Management commentary from Q2......
Management is encouraged by improvements in the First Half of 2010 but, based on the slowing trend in the Second Quarter, believes that at best a modest economic turnaround is taking place. We also anticipate the traditional Third Quarter slowdown in our industry, pushing a more vigorous upturn into the later part of the year.
We are, however, optimistic regarding the outlook for material assistance in sales opportunities in the Far East stemming from our new investor, CML. With their assistance, we have engaged a Consulting firm in China, have already established a Chinese language website there, and initiated the beginnings of a sales office there, as well. Our primary product, photo-voltaic (PV) MOSFET-Drivers are becoming increasingly popular in China, as well as domestically. In addition, we are also looking forward to other growth opportunities that may be provided through the assistance of our new investor and, needless to say, their injection of working capital late in 2009 provides us with increased means of pursuing growth in a variety of directions. Our focus is now on the future.
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