-----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,
 Fh770qsxjVaAVvqGASrN3OJSvo0H3uB5U90JBBbLI91VfyrSc2nxB6imXr0OGDMY
 pIhmLNqRlwE33O9V3Sy4Dw==

<SEC-DOCUMENT>0000950134-07-002760.txt : 20070212
<SEC-HEADER>0000950134-07-002760.hdr.sgml : 20070212
<ACCEPTANCE-DATETIME>20070212121442
ACCESSION NUMBER:		0000950134-07-002760
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20070209
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20070212
DATE AS OF CHANGE:		20070212

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:		07601267

	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>a27260e8vk.htm
<DESCRIPTION>FORM 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>e8vk</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF">
<!-- PAGEBREAK -->
<H5 align="left" style="page-break-before:always">&nbsp;</H5><P>
<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>






<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES SECURITIES AND EXCHANGE COMMISSION</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>WASHINGTON, DC 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>CURRENT REPORT PURSUANT<BR>
TO SECTION 13 OR 15(D) OF THE<BR>
SECURITIES EXCHANGE ACT OF 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>Date
of report (Date of earliest event reported):  February&nbsp;9,
2007</B></DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>TRIO-TECH INTERNATIONAL</B>
</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt">California</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt">(State or Other Jurisdiction of Incorporation)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="47%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="47%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD align="center" valign="top">1-14523
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">95-2086631</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD align="center" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">14731 Califa Street, Van Nuys, California
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">91411</TD>
</TR>
<TR style="font-size: 1px">
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;
</TD>
    <TD style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD align="center" valign="top" style="border-top: 1px solid #000000">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(Address of Principal Executive Offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt">(818)&nbsp;787-7000</DIV>

<DIV align="center" style="font-size: 10pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>


<DIV align="center" style="font-size: 10pt">(Registrant&#146;s Telephone Number, Including Area Code)</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><DIV style="width: 100%; border-bottom: 1px solid #000000; font-size: 1px">&nbsp;</DIV></DIV>

<DIV align="center" style="font-size: 10pt">(Former Name or Former Address, if Changed Since Last Report)</DIV>



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions (<I>see </I>General
Instruction A.2. below):
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT face="Wingdings">&#111;</FONT> Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
</DIV>

<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>







<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;2.02. Results of Operations and Financial Condition.</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">On February&nbsp;9, 2007, Trio-Tech International issued a press release announcing its financial
results for the fiscal quarter ended December&nbsp;31, 2006. A copy of the press release is attached as
Exhibit&nbsp;99.1.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">The information in this Current Report, including the exhibit hereto, 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, as
amended (the &#147;Exchange Act&#148;), or otherwise subject to the liabilities of that Section. The
information in this Current Report, including the exhibit hereto, shall not be incorporated by
reference into any filings under the Securities Act of 1933, as amended, or the Exchange Act,
regardless of any general incorporation language in such filing.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Item&nbsp;9.01 Financial Statements and Exhibits.</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Exhibits
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">99.1 &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press release of Trio-Tech International dated February&nbsp;9, 2007

</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>SIGNATURES</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">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.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Date: February&nbsp;12, 2007

</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="60%">&nbsp;</TD>
    <TD width="3%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="33%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>

    <TD colspan="4" valign="top" align="left">TRIO-TECH INTERNATIONAL</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">By:
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">/s/ VICTOR H.M. TING
<DIV style="font-size: 1pt; border-top: 1px solid #000000">&nbsp;</DIV>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">Victor H.M. Ting,</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD colspan="3" valign="top" align="center">Vice President and Chief Financial Officer<BR></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Principal Financial Officer)</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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

<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt">EXHIBIT INDEX
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="90%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Exhibit Number</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left" style="border-bottom: 1px solid #000000">Description</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">99.1
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Press release</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a27260exv99w1.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 style="font-family: Helvetica,Arial,sans-serif">

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">Exhibit 99.1</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="80%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="18%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><IMG src="a27260a2726000.gif" alt="(TRIO-TECH LOGO)"></DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">LOS ANGELES</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SINGAPORE</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SELANGOR</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">PENANG</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">BANGKOK</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SUZHOU</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">SHANGHAI</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="48%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
    <TD width="2%">&nbsp;</TD>
    <TD width="25%">&nbsp;</TD>
</TR>
<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">FOR IMMEDIATE RELEASE
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Company Contact:</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B>Investor Contact:</B></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">A. Charles Wilson
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Berkman Associates</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chairman
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(310) 826-5051</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">(818) 787-7000
</TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><U>info@BerkmanAssociates.com</U></TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Trio-Tech Reports Fiscal 2007 Second Quarter Net Income<BR>
of $0.25 Per Share Versus A Loss From Continuing Operations of $0.15 Per Share As Revenue<BR>
Increased 89%</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Van Nuys, CA, </B>&#151; February&nbsp;9, 2007 &#151; <B>Trio-Tech International (AMEX:TRT) </B>today
announced sharply higher revenue and net income from continuing operations for the second
quarter and first half of fiscal 2007 compared to the same periods of the prior fiscal
year.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;The performance of Trio-Tech&#146;s semiconductor burn-in equipment and testing service
businesses remained robust during the second fiscal quarter, reflecting strong
semiconductor demand in our key target markets in Asia. We are encouraged by the
performance of our China operations. The performance of the newly expanded Suzhou
facility, where testing services commenced during the quarter, exceeded expectations and
contributed to the strong second quarter increase in revenue.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;We are encouraged by our strong backlog, and are optimistic about the second half
of the fiscal year,&#148; said Chief Executive Officer S.W. Yong.
</DIV>
<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Fiscal 2007 Second Quarter Results</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the three months ended December&nbsp;31, 2006, revenue increased 89% to $14,067,000
compared to $7,425,000 for the three months ended December&nbsp;31, 2005. Revenue from
product sales for the second quarter ended December&nbsp;31, 2006 more than doubled to
$8,794,000 from $3,710,000 in the same fiscal quarter last year, driven primarily by
higher sales of the Company&#146;s semiconductor burn-in systems to customers in Asia.
Testing segment revenue increased to $5,273,000 from $3,715,000 in the same fiscal
quarter last year, the result of continued strong demand for Trio-Tech&#146;s testing services
in Singapore and China.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The overall gross margin for the fiscal second quarter declined to 24%, compared to
gross margin of 25% for the same period a year earlier, reflecting the strong revenue
gains from sales of lower margin products.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total operating expenses declined to $2,116,000 compared to $2,239,000 for the same
period last year. Income from operations increased to $1,250,000 for the second quarter
of fiscal 2007. This compares to a loss from operations of $373,000 for the second
quarter of fiscal 2006.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income from continuing operations for this year&#146;s second quarter was $799,000,
or $0.25 per diluted share. This compares to a net loss from continuing operations for
the second quarter of fiscal 2006 of $446,000, or $0.15 per share. Including income from
the Company&#146;s discontinued operations in Ireland of $8,837,000, or $2.91 per diluted
share, net income for the second quarter of fiscal 2006 was $8,391,000, or $2.76 per
diluted share.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><I>(more)</I>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt">14731 Califa st.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Van Nuy,&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CA 91411 U.S.A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TEL: 818-787-7000&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FAX : 818-390-1272
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="left" style="font-size: 10pt; margin-top: 6pt"><B>Trio-Tech Reports Fiscal 2007 Second Quarter Net Income of $0.28 Per Share</B><BR>
February&nbsp;9, 2007<BR>
Page Two

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At December&nbsp;31, 2006, cash and cash equivalents were $10,549,000, working capital was
$13,882,000, and shareholders&#146; equity was $19,269,000. At June&nbsp;30, 2006, cash and cash equivalents
were $10,390,000, working capital was $13,268,000, and shareholders&#146; equity was $17,392,000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Fiscal 2007 First Half Results</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For the six months ended December&nbsp;31, 2006, revenue increased 82% to $23,943,000 compared to
$13,130,000 for the first six months of fiscal 2006. Revenue from product sales was $14,772,000
compared to $5,870,000 for the same period of the prior year; testing service revenue was
$9,171,000 compared to $7,260,000.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net income from continuing operations for this year&#146;s first half was $1,555,000, or $0.48 per
diluted share. This compares to a net loss from continuing operations for the first six months of
fiscal 2006 of $282,000, or $0.09 per share. Including income from the Company&#146;s discontinued
operations in Ireland of $8,459,000, or $2.80 per diluted share, net income for the first half of
fiscal 2006 was $8,177,000, or $2.71 per diluted share.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The overall gross margin for the six months ended December&nbsp;31, 2006 declined to 25%, compared
to gross margin of 28% for the same period a year earlier, reflecting the strong revenue gains from
sales of lower margin products.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>About Trio-Tech</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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
<U>www.triotech.com</U>.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Forward-Looking Statements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&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>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt">(tables attached)
</DIV>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt">#4285
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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

