The pace of change in publishing is accelerating, and change will benefit us all by expanding choice and increasing convenience and customization in how we access and use information.

Courier is prepared and extremely optimistic. The business ventures we launched in the 1990s have given us not only a strong presence in markets with potential for dynamic growth but opportunities to learn how to market, sell, and deliver to end users in specialized niches. They've prompted us to develop competencies in customized publishing, direct marketing, and e-commerce.

Combining these new competencies with our core operations in book manufacturing, Courier now has the ability to add value to the entire publishing process. We can take books and other intellectual properties from creation of content, through production of the physical product, to delivery to the user.

We started the last decade of the 20th Century as a book manufacturer. We start the first decade of the 21st century as much more. In the days ahead we will continue to build value for Courier stockholders in bold new ways.