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MERGENT OTC INDUSTRIAL                                                                                                                      NEWS REPORTS


                                                                                                                                         Tuesday, July 21, 2009

                                                                                                                                                  Volume 36                   No. 7

     NEW COMPANY DESCRIPTIONS                                      Consolidated Balance Sheet, as of Mar. 31($000):           Common shares(000)
                                                                                                                              Weighted average
         (For details on individual listings,                       Assets:                           2009          1 2008
         see the News Section of this issue)                                                                                    shares outstanding
                                                                 Cash & cash                                                    - basic . . . . . . . .         21,024        19,767    14,947
AZTEC OIL & GAS CO.                                                 equivalents . . . . . . .        26,329         29,655
DERYCZ SCIENTIFIC INC                                                                                                         Weighted average
                                                                 Accounts receivable,                                           shares outstanding
ELECTRONIC CONTROL SECURITY INC.                                    net . . . . . . . . . . . . .    13,884         21,494
LIVEWIRE MOBILE, INC.                                                                                                           - diluted . . . . . .           21,776        21,372    16,992
                                                                 Unbilled revenue, cur-                                       Year end shares
PACIFIC SANDS, INC.                                                 rent portion . . . . . .          3,082           6,393
VALLEY FORGE COMPOSITE TECHNOLOGIES INC                                                                                         outstanding . . . .             21,470        20,614    18,876
                                                                 Deferred costs, current                                      Net earnings per
                                                                    portion . . . . . . . . . .       3,936           3,859     share - basic . . .              $1.15         $1.08     $1.39
                 NAME CHANGES                                    Prepaid expenses &
                                                                    other current assets              1,798           1,316
                                                                                                                              Net earnings per
           (For details on individual listings,                                                                                 share - diluted . .              $1.11         $1.00     $1.22
          see the News Section of this issue)                    Note receivable, current                                     Number of full time
SupportSoft Inc.                                                    portion . . . . . . . . . .         616             158     employees . . . . .              1 658         1 543      1 495
New Motion Inc.                                                  Total current assets . . .          49,645         62,875    Number of common
                                                                 Property & equipment,                                          stockholders . . .            1 2 5 43      1 2 4 40  1 2 3 52
                                                                    net . . . . . . . . . . . . .   243,124        269,031
                                                                                                                                 1 As is 2 Approximately 3 As of June 13, 2007 4 As of
                                                                 Intangible assets, net              10,707         13,592
ACCESS INTEGRATED TECHNOLOGIES INC                               Capitalized software                                         June 13, 2008 5 As of June 12, 2009
   Annual Report:                                                   costs, net . . . . . . . .        3,653           2,777     Consolidated Balance Sheet, as of Apr. 30($000):
   Consolidated Income Account, years ended Mar.                 Goodwill . . . . . . . . . .         8,024         14,549
31 ($000):                                                       Accounts receivable,                                           Assets:                                   2009         1 2008




                                                                                                                                                                                                  OTC
                                                                    net of current por-                                       Cash & cash
                                2009      2 2008      1 2007        tion . . . . . . . . . . . .        386             299     equivalents . . . . . . .              116,501        105,064
Revenues . . . . . . .        83,014      80,984      47,110     Deferred costs, net of                                       Short-term investments                    21,523         13,375
Direct operating                                                    current portion . . . .           3,967           6,595   Accounts receivable,
   expense . . . . . .        25,671      26,569      22,214     Note receivable, net of                                        net . . . . . . . . . . . . .           42,551         29,788
Selling, general &                                                  current portion . . . .             959           1,220   Unbilled receivables &
   administrative                                                Unbilled revenue, net                                          retentions . . . . . . . .              20,070         20,590
   expense . . . . . .        18,070      23,170      18,565        of current portion . .            1,253           2,075   Inventories, net . . . . .                11,602         15,923
Provision for                                                    Security deposits . . . .              424             408   Income tax receivable                      3,415           2,432
   doubtful accounts              587      1,396          848    Restricted cash . . . . . .            255             255   Deferred income taxes                      3,994           2,810
Research &                                                       Total assets . . . . . . . .       322,397        373,676    Prepaid expenses &
   development                                                      Liabilities:                                                other current assets                     1,718           2,014
   expense . . . . . .            188         162         330    Accounts payable & ac-                                       Total current assets . . .               221,374        191,996
Stock-based                                                         crued expenses . . . .           14,954         25,213    Long-term investments                      7,156       .......
   compensation . .               945         453      2,920     Current portion of notes                                     Property & equipment,
Gain (loss) on                                                      payable . . . . . . . . .        25,248         16,998      net . . . . . . . . . . . . .           18,218         10,308
   disposition of                                                Current portion of de-                                       Deferred income taxes                      6,313           2,785
   assets . . . . . . . .  .......     .......       dr2,561        ferred revenue . . . .            5,535           6,204   Other assets . . . . . . . .                  120             122
Impairment of                                                    Current portion of cus-                                      Total assets . . . . . . . .             253,181        205,211
   intangible asset        .......         1,588   .......          tomer security depos-                                       Liabilities:
Impairment of                                                       its . . . . . . . . . . . . .       314             333   Accounts payable . . . .                  23,990         14,080
   goodwill . . . . . .        6,525   .......     .......       Current portion of capi-                                     Wages & related accru-
Depreciation of                                                     tal leases . . . . . . . .          175              89     als . . . . . . . . . . . . .           10,231         10,428
   property &                                                    Total current liabilities           46,226         48,837    Other current liabilities                  3,686           3,786
   equipment . . . . .     .......     .......        14,699     Notes payable, net of                                        Liability for uncertain
Depreciation &                                                      current portion . . . .         225,957        250,689      tax positions . . . . . .                   730          1,717
   amortization of                                               Capital leases, net of                                       Total current liabilities                 38,637         30,011
   property &                                                       current portion . . . .           5,832           5,814   Deferred rent . . . . . . .                1,463              941
   equipment . . . . .        32,531      29,285   .......       Deferred revenue, net                                        Liability for uncertain
Amortization of                                                     of current portion . .            1,057             283     tax positions . . . . . .                5,654           4,519
   intangibles assets          3,434       4,290       2,773     Customer security de-                                        Common stock . . . . . .                     2.00            2.00
Total operating                                                     posits, net of current                                    Additional paid-in capi-
   expenses . . . . . .       87,951      86,913      64,910        portion . . . . . . . . . .        9.00              46     tal . . . . . . . . . . . . .          110,102         96,123
Income (loss) from                                               Fair value of interest
   operations before                                                                                                          Accumulated other
                                                                    rate swap . . . . . . . .         4,529       .......       comprehensive in-
   other income                                                  Total liabilities . . . . . .      283,610        305,669
   (expense) . . . . .      dr4,937      dr5,929    dr17,800                                                                    come (loss) . . . . . . .                dr537       .......
                                                                 Series A preferred                                           Retained earnings . . . .                 97,860         73,615
Interest income . . .             372      1,406       1,425        stock . . . . . . . . . . .       3,476       .......
