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  <B><P ALIGN="CENTER">UNITED STATES<BR>
  SECURITIES AND EXCHANGE COMMISSION<BR>
  Washington, D.C.&nbsp;&nbsp;20549<BR>
  <BR>
  </P>
  <P ALIGN="CENTER"><BR>
  <FONT SIZE=5>FORM 8-K</FONT><BR>
  <BR>
  CURRENT REPORT <BR>
  Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934<BR>
  <BR>
  </P>
  </B>
  <P ALIGN="CENTER">Date of report (Date of earliest event reported) <B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;March 24, 2005&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B><BR>
  </P>
  </U><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">&nbsp;</P>
  <B><U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JUNO LIGHTING, INC.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>
  </B></U>(Exact name of registrant as specified in its charter)<BR>
  </P>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=713>
  <TR><TD WIDTH="32%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Delaware&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></U></TD>
  <TD WIDTH="5%" VALIGN="TOP">
  <B><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;</B></TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0-11631&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></U></TD>
  <TD WIDTH="5%" VALIGN="TOP">
  <B><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;</B></TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36-2852993&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></U></TD>
  </TR>
  <TR><TD WIDTH="32%" VALIGN="TOP">
  <P ALIGN="CENTER">(State or other jurisdiction<BR>
  of incorporation)</TD>
  <TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <P ALIGN="CENTER">(Commission<BR>
  File Number)</TD>
  <TD WIDTH="5%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="30%" VALIGN="TOP">
  <P ALIGN="CENTER">(IRS Employer<BR>
  Identification Number)</TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <FONT SIZE=2></FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=712>
  <TR><TD WIDTH="67%" VALIGN="TOP">
  <B><P ALIGN="CENTER">&nbsp;</B></TD>
  <TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="29%" VALIGN="TOP">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="67%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300 S. Wolf Road P.O. Box 5065, Des Plaines  Illinois&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></U></TD>
  <TD WIDTH="4%" VALIGN="TOP">
  <B><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;</B></TD>
  <TD WIDTH="29%" VALIGN="TOP">
  <B><U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60017-5065&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</B></U></TD>
  </TR>
  <TR><TD WIDTH="67%" VALIGN="TOP">
  <P ALIGN="CENTER">(Address of Principal Executive Offices)</TD>
  <TD WIDTH="4%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="29%" VALIGN="TOP">
  <P ALIGN="CENTER">(Zip Code)</TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  
  <P ALIGN="CENTER">Registrant's Telephone Number, including area code&nbsp;&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;<B>(847) 827-9880&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>
  </B></U><FONT SIZE=2><P><BR>
  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):<BR>
  <BR>
  [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<BR>
  <BR>
  [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<BR>
  <BR>
  [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (14 CFR 240.14d-2(b))<BR>
  <BR>
  [&nbsp;&nbsp;]&nbsp;&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-a(c) under the Exchange Act (17 CFR 240.13e-4(c))<BR>
  </P>
  </FONT><P ALIGN="RIGHT">Page 1</P>
  <P ALIGN="CENTER"><HR ALIGN="LEFT" SIZE=1></P>
  <FONT SIZE=2>
  </FONT><P>&nbsp;</P>
  <TABLE CELLSPACING=0 BORDER=0 WIDTH=683>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>
  <B><U><P>Item 2.02</B></U></TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">
  <B><U><P>Other Events and Required FD DisclosureResults of Operations and Financial Condition.</B></U></TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">
  <P>On March 24, 2005, Juno Lighting, Inc. issued a press release announcing financial results for the quarter ended February 28, 2005.  A copy of this press release is attached hereto as Exhibit 99.1.  This information, including exhibits attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section.  This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act") or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>
  <B><U><P>Item 7.01</B></U></TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">
  <B><U><P>Regulation FD Disclosure.</B></U></TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">
  <P>On March 24, 2005, Juno Lighting, Inc. issued a press release announcing financial results for the quarter ended February 28, 2005.  A copy of this press release is attached hereto as Exhibit 99.1.  This information, including exhibits attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section.  This information shall not be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.</TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>
  <B><U><P>Item 9</B></U></TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">
  <B><U><P>Financial Statements, Pro Forma Financial Information and Exhibits.</B></U></TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>&nbsp;</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="19%" VALIGN="TOP" COLSPAN=3>
  
  <P>&nbsp;</P>
  <P>&nbsp;</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">
  <P>The following exhibits are being furnished as part of this Form 8-K:</TD>
  </TR>
  <TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=19><P></P></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=19><P></P></TD>
  <TD WIDTH="16%" VALIGN="TOP" HEIGHT=19><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=19><P></P></TD>
  <TD WIDTH="79%" VALIGN="TOP" HEIGHT=19><P></P></TD>
  </TR>
  <TR><TD WIDTH="2%" VALIGN="TOP" HEIGHT=27>
  <B><P ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;</B></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=27><P></P></TD>
  <TD WIDTH="16%" VALIGN="TOP" HEIGHT=27>
  <U><P ALIGN="JUSTIFY">Exhibit Number</U></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=27><P></P></TD>
  <TD WIDTH="79%" VALIGN="TOP" HEIGHT=27>
  <U><P>Description</U></TD>
  </TR>
  <TR><TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="1%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="16%" VALIGN="TOP">
  <P ALIGN="JUSTIFY">Exhibit 99.1</TD>
  <TD WIDTH="3%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="79%" VALIGN="TOP">
  <P>Press Release issued by Juno Lighting, Inc. dated March 24, 2005, announcing the results for the quarter ended February 28, 2005.</TD>
  </TR>
  </TABLE>
  
  <P ALIGN="RIGHT">Page 2</P>
  <P ALIGN="RIGHT"><HR ALIGN="RIGHT" SIZE=1></P>
  <P ALIGN="RIGHT"></P>
  <P ALIGN="RIGHT"><BR>
  SIGNATURES</P>
  
  <P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>
  <FONT FACE="Baskerville Old Face" SIZE=2></FONT>
  <TABLE CELLSPACING=0 BORDER=0 WIDTH=650 ALIGN="LEFT" HSPACE=12>
  <TR><TD WIDTH="32%" VALIGN="TOP">
  <FONT SIZE=2><P>DATE&nbsp;<U>March 24, 2005</U> </FONT></TD>
  <TD WIDTH="6%" VALIGN="TOP">
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;</FONT></TD>
  <TD WIDTH="61%" VALIGN="TOP">
  <FONT SIZE=2><P>BY&nbsp;<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ George J. Bilek&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></FONT></TD>
  </TR>
  <TR><TD WIDTH="32%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="6%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="61%" VALIGN="TOP">
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;George J. Bilek</FONT></TD>