<DIV style="font-family: Helvetica,Arial,sans-serif">




<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TRIO-TECH INTERNATIONAL AND SUBSIDIARIES</B>
</DIV>

<DIV align="center" style="font-size: 10pt">CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME</DIV>


<DIV align="center" style="font-size: 10pt">UNAUDITED, IN THOUSANDS, EXCEPT (LOSS)&nbsp;EARNINGS PER SHARE</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="52%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">Three Months Ended</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6">Six Months Ended</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">December 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="6" style="border-bottom: 1px solid #000000">December 31,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2005</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Revenue</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Products</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8,794</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">3,710</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">14,772</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,870</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,273</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,715</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,171</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,260</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,067</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,425</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23,943</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,130</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Cost of Sales</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Cost of products sold</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,632</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,220</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">12,429</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,915</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Cost of service rendered</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,069</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,339</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,658</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,525</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,701</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,559</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18,087</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,440</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Gross Margin</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,366</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,866</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,856</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,690</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Operating Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">General and administrative</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,653</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,993</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,044</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,282</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Selling</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">274</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">230</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">536</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">515</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Research and development</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">34</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">33</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Impairment Loss</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:60px; text-indent:-15px">Total operating expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,116</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,239</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,786</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,845</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income (Loss) from Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,250</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(373</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,070</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(155</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Other Income (Expenses)</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Interest expense</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(37</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(38</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(66</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(74</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Other income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">73</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">82</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">110</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:60px; text-indent:-15px">Total Other income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">36</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">44</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">38</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income
(Loss) from Continuing Operations before Income Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,286</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(329</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,114</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(117</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income Tax Provision</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">453</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">112</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">478</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">184</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Income
(Loss) from Continuing Operations before Minority Interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">833</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(441</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,636</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(301</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Minority Interest</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(34</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(5</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(81</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
</TR>

<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income (Loss) from Continuing Operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">799</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(446</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">1,555</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(282</TD>
    <TD nowrap>)</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Income from discontinued operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,837</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,459</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Net Income Attributed to Common Shares</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">799</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8,391</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,555</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8,177</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic Earnings (loss)&nbsp;per share from Continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.15</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.09</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic Earnings per share from Discontinued operation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Basic earnings per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.76</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted Earnings (loss)&nbsp;per share from Continuing operations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.15</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">$</TD>
    <TD align="right">(0.09</TD>
    <TD nowrap>)</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted Earnings per share from Discontinued operation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.91</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">0.00</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2.80</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Diluted earnings per share</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.25</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.76</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">0.48</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2.71</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted Average Shares Outstanding &#151; Basic</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,223</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,038</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,222</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,016</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">Weighted Average Shares Outstanding &#151; Diluted</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,235</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,038</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,234</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,016</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">COMPREHENSIVE INCOME:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Net income</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">799</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8,391</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,555</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">8,177</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Foreign currency translation adjustment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">482</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(766</TD>
    <TD nowrap>)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">508</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(746</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">COMPREHENSIVE INCOME</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,281</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,625</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,063</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">7,431</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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

<DIV style="font-family: Helvetica,Arial,sans-serif">


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>TRIO-TECH INTERNATIONAL AND SUBSIDIARIES</B>
</DIV>

<DIV align="center" style="font-size: 10pt">CONSOLIDATED BALANCE SHEETS</DIV>


<DIV align="center" style="font-size: 10pt">(IN THOUSANDS EXCEPT NUMBER OF SHARES)</DIV>





<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="76%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Dec. 31,</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2">Jun. 30,</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="2" style="border-bottom: 1px solid #000000">2006</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="center" colspan="2">(Unaudited)</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

<!-- End Table Head -->
<!-- Begin Table Body -->
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>ASSETS</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CURRENT ASSETS:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Cash</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">5,021</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">2,551</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Short-term deposits</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5,528</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,839</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Trade accounts receivable, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">11,823</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,518</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Other receivables</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">207</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">306</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Inventories, net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4,637</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,447</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Prepaid expenses and other current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">220</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">170</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total current assets</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">27,436</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">21,831</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">PROPERTY, PLANT AND EQUIPMENT, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,161</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,073</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">OTHER INTANGIBLE ASSETS, Net</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">260</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">311</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">OTHER ASSETS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">315</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">169</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TOTAL ASSETS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">36,172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29,384</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px"><B>LIABILITIES AND SHAREHOLDERS&#146; EQUITY</B></DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CURRENT LIABILITIES:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Line of credit</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">1,947</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">116</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accounts payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6,308</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,809</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Dividend payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">323</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">&#151;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accrued expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,356</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">3,045</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Income taxes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">532</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">311</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of notes payable</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">726</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">856</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of capital leases</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">121</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">107</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Current portion of deferred tax liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">241</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">319</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total current liabilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13,554</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,563</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">NOTES PAYABLE, net of current portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">364</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">644</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">CAPITAL LEASES, net of current portion</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">200</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">230</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">DEFERRED TAX LIABILITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">458</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">359</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TOTAL LIABILITIES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">14,576</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9,796</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:15px; text-indent:-15px">MINORITY INTEREST</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,327</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2,196</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">SHAREHOLDERS&#146; EQUITY:</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Common stock; no par value, 15,000,000 shares authorized; 3,225,242<BR>
shares issued and outstanding as of December&nbsp;31, 2006, and 3,219,407<BR>
shares issued and outstanding as of June&nbsp;30, 2006, respectively</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,354</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10,338</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Paid-in capital</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">458</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">337</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated retained earnings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8,382</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7,150</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Accumulated other comprehensive income loss-translation adjustments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">75</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="left">&nbsp;</TD>
    <TD align="right">(433</TD>
    <TD nowrap>)</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom" style="background: #cceeff">
    <TD><DIV style="margin-left:45px; text-indent:-15px">Total shareholders&#146; equity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19,269</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17,392</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap colspan="2" align="right" style="border-top: 1px solid #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR><TD>&nbsp;</TD></TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:15px; text-indent:-15px">TOTAL LIABILITIES AND SHAREHOLDERS&#146; EQUITY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">36,172</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="left">$</TD>
    <TD align="right">29,384</TD>
    <TD>&nbsp;</TD>
</TR>
<TR style="font-size: 1px">
    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
        <TD nowrap colspan="2" align="right" style="border-top: 3px double #000000">&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>



