stable management team, comprised of 
  individuals who have achieved success and 
  have brought their penchant for success 
  with them to Coventry. We have made 
  remarkable financial strides over the past 
  five years and the lion’s share of credit must 
  go to this exemplary management group.

  Acquisitions have also played a major role 
  in our growth and success. We have learned 
  well those particular skills needed to 
  evaluate, acquire, and turnaround under- 
  performing properties to create value for 
  our shareholders. Over the past three years, 
  we have acquired 11 properties, covering

another competitive advantage in that they 
are geographically diverse, so that we’re 
not dependent on the vagaries of one local 
economy for our success. In the same vein, 
we also have a good balance between 
commercial and governmental business. 
And, within our commercial business, 
we are well diversified across industry 
segments and customer size.  

This diversity across markets, products, and 
customers provides a solid foundation for 
growing our business in challenging eco-
nomic times. It also provides the impetus to 
offer a broad spectrum of products, to meet 
local employers’ needs, and broad net-
works that give consumers more choices 
and enhance our versatility.  

It is a basic tenet of business that it takes 
good people to build a good business. That 
has certainly been the case for Coventry. 
We have been blessed with a strong and