-----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,
 PhjKK/zlmM8YJPIhJw/ZlEmu87YrogOZFfFGqyzvuGSCWyTPj2hNRu5ZJMp2cgje
 dgirEtHKxrq7vhSaDSwNLg==

<SEC-DOCUMENT>0000950150-03-001340.txt : 20031113
<SEC-HEADER>0000950150-03-001340.hdr.sgml : 20031113
<ACCEPTANCE-DATETIME>20031113143049
ACCESSION NUMBER:		0000950150-03-001340
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20031107
ITEM INFORMATION:		
FILED AS OF DATE:		20031113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			TRIO TECH INTERNATIONAL
		CENTRAL INDEX KEY:			0000732026
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				952086631
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			0625

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-14523
		FILM NUMBER:		03997405

	BUSINESS ADDRESS:	
		STREET 1:		14731 CALIFA STREET
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91411
		BUSINESS PHONE:		818-787-7000

	MAIL ADDRESS:	
		STREET 1:		14731 CALIFA STREET
		CITY:			VAN NUYS
		STATE:			CA
		ZIP:			91411
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a94584e8vk.htm
<DESCRIPTION>FORM 8-K FOR THE PERIOD ENDED 11/7/2003
<TEXT>
<HTML>
<HEAD>
<TITLE>Trio-Tech International</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<P align="center"><FONT size="4"><B>SECURITIES AND EXCHANGE COMMISSION</B></FONT>

<DIV align="center"><FONT size="3"><B>Washington, D.C. 20549</B>
</FONT></DIV>

<P align="center"><HR size="1" noshade width="25%" align="left">
<P align="center"><FONT size="5"><B>FORM 8-K</B></FONT>




<P align="center"><FONT size="2"><B>CURRENT REPORT PURSUANT<BR>
TO SECTION 13 OR 15(d) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</FONT>


<P align="center"><FONT size="2"><B>Date of Report (Date of earliest event reported): November&nbsp;7, 2003</B>
</FONT>


<P align="center"><HR size="1" noshade width="25%" align="left">

<P align="center"><FONT size="6"><B>TRIO-TECH INTERNATIONAL</B></FONT>

<DIV align="center"><FONT size="2"><B>(Exact Name of Registrant as Specified in its Charter)</B>
</FONT>
</DIV>


<P align="center"><FONT size="2"><B>California<BR>
(State or Other Jurisdiction of Incorporation)</B>
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="bottom"><FONT size="2"><B>1-14523</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom"><FONT size="2">
<B>95-2086631</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="bottom"><FONT size="2"><B>(Commission File Number)</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom"><FONT size="2">
<B>(IRS Employer Identification No.)</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="bottom"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="bottom"><FONT size="2"><B>14731 Califa Street</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="bottom"><FONT size="2"><B>Van Nuys, California</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom"><FONT size="2">
<B>91411</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD align="center" valign="bottom"><FONT size="2"><B>(Address of Principal Executive Offices)</B></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="bottom"><FONT size="2">
<B>(Zip Code)</B></FONT></TD>
</TR>
</TABLE>
</DIV>


<P align="center"><FONT size="2"><B>(818)&nbsp;787-7000<BR>
(Registrant&#146;s Telephone Number, Including Area Code)</B>
</FONT>


<P align="center"><FONT size="2"><B>(Former Name or Former Address, if Changed Since Last Report.)</B>
</FONT>



<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>




<P align="left"><FONT size="2">Item&nbsp;12. Results of Operations and Financial Conditions
</FONT>

<P align="left"><FONT size="2">The information in this Current Report is being furnished and shall not be
deemed &#147;filed&#148; for the purposes of Section&nbsp;18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that Section. The information
in this Current Report shall not be incorporated by reference into any
registration statement or other document filed with the Commission.
</FONT>

<P align="left"><FONT size="2">On November&nbsp;7, 2003, Trio-Tech International issued a press release announcing
its financial results for the first quarter ended September&nbsp;30, 2003. A copy of
the press release is attached as Exhibit&nbsp;99.1 and is incorporated by reference
into this Item&nbsp;12.
</FONT>


<P align="center"><FONT size="2"><B>SIGNATURES</B>
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="90%">
<TR valign="bottom">
    <TD width="38%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="49%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD valign="top" align="center"><FONT size="2">TRIO -TECH INTERNATIONAL (Registrant)<BR></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">/s/ DALE C. CHEESMAN<BR></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">Dale C. Cheesman,<BR></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">Corporate Secretary/Controller<br></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Date: November&nbsp;11, 2003</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="center" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>



<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P align="left"><FONT size="2">EXHIBIT INDEX
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="55%">
<TR valign="bottom">
    <TD width="25%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="70%">&nbsp;</TD>
</TR>
<TR  valign="bottom">
    <TD nowrap align="left"><FONT size="1"><B>Exhibit Number</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
</TR>
<TR  valign="bottom">
    <TD nowrap align="left"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">99.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Press release</FONT></TD>
</TR>
</TABLE>
</DIV>



<P align="center"><FONT size="2">&nbsp;
</FONT>

</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>a94584exv99w1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
<TITLE>exv99w1</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="10%">&nbsp;</TD>
    <TD width="40%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2"><IMG src="a94584a9458400.gif" alt="(TRIO TECH LOGO)"></FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
LOS ANGELES<BR>
SINGAPORE<BR>
DUBLIN<BR>
PENANG<BR>
KUALA LUMPUR<BR>
BANGKOK<br></FONT></TD>
</TR>
</TABLE>
</DIV>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
    <TD width="6%">&nbsp;</TD>
    <TD width="22%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
<B>Company Contact:</B>
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">I<B>nvestor Contact:</B></FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Dale Cheesman
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">Berkman Associates</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Corporate Secretary
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">(310) 277-5162</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">FOR IMMEDIATE RELEASE</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
(818) 787-7000
</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">info@BerkmanAssociates.com</FONT></TD>
</TR>
</TABLE>
</DIV>


<P align="center"><FONT size="2"><B>Trio-Tech Reports Fiscal 2004 First Quarter Results</B>
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Van Nuys, CA, </B>&#151; November&nbsp;7, 2003 &#151; <B>Trio-Tech International
(AMEX:TRT) </B>today announced financial results for the first quarter of
fiscal 2004.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the three months ended September&nbsp;30, 2003, total revenue
declined to $3,850,000 from $5,915,000 in the same fiscal quarter last
year, primarily due to lower revenue in the company&#146;s manufacturing and
distribution segments. The net loss for this year&#146;s first quarter was
$265,000, or $0.09 per share. This compares to net income of $56,000,
or $0.02 per share, for the same quarter last year.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net cash provided by operating activities was $434,000 for the
first quarter of fiscal 2004 compared to $918,000 in the first quarter
of fiscal 2003.
</FONT>


<P align="left"><FONT size="2"><B>Operations Review and Outlook</B>
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net sales for Trio-Tech&#146;s testing services segment decreased to
$2,284,000 for the fiscal 2004 first quarter from $2,564,000 in the
same quarter of fiscal 2003, and operating income was $82,000 versus
$287,000 a year earlier. Manufacturing segment revenue declined to
$906,000 for the first quarter from $1,745,000 in the first quarter
last year. The first quarter operating loss in the manufacturing
segment was $281,000 compared to an operating loss of $130,000 in the
same quarter a year earlier. Distribution segment revenue decreased to
$660,000 for the first quarter of fiscal 2004 from $1,606,000 in the
first quarter last year. The distribution segment reported a first
quarter operating loss of $38,000 compared to an operating loss of
$17,000 for the first quarter of fiscal 2003.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Testing services backlog increased to $4,051,000 at September&nbsp;30,
2003 from $3,652,000 at September&nbsp;30, 2002. Backlog in the
manufacturing segment also recently increased.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;President and Chief Executive Officer S.W. Yong said that the 80%
expansion of Trio-Tech&#146;s semiconductor testing facility in Bangkok is
expected to be completed this month to meet increased demand in this
market. He noted that the Company is now beginning to receive
manufacturing orders from mainland China.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Once the relocation of the manufacturing operations of the
Universal Systems wet bench subsidiary from San Jose to Singapore is
completed, we expect to achieve significant reductions in production
</FONT>

<P align="center"><FONT size="2">14731 Califa Street, Van Nuys, CA
91411, USA&nbsp;&nbsp;&#149;&nbsp;&nbsp;TEL: (818) 787-7000&nbsp;&nbsp;&#149;&nbsp;&nbsp;FAX (818) 789-9130
</FONT>



<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>



<P align="left"><FONT size="2"> expenses and to improve manufacturing efficiencies. Wet bench
equipment production is scheduled to commence in Singapore in the third
fiscal quarter,&#148; Yong said.
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;Although testing services revenue declined slightly in the first
quarter, this business produced an operating profit. Testing services
activity has continued to improve in recent weeks, and the
manufacturing segment&#146;s recent backlog gains should lead to improved
results as well,&#148; Yong said.
</FONT>