Interest expense . .          27,520      29,327       9,176                                                                  Total stockholders’ eq-
                                                                 Class A common stock                    27              26     uity . . . . . . . . . . . .           207,427        169,740
Debt refinancing                                                 Class B common stock                  1.00            1.00
   expense . . . . . .     .......         1,122   .......                                                                       1 Reclassified to conform with 2009 presentation
                                                                 Additional paid-in capi-
Other income                                                        tal . . . . . . . . . . . . .   173,565        168,844
   (expense), net . .          dr754       dr715       dr448     Treasury stock . . . . . .             172             172
Change in fair value                                             Retained earnings (ac-
                                                                                                                              AMBASSADORS          INTERNATIONAL          INC.
   of interest rate                                                                                                             New    Accountant: On July 6, 2009, Co. dismissed
                                                                    cumulated deficit) . .        dr138,110     dr100,692     Ernst & Young LLP, its independent registered public
   swap . . . . . . . . .   dr4,529    .......     .......       Total stockholders’ eq-
Net income (loss)          dr37,368    dr35,687     dr25,999        uity . . . . . . . . . . . .     38,787         68,007    accounting firm, and engaged Moss Adams LLP, as its
Preferred stock                                                                                                               new independent registered public accounting firm.
                                                                     1 Reclassified to conform with 2009 presentation
   dividends . . . . .              50 .......     .......
Net income (loss)                                                                                                             AMERICAN CAPITAL LTD
   available to                                                  AEROVIRONMENT,        INC.                                      Interest  Sale     Development: On July 7, 2009,
   common                                                           Annual Report:                                            Match.com, a business unit of IAC/Interactive Corp., has
   stockholders . . .       d37,418     d35,687    .......                                                                    signed an agreement to acquire People Media from Co.,
Common shares(000)                                                  Consolidated Income Account,       years ended Apr.
                                                                 30 ($000):                                                   funds affiliated with Co. and other investors for
Weighted average                                                                                                              $80,000,000, in cash.
   shares outstanding                                                                          2009      2008         2007
   - basic . . . . . . . .    27,476      25,577      23,730     Revenue - product
Weighted average                                                    sales . . . . . . . . .  136,173   123,074     116,361    AMERICAN SOFTWARE INC
   shares outstanding                                            Revenue - contract                                             Annual Report:
   - diluted . . . . . .      27,476      25,577      23,730        services revenue         111,489    92,672      57,360      Consolidated Income Account, years ended Apr.
Year end shares                                                  Total revenues . . .        247,662   215,746     173,721    30 ($):
   outstanding . . . .        28,227      26,826      24,701     Cost of sales -
Net income (loss) per                                               product sales . . .       82,427    73,424      67,410                                  2009     1 2008     1 2007
   share - basic . . .        d$1.36      d$1.40      d$1.10     Cost of sales -                                              Revenues - license      16,073,000 18,957,000 21,080,000
Net income (loss) per                                               contract services         76,638    63,775      37,829    Revenues - services
   share - diluted . .        d$1.36      d$1.40      d$1.10     Total cost of sales         159,065   137,199     105,239      & other . . . . . . . 33,920,000 41,656,000 36,258,000
Number of full time                                              Gross margin . . . .         88,597    78,547      68,482    Revenues -
   employees . . . . .          3 200       3 250       3 348
                                                                 Selling, general &                                             maintenance . . .     28,031,000 28,388,000 27,029,000
Number of part time                                                 administrative                                            Total revenues . . .    78,024,000 89,001,000 84,367,000
   employees . . . . .            3 42        3 45        3 52
                                                                    expenses . . . . . .      34,246    33,662      24,041    Cost of revenues -
Total number of                                                  Research &                                                     license . . . . . . .  4,908,000 6,149,000 6,169,000
   employees . . . . .          3 242       3 295       3 400
                                                                    development                                               Cost of revenues -
Number of common                                                    expenses . . . . . .      21,798    16,441      13,940      services & other      22,963,000 29,281,000 25,105,000
   stockholders -                                                Income from                                                  Cost of revenues -
   class A . . . . . . .     3 4 107    3 4 5 94   3 4 6 110
                                                                    operations . . . . .      32,553    28,444      30,501      maintenance . . .      7,253,000 7,602,000 7,324,000
Number of common                                                 Interest income . . .         1,244     3,796       1,707    Write-down of
   stockholders -                                                Interest expense . .       .......       1.00        6.00      capitalized
   class B . . . . . . .       3 1.00   3 5 1.00   .......       Income before                                                  computer software
    1 Reclassified to conform with 2008 presentation                income taxes . . .        33,797    32,239      32,202      development costs      .......    1,196,000  .......
 2 Reclassified to conform with 2009 presentation 3 As is        Provision for income                                         Total cost of
 4 Approximate 5 As of June 6, 2008 6 As of June 22,                taxes . . . . . . . . .    9,552    10,853      11,484      revenues . . . . . .  35,124,000 44,228,000 38,598,000
2007                                                             Net income . . . .           24,245    21,386      20,718    Gross margin . . . .    42,900,000 44,773,000 45,769,000
Page 660                                                                            MERGENT OTC INDUSTRIAL                                                                                           July 21, 2009

Research &                                                              Interest expense . .                    716          805        910      Liabilities:
   development                                                          Other income                                                           Current liabilities . . . . . . . . . . . . . . . .          86,370
   expenses . . . . . .         7,150,000 7,475,000 7,555,000              (expense) . . . . .                1,726        2,108      2,680    Long-term debt . . . . . . . . . . . . . . . . .             24,860
Sales & marketing                                                       Income (loss) before                                                   Stockholders’ equity . . . . . . . . . . . . . .            343,662
   expenses . . . . . .       14,979,000 15,805,000 14,079,000             income taxes . . .              dr6,151         5,685    51,178
General &                                                               Income tax expense
   administrative                                                          (benefit) . . . . . .            cr2,917        1,414    18,617     AZTEC OIL & GAS INC
   expenses . . . . . .       13,231,000 13,048,000 13,756,000          Net income (loss)                  dr3,234         4,271    32,561        History & Business:
Amortization of                                                         Common shares(000)                                                        History: Incorporated in Utah on Jan. 24, 1986 as Aztec
   acquisition -                                                        Weighted average                                                       Communications Group, Inc. Reincorporated in Nevada in
   related intangibles            350,000       350,000      350,000       shares outstanding                                                  Nov. 2003. Present name adopted on Aug. 13, 2004.