  </TR>
  <TR><TD WIDTH="32%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="6%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="61%" VALIGN="TOP">
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Executive Vice President and Chief Financial Officer</FONT></TD>
  </TR>
  </TABLE>
  
  <P ALIGN="RIGHT"></P>
  <FONT FACE="Baskerville Old Face" SIZE=2><P>&nbsp;</P>
  <P>&nbsp;</P>
  </FONT><P ALIGN="RIGHT">Page 3</P>
  <FONT FACE="Baskerville Old Face" SIZE=2><P><HR ALIGN="RIGHT" SIZE=1></P>
  
  <P>&nbsp;</P>
  </FONT><P ALIGN="RIGHT">JUNO LIGHTING, INC.</P>
  <FONT SIZE=3><P ALIGN="CENTER"><BR>
  <B>EXHIBIT INDEX</P>
  </B></FONT><P ALIGN="CENTER"></P>
  <P ALIGN="CENTER">&nbsp;</P>
  <TABLE CELLSPACING=0 BORDER=0 WIDTH=611>
  <TR><TD WIDTH="14%" VALIGN="TOP">
  <B><U><P>Exhibit No.</B></U></TD>
  <TD WIDTH="2%" VALIGN="TOP">
  <B><P>&nbsp;</B></TD>
  <TD WIDTH="84%" VALIGN="TOP">
  <B><U><P>Description</B></U></TD>
  </TR>
  <TR><TD WIDTH="14%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="84%" VALIGN="TOP">&nbsp;</TD>
  </TR>
  <TR><TD WIDTH="14%" VALIGN="TOP">
  <P>99.1</TD>
  <TD WIDTH="2%" VALIGN="TOP">&nbsp;</TD>
  <TD WIDTH="84%" VALIGN="TOP">
  <P>Press Release issued by Juno Lighting, Inc. dated March 24, 2005, announcing the results for the quarter ended February 28, 2005.</TD>
  </TR>
  </TABLE>
  
  <FONT SIZE=3><P ALIGN="RIGHT"></P>
  <P ALIGN="RIGHT">&nbsp;</P>
  </FONT><P ALIGN="RIGHT">Page 4</P>
  <FONT SIZE=3><P ALIGN="RIGHT"><HR ALIGN="LEFT" SIZE=1></P>
  <P ALIGN="RIGHT"></P>
  </FONT><B><P ALIGN="RIGHT">Exhibit 99.1</P>
  </B><FONT SIZE=3>
  <B><P>FOR IMMEDIATE RELEASE</P>
  <P ALIGN="RIGHT">Contact:&nbsp;&nbsp;George Bilek<BR>
  847-827-9880</P>
  <U>
  </U><P ALIGN="CENTER">JUNO LIGHTING, INC.<BR>
  ANNOUNCES RECORD FIRST QUARTER RESULTS</P>
  </B><P><BR>
  Des Plaines, IL, March 24, 2005... Juno Lighting, Inc. (NASDAQ-JUNO) announced that for the quarter ended February 28, 2005 sales increased 19.5% to $60,814,000 compared to first quarter 2004 sales of $50,891,000 as the Company achieved solid growth in all end markets. Operating income for the first quarter of 2005 increased 26.7% to $11,515,000 compared to $9,086,000 for the prior year's first quarter. Net income available to common shareholders for the first quarter of 2005 was approximately $1,481,000, after taking into account $622,000 ($390,000 net of income taxes) for foreign currency translation loss ($0.53 per common share on a basic and $0.48 on a diluted basis), compared to net income available to common shareholders of $493,000 ($0.19 per common share on a basic and diluted basis) for the like period in 2004.<BR>
  <BR>
  Commenting on the first quarter results President and CEO Tracy Bilbrough said "This quarter's strong performance gives us seven consecutive quarters of double-digit organic sales growth. Despite much higher raw material costs vs. the first quarter of 2004, we were able to leverage our sales growth into a substantial increase in our operating earnings."<BR>
  </FONT><FONT SIZE=3><BR>
  The Company will conduct a conference call on March 24, 2005 at 3:30 p.m. Central Standard Time.  Those interested may listen to the call by dialing 888-459-8438, pass code "JUNO" and leader "George Bilek".  A replay of the conference call will be available from 6:00 PM (Central) March 24, 2005 to 6:00 PM March 31, 2005 by dialing (800) 873-2117 (U.S.) and (402) 220-5071 (Int'l), pass code 54321.<BR>
  <BR>
  Juno Lighting, Inc. is a leader in the design, manufacturing, and marketing of lighting fixtures for commercial and residential use. This press release contains various forward-looking statements that are not statements of historical events.  Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated, indicated or expected.  Such risks and uncertainties include:  economic conditions generally, levels of construction and remodeling activities, our ability to improve manufacturing efficiencies, disruptions in manufacturing or distribution, product and price competition, raw material prices, our ability to develop and successfully introduce new products, consumer acceptance of such new products, the ability of our new products to perform as designed when utilized by consumers, technology changes, patent issues, exchange rate fluctuations, and other risks and uncertainties.  Juno undertakes no obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.</P>
  </FONT><FONT SIZE=2><P><HR ALIGN="RIGHT" SIZE=1></P>
  </FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=690>
  <TR><TD VALIGN="TOP" COLSPAN=15 HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">JUNO LIGHTING, INC. AND SUBSIDIARIES</B></FONT></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=15 HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=15 HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">CONDENSED CONSOLIDATED STATEMENTS OF INCOME</B></FONT></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=15 HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="41%" VALIGN="TOP" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="59%" VALIGN="TOP" COLSPAN=14 HEIGHT=14>
  <I><FONT SIZE=2><P ALIGN="RIGHT">(in thousands except for share amounts)</I></FONT></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="20%" VALIGN="TOP" COLSPAN=4 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="23%" VALIGN="TOP" COLSPAN=4 HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">Three Months Ended</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">Feb. 28,</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">Feb. 29,</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">2005</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">2004</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Net sales</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">60,814</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">50,891</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Cost of sales</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">30,547</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">25,540</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Gross profit</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">30,267</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">25,351</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Selling, general and administrative expenses</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">18,752</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">16,265</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Operating income</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">11,515</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">9,086</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Other income (expense):</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Interest expense</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(3,203</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(3,630</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Interest and dividend income</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">5</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Unrealized gain (loss) on interest rate swap</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">110</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Loss on foreign currency translation</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(622</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Miscellaneous</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">34</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total other (expense)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(3,818</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(3,481</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P