<P align="center"><FONT size="2"><I>(more)</I>
</FONT>



<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>




<P align="left"><FONT size="2"><B>Trio-Tech Reports Fiscal 2004 First Quarter Results</B><br>
November&nbsp;7, 2003<br>
Page Two
</FONT>


<P align="left"><FONT size="2"><B>About Trio-Tech</B>
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Founded in 1958, Trio-Tech International provides third-party
semiconductor testing and burn-in services primarily through its laboratories
in Southeast Asia. Headquartered in Van Nuys, California, the Company also
designs, manufactures and markets equipment and systems used in the testing and
production of semiconductors and distributes semiconductor processing and
testing equipment manufactured by others. For further information or to
request quotations for any of Trio-Tech&#146;s complete line of semiconductor test
equipment, please visit the Company&#146;s Web site at www.triotech.com.
</FONT>


<P align="left"><FONT size="2"><B>Forward-Looking Statements</B>
</FONT>


<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>This press release contains statements that are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
These statements are based on current expectations, estimates and projections
about the Company&#146;s business based, in part, on assumptions made by management.
These statements are not guarantees of future performance and involve risks,
uncertainties and assumptions that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed or forecasted
in such forward-looking statements due to numerous factors, including those
described above and the following: the effectiveness of the cost reduction
initiatives undertaken by the Company, changes in demand for the Company&#146;s
products, product mix, the timing of customer orders and deliveries, the impact
of competitive products and pricing, excess or shortage of production capacity,
and other risks discussed from time to time in the Company&#146;s Securities and
Exchange Commission filings and reports. In addition, such statements could be
affected by general industry and market conditions and growth rates, and
general domestic and international economic conditions. Such forward-looking
statements speak only as of the date on which they are made, and the Company
does not undertake any obligation to update any forward-looking statement to
reflect events or circumstances after the date of this release.</I>
</FONT>


<P align="center"><FONT size="2">(tables attached)
</FONT>


<P align="right"><FONT size="2">#3446
</FONT>



<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>




<P align="center"><FONT size="2"><B>TRIO-TECH INTERNATIONAL AND SUBSIDIARIES</B><BR>
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
</FONT>


<P align="center"><FONT size="2">(Unaudited, in thousands, except per share amounts)
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="75%">
<TR valign="bottom">
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="64%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
</TR>
<TR  valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="7"><FONT size="1"><B>Three Months Ended</B></FONT></TD>
</TR>
<TR  valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="7"><FONT size="1"><B>September 30,</B></FONT></TD>
</TR>
<TR  valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="7"><HR size="1" noshade></TD>
</TR>
<TR  valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2003</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2002</B></FONT></TD>
</TR>
<TR  valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">NET SALES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">3,850</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">5,915</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">COST OF SALES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2,925</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4,171</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">GROSS PROFIT</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">925</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,744</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">OPERATING EXPENSES:</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">General and administrative</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">983</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,283</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Selling</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">205</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">260</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Research and development</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">32</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">27</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Loss on disposal of property, plant and equipment</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">112</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Total</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,224</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,682</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">(LOSS)&nbsp;INCOME FROM OPERATIONS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(299</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">62</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">OTHER INCOME (EXPENSE)</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Interest expense</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(35</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(51</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Other income</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">138</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">115</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Total</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">103</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">64</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">(LOSS)&nbsp;INCOME BEFORE INCOME TAXES AND MINORITY INTEREST</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(196</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">126</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">INCOME TAXES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">15</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">68</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">(LOSS)&nbsp;INCOME BEFORE MINORITY INTEREST</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(211</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">58</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">MINORITY INTEREST</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(54</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(2</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">NET (LOSS)&nbsp;INCOME ATTRIBUTABLE TO COMMON SHARES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(265</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">56</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">OTHER COMPREHENSIVE INCOME (LOSS):</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Unrealized (loss)&nbsp;gain on investment</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(45</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">11</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Foreign currency translation adjustment</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">131</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(114</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">COMPREHENSIVE LOSS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">(179</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">(47</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">(LOSS)&nbsp;EARNINGS PER SHARE, Basic and Diluted</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">(0.09</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">0.02</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">WEIGHTED AVERAGE NUMBER OF COMMON AND POTENTIAL
COMMON SHARES OUTSTANDING, Basic and Diluted
</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2,928</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2,928</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>



<P align="center"><FONT size="2">&nbsp;
</FONT>

<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>


<P align="center"><FONT size="2"><B>TRIO-TECH INTERNATIONAL AND SUBSIDIARIES</B><BR>
CONDENSED CONSOLIDATED BALANCE SHEETS<BR>
(in thousands except share amounts)
</FONT>

<DIV align="center">
<TABLE cellspacing="0" border="0" cellpadding="0" width="85%">
<TR valign="bottom">
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="71%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
</TR>
<TR  valign="bottom">
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Sep. 30,</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Jun. 30,</B></FONT></TD>
</TR>
<TR  valign="bottom">
    <TD nowrap align="left" colspan="4"><FONT size="2"><B>ASSETS</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2003</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>2003</B></FONT></TD>
</TR>
<TR  valign="bottom">
    <TD nowrap align="left" colspan="4"><FONT size="1"><B>&nbsp;</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD colspan="3"><HR size="1" noshade></TD>
</TR>
<TR  valign="bottom">
    <TD nowrap align="left" colspan="4"><FONT size="1"><B>&nbsp;</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>(Unaudited)</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">CURRENT ASSETS:</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Cash</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">927</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">1,495</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Short term deposits</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4,591</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4,308</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Investments in marketable securities</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">485</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Trade accounts receivable, net</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3,108</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3,643</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Other receivables</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">376</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">373</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Inventories, net</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,056</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,049</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Prepaid expenses and other current assets</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">222</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">140</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="2"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Total current assets</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">10,283</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">11,493</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">PROPERTY, PLANT AND EQUIPMENT, Net</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5,532</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5,210</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">OTHER ASSETS, Net</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">8</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">8</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">TOTAL ASSETS</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">15,823</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">16,711</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2"><B>LIABILITIES AND SHAREHOLDERS&#146; EQUITY</B></FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">CURRENT LIABILITIES:</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Lines of credit</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">145</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">300</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Accounts payable</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,032</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">1,080</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Accrued expenses</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2,150</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2,096</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Income taxes payable</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">67</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">56</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Current portion of notes payable</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">312</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">632</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Current portion of capitalized leases</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">265</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">302</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Total current liabilities</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">3,971</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">4,466</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">NOTES PAYABLE, net of current portion</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">212</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">492</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">CAPITALIZED LEASES, net of current portion</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">345</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">344</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">DEFERRED INCOME TAXES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">722</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">711</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">TOTAL LIABILITIES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">5,250</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">6,013</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">COMMITMENTS AND CONTINGENCIES</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">MINORITY INTEREST</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2,162</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">2,108</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">SHAREHOLDERS&#146; EQUITY:</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Common stock; no par value, authorized, 15,000,000
shares; issued and outstanding 2,927,542 shares at
September&nbsp;30, 2003 and June&nbsp;30, 2003, respectively</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">9,423</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">9,423</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Additional paid-in capital</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">284</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">284</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Accumulated deficit</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(1,004</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(739</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
</TR>

<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Accumulated other comprehensive income-marketable securities</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">&#151;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">45</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom" bgcolor="#eeeeee">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Accumulated other comprehensive loss-foreign currency</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(292</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right"><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">(423</FONT></TD>
    <TD nowrap><FONT size="2">)</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom">
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">Total shareholders&#146; equity</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">8,411</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">8,590</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="1" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR valign="bottom" bgcolor="#eeeeee">
    <TD colspan="4"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">TOTAL LIABILITIES AND SHAREHOLDERS&#146; EQUITY</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">15,823</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="right"><FONT size="2">$</FONT></TD>
    <TD align="right"><FONT size="2">16,711</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
<TR>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD colspan="3"><DIV style="margin-left:10px; text-indent:-10px"><FONT size="2">&nbsp;</FONT></DIV></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD><HR size="4" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</DIV>




