We must close underperforming, low-volume stores that are draining resources of the company.

We must close underperforming, low-volume stores that are draining resources of the company. We will be vigilant with costs and improve performance in a very sustainable way.

Sales results were good in many low-margin, non-wireless categories; however, we experienced lower sales in high-margin categories. In addition, wireless sales and profits were below our expectations.

2005 was a very, very troubled year. We must move in a more bold, aggressive manner and with a greater degree of urgency.

We are not going to be an independent product company; we are not going to develop our own end-product sales channel. We don't develop IP or apply for patents.

Either we'll succeed and have a well-financed development and operations company, or we'll put Frontier in mothballs, and revisit it next year. So the stakes are high for us.