ALIGN="CENTER">Income before taxes on income</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">7,697</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">5,605</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Taxes on income</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,876</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,075</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Net income</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4,821</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,530</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Less: preferred stockholder participation rights</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,340</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,037</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Net income available to common shareholders</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">1,481</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">493</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Net income per common share (A)</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Basic</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">.53</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">.19</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Diluted</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">.48</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">.19</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>Average number of outstanding shares</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Basic</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,804,111</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,600,264</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Diluted</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,076,129</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,632,152</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="42%" VALIGN="TOP" COLSPAN=2 HEIGHT=14>
  <B><FONT SIZE=2><P>EBITDA (B)</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">12,443</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">10,460</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <FONT SIZE=2></FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=704>
  <TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=52>
  <FONT SIZE=1><P ALIGN="RIGHT">(A</FONT></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=52>
  <FONT SIZE=1><P>)</FONT></TD>
  <TD WIDTH="94%" VALIGN="TOP" HEIGHT=52>
  <FONT SIZE=1><P>Net Income per common share is reported in compliance with EITF 03-06, effective for quarters ending after June 30, 2004, which resulted in no restatement for the quarter ended February 29, 2004.</FONT></TD>
  </TR>
  <TR><TD WIDTH="4%" VALIGN="TOP" HEIGHT=168>
  <FONT SIZE=1><P ALIGN="RIGHT">(B</FONT></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=168>
  <FONT SIZE=1><P>)</FONT></TD>
  <TD WIDTH="94%" VALIGN="TOP" HEIGHT=168>
  <FONT SIZE=1><P>EBITDA represents earnings before (a) taxes on income, (b) interest expense, (c) interest, dividend, and other miscellaneous income, (d) depreciation and amortization, (e) deferred compensation and (f) other non-cash charges.  EBITDA is not a calculation prepared in accordance with generally accepted accounting principles and, because all companies do not calculate EBITDA identically, the presentation of EBITDA herein is not necessarily comparable to similarly entitled measures of other companies.  The reconciliation of EBITDA is set forth in the table below.  Additionally, EBITDA is not intended to represent and should not be considered more meaningful than, or an alternative to, measures of operating performance as determined in accordance with generally accepted accounting principles.  However, EBITDA data are included because management understands that such information is considered by certain investors as an additional basis on which to evaluate Juno's ability to pay interest, repay debt and make capital expenditures. We also use EBITDA as an integral part of internal reporting to evaluate management team performance and to monitor compliance with certain financial covenants in our credit agreements.</FONT></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <FONT SIZE=2><P><HR ALIGN="RIGHT" SIZE=1></P>
  </FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=692>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>EBITDA reconciliation (unaudited)</B></FONT></TD>
  <TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="24%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="22%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="24%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">Three Months Ended</B></FONT></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=7><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=7><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=7><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=7><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=7><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=7><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=7><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=7><P></P></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=7><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=14>
  <I><FONT SIZE=2><P>(In thousands)</I></FONT></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">Feb. 28,</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">Feb. 29,</B></FONT></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">2005</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">2004</B></FONT></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Net income</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4,821</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,530</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Add back (subtract):</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Income taxes</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,876</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,075</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Interest expense </FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,203</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,630</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Unrealized gain on interest rate swap</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(110</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Loss on foreign currency translation</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">622</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Interest, royalty and miscellaneous income</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(7</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(39</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Depreciation and amortization</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">916</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">1,374</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="55%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>Deferred compensation and other non-cash charges</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">12</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>EBITDA</FONT></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">12,443</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">10,460</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="51%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="10%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="11%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <FONT FACE="Courier" SIZE=2><P><HR ALIGN="RIGHT" SIZE=1></P>
  