<P align="center"><FONT size="2">&nbsp;
</FONT>


</BODY>
</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>a94584a9458400.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 a94584a9458400.gif
M1TE&.#EAO0%N`/<``````(````"``("`````@(``@`"`@,#`P,#<P*;*\`0$
M!`@("`P,#!$1$186%AP<'"(B(BDI*55554U-34)"0CDY.?]\@/]04-8`D\SL
M_^_6QN?GUJVID#,``&8``)D``,P````S`#,S`&8S`)DS`,PS`/\S``!F`#-F
M`&9F`)EF`,QF`/]F``"9`#.9`&:9`)F9`,R9`/^9``#,`#/,`&;,`)G,`,S,
M`/_,`&;_`)G_`,S_````,S,`,V8`,YD`,\P`,_\`,P`S,S,S,V8S,YDS,\PS
M,_\S,P!F,S-F,V9F,YEF,\QF,_]F,P"9,S.9,V:9,YF9,\R9,_^9,P#,,S/,
M,V;,,YG,,\S,,__,,S/_,V;_,YG_,\S_,___,P``9C,`9F8`9ID`9LP`9O\`
M9@`S9C,S9F8S9IDS9LPS9O\S9@!F9C-F9F9F9IEF9LQF9@"99C.99F:99IF9
M9LR99O^99@#,9C/,9IG,9LS,9O_,9@#_9C/_9IG_9LS_9O\`S,P`_P"9F9DS
MF9D`F<P`F0``F3,SF68`F<PSF?\`F0!FF3-FF68SF9EFF<QFF?\SF3.9F6:9
MF9F9F<R9F?^9F0#,F3/,F6;,9IG,F<S,F?_,F0#_F3/_F6;,F9G_F<S_F?__
MF0``S#,`F68`S)D`S,P`S``SF3,SS&8SS)DSS,PSS/\SS`!FS#-FS&9FF9EF
MS,QFS/]FF0"9S#.9S&:9S)F9S,R9S/^9S`#,S#/,S&;,S)G,S,S,S/_,S`#_
MS#/_S&;_F9G_S,S_S/__S#,`S&8`_YD`_P`SS#,S_V8S_YDS_\PS__\S_P!F
M_S-F_V9FS)EF_\QF__]FS`"9_S.9_V:9_YF9_\R9__^9_P#,_S/,_V;,_YG,
M_\S,___,_S/__V;_S)G__\S___]F9F;_9O__9F9F__]F_V;__Z4`(5]?7W=W
M=X:&AI:6ELO+R[*RLM?7U]W=W>/CX^KJZO'Q\?CX^/_[\*"@I("`@/\```#_
M`/__````__\`_P#______RP`````O0%N```(_@#_"1Q(L*#!@P@3*EQ8D%Z]
M@_4<$JSW\"'#BQ@S:MS(L:/'CR!#BAQ)LJ3)DR@]4AQ8L>5#>O]@_JLW3Z#,
ME#ASZMS)LZ?/GT"#FH1)#Z9%BBLM#JRI5*C3IU"C2IU*M2K+@A$KWJ1H%*O5
MKV##BAU+%NA1FT;G::T)LV;,F67CRIU+MZ[=@N[,N'+W]M\\HS?O"AY,N+!A
MCD@%PG-EQDR;6C'AQ8P(][#ERY@SSZ4X[YXK7@=<N8)'F6U?S:A3JUZ=4Z*\
M>_@.1*SEJEU1FC7E^6W*NK?OW\`KQBQ*NU91>O-"U^)5=)[;KL"C2Y\N6*+%
MOT7_N7/%CCE-XFU<_AV7Y[`M;^KHTZNO6KXHO'OWU")W/F^Q!.;SY/VE3'2]
M__\`XF2=0!7Q4DL[\-CSUU_PR"./@>)AQ]9#:@5HX848+G3>9!*R8T8M](68
M'W(2U"*;@Q3:E.&*++8XT3_VO.?*`?K-%X\\\<#CSHT)5-#&!G[)=]Q*+A9I
MI'KEV;..&>\<EY]:\\1S(SSQT,,./K8A1YI\DQWIY9>LR?<0.Z[40MZ3R/%2
MHY2\..>.!.N<R99$8-9I)V%<^C50:`=(N"".-TKI8([TM$/!/?-->-2&=S;J
MZ%.)O2730\J1ERB.@SK88*#SN..9;+=E91VCCY9J:DGGU<343)3Q$AYS_D7I
MA^F@-^*HIH/.<=<G<L,1I12IIP8K+$-(G2?3L?_(TTX[[C3GH'[YX4C?C5'"
MTR`]O+BBSCL+BNI01?9`-^RXY"I$TXO\P11/+?C$$U&TSLGZ9)3T0)OCD[2U
M`>MQ]A#)$K#E!BRPGM_1(X$9H$*K,+4C(D>>/9S&4Y\K][1Y+&`#9SRP19,2
M6.$_[4C0SE\2APAMB,W%ZIY?5=(V6D2WW:;QS,(2R5MV,L6S3K/OUEOK@@XC
M-U_*48XX#V,@"KU2S#0W73/'>M;"3I/UQELRO,[%_.Z"),L##SWOB"9;UG0Z
M;7:=65'V%K@PU:*.*RB??/5QQ^FI:LKV=D/F_@$2MY?5V8`7Z:^*%%GZ3R2&
MB%<OKB8#S?2DN25+#[7R;-=.E61+E%W@G+=X$ST*TM.-@6]/_JR4\6:-G5%_
MRX0=M%1F6TL"CDNH=N>XIX?S0-_V=[0A\C@6908X-HAKRFF_A+/R3^98R_.U
MW`-/??*$^]=IN6=/W>8P5J26+640D(!HM$?I-<I"=WGS<##[S,[SC+$SO9S\
M:6__;S`W19F"[:S32AD)H`VWO+8IE`T'(<_QB\/L(8\RT4(T90J:T#1WOPJN
MQF;?B@DO]+)!6@3P'=UPA[6F1S;V:8AN4>J&*YY1IFX4!UHOB8E;+$C#U"!%
M)O((CSOD00LS=&,7_LOAA0@+2+?!-:0OSJF'9T2SB%J,3C2U$-3C:DC%R_S*
M)IXI2C<R8(8,J/``O+@5"??#E0W=;D*TH<4#:R'"6KS*@`1#&\!:-,>`_:U]
M,Z$'/!PC,:_)PQ`F*E,"PJ@F-)G0*]?9C5J0]@P3'<`=H&&';8IV+DE-I(X]
M$0ZZ6`672&'D/%?L"*DT.9%C+:TAGB060C;$O82<!2N_\M??5DF@RORKE"+!
MY+^6EDJS#,@@J8R4/-BACG;$)$>+*5.9'LF+0)$G?Y4DB"GS^!=VL.%`RW$'
M,\,&(J/1255BD64M;6F3L_"'2#.\2A[SM\XR2C..7/G62Y17+'6RZG.\_ED=
M<N)Y$)D!LYR\">A5`C,9EPB',J><)9T,NLN;M>5%TEQ:!CGBJW)"JDODC"7O
MBN(.=K1A>O72T3P2H!?:W.,`8$0=&5MID%&)KAW/:\<C'^F.FGHF/@Z:2>2.
M0E"KJ,V(G"30*:\BT-/4PQ[LBR'[7,<Q>J)%J,;J"C[+=D"NJ$@@:B%E0K26
ME!0M%"[]\551D)HVC,%,3ZQ+S/62:LN)KDU%[<GCI*@:T8L`U2=$86E0X[F2
MQ6PK(E."9#=*&IZ94LE2BU)J4"?TCP/,[GDZ0BD8X7$`=NQL:--$:D_9P\F%
M<FRS=#+/I&+8U>Q`3;0%791`^J45>V[4DHHM_M9G-X<LWD&D,@]A+8&&U))^
M7=4\2TW*:/5$D`I55*ZR?"A5A0/.Y-F,G*Z];5>%XCKLP;)]8;L'8,\'QFXL
MPA4)2!P;>7%82V7P-NE$"V6>-[[E'.`=DH6D8]\W0059M2P/!:L[;R@JJZ;U
M6]<KCU6[BM".59*Y_*WG45:U6^*^M99EK9]&^-N]H$KJ._>=1[@2RY*Z:;97
MMB6K2\O3859-]ZQJ<^EN-TM+@U*8*J%=L-0.T)QH$?)Y[X-B3:E$G[J=]:IP
M)0[\V"A9R9*7-A(X@$#DD38AC?,K=XS6R>9!/%DEX&<9J`?F,I#$U?E)=4]Z
MYUKSBE&=LJXR9?OO_I3B0<AF]BVX0[VE_AH\P?G$TR$,6IUJ:;M6N1)NG/N<