Total operating                                                            - basic . . . . . . . .           14,055      14,472     15,690
   expenses . . . . . .       35,710,000 36,678,000 35,740,000                                                                                    Business Activities: Aztec Oil & Gas is an oil and gas
                                                                        Weighted average                                                       exploration and production company focused on
Operating income                                                           shares outstanding
   (loss) . . . . . . . .       7,190,000 8,095,000 10,029,000                                                                                 numerous areas in the U.S. Phase one of Co.’s business
                                                                           - diluted . . . . . .             14,055      14,540     15,976     plan calls for purchasing working interests in producing
Interest income . . .           1,798,000 2,997,000 2,771,000           Year end shares
Other income                                                                                                                                   oil & gas properties with undrilled reserves. Phase two of
   (expense), net,                                                         outstanding . . . .               14,094      14,150     14,920     Co.’s business plan calls for investing in various drilling
   primarily                                                            Net earnings (loss)                                                    prospects with industry professionals. Phase three of Co.’s
   investment income                                                       per share - basic                 d$0.23        $0.30      $2.08    business plan calls for originating, developing and
   (loss) . . . . . . . .      dr2,852,000      201,000 1,905,000       Net earnings (loss)                                                    managing balanced, low risk, highly focused
Earnings (loss)                                                            per share - diluted               d$0.23        $0.29      $2.04    developmental drilling projects with investors in areas
   before income                                                        Cash dividends per                                                     with low drilling costs and high success rates where the
   taxes & minority                                                        common share . .                    $.36         $.33       $.21    process can be repeated in a relatively consistent manner.
   interest . . . . . . .       6,136,000 11,293,000 14,705,000         Total number of                                                           Property: Co. maintains its principal executive office
Income tax expense                                                         employees . . . . .            1 3 3,701    1 2 4,344  1 4 5,148
                                                                                                                                               in Houston, TX.
   (benefit) . . . . . .        2,400,000 4,004,000 5,496,000           Number of common                                                          Co.’s producing properties consist essentially of
Minority interest                                                          stockholders . . .           1 4 6 6,700   1 4 5 7,600 1 4 9,000
                                                                                                                                               working and royalty interests owned by Co. in various oil
   expense (income)               720,000       756,000      776,000        1 As is 2 As of May 31, 2008 3 As of May 31, 2009                  and gas wells and leases located in Texas, Pennsylvania,
Net income (loss)               3,016,000 6,533,000 8,433,000            4 Approximately 5 As of May 30, 2008 6 As of May 15,                  Louisiana and West Virginia: 29 wells in the Pennsylvania
Common shares                                                           2009                                                                   Drilling Program which have been drilled to depths in the
Weighted average                                                           Consolidated Balance Sheet, as of Apr. 30($000):                    range of 3,800 feet; The Deep Lake No.1 and Deep Lake
   shares outstanding                                                                                                                          No.2 wells were drilled and both wells are now flowing
   - basic . . . . . . . .    25,327,000 25,423,000 24,616,000             Assets:                                    2009            2008     commercial quantities of natural gas; Freeman #1A, #2A,
Weighted average                                                        Cash & cash                                                            #3A, and #4A wells in the 2006A Drilling Program which
   shares outstanding                                                      equivalents . . . . . . .                 82,821         56,932     are located in West Virginia, have been completed and are
   - diluted . . . . . .      25,756,000 26,547,000 25,761,000          Customer receivables,                                                  producing natural gas; Dailey Hrs. #1 and Hickman #1
Year end shares                                                            net . . . . . . . . . . . . .             26,944         27,744     wells in the 2006B Drilling Program which are located in
   outstanding . . . .        25,289,542 25,398,271 24,794,022          Inventories, net . . . . .                   32,684         46,981     West Virginia, have been completed and are producing
Net earnings (loss)                                                     Prepaid expenses &                                                     limited quantities of natural gas; and Williams #1 and #2
   per common share                                                        other current assets                       1,789          3,006     wells in the 2007A Drilling Program which are also
   - basic . . . . . . . .           $0.12         $0.26        $0.34   Deferred income taxes                         9,300          8,725     located in West Virginia, have been completed and are
Net earnings (loss)                                                     Total current assets . . .                  153,538        143,388     producing natural gas.
   per common share                                                     Property, plant &                                                         As of Aug. 31, 2008, Co. has 39 gross, and 8 net
   - diluted . . . . . .             $0.12         $0.25        $0.33      equipment, net . . . .                   132,928        150,840     productive oil and gas wells.
Cash dividends                                                          Promotional displays,                                                     As of, Aug. 31, 2008, Co. has 353,581 MMcfs of proved
   declared . . . . . .                $.36         $.35         $.31




                                                                                                                                                                                                                       OTC
                                                                           net . . . . . . . . . . . . .             12,793         15,506     developed producing gas, 207,446 MMcfs of proved
Number of full time                                                     Prepaid pension asset                     .......            2,632     undeveloped gas and 4,520 Bbls of proved undeveloped
   employees . . . . .                  291          315          308   Deferred income taxes                         1,393       .......      oil.
Number of class A                                                                                                                                                           Subsidiaries
   common                                                               Other assets . . . . . . . .                  3,085          2,433
   stockholders . . .             4 11,695    2 3 10,000   2 5 10,000   Total assets . . . . . . . .                303,737        314,799     Aztec Energy, LLC
Number of class B                                                          Liabilities:                                                        Aztec Drilling & Operating, LLC
   common                                                               Accounts payable . . . .                     15,070         19,708     Aztec Operating Company
   stockholders . . .                4 2.00       3 2.00       5 2.00   Current maturities of                                                                                  Officers
    1 Reclassified to conform with 2009 presentation                       long-term debt . . . .                       859             864    Franklin C. Fisher, Jr., Chief Executive Officer; Chairman
 2 Approximately 3 As of July 11, 2008 4 As of July 7,                  Accrued compensation                                                   Kathryn E. Parks, Secretary; Vice President
2009 5 As of July 10, 2007                                                 & related expenses                        24,909         21,151     Larry A. Hornbrook, Chief Financial Officer
                                                                        Accrued marketing ex-
   Consolidated Balance Sheet, as of Apr. 30($):                           penses . . . . . . . . . .                 7,080          5,401                                    Directors
                                                                        Other accrued ex-                                                      Franklin C. Fisher, Jr.                 Kenneth E. Lehrer
   Assets:                                    2009              2008       penses . . . . . . . . . .                10,249          8,910     Mark Vance
Cash & cash                                                             Total current liabilities                    58,167         56,034
   equivalents . . . . . . .            37,629,000        59,236,000                                                                              Auditors: GBH, CPA, PC
Investments . . . . . . . .             16,371,000        16,905,000    Long-term debt, less                                                      Shareholder              Relations:     Tony      Drake,     Tel.:
Billed trade accounts                                                      current maturities . .                    26,475         26,043     281-579-1602
   receivable, net . . . .                .......         12,563,000    Deferred income taxes                     .......            8,071
Billed trade accounts                                                   Defined benefit pension                                                   No. of Stockholders: Jun. 25, 2009, 42
   receivable . . . . . . . .           10,234,000          .......        & postretirement                                                       No. of Employees: Jul. 8, 2009, 1
Unbilled trade accounts                                                    benefits liabilities . .                  12,900          6,617
                                                                        Other long-term liabili-                                                  Address: One Riverway, Suite 1700, Houston, TX
   receivable . . . . . . . .            2,995,000         3,311,000                                                                           77056 Tel.: 713 840-6444 Fax: 713 840-6323 E-mail:
Deferred income taxes                       246,000         .......        ties . . . . . . . . . . . . .             2,513          3,400
                                                                        Common stock . . . . . .                     82,293         76,409     investor@aztecoil-gas.com Web: www.aztecoil-gas.com
Prepaid expenses &
   other current assets                  2,886,000         2,946,000    Retained earnings . . . .                   136,074        146,288        Consolidated           Income       Account,      years     ended
Total current assets . . .              70,361,000        94,961,000    Defined benefit pension                                                August 31 (in $):
Investments - noncur-                                                      & postretirement
                                                                           plans . . . . . . . . . . .            dr14,685         dr8,063                                         2008         1 2007         2006
   rent . . . . . . . . . . . .         17,094,000          .......                                                                                                                          (revised)
Property & equipment,                                                   Total accumulated oth-
   net . . . . . . . . . . . . .         7,189,000         6,903,000       er comprehensive in-                                                Gen & admin exps                 829,402 2,211,918           808,905
Capitalized software,                                                      come (loss) . . . . . . .              dr14,685         dr8,063     Oil & gas exps . . .           .......       .......          11,068
   net . . . . . . . . . . . . .         4,859,000         4,657,000    Total shareholders’ eq-                                                Production costs . .              81,618         29,629    .......