  <P>&nbsp;</P>
  </FONT><FONT SIZE=3><P>&nbsp;</P></FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=706>
  <TR><TD VALIGN="TOP" COLSPAN=10 HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">JUNO LIGHTING, INC. AND SUBSIDIARIES</B></FONT></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=10 HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=10 HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">CONDENSED CONSOLIDATED BALANCE SHEETS</B></FONT></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=10 HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="63%" VALIGN="TOP" COLSPAN=3 HEIGHT=14><P></P></TD>
  <TD WIDTH="37%" VALIGN="TOP" COLSPAN=7 HEIGHT=14>
  <I><FONT SIZE=2><P ALIGN="CENTER">(in thousands)</I></FONT></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">Feb. 28,</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">November 30,</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">2005</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="CENTER">2004</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="TOP" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(Unaudited)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(Unaudited)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><U><FONT SIZE=2><P>Assets</B></U></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Current assets:</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cash</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">471</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,362</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accounts receivable, less customer allowances of $985</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;and $1,060</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">43,094</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">42,350</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Inventories</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">30,869</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">27,049</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prepaid expenses and other current assets</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4,115</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4,161</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <I><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</I><B>Total current assets</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">78,549</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">75,922</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Property and equipment, net</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">40,014</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">40,202</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Goodwill</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">18,468</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">18,690</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Intangibles, net of accumulated amortization of $2,044</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;and $1,796</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4,905</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">5,125</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Other assets</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">1,354</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">419</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Total assets</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">143,290</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">140,358</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><U><FONT SIZE=2><P>Liabilities and stockholders' deficit</B></U></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Current liabilities:</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Accounts payable</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">18,126</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">17,019</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Accrued liabilities</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">12,423</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">16,420</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Short term borrowings</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4,700</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">2,500</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Current maturities of long-term debt</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">1,650</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">1,650</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Total current liabilities</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">36,899</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">37,589</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Long-term debt, less current maturities</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">193,025</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">194,438</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Deferred income taxes payable</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3,637</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">4,027</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P ALIGN="JUSTIFY">Preferred dividend payable</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">9,642</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">6,428</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Commitments and contingencies</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Redeemable preferred stock, series A and B convertible $.001</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;par value; $100 stated value; 5,000,000 shares</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;authorized and 1,063,500 shares issued, stated at redemption value</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">116,876</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">116,876</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Stockholders' deficit</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;Common stock, $.001 par value;</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares authorized 45,000,000;</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Issued 2,810,791 and 2,800,691</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">3</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;Paid-in capital</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">1,592</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">1,305</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;Accumulated other comprehensive income</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">877</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">560</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;Stockholder note receivable</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(200</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(200</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>&nbsp;&nbsp;Accumulated deficit</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(219,061</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(220,668</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>&nbsp;&nbsp;Total stockholders' deficit</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(216,789</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(219,000</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=14>
  <B><FONT SIZE=2><P>Total liabilities, redeemable preferred stock and stockholders' deficit</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">143,290</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">140,358</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="59%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <FONT SIZE=3><P><HR ALIGN="RIGHT" SIZE=1></P>
  