MYZCRZ+%$Q:,;=9,4;7EJ88.D%ZNO%"Z+37*=IN!3HIU1!Z+TB!PV"Y$7".!%
M.^[1CF6"45K("=?G;`O7RKDB$JZ@A3:+O&.OA<85[K+;0'13%0Y#&FSLD.3S
M:!&)2*BQD<2&'JPC,>Q[/$]UT(OVLNX!W^E)Z49%#(P>':3-*F4;=/<DB@O)
MU!@S&")Q4#P`"9'W8]TXA-<;Y8]CH_T\=R3@``G(]R[PS8L`YDA00MP//-AH
M+1PQDX#1@L?H^IO4N4;)'>\H-0272=X:*8\HC.-,#,OV4_U.BSR$OJN`_O[)
MZ,;J)0$9,!VU<J1-7G@F@#*=;-^8)LT**46/]X"U(4XZTYJ",8Q5<E4[N@'R
M<[7.*EUYSM&&4.ZF-_W<AC!W&<PP]3(88NIFX,4_,K!!IPNA,1'@@=-%TXW=
M$'=![`A[8R##NW.NI!N-:$/3)^Z*142]W&72.E>8`E10UD.%3<=ZN05/]:AC
MG0=EF/IGB$-UK%=]\%\X_!!@14;AYJ<63L]\8Z)."T3[Y9GW.)@9Y*?G)<,3
MR/-H1W@2QPL\WA$G2I7H%3E3"T,L(@$VJD\86_Y>5\BC%L]0MYMK--&R(54W
MNIF'@6CSH5D;.8S6RI%HVF*X_)89QI*2N^8W_@_U<Q/^[HU1$[;N;@@/2@@Y
MF#<WWA'-9)H\)!Z,*7<MRKA/T(7+A?'_PHRZ$:^4T2/]C5$F6884$V(4O%9@
MWY(!KC!U4-<8#-A]AD=^X'=[?U%[W1=X@X=U0O`UY?$Q%!$:<\=&,B0ZF$=^
M`:@;--$.>,=DRG5FK^<Q'K)YH%)/DT82X6)=0=984%0;(T1`4L),D(0/891W
M0`<MH:)>"O06?R$)'_(\,X52/@=).>)"^#`^KH`;S0%=5'%S3)$U#N)%W1"&
M+@1U@C0ZO""&W1!]Q),`=I<X?7(O^2$H[G!UYI8X7`8T_Z!"#3A_(?(=6*4.
M6`=>SD$\IC-EW1`:_@Q8)AH&)>?T3E@U.>Z01K5@"_F6`-T00+0`==]5B??V
M/+`&7EYD@>*U16%8'ULD#_BG#H@683$1@^;&1@ZS(%6"(WI8;I'P-2FX>;3`
M,`^U*JOF,:YP=ZZP"T#C?N"F2QOA%I'&/6\"!H!4''IT6/#03-.(4N\3&B=%
M)1)S0`S1+_.`.-#SA/%%7M;B"B7R"HUA3$9C=KLT%3>15>51*WT4#^^@?F4B
M0FEX+[C2(".E#N>V?U32@\8CBE&'<D*C%N-3AQ_2,XGB#NT`?L]`='[$8YDR
M*Y'(".;61"FG7-@S5\/A-6+H-=3B0IM'=FD8A@G@#I>(:%26?K9W9?)X_CKU
M$G`=J"ZT87@S\G%_P7\X$A&'R!@\$!\+4H*&$)%D,R<"A6<TP1C_6#Y`HVHY
M81IHIA7J`D4LI$8M-(ULQF8Z0EG%46KJT`82H`YDV0;K<)9M8)9IN0[XH)::
MIH,QM0N@,8Z$1%DK])5OHP%9%@]QI%=1\3="XAQ2$GT#1WZS`QK3"!JC,T(_
MU(;@Y6FQTR#6,@\/9(_J%BM1$HQWUTWTP63SX))E0`NHJ'R#"2C/0D"T6'MU
MZ$00LQLNN%%T8VC0%T;/$'7G=IB?1E[50BU$"5YI.(TC-)@I%P^$.!\&0GZ*
MF!\\%BBQ4Q_(,3X2L`NUD@$/&76NT`U]A!T4_J(\ZE65=<@(?9(U>*2%0P$=
MH5(/V3(C]#`^B_!`M^=I_S99&X!Y96(&#O``#P`!#]``]_D`#O"?_\F?^0D!
M"O``ZT`/!\!LX0B%*%67[24[88@/$\"96=4^-4A=>14KFF(M1U:'370`N^!\
MLTE>A[@(YB9((@1]\3!$9U@+#S@:5I.0Y_8A43(E#A)>4;<(D9``J$E(?N1F
MAR4H"?`,=5@F4L)`%#1-$3%E!<=F-)6))SHC^_9I.P9]8WANB_!SY$6.0#>+
M7G,;\)"),_H,7#H](V1CE=,I-W(`%2,KO%";_UA`9V)T/<5K#42&4<0XR",@
MU35#WZ(L;2`).UD+_M]5>[60`0D`G&K23$)44NJ`G__IGP":GY+J``V`GY"*
M#_50"Q[T#+8@6>]04Y!D+;<&/[@71J6&*"!%8@RWA5@8+[9R8YKH2([T2%TY
MJ@=@HN(E1*(ZFSM"DK9G!JI8//(0&MT71=<F,3?YC]@I1*3Z(,A$C024F`-7
M=_^HDN<'3I=4-0D'2>2%4HCSCS-B"^\`7X@)A2U*AI8HJNK&-T`Z1BTYHWK1
M)],:D)+I9LJ7F!L0F8>FF8F3J-AIA&;7%2NQ($QI>[6@E352>3B13K\R.6Y$
M>@%9'+4W2")$(RP'&G?)"$,``1`0`15``14P!!$0`?@)`2-;`?KYGT,@_AZ1
ML`LJ%*I/6)<0LBP?0H]J$@],R"WU<H3<"&.Q"2@YLGNB^*'P5:Y3^FG32*C_
M6*OHRDR@X:+=MYC6,CY[:(9JT@U$"G7-$@\T,ED_UZ2$V68!Y*^T,'\+:TD0
M!F"#N2/.=["NT`BU4*XH!5\-&D97*E[:9+<_1ROS0XO^^B'1ATQ:&9#DF*SD
M-;2)*Z:)(Y=-6C)O`6\Z]2[^VD309VW7,TLH`4X8TPVEAB""*43S9H6'"DD/
MPJ'PP$VN\``48);M4*[L(`$1X``0H&GW(`GXP`X4H``1<)UE4ASPI4VC2B7%
M885A)'S])G<@I1]\!1;MX3"Q0[2;UT1SZVQ\_LNAZ=JTM*:TY!5`W'=[Y`5)
MN^"O@+1[1V:;_YJBT#=$A2NT@4)("2"F)\IUV"8FL>0L@#*7DN6OL3:WY4JW
M\A5&`82GM;!O[X52.O*;7`D/&4"01IJ8SHJ]AIN86TF.*<J_@Z1N/*8TIV5B
M=XJEV=1,4X:,(D$4;C0:DQ-8O!`VX/5=*LEFE<.A^&<&$7`/3OI(H6>R0V`;
MA>L.#\`#K[`+C?!`M/`.)F*N''H`[=!(D`4:PDNB;1`)4I)73L990K*/V"N*
MOTNW=JLCN^="CNFTZ`J9+NF&]P9)RWIN[<"KT\BXEGN\%SM9FT(M!4>S$**)
M,-FST=0[^%LMH@M)_G`J7M%#;?\+A(_$M(+\O[,&G!)#)427`.&J%QX$G#7%
MJ[?B3)Q"F".4+5#W#)`T1*@V)P0S01^,L+FYP8F&*KH66HVE0]7BQ3['&,%'
M"[LP2--8/'U"J#3,;(3\#I(@NP\0`>M`69)%#VOW/$3J2'1+I63B,KL06<*K
M38@J`=*CE#9#PBA170?9:9M<M-%3R.^`F.0XP-I;MT"XI9%HCTZ+?\?J?+I\
M;K2P>S55;3NFC9ALKT1KFVNG?-V@(`78%P<YD>&+4O[*Q/!Q4N;:<\?9M/[+
MH))97OW:@!Y4R;8J?/\V*%_#)@VROD($M_?&3(*R'U)91O.@AR`LO`4W_B*$
MABI$TAYN(4G>5J.)J4WP`\;]1JV?E@!O4R;_6Z[M,`'Z^0#Z<L#P!5-KA#1S
M>\"3Y3+%(;I%%JH*=P\1(`F)LC4$=J&M06+S<3IAI,7/0\CQY6GB2\"%#$;>
MNBXN2G6S`W&2E<:&$`E&1I!$%E\-NI6X8B_O6XW`MX?$B;E)9%$]`ZO`^4AP
MVTCP0;=06\E>[;]VVV:$,CTFS7D9#(6CNB-RJG*GT\/A^J_WEKCKQI&Q"7C6
M.=?01WRW0Q+"L3OS(`$P&H=#*U\HQ=2TD*5>B[K]]KNU<;N2<`_LH+(?NP[O
M!<[I#'P\C=@"##UE`LUL&KPKK)+KH`[\.#E0_E(W?ND3@@8S5G-HO?G5]V#`
