-----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,
 CCiKSlxHell0aGfnaSOrTTyvh1emn5opIGqOnM0OctG8D/LjnTjAChLnDxtnYkys
 ETGqRof//Rbq7asZw18hSg==

<SEC-DOCUMENT>0000950136-07-003514.txt : 20070515
<SEC-HEADER>0000950136-07-003514.hdr.sgml : 20070515
<ACCEPTANCE-DATETIME>20070515101332
ACCESSION NUMBER:		0000950136-07-003514
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20070514
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070515
DATE AS OF CHANGE:		20070515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CPI AEROSTRUCTURES INC
		CENTRAL INDEX KEY:			0000889348
		STANDARD INDUSTRIAL CLASSIFICATION:	AIRCRAFT PART & AUXILIARY EQUIPMENT, NEC [3728]
		IRS NUMBER:				112520310
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-11398
		FILM NUMBER:		07849883

	BUSINESS ADDRESS:	
		STREET 1:		200A EXECUTIVE DR
		CITY:			EDGEWOOD
		STATE:			NY
		ZIP:			11717
		BUSINESS PHONE:		5165865200
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>file1.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>
</TITLE>
</HEAD>
<BODY>


<page>
<a name="page"></a>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">SECURITIES AND EXCHANGE COMMISSION</font>
</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 6pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">WASHINGTON, D.C. 20549</font>
</p>
<!--0--><table border="0" cellpadding="0" cellspacing="0" width="602">
<tr>
<td><img src="spacer.gif" width="1" height="24"></td>
</tr>
<tr>
<td><img src="spacer.gif" height="1" width="237"></td>
<td bgcolor="#000000"><img src="spacer.gif" height="1"><img src="spacer.gif" height="1" width="127"></td>
<td><img src="spacer.gif" height="1" width="237"></td>
<td><img src="spacer.gif" height="1" width="475"></td>
</tr>
<tr>
<td><img src="spacer.gif" height="8" width="1"></td>
</tr>
</table>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 24pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">FORM 8-K</font>
<br>
<font style="opacity:100; position:relative; "> CURRENT REPORT</font>
</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 24pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">PURSUANT TO SECTION 13 OR 15(d) OF THE</font>
<br>
<font style="opacity:100; position:relative; "> SECURITIES EXCHANGE ACT OF 1934</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:24pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Date of Report (Date of earliest event reported): </font><font style="opacity:100; position:relative; text-decoration:underline;">May 14, 2007</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:24pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; text-decoration:underline;">CPI AEROSTRUCTURES, INC.</font>
<br>
<font style="opacity:100; position:relative; "> (Exact Name of Registrant as Specified in Charter)</font>
</p>
<img src="spacer.gif" height="10" width="1"><br>
<div style="border: 1px solid #FFFFFF; width: 602px; padding-top: 36px; border-left:none;" align="left">
<div class="WhiteBorder" style="padding:0;margin:0;text-align:center;">
<table style="border-top:none; border-bottom:none;border-left:none; border-right:none;margin-left:0px; " cellpadding="0" cellspacing="0" border="0" width="602" bgcolor="#ffffff">
<tr style="background-color:none">
<td><img src="spacer.gif" height="1" width="238"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="184"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="156"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">New York</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">1-11398</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">11-2520310</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">(State or Other Jurisdiction</font>
<br>
<font style="opacity:100; position:relative; ">of Incorporation)</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">(Commission</font>
<br>
<font style="opacity:100; position:relative; ">File Number)</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">(IRS Employer</font>
<br>
<font style="opacity:100; position:relative; ">Identification No.)</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 0pt; text-indent: 0pt; padding-top: 48pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="4"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">60 Heartland Blvd., Edgewood, New York</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 0pt; text-indent: 0pt; padding-top: 48pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">11717</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="4"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">(Address of Principal Executive Offices)</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">(Zip Code)</font></font></td>
</tr>
<tr>
<td><img src="spacer.gif" height="10" width="1"></td>
</tr>
</table>
</div>
</div>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:36pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Registrant&rsquo;s telephone number, including area code </font><font style="opacity:100; position:relative; text-decoration:underline;">(631) 586-5200</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top:36pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; text-decoration:underline;">Not Applicable</font>
<br>
<font style="opacity:100; position:relative; "> (Former Name or Former Address, if Changed Since Last Report)</font>
</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>






<page>
<a name="page1"></a>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">Item 2.02 &mdash; Results of Operations and Financial Condition</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">On May 14, 2007, CPI Aerostructures, Inc. issued a press release discussing its financial results for the first quarter ended March 31, 2007. The press release is included as Exhibit 99.1 hereto.</font>
</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">Item 9.01 &mdash; Financial Statement and Exhibits</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">99.1Press release, dated May 14, 2007, announcing March 31, 2007 financial results</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">1</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<a name="page2"></a>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">SIGNATURE</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 20pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">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>
<img src="spacer.gif" height="10" width="1"><br>
<div style="border: 1px solid #FFFFFF; width: 602px; padding-top: 24px; border-left:none;" align="left">
<div class="WhiteBorder" style="padding:0;margin:0;text-align:center;">
<table style="border-top:none; border-bottom:none;border-left:none; border-right:none;margin-left:0px; " cellpadding="0" cellspacing="0" border="0" width="602" bgcolor="#ffffff">
<tr style="background-color:none">
<td><img src="spacer.gif" height="1" width="313"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="16"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="249"></td>
</tr>
<tr>
<td style="font-size: 9pt; line-height:11pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 0pt; background-color: #ffffff;	" align="left" valign="top" colspan="1"><font style="font-family: serif; font-size: 9pt; line-height:11pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Dated: May 15, 2007</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 9pt; line-height:11pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="top" colspan="4"><font style="font-family: serif; font-size: 9pt; line-height:11pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">CPI AEROSTRUCTURES, INC.</font></font></td>
</tr>
<tr>
<td style="font-size: 9pt; line-height:11pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt;padding-top: 0pt; background-color: #ffffff;	" align="left" valign="top" colspan="1"><font style="font-family: serif; font-size: 9pt; line-height:11pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">&nbsp;</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 9pt; line-height:11pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="top" colspan="1"><font style="font-family: serif; font-size: 9pt; line-height:11pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">By:</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 9pt; line-height:11pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="top" colspan="1"><font style="font-family: serif; font-size: 9pt; line-height:11pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">/s/ Edward J. Fred</font>
<br>
<font style="opacity:100; position:relative; "> Edward J. Fred</font>
<br>
<font style="opacity:100; position:relative; "> Chief Executive Officer</font></font></td>
</tr>
<tr>
<td><img src="spacer.gif" height="10" width="1"></td>
</tr>
</table>
</div>
</div>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; text-align: center; width: 456pt;">2</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>



</BODY>
</HTML>


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>file2.htm
<DESCRIPTION>PRESS RELEASE
<TEXT>
<HTML>
<HEAD>
<TITLE>
</TITLE>
</HEAD>
<BODY>


<page>
<a name="page"></a>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: right; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 6pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">EXHIBIT 99.1</font>
</p>
<div style="padding:0;margin:0;width:602;">
<div style="padding:0;margin:0;text-align:center;margin-top:3pt;">
<img src="html_05749cpilogo.jpg" align="middle"></div>
</div>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 6pt; padding-left:132pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">FOR IMMEDIATE RELEASE</font>
</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">CPI AEROSTRUCTURES ANNOUNCES 2007 FIRST QUARTER RESULTS</font>
<br>
<font style="opacity:100; position:relative; ">REAFFIRMS GUIDANCE FOR 2007</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Edgewood, NY &ndash; May 14, 2007 &ndash; CPI Aerostructures, Inc. (&lsquo;&lsquo;CPI Aero&rsquo;&rsquo;) (AMEX: CVU) today announced results for the first quarter ended March 31, 2007.</font>
</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; text-decoration:underline;">First Quarter 2007 vs. 2006</font>
</p>
<table cellpadding="0" cellspacing="0" border="0" width="602">
<tr>
<td><img src="spacer.gif" height="1" width="40"></td>
<td><img src="spacer.gif" height="1" width="562"></td>
</tr>
<tr>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						padding-left: 20pt;width: 30pt;"><font style="opacity:100; position:relative; ">&bull;</font>&nbsp;</td>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						width: 426pt;"><font style="opacity:100; position:relative; ">Revenue increased 9% to $5,471,968 from $5,030,193;</font></td>
</tr>
</table>
<table cellpadding="0" cellspacing="0" border="0" width="602">
<tr>
<td><img src="spacer.gif" height="1" width="40"></td>
<td><img src="spacer.gif" height="1" width="562"></td>
</tr>
<tr>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						padding-left: 20pt;width: 30pt;"><font style="opacity:100; position:relative; ">&bull;</font>&nbsp;</td>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						width: 426pt;"><font style="opacity:100; position:relative; ">Gross margin was 25% compared to 19% in the prior year&rsquo;s first quarter;</font></td>
</tr>
</table>
<table cellpadding="0" cellspacing="0" border="0" width="602">
<tr>
<td><img src="spacer.gif" height="1" width="40"></td>
<td><img src="spacer.gif" height="1" width="562"></td>
</tr>
<tr>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						padding-left: 20pt;width: 30pt;"><font style="opacity:100; position:relative; ">&bull;</font>&nbsp;</td>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						width: 426pt;"><font style="opacity:100; position:relative; ">Income before provision for income taxes was $435,189, compared to income before provision for income taxes of $116,894; and</font></td>
</tr>
</table>
<table cellpadding="0" cellspacing="0" border="0" width="602">
<tr>
<td><img src="spacer.gif" height="1" width="40"></td>
<td><img src="spacer.gif" height="1" width="562"></td>
</tr>
<tr>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						padding-left: 20pt;width: 30pt;"><font style="opacity:100; position:relative; ">&bull;</font>&nbsp;</td>
<td valign="top" style="font-family:serif;font-weight:normal;color:#000000;font-size: 10pt; padding-top: 3pt; padding-bottom: 3pt; text-align: left; font-style: normal; text-align: left;&#10;						width: 426pt;"><font style="opacity:100; position:relative; ">Net income was $268,189, or $0.05 per diluted share, compared to net income of $68,894 or $0.01 per diluted share.</font></td>
</tr>
</table>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Edward J. Fred, CPI Aero&rsquo;s President &amp; CEO stated, &lsquo;&lsquo;We are pleased with our results for the first quarter of 2007. Not only has our revenue increased by 9% compared to the first quarter of 2006 but, more importantly, our gross margin increased to 25%. This is a 6% improvement over the 19% gross margin in the first quarter last year and 11% higher than the fourth quarter of 2006. The improvement in gross margin confirms that the steps we took in mid 2006 to streamline our operations have been successful.&rsquo;&rsquo;</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Discussing recent developments and contract awards, Mr. Fred stated, &lsquo;&lsquo;Through April 30, 2007, new contract awards were $1.4 million compared to $6.9 million in the same period last year. Included in last year&rsquo;s award amount is a $5.0 million release on our C-5 TOP contract. Although we are disappointed with this decrease, it is not totally unexpected that we would experience a slow down given the large amount of contract awards we received in the last six months of 2006. We still anticipate a strong award year as we seek to continue to diversify our customer base, and we expect our future revenue mix to reflect a larger proportion of work to be performed in our capacity as a subcontractor to major prime contractors. As of March 31, 2007, we have over $300 million in bids outstanding.&rsquo;&rsquo;</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Mr. Fred continued, &lsquo;&lsquo;We are continuing to develop strong relationships with major prime aerospace manufacturers and have begun to make deliveries on a number of our subcontract awards. We are hopeful that as the primes see the quality of products we deliver they will award us additional subcontract work.&rsquo;&rsquo;</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">Mr. Fred concluded, &lsquo;&lsquo;Our results for the first quarter of 2007 were as expected. Our gross margin has begun to return to our historical rate. The overhead reductions taken in mid 2006 and the controls we placed on our suppliers have resulted in a healthier profit picture. Based upon the level of new and pending orders, we are reaffirming our prior 2007 guidance. We anticipate 2007 revenue to be approximately $25 million, with a resulting net income of approximately $2.0 million.&rsquo;&rsquo;</font>
</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<a name="page"></a>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: right; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<table cellpadding="0" cellspacing="0" border="0" width="602" style="margin-left: 0pt; margin-right: 0pt; margin-top:6pt;">
<tr>
<td align="left" style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; font-style: normal;"><font style="opacity:100; position:relative; ">CPI Aero News Release</font></td>
<td align="right" style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; font-style: normal;"><font style="opacity:100; position:relative; ">Page 2</font>
<br>
<font style="opacity:100; position:relative; "> May 14, 2007</font></td>
</tr>
</table>
</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: 0pt; padding-bottom: 0pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; text-decoration:underline;">Conference Call</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; ">CPI Aero&rsquo;s President and CEO, Edward J. Fred, and CFO, Vincent Palazzolo, will host a conference call today, Monday, May 14, 2007 at 11:00 am EDT to discuss first quarter results as well as recent corporate developments. After opening remarks, there will be a question and answer period. Interested parties may participate in the call by dialing 706-679-3079. Please call in 10 minutes before the scheduled time and ask for the CPI Aero call. The conference call will also be broadcast live over the Internet. To listen to the live call, please go to </font><font style="opacity:100; position:relative; text-decoration:underline;">www.cpiaero.com</font><font style="opacity:100; position:relative; "> and click on the &lsquo;&lsquo;Investor Relations&rsquo;&rsquo; section, then click on &lsquo;&lsquo;Event Calendar&rsquo;&rsquo;. Please access the website 15 minutes prior to the call to download and install any necessary audio software. The conference call will be a
rchived and can be accessed for approximately 90 days. We suggest listeners use Microsoft Explorer as their browser.</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; font-weight: bold;font-style:normal;">CPI Aero is engaged in the contract production of structural aircraft parts for the U.S. Air Force, other branches of the armed forces and leading prime defense contractors. In conjunction with its assembly operations, CPI Aero provides engineering, technical and program management services. Among the key programs that CPI Aero supplies are the C-5A Galaxy cargo jet, the T-38 Talon jet trainer, the A-10 Thunderbolt attack jet, the E-3 Sentry AWACS jet, UH-60 Black Hawk helicopter, and the MH-60S mine countermeasure helicopter.</font>
</p>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: left; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 6pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<font style="opacity:100; position:relative; font-weight: bold;font-style:normal;">The above statements include forward looking statements that involve risks and uncertainties, which are described from time to time in CPI Aero&rsquo;s SEC reports, including CPI Aero&rsquo;s Form 10-K for the year ended December 31, 2006.</font>
</p>
<img src="spacer.gif" height="10" width="1"><br>
<div style="border: 1px solid #FFFFFF; width: 602px; padding-top: 12px; border-left:none;" align="left">
<div class="WhiteBorder" style="padding:0;margin:0;text-align:left;">
<table style="border-top:none; border-bottom:none;border-left:none; border-right:none;margin-left:0px; " cellpadding="0" cellspacing="0" border="0" width="412" bgcolor="#ffffff">
<tr style="background-color:#cceeff">
<td><img src="spacer.gif" height="1" width="166"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="230"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; font-weight: bold;font-style:normal;">Contact:</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom:  1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #cceeff;	" align="right" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">&nbsp;</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Vincent Palazzolo</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Investor Relations Counsel:</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Chief Financial Officer</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">The Equity Group Inc.</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">CPI Aero</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Linda Latman (212) 836-9609</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">(631) 586-5200</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Lena Cati (212) 836-9611</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">www.cpiaero.com</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-left: 0pt; text-indent: 0pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">www.theequitygroup.com</font></font></td>
</tr>
<tr>
<td><img src="spacer.gif" height="10" width="1"></td>
</tr>
</table>
</div>
</div>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 6pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; font-weight: normal;font-style:normal;">(See Accompanying Tables)</font>
</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>
<page>
<a name="page"></a>
<p style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt;  width: 456pt; text-align: right; font-style: normal; line-height: 12pt; padding-top:6pt; padding-left:0pt; padding-right:0pt; padding-bottom: 0pt; margin: 0pt; text-indent: 0pt; background-color: #ffffff">
<table cellpadding="0" cellspacing="0" border="0" width="602" style="margin-left: 0pt; margin-right: 0pt; margin-top:6pt;">
<tr>
<td align="left" style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; font-style: normal;"><font style="opacity:100; position:relative; ">CPI Aero News Release</font></td>
<td align="right" style="font-family:serif;font-weight:normal;color:#000000;font-size:10pt; font-style: normal;"><font style="opacity:100; position:relative; ">Page 3</font>
<br>
<font style="opacity:100; position:relative; "> May 14, 2007</font></td>
</tr>
</table>
</p>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 6pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">CPI AEROSTRUCTURES, INC.</font>
<br>
<font style="opacity:100; position:relative; "> CONDENSED STATEMENTS OF INCOME</font>
</p>
<img src="spacer.gif" height="10" width="1"><br>
<div style="border: 1px solid #FFFFFF; width: 602px; padding-top: 12px; border-left:none;" align="left">
<div class="WhiteBorder" style="padding:0;margin:0;text-align:center;">
<table style="border-top:none; border-bottom:none;border-left:none; border-right:none;margin-left:0px; " cellpadding="0" cellspacing="0" border="0" width="602" bgcolor="#ffffff">
<tr style="background-color:none">
<td><img src="spacer.gif" height="1" width="380"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="6.00"></td>
<td><img src="spacer.gif" height="1" width="18"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="60"></td>
<td><img src="spacer.gif" height="1" width="18"></td>
<td><img src="spacer.gif" height="1" width="6.00"></td>
<td><img src="spacer.gif" height="1" width="6.00"></td>
<td><img src="spacer.gif" height="1" width="18"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="60"></td>
<td><img src="spacer.gif" height="1" width="18"></td>
</tr>
<tr>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">&nbsp;</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="10"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">For the Three Months</font>
<br>
<font style="opacity:100; position:relative; "> Ended March 31,</font></font></td>
</tr>
<tr>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">&nbsp;</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="4"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">2007</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="4"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">2006</font></font></td>
</tr>
<tr>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">&nbsp;</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="10"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">(Unaudited)</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Revenue</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; "> 5,471,968</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">5,030,193</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Income before provision for income taxes</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">435,189</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">116,894</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Provision for income taxes</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">167,000</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">48,000</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Net income</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 3px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">268,189</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom:  1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 3px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">68,894</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Earnings per common share &ndash; basic</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 3px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">0.05</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 3px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">0.01</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Earnings per common share &ndash; diluted</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 3px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">0.05</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom:  1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 3px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px double #000000;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">0.01</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 3px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Shares used in computing earnings per common share:</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">&nbsp;</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">&nbsp;</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 20pt; text-indent: -10pt; padding-top: 0pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Basic</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">5,501,060</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">5,445,475</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 20pt; text-indent: -10pt; padding-top: 0pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Diluted</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">5,919,262</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom:  1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 0pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">6,126,967</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 0pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td><img src="spacer.gif" height="10" width="1"></td>
</tr>
</table>
</div>
</div>
<img src="spacer.gif" height="10" width="1"><br>
<div style="border: 1px solid #FFFFFF; width: 602px; padding-top: 24px; border-left:none;" align="left">
<div class="WhiteBorder" style="padding:0;margin:0;text-align:center;">
<table style="border-top:none; border-bottom:none;border-left:none; border-right:none;margin-left:0px; " cellpadding="0" cellspacing="0" border="0" width="602" bgcolor="#ffffff">
<tr style="background-color:none">
<td><img src="spacer.gif" height="1" width="380"></td>
<td><img src="spacer.gif" height="1" width="6"></td>
<td><img src="spacer.gif" height="1" width="6.00"></td>
<td><img src="spacer.gif" height="1" width="15"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="67"></td>
<td><img src="spacer.gif" height="1" width="15"></td>
<td><img src="spacer.gif" height="1" width="6.00"></td>
<td><img src="spacer.gif" height="1" width="6.00"></td>
<td><img src="spacer.gif" height="1" width="15"></td>
<td><img src="spacer.gif" height="1" width="1"></td>
<td><img src="spacer.gif" height="1" width="67"></td>
<td><img src="spacer.gif" height="1" width="15"></td>
</tr>
<tr>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 10pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Balance Sheet Highlights</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 10pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="4"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">3/31/07</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 8pt; line-height:10pt; color: #000000; border-bottom: 1px solid #000000;padding-top: 10pt; background-color: #ffffff;	" align="center" valign="bottom" colspan="4"><font style="font-family: serif; font-size: 8pt; line-height:10pt; color: #000000; font-weight: bold; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">12/31/06</font></font></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Cash</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">46,747</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">38,564</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Total current assets</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">31,942,962</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">31,006,495</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Total assets</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">33,034,788</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">32,160,187</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Total current liabilities</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">6,197,814</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">5,883,991</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Working capital</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">25,745,148</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">25,122,504</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Short-term debt</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">230,560</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">392,188</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Long-term debt</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">&mdash;</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">&mdash;</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #ffffff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #ffffff;"><font style="opacity:100; position:relative; ">Shareholders&rsquo; Equity</font></font></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">26,730,419</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #ffffff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><img src="spacer.gif" width="1"></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">26,177,655</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #ffffff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td style="font-size: 10pt; line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-left: 10pt; text-indent: -10pt; padding-top: 10pt; background-color: #cceeff;	" align="left" valign="bottom" colspan="1"><font style="font-family: serif; font-size: 10pt; line-height:12pt; color: #000000; font-weight: normal; font-style: normal;background-color: #cceeff;"><font style="opacity:100; position:relative; ">Total Liabilities and Shareholders&rsquo; Equity</font></font></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">33,034,788</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff;"><img src="spacer.gif" width="1" height="1"></td>
<td style="background-color: #cceeff;border-bottom: 1px solid #ffffff"><img src="spacer.gif" width="1" height="1"></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal;" align="right" valign="bottom"><font style="opacity:100; position:relative; ">$</font></td>
<td align="right" style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff;font-weight: normal; font-style: normal; " valign="bottom"><font style="opacity:100; position:relative; ">32,160,187</font></td>
<td style="font-size: 10pt;  line-height:12pt; color: #000000; border-bottom: 1px solid #ffffff;padding-top: 10pt; background-color: #cceeff; font-weight: normal; font-style: normal; " valign="bottom" align="left"><img src="spacer.gif" width="1"></td>
</tr>
<tr>
<td><img src="spacer.gif" height="10" width="1"></td>
</tr>
</table>
</div>
</div>
<p style="font-family:serif;font-weight:bold;color:#000000;font-size:10pt;  width: 456pt; text-align: center; font-style: normal; line-height: 12pt; padding-top: 12pt; padding-left:0pt; padding-right:0pt; margin: 0pt; text-indent: pt; padding-bottom: 6pt; background-color: #ffffff;">
<font style="opacity:100; position:relative; ">#### ####</font>
</p>
<br>
<hr width="760" style="padding-left: 0pt;" align="left">
<br>



</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>spacer.gif
<TEXT>
begin 644 spacer.gif
K1TE&.#EA`0`!`(```````````"'Y!`$`````+``````!``$```("1`$`.S\_
`
end
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>html_05749cpilogo.jpg
<TEXT>
begin 644 html_05749cpilogo.jpg
M_]C_X``02D9)1@`!`0$!(`$@``#__@`V($EM86=E(&=E;F5R871E9"!B>2!'
M3E4@1VAO<W1S8W)I<'0@*&1E=FEC93UP<&UR87<I"O_;`$,``0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`?_;`$,!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!
M`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$!`?_``!$(`%`!.@,!
M(@`"$0$#$0'_Q``?```!!`(#`0$`````````````"`D*"P$'`@4&!`/_Q`!?
M$```!0(#`P4$$@P*"04````!`@,$!08'``@1"1(3"A0A,5$507&7%A<8&1HB
M(SE66&%XD9*QTM7P)#(S.'>!E;6VT=/4)5=REJ&RP=;7X2@T-4)&4E1BE#=#
M1$A5_\0`'@$``0('`0````````````````4'`@,$!@@)"@'_Q`!;$0`!`P,"
M`P0#"`L(#0T````!`@,$!081`"$'"!(3,4%A%")1"146%U=Q@?`9(S)58F21
ME)6AL1@S-SA"5K71)"4V1$=25&-V>):VU&5F<G."DY>BIK?!X?'_V@`,`P$`
M`A$#$0`_`)^PG*734P!J.@:CU^#M'W,&^'_=\0_S<5Y>TVY0=FUO!>^NJ#RG
M7+EK!6#H>H9JDZ>E:#/$A7%RB0DD]CE*VEZO48O7<1'SA2"I#P-/.D6:,4#1
MTY>.WZZATF?7.T=S^.UUG+C.=F:.LX6475,6\5:)E,JJ83G,":,H1),!,81`
MB9$TR]1"%*``&TBP?<I^,]U6S2[@N.\[-LF55H4:>BWI;-7JU6I[4IM+S3%6
M5$C,P8TT-+2IZ-'E30PHEIUU+J'&TLQ4^-5#B2G(\&G3*BAIQ39DAUJ.TYTX
M'6P"EU:VU'/2I:6U'&2@9`U;;;P=AOB'^;@W@[#?$/\`-Q4A>>*9]O;F9F_'
M+7/TM@\\4S[>W,S-^.6N?I;%Y_8A^(OROV7^@J[Y?A^9^H.D[X\X/\WY7Y\W
MY?BWG^L?3;>[P=AOB'^;@WP_[OB'^;BI"\\4S[>W,S-^.6N?I;'(FT6S[D,4
MQ<YF9L!*(&`?+DK@=!*(&`=#2HE'00`=!`0'J$!`1`?/L0_$7Y7[*_05=\OP
MO,_4'1\><'^;\K\^;\OQ;ZY'TVW8'*(B`"&H=8=\.S4.L->]KIKC.H=OUUT^
M7%:9DNY0)GTRUW+@Y6[MV:JS+6>4<-&M:4!=!ZTDY9.$YP0'LI1U7=SDYZ(J
M"-9F<N6**[MW$R2Y$6TFS51W!)9#T164%<2C:4KVEGG/Z:K.GX*J8!YZ4!<P
MU0,&LI'+'*0ZA"*F:ND@63`YN$J"J0F$28PFYEN4[B1RP52A1KRD46M46YT2
M_>&Y+>?E.0),FGB,J?3Y4>=%AS8,^,B7&>[-UE<>0P\%Q9+ZF93<=QK1O:E7
M@S(5!0_'D1"WZ1%D!/6E+@/0XVX@E#K94E22?46E0'6VD*0I?J]X.PWQ#?JP
M;P=AOB'^;BKVSYY\<[-(YV<V=+4OFSS#T[3=.YA[LPT#`PMVJRCHB&B8^L91
MLPC(Q@VE$V[)BS;)IH-FJ!")(I$*0A0*`!A)@;1//N/0&<S,T/@O-7'TOC,.