  <B><P>&nbsp;</P></B></FONT>
  <P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 WIDTH=666>
  <TR><TD VALIGN="TOP" COLSPAN=16 HEIGHT=18>
  <B><FONT SIZE=2><P ALIGN="CENTER">JUNO LIGHTING, INC. AND SUBSIDIARIES</B></FONT></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=16 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=16 HEIGHT=13>
  <B><FONT SIZE=2><P ALIGN="CENTER">CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></FONT></TD>
  </TR>
  <TR><TD VALIGN="TOP" COLSPAN=16 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="0%" VALIGN="TOP" HEIGHT=13><P></P></TD>
  <TD WIDTH="30%" VALIGN="TOP" COLSPAN=14 HEIGHT=13>
  <I><FONT SIZE=2><P ALIGN="CENTER">(in thousands)</I></FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="0%" VALIGN="TOP" HEIGHT=13><P></P></TD>
  <TD WIDTH="30%" VALIGN="TOP" COLSPAN=14 HEIGHT=13>
  <B><FONT SIZE=2><P ALIGN="CENTER">Three Months Ended</B></FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="0%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="30%" VALIGN="TOP" COLSPAN=14 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="0%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="CENTER">&nbsp;</FONT></TD>
  <TD WIDTH="12%" VALIGN="TOP" COLSPAN=5 HEIGHT=13>
  <B><FONT SIZE=2><P ALIGN="CENTER">Feb 28,</B></FONT></TD>
  <TD WIDTH="1%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="CENTER">&nbsp;</FONT></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="CENTER">&nbsp;</FONT></TD>
  <TD WIDTH="13%" VALIGN="TOP" COLSPAN=5 HEIGHT=13>
  <B><FONT SIZE=2><P ALIGN="CENTER">Feb.29,</B></FONT></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="CENTER">&nbsp;</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="0%" VALIGN="TOP" HEIGHT=13>
  <B><FONT SIZE=2><P ALIGN="CENTER">&nbsp;</B></FONT></TD>
  <TD WIDTH="12%" VALIGN="TOP" COLSPAN=5 HEIGHT=13>
  <B><FONT SIZE=2><P ALIGN="CENTER">2005</B></FONT></TD>
  <TD WIDTH="1%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="CENTER">&nbsp;</FONT></TD>
  <TD WIDTH="2%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="CENTER">&nbsp;</FONT></TD>
  <TD WIDTH="13%" VALIGN="TOP" COLSPAN=5 HEIGHT=13>
  <B><FONT SIZE=2><P ALIGN="CENTER">2004</B></FONT></TD>
  <TD WIDTH="1%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="CENTER">&nbsp;</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="0%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="13%" VALIGN="TOP" COLSPAN=5 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" BGCOLOR="#ffffff" HEIGHT=13>
  <B><FONT SIZE=2><P>Cash flows provided by operating activities:</B></FONT></TD>
  <TD WIDTH="0%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="12%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="13%" VALIGN="TOP" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  </TR>
  <TR><TD WIDTH="74%" VALIGN="TOP" COLSPAN=4 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>Net income </FONT></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="6%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">4,821</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=6 HEIGHT=13><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="6%" VALIGN="TOP" BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">3,530</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="73%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P>Adjustments to reconcile net income to net cash provided by operating activities:</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Depreciation and amortization</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">1,117</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">1,373</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unrealized loss (gain) on interest rate swap</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(110</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred income taxes</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(16</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(223</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Deferred compensation</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">12</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interest expense</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(27</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tax benefit on stock options exercised</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">71</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Changes in operating assets and liabilities:</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in accounts receivable</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(889</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">2,141</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) in inventories</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(3,973</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(2,090</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Increase) decrease in prepaid expenses and other current assets</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(681</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">705</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Decrease (increase) in other assets</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">233</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(423</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Decrease) in accounts payable and accrued liabilities</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(2,810</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(3,512</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=15>
  <B><FONT SIZE=2><P>Net cash (used in) provided by operating activities</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">(2,142</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=15>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=15><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">1,391</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=15><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <B><FONT SIZE=2><P>Cash flows used in investing activities:</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Capital expenditures</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(780</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(461</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=1><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P>Cash used in investing activities</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(780</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=14><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">(461</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=14>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=14>
  <B><FONT SIZE=2><P>Cash flows provided by (used in) financing activities:</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=14>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=14><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=14><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=14><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=14><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Principal payments on long-term debt, including the revolver and bank debt</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(20,327</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(19,079</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Proceeds from bank debt, including the revolver</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">21,200</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">16,800</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Debt refinancing costs</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(29</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Proceeds from exercise of stock options</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">204</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">547</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=15>