<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>


</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>a27260a2726000.gif
<DESCRIPTION>GRAPHIC
<TEXT>
begin 644 a27260a2726000.gif
M1TE&.#EA6@%6`.8``/7R]DU5CY*8Q:>IN/GV^;W!T^+>Y%57;Z:IQ__]_K:T
MO+>YUGR$M/+N\^OI\_[Z_9>9M\&]Q\S+TW5YJ(2+N.WI[>KFZ][;X=33VM'.
MU3`S5-K6W+R[PN3BY8:'J</#RY>8J^7C[-S9WCI%B)RCRLC*XW9WF<G%S&MR
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M@/SS^9^?PMC2V-#)T/?X^FULC<C!R/OW^_/P\>?HZ/O]_O[^_B'Y!```````
M+`````!:`58```?_@'^"@@F%@X>(B8.&?X5CC0F*AVPQ"5`R,G\/4#%C,@1!
M07M-=`0/8P^1AX:JDJZOL(N,L;2KB)&/M+.#C[NUO\"QK,'$Q:NJA:W&R\R)
ME@FG,3*A,:`$,7LQJ:@/J<W?X.'BX^3EYN?HOP]!R0F8!)Y\>`1->WOLT-[I
M^_S]_O\``S+KEF^,/4PA=%QQ0*`A'2@/*@F<2+&BQ8L8:R48$P.;E@!YJC0`
MT$!&DT_Z,JI<R;*ERV#K9#2XDD6*ASQ<'(R$TN2:LI=`@PH=ZJ\;``<VT%3A
M<06-EX4L^`#X=(T0T:M8LVI5%"K5`P(R\'Q)FL4`BPI+T'C04:%"20)[_^#Y
MVDJWKMV*&PM!21"$`(`:`Z1@L$`X1!4?:*Y8",$"[K4]N>Y*GDSY7`)3";3M
M`1!""@0=A"NT27.E"AHR/!@#F"J#SH/*L&/+_O5LT-<O?`R0B5,E39LV'3H8
MV)`&@0<M(2R4_`0@QJ"]LZ-+G_Z50`,D619<L%"A0QL#(C!LL.'!1X3D%J3V
MI/-SNOOW=1/$]:LC"X00OW^+,-!!A(@-4PS@0PX&M#%23T%T`]^"#+;DAR#=
MW#9?-6=X@4`-%1`FG`@77+#!?QO4X$(64QC@@%35<!*$-@VVZ*(_T"3@!RYT
M)%C)-0"`X4,="X40G`$7F"&"&4OXMX$97(``P?\4!C;1P!<..?+BE%2*<QED
M,PH"5S5?-6#$`&C8X$8?_`DGI`'@=2C"$DO,X($'+_31@%2?)!@$'F-`4>6>
M?`*SD1]C$!!)A-585P,$:/!001_"!7=!</EU$(*'%RR!0!9H+*$3)C)TM$=F
M@O8IZJB2..)<(X66800:(8W9!W!FYL>"!6UTAZ8!6!20!0)IE+2:20D"2NJP
MI(Y1D"G55'.2&FCDL$8(C`;G'7<6L'#6M2P8$((!:=01DJ)2`="01,26NZ<E
M?LP(S:<$X"%#&4!`,(,;]/K8:!O<5<"'5`TT<!9^!O#`118FZ!""6Y_L09"Y
M#$_9D,)CU!-$*67\4`3_&FF$X"-^PN7;[VH@[]N6<&DLD(4'5Z@VY[CM->QR
M;,A4DEF@,0#0![UU!-!#"#P8801_;1Q<`0L`\-%$$Y5L)D-;P!E0`PUAO)$:
M"_TVU.G+6,N6##;:S"P-25Q0(,`!7G3A\W[>#4TU5=+T1$^_%@B'@7$"U,$%
M?U$5'6K6?%?6$5R@PM,`&#@$0($*65#!@X<&T&IMU1P5D@H!4*SV[PX>4!!%
M"Q[88$`?1#?74<M]EWZ5)X)N9-(>!G@01@L,X$!!`1B<L0%_U8(,T2$1?27#
M61TDD04#*&2111T9N_56ZJ2;[OQ+R8Q!ATG7Q5$'#C>(00(-4V2`P:-M$'U2
M_TJH8D/`K#74@<+Z;Y`0!P(I#PW`'C(T__S]`;5,4&90]%_S"VA80!+$@((?
MD$`*'Y"`?[S3@*,A+3*:@,QE&E"!$I@`#BB(P@(6X($XD"%Y7Z!?@HX!HUM$
M8AB0:$\K=J&_$2J"$3%J1S)2:`M"H-`7LX#A"EEH/V3L)1+:(!\-=2C#$]H/
M$DBLQ?Z,.(X8102"A*#&`V0P%0(X(`)S&``/P$"%*`A``')8@`XR@+8#T:$3
MA-"&L:31``<4`'910,`39D`&.:",/^JIQQ@>T0THHB-!J=`+-$2!C;A\:D9[
MW$@W=F>L-";('OG@1#(BTHX'X"F0>ZE&H"!2"'N`Y?\:,OC4Y.*RD4YD8X75
ML`T0]T<_>*S"&RMRI7R@`(^.A&(CUX""L5ZS#H,4TEC\6U$G.B4?A>7%$9+S
M0__\L([7V/`8ECAC_Z981'`40AK)ZL5&@H`*B/A%!@[80DVNT($:4*$.-V"`
M!^I`!B'<+GP.=&4:$]"3&,R*#":@``46,(,(S,`T$+B"`=P"@`>P!AY"3$<?
M29D-;X!J#W_H%!ZP.3&?E#(;$B7`&:<"A5)T0AKTDX$G6!-*:3CD(:G0C"93
MVJD'8!03502+L3CB4H61$"P=^9LV;%D(I)T"%37Z!)ZD,8^(5,-=GXB!*.+2
M%W%Q9*(0T25((3.YB7+D87[_@<LVD)C(0W0$#Y&@'#=G&(Z/$E,57?DD`<I0
M!C+X``0\X($9,J"#!00@#!/(0A6<0,8.5```3?B"4A64&5#5S`$($$#L"G`$
M#CC!"9<:0,;Z95"1@O2(X;`$(4"QB4[ML;-@+2HV`_45A7UE14@+`J?$Q9..
MO*-MMJ1E7SRU"<PTPA-?55BRZ*"PN!AD*G^;HDA[=XQAQD4&W3@)8$-ACV[@
MX10-"0)K)A:#)OQ!69WB1#7VX"ZD?75+.ZUB)6;4NW?0PS%:5>,@1G>+33P`
MI9DA1[*J<;4_0($2YCM*#=``@8R9P0QV^,`"6H"",*B@#F.\W5\!P,VI-&&7
MT&@"_TD<(``23(`$,U#`%CC``1T8!P%@<`,+9""5:W1M+N1PYA\"E=2F`H"M
M,(XQ6U=3A@:4H6@CH?&,Q?6%+X02$W\+RQCZ\@XJP@5/:Q14)_R`A]6,Y,8U
M!AE,J=B70/8Q'WD9PSPP,9\J@JP,+'``C$$FKM45"KC;%9?YF-H32XZ"MZAP
MVT@P`:4J?J).=)C*?-H#08@8\AI@J3)F-9(99G[V#_?0:$<<\`,(].!9V[+#
M'3X`!`%X(`LJ^$P&%,R'I,[OIY:8(@#<4`,&:`X&1]#P%B)P@AE`(`X#<$._
M2C(*&>PEH2G64S(:XA<;<($*7/B!L(>]`&$#VP8E2'82:O^@$U(GH00VJ($-
MKG`%3;U8S#8^*#:FPID0`'D^]>`U203V3P28FPPSL$$(Q%P&AM#O4_B-BT3D
M`Q;.@*$+:>C"L];0LS7<>PU&6`-;V[CN&VM+S`XP0@C`[``:OW@D=)@>*9+:
M*0!<X`HZR+@.L!""D>2X)Q(&V<,2Q(;--K(1[FKR04<A3V9([@]P$82P/$%D
M`-@@#B;X0<*%<P:Z%F`(F3-U#DZ``3/H:S6`9,.6H.&7)0!A`DR@P!$:RX$(
M.$$(&>!"';)0`-6(RR_XX`<;H,&)H0*`!W$H0@O6'H``K/WM;'?[VTV0L1]D
M`>Y%R'L<C)<%.2"@"V)>;D.X@`;_@M7!`14W25@(\(40+$`*86B[Y.5>A#!`
M0`R`O_%J:F1B8Z(*+$9X]0UNH`(5K._TIY]`\?CN@1_0RW5Y5?WJ\\KW'+CA
MQI\HA4P8+84LQ"$/`5#[`?)@@KZ+8>%A+H,20`""*AB@)/60MU$M`9$Q5"!`
M4D#`$N9L8G!L(T*@X@;]$-N",/P@!#\3@1TR\`%*>Z$.=?#`$]2P`Q'T@:`[
MK8XGZ-<`'4!@`BT``E-W!*NF!O1W!0LP`<CC!B<"6'"A,)S4".B@%ZC3!&EP
M`%:P`AFX`AS8@1[X@0>`!6LP!`&P`B/0`G(`?_`7!@?`@2.``@BP!K?G%PU0
M!R.P`AHP_P&W]ROU9@%<(`<!,`(!,`$04`5&6`4(4`<3,`(GR`"NIWD.&!&"
M\A410458$`8?F(5:N`(!$(-)4();V(%6X`%KT'`E5@:.YP%!.`(JX`'FA@`0
MH`(WN`+E!P$\4`9KX`5,J`))T'`-\$E-$`JFP$E[$'I,V`)`,&>=@EPG9PR6
M4#_[8R--5@&0%P4P"`9G`"(9H`<G\`0]T`,PD`5O4`!*@`$=D#M\``HGD6<`
M\`6C1@)A8&HT<`0Y0'5*(`$[\`-;1P$>D`3KUB\&H1=L$$B#YHA,)P-?X``"
M1@9O\`8T``,P0`$W^((X0`)OB``#0`-I@`4P4((!(``E``8=TO\%/P`$6="!
M+3`$1J`\92``'1@&/.``UD(2[48&+6""<0`#)=`%'=(A/)`&-H``*'"())!Y
M*\-KA:!DXI($<G`#48`#%48"`D`!]\B%<%!A$QD%!C8$24`%)?B")``#-$`#
M"$"2).`!*O!H9;`O?.``:0"$7#@!"/`#5P`<1M`%!8``<0"&*G`%#=`%'L"!
M3%`"!P-]XB)]G"4#/(`&'-@",,`#<\)M>P`=RQ`HHC0SE=,0#@`$;F=J3I@$
M&(`!$I`!=R`$'#``'B``F*(%`T`$')!`+V`'=A"6F;@!&/`"`8,#*H`#=0`$
M,\!A;ZD&$B`!=:`"%'`#`6`"-A"/(Q;_2IP`&7Y4#IGA6E*1(1=P!F<`!DE`
M`M/(`$,P!5,PF+6S`2]P!=U(AR1`!3L0EAA0`S4@!DO(@0Q0`D:P&"$@`'.H
M`EVP;@[@`&Y0`K$Y`G+P`YB8B?UH`&80(C\@`/<8`+/)&%$).)?A4I_@`%WP
M;$F0!#:P`S8P!$P@E`(@!L,FG@6@;R4`AE%0`DEP!K6#F5V`!5P08O[B`#SP
M!BUP@UV(!6D`!OP!)"(`!FN0!/9I!29`3DE``4+Y`SP@8IU6$M,W,1+&`PC*
MA3"P!J!#-6I6C*62`'`V!GX@0C(0`I>"`#`0!C>000N@!#MP!B\@!$(@`3D0
M!WFE`1J0`C5*_Z,XBJ-60*-6``(%H$\4P$Z-=00S\`%*H`0T0`&RXW<FX`.H
MT0&=IGMGU0\AQ0?60B8B<`8[H`2<:8(,@`#]]%BWF`$V0`4D4((M0`(Z<(L[
MT*9GD`1#P``<Z)P<=Y,X,(=AD`07$%<\T`5W:H(40`4UH*5A"2+)N0%VF00V
MZ*4**C_UY%)#5C06X`8\`P8[(`%J,`/VV90X``1/X`1&>JD[D`0_@)["I@09
MT*9W60.3LAUND`0(\)TKP`1U8`-UZ1]9RIIG4`-5X`$#@`$\\`,,<(,M0)S:
M$A7+DV14U`43FJ9)<(IMT6F?L@R9L0>\)5/N8!U5$`>)\0.',P$W(/\`/S"6
M&5"N&3`#)J`"#%"C*="N[OJN\.H"0U"-#$`#0)`#J^8$:F`#3S`!#"``4?`&
M)4`#6>`%/[`$%K`:C!=*$-4/ER$39V$!PW&I!8";@(H`1*``M:@&0C`%0F!`
M:"H`3_`!^AJ:$J`$8N".3?D#EWF@N6D#&/"?F_F1%"`&*KJEJ_D"&""7<OD"
M9%H`L?F-/[".5--IJ+`NHX9^1G"I$F"6"%"1+4`!"(`$&Q8!)"L$7"`&Z"D&
M1?H!H.D]XG$!VM(%0W`#^%D'2="F/(NH<XF9;9H!1[J:!1`%Q+H`)<`AW#$2
M8`&!EU`&S#JG`J`$^U$K([8WQF"5VE!+,F#_!&Z"!CH`D$`@![&#`B1`BBM*
ML5XP`1[`KAI@!3OZKI[+KBF0!1)I84;(82<PF,L9!2A9!P6@`R60`YAR!6X@
M/[Q%3/X@#7Q`01W@(1D@`04``9U9!P.`!$B@`/JJ!E.PG&B*`PBP!4?@!)SX
M`6I0L1T8`#:[`U0@C1QX`Z0H`38P8$TY!%MZLK<XEG')L^6JO3`@JRT@`&93
M+7_H2NM`$FY@!!=PJ2<0`3G0`Q49=3U0O%1K=3KP`R3(@5$``T#06#.@!IL6
M'AS2!24PK";H`06PFF2JLR^PP3J+`6VZHF<PF`4@I[,Z!*7X(=P!`'AP2N_U
M8EU`PM^H`SMP.WY%_PIX\`V0T5R_4P4FX`4VL`0;<*Y5,`'Z=`,SB8NIJ@1D
MX#H:<``N@`9:H`4^8`7MZ@,#H`4@X`(TF@44P`#JA`!50`8<T#TZ4`</20$0
M,$<DFY,F4`==$#X\.*W]\#441":D";P6.P(,``%:@`09ZP0G<`(?*P#>Z+P*
MH``1P(E-:T#H.(K52\$KH`*?6KU_JL<I"LA3X`02L,$?`B(B4*XH2P%@V`)B
M<`:-(SZB)`TLX`;!$<1JP`$Y,`#_2P%2T,?'6W41L`"G.0)P8(U$L&&:O)I9
M6@,S*Y2IB:F!?`)WL,$@PI[LZ<$2<`=D$`4FF(X%,)9F<,I4]&<O5FISBO\#
M!4!_MZ,<G^"(CRE6T"`#&.`"!9,&I*D&'_`$'@`[__H#5)`!.BL!Y]0"&E`$
M/1#%6J#%[>H"$;`%JU8$5N#%</"^`LQJ4P`U44#$!<!8,U#1/Z"3.7`!+%`&
M1_.`VA29W[`.TD!%L](&X;&E>;S'MHR\+YH!RTFLSFN\JZ;,$O`$*CL"43"+
M$PW)*I`#'#`#)""K3(``!>`$'/98)V`'&Z`FB!K$<%NQ8#@"`G`%8%";5;3"
MTM`66.JS'W"6%9E.7@`"Q;MJ_C0#!\S+Q)NQB9RSXE@#/\`$<R@`0U``>J"O
M@9P!2ATD'8*9WM.B4_!T3,@$,/`$.G`'1P+':D;_/WQ003#<J0ED!XWS%BKF
M)]302JN!6!"@;CQ@E_#\!`A`/`)`N=<\EE.@`S!0>2@``;4,`C[`KCY@O$A0
M!5[``!,0!8@)`<6K`!PPT7(0!A1`N3,P@!QP!!.-!D7@!*?H<?/[%:<BF57(
M;;,"'F>@!"G-QV.M!]$L!`5PIER(`ST@TYPH!-U)PC=``CE`!$1``SR-L4!0
M.`@\B\/M6%@7LVC2-&9PEQ+@!$'=@110`C4@M@A#;WO@+QF"G.OW`;(LE`P`
M`FQ)M>WW`3_WD1<9P$C`:IO\/1?0!6(PAR,``PMPU%Z[S&CS(]GL(4$L`8"-
MFC2@`Q)@!V8`3YSB%T<Q_\'?/(L.+`(=,&>3K0ZA4`KAU@!>4*#<PK9J8-0Y
M8&&PTP(]H`,OBJD+H$]X!0)H@`9SX*YOQ7Q2(`4DP``.&07_/``*0`;:PP`6
M!@,%\`1DD`.(;'4?,`-.80.UN8/TPQ&?HJ'!H"Q.Q@+?(0)4D,<4X`5LN6%"
M<`?X;$`PC;&ZS6HV(*PT"P3HG0,T0+="V98]<`,NV*F'G.A8-\ZA02N(N@-J
M``0DO`(W``13`-D8RFM[@!MG\1WO7`7W.`),L."V;+4GH`8&+.%U(`5MV4Y#
M4B`&<`5_2H<*K&%6N^EBBR_Y\1T=L@$[L`"2GJ8PT$\2H&`KTU0-$`(_0,U<