MW_<GN(-P4&B5YGBS9T=FMTBFUAJ.Y1*VIQAJI0X\Q#+BD+Z%+:2^$*4GU2H9
M&VF^D<;H+#[S'O#*7V+JVNKTUL=70HISCT8XS@G&^,^6]MYO!V&^(?YN#>#L
M-\0_S<5(OGB&?GVY69SQR5S]+8//$,_/MRLSGCDKGZ6PK?8B.(GRP63^@ZYY
M?A_/^K4GX]('W@D_G[7E^+>?ZQ]-MUO!V&^(?YN#>#L-\0_S<5(OGB&?GVY6
M9SQR5S]+8XCM$\^Y1#_3,S-`.N@:WFK@.GKT_P!K=';X.G!]B(XB?+!97T4.
MNGV>Q?S_`*O/1\>D#[P2?SYKR_%OKD?3;>`<HCIJ&O7H/0.G;H.@Z>[U=7;C
M.\&NGUZ=-.][O;_E5V9:]N-M(\N-7P<Z&8FL[QTG'N6X2]M;SR(5M3D_%D71
M4=1P2LFV6J6`=ND4A03FHB53=L]_B`18.(FI9&94<QU&9M\N]H\Q=`D4;4W=
M:C8BJ$HERY0<OZ>DG*1"3=,R:C<>&,E3TN1Y$O1W4Q.JUXHI)<3AAA]S-\FW
M$OE?10ZG<]0H-RVO<4M^GTZX[=<FAEFIL,F2*;5(50BQ7X4N1%2[)B]DJ9%?
M:CR>F3VC"VQ?]H7]2+P5(8BM/PYL9M+KD61T*ZFE$(+C#B#AQ*%J2A?4AM0*
MDD)(.0H;>#L-\0WZL9`P#_S?C*8/E#%9!M*L].=&A\_V<*D*-S6Y@Z5I2F\P
M%P8BGZ;@+KUA%PD'%,Y($VD;%1K243:L638@;B#9NFFDF7H*4.G5<_)Y\WV:
MJ\NTCI.B;M9C;UW*HY>TEVI!Q2U<7'J>I8!=_'0C15@]5BY60<M#.F2AC';+
M"EOHG$3)F`1'5Z[F]S>O2VN"M2XTO\2K6E4RG</4\05T5FD59$YR&NAM5P4Y
M,A:S'$D-.B/VIRUV@ZP.G;5M0^+D.97XU"%&D-KDU1JF)D&6VI*5.R$QPZ6P
MP"0">HI"_(*.,F?S@Q@O4'@#Y`QG&MO3OZ,&#!@T:,&#''?``WAZ`_ST#KT^
M#KP:-<L&-9W*O/:.S<0:?NS<ZW]LX0I3&[JU[6%/TDR.)--2(K3D@R*X5'4H
M$0;\1=0QBD33,8Q0%M^JMN=LL*3?J1KG-];J8<HG53<&I=&>J)H@HD.@IF?1
M\69FH8P_:B@LLF;O'[;XM?AEQ'O=M;UFV!>EUL-DI<?MRV*U6H[:AG*7'Z="
MD-(5ZJO54L$X(`R-)DVM4BG$IGU2GPU#<HDRV&5X.-^A:PO&XWZ?$>W3MF##
M!T_RD_99P0("E<VY%0<914AO(W9^JI,6X)?^XX`3-^&DKIHD8-\3CT:`.-=2
M7*AMF<U*F+)+,7+"90Y5"H6?!D!$REU*KK(5*W`P*&Z"D*/&+T"<A0U##H1>
M4CF;F!"H_`GB>4KSTEVTJM&&V<Y,J.R$_<GO(\/:G*0N][10CK-PTM2?:B2A
MWQ`.`UUD]_@/_G4C;!B+K.\JVR,1^\$'9;,]40@Z,B3AP%N8@%&Q=[==!W6K
MY'=`^A0YN(`X*)O3E#=-IKR3Y6CEB0*IW*RIY@WI@4`$NZE1VRB2'2U],=0S
M6<EQ35#_`'42%5(/?6)T#BYXO(US8S$H4UP3NA'7W"5)H,!7A]TB=6(ZD9R/
MNP-M^[?5&KB/9*`2;@B;'&$MRU*S_P!!,<J/E@;^&I9N#$.Z8Y6Y1)@<%H_(
MW7<RKQ$BL2R]YH2-*L4PD!7G`PU!5&9!4HB<$DT2.N*8"`8R>^.Y[.G>469T
MKG'(G:?9`WCJ0TB9).+=-)VYU0QW$,1,XBYD8^R$7&F34)OF3.9^R(!3I"*A
M]!!14?Y".:F#'3+J_#BGT&(<YDU[B'PSI#:0`A2BOTV\&EI2A*PI9*/5`5G!
M21J0GB;9CBBABJ/25C/J1Z75G583WG:"!@>)R,9&=LD2WL8U#M#X<1N*-VAF
MW/NL\<-J0V2='V[1.U0,RD;TW)GJ<CRKN`,`++*"YBW:R"8E%19L#)FNFF8G
MJXB;7"FZ5J+;[5B@*D];_9GV@,9LJ049"JK\5RZ16WMTJQ1@#/6JBH`;?32%
M8S<>'N*ZB8<-[5^72YK=)3<-^\$Z0\D)+D;XX+(K4M'6`1U1;9JE<D'&X7TM
M*Z2-SN,J;%VQ):>N)2[AD)ZDI!119C05U#((5)2P@)Q_+4H('<5`[:=TN764
M?;RWU;UY*.46L=1E)5%5+QPN.B*2$#$.Y$YU!`!'=`4"`;0!ZP_'$SY/9MBG
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M[U/3734#M552B&O1T#UZAUX[`!`?K]?U:X9,R<;#'+3E39M%YFYV8F]U1LS)
MJ(.ZNO'7U&TBR6(<%@&.M[;JIJ>I_AI+ZJ-PF!F7*("8#N5A4.8[U31HDR;-
MF;<#$;M&Z+5$AE553%1;IE12*958RBRIBIE*`J*J'5.(;RASG$QQUKW]1[`H
ME9=@\/KUK%]4EI;B??NJ6=\#VGT@CLEPX;UP5F>ZA:>KK,V-3'&U``,N`]0=
MVDR*M)CARK4R/2WB!B.S4/3U)[\AQ28K#2<;8[-QW(._21C7U8,&#%BZ5=4N
M_P`G3T!V:"&GZ^C\6)&VP&V965S:)FS,DS(Q=<R7E6>5B%)>0VNI2B^$%5>2
MH98)#N:BJ+\3=QVG-Q6^X:*`0OJ@F".3B9[R1O[KG?\`#8[Y*_QU6<\EVW/8
MO*_Q+N>SJ]5+:N*F"TS3ZU1ICT"I0O2[WMJ#)]&EQU(>9[>')D1G>A0ZV7G4
M'U5D:PLX=PXM0O*BPYK#4F*\N8'6'D!;:PBG3'$=259!Z5H2L>PI!TYMZ&/V
M7/L6OCX]JI_<L'H8_9<^Q:^/CVJG]RQ(5P8YW/W7',Y\N_%'_;"L_P#%:RM^
M!EJ_>"E_FC7E^#Y?K/MU'J]#'[+GV+7Q\>U4_N6#T,?LN?8M?'Q[53^Y8D*X
M,'[KCF<^7?BC_MA6?^*T?`RU?O!2_P`T:\OP?+]9]NH]7H8_9<CJ'D7OCH(:
M"'E[53H("`@(#]A=0@(@/N=6F'O+'V=I/+[:*WMEJ%6G5Z/MI34725-J5-,K
M5!.]R(L3$9DDIEPDBM(N$DC@ESE5(ASID3*8/2ZCMG'$W4'\HG]<N+'OGC7Q
M;XGPH-+XA\1;NO.GTZ89\"'<=;G55B',4TN.J3';ENN!IU3+BVE+1@J0<'(`
MQ7T^@46E.K?IM,APGEMEI;L9A#2U-%25%M2D@%22M"5$';J2#X#52+M%OO\`
