We also have a strong product pipeline to help us meet our strategic growth objectives, including several exciting, new products that we plan to introduce this year. Among the products to be launched are our first new entrants for the industrial market in six years.

We remain confident in our growth prospects and have an exciting product line-up, which includes major releases like Xbox 360, SQL Server 2005, Office 12 and Windows Vista.

We are excited that Tom is joining our senior management team. He is a seasoned CFO who brings decades of experience and knowledge in strategic financial leadership. I am confident Tom's background will enable him to guide Tennant on the course to achieving its stated financial and strategic objectives.

DEMO continues to be a successful platform because it is focused on new products -- and who isn't a product geek at heart? DEMO 2006 has launched into the marketplace a stunning and varied collection of compelling business efficiency tools, consumer services, network optimizers, and enabling technologies that are designed to make life and work easier, more enjoyable, richer. This is an exciting moment in our industry, as the DEMO 2006 demonstrators prove: the innovations are first class and investor interest is overwhelming. The technology market is on the rise again.

Product quality has always been our main focus. We rarely lose a customer because our products don't do what we say they will do. We've really developed a loyal following of customers in the U.S. and around the world.

Eliminate numerical quotas, including Management by Objectives.