RPS Composites was acquired by Zynik Capital in January 2012. Zynik has retained the entire management team and has left us to take care of the"nuts and bolts" of the business. We have been most impressed by Zynik's focus on the long term profitability and sustainability of the Company. Under the leadership of Zynik's Chairman, Iqbal Kassam, management, for the first time in years, is looking beyond tomorrow, next week and next month. Iqbal has lead several strategy sessions for senior management over the past year that have resulted in a new business model and strategic plan for the Company. This whole process, and Iqbal's enlightened approach to business, has re-energized the Company. We look forward to continuing to work with the Zynik team to strengthen and grow our business.