Goodwill . . . . . . . . . .            11,709,000        11,912,000       uity . . . . . . . . . . . .             203,682        214,634     Dry well exps . . . .            126,954     .......         181,778
Other intangibles, net                      950,000        1,586,000                                                                           Depreciation,
Other assets . . . . . . . .                157,000          198,000                                                                              depletion,
Total assets . . . . . . . .           112,319,000       120,217,000    APPLIED NEUROSOLUTIONS INC                                                amortiation &
   Liabilities:                                                            Stock Trading Symbol: On OTC, APSN.                                    accret . . . . . . . .        149,180          9,005    .......
Accounts payable . . . .                    822,000        1,578,000                                                                           Impair of oil & gas
Accrued compensation                                                                                                                              props . . . . . . . .         616,161         83,203    .......
   & related costs . . . .               2,374,000         2,260,000    ARBINET CORP                                                           Tot oper exps . . . .         2 1,803,312    2,333,755 1,001,751
Dividends payable . . .                  2,277,000         2,286,000      New Accountant: On June 25, 2009, Ernst & Young                      Partnership income
Other current liabilities                3,355,000         3,694,000    LLP was dismissed as Co.’s independent registered public                  (loss) . . . . . . . .      .......       .......         213,660
Deferred income taxes                     .......            640,000    accounting firm. Also on June 25, 2009, Friedman LLP                   Int exp . . . . . . . . .         75,502         15,327      107,235
Deferred revenue . . . .                16,101,000        16,441,000    was appointed as Co.’s new independent registered public               Gain on sale of
Total current liabilities               24,929,000        26,899,000    accounting firm.                                                          assets . . . . . . . .      .......              312 1,341,744
Deferred income taxes                    1,163,000         1,202,000                                                                           Exting of debt . . . .         .......       .......         271,289
Minority interest . . . .                6,388,000         5,621,000    ATRINSIC INC                                                           Discount on payoff
Class A common stock                     2,664,000         2,647,000       Stock Trading Symbol: On NMS, ATRN.                                    of notes . . . . . . .      .......       .......         396,928
Class B common stock                        288,000          288,000                                                                           Discount on note
Additional paid-in capi-                                                ATRINSIC INC                                                              receiv . . . . . . . .      .......       .......       dr78,046
   tal . . . . . . . . . . . . .        88,164,000        87,256,000       New Name: On June 26, 2009, Co. changed its name                    Int inc . . . . . . . . .              22           485       30,316
Accumulated other                                                       from New Motion Inc. to Atrinsic Inc.                                  Tot other income
   comprehensive in-                                                                                                                              (expense) . . . . .          dr75,480      dr14,530 2,068,656
   come . . . . . . . . . . .             .......             67,000    AUDIOVOX CORP.                                                         Income (loss) bef
Retained earnings (ac-                                                     Earnings, 3 mos. to May 31 (Consol.                  $000):            minor int . . . . . .     dr1,506,950 dr2,233,579 1,072,954
   cumulated deficit) . .               11,625,000        17,725,000                                                                           Income (loss) attrib
Class A treasury stock,                                                                                                2009            2008       to minor intere . .        cr397,652          10,196    .......
   at cost . . . . . . . . . .          22,902,000        21,488,000    Net Sales . . . . . . . . . .              119,806           144,583   Common shares :
Total shareholders’ eq-                                                 Cost & expenses . . . .                    119,574           152,472   Net income (loss) dr1,109,298 dr2,243,775 1,072,954
   uity . . . . . . . . . . . .         79,839,000        86,495,000    Operating income . . . .                         232         dr7,889   Weigh avg shares
                                                                        Interest income . . . . .                        164             453      outstg-basic . . . .      31,843,725 28,438,383 27,884,829
                                                                        Other income                                                           Weigh avg shares
AMERICAN WOODMARK CORP.                                                    (expense), net . . . . .                      808             563      outstg-diluted . .        31,843,725 28,438,383 27,920,694
  Annual Report:                                                        Income taxes . . . . . . .                       283         cr1,946   Yr end shares outstg         32,468,427 30,477,772 29,055,549
  Consolidated Income Account,               years ended Apr.           Net income . . . . . . .                         921         dr4,927   Net earnings (loss)
30 ($000):                                                              Earn com sh:                                                              per sh-basic . . . .          dr$0.03       dr$0.08          $0.04
                                                                           Primary . . . . . . . . .                  $0.02           d$0.23   Net earnings (loss)
                            2009               2008           2007                                                                                per sh-diluted . .            dr$0.03       dr$0.08          $0.04
Net sales . . . . . . . . 545,934            602,426        760,925        Fully Diluted . . . . .                    $0.02           d$0.23
Cost of sales &                                                         Common Shares (000):                                                   Tot no of employees                     1             1    .......
  distribution . . . .    456,444            499,299        605,106        Fully diluted . . . . . .                 22,865           22,855   No of com stkhlders                  3 41       3 4 120    .......
Gross profit . . . . .     89,490            103,127        155,819        Year-end . . . . . . . .                  24,685           24,675       1 Reclassified to conform with 2008 presentation 2 As
Selling & marketing                                                       Consolidated Balance Sheet Items,                     as   of May    reported by the Company 3 Approximately 4 As of
  expenses . . . . . .     60,033             71,875         71,009     31 ($000):                                                             November 30, 2007
General &                                                                                                                                         Consolidated Balance Sheet, as of August 31 (in
  administrative                                                           Assets:                                                     2009    $):
  expenses . . . . . .     26,875             26,870         35,402     Cash & equivalents . . . . . . . . . . . . . .                62,327
Restructuring                                                           Inventories . . . . . . . . . . . . . . . . . . . . .        118,751                                               2008              1 2007
  charges . . . . . . .     9,743 .         ......        .......       Current assets . . . . . . . . . . . . . . . . . . .         329,784      Assets:                                                 (revised)
Operating income                                                        Net property & equip. . . . . . . . . . . . . .               20,198   Cash . . . . . . . . . . . . .            290,323              4,771
  (loss) . . . . . . . .  dr7,161              4,382         49,408     Total assets . . . . . . . . . . . . . . . . . . . .         475,284   Accts receiv . . . . . . . .              175,559             54,374
July 21, 2009                                                                   MERGENT OTC INDUSTRIAL                                                                                                 Page 661

Ppd exps & other curr                                                 Liabilities:                                                            integration for Apple’s iTunes( )U application available to
   assets . . . . . . . . . . .            8,597          13,989    Current liabilities . . . . . . . . . . . . . . . .       1,066,648       the Blackboard client community, providing a popular tool
                                                                    Stockholders’ equity . . . . . . . . . . . . . .          3,110,352       to other institutions looking to support the use of
   Tot curr assets . . . .              474,479           73,134                                                                              multimedia content in courses.
Oil & nat gas proper-                                                                                                                         Also, Co. partnered with NBC Learn. Under the
   ties, gross . . . . . . . .        3,086,594        1,525,050    BENIHANA INC.                                                             agreement, Co. and NBC News will work together to
Less: accum depletion,                                                 Annual Report:                                                         support the use of news content by K-12 and
   depreciation, am . . .               962,280          198,953       Consolidated            Income         Account,     years     ended    postsecondary institutions in the United States. The
Oil & nat gas proper-                                               ($000):                                                                   partnership will enable instructors and students to access
   ties, net . . . . . . . . .        2,124,314        1,326,097                                                                              audio, video and other news content within their e-learning
Computers & equip-                                                                                     03/29/09 2 03/30/08 1 2 04/01/07       platform to strengthen the learning experience.
   ment, gross . . . . . . .               4,728        .......     Restaurant sales . .                303,868      295,190      271,080
Less: Accum deprec . .                       674        .......     Franchise fees &
Computers & equip-                                                     royalties . . . . . .              1,739         1,756         1,569   BLUE COAT SYSTEMS INC
   ment, net . . . . . . . .               4,054        .......     Total revenues . . .                305,607      296,946      272,649        Annual Report:
Restricted fds . . . . . . .           .......           740,000    Cost of food &                                                               Consolidated Income Account, years ended Apr.
                                                                       beverage sales . .                72,646        69,727       66,051    30 ($000):
   Tot assets . . . . . . . .         2,602,847        2,139,231    Restaurant operating
   Liabilities:                                                        expenses . . . . . .             188,922      178,099      159,456                                          2009         1 2008       1 2007
Accts pay & accrued                                                 Restaurant opening                                                        Net revenue -
   liabil . . . . . . . . . . .         206,115           63,977       costs . . . . . . . . .            2,165         3,440         1,535      product . . . . . . .          305,601      233,858      136,770
Accts pay & accrued                                                 Marketing, general &                                                      Net revenue -
   liabil - rela . . . . . . .          229,538           16,097       administrative                                                            services . . . . . .           139,144        71,581       40,930
Salary pay . . . . . . . . .              59,296            7,781      expenses . . . . . .              30,289        28,092       23,811    Total net revenue . .             444,745      305,439      177,700
Line of cr . . . . . . . . . .          400,000          120,000    Impairment charges                   21,505     .......      .......      Cost of net revenue -
Refundable subscrip-                                                Total operating                                                              product . . . . . . .           85,825        48,056       31,779
   tions . . . . . . . . . . . .        200,000         .......        expenses . . . . . .             315,527      279,358      250,853     Cost of net revenue -
Com stk pay . . . . . . . .               12,167         159,696    Income (loss) from                                                           service . . . . . . .           45,310        23,389       13,969
Notes pay to rel parties                595,560          545,560       operations . . . . .             dr9,920        17,588       21,796    Total cost of net
                                                                    Interest income                                                              revenue . . . . . . .          131,135        71,445       45,748
   Tot curr liabil . . . . .          1,702,676          913,111       (expense), net . .                 dr848           270           465   Gross profit . . . . .            313,610      233,994      131,952
Asset retir oblig . . . . .               30,812        .......     Income (loss) before                                                      Sales & marketing
Tot liabil . . . . . . . . . .        1,733,488          913,111       income taxes &                                                            expenses . . . . . .           178,470      128,927        73,083
Minor int . . . . . . . . . .         2,375,973        2,082,880       minority interest              dr10,768         17,858       22,261    Research &
Pfd stk . . . . . . . . . . . .              100              100   Income tax provision                                                         development
Com stk . . . . . . . . . . .             32,468          30,477       (benefit) . . . . . .            cr5,703         5,065         7,766      expenses . . . . . .            76,680        51,587       39,882
Addit paid-in cap . . . .             4,537,525        4,080,072    Net income (loss)                   dr5,065        12,793       14,495    General &
Def accum during the                                                Less: accretion of                                                           administrative
   devel st . . . . . . . . .       dr6,076,707      dr4,967,409       issuance costs &                                                          expenses . . . . . .            47,679        27,909       28,072
                                                                       preferred stock                                                        Amortization of
   Tot stkhlders equity                                                dividends . . . . .                1,087         1,084         1,104      intangible assets                 6,667            450          619
   (deficit) . . . . . . . . .      dr1,506,614        dr856,760    Net income (loss)                                                         Restructuring
    1 Reclassified to conform with 2008 presentation                   attributable to                                                           (reversal) . . . . .              1,546    .......            dr19
                                                                       common                                                                 Total operating
   Auditor’s Report: The following is an excerpt from the              stockholders . . .                d6,152        11,709       13,391       expenses . . . . . .           311,042      208,873      141,637
Report of the Independent Auditor’s, GBH CPAs, PC, as it            Common shares(000)                                                        Operating income
appeared in Co.’s 2008 10KSB:                                       Weighted average




                                                                                                                                                                                                                       OTC
                                                                                                                                                 (loss) . . . . . . . .            2,568       25,121      dr9,685
   ‘In our opinion, the consolidated financial statements              shares                                                                 Interest income . . .                1,302         6,127        4,170
referred to above present fairly, in all material respects, the        outstanding-basic                 15,289        15,173     3 14,841
                                                                                                                                              Interest expense . .                   885            257          248
financial position of Aztec as of August 31, 2008 and the           Weighted average                                                          Other income
results of its operations and its cash flows for the year then         shares                                                                    (expense) . . . . .            dr2,362         dr461        dr311
ended, in conformity with accounting principles generally              outstanding-diluted               15,289        17,169     3 17,277
                                                                                                                                              Income (loss) before
accepted in the United States of America.                           Year end shares                                                              income taxes . . .                  623       30,530      dr6,074
   The accompanying consolidated financial statements                  outstanding . . . .               15,297        15,279     3 14,925
                                                                                                                                              Provision (benefit)
have been prepared assuming that Aztec will continue as a           Net earnings (loss)                                                          for income taxes                  9,131      cr2,038         1,124
going concern. As discussed in Note 3 to the financial                 per share-basic                   d$0.40         $0.77       3 $0.90
                                                                                                                                              Net income (loss)                 dr8,508        32,568      dr7,198
statements, Aztec incurred a net loss for the year ended            Net earnings (loss)                                                       Common shares(000)
August 31, 2008 and has a working capital deficit and an               per share-diluted                 d$0.40         $0.75       3 $0.84
                                                                                                                                              Weighted average
accumulated deficit at August 31, 2008 which raises sub-            Total number of                                                              shares outstanding
stantial doubt about its ability to continue as a going con-           employees . . . . .            4 5 5,700     4 5 5,700    4 5 5,000
                                                                                                                                                 - basic . . . . . . . .         38,493        35,179     2 29,188
cern. Management’s plans regarding those matters also are           Number of common                                                          Weighted average
described in Note 3. The consolidated financial statements             stockholders . . .                  4 427        4 439         4 188
                                                                                                                                                 shares outstanding
do not include any adjustments to reflect the possible              Number of class A                                                            - diluted . . . . . .           38,493        39,659     2 29,188
future effects on the recoverability and classification of             common                                                                 Year end shares
assets or the amounts and classification of liabilities that           stockholders . . .                  4 407        4 415         4 427
                                                                                                                                                 outstanding . . . .             39,713        38,267     2 29,942
may result from the outcome of this uncertainty.‘                       1 For 53 weeks 2 Reclassified to conform with 2009                    Net income (loss) per
   Line of Credit: On May 31, 2007, Co. executed a loan             presentation 3 Adjusted for 50% stock dividend, June 18,                     share - basic . . .             d$0.22          $0.93    2 d$0.25
agreement establishing a line of credit with Amegy Bank             2007 4 As is 5 Approximately                                              Net income (loss) per
National Association. The line of credit agreement was                 Consolidated Balance Sheet, as of ($000):                                 share - diluted . .             d$0.22          $0.82    2 d$0.25
amended on Feb. 14, 2008 to increase the amount of the                                                                                        Number of full time
line of credit from $200,000 to $400,000. Interest on any              Assets:                                 03/29/09        1 03/30/08        employees . . . . .             3 1,434    .......      .......