M2/\!-,`!)[!I9F$TCNA2)]$07E($<E`#!C"7&)`!^PO+50`!L4C$0*`$@1P!
M3X`#41`%7XH&+E`$[:H!<U`$!S`'3B$`$X!77M`#4F"\-+#EIC:<!3`#&X;+
M'5M7]F$P#-@`VX4-UQ4##R)?BE<TK9Z_73H":-S'JX:^&P"RW5X'QNO3.I"R
MTZ@"`H"-Z!WI<]@"`S``HNR")%`%QIOH+5X@:D/@'8(!2O`$H]X"W/,"9I"W
MV6"M5&2EHC$<$F"/)CCKM7R\@'P"2O`#=L6!</")`X``0!`!+[`$CX(K$]"!
M<#`$&:O;'X#/.$ZX$<LH:&*7T'Z(.>^75`"L.@%E8.;_!L'*[8:#`$>@!X:M
MT7S`'L7@!]A`%2$`!&_@.@C@W_A]ZVH0`410!66NI//W6$\``>G$`%X`\%6>
M`E:`@:[O`ST``?Z>!2!0R]E8!TR``A,P`:/(88>\!1]@M;@N`+'HQAIC`;S6
M$'O4<IG%$7>&":L<`AB0\@Q`X8ZUFA]2`MQM."$)`V\``W(P`1\9!<3[\^B-
M`)).AY\(R2-``D1@O&Y)=!=0*\I-$LR^`S,PH5P("'4S$AL=+`TR4`\/,HT`
M#2P6;1@S*BLK3!126DA;'Q(22C]#`9<H.`)U,&)B)5<E5&`E*)<K<`@#"AP1
M4R\7'16'?`T-964.%187&`M1_Y<!40RI=0AO"V(_/ZP+;R0X3,\4N1Q"&P8L
M`$T)?^SM[N_N"0\Q>PTA52HJ=0)9'@LV.S*H.7'""8<<-!C<8#"AQXP($8X,
M4$$A2A@T+HJD2''@@)6-108@D(/#@Y=-`VA08,"PSH(9!CELB?"C0#8**ABL
M!%+#@(5#,1(TBA'CP1AX2),B31`T`8&B!)HT<-"%Q(@5(RCTR!6AG)D+!I+`
M*#4BP(T;3&ZT&%$VBYPJ59#():*`")RK*UI`D#(!;P`26Y$H^)!!A*$&```0
M:"2C0H4.9W[@\%OGR(<7!H(]);J'\2,6%<`4N'$ITP#!$>YDV+&CA!BR`5K$
MOH&B]O^$,!2H_*"%%0Z)`42V.,FPP4@%8NF:-)&1F`^+#FG$1+G*MFR`V"VR
MMV"B_3K;2RVT$N%P`L,Y/D&4+FWW@`V!1U6R0*B34\"$+'4*2%`C1`C!"#G4
M$4!M)@`QPPP<$&%"146`X,4<*6C@`X0;'>""!RO)(0=*<J`@``4XO!21`A'H
M\8$-)2"@T$JQF3!`!FU8@`@!3T&1P%'JY:B>4P3L$0,=4ZT!`W4,]$"7$Q*(
M8$`;88U5"UY8>4B"-5O()9@"1P#!`%YZ\?4D!$8&5YX!?2#6(XV+#6,!&)+Y
M1<(1,]QQP4\R+!<4C3+$(!4+%^A`V@HWX'":<,1M<$82KUW_4MVBU86A#2UL
M10'#."?8<4$?Z#011%$/])A8`Q88(=UWU5TGFW;9>5<=5@&(M\4)&YB!SAX[
M*K+.'T']L0@4>WQA@PEH8,%#'1/(`8,<)D!0@!H29"#$%'I$`(1]#/50Q19'
MY."%'!3DX0(:&EF!!H4I%%%$"PR$8=(F((3!@`H3O$%&!!S4^X$2.OR`0!@>
M,@"''"1DD042-OR$F`Q[[`$%%`0D<*N.$+<C#P%CC`$`"T8@0&0=@C%[1@=M
MA("%DP'`00&4#`SQ@TPR*8#E$1P\L25X>YGPI``##)"#$[`"PT?#NNY!P`.)
M84R%`'X9Z802(O1Q'(U!C+$(/<R5_^&&GY<$"EP$)[P@@@B')CH"$RR!*(``
M),!`PQ-)4,';"+=L+80=ARE&ZQ\\+@9`!4;\L&59T9B=-@Q#%%XX##!XP\15
M`3`@A9@;7)#ICO(X/$^G><I@#P@0V%!#&B7`,$$<9V?!`!!*@'+''1\X\00$
M4>`0A@MD).B%#UF8X(,/'Y6KT49SG&N"MVAPG@4%%$P``1E;8,O!#$HH`80<
M[N*``AP"++```A@-8$`'?23VE%$-/QQQQ`\$,<\C:R!`%@,(T/6)82&/7$IX
M)-Q5F@!`;*%+\S.)@!,*,+.\@``$-E,4F'*A!SE9H`(RP!%3U/>%8G2@!)-Y
M!@0&<`0EG/_!"&Y`1)UD$!4Z!.$]?.B`$OYT`YP1@6MV,(`!1(`HLL`!!ZA`
M`!`*0(4D@`$#2?A!&+`R@AO@@@A(VD`;S/2`AXUA@D%H0`>HP(#]+5"'!5`"
M:Y+`Q1W8!`8W8!P#ZC"`5V%`<@"@@X[D`84@-((.,0``'VI0!P^`P0@AX$$&
M='"LV.4O7C_@P@M`\0&13"`*%/#`:4#@`X]H($(;B60D-:`!*W3$!0[*@KO"
M4`<:^$\7T--!%3PP`0'@8"%U``(9#D2&+!3!!A<(03I.*#6%F>]\:UQ'$!Z1
M,2*1X$A)`IG(G!0>4X81/!2(G__L]8$/$)!+!S0!J7"6B\MDI@'_"4N`C<9`
ME,4TP``8Y)(`L$@%#'3!#<9@3F*4\P7GA(`*+,0!`I#`M3/.L(:]P8$70,"5
M#&!@`QC8P0\FH"@4X$(!3KB#$F<4E#W<BBD,:X`;_%8:'/1`"UH`CF6TN)H=
MA&(&"/A3X[;RJL@=H@D/T-$#VJB(&""B`0/(PQ/ZT`$[V.$.4Y@!$"`0APG`
M('D46``7HO<!(M!`#BVH@RN+T#M(/G(C5G@J)2=Y@."A:P(>0$`._+>%F-&@
M#OR"P8J`\(0CR&4+9,@!&GJPA',D!@!YPJ5<\9;273;`"$/""@5^*1P)?+`-
M;:@!,7$``6-RJ0XYT(4>]``*)5#A9.`Y_Z`'6J`H`6QP"W/SF</84;E.?:$)
M%O`;7GR#`^2A@@1IHP$"TN"`,B!,CGQH`SRSYD(G6/.>8OL7"*0`'/+X<P,9
M*,`0L7*#WQQ!#1@001OX((.4P@-/]A!M7G```HQRHJLGZ(\0[E`0#O1`I&,L
MX]S0V(0U+F(S!&@`'S8@!3*XP0`7$($=A*`'#F0+`1Y0@89,X(\LJF$&3Z!!
M&*S05"N,P`H!Z,@C-3"'`T2H"'%@0@"B&DE+YN&(_CO"`DB0+AS(X083(($8
MGI!8(J!&!V10I`U"X`#$1,VA<XU8`M3WGKMJ#"OPHPMC/R8)P9:B59SS`@7^
ME!48=**!=@CH8_^Y!`$0?)@Z@`E.9BO`AR9R=A%.@6L9%D#92V"OR[4(,QG6
M8*8:MV&%M#U-B3"#6QM28)]:&(\>,K`:"3RA+U=IP2\MX[4E-A<>#@N"5&1;
MQ>E6%Z."$8Y_[D!?F?3`$BMH'!DQZPM$E%>EYZ6#5!2`ABKPP`CQ-<,+_/.!
M&61KE&'``8<G`((%%*``9*!!'B1Y``C(004MN,$!'FF%.7Q$`R!B0!1:D`>/
M1/(`&44"$>#"$`;@X%UR<'6VB&#B3I1Z!CW(@A18RP(^*$9],8:8-M=WU[R.
M@`%[9JPY.F``P8KQ@%[H`=*>(:D<G$`"=A`!!DH`V;SL$P+ZLX56CR#_!`P`
M`P#RD)CEQB`#!Y"@%#C&@0H"P*CJ+&`-+9;C5-[)0A?JH3Q@`0,^X?9F?HHI
M`R\8I`[J@)<1"*`*9.B:&2S`7"C`8QZ+84$(I-L"ZB*Z$UP3`B@D<((/<``!
MO)%T&4&.CACLR.F52U@#KI`%-'"!!Q8(`;M?D`'N&L1_.8``"DK9+1,@X`DD
