Over the past two years, New Jersey American Water has taken aggressive steps to control our operating and maintenance expenses while being on the forefront of water treatment and technology. We have also invested millions of dollars in our infrastructure and treatment plants, including the installation of the State's largest ground mounted solar system to reduce our energy costs.

We are so proud to be the first water utility in New Jersey to offer our customers this kind of assistance. As the largest water utility in the state, it is important that we set the standard for corporate responsibility.

We have taken immediate steps to reduce and control our expenses while ensuring that we have sufficient human and capital resources in place to appropriately support our current corporate objectives. We no longer see a need to establish a commercial infrastructure in the near-term, therefore we are adjusting our cost structure to appropriately reflect the stages of our clinical and pre-clinical development programs.

Over the past twelve months, we have taken aggressive steps to position theglobe.com for a turnaround or business combination dependant on a rebound in the online advertising sector, but the sector remains severely depressed and there are few signs of a rebound in the near-term,

She has taken as many as 12 steps before crashing.

Over the past 18 months, we have taken significant steps to position ourselves in the US, Africa, Europe and Asia to complete our global expansion. We will now focus on developing recent acquisitions and joint ventures.