MPA<[EXBG2OW)Y#C#MWF(1^M8Y!MS1AS(3922?*NEQI,Z7OC00N3`(:2-*Q5R
M@>W:T^@.FPU%O6RNY)VWU'O8-"4M"O-[;?B**4G9L\EC]"(MG5DKB5G0CE3)
MF^)C038QL_I\QF-]J#T9OX0/>V$U/JB_(4J?)/4,.3)9-=4-DG"V]TAJL$$!
M^%D!Z\#;[+#;\/$\ZE`+"DIM/*>2M%&VV(FNPOMS,!QL*,-3@2%R.9$N0_,D
M74W`\/%\7!K>3=O3[Y6B8VB/'YW>;DT+P?U`9/A(Y<K6S#29/78I*AR)Z&L(
M*'4C^V*_O9(Y_];1_F382.^`T#3%I0N=R$9LMWY$,G]!OO<8W.@:I)AS?AF-
MT=/(OTZH3057-XR(A5)RL!_:H$V:RI1670*A#A_B,R,TTT]='.,[.Q!\R,JT
M'+=[#^LP!,%,`:X@H3["#J3F,J]`,7\.U@=2)J76KCYGMZ):C>N9..\P91=C
M5$$15D0CF%[=RRWG1UZ3`+N@J[]+EX?&AE]7E-WMO_L6B>3[LN\5R*P7W+6J
ML#VF3X+)H>G<?8.4N&%F<Q*US8-9F$WK;("NM)!$S@C+V/@F?(/8-XI^Q$5&
MCM%])DZB9=(-*)']#!^]8]B91%$^@@KHH0A?VMXFY1TA6D@U<.IMI/5A_MNX
M"J+DCG\4S:O%H4:Z+>L5X``1(`%F2>L5H&GJG0"Y:\3?#$:UITQK_-';"T9@
ME`&E:@O\]^;NY#%`(5JB0A_6LM@`K&[_MJ_P$%XGZK0U!42B$8!.V--VZ]:N
M4*YB?V_IS>1]$Y@NK9S]1I2W.5EM8MH1=6=98RTJR-"2@-C#B[>+[8262'1<
M9BT9T"`'#\`:CBE.$B2]\R>Q$^!J%(Y&7%.6>(:UG`"V8"+P(][!^^F@@]6(
M06)NLW^EQNI>@\YQK.8[.%Y$WWME`FNC!AL5T`!#\#9M0.L/,`&2\),*.,C_
M:R#/P&Q09,G;:^F?"47/L^PED\K+U1-Z=4.=_K;="/_=N,(CFB@::H25P1B`
M,'7(CJ74ZMU]8V_$BAZ)99VXEK(?@!'8@XG(;R]\1BA5SA\S/K,N?<[H;8ZZ
M>8MNHL'$T',/#P00\.!U<V7(H"%7M6J].]"0%[QX\N31FT>/WC]Z]?[5R\C1
MHL1XW9X=-+C(E2N3)U6J7/2,Y:)%)!<M9.B.%Z]X%3/^X]G3YT^@07MJI'A@
M9:UNM=2Y>G=3X$U>[FPV/%"K3*-:9B1-/>#.J*M=)R7=NX=O2`,*[/!)@.``
M`H5[#-D1K$7VW=T#M&HEJ)605]>_#;U&'<BK;\*^")O.TWF19SW(CX5.IES9
M9V2./"G*RU#KX,P#_@P/_(THCS$\>0E(&C33FC7"9[9",J0MNFOB@TS?X3:(
M&._HASDI8KS(T2-%BO`,KV[8%&(\BIDC_V-L<2/R>?`\]U;XVYU`B`.3KC9C
MJ'7Y,JW3FZDU+T/!@\]JA:;Z$*+%XIDOSJ..L;H\7D8BZ;S7"C1OP/(,B0FA
M6G;!RS[H^K-LPJ&(^R>K>_B+)`)7^#JI'9N@`@\>KZHZ*2Q7W.D&,!/[:J.=
MN-@YBX(#VJ$`@@<>H*"=DQ22CR:&3M(KH6X"HZHA$G-*8!U#GO'0C$A.N@<U
MQBJR9Z>-*-1R2\>NPV^>[1A<:)?1#LB.'NCBB4<UD@HJK[R9NNE&'MMH_A/L
M-O@,TFLW5Q)4,+0'HYIGHGGLT6@CHNBY<K.0PC3HSH=TXB^SGR#CJ*)!P_S1
MMH?DB2>\\7)+::5GS%")EPP(\K-#0*7"B5#\,/*I.(PX\A2>@F!2D%1::(E$
MKUYKZ76EDV0"<C0J,^IRR\D.M><?>`R9H)MZYEE3G?8(:J,6J#Z%!SA7$SCI
MO87H8PB?`^YQI9VQUHE@`0EXN8<"!R)XZYWR^F*GKKC210RAJ+IR2"J!#EBS
MS[UH,6F@=]IPQ6#3(+-(XBQI9?;B2K&T*-/<N@L-PBKID:>6!1/BZZ!\B[S3
M'=%8!HPW0]BY2Y(^#U*'S'YY><?3Z+"L];'C_CYUU!#:X-D%GBH9,PYHS92M
M,JO>:,$K1-0D`L^S\DS>9;X$>$F@&_?J@2<#:_-L\J[YNA)H(HNN//2RG2@:
ME*#X%+*EP0.^[N;3#-0$N^^!X!&W8YJ`XUE"C.'>#U%7V+'('6N[$==4KWN\
MZ3O[ROS6%5I44^<`$M_999UU%&*'+'4BJ'<=?-3)L0)UZ)$@(3-@/'TA?!3B
M,6VICBQ8U0X3,'6O;J1RAYU&WD%-N.'>7C9QZ!'=>)X#6$O(H:;,-*W*#`87
MLQ8!2]J+JMX%NVDTF*6^IQU&VDRWW(=XL:>ZH"SMZ&D_#5DH[9QRNJY6974)
M/_303H*>00NOU`0G_H.R6JB^UQVI`.A3\<B`BFJVJ\*%2"+6L5B%)(,INAGD
M1S2Q15<0(`]W?"H[\7B(3227IYF4"UG,>];%#M6S1*'I':ZH#D4RUY=G'$`D
M^K,/:A[2E7L8Q@P)8$>*;,.C\PQA"#AZ`!5SA*,A3"`"2TD+C,C2E\/4HD0?
M&TT\0-<-?!")9(BY7`IY(0$SF$DX-^S)19X7/1M"AF/B<Q!#",.8B:A)-5E3
MB$+,EA"7-6=@P(&9S-Y!L]4<RR8;+`ZM.M(TB@@MDKQC(40JLK2.=,0X@YH'
M+0Q("T#]A1>>8LRGDE(RA9"E7VK+CCRJ=LBTA>8[2)M8E^;Q-ED1A3'=_HA$
MW=X1E[MP2CD/T<!-S-B0"U[O+EZI6G2`N26))8H_].C3/:B#&O!PI2!(,0I2
MBM2IOXBN+V9("E,.L`XS#*%>0K@BCB!`1;=4T0$\$(*]("`!T8RS+^TXDFU<
MF)5%R*E4'8J*.V8)CQVV(UFB_.4=\8@QB>V10;^!T/8&E0!8%A(WK5F$(D,C
M#]`19G-MDB5*"$>?Y\3*9T#)R#`=U:&%%"\!V\L`!Q5UG(R*+!Z:DMI\5,F+
M0:EI(&&:R3WJDDS0L3`BJU15QV"Z-DP]QJ(!_`@Q.R9+9+[#*YA;IG+*1++/
M>`PX$0DE1H%9+?^8`1\BJ\<$O_6MAAC22>NL_D7?CFJ;VM4"CE)LP`)X<)[9
MF>%UZVC#!.HU@3Y%8`A"X($#*C`!,Z@C=]<#E,"0E(#=G8Q(HQFC:/ZRKY!=
M2E87A=[;+C6RM(JF*>ZPY:`V,T@QC458`^*60T%'-6]Y3X3'=&J>'B:)J0DD
M5D")C'4N-;GX\"42,4$)2U2"E%]>IZ*`-*4(46G:3DG$4Z_D3BW&DLS>"60>
MF,-EN6Q23<0U"S\A*69Y92G;OQ0,(J`3V#L6)*8'T78BADJ<I2S$GWF@*P/U
ML.6MCG@D=X0QPNM*`$1LXI5=$"0"$Q#"`A@`@:6X(L0GF4`#'B"!>["CQ!#8
M5T)>888V4*`!/$!+_FL2\AM=>JTO<>I3)+CUK=K81B"UP(=$1?9+2EF4M98A
M2D9ARQTR.<1,\)!;1-@T/'XY-3%9^QI5E*.F"<(L$L1=9V_X4I^(Z&0ZDIF5
MQ'@!'QLKQ!#I01F=R_`%5\Q)61JI5G*@UJ3O"BQ2I5DJX?@%7HC8Y\T+,@-H
M3*M>95EF/YFD!>'LLAO:Y)>L1^)-#-/FS(E0K+7ZX06/,C*1%&:'1.?C=(\\
MQ)1S2J46\5!'AR/P@`BTX1ZOCE*?(!`!">"C#:J+0,(,J2X)4*`"OWZ`KH^I