outstanding balances will be charged at one-half of one             Cash & cash                                                               Total number of
percent above the Amegy Bank National Association                      equivalents . . . . . . .                   3,891             1,718       employees . . . . .             3 1,434       3 1,033         3 708
prime rate. At Aug. 31, 2008, the prime rate was 5.00%,             Receivables, net . . . . .                     1,833             4,473    Number of common
making the loan rate 5.50%. As of Aug. 31, 2008 the                 Inventories . . . . . . . . .                  6,529             6,477       stockholders . . .                3 579          3 505        3 286
amount outstanding under this facility was $400,000.                Income tax receivable                          1,304             3,756        1 Reclassified to conform with 2009 presentation
Co.’s chief executive officer has personally guaranteed             Prepaid expenses &                                                         2 Adjusted for 100% stock dividend, October 4, 2007
any amount in excess of the original $200,000 amount. On               other current assets                        2,603             2,036     3 As is
Aug. 31, 2008, Aztec extended the line of credit through            Investment securities,
Feb. 28, 2009.                                                         available for sale -                                                      Consolidated Balance Sheet, as of Apr. 30($000):
   Capital Stock: 1. Aztec Oil & Gas Inc series A                      restricted . . . . . . . .                    631                808
                                                                    Deferred income tax as-                                                      Assets:                                   2009             1 2008
preferred; par $0.001.                                                 set, net . . . . . . . . . .                  721                347   Cash & cash
AUTH         100,000 shs.                                           Total current assets . . .                    17,512           19,615        equivalents . . . . . . .               114,163          160,974
OUTSTG           Aug. 31, 2008 100,000 shs; par $0.001.             Property & equipment,                                                     Short-term investments                   .......                1,204
VOTING RIGHTS                  The shares of outstanding Series A      net . . . . . . . . . . . . .             203,299          184,176     Accounts receivable,
Preferred Stock shall have the number of votes equal to             Goodwill . . . . . . . . . .                  18,020           29,900        net . . . . . . . . . . . . .            77,161           59,056
70% of votes of all outstanding shares of capital stock such        Deferred income tax as-                                                   Inventories . . . . . . . . .                5,700                 262
that all the outstanding shares of Preferred Stock shall               set, net . . . . . . . . . .                9,900                746   Prepaid expenses &
always constitute 70% of the voting rights of Co., but the          Other assets, net . . . . .                    8,396             7,217       other current assets                     13,113              7,163
holders are not obliged or bound to vote together and the           Total assets . . . . . . . .                 257,127          241,654     Current portion of de-
shares are owned by separate entities.                                 Liabilities:                                                              ferred income tax as-
   2. Aztec Oil & Gas Inc common; par $0.001.                       Accounts payable . . . .                       7,027             6,158       sets . . . . . . . . . . . .              7,941              7,294
AUTH         100,000,000 shs.                                       Accrued expenses . . . .                      25,821           25,226     Total current assets . . .                 218,078          235,953
                                                                    Accrued put option lia-                                                   Property & equipment,
OUTSTG           Aug. 31, 2008 32,468,427 shs; par $0.001.                                                                                       net . . . . . . . . . . . . .            34,955           14,975
WARRANTS               20,284,900 shs.                                 bility . . . . . . . . . . .                3,718             3,718
                                                                    Total current liabilities                     36,566           35,102     Restricted cash . . . . . .                    850                 861
OWNERSHIP               As of Aug. 31, 2008, Franklin C. Fisher,                                                                              Goodwill . . . . . . . . . .               238,466           92,243
Jr., Chairman and Chief Executive Officer andall officers           Deferred obligations
                                                                       under operating                                                        Identifiable intangible
and directors as a group owned 37.1876% and 44.21%,                    leases . . . . . . . . . . .               13,238           11,296        assets, net . . . . . . . .              48,774              5,010
respectively, of Co.’s outstanding common stock.                                                                                              Investment in Packeteer
OPTIONS           Aug. 31, 2008, options outstanding,               Borrowings under line
                                                                       of credit . . . . . . . . .                33,351           17,422        Inc. . . . . . . . . . . . .          .......             25,092
7,800,000 shares.                                                   Other long-term liabili-                                                  Non-current deferred
LISTED         Over-the-Counter : AZGS                                 ties . . . . . . . . . . . . .              1,999                769      income tax assets . .                    19,412           11,867
                                                                    Total liabilities . . . . . .                 85,154           64,589     Other assets . . . . . . . .                 1,758              1,767
BED, BATH & BEYOND, INC.                                            Series B mandatory re-                                                    Total assets . . . . . . . .               562,293          387,768
  Earnings, 3 mos. to May 30 (Consol.                 $000):           deemable convertible                                                      Liabilities:
                                                                       preferred stock . . . .                    19,536           19,449     Accounts payable . . . .                    24,105           18,695
                                          05/30/09       05/31/08   Common stock . . . . . .                         560                623   Accrued payroll & re-
Net Sales . . . . . . . . . .           1,694,340       1,648,491   Class A common stock                             970                905      lated benefits . . . . .                 18,374           16,464
Cost & expenses . . . .                 1,552,036       1,529,672   Additional paid-in capi-                                                  Deferred revenue . . . .                    96,656           68,242
Operating income . . . .                   142,304        118,819      tal . . . . . . . . . . . . .              69,479           68,342     Other accrued liabili-
Income taxes . . . . . . .                   56,899        46,572   Retained earnings (ac-                                                       ties . . . . . . . . . . . . .           12,299              8,991
Net income . . . . . . .                     87,172        76,777      cumulated deficit) . .                     81,625           87,777     Total current liabilities                  151,434          112,392
Earn com sh:                                                        Accumulated other                                                         Deferred revenue, less
  Primary . . . . . . . . .                    $0.34        $0.30      comprehensive in-                                                         current portion . . . .                  33,923           21,318
  Fully Diluted . . . . .                      $0.34        $0.30      come (loss), net of                                                    Deferred rent, less cur-
Common Shares (000):                                                   tax . . . . . . . . . . . . .               dr197              dr31       rent portion . . . . . .                  5,703              1,349
  Fully diluted . . . . . .                258,764        259,263   Total stockholders’ eq-                                                   Long-term income tax-
                                                                       uity (deficit) . . . . . .                152,437          157,616        es payable . . . . . . .                 12,677                 638
  Year-end . . . . . . . .                 261,893        260,412                                                                             Other non-current lia-
                                                                        1 Reclassified to conform with 2009 presentation
  Consolidated Balance Sheet Items, as of ($000):                    2 Accumulated amortization - Lease acquisition costs:                       bilities . . . . . . . . . .                600                 610
                                                                    2008 $1,261,000 ; 2009 $1,440,000 3 Accumulated amor-                     Zero coupon converti-
  Assets:                                                05/30/09                                                                                ble senior notes, due
Cash & equivalents . . . . . . . . . . . . . .            855,434   tization - Other assets: 2008 $1,745,000 ; 2009 $1,947,000
                                                                                                                                                 in 2013 . . . . . . . . . .              76,347         .......