MC.;[YJ\OZ;RV%T[!'*#8#.MG3J6T>8ZB3UY0<=8NLJS:0I)R;I_AU%$U)1D<
MQ?"]@'T>^.5%G+OTN;&<<`YE@4.0QDR;J%MHM]_QG-]\U>7]-Y;#OW):544=
MHU62BRJ:1?,QW"+O*G(D43#65N]"@*AB@(B`:[H")M`UT$-1#I4XT5JM6YR5
M7+7+=JM1HE;I?!2CRZ;5J3,D4^IP)2*+2NSD0ID1;4F,^@%70ZRXA8R0#@G6
M(%NQX\J^*=&EM-/QGJXEMYEY"5M.-JDGJ2XE0*2DC8A6QU*,#D\NR<$`'S,Z
MGC/N=_>C!Z'EV3GM9U/&?<[^]&'I`D6&@?9K3J#_`.4W_:8SW18?]:T_\IO^
MTQSF?NE.8WY<>+__`(@W=Y?\J^7UVQE;\$+/_F_1/#^\(GX/^;^;\OD,,M>A
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M*\FM755V4]J"*',8C6Z%]&Z!1TT21&Y4NX,F40`!$HKKK*>G$QM3B`"!0*4M
M;6/6(^Z.+(_DU&GG5-L``0'2ZU\@'3O#Y8<B.@]@Z"`_CZM,;7?=6<'EGHNV
MZ>+%JD''<?@Y>(R#WCU21].-,WP6S\+'_9[T2\_-V\3O\LX[]L^>H-FU3]<A
MSN^^1N5^=@PX/R9SUTFCOP,WF_,++#?&U3]<ASN^^1N5^=@PX/R9SUTFCOP,
MWF_,++#T\5?XAMT?ZM3'^X$/5KT3^$*E?Z51/Z21JR##J#P!\F,XP'4'@#Y,
M9QRT:S2T8,&$?YX<ZEG,A67^J[_WFDSI142`Q%)4TQ`YYZX%=OF;QQ3E$T^F
MFBONOYA9FH"\@Y3".AH]%W+R*J;5J83+%O6_6[KKE)MJVZ7,K5?KL^-3*12:
M>RJ1,GSY;J68\:.T@$J6XM0&3A"$]2W%)0E2A3RY<:#&?F2WD1XT9M3K[SAZ
M4-MI&2HG]0`R5$A*020->\S-9IK%Y/[535Y\PE?1=OJ!A#HMCR#Y-R]D)64=
MFW&,'3L''(NI:?G'Q]0:Q<6T<.#`4ZRP(MTU%2PH<^W*>,P%U)>3HS(_#C8.
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MG#&F5#'^?>%VW_4GJ/9:':?2VCTO3^I4=TMDD!^7+2%&*TY@EJ-&S(6`H'MM
MT)BPPE$YS]H%<Y_+0\!?/-7=&7<&[J3JJ=05](BJ0HJIH/ZAE5CQ$2D@37F;
M%Q(,4&K8I4V3<C=(A2.*41R=G:OUF5BJXL535$,G9!$SFM[O4!%J,@`/2E=1
M4;*R\L4X@(%$B+-42Z:F$`Z<61=O[9V^M33$;15LZ)I6@*0AVR+.+IFC8&,I
MN#8MT$RI))H1L2V:-0$"`.\H9,RBAC&4.<3F,8?;[A=-```\'1]?[`ZL-A=_
MNL/$4.)IO"GA;85FVU":$6FQJ^FI5^<S&:'0R6F:/-MBD0$(;2GLX34&4U'W
M;[=]`!TLP."=,*.TK58J$V2X5..JB=G&1UKP3Z[Z)3CI"LGM2&BYG*FQL!`*
MH+DHV=F;534N%?C+A0;,Q0,8(5S<"O)-(W1O$.R"EZ6CQ,&O0*<T<#B&@B4-
M#`N6U_)*+=-FI!O/F\KF;>;XF43M90-/4HU$@AZ0A#UDM6JP'*.@'6,30Y0U
M(BEO`!9B0``=6##`W%[H[S:5]+C3/$"GVXPL@]E;EI6U$4C&?WN9-IM0J"`K
M/K`3,'`/>,ZN>+PGLF,4J73GY:DD$&7-DJ!P,84AE;+:@>\A2",]V!MJ.S1'
M)A]F92_,E*AC[Y7$<-C$.X\E%V7<<Q>F*;407C:3B(%+<4#H.F14@`74"Z".
MN%H4'L1MEE;LY%H3)G:N3<E323.XK,U3UX*PI`&AU&U83\S'[YA`1.9)DEO[
MQ@,`E'0'5L&&*K_,WS$7.%IK?&WBA+:="@Y&;O2O0HBTJ.2A4.!-BQ"C/<CL
M>@#`````N2-9UJQ``S;])&$A(4["8D+PDY'VR0AU9(.X)43YZTC;7+3EXLVW
M3:VDL7:"V*"6HD2H&V](TF0ACB8QS%[B1+(0.<QSF.?[8QC&,81,8PCNH$B%
M``#4``-`*41*4`[VA2Z!T=[HZ.]C],&&:J-3J57DN3:K49U3F.GJ=EU"7(FR
MG3G)+DB2XZZLGQ*ED[Z7F8\>.CLX[#+#><]#+2&D9/>>E"4IR?;C7Y@F4!$=
MTNO;IT]?N]'0']/3C],&#%%J=KB8N\'@$!^*.H?C`0U#X.H1PB#*'D$L3DNJ
M;,;5]I8Y\%0YE[P3EV:TD)3F1CQ19)PY>1="TX#-JVYG1U..Y&7>1K=P+B07
M>S#UR_>NC@V!NN'!A=I]S7!2:/7[?IM7G0:)=3=-9N.F1WU-Q*RU2)HJ5,;G
MM)V?1"GI3+CI5LA]*5XR!BE>A1)$B)+>8;<DP2\J&\I.5QU2&^R>+9\"XWZB
MO+1@P8,(6JK1@P8,&C5+OB9[R1O[KG?\-CODK_$,+$SWDC?W7._X;'?)7^.H
MKW0_^*%Q9\DV7_[@VIK#7A?_`'=T#_K)W]%SM32\&#!CEUUF5HP8,&#1HQQ-
MU!_*)_7+CECB;J#^43^N7'H[Q\X_;HU4B[1;[_C.;[YJ\OZ;RV$C1,W,P#D7
ML%,2L&\%(R!GD-)OHEV*"@E,=$74<X;+BB<Q"&.D*G#.8A!,41*717.T6^_X
MSF^^:O+^F\MAR/DZ%@+*YC\]U5T%?BV-'78HUKE\KBHFM-UO#HS42WG6-5T,
MU:2R3-<P)E>MFD@];(K&`VXD[7*4H"8#%ZYJA?U+X6<N4+B)6J=*J]*M#A=;
M]9G4R%Z/Z7-CQZ)3`IB/Z6MN-VBRL8[9:4_/W:P6CTU^L7&FEQG&V7YU35':
M==*TMH6X^I*5++:5K`!.Y2E1]@.F1O+.N/\`QBU]_/BJOIC!Y9UQ_P",6OOY
M\55],8M0`V2VS6T#_0GR[=7\7<9\[&?.EMFM[2?+MXNXSYV,`/LL'!'Y';X_
M])^7X]\_Y//3H?$K<_WZI?\`W]0\OQ3ZX\AFJ^\LZX_\8M??SXJKZ8QYJ5FY
M>=<\]FYB4FGF[N<\F)-[*N]SH'=!S(.'*X%$0#4H*:#H'1T!I:S>=+;-;VD^
M7;Q=QGSL'G2VS6]I/EV\7<9\[$QKW6;@NPL.,<(K\9<QCK:7:S:\'&1U(J`.
M#XC.#CSU">"=RJ&%5BDJ&VRG9Y'@/&&?#(^N]5K0E!5O="J8FA[;4C4=?5E.
MNT&$-2M'Q#V?GI-XZ5*@W;MHZ-1<N`XRQRIBLJ1-NEJ)EEDR%,<MJALM,I3[
M)-D7L+8&>`"UG!4TM4]PTB+D<HM+AUY(*U;64<V7()B+-HF;E',4W53442.F
MS]1.9'ACA1%FLJ&6C+R8RMCK"VCM0\59=S5Y.@Z!ING9IS'[Q%.8NYQA'IS#
MMF*B9%!;.7RJ)CE*<Q!.&]A0.@`'1VA\H8P6YRN>:3S/4F@V9;]I2+/LFAUC
MX0/HJ51:J%7KE7:A2($!Z0B*PS$@1:?&G5`-1VG9JGW9A=7(2&D-ERK`X<BT
M'Y-0ES43*A(8]%2&$+1'CLJ6VZX`I9"W5N+;1ZQ0V$)21A77E-3MM4_7(<[O
MOD;E?G8,.#\F<]=)H[\#-YOS"RPWQM4_7(<[OOD;E?G8,.#\F<]=)H[\#-YO
MS"RQN4XJ_P`0VZ/]6IC_`'`AZQ^HG\(5*_TJB?TDC5D&'4'@#Y,9Q@.H/`'R
M8#"&G3[OR>$/!X1#'+1K-+772TI'0D;(3,P_:1<1%,'DG*2<@X3:,(Z-8-U'
MCU^]<K&31;-6C5%9PY75.5-)!)110Q2E,(5D.VPVE<IM"<TDNC1M0NG>6BS4
MA*4O9&-24=-HV>(((-ZANB]8KHM%#R-9.FF]%'>H`ZC:91CV9>$9=V4TCOE*
M>TV5LG;!'(O9RH4T+FWJI]1W>N8BGC8S^A[2N^$1&DSF0<&=QD[<L-\C@BJ*
M2R=$INU"CPYUHKB,WL8-GVXV@F<>F:1J1@JI9&U!(VYU['8MU3L'U.1<LV3A
M[?@X()4D'U?2*2D6FF<VO<-G/.R)*D9G2-NG]S_X+VYP9X9W1SD<8&4P8T*@
M5-^QVY325/T^W&TJC5"X8L=U(7[\73)Q;]MI2XTZ]!?D%HNLUV,XC'OB=<,F
MX*O#L6AJ4ZI4II$\MJPEZ8HCLXRUI..QA`EZ3U92EY(ZL*C',B7DXNR7BJ(I
M"G-H-?\`I<Z]Q:N;/SY>*/J*.0,E1%'KF3;HW9,T=`9="K:K2!\C2RKA!)2&
MI=4LJT`'4VFX1EY@`````:?V>Y_0'^?7CY&#%G&,FD>P:MV+!@U;LF+)H@FV
M:,V;5(B+9HU;(E*DW;-D4TT6Z"92IHHID(0H`7'UB.GU^OU[X=>-77'?C7=G
M'[B57N(MV/N)<J+ZX]$HX?4]"MJWF'732Z#3\I;3V,-IPJD/I::5/GNRZ@^@
M2)3NGEMFWH5L4B-2H20>S`7)?Z>E<J4I*0](7WG*RD!"25=FVE#8)"<ZP8Y2
M%$QA`H%`3"(Z`!0`!$1$1$````!$1$0Z`$>H!$-#/LS%F6$VM3ZM8MU9%"0)
M&'YHQD'C0SPZQ$`(D^;MU&BR95E"IF725,B!@/H<0((X3W?2^\Y6U0%LK9LZ
MSR1DW:L+.SC$Y!!R)]TCEA%/$C&YNQ:I\89J6#=`J)%D41`@&4.CZ]-K5[-5
M'"4\:2"0>JTS&S3EZB0R;<)47#I-R#`IBE5!F@LW3*V%758VX*IP(*@)$:-#
M0..LD$C(`[\>T[''S:GRZDMOJ,9"7&VE!#KR@2CK/<A&%#J.,Y5N.[PP2]^`
MZA]?J/1W^_CY7SYI&LG<@^<)-63%LN\=NES`1%LU;)F6775./05-),ICG,/4
M4!'JQU5*21)FF*=EDS`=.4@HB1(<!`V\5Y'H+@.\`B!M=_74!$!Z]<)HSA7"
M"D[:FIEHL*<M7:QXDFX8N^E#-117F5#!OE4(1=$Z;$#@0Y#&<&2,(`;$M*2I
M03[3C^O\FE%Y]++"WSW)1U`?XQ(]5/\`VB0/ISKT_FLK&=7DP..@B'1"3(]7
M9]A](=@]0][!YK&QGLO4_(<U^YX2CERMM9.2HQS/W3DZ0<RDO)*!%QDM4J,>
MZBHQAO-]Y9F5^V425?N>*N4RA3;[4&PE`N@[RG(:QV6"HU5D*?A*2FUVR95G
M",343B0501,;<(JL1K)JF33.?4A3G`"F,`E*(B`AB8I+:21]L..\[8_9]3I/
M9?GO(0M*X*2L9"%%SKQYI"CWC)QOMW]V_:$S7V/4.1-.K53J*'(FF0L%-"8Z
MBA@(F0H<SZ3'.8"E#OB.-O5A75-4'3ZE3U5(=R8=-1H@==9NNHKSAZ8"-VY6
MJ)%%S+G,(@*8$WB;A][[41QKV.RWV6B'[*484)&(O(YTB]:JG<2"Y4W#<X*(
MG%%=T=%7<.`#N*D.0PZ;Q1TPCO.I7*DW5M.6VB%C.2PA"/I5J@81XT_,"BG&
MLE2DU$RC=D*:Q2B!@`[\A@T.F.(4I2M0">K'>K)'=MW8'T>/@?;J:[(DQ8[C
MLCL%+RA+*6PL`J5W]14=\;G`QLD[[C2I?-9V+]F!_P`B3/[G@\UG8OV8'_(D
MS^YX\U1F4JUC>E:?2JNFE)&I0BFAYUWW7E4`4E%4@5=D!-!X1`A4%#BW*"1"
M%$J0&TU,(CQK/+OEZHVEIZI92E@;-(>,>/#&5J&82%55-NH9NV1,9]H+EROP
MT4"%`QS*'*!2F'H'W#6<#M#O@8Z=_F^?7G74PCM%>A)3T]2NKM04C`)SC(R/
M6\3W?EV;2.8:TM;SC2G*>JM)U,O^(#)DNPD61G9TDE%U$T%739-$RI4DCG!,
MRA3'`H@0!-H`[1GZBA*6B7<Y4,FSB(EB0%'3]\L5%NB4P@4@;P^F.HH<0(DB
MF4RRIQ`B9#&$`%K7)O0BM2W,5J]5(Q(FB6RCL"F.<V]+RR+EK&M@/IHJ+5`7
M3A81,4V^1L<=XJ@X])G(KUU4]<PUL8-===M`\W[H,T!WDGM3RYT>9)'*F(BL
M9@T4;E3`=3).':^A`43#'I;':!`)QC*N[;Z[>'CJ4W471!5*=0CK4YV;*$Y`
M7L-\$D['K.QW"<>>E9*9L+%D.8GDSX@%-H"B<+-&3.'_`#$$611$H].FI0'H
MZ0#JQP\UG8OV8'_(DS^YXZ"D\H]IVU-03>IJ</)5"E%LPFWP2\L@5Q*&1*=Z
M)$T'A$2IIKF,BF"2:9133*;=`3#CT(Y3[%A_P<?\N3?[[B'[5_G/_+J<#52`
M<0TY`.#VN1G&QQD9&^=\>>N/FLK%Z@'DQ/TB`:C"36@:CUC]ACU=>-S1];TO
M*,&,FPF&KEA(M&S]DY)QBD<-'B)'#9<A3I%.!545"*%`Y2F`#`!B@.H8:-S!
MTK1L-=-.A+80@MNY[9A&/$T';Z1._J.24!;@D%PNY/HS36:MU"([H\7G!3D$
MZ?2Z%2UKHZ"IBG(1=XY.O#0,1%+'(8HD,K'Q[=HH8HB342F.B(E'O@(#CU2$
M)"3ZWK;[XSX?UZAB2I3SK[2PRKL2E)6V%]/63@@%2M\85X>'CXTZZR*S999N
MX3407;JJ(+HJ%,FJBLD8R:B2B9P`Y#IJ%$BA#`!BF`2F`!Z,/%;)K:V2>RY-
M>P8^S+.[9;Q%H@#@ZJE6FA@S4::>W1**;![SPKXLX8!`>$9$R`#O'`^Z#X>T
MPY,[75QKO5I?+(Y5]))M+CU))594MDKCR2M.-J?J*??/9*><T)6*#-^T/`/'
MSCG#*EYN/;*Q*JSE)">48E;-4&:)KD[&UKB5DTFN7"#J`I^+JX@[U6=%!+AG
M`I>(,S64,MJL4>(EPT5`X?W44C^DQT_'F0Y/>9+A::%>_$6QXE`NJ'3';BLR
M\[N9LFKPID"7"JPI\M4NI428I5/JD%@IF4Z4N%.[`+8D/QG2E>)9M*^K5K`?