MR`GW:,=(>69G.6H\=;5G@#^[YI*QN1FFSJ=H*>2EM=9TH!N3I1WO.)EK_CCG
M#C+M,B(0$2Y"9`D^DN02=/?)+I,Y4KW7%'(1"<K?>1I1[@!B:J@)NMZG@Y-4
M.84),?>-MQO5!+JAH=)\GFR>4)KKD7EXE3OWA3#FG#*5P,#P6#>1R#;=JAFB
MR,,5$CA`73W:R9./42I",M&VE`?D>,BX7A)82B&E+8%;;W$=$G"``X:0L)-$
MJ2\20#J.)+#N9(JU+]AJIR'NX0T2=46L=EK97VK!C@-\J9?>9M:A0#XRAHO[
M8\\95#WV!E+N$/>+O&ET`ASR*EL*#I=[9[03@>-)!&>ICEBJQY62XJ=%V,*I
M/%+),USBDI,HCVW3TTD\*NU=^@`FS;<B[_?"_IK25=*6MGR_GJN2%5_F!G-N
MX9OX,0/EE!$I1RIX%Q]-0L3626EIIH]A3%_>@29J)<TI4"DMGCH$/+][+>CO
M>KI2VF'(F8BK+1%@'=-QE#N2S>1%\%S'$'(T`:S3)XQW<T4C>*$RE@$9JO7)
M'(]HVQ@ELYW)&WLR@`>30K8""3;9*+"*BY'2'[]3M=)`J4,"*WP3'YC:FXIR
M+:;AH'D0+I,@D[OXB_<2KTOY$C7[$KB+FN90I>69MY/I/;M(F[4Y0>7(%?.X
M,8?@./Z@C&UZ+7CXO"99"&0*/>4`$%M2JF4R"M:8">]X%3MJ.]<ZM79@#YY!
MD_"`G&5RBB,AHQYI_J>'20!W2(`)J*('J)<A6`=)\!$Q<H6VJ`#28;HJ6@KA
M48=>40<I>@`3>P!UB`L#5(EV8H\B22"JF)K_VR5>.@`XTAZ06RW]TQ);Z8RT
ML@6.`HD-J!;)L:H"+"ZSH87B@0BKJ1R2T(M[T*U2@1-W,ARE2<++0!2,Z#J#
MV!=`0:^44@Y/\A2/&J`C^S/.2:4R*HU/60X5[$'<JYKXR8O<X*SPVC-#-,4;
M`B':BR7O6#73J)KGB`>O@+-T\R.<B)#A\SB/F`Z)>;S6J(7"N"OP<"82*9_F
MF#!3H8=N,`\0:0IUH(!;RY$&F!V1<H4(:(`*8`=VD``&L)<A4(=7.`DT_JJ`
M+[PG'7'`/FF'!%BHO3`2VP@]E(,*R>$+=3"5G*@(XJ`4HCC$YYF.C5FX\J*/
MJ-B@*DD-6-H-!]0RWNJ&M?$6(ORJ%;P@!,ROG,BF+DFR4PL34TF`N^C!ABPB
M@0"S'L(/T]`4M7)%D!@OB5/&FD@AC\J.FW`@@^`6M5&3B4DRR;".7U*X9)P_
MUZ,R*FLY!Q,NWV"('X2.-:N,H.(SBW@S<YH</51)G`B/(H**(]&Q/LDSE"@I
M0+&1"G"`+W2`\W"%-NA+"F@*?)C#+.I"(2!(.80`?$BQO6.$X$&)SH&__G*H
ML3JJ]TL5K!F>O2&4B9">:URR:^HE/>H_1R,C_E8ZC34)J7NSPZWY+X00(@@Y
M&))PI!7<,OV1DY0*F6!B/,UPASZQL7L(C:>RDQ)QIB)2H0%*&J*42E7*"59J
M%$OC1=2`0J$2'.CB#MP+3<=8FHJ2%3OR(>,Z%L"P#WN`#FNQEB_#E;3JK.\P
M#5*4-+6TE'B@F:SQ,;X`'YA`BO``)ZB("H;,JRO<!3&IBEJP$1P1@L4<`@HP
MOQP9`@GH2PB])P9X`!YX'0IH`WR\/BC:JY.PA2U<F9H0JZX($3EY$I/8BU>3
M*-MB#,4[1+3LR'"3.U`3+T$**;3).K2))(,!#]L\B#$#J]VX*2%:C.JX(3[+
M1GI(2OK@`+0QEQ`1_A%,3#.Y`20P.:6J^+MG1$ITBR6:$)35)!3E*+VHU,*U
MV3;C6!Q%Z2%`VDKDK$9,F1Z12;3RG)IJ))3X<KL["J"-.("EB+ABD8\$2`!:
M*(B$"(G@""?2*D<$/8E"-0]N.:8P2ITAJ$>_K*+":@![PM"WZ,83:8=U2(B[
MW(OI"B+R21==XA2<V,_JDH^\X4^$*#HLK2C'J,$ER[]:J1:/5)#"$3W3`,T!
ME":\X%%Q,:X\\Q:C,9LA)2ZT<2DSJR!HQ`]1LQ_#&,[LZRRRZ*R&"M!7^12V
M21IK^;,#*D>G@$57TD'$.,Z_R`X&LQ6!L(DGR1J]V)MD@5$`D@Z=J8Z0_BM/
M&1J,BMP8BIB?Y'BSN"L<EI.'C<!5-J,IC;#(?R@UI$"3-=D:E=`+NQP>SMB;
MD[L37:H1E*B%>A`Q;-$+ST@(\VB-*7J`?FPLOX0`,Y"`E-V+9WB%PZ"\'W$)
MCV&(XI0MJ2@2[7`IDY&<'3.)?9D/XZ.MNHJTN"'-AF6\+TE*.SG7ZJ`@WAO+
MK!.87?NSJ-S#:R6)5W#6G321X=Q!I5+/Y7HN-QF>FX"J62J3%NJDM6FY3_H2
MC\2R:7*F-"M3J%G10O(CR%$S];R<1WV3)DD`H(0K+%%8GC"*(8`<JPD?6*V)
M?:M(\82K9GRSV)JFN:TIM!P*.\J.=FB'C2&;_J?P$3;XD$)JHA5-`+\*F"K4
M.DA]CZ(3EI"]R[60PR'8ES;@U`TME@XA%A&+DZQ(B#[J+*K(L)L0ED4HNJ,Q
M)$0U6=#Y&B9B"K3-#%QUNVZSH5F!.32!+1OSN^(D+35)*O>HGCA;Q8;LPT4P
MA3=QA??[#M9SUJJX"S)9)W>CEKZQ#LD0SH%KC2#20CMI2%=9OB`$5_G$#G`[
MI?$]/!Q5#JS9E<8)EEZ)A&=H!W:(DDS$JZIXAO_R"VHM1GI(L93E!0+ZE#R1
M#P=!DE52SV#JCXUQ3^YPR&KB#\:EC/S@B:%"NSH=%'ACH:@XC-0UV12[V.(D
MW#[$"[XJU)3H'%=P_@FC[4*6/9TV6(`M&MY%V!=3L2ZDE3:Q+5;#`)^CV!I#
MDF!N"8RQ.@!)4(=U0+A_D`>,5$L\4M*AN)1!.8#`'$/Z*U^YR8#J20_.@I2"
MXH5=B(GS6(@M))DW,97?X-$#N!M:*)4O,(,?*:&`J0M%;C2_*)*&-*W*?0Y8
MI-N@W`]K:82#11+0@<5!$9RLR)_<0!DSF.0O<%UO,9*J,.2/_,&\D@1)-I5[
M.&!5*0_Y,"B.0YS038[A')Y6^4G_8=@Z-L7%JP>C8(?^\93X&:.G++.'28K#
M6%?@2-[=L(6PT$.$(M65B+'7:1QU,#$V;H-U4`<HQCS$,%0SF`LU[HZ>_N5!
M89G()S8G_#V)PX//Y!1524!'N;D._6"[&^HE_FME1LZE2:(DI\P5=V)5:A(8
M#QDX=9`$28C50[VN/B0?$U41X42)P&2)E.6.KAG'*JR/'UPEJZ'*4:ZIFH*[
M])A<_JHFI,F.>UB-`T$9!%$A\*"*0@V_.2.0]CN,6(:3N<@`(/24LJUD%BZW
M.OH9TS#8./-#I(&.X?"X2Y(.=V`7$PXD"^,*V\BP/!R>HLY+5Y"$$DJ;*'W`
MHHY!E1"VOH2`"5"'=FR`"*"`4768-I"/1EN$5T@`6X#4!!W#N"XD!5F$RM3)
MX2225$%B<S%1G,@V-(%1E[.0[<W5B@`0DYU4_L$H2P:C6\[HF[&ZL%URBI:1
MD[T9.X>0'".1(7`N1]=>IR%HC8F4S(3(2B"V93$JD2]+L_+%%..6E&IA,#!Q
MA?:10;$RROX9"`05%NI6"%JXOM"^AU?(B:>X,*(F6I<Z#_&>G7WIAHZ03P@&
MZ:6,E*RRD(JA",I;A#%;YAI^*__0#$2Q%'F0A':`X^0PH@=KBMV`L/>KA48P
M#\=>ZU(5-[11"'<P):3H"U]Q!=)I`WF"G6%CM@E@+,9:BBBIU[N\;B_:._R-
