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...... Our companys situation is not a unique one in todays business environment. Quite to the contrary, the issue of balancing price competition with management of quality juxtaposes sharply with conditions of the current marketplace. Particularly, the deep and catastrophic retraction and erosion of Americas factory front has obliterated labor opportunities, reversed growth trends and shifted the center of Americas manufacturing economy away from the markets which it previously designed and sustained. Simultaneously, the trade liberalization facilitated by globalization has had the effect of opening up labor markets with much lower costs of operation. In countries where labor protections and environmental protections are less stringent, and where smaller economic scales also denote proportionally lower labor costs, manufacturers in nations such as the United States have found it impossible to compete. This has been true in the medical supply business, where our suppliers have one by one retracted or folded operations, sending their jobs and most of their clients to firms overseas. We have worked particularly hard to retain a degree of quality through our in-house manufacturing process as our competitors slash quality and price. While this had already constituted a decline in market-share, we had been able to refocus our

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