  <B><FONT SIZE=2><P>Net cash provided by (used in) financing activities</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">1,048</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=15><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">(1,732</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <B><FONT SIZE=2><P>Effect of exchange rate changes on cash</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(17</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">-</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <B><FONT SIZE=2><P>Net decrease in cash</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(1,891</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">(802</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>)</FONT></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=15>
  <B><FONT SIZE=2><P>Cash at beginning of period</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=15>
  <B><FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</B></FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">2,362</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=15><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">1,702</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=15><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="BOTTOM" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="74%" VALIGN="BOTTOM" COLSPAN=4 HEIGHT=15>
  <B><FONT SIZE=2><P>Cash at end of period</B></FONT></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="6%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">471</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=6 BGCOLOR="#ffffff" HEIGHT=15><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="6%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=15>
  <FONT SIZE=2><P ALIGN="RIGHT">900</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=15><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=1><P></P></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=5 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#000000" HEIGHT=1><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=1><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <B><FONT SIZE=2><P>Supplemental disclosures of cash flow information:</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <B><FONT SIZE=2><P>&nbsp;</B></FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P>Cash paid during the period for:</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="8%" VALIGN="TOP" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="74%" VALIGN="TOP" COLSPAN=4 HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Interest</FONT></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="6%" VALIGN="BOTTOM" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">3,244</FONT></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=6 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="2%" VALIGN="BOTTOM" BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">$</FONT></TD>
  <TD WIDTH="6%" VALIGN="TOP" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">7,341</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 HEIGHT=13><P></P></TD>
  </TR>
  <TR><TD WIDTH="70%" VALIGN="TOP" BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P>&nbsp;&nbsp;&nbsp;Income taxes</FONT></TD>
  <TD WIDTH="3%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">&nbsp;</FONT></TD>
  <TD WIDTH="9%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">573</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="7%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  <TD WIDTH="8%" VALIGN="BOTTOM" COLSPAN=3 BGCOLOR="#ffffff" HEIGHT=13>
  <FONT SIZE=2><P ALIGN="RIGHT">158</FONT></TD>
  <TD WIDTH="1%" VALIGN="BOTTOM" COLSPAN=2 BGCOLOR="#ffffff" HEIGHT=13><P></P></TD>
  </TR>
  </TABLE>
  </CENTER></P>
  
  <B><FONT SIZE=3>
  </B><P><HR ALIGN="RIGHT" SIZE=1></P></FONT></BODY>
  </HTML>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "form8k2005q1.htm", "description": "FORM 8-K Q1 2005", "secsgml_size_bytes": 138806}]
metadata_filer: {"company-data": {"conformed-name": "JUNO LIGHTING INC", "cik": "0000723888", "assigned-sic": "3640", "irs-number": "362852993", "state-of-incorporation": "DE", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-11631", "film-number": "05702130"}, "business-address": {"street1": "1300 S WOLF ROAD", "city": "DES PLAINES", "state": "IL", "zip": "60017", "phone": "8478279880"}, "mail-address": {"street1": "1300 S WOLF RD", "city": "DES PLAINES", "state": "IL", "zip": "60018"}}
text: Juno Lighting, Inc.
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C.  20549
  FORM 8-K
  CURRENT REPORT
  Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
  Date of report (Date of earliest event reported)
  March 24, 2005
  JUNO LIGHTING, INC.
  (Exact name of registrant as specified in its charter)
  Delaware
  0-11631
  36-2852993
  (State or other jurisdiction
  of incorporation)
  (Commission
  File Number)
  (IRS Employer
  Identification Number)
  1300 S. Wolf Road P.O. Box 5065, Des Plaines  Illinois
  60017-5065
  (Address of Principal Executive Offices)
  (Zip Code)
  Registrant's Telephone Number, including area code
  (847) 827-9880
  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
  [  ]   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [  ]   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
  [  ]   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (14 CFR 240.14d-2(b))
  [  ]   Pre-commencement communications pursuant to Rule 13e-a(c) under the Exchange Act (17 CFR 240.13e-4(c))
  Page 1
  Item 2.02
  Other Events and Required FD DisclosureResults of Operations and Financial Condition.
  On March 24, 2005, Juno Lighting, Inc. issued a press release announcing financial results for the quarter ended February 28, 2005.  A copy of this press release is attached hereto as Exhibit 99.1.  This information, including exhibits attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section.  This information shall not be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended (the "Securities Act") or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
  Item 7.01
  Regulation FD Disclosure.
  On March 24, 2005, Juno Lighting, Inc. issued a press release announcing financial results for the quarter ended February 28, 2005.  A copy of this press release is attached hereto as Exhibit 99.1.  This information, including exhibits attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Exchange Act, or otherwise subject to the liabilities of that section.  This information shall not be deemed to be incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
  Item 9
  Financial Statements, Pro Forma Financial Information and Exhibits.
  The following exhibits are being furnished as part of this Form 8-K:
  Exhibit Number
  Description
  Exhibit 99.1
  Press Release issued by Juno Lighting, Inc. dated March 24, 2005, announcing the results for the quarter ended February 28, 2005.
  Page 2
  SIGNATURES
  Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
  DATE
  March 24, 2005
  BY
  /s/ George J. Bilek
  George J. Bilek
  Executive Vice President and Chief Financial Officer
  Page 3
  JUNO LIGHTING, INC.
  EXHIBIT INDEX
  Exhibit No.
  Description
  99.1
  Press Release issued by Juno Lighting, Inc. dated March 24, 2005, announcing the results for the quarter ended February 28, 2005.