M$_".,]>VY>8(,B^#AW88`M*]B'@0SY_P4RZIG\:H%D\)";\3.R19'I$4&5L:
M(W!AYKC4&6N+W21N_FF<<)4R(:U(V1B:3*JG4*7Z4!L`R6S;:DXDHQ@Z;:4Y
M@6W1*^Y;X6`R'O`MQ(EN<.I,`J??;FG!<>UO*9YN6%A;"<*DJN6":9DOLQ;/
M_<V1!(GBJ<M.L<C._B3CX`AX8"QWX-7R#2>HJ!,"'XAV,X1Z3<BC3H`^PN1U
MBJ%UP8=U4`L*V$?&BH!W]&MW+K)110S.V<\$7=?(WBEZL(61*(,F$:)]^Q85
M+U:R8^UVD`!X4*WQI$",<N^E$2;QZM;^0JK[JT@&^FW8M0\`B<L0*4>H*M8D
M-A[!P!Q')9]=4C4J<3#F`XP+L[!@ET[^HU.Y"2HA'VJ3^KWU7&6S"BM,_H,?
MU&MA5YQ"(M]V::<RZ``/4@*S<#P?96)OY]*J^0H\<E0;4.YJH2"PU>*1F@OX
M%1H1N+WR5$71Y9CDA,@(X3FL()K'1AM=?&0'#*:`!0C#U!E("2`=TFFB'BD5
MD=*=\X@$$P:3_[7T2XR^L"LH]357LA*(/OD';SBRN-%5"NFV^N35?(<VW9.>
MD71%XXE/%MH@(&81),\TC_5V@CF?6A90XP''1>W%(=3U$PW6(&Q.>U@4B5GW
M/A.JP$-C%EY-<\O%50R-T].<<&Q!5]'V@6DH@2@2L'F._W0P)Z]"FU`30MEL
M1+%A]AS'S$S3+G?8'*J'=R"=M..\V@+P@K'R_KH4:-C%C2>.2)-6B&/E$7PP
M^0XE^=;)D34$]2([._Z^+H48.`81U(&3-J/JBJ-!?.1MZ;`/+WE@XWLX#FCV
MMLC8ZG++Q;!;)LSA8VIM)>8?$5)*JJLVH^P1F'TWGFX!\BK7S-\#P"KO[D52
MJ9^TB)Z"C&=94U&R%$RIED%IH<QL1?%Z=A9:Q;#B'>#HE'.J1A8""'?N#A`4
M*)"7.U[PXL&#QTLA+X;QXBETZ'"@P8(1)\[[-Z]>/8__1M:C1T^>/(8/!SZ4
M*(]>29,C9_ZC5U.FO#9F:M6;YQ-E/)3S%J:,V!#B@8$$#_!*6G!@@@2UIKJJ
MZFHJ55>&S+AJY[7-_KIVDMJQ\\I.G8,'$(:HP[>.'5RQM>Z1-6/&T%6LM:H^
MTZNTEE*F[PJ^*[ST<-*##BG&FT?O'5=X]!P[!DGS,N;,)&V&_.>N':]W5=NY
MFSQQY4%>\N:U<W5`7FM7[/#)MOK,%;Y&5?'ADP1/WH&J;:P2+UZ5W3MW[[R2
MI66V=KM&S]KM95>KVX&I![IU@Y=T)4&%\AS>XS6OZ=1WN["^J]7>?>'!'V/Z
M/#^/.Z]N*1U/-CF/HCL-Q2?08>XD@!%3#>G''7X*)<12:@$VU4U^$_VV&G<+
MJ?00A1LMY)-'-HD4DDFFG?800N*M)H]EFL%$$EGOO#39:O.LF!)*.:KF_I!"
MB!&X5&`$254++;;5DATM4[5SSST43!`677&MD]8#%;R%#W-1SD5DDE@5=\]2
M\0TVV`%D$F1F0D`F5)%#XTT45#>UP*709""]J!F>-)4T$TC!'7#/7:XLX@J8
M1;W3U(?TJ#/!/?,85]56CW9%CU1<22HI0:ZH<ZDKM]'R#"U%&C*5(7A=E2!"
M`C7TFW?J9,47I\35PLM>;:@SZ#J2#N?*6X#=<^0]L;H"5G%93:4:@(HA!(\[
M]^#3S:.W<5I+`F7*V%])>]I4XF3_6:104$*91")FG?T3CVCN_--3?3;^U!B.
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M9C!M>X\ZC?:$HU#CO;2?C:['L\%"*'KG8&*(Y3M85HK3A;<$#SQ`@3JVJJ-.
M\`]$,(3QQ;<A00,2_AB\5^*N='DPDP:3:>:9/P>F6$*AARN43^'.$ZPDHX];
M$\LM9_9BS'^ZXLY]4@E:U3WN--:0HVW4\M-_AC*1LUQG(JV;R%06\8I:1,)R
MDHJ$;*C"B+S0(A+M"%6H]E*+!1;)#`EH#5,LIPZB345G\LA`/,A6"[,]XP!0
MTTMVL.*TO:`L)?20"'=$<P``UJ<GP8D$NMCQ([6EB5G@BAQQBJ05FS$E'@=@
M5CS<`;FM4"T!%$I*U1+`BZKM)4D2N!Q_2/<R.U$&*!SQG&-N<IF8U,,>[H"+
MZ.J3$O/MYX8GH4<&=#0>9O'(8]\+4WS^-)5=Z(8N2WJ'.B+P@+0XH`$._G``
M!(07R4D*+P(-8``%##:T!=X-;]A[V)C&=!A$/9$I:UH,4<)EP-CYA'[S^(QK
M^B,3F+3(?3,1D9W^X:>][)`B\DA`V^QR*GADP%%FV,[(]M<0=NQ$)?/269R8
MN0BN4),-9I"`.MBPB!%>TW][L<M=%E$JQ&W%+J5:!#HM1ZW\V$^<1"-(-S)P
M@+*985"4(XYYNC&45:F&EXSY3^NZ01:^X4,YRO%1QU"TJ=M<)P/0DH`$AG.L
MBDC1@W;1"T8S2I5:[&)3\IJ'/69)(OITJT8U*E%-7+0ND[$C/Q3JSL<2DJ%N
M2$0UW:&0A8Q2D9VB"$%-"8PM"F-(["&22@H3_IXDE?=(M:0E`@N0P,.&AI6A
M'JPP[M$=BDK)QZ/,2V3NJE.-:$>/W]R0':[Y*BU%9,MRT=)/P4I`R2H"'$T)
MDSM4+-_(5N4*1EU$0RHY@%GG8<4#?<>E\(`I1-2)M2,M]IMG6T\"^@6D_,"C
M%KH!)U;HV1?J_$JC>MD;SAH"NLHJ#5X?\HE#O!*G^?V,(-Y151.9DH`),I2R
MOS&9.O!"'::]P@S=`.=6I@E.X8(3N`F\',I$.E+3I>RD=8))1]2JI_/4XHN<
M:D0C%KA"6FAW2U/%RH$,@A&$J(UWH&S/K_"!G.6`J0U)12I\(^F`"%`I+0V8
M`)F^-I5?&0QO0CWO_I$((K1J%<2(_`27>"RDGST>)0&-J<6@]+D:;JTU,RMS
M*SZ>>!1$:<BQ=W%5CG+J$'Q,0!*@VU!$](:U:EDUAAA+3G!<PRS9HL>%<4K<
M5!*P"_P!+3P*XLXW#<&&KNV$<5:DD(0^UB%VM.$AXW'R0^8A&AF9$"@I<8=Z
MG<@.%^[K3P>B%N_T9I5UGI([0Q,F]2)G"`91*`$*.O!%L(*7(ZNF/C22(TJZ
MA4;^2)<F-NE(-Y9#'0?>4U+8Q.;Q;`51NTQ@`A2H@!DH<,T)7),"$JB`!"B`
MCX>!LA'(0_2G,SV!0X\ZTZ9>1X"'=4U0'P]YR&N#K;XFG*_EJM"7FL[D_B)@
MAG:@;,]]=A]G:O*1X/QK'4P!5^,"-)EN!/.8&WGR4<ZRY12Q2C]RHB:CBZMM
M-,LIPUMT$(*X_$VHBJ8-[7B*4M@TD:NY0@+?G%6JPGWL\'S&V#NER'_H(:<#
M@"YV*/$.7.*T[8&;LYQC;@I//\:+7:P#G!%(@!G4H<5CH^9!#G)(7\AFJ:[@
M9C1E:01U<`.:E'G.)/9(J4H#N$\-98A'--7/NAO3K1O6[DT+HM!"-HQP(+4G
M.]82T_;B\TF[+<F_?P+3G^)TCZ#N%SYF"GI[M.<>^,SE5W>3RU0\^:^MRZ5?
M(.?X.S[B7)E4>"3C\@]EOH61\^3TB?3@4+B,_J(2AV@8(@\I+'828`OEQ*<I
M+#Y2SV.(I@>5B582.\`N^&NM,Q7X8US-^2[BQ-@":2QW99+$@P)T&HK`XQZB
M=8B-5)F=AG"T])[%J`O_-9BC.*XB;NX.V0RQBXAVI\>C[.E`0!ZL;5.:X':Y