Inventories . . . . . . . . . . . . . . . . . . . . .   1,703,819                                                                             Common stock . . . . . .                      2.00                2.00
Current assets . . . . . . . . . . . . . . . . . . .    2,833,934   BLACKBOARD INC                                                            Additional paid-in capi-
Net property & equip. . . . . . . . . . . . . .         1,120,393     Alliance/(Partnership): On July 15, 2009, Co.                              tal . . . . . . . . . . . . .        1,168,106         1,128,903
Total assets . . . . . . . . . . . . . . . . . . . .    4,506,054   partnered with Vanderbilt University Library to make their                Treasury stock, at cost                      1,629                 903
Page 662                                                                              MERGENT OTC INDUSTRIAL                                                                                            July 21, 2009

Retained earnings (ac-                                                                                             05/02/09             05/03/08       Machinery & equip-
  cumulated deficit) . .      dr884,870       dr876,362                   Net Sales . . . . . . . . . .             118,169              115,881         ment . . . . . . . . . . .     711,090,000     655,270,000
Accumulated other                                                         Cost & expenses . . . .                   111,060              110,414       Leasehold interest in
  comprehensive in-                                                       Deprec., depl. &                                                               property & equip-
  come (loss) . . . . . . .    .......             dr179                     amort. . . . . . . . . . .                3,583                3,450        ment . . . . . . . . . . .      17,924,000      15,194,000
Total stockholders’ eq-                                                   Operating income . . . .                     3,526                2,017      Property & equipment,
  uity (deficit) . . . . . .    281,609          251,461                  Interest income . . . . .                     1.00                   39        at cost . . . . . . . . . .    1,570,786,000   1,444,054,000
   1 Reclassified to conform with 2009 presentation                       Interest expense . . . . .                     178                  531      Less accumulated de-
                                                                          Income taxes . . . . . . .                   1,291                  619        preciation & amorti-
BOB EVANS FARMS, INC.                                                     Net income . . . . . . .                     2,058                  906        zation . . . . . . . . . . .   652,376,000     595,316,000
   Annual Report:                                                         Earn com sh:                                                                 Net property & equip-
                                                                             Primary . . . . . . . . .                 $0.13                $0.06        ment . . . . . . . . . . .     918,410,000     848,738,000
   Consolidated           Income         Account,     years     ended        Fully Diluted . . . . .                   $0.13                $0.06      Other assets, net of
($000):                                                                                                                                                  amortization . . . . . .          8,582,000       8,898,000
                                                                          Common Shares (000):
                                  04/24/09 1 04/25/08 1 04/27/07             Fully diluted . . . . . .             15,796         15,750               Goodwill . . . . . . . . . .      50,976,000      48,308,000
Net sales . . . . . . . .        1,750,512 1,737,026 1,654,460               Year-end . . . . . . . .              15,790         15,822               Total assets . . . . . . . .     1,262,695,000   1,219,200,000
Cost of sales . . . . .            537,085      517,358       482,127       Consolidated Balance            Sheet Items, as of ($000):                   Liabilities:
Operating wage &                                                                                                                                       Current maturies of
  fringe benefit                                                             Assets:                                            05/02/09                 long-term debt . . . .          28,442,000      34,383,000
  expenses . . . . . .             597,806      604,198       596,861     Cash & equivalents . . .          ...........            5,040               Accounts payable . . . .         115,436,000     163,343,000
Other operating                                                           Inventories . . . . . . . . . .   ...........          196,830               Accrued wages & relat-
  expenses . . . . . .             280,393      282,029       265,137     Current assets . . . . . . . .    ...........          211,432                 ed taxes . . . . . . . . .      23,155,000      13,816,000
Selling, general &                                                        Net property & equip. . .         ...........           56,258
  administrative                                                                                                                                       Accrued property taxes            14,156,000      13,877,000
  expenses . . . . . .             156,965      149,070       137,675     Total assets . . . . . . . . .    ...........          269,651               Accrued insurance . . .           19,111,000      18,265,000
Depreciation &                                                               Liabilities:                                                              Other accrued ex-
  amortization                                                            Current liabilities . . . . .     ...........                  146,722         penses . . . . . . . . . .      20,943,000      15,415,000
  expense . . . . . .                81,934       77,131        74,238    Long-term debt . . . . . .        ...........                    6,720       Total current liabilities        221,243,000     259,099,000
Goodwill & other                                                          Stockholders’ equity . . .        ...........                  105,419       Long-term debt, net of
  intangibles                                                                                                                                            current maturities . .         167,887,000     181,443,000
  impairment . . . .                 67,962    .......       .......      BOXWOODS INC                                                                 Deferred income taxes            125,536,000     105,959,000
Operating income                                                                                                                                       Deferred compensation             11,085,000      10,201,000
  (loss) . . . . . . . .             28,367     107,240         98,422      New Accountants: On July 2, 2009, Co. dismissed its
Net interest income                                                       independent  registered  public  accounting    firm,                         Other long-term liabili-
  (expense) . . . . .             dr12,306     dr10,990        dr8,995    Montgomery Coscia Greilich LLP and engaged Li &                                ties . . . . . . . . . . . . .  15,914,000      15,026,000
Income (loss) before                                                      Company, LP as its new independent registered public                         Total liabilities . . . . . .    541,665,000     571,728,000
  income taxes . . .                 16,061       96,250        89,427    accountants.                                                                 Common stock . . . . . .          60,804,000      57,690,000
Provision for income                                                                                                                                   Retained earnings (ac-
  taxes . . . . . . . . .            21,207       31,374        28,885    CASEY’S GENERAL STORES, INC.                                                   cumulated deficit) . .         660,226,000     589,782,000
Net income (loss)                  dr5,146        64,876        60,542       Annual Report:                                                            Total shareholders’ eq-
Common shares(000)                                                                                                                                       uity . . . . . . . . . . . .   721,030,000     647,472,000
Weighted average                                                             Consolidated Income Account, years ended Apr.                                1 Restated to reflect the closure of 8 stores as discontin-
  shares                                                                  30 ($):
                                                                                                                                                       ued operations
  outstanding-basic                  30,744       33,065        36,105                                          2009        1 2008         1 2007
Weighted average                                                          Total revenues . . .           4,687,895,000 4,828,793,000 4,025,435,000
  shares                                                                                                                                               CATAPULT        COMMUNICATIONS            CORP




                                                                                                                                                                                                                           OTC
  outstanding-diluted                30,744       33,315        36,484    Cost of goods sold             3,964,513,000 4,142,552,000 3,441,964,000        Merger       Completed: On June 23, 2009, Josie
Year end shares                                                           Gross profit . . . . .         723,382,000 686,241,000 583,471,000           Acquisition Company (‘Josie‘), a wholly owned
  outstanding . . . .                30,712       30,611        35,142    Operating expenses             504,181,000 474,794,000 410,673,000           subsidiary of Ixia, merged with and into Co. with Co.
