PPT Slide

Annual Meeting of Shareholders

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IN 2002, AS IN THE PAST FEW YEARS, WE FOUND OURSELVES OPERATING IN A DIFFICULT ECONOMIC AND POLITICAL ENVIRONMENT – A SETTING NOT PARTICULARLY CONDUCIVE TO GROWTH. OUR SALES FOR 2002 WERE VERY RESPECTABLE, COMPARED TO OUR PEERS, SHOWING A DECLINE OF 1.4 PERCENT, TO $1.256 BILLION. I AM PROUD OF OUR EMPLOYEES WHO PERSEVERED AND CHALLENGED THEMSELVES TO ACHIEVE RESULTS.

HERE ARE A FEW OF THE HIGHLIGHTS: