?LUZ;_PD&D?]!*V_[[%'_"0:/_T$K;_OL5V_6JW\GYD\J[GF7_"/
M:Q_T#+K_`+]FC_A'M9_Z!EU_W[->F_\`"0Z/_P!!*W_[[I/^$AT?_H)6_P#W
MW1]:K?R?F'*NYYG_`,(]K'_0,NO^_9H_X1W6?^@;<_\`?LUZ9_PD6C_]!*W_
M`.^Z4>(='_Z"5M_WV*/K5;^3\PY5W/,O^$=UC_H&W/\`W[-=CX$T:YT];JYO
M('AE?$:*XP<#DG\\?E6Z-?T@_P#,2MO^_@H_M_2/^@E:_P#?P5E5KUJD7'E_
M,%%(K^*I+\:0T6FP22S3'83&,E5QR?Z?C7G7_".ZS_T#;G_O@UZ;_;^D#_F)
M6O\`W\%']OZ0?^8E:_\`?P4J-6K2CRJ'YC:3ZG+^#O#UQ:7$NHZA;.AA4B*-
ME^8GN<?H/K65K=CKVL:B]U)IMRJGA$VD[%]*[[^W=)_Z"5K_`-_11_;ND_\`
M02M?^_HIJO54W/EU^8<JM8\[T[PGJEW>I#/:RVT1Y:1UX`_QKTO3K"WTVT2V
MM4"1K^;'U/J:@_MW2?\`H)6O_?T4?V]I'_02M?\`OZ*SK5*U71QT!)(T:2L_
M^WM)_P"@E:_]_11_;VD_]!*U_P"_@KG]E/\`E95T<AXTT74+S7//L[.6:-HE
MRR+D9&1_A6#_`,(WK/\`T#;C_OBO3?[=TG_H)6O_`']%']NZ3_T$K7_OZ*[8
M8FM"*CR[>I#BF<MXLTC4+^VTJ6&UEDF6#;*JCE3@=?QS7-_\(WK/_0-N/^^:
M]-_MW2?^@E:_]_10-<TG_H)6O_?T44\16A'E4?S!Q3)M+C>'2K.*12KI`BL#
MV(45;K/_`+<TK_H)6G_?U?\`&C^W-)_Z"5I_W]6N-TYMWLR[HOT5F2^(M'B7
M+:C;D?[+[C^E<]K/CN)8_*TE2[D',TBX`^@[_C50P]2;LD)R2*'Q#O4GU&WM
M4(/D(2Q'8MV_(#\ZY&G2R/+(TDC%G8Y9CU)K5\+Z0VLZS#`4+0(=\Q]%'^/2
MO;I0]G!1[&3=W<]<TA2FD62MU$"`_P#?(JY2`!0`!@"EK004AI:*`/.O%O@I
MTD>^TB(LAYD@7JI]5]1[5PI!!((((Z@U[]6??Z%I>HDM=V,,CGJ^W#?F.:`/
M$:2O6)/`&AN<K'.GLLI_KFD7P!H8ZI.WUEH`\HI:]8_X0+0O^>4W_?TT?\(%
MH/\`SQF_[^F@#R:BO61X"T$?\L9C_P!M32_\('H/_/O+_P!_6H`\EHKUO_A!
M-!_Y]I/^_K4O_"":!_SZR?\`?UO\:`/(Z*]=_P"$&T#_`)]'_P"_K?XT?\(-
MH'_/FW_?UO\`&@#R.DKU[_A!_#__`#Y-_P!_7_QI?^$(\/\`_/D?^_K_`.-`
M'D%+7KW_``A/A_\`Y\?_`"*_^-+_`,(5X?\`^?#_`,BO_C0!Y!25[#_PA7A_
M_H'C_OZ_^-'_``A?A_\`Z!X_[^/_`(T`>/4M>P_\(9X?_P"@<O\`W\?_`!H_
MX0SP_P#]`Y?^_C_XT`>/4E>Q?\(9X?\`^@<O_?Q_\:/^$-\/_P#0.7_OX_\`
MC0!X]17L/_"&>'_^@<O_`'\?_&C_`(0WP_C_`)!R_P#?Q_\`&@#QVBO83X+\
M/G_F'C_OZ_\`C33X)\/G_EQ/_?U_\:`/(**]?_X0CP__`,^)_P"_K_XT?\(1
MX?\`^?$_]_7_`,:`/(**]?\`^$)\/_\`/B?^_K_XT'P3X?(_X\3_`-_7_P`:
M`/(:*]=_X0?P_P#\^3?]_7_QII\#:`?^75Q_VU;_`!H`\DI*];/@303_`,NT
M@^DK4G_"!Z#_`,^\O_?UJ`/):*]<_P"$%T#_`)]9/^_K?XT?\(+H'_/H_P#W
M];_&@#R.BO71X&T`?\NC_P#?UO\`&E'@?P^/^7(_]_7_`,:`/(:6O8/^$+\/
M_P#/@/\`OZ_^-30^%="@.4TV$G_;!?\`GF@#RS1=`O\`6Y@MK$?*SAYF'R+^
M/]*]6\/Z#:Z#:>5;@M(^#+*>KD?R'M6G%%'#&(XD5$7@*HP!^%.H`6BBB@`H
MHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BB
MB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****
#`/_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