  Page 4
  Exhibit 99.1
  FOR IMMEDIATE RELEASE
  Contact:  George Bilek
  847-827-9880
  JUNO LIGHTING, INC.
  ANNOUNCES RECORD FIRST QUARTER RESULTS
  Des Plaines, IL, March 24, 2005... Juno Lighting, Inc. (NASDAQ-JUNO) announced that for the quarter ended February 28, 2005 sales increased 19.5% to $60,814,000 compared to first quarter 2004 sales of $50,891,000 as the Company achieved solid growth in all end markets. Operating income for the first quarter of 2005 increased 26.7% to $11,515,000 compared to $9,086,000 for the prior year's first quarter. Net income available to common shareholders for the first quarter of 2005 was approximately $1,481,000, after taking into account $622,000 ($390,000 net of income taxes) for foreign currency translation loss ($0.53 per common share on a basic and $0.48 on a diluted basis), compared to net income available to common shareholders of $493,000 ($0.19 per common share on a basic and diluted basis) for the like period in 2004.
  Commenting on the first quarter results President and CEO Tracy Bilbrough said "This quarter's strong performance gives us seven consecutive quarters of double-digit organic sales growth. Despite much higher raw material costs vs. the first quarter of 2004, we were able to leverage our sales growth into a substantial increase in our operating earnings."
  The Company will conduct a conference call on March 24, 2005 at 3:30 p.m. Central Standard Time.  Those interested may listen to the call by dialing 888-459-8438, pass code "JUNO" and leader "George Bilek".  A replay of the conference call will be available from 6:00 PM (Central) March 24, 2005 to 6:00 PM March 31, 2005 by dialing (800) 873-2117 (U.S.) and (402) 220-5071 (Int'l), pass code 54321.
  Juno Lighting, Inc. is a leader in the design, manufacturing, and marketing of lighting fixtures for commercial and residential use. This press release contains various forward-looking statements that are not statements of historical events.  Such forward-looking statements are subject to various risks and uncertainties that could cause actual results to vary materially from those stated, indicated or expected.  Such risks and uncertainties include:  economic conditions generally, levels of construction and remodeling activities, our ability to improve manufacturing efficiencies, disruptions in manufacturing or distribution, product and price competition, raw material prices, our ability to develop and successfully introduce new products, consumer acceptance of such new products, the ability of our new products to perform as designed when utilized by consumers, technology changes, patent issues, exchange rate fluctuations, and other risks and uncertainties.  Juno undertakes no obligation to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.
  JUNO LIGHTING, INC. AND SUBSIDIARIES
  CONDENSED CONSOLIDATED STATEMENTS OF INCOME
  (in thousands except for share amounts)
  Three Months Ended
  Feb. 28,
  Feb. 29,
  2005
  2004
  Net sales
  $
  60,814
  $
  50,891
  Cost of sales
  30,547
  25,540
  Gross profit
  30,267
  25,351
  Selling, general and administrative expenses
  18,752
  16,265
  Operating income
  11,515
  9,086
  Other income (expense):
  Interest expense
  (3,203
  )
  (3,630
  )
  Interest and dividend income
  4
  5
  Unrealized gain (loss) on interest rate swap
  -
  110
  Loss on foreign currency translation
  (622
  )
  -
  Miscellaneous
  3
  34
  Total other (expense)
  (3,818
  )
  (3,481
  )
  Income before taxes on income
  7,697
  5,605
  Taxes on income
  2,876
  2,075
  Net income
  4,821
  3,530
  Less: preferred stockholder participation rights
  3,340
  3,037
  Net income available to common shareholders
  $
  1,481
  $
  493
  Net income per common share (A)
  Basic
  $
  .53
  $
  .19
  Diluted
  $
  .48
  $
  .19
  Average number of outstanding shares
  Basic
  2,804,111
  2,600,264
  Diluted
  3,076,129
  2,632,152
  EBITDA (B)
  $
  12,443
  $
  10,460
  (A
  )
  Net Income per common share is reported in compliance with EITF 03-06, effective for quarters ending after June 30, 2004, which resulted in no restatement for the quarter ended February 29, 2004.
  (B
  )
  EBITDA represents earnings before (a) taxes on income, (b) interest expense, (c) interest, dividend, and other miscellaneous income, (d) depreciation and amortization, (e) deferred compensation and (f) other non-cash charges.  EBITDA is not a calculation prepared in accordance with generally accepted accounting principles and, because all companies do not calculate EBITDA identically, the presentation of EBITDA herein is not necessarily comparable to similarly entitled measures of other companies.  The reconciliation of EBITDA is set forth in the table below.  Additionally, EBITDA is not intended to represent and should not be considered more meaningful than, or an alternative to, measures of operating performance as determined in accordance with generally accepted accounting principles.  However, EBITDA data are included because management understands that such information is considered by certain investors as an additional basis on which to evaluate Juno's ability to pay interest, repay debt and make capital expenditures. We also use EBITDA as an integral part of internal reporting to evaluate management team performance and to monitor compliance with certain financial covenants in our credit agreements.
