We are very pleased to be able to commence certain operations in Rock Hill. The opening of this office enables us to immediately begin to transition certain day-to-day activities as well as to use it as a base from which to launch our local recruiting, hiring and training of new employees.

Service margins declined due to lower sales of upgrades for older legacy systems, higher training and field service activity and a special compensation-related charge. While we are disappointed with the absence of a noticeable improvement in profit margins in 2005, the factors that adversely affected them resulted primarily from deliberate strategic decisions we have made for long-term gain, and we expect to see additional margin improvements going forward.

As we have said before, we believe that our patents are among our most privileged assets, and we intend to take action to protect them when we believe they are being infringed upon.

We are enormously proud to be the first to deliver a truly affordable 3-D printing solution to our customers, one that will no doubt go a long way towards improving our customer's bottom line.

We're not building a future for a few years, we're building for a lifetime.

Not only will we benefit from a steady stream of highly trained, intelligent graduates, but our customers and the community will benefit. It's a win-win-win.