M@4JIKE0W'1%J%.A.3F%I6VMHNMJ;:>0`XRZH=+@"T=12I*5I(#M'HMZI?:8P
MWC2<_0>#T6]4OM,8;QI.?H/#/OH>[:Z>U0#QU6$_Q+P>A[MKI[5`/'583_$O
M#/?$5[ES]_N"?A_AX7^#_P`__/ZXW7??WC%_D]R?H%?E^(>0T\%Z+>J7VF,-
MXTG/T'@]%O5+[3&&\:3GZ#PS[Z'NVNGM4`\=5A/\2\=C%\G?VMTBY%NXRS1<
M,0$E%.>2UZK*\U$Q!#=1_@RNY1SQ5-=2"+8$M"FWU"#N@:%?`WW+A"%+57N"
MG2D9/3QV=6K'J]R$7\I2COW)!/D?$]_>,7^3W)^@5^7XAY#3N!N5OU*4IC#D
MRA@*4ICF'RTG/04H"8P_[#TU`H"(:]&N)<>5B[54WYRYV:O/6E%I6[J6Y]`T
M[6TI12$BI+(T\>?1!\V8)R*K=JH\*#%1JN"QFZ8FX^F@@4IAAGY)^2X7YF+C
MP]1YWZOHV@K7P3Z.DWM`6UJ)&M*TK@&SHJZM/2,UW-;4]240[*B5&1?-5*B?
MN62Z[=JDP<`"X3H(N+CX6,CX:(9-XZ*BFC*-C8]FD1%HPCXY%%HR9MD2`4J+
M=HU12012*``FDD4I0T#&MOG9;Y0*&[:EK\LE-I4NK,2YM0O.Z*)7+EK=(1$]
M'9:I5%@S:M59],GN/N/29LY^FI>3%]%B,>E]H[)CMNUPZ%\O^F3;M>E(CJ;0
MU!A2F8[+REJ4E3DA;;;;;K79H0&T)=QU]JL]&4`ZJ5MHM]_QG-]\U>7]-Y;#
MP/)9?7'JR][%</\`3&W6.KSH;"_:D78S=9FKGT%EE"<HBX-]+F5C2,UY;MDX
M[NM3E055(R,1(=SY2X3.29<Z9+I+<U?M&KM'>X:Z":@&*#D6P+V5.?')9G6J
M6[692QOE<V_D+$UG1S2>\L6U]5<6HY6I:+?L([N;1U8STJ3CM(E^MSI1D1HG
MP-Q5<BBB13[0N.?''@M5N3&[K6I7%WAE4[FD<'*92X]O4^_+6F5M^IMTBF-K
MI[-*CU5R<[-0XVXVJ*AA3R7$*04!0QIG+:MNX8][TR6_0JPS$;K:'5R7:;,;
M80T)!5VJG5,A"6^G?K4H)QOG4RP.H/`'R8SC`=0>`,9QS@ZRTT8,&#!HT8P/
M5^,/E#&<<3#U![H:_#K_`$!TC^+MUP:-5.VU3]<ASN^^1N5^=@PX/R9SUTFC
MOP,WF_,++&V<_NP_VGM[<[.:>[EM,M(5%;ZXM[JWJVC9_P`MNRT5W8IZ8?E<
M1TAW-F+@,)9CSA,1-S618M':6FBJ!!TU6-L-=DEM`LGN?BF[T9B+"^5_;5A;
M.YM/NZC"Y5JJGX4O4$0V;1+7N525:3DR?G:Z9TP638&01TWG"J11#7I$XE\<
MN"L[DLN.U87%[AC,N=_E\9HS-NQ;\M:17'JPFQXL0TEJDM55<]RI"4E4;T%$
M=4GMP6>S[0=.L2*/;5Q-7S39CE"K#<1NY8KZY*Z;,2PAA-00M3RG5,AM+24`
MK+A4$!/K$XWU-D#J#P!\F$@YZ\X=O<BF62Y.8ZXNZ]9T?&`VI>ER.$VKZN:[
ME1,UI2C8U10#;J\Q(B47;@J:O<^);R,FJF9%H8IMQ7POI:C+A;"J+PWKK:#M
M];JCF`OIRHYYT5NW)J`@VCV*("+F4F9-8`9Q$+'I.)*5?*)M&3=14X!BLSVL
MNU)N1M++WC.+`]H^P-O'$G&6<MISMQPD8XSQP4]>5>AQ0:O*]J)F*7.U"I<"
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M&NMV&9.B)N:8IYP+A5!.7DAYA+0`-```[WU_H#H#W,/][HES3TB]IT'EZX52
MHS?#2P'XK%PRJ.0U2ZY7Z,WZ'!HE.$=?8.VY:C:0RT$#T695T=LRA;%)ITM^
MV.%5F/P&W+HK2%FJU%*E0T/Y4['C/X4Y*="T]:)4S*AGJZD1SN<R%H0".@?7
MO_7J^0-1!NW,]F:3`LE;:WL@0XJ%<1]65&@;0$_3<)Q"PSC>*`K:%.E)/TP$
MI"FYNS4W^(J125^F%XJB@/(O:QBR;$ED3%G:A<S2,8]0:F$Q1C(H@EXR2SD`
M*+F0`Y#)HB+=N`**"H3HK"Y=8:U\*LZJ!%A/5A-)(&E'"[=%TQBTB`)@BXL%
MDS:D(H<XNGVA5'RH%$I$D4P*.K9'2D=2MSG9(_:=.O*])?48K`4TV4GMI*TD
M#!'W#?<5$YPHCS`(P=(4LE?JD;-1[D[>WZTW4TD&Y)U`M4#5$PMR'.9%E'-C
M,5#,6A0,!ER@H95TL'$64,4J9">4OO>-M>F?AIU*`/`*1,*:'42/))R(.""^
M</$U0,DW0X0D%<Q-#`?>`.@Q0Z,/,>1JG_\`\.%_)+#]AA,V9FQTO<B`II"@
MX>$3EHF9=KN2G.SAR*1[QB*2@BJ"(`L8BZ+?=2'I`#&,&F@XF)<05YZ<$]ZB
MKR'MVQ^SZ=4+]/EHB*:2^EUM/20RA@)4HA0WR"25?RB3DG!SKW66B=//V3H5
MT<1%9G'N(0X#H(E"&>KQR!=>@-.:MT#!UZ`8`'40'"![YS3Z^5_FM(T^H"K9
MD_0H>&.8-4"J-W*QYN5-N&'>;@X!RN90NAQ:,R%,&\F&JPK/4#=6V5DZGI?N
M?%FK4)"9=4NEW7058;TJ@S305<.P(5-$C1<KAP9,0WE--THE,<H@D6-RIYBH
M62),P_,(N62,L=.4CJP392!#N0,#A0CMN5-<AUP.<%3%.`G`Y@-KO#J(Z0I:
MNI/B$Y/MW^?V#\OL.O9?I#D6$QV#ZATMJD!*%=7J`(Z.[91]96#C'JGNTH4,
MB=O1`-ZKZS$=`WA`E/#J.F@Z",,(Z:ZZ:B.@:8WU9VQU+68:3"$`YDI-S-N4
M%GDE+$9<\X#9/<;L4Q8M&J8-4CF57`#$,<5EU!$V@ANHO\I3./[-ISQH2'[?
MY<?=&60S;K24>E+5_4#.+4>M22+I&Y<DLLW8&7(#Q9%)-QOJ+$;[XI%+TBIN
M][4!\.2,%U)'L_)]?J=1-*;:6E;=)D(6-@KI.V=CW[#8[GPW]ATXG4<]'4Q!
M2U0RRP(1D+'NI-\J(&'<;M$C*GT*4#&$Q]T"%*!#")C!T89RHVA*US&7"JV5
MBGC..?JNG532,I)*N$F[`SUX?N>U2%FFJOQO2D10*W+HB5N)Q$A`*(.0YAJ,
MKRM;<)T302#=VI(OF"<TYE)4K13N1&`#@A#+KE.=RN\>HM17.([VZFH90#`H
M(8^?+59Y]:6C'C>>*@%43\D9]-%;+E=-VR+,%&L8R1<$`"+E*@)W1S@4NBKM
M1(=>&4P^(4$()!'63@#OVV[Q^7]6I\IER7+896A8C-)4XXL9`4LC9(5W$CU1
MMW97[-F[;O6WNG9IQ#DJ"K)"29SB3DS.3B9V=,T!RU,3G#)8'2J"I')4E$W!