  EBITDA reconciliation (unaudited)
  Three Months Ended
  (In thousands)
  Feb. 28,
  Feb. 29,
  2005
  2004
  Net income
  $
  4,821
  $
  3,530
  Add back (subtract):
  Income taxes
  2,876
  2,075
  Interest expense
  3,203
  3,630
  Unrealized gain on interest rate swap
  -
  (110
  )
  Loss on foreign currency translation
  622
  Interest, royalty and miscellaneous income
  (7
  )
  (39
  )
  Depreciation and amortization
  916
  1,374
  Deferred compensation and other non-cash charges
  12
  -
  EBITDA
  $
  12,443
  $
  10,460
  JUNO LIGHTING, INC. AND SUBSIDIARIES
  CONDENSED CONSOLIDATED BALANCE SHEETS
  (in thousands)
  Feb. 28,
  November 30,
  2005
  2004
  (Unaudited)
  (Unaudited)
  Assets
  Current assets:
  Cash
  $
  471
  $
  2,362
  Accounts receivable, less customer allowances of $985
  and $1,060
  43,094
  42,350
  Inventories
  30,869
  27,049
  Prepaid expenses and other current assets
  4,115
  4,161
  Total current assets
  78,549
  75,922
  Property and equipment, net
  40,014
  40,202
  Goodwill
  18,468
  18,690
  Intangibles, net of accumulated amortization of $2,044
  and $1,796
  4,905
  5,125
  Other assets
  1,354
  419
  Total assets
  $
  143,290
  $
  140,358
  Liabilities and stockholders' deficit
  Current liabilities:
  Accounts payable
  $
  18,126
  $
  17,019
  Accrued liabilities
  12,423
  16,420
  Short term borrowings
  4,700
  2,500
  Current maturities of long-term debt
  1,650
  1,650
  Total current liabilities
  36,899
  37,589
  Long-term debt, less current maturities
  193,025
  194,438
  Deferred income taxes payable
  3,637
  4,027
  Preferred dividend payable
  9,642
  6,428
  Commitments and contingencies
  Redeemable preferred stock, series A and B convertible $.001
  par value; $100 stated value; 5,000,000 shares
  authorized and 1,063,500 shares issued, stated at redemption value
  116,876
  116,876
  Stockholders' deficit
  Common stock, $.001 par value;
  Shares authorized 45,000,000;
  Issued 2,810,791 and 2,800,691
  3
  3
  Paid-in capital
  1,592
  1,305
  Accumulated other comprehensive income
  877
  560
  Stockholder note receivable
  (200
  )
  (200
  )
  Accumulated deficit
  (219,061
  )
  (220,668
  )
  Total stockholders' deficit
  (216,789
  )
  (219,000
  )
  Total liabilities, redeemable preferred stock and stockholders' deficit
  $
  143,290
  $
  140,358
  JUNO LIGHTING, INC. AND SUBSIDIARIES
  CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
  (in thousands)
  Three Months Ended
  Feb 28,
  Feb.29,
  2005
  2004
  Cash flows provided by operating activities:
  Net income
  $
  4,821
  $
  3,530
  Adjustments to reconcile net income to net cash provided by operating activities:
  Depreciation and amortization
  1,117
  1,373
  Unrealized loss (gain) on interest rate swap
  -
  (110
  )
  Deferred income taxes
  (16
  )
  (223
  )
  Deferred compensation
  12
  -
  Interest expense
  (27
  )
  -
  Tax benefit on stock options exercised
  71
  -
  Changes in operating assets and liabilities:
  (Increase) decrease in accounts receivable
  (889
  )
  2,141
  (Increase) in inventories
  (3,973
  )
  (2,090
  )
  (Increase) decrease in prepaid expenses and other current assets
  (681
  )
  705
  Decrease (increase) in other assets
  233
  (423
  )
  (Decrease) in accounts payable and accrued liabilities
  (2,810
  )
  (3,512
  )
  Net cash (used in) provided by operating activities
  (2,142
  )
  1,391
  Cash flows used in investing activities:
  Capital expenditures
  (780
  )
  (461
  )
  Cash used in investing activities
  (780
  )
  (461
  )
  Cash flows provided by (used in) financing activities:
  Principal payments on long-term debt, including the revolver and bank debt
  (20,327
  )
  (19,079
  )
  Proceeds from bank debt, including the revolver
  21,200
  16,800
  Debt refinancing costs
  (29
  )
  -
  Proceeds from exercise of stock options
  204
  547
  Net cash provided by (used in) financing activities
  1,048
  (1,732
  )
  Effect of exchange rate changes on cash
  (17
  )
  -
  Net decrease in cash
  (1,891
  )
  (802
  )
  Cash at beginning of period
  2,362
  1,702
  Cash at end of period
  $
  471
  $
  900
  Supplemental disclosures of cash flow information:
  Cash paid during the period for:
  Interest
  $
  3,244
  $
  7,341
  Income taxes
  573
  158