Shareholder letter from website:
Dear Shareholders,
Happy New Year!
During my first six weeks as CEO, I discussed with some of you your initial motivation in taking a position in MFIC. Like many of you, I too was drawn to MFIC because I believe the Company has a real opportunity for substantial global growth. With the implementation of aggressive global strategies, I feel we can capitalize on the Company's innovative products and technologies for our customers, employees and shareholders.
I have begun working on a strategic plan with Company management, customers and influential global experts. I look forward to sharing some of the elements of this plan with you later in 2008 and during a shareholder conference call that we intend to schedule in March to coincide with the reporting of our fourth quarter and year-end ’07 financial results.
My focus in 2008 will be on growth and making investments in some key areas:
• Domestic sales coverage
• Transition from an export to global business in Asia Pacific and Europe
• Marketing
• Operations and quality
• New business initiatives, including Microfluidics Reaction Technology and others
• Culture – Passionately focus all energy and decision making around the customer, innovation and growing the enterprise
Thank you for you continued support. I look forward to communicating MFIC's progress throughout 2008.
Sincerely,
Michael C. Ferrara
CEO
Send stock manipulators to: enforcement@sec.gov-and to jail.