M_IT5BJ!?G/0\`%"=PX(7!(<63,`$3.W=`?B)!)%0P%T"8`@$N%"`)\AD+N.!
M2*FEX`$R\,`!Z"#A+<.-E/0EH!X-X,&-SQT_A!+")QT0RX\I<$`'B;WE_)O"
M';YRJ'ZWX-\4Z+*>QY/9@P7EB3'(DS>[,+.R_P#&"V@P;2I0BX`:N,$-%;@8
M"U@PT8X#AV<O,(,11)Y;??*31'?XYP:XKC&\B.,()RA,&^#J4/-=GD;?I.C8
M!,#;0?%,`CM(.08R(($/T"#I15JZI=!!`*6L-`8VXC!2075RH`-IP`-I8`;Z
MM@%W0'1"$!-;\%45<39AX%-`D`,.%B$$U@\34%PM4"%%\%0',&P#PE1/Q1%:
MP%M\$08?@BXPL``?L$P*T`DRX01Z,`42<`4_``%%L`#&(4=YXG2+0'E+T41[
MP#X/AV,D(!B$H20Q(GK3M0E>,(5#AA=,0`(ZD"07<`;\QB7[Y&1P$`X<U#7G
M@$UX4#'RH#YT0``.(/\&758RN!!G1'`$.I`Z9W`&2@(RR><<#M`!/W!,+31/
M']`U%W`!(D<*42('U55&A&$'&R!?P04'$(<"$+`SQ+%$V!0#.)(^4$`4FO-.
MA:87?$<B>C`W"O@U=O`"2G!_X4!272,"D>=<\)![B1$$)V0/;X!K^L!#J;,:
M=-9U!4$O""%69#,$$Q``6:4%NS9)19`%Q?([1>!K&Z$!!Q`;6=!4*6`%+O!O
M*N`A*,`$`@`#0&!?+E..N^`$:A`]V@`#'A``66`#F3$,C7`CEX<CX38&?D!7
M]%!C%V`5.,8Q6\`L%Q`C(=`%@]4#I=<#7O`->'$#,&`#_X0!2P8>7P@!%`#_
M<7\!@QE0AE\009V(,$T``&50`L>4%62$:'/(`?>2<HXH`K^P?"S@``;`!?$$
M'#>(`0I(?39T$G%&'K'R/4NP`TI``ETV`E&``#/@-1V`"(HQ!D,C:(T0%<PG
M6B/0`@)@)$=V!W9@!AW`;O"U`1(`!$FG%4A`#B8%`.D!:/,0DGS@(S+`!?NR
M5P*``C>P5T#P`P`1$"G':$:G`#DP+6&@`C@T=GOA!4PU21S1.T7@`DUU@L>V
M.VC@`290E_818D.P`##3,KK``0-4``LP!#`@`+C&!%%``@B@`T;0!NB0#D-S
M(W@S>6MDCTQ!`'3P")JW,1U#"!T0*E#8<Q>5@AC5_P,,@)$4,`00V7K4T0(]
M(`4'!#M$`@/+<@9M0&5N&0-!0`>=X08"TAMD-``_UU6#B'(OT)*&L'R/\8>T
M10,Y\''F(0)+,'(WM%L#P`%^]3T78`0B0`5#,)S@D3T2@`%+5`9T``7+P7!-
M0"/=)D54"8Y&H@"O,IX^(0EMT`$BL`,S0%"1)@[C`2L7X&V7UA2Y0E=U0B,6
MD#O"=DC.1@%P,`$X4`=/0`4V@'(9,`7==5\0P`"G8#WZT`-H,`&.)$E`&J25
M=`#1&`<"TXW(4Y>$LU7EZ#)/,`,%,`/=(&RTD:+IT@(><'4A("/C(T&P^73Q
MX#"89P3^>&X<HP#,XH3M=O^0.=.F6D`"*`!Q/?<#6^1Z4K`)&'5ZO0&=.[`D
M98`GMBB2:;``D(("OY0SR=8)MG4"JD$<"EB>H.&'I%%$XX1$0N`+7P.?5QEG
MGV`.6QH"9N!%,*`_140"Y30GW88GN2<#>.`&0B`"?$-%5\&@=.&3,P<:YMD!
MHH&AK6(D9GD!!\,.34$QZQ`#B_$%];`%$+``79`B]G$]SO9LAX0`/U`"24!(
M]K4%.8`$"(`3I3D!>3`!+($"+8`"(S!54-68&M`;42"N<1`'81`&41!X**"A
M.4!M=$$$.8!V0-`#47`6TO`AW]B-<B``'@`!4P!"_"<T1.$P3W0^EI<KW#1C
MO&3_;A0`D&FZFT9@D!37*K]Q&LI6%QSF%S!`!4KP3#2341DU`#T0IU@A*3W4
M!15@#`"`!P#@!EB``Q1GE"1``VUZ&HJ578WZ`C^Y7,[!-^@)*()BJ9%CB*Y!
M'=ASE6=7`%>0!FNP!CS``R]0>"0P'5BA9S_P,<(0%2)I-1"0!P,`'12%"3B3
M`QPP9[]P,'*T-Q=0`+Q*EJEQEC*@EDR1,#(0`@6`!C40`O=I`](CG"K`!"@@
M#7]'$:OP:O3B/W(Q$N+:M6<1!5'`!'!P`P%PF!QA`A]A20=0E0S`!+H8`"IP
M-HI[E<!!;=E"`T!``S=JNJ7)8>0*#:@`!-?0`SZ@!2\0_P+'42=[L%)--+&X
M=#DW$A3,86/4(4_!P2R%T`87P+&1MK1G!78T0)2U,`$&LK9Y@1(_VZT[&P`X
M4`(E@`5K$`)N$`))@``JP!8]-P072`0Y`W1"FP&.N`%%VP=\,`S/H0/@H+0Z
M4XKF,7V(DIRT`0<*7!LH$`9Q4`=88`/[`00<)GLI@P5IP&(.D'57X`5A,`('
M4`==@`$$5!JFJ0OEX#,]<D*:XP94X`S3A0`D0@AH)`/K<,/$*S6,0``Z4#PR
MM(7[T3HYT`,X$`6).Z^!![!O0%81X#_T*P40$)@D(`#9@4@W,'&>>P"\DXT=
M<0"XEFNXYB$X00&6=5'AJU39@?\]WA`&V3$!9!R[1/"D9%`%+N`#.8!U&8>6
M]%`Q#WL^EJ.)QEJ;-D86:"##F!5,ZXL%[A/##AI`V'($-(`#E*4!`0`!-+``
M)\,6*I!L^#H``48"%QEIBDO&'\+&/X9N48HE56*_6OF(CP@6/N$8S9%"7`!I
M+>1)C'H&/YP$"P!Q%0<E&N`!25`#'C4#.0`##/D,\EH'55`'7A`'%+<"^O`#
M8,`F6;`_"+`+*8P.Q:HG9=`'5'#-D28':D;#W:8.5W9"FLA-`+`$4B`'7-"5
M9X`!]3<#+J.MJF4?58Q#"J$N=4!M=:$%==`AI(D#DI@=*I`'(5@A&6A)14"D
M:A$;TK#_HA[F!6#2`QAMD;AV0U.<N?5QF5&:(/@*,S/@!2Y0`#QP''#5(SX2
M@%:V1IR%*WO`37Q0!D90`,X(/XE%'KX0(VU@!#6P`(1S@0)4BOTA`::F6E/,
M,400NZAUE7+A,G.($-0&!`A0![''%M=Q'9GP!M5*!49W!%6B"Q'0B&9PUC*T
MI0^T?+-L`2^0!107!0TZ9V?P"]/G-Q,`!PRLUPS<P&97`S4@`?YQ$-DK`%&@
M*FQ1C2-0!%%0!RL6`D9@!$H``=F1!0A``V6MFQ#$30BC:1:0!%X@&V'0H$Y0
M#F6H1G_`!JSJ1CWR!0#@`$@@!5<0`C($4!(0+=ER)7\)!*$Y_W'H(K`!D&I;
MD8*F)`!PP``_U<!QT&#3N(Q<W!%L=P,W),E,@%53:&O<,G'@F#@DR(+7L`!E
M=01'@*^N^[8Y4,<Z("/HL"D.,V,TXG0YTBGN,`9'^!XV70.Z05;W?`?1MR19
MMPP_`&!'\'%=DXJC]@'C76TNDP,(00,*7B]E76H&<02K-`-DH`=<`)&`O00U
ML`3S)P%.,.'T$GZ^\#V[&0R@H5YFTK^@8@!>M``:Y5N1(T,5^@0(,,47?=D+
M4*VN4`/_1&="@.`-#@2&,P0(@`#_`-A@P`-@<)_PE0$?0`9`0&T[(W.9`0!'
MX8D-P#?X/00T4`5R5A@&T``$D)8W\O\>!]H(#E`%)J`#(4"X\35(#]C$7=4\
M,/,$9"#4$E>NSO:O6.H!:%!811P;<)`[$R*-ED15T>@#>9`'.L$$SY9(.8UK