M0W=Q9$XBF<QDE2D]+:^PU77NIXLPUN;'"R;O#-I.(E7,_)R,2Z2T%(5F*A^:
MGXZ!BKM7*;@$U"&$F^50BA2.9W7MQ$W2HN5I64*!#KIF<Q+X`]4C)E!-3F+X
MFG2)2*&X;A/[59NHJF;34!!#-I;%9B[25<WJ2'C*<<ME0*QFXL]2MP;2T4=8
MBBR(Z)APG*8E%=BN(&,@MH!@,F=1,T:7,I.X2L>W`!^HP/H![M43U/[&4G[4
M\_$6,$(*U*;.P.>G<@'!`\4Y'>G.E<4C1U(Y<+83*B;APX91+=Y44_*N2$,\
MDWQ4"$Z$TBE`B6I$FC%H43"F00`3J*G.H=!F6NFI&Z]\'==31.<-H22=5G+J
M*#O`>8?.'!H=J74NBG!>:+Z>E$I&:9]!*(AA?=_J$J2Y-L)6EJ96:MI5ZZB'
M(MWS@6[=VW9NTW*[%1RF54$1$Q"JD.)#)&40*0=TI]\J%(++5F>I<CI.F9(*
M=(].DH\)!UX>+(Z40`Y43N2LQ2!<Z15#D3,IO"0IC@70##K"@@I7E0"U'&3[
M-OZS]1J=,;6F1$0W&=7&C@.!#22<KZNXG?NPG.=\*5[<Z=8#H#OZ]_H'K^#'
MD*^J]A0='U!5LD;1K!QRSO=W1,99R(`DS;E)J03F7=*(I[I3`.AC"'5AO3RE
M,X_LVG/&@_\`V^/BD,N^:FI6W<>I*G6D(E=9!1PWF[@OI..`Z)P.DNJR-SD%
M3HG#B(B")C%4#4HD^V+"$)R,N)QD9W\-OK_^'50J=(*5!$"2%E)"2I)P%$;$
M[=P)!/T]V^.KRG4>_N#=N0N%-%YRWIERZGGJZ@B/.*GG#.3L2E'3TQFYSNGQ
MNK<,DV'I`XX=;`@=\.GPCC45E;2QEGZ0)3S-R:2?NW1I*;E3I$0%](J))I:)
M(@)A19M4B%19I&.H<"`90YM]0P8V_B%Q74K;N&P^;_[U/@1C&CI2O]\62XYO
MD]:L;9\<``'<C.>_.C0!ZPUQC0.P/@#'DG]?4/%"D$I65)QHK@840?U)#,Q6
M`F@'%('#Q,5`()B[PDU`NH:Z:ACR+^_UBXMR9G)WHM+'.R%*<[5_<BC6CDA3
MAJ0QD'$RFJ4I@`1*(E`#`&H".*Z/1ZM*QZ+2ZC)R"H>CPI+V4@])4.S:5D!6
MQ/<#L=]3%3(;>0N5&1@[A;[2<$[[]2A@^(UMO0.P/@#!H'8'P!A.$UG%RE4X
MJHA/YH,N\,NDDFNHWD[U6W9.2HJB()*BV7J0C@4U-T>&8$A`^@[HCH./.^;S
MR1C_`/;S+/TZ!_ZX6XZQZO\`B+W<+#5CWJ^@.,6?=+S:L%+C5OU9Q"@0""E2
M(BDD$$$8.XW[M2552EH("JC`23N`J7'2?`;9<'C@?DTK'0.P/@#&-TO8'7V?
MJT^O7KA$ZNTER!HJJHJ9R,MP*(J'24`+N4><`.F<2'`#DDC$,`&*(;Q#&*8.
MDIA`0''CWNU=V;T:[<,G>=;+L1RV/N+$)<6(6*4^Z!M`6;"LBIT&*.\FH<->
MC774`56.%/%"4>F-PWOV0H)"REBT+A=(3E("B&Z>HA.5)&>[)`U3*N&WT?=5
MND(WQZU2AIWVVW>&^XV_JTX3N@&GA$>_W_Q_7W,8`NGU]WH^O>'7#8+W;1;+
M2/=N&+G._8<KEJJ**Q4ZD?N4P.734".&T.LW5+TAZHBJHGUZ&'3'G'&W*V4C
M=)=3S:=JES()K'X39*JEU5A1*8W#;E"G@!8ZHEW4`*8`5,8FZ.A@'"PWP'XX
M/!):X-\5'`H)4DHX>W8H%)W2<II!&%=X.=QOKQ5Q4!`"E5NDA)W!]\8F",9R
M"'MQ@]XVT[%NAV!\`?JP:!V!\&&59GE!VRIAVI'),R2,P8ZH)\U@Z*JR0=D`
M2B;BG0[GH[J0:;HGWAT,(%TZ0'&J9OE+NRWAGIV:5>7;G"D126!Y`66J=^Q4
M%0AC"W3<J.&Q1<)B&XJ4Q2D3.8H&.)=1Q<,+E<YCZCCT3@9Q4<'K?=6-<3.Z
M5)2=WH#8V*A^T;#.J'X9VD%='PAI!7CJPF<P3C;?9?F#]1J0#@Q')?\`*A]F
M>V*B+-#,9)F4.(*$1L^FS,B4"@(',+ZIT0/J(B&B0F,&[J/1IKJF=Y5QD:CP
M_@6RF9VH3<Z.B()P5MXG[&*4XD>:RM?(`(*&*4H-P]7)O@)RE`IM+EA<F/-/
M/(2QP-OQLGN,ZF(IB=R1NNHOQ4CN\3W%)_E)S2N<0+-:5TKN"#G\$NK3W`[J
M0VI([_$C?;OVU*,P8B32G*ULMR(#W$REWXD#`"^G=:K[<Q`:E#[&_P!1?3@^
MJCKQ]`]0`/4N<Z]&EJAY7.CQ%$Z5R,.#([B)DG=17\035XF@BN12/C+8+$W`
M'0J*I9/?,`B*B)!#3%V0/<_N;RHD!K@[/8!P>J?=%CT\`$A.2)ES,KV)S@)*
MNG<`Y&J)WB?8S)(-=;60,X:AU%W.P.`I$0HR<[>MCSVU-!U^H@(?+C`[H]\/
MZ/[<02ZFY4CGJJ9FF]M3E'M'#L'`ZH2$W#73N`V422%PBZX#J#F:3:JJ%6`@
M%4`54VYT%DED5C']2T=4.W=VXM?G13HV@"4@+L!7;)T%E-G)]1RW.0ZFK8U5
MQU7JJ)`F<ADUV^\?<(4_%$!4,>_*?[FES(2.GWY?X96D"5APW%?L/[0IL$K2
M[[R0ZUZR,$*".OI/?A.3I)7Q@M('I815Y9SC$>G@GP`.'7VE$*)`&`3N-M6$
M8F3Z0`2B(=([H`80[-0#MZOU=>&U<\NU>R;9!Z9D7=UKDQ527'(@<L'92WTE
M#U%="9=F`>"5U"I/RI4O&"<2BXFJF7CFB3?B':IOW"8-#P=:KS&\H%S,F>Q#
MU_GUD8^:3`%XBB+8UI:Z#61<*`D!$%J:I2E"$3.IZF()RH`4HF*82DWQQ\U@
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M.#GII`C)*-5&<M/EIJ^$36<N'0)H+05?W9C7ICHMR-C&,_IRWSMJ9P9P1K*5
M41`44H7#MFSAV!F4_(R>GKC5PU;YBLQ<4<[Q&XU911$:1I)^"W$:JVYMZZ<2
M,;"OV)"I<*IY=>9J0'15'<>[ATSD9-WX2E`H?V]NHZB/?Z1[X]_%/S$\]MJ4
MRQ?B"Y1Z,JQ^'<2(_1JA>,:([2I]3IS@6S*BVTQ(4:K$:JH4MZIW-6E(N>I+
M><);A/%V7*CM3AM-?J/PEOA[T^IN+3(:@+<#R&W=E)7,4G+*RT0`U$9)C(`2
M#E([(<$P*4I2E*!2E*!2@'0```:``!W@``#33HTT#_=Q^F#!C51IZ]8T#L#X
M,9P8,&C1@T`>L-<&#!HUC0.P/@P:!V!\`8S@P:-8T#L#X`P:!V!\`8S@P:-&
M@#UAK@TTZL&#!HT8QH'8'P!C.#!HT:=[O8QH'8'P!C.#!HUC0.P/@#!H'8'P
,8S@P:-&#!@P:-?_9
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
