We?re pleased to record our first major win with a South African government agency, and to do it with a channel partner. This further confirms our belief that optimum performance, regulatory compliance and corporate governance are pivotal concerns for organizations around the world, not just in the U.S.

These engagements involve different priorities in very different business environments, yet they all reflect the need for technology and processes that help enterprises cope with rising volumes of content and formats in the face of compliance regulations, business needs and legal mandates. We?re pleased with our recent progress and excited to go forward in 2006 with this wide range of projects, which create further business momentum and solid references for additional prospects.

We're honored to be recognized for the second consecutive year by Lotus Advisor Magazine for our technology development work and commitment to the Lotus community. This award acknowledges the importance of issues related to compliance and corporate governance for enterprises in every sector, and we believe our offerings constitute the best technology and services on the market.

E-mail management is a key factor in compliance and corporate governance procedures, and a potential landmine in legal discovery initiatives. That's why it shouldn't be seen as a secondary function with niche technology, but as a core component of records compliance management.

Enterprise 9.0 - Compliance Edition spans both worlds. It enables our customers not only to meet their regulatory compliance and corporate governance requirements, but also enhance internal controls, implement best practices and improve business efficiency.

The relationship between Sun Microsystems and AXS-One offered the opportunity to set higher standards for functionality and effectiveness in compliance records management, and we continue to meet and surpass those standards. For the past year we've been working together not only on delivering functionality that's important for today's market, but on interesting client engagements around the world. These enhancements prove that we're still raising the bar in this dynamic field, and we look forward to working with Sun to deliver top-level technology and services with the best TCO for many years to come.