MN(%:I6L6.""./Z`#7=6DU*9LP>$$4Z`#`Z!M6WH()-2:4K-9.2(/#%<Q--(K
MD#!]0ND$3:P`>F!3(0!8H7(!0JD&K<,L^)N*=A#$1^`RB*>OGT[6`C2(4P"!
M],(U^$9GKGQ3JU,0MF5;_ZG+2Q(,/X&KSD'FRF<!^K8#3L#@,!-^>=@!OJX$
M$J&R6Q'J0D!GXVD'^.L?$R[>G/D!4V`#-E"U1H`!=5V(%Y"*,WH"'-#(C(H9
M/U'FB]`9?,#_-_-L:MB")$K)S9P%R#0"`"$0`5D`!%LZH3.T?8(=+='"F1#>
MQ'F^`'5`KO5AV/F`N3H11BV0!;NS.Q[1$146C7.P.R8P`>2Z$M<S`?D@#5BM
MB\5)5D]J$+HP@\H6U;KP?O[.Y@,PVRV6ZJPN8S@<`ZW%`^K+`V=`?Q\0[=N%
M`2QF`:'R0_7G3&I@`^-I#F!I`Z6VK0"-[O>Z526B`U.@!#C(]T;7.E"J`_/^
M`CC%WZNC!SQCZ_>&`6!@`)_F!LA0!BE>!I"`&)`0"09P!D)I7P=2<+`<7V<@
M`1S0=]:5,SD`$R?B[UR09#8P!04`$5T%[!'`+/]^!1@@\/,\SP'!_UU1WCQO
M.P6/*",R`$=$00<1WP%&<`9!;A#A%T-4%E=!4R<A:0$@4`0]$`F`!5\SA`$&
MOUTG`!$R02\IKU-#0*_5S2U1``?IW\:'G@5U7,<9R!%ST/,N<"$>D`6C*=T@
M4L0-#`A9<@A5.4>''`I'6PJ-2(T*6QP13D)"&2\;2UI%(&D.+'Q-00E_":5_
MJ:JKJ@\Q"6,$/$!)7EYU/S49-B=3>GIW&R=:9%<#$,AH:!X4<FBV(%H<5PL>
M6=?8U]8>'F@#55+($.&V7A!RML@_"W55"S:_3O(?:A@['V1I)0L+!?XS3PK,
M\.?O!P\'/'A<H:*C`+\"2FRDF;@FC8V&0/\&]$#`$0$-($!R/)FQ0(>-'RC%
MZ/A`Z8-+(2<D?)BA1`F5FTEL3.'"1<<,,F06D/G!Y84("P``Q(@A(\8#`BPL
M&+D@X<0)-1GLB.C0AH^,,:O\$)#1X(,W`Q4J=.A@A.V%MR)$V+'SXHZ0"!SR
MXLW+X1`0&@@@4$!QXP8#'!08<'-QP$H1%Y!]'$A!^<`<'Y!=^##G(0H.'`S@
MA$$QP4,=!`,&$&F4(Q('1J[Q;HGPZ\X=3!LVB#!SI8Z'`39".``@@T""!Z=8
M*3>UA\!2&4H\B&G10H4*#PAXDM%QR8""(EYTF(@S/DZ<`"-NJ""?QP22!7("
M,"D<IG!A%"C6FX;_$$#%A/\31!$%'`,*&$4+.$31GPGMD%$`/1'58`,$@HPF
M8!8,,)`%@%'\ET4=3WC@0QYY^!"'=>29H*(/:!#B115HF!"&BG&$,8&,/M"8
M13-AJ"#`&T1%\,$)0D@@A!I:9"$`?A/``6`8-LHXV@0PO"'%"2$TT(`,3107
M`QT-5-"&`7;8)H%1!G10`0`$[)%*`C+(L`<+,[@P0P46I)EF!P:D^=9;&UP@
MP@L92%"52RQ%($DBJQ&A$6@J4,<`!&@PEH(5<VCF0Q&4I5"$#Z!N:H4+/0PV
M7Q3<H`%!-%H@L=H66Q@"JR2S4:+'";9E98=N>IIQ@0U59%%%&A8T`$`#_VT&
M@1PJR[TYABL`V.#!`F&0L(``812!0AT0[8#!&544(4<)5`A4`!EOF%`$"63,
M@.@555`P@0#T"H!#O?7640<,\7E`PK\`XVLO@@+B$$8+`12!PQ`0)5%#"1ZT
M<,,(%`SQQAM#6'SQQC`@4P(9"A"!Q`!UR'$=`B)-TE`/)KR!3@]2A`-"S#VD
MIE%\-P1`70MQ4/!&`;\(,84.'@3`0`"&4:`T`THWG1@*45"0!P(\N)%44WN,
M(0,?+$1EQ@88O'"!`6U4P$)28/WQ0)P-V*#,!2&8D8892US``QA@V'W!5$ND
ML<0+5TPQA9$?.*''!WDYL8@"K@X0F!P4Q)&%,O]HS$&9!BE@WNGE&G2>N0L@
MH($TT^6`P.H`KJYFR&N4T$:D;9GH)L);9*\E@A$V>.$"&2&PH"4!>'R57+.F
M0)%`$%U*2^T;6/PP!`1A'*""%S/LD`0-XI9P]QE@9%!`%@>\LT-N9]1`P]$Z
M(QS``0&TW_X!><C!P`CMJ^\^>O?C@`(#%I.01?T>`%()2D`!B8V`"1T"4(`2
M&`4&H,`#5ZC!!>R!`2Z\X4,1G,K>P%"%.`#!"U+(00X>\8B^<&`&.M`!#0*`
M`B8P``8"4`'\!E&2*12@:/.+`@E@P,,>PJ`C,$A,?.J0ABR)HCBQ.%:8^"0H
MKE1`2W%"!5-D4`-K+`#_)2CQAQA^,,`N7@$+-B@!3\;(A:'I8`HG8`E?8"6R
MU$@!!),S'0@LM[DZVE$#+M""%PX0!6>X``URU$)JD$#('$@B`D*Z%:XDD`$,
M!,H`1H@DGR+YEC,T;QDZ"($%SH9$XJD"%@_8`UD*8*>6@;$F*E17$<(@!@$$
MP`-4F,H9,""!&8#O!U,0PK?`L`,@,(!*,"!!#X;ID2$`QB-`*%H4ZB`P',`A
M`"L(@+U(\,"/`($?,/"`"MK'`!),8#XCV!_3F.:TQ$1!!5G@`@9$@(%V<@$(
M64#`.F=G`!Y@@0PM4]43GD`$D8AD!@!U"`)8J`(<9-&7U)D`!&`P!`H8+9KU
M_ZM?$>Z''J8%H`Y8J)H#RF"L8['``0[`4QO:$(*T=)0`8T`%%`#``P3D(0X)
MO`&3$I@A!J!*#AZ0`TYS*H=QP"QF<@2D,C+C@BR88`Y"G:/F[,C440U`#D7P
MSS4@DX7,4,X<(!!'S*20&HX@H0I@!2L90$*&0M"@"A>+3Q:N$(*N:`DL:6L6
M+!(0`P`X0`<N0(`/D#"X#!Q)`DHH@``F4`3Z>4`'@J*+#2+@@B+,@`L9.,,.
M=F`#(%`@#,V@`#<VRXTL>``""*!`$1!0`"`X9`$7@V&D/$.",&1!-4?@@!-T
MP),%Z"]G+4!!`'`@!H'\0`S]>,@":.`!%WS`6Y-M)_\9?O.MJ03*&'%8`(7*
MH5D/>($9D*.`@M2#`X@H80J_18`)\B`Q)HS@:`(8`C\6$)"!"(0D`HA:`*)0
MI06@,(7X]<D=2FJ!/G1M2\)#A2@=P`4%5`$!^H*``!0L#GWU0%\(KD,XG/$,
MTU'.!<6E*F1,$"I0L4H+(-"4#^9`XB(480XF/C&)?="J.JCHQ1RN:E6+JXVB
M%O4:)L!&CK/!XVN4QAJ$S<,/0E#2M`#@`7%=#I*9`@`6P*L`4CB"!-1@*$-E
M@+(EJ`).JV`#$6R`+A+0P0#0$`'N%(JR[/!0ATUPHQF%X;,0\``11O(!@1CB
MP)0*@Q=(T(T!Y&`25IG"9,/_^`,O((9!(SG"/H$`4(`^@0QO=,('SM1.#$`9
M"-^:W>PP0`8OL&,\-NJ1=50`I?M,X)?<HC)@:^(0+TP`/1XX@+6`L,^`^$,-
M2J@S!"PZ@A:D^-<JR(,*/K4$/#W16#%H0DI1$03?M;4-(JC!%6R0DS!F%`Q=
M2(@1^L1$,\1E">"N@;A?0"A+^,(),^``$(A0A9$-DI`C0X(60.R%H2ICWH*$
M-T>J8#-XYT"L50`"4`9.<*``%+\%B`!`GG"$')05K`@FQ!6V72SB*-N3L&!R
M`T*0$!L420UJN$2ER8V)"-8@-W)Y@02FX'%<V:%0*R]7`0YQ!"+T,ZPC5(T(
M$]$7_[S$%MZ.<ASJ5B/;2[R@TNW<@0[(``,RP&H1B'C""8^`.*I7HIUGR$`&
MCGN&,VC:;C4H0&U!8DP:F/WL/$3`<`=PA!G@VLH[4(($=E"`'G@!`6C(P0QB
MJ[C"N40-,^$W`G::*C3H5*=;K<,%VE`L8WTE!LI2!?*:$)4VT"UL[3RZE^,2
MEPOPB=M<,<`%-.&KK^6&Y(4Z@1Y8!PG8.&)D\[8P($\GLD?`ZO6V5X!>]#"%
M.QC*]^W,C6X\WQ:N&!\N72?4#B1@`TQ@X`)/7-,>8H#Q&(@2`&+J`#N7'_*8
M["!VZR3W$NS0SEV-O%!9P83*X[Z2O8N0D#9W%6O232O9,O^"$?".]ZL0*03@
M8WVR,D%_B[(%L04K?,$!?T=I['0&@C([?_(62Z`+8;82B")I,S$3`%5G+K$%
M3D`D$A`V<X<!A2($3D`&B#0)DG85@(<H+C%;'Z`#6'$&N>%Y?%(V%I`6OA,G
M>-`FS/('!,`'#5!Y%_!RZD=NNC%\(M`GOO*`8\-$?3(VWB8H&[!\0E`X)[`7
M>H$7CC``("9'IB-(J%-"!YB%0V()5G$FSO=\]-0G;)@F(S52?.)E9_!ROL=(
MCF0`F\0"7+('#^!)?Z!Q%M`!%[`#6A<3AO("N^)EIH=RBOAE=.%EN>%(E78H
M\N!SD<`XLZ)[LN4$>"$;B>`((M/_3[,!#(BX*^0C@AEPA8NCB2AH@?(@:<!W
M!L[UA$UH!GVB">B7`79A"2%W)%7X`4=2@1Z8%?;P`M\G`7=P`ISH!++U"ZKV
MBQ58.!$@!$?W?&S8!GU@`673-6?#)C&04JLP)WR`?6V06&&C=4<W%[(3%TOH
M@'^R)VW`%2%`BW&Q`2HW!1^@=980C'G!.%R(;_-&2*[!`5<!$U9A"55V&^J'
M`7,!B>[X%K;(A@\(B7;`2`J9%4G8!EUS+$'@AW\H`\>BC0;`3B`8.[8HB`;@
M;2AW`4LX-J+'@)]W`3)(?A(@:6L$*V(X)"VA>@9I%<K(B;""2'J@=;M2>BII
M)(9B*_)P_RLP<21J<)!S)S:@1U)K03;QR$1@4Q=&0B1$TI0PH0>5.(WH6&FR
MLP&ZN)4^622,='1F620^:66W$3N"\A9K438-X!7%$2=]J`I:`X05T`<C.2B8
M@`E:L7D.N(Z<1SM<H8T6P)AC(GJ0>'2$TDCD5A=JQ#BA"`F)@RM:5X3D1Q?J
M")KVN`&S='JDR8B<=X2%Z8@P9QN!LGAF0P#.X9$Q,!9-)B8LZ6U1Z(9\8@$0
M&9&\&7IDPVTIF5BZ^)6(E)S+>)#]1Y23F8PP\90'>1MWV`'S"!=TH8\P`8Q&
MTIG>Z2WKY(;QF(UO&(C:&(^CQY#'"1.VP957D9;-:0=U,Y>CI_]U2(E^1NAE
MH^>(5-B48VF*NT$[-ZB'<@(6QZ$*3,$'7!.(?5*/N5&<9N!M#:J$;-@!_=68
M.!@5:=&83NAMG!>AD>A7RHA(S)B<9:AU#'F$4OAUQ;D;`6J8D(B8#EF6I$EN
M<Y$)8V,V6S*;?CA%'I4GQ0EZ7#%2#%J#1!J(C-=?>#*D;/@UDYEZN=25E]"9
M<[&:66F?G>E(I%>7<*B2L]29:QD[PI<;$9J$BWF#:8$GV;BA5\F2<H&.=T`H
M"HF,,(>B,TB<*7EZSK<#77<&*1F199J=A$)R;#F#36BA3Y04U*<<;0*2++"D
MUMF&QJ<G5GF>\8B-`\J-W!B$6M(UCMG_F(T9`G'X94=79<-(E`_:)X]9EXV)
MC7TP)O'8)T:PABYIB[3CDG\J>D<H.V;@1([7)AX92B`9A)7'>(QG-LBZ2=J(
M)YGJ`)W*-9KJJ18PC[X"-G.8>5GQ91O@H:('G`U*/J^IJFC:F)67DII6EK@J
MJI1JK'GH.UW#-6EJ-E$ADM6J">`J?%I*FIW75HC*H2,IA>^X%D,ZJ;?(JROY
M%G"XC;^Z;#VX!PY+%H\*JJ+:F.194MCXE]D(JFFAD>\*A%JB)1[E47R`@QN:
M%E7IH$M0?K(#CQB:J=PHKQNZ%MDXI/%(9%4IGG!H?&7JDH@:"EP"CL3C"E#0
MJ$I$K(\:"F$"_X3<N$GRR@=E4`9)`;5)$;6=VC5]8*$HZ8!Q(9%[`JJ51YX"
M:Z$C):^A\*@B=955*;",UP=IVK+(ZJX=);4?:RQATC7,V@'>VH9Z>Y5]X`9D
MN[';MA:,B:%FBZR,)WJBAZN@UZIY:"Q=\A4/L)>I(`-T4)M-T&1VFZ9V>[0Z
M&J^:2K;',HZ^,[532[=WJ401*U(WJYAJBZ9D.[?_!:V%&Z_,.KA)RJ$WV*JL
MBH/CJ*B1ZTD/$`1CX`?-01Q;DQ1:TKOC"(1*JZ``X+RRV1QY20``T`2V>9<-
MP+;&IKN"RY@PVZEO&[%H&@K.&R?/JZ%F>ZPX^+$>J[2^TU'$$;_4:_^^I(NY
M\HJ[H'J>N>NZG&JT\UJR&9J\I1L*JINP-CB^[WHUSM&#DXL<:S.L2J2@[QJ$
MS0NR%8RT2=&[]1N_;$*ZCN>Q)+N_S.JN:W*ZQW(USPN$35:U1_NRFTNR,)N'
M^_N^I!LGKX!Q=.`*HS`6((DVQ;$'0;`4SSNUYDL`4+`'3;`438`<TQ<$7R";
M=&"^+/RY[HJTR(+"IJN@<\LFL2";T7LL$'RT0YP4E^O!/=P48V&;YLLE%C?$
M7$.L<%S%9/N^4MO#S]NI'XN\"NPE=86\9:NI<TNLSLLF!$`*"8`'R(&@L,##
M&ZS!&WPU=IP4.Y@4:1PG98Q23)$`T_>PD:S_O'H\Q%++)G$BFTN!!UT2/,AK
M+"H<R$C[OH$,QT8['*%KO,X!!7YXH',U!DQ!O03PP+VL-L_1%*Y0'%[L"KI<
MFP\K2DC<PV4\QB!+Q&-!5W@0S*(4R<31)J/@"LY1FV/1)61\S:.\%&,0"TTA
M`T%PSBC5'$M!`)4;!+U<F_7KO/_%OANYP>L\?5,KM670)M'KL)#G%-Q<NK![
MQ^U[-9#G',K2@P]`!Z*$'+I<S<WAQ5TR%DY!N<XA`\:L+`Y[/-N,9%_A'$^1
MR\V1T+"04CO(S]8[TMS\C2E5F^LLF^4,DC(]TU?3S$1\QCT,OV?<RXG,P+=L
MS,_R%,CQC01@"C$`_P76-P:([`I"_2;+$KE0\"Q!S,1YR2;!\\-L$$I\F`K/
M@@>F<`J+;!RG$+D9YPJGH"Q@P=33YQ2GL`>G@-1'K<GO#-8)``7+\M5JL]!L
M\A3&6[TR_;PRO0=1[-9SE0`\B#QR8LHHY0K*(ILA7=??2%?T6[K03,I-05>R
MJ1Q-P,"PP(>G()M^X!1!;-AL\`I+87T=*5>_NPJ:G,BK`'E\&+P/@-0];=?'
M87V2^R8/VR9N'=7-,7W\+)O*1KTIK<[-8;TK#=)V#;0>V2Q'_`I(1@JFX-JI
M$$K/\HU^R-34M]I?(">D$$I,\11%O0JNL!1_:*!D_28]B-FE4)L.O&Q0$(%Y
MRZ')MNS4+<W`8U"YLTG*R8;,;6)]3LVC?T#;1,V'L>#6>WG$Z[TLR-P$;(#&
M\>T*6?,'(^W3IM#<<H7A&K[A'&[A\_TFJP"T'L[A&.X':3,\))[=U&T*!KK>
HTYW;TXT**.Z1,_[AK`#6*\[BK/"[(WX<(\[:I?#CRA'D0KX<@0``.S\_
`
end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