MQX3MA-)?DZ0C/00*XT!'T_))ICX&9-%J-O`2`X[/31*IW6(*DH!W".U/&6/\
MS^]V,(#Y5Y1@@C&USL0]VYLRJTZD"$^KG*-_6VA52#[L3]\&<Y&!A'2V-->X
ME`_HI(K"Y9QH.9%D'!:KT$OM[$B*.).##&!RA,8NJ$=A"(U`&`;A<8]![<+B
M+<7#`-[ML<IMO4D4_@&'%H6&[M#;4B2;AC$&N#R1?735;^S3B51<8(27D*Q3
M>'C,Q\"?YE%$`@!?"8V2*1'(W07&%FD'5M$8R)21?Y3$R:U+^]B$/<3$282>
MAH3.JLR1O)@&/-A#'*6$:(682OB,:-V==X2'*('?XL5'U3G,DH!25/W)"FY/
M$_+(JF@>LI`A^;0+93@?1S`8VZT*1\P<%:[5MFQ+#3W315";+[%*R<##!L@=
M@QE@R/#(>4#$17@@050@T`02T.#+9`T&1GR?811&NH5/FQ@@`8X2QZR?1MB.
MSC`+:G75?LS1:-5+^V$$2R!`1J2(]SA>"?)30T`(8OS42M3+FLA60[A9_O/E
M&3V$%,H(V\Q9H=GAR4C5@^BT(B9JB!^N4NBAC,B8D(T01>B9T9O8'<(-Q*'\
M$2#]%Y-XDO8$WA`Y!0<R8^NIACMTAYNDH[_!R^LXG[=$T=M%Q)J\7XUX3BV5
M773]1,[8CKI)(E$TA)M4Y-QMX;?DS$'(V]-I#)FD"4NL7_Z$DIJL";(MX!G2
M79CXB$'<70]RHA>.AQ::(>L\F41*2)(MXQ/M''D18,YQHD5(2$P6EL)]1V+T
M%*)$A,^TCHU<([>LS[:X2&5T2VB)#;B\B3HRQ'[X52ZN2.S<4&-P1,TYQ"YX
M!]V-%WGM#J=ESWGMPD&%9)H<&TINV+<4HIL`_@4KN<Y>YLA)S!%*U%WMY"4:
ME4A#MLQ'F$X`^4Q$$*-?W="_X8@JJ9)?>4N-2(2%("!3;*;:K&":I,AF$N"A
MJ.#&1$U%^EM1;.(Q5MYFHJ0PWAV*<*50C*$-N8L61B1%#:5%]"1LL81CIB11
M5`2_/9%2/&+"X1[%[=0_,H0=@654SD?[7$8:E0A0B`T_[='XR$MUTN0>[67Y
MW-G^Z(A*)&1,95Y@U"-Z'DIRO`-:*DN]L$ELEN6'J"1`B<S\T9^%Y&5+[">X
MP$[)$5^>+&(@>J$SS9%C2`996M^\S)\<U6``X4Q3=LA:<LQD)6'X.$Z29=]<
M.H6Z/9^5+<2QW<Y!_J`*,RXC@M69S.4;O/Q$%MKFO-A.@*A*C,:HA0(E*FVA
M`3F>XR2%'K+)A2@<4GR+W+E$=[8+&]T$V96+\)E43OFH5JJ&@98A8*K25YD4
MC63A@CK3MXS6AL5BF1R4T:P$*K6$=;*)SYS88%HD8_C5`4HI@^EG%#TB_\`+
M2I7=+9'13]RG;#[E:L##N=#.8HK.2_`06(ZE[.1<C*8EO8F7Q2U+*\8I'S6C
M$14@.N(5SHA8Z_6DHUJG15@?EKH+6-HFGF$GY_'(LH#;C/7(>\I5B.G13AFC
M18+C11[8FCC.:1P@9M)DR1UF=/9?B8PJ@T&IAV8I37Z4Z-Q9(.K9G=%?_I\N
M8"H=V,Y5GD_9W9E.Z?@,*V;*"[V$BR%FJQ>RRJR>F'F0Z5.F473:DN94AB#>
MYVK@S!W]I5.V:([DZ9ZM2#ERWL6E2(1(I'5VE6H(I5"V::B^RRNQ'9`Z'I?F
M#&"2SX3QV5?9&9ZYQ`]R8OP5X,=@)TIL0'UFI8.<:1=N9;R,)[Y&T0D:Q92N
M2%2>*TT8WZ_BE9[.:XY<2+FNJ+A`I<,^I[P"T$!2W]RQ([45H.O<Y/PY**$>
MD&5FJ0`N[+5*YJR"JW/2DAI5V,KP1QFU*R"62#S8`P#=T-;Z1U2BW<S%`S>>
M(W:.J46(#<_B3'UNP*6J&^OP4+O`ZYO@J.Q4_M]]YNG,?03$*BO:+>3<.JOX
M,,9H@0[#LFB[7BI7/A_<1FR[$@49NNF*QJU(N4]G@%3>`B(@GE0<40;7VMF$
M<4OG;$MBXJQC:"W:Y>D>05M&M@E3VJ?G_.'IEIS8CB77VE`-M4ZKBNIWP@OU
M!>WGAI&=;@Y)=`[$<N[7SH@=@:UA<@N?M:PLA>%8&JJ\/"OK!$7GTH@8AAYJ
M7FUA*JL9<:W.G-'B&N[K>BWS8F'S!J+.,NT",JNLLA+F^H=``E2^6:T<$:J[
M/.M0)-.\VN;,94M/""];O<S>_F7<EJOWWI%C+.3-XFP`_MG9Z5FRZIDN,BU7
M2E^A3C#5EAS54F>>_K&(H*KO0IJ4'-E1?=*1\4)MV9$(=)&.`\L2<UTCYT)G
M6I$(YL1PWD[?@P(D#]40&GG$H)81#_'MV7'P?]1#&.99OADO!RNON1H?RB7F
M3?CJU[X+UZ(,/'"C!+<+`S.O^F*Q`6]P"LO2R/0ICBQQKY6KG?5?YY"$2FE+
M3X#M?\(P#/L:=$UP!(.N3,Q'=$W&NK3LGBUFN]KN6!DPLO[J"\]P?SSE(N?L
M%E_I`H_MYH+MRMBI6G'&(N*PMNRQ1W0."_=$9P@?&TGAMNQ)2-DQO19N\<HQ
MDJ[.!J=L*?.M8_AP%L(P%D(7&6>.2$17)]-2MLQ2!\=N?UCIL79Q'=<)_EH-
M:MZ&[@,_9S0BL0PW[_*J<(#>4B]7L1%[K?'>\LW>LNF`Q$?HLN;D\3=[\Q:S
MJ`(/<XAD,BP_%R(K,C9C;C:G\`:@'?N<W6'F";F0RRQ![8M,9;K><AO_<2CK
MR6;<\TWH+1$W,1T'\!ZS"R*;KX@L,N?XL4BDC"R-LB@+=``GHNAV<A@ALC62
M<0!VL,/BL1[_&;M0K;"QS\I81@3_9[+.<=PBJ72I[)VP3Q^;<V+N">:DZTA,
M)W/=LDL_=$A`\4-?81P3[Z^"<NGZ!.G,QS3FTE!'80LGYD.N<R-_[?)*,]9"
M,"C+1#ZWC+F,E+#YWR_?TI^A'#[S2?]1H<D%_C`<Q_(TIF]4NG1':`M!Q_(]
M;[2?I51(:,XFHY08D5V=3F4IYU(XFQUG$+5A-F^V,+'7"I\?I]44.S2YA+-8
M=X980[`,_[)#3[,;WXG*WBE=][-FSW5*S1)"OX@43C'[K/:>`#:?+&(B4C$O
M^_-:FXX`LXQB%O7)^?%2L^S*C,M@!S`4^T1($7`$!R^>D/88D=U;KPLO`W8Y
MNW5M!W5*C;,:\0=>#Y]P\XDU9R,`9PL53O<EJY%#_W%1LPQ,QS9\2U=.#R\6
MVC1SZ:WQM7%EL/&YJG0>WZGP-J2OPG5^\S$XWW5Y$_1SFW?IL/!J/_A4ZC5M
M)Z)X<[:(3&%!6X;*_NX)9OLSYPBPV;%1A./S./.W=>,R^B(S0G<$4/-9:3MW
M-NJ)6I&+&WNT>`.H0<?X3'`W;QMW;_NV2+Q/:<]V09?.YO29@(]W^XRUGLSV
M4/.RY@!U'#.VA:71D5]Y*%LXA1OY\D8U'*OW)<_W&CWWEELT+NVV-8NY<\_V
M^P3;;?]:68/X&HVR6D47AX.U:X.N_\6P@R]VB,.X-KZ,F_^UD`^OU`JZDIHU
M`"_BN7:$G[VX9O@??/\XI`?UDH^WA4&7;$.X2D]W=ALT8LMWH9>+G]F$YHP(
MA=<2;Y,UH+>ZJ[\ZK%-N@.)XK*\YDM<ZL,DYE4?Z\`)HDCLWK1LYKZOY#I^O
..4;#/>?!6.JZ[3T```#L_
`
end

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
