1. Quarter 4 WORLDWIDE EXPORTS

2.  Electronic Division  CD Division  Electronic Instruments Division QUARTERLY UPDATE

3. The Executive Team met earlier this month to discuss the company’s status and vision for the future. Jim Olson updates us in this month’s newsletter. EXECUTIVES’ VISION

4. Opportunities  Pent-up demand  Lower Tariffs  Lower interest rates Challenges  Increasing competition  Higher freight codes  Materials shortages MARKET CONDITIONS

5.  High Customer Satisfaction  Fewer complaints  Increased number of referrals  Introductions of New Technologies  Increase Sales Worldwide  Imported Electronic Instrument Division Launched OVERALL STATUS

6.  Primary Goal = Become Worldwide Leader ELECTRONIC DIVISION

7.  Record Earnings  Revenues increased 54%  International sales heading sales growth  Revenues per employee to exceed $150K  Rising Competition  Emerging Markets Yield Biggest Payoff  New Products Show Promising Sales ELECTRONIC DIVISION STATUS

8.  Primary Goal = Increase Gross Margin ELECTRONIC INSTRUMENT DIVISION

9.  Gross Margin up by 4%  Ten New Products This Year CD DIVISION STATUS

10. KEY ISSUES

11.  Berlin  Buenos Aires  Nairobi  New York  Tokyo WORLDWIDE SERVICES