Net earnings (loss)                                                       Depreciation &                                                               continuing as the surviving entity and became a wholly
  per share-basic                    d$0.17        $1.96         $1.68       amortization . . .         69,406,000 67,651,000 63,944,000               owned subsidiary of Ixia. Ixia’s acquisition of Co. was
Net earnings (loss)                                                       Interest income                                                              structured as a two-step transaction, with a cash tender
  per share-diluted                  d$0.17        $1.95         $1.66       (expense), net . .          dr10,626,000 dr9,792,000 dr11,184,000         offer by Josie for the Shares at a price of $9.25 per Share in
Dividends declared                                                        Earnings (loss) from                                                         cash to the holders thereof (the ‘Offer Price‘) without
  per share . . . . . .                $.60         $.56           $.54      continuing                                                                interest and less any applicable withholding taxes, upon
Total number of                                                              operations before                                                         the terms and subject to the conditions set forth in the
  employees . . . . .              2 46,495     2 49,149    2 3 51,092       income taxes . . .          139,169,000 134,004,000 97,670,000            Offer to Purchase, dated May 26, 2009, and in the related
Number of common                                                          Federal & state                                                              Letter of Transmittal, each as amended and supplemented
  stockholders . . .               2 23,608     2 24,302      2 30,969       income taxes . . .         53,425,000 49,031,000 34,175,000
    1 Reclassified to conform with 2009 presentation 2 As                 Net earnings (loss)                                                          from time to time, filed by Ixia and Josie with the
                                                                             from continuing                                                           Securities and Exchange Commission on May 26, 2009.
is 3 Approximately                                                                                                                                     Each outstanding Share was automatically cancelled and
                                                                             operations . . . . .       85,744,000 84,973,000 63,495,000
   Consolidated Balance Sheet, as of ($000):                              Income (loss) on                                                             converted into and became a right to receive the Offer
                                                                             discontinued                                                              Price without interest and less any required withholding
   Assets:                                 04/24/09       1 04/25/08
                                                                                                                                                       taxes. The aggregate consideration paid by Josie and Ixia
Cash & equivalents . .                       13,606              7,669       operations, net . .          2 dr54,000    2 dr82,000     2 dr1,604,000
Accounts receivable . .                      23,045            19,951     Net earnings                                                                 for the Shares in the Offer and the Merger was approx.
Inventories . . . . . . . . .                31,087            31,345        (loss) . . . . . . . . 85,690,000 84,891,000 61,891,000                   $104,600,000, plus related transaction fees and expenses.
Deferred income taxes                        11,211            10,072     Common shares                                                                Aggregate consideration of approx. $2,000,000 is also
Prepaid expenses . . . .                      1,311              1,267    Weighted average                                                             being paid to holders of options to purchase Co.’s common
Assets held for sale . .                   .......                 570       shares outstanding                                                        stock that were cancelled in connection with the Merger
Total current assets . . .                   80,260            70,874        - basic . . . . . . . .    50,787,309 50,681,011 50,467,739               and that had exercise prices lower than the Offer Price.
Land . . . . . . . . . . . . .              247,348           245,765     Weighted average                                                             Ixia funded the acquisition from cash on hand.
Buildings & improve-                                                         shares outstanding
   ments . . . . . . . . . . .              918,227           877,509        - diluted . . . . . .      50,917,479 50,858,757 50,667,898               CECO ENVIRONMENTAL CORP.
Machinery & equip-                                                        Year end shares                                                                Contracts: On June 23, 2009, Co. received two new
   ment . . . . . . . . . . .               461,961           426,395        outstanding . . . .        50,842,712 50,733,162          .......         orders from Brazil totaling approximately $1,100,000, for
Construction in pro-                                                      Income (loss) per                                                            equipment that will be delivered to customers in the power
   gress . . . . . . . . . . .                2,732            11,963        share - continuing                                                        industry and in the recycling business.
Property, plant &                                                            operations - basic                $1.69         $1.68          $1.26
   equipment, gross . .                   1,630,268        1,561,632      Income (loss) per
Less accumulated de-                                                         share -                                                                   CHARLES & COLVARD LTD
   preciation . . . . . . . .               627,576           562,621        discontinued                                                                New Accountant: On June 22, 2009, Co. dismissed
Net property, plant &                                                        operations - basic            .......       .......            d$.03      Deloitte & Touche LLP as Co.’s independent registered
   equipment . . . . . . .                1,002,692           999,011     Net earnings (loss)                                                          public accounting firm and engaged FROST, PLLC as its
Deposits & other . . . .                      4,856              4,187       per share - basic                 $1.69         $1.68          $1.23      independent registered public accounting firm.
Long-term investments                        15,936            20,278     Income (loss) per
Goodwill . . . . . . . . . .                  1,567            57,729        share - continuing
Other intangible assets                      42,337            54,957        operations -                                                              CHEROKEE INC. (DE)
Total other assets . . . .                   64,696           137,151        diluted . . . . . . .             $1.68         $1.67          $1.25        Earnings, 3 mos. to May 2 (Consol.              $):
Total assets . . . . . . . .              1,147,648        1,207,036      Income (loss) per
   Liabilities:                                                              share -                                                                                               05/02/09                  05/03/08
Lines of credit . . . . . .                  67,000           138,500        discontinued                                                              Total revenues . . . . . . 8,882,000                11,523,000
Current maturities of                                                        operations -                                                              Cost & expenses . . . .    3,114,000                 3,745,000
   long-term debt . . . .                    26,904            26,904        diluted . . . . . . .         .......       .......            d$.03      Operating income . . . .   5,768,000                 7,778,000
Accounts payable . . . .                     32,220            30,013     Net earnings (loss)                                                          Other income
Federal & state income                                                       per share - diluted               $1.68         $1.67          $1.22        (expense), net . . . . .               7,000             70,000
   taxes . . . . . . . . . . .                9,867              8,528    Dividends per                                                                Income taxes . . . . . . .           1,948,000          3,175,000
Accrued non-income                                                           common share . .                    $.30          $.26           $.20     Net income . . . . . . .             3,827,000          4,673,000
   taxes . . . . . . . . . . .               22,670            22,673
Accrued wages & relat-                                                    Number of full time                                                          Earn com sh:
   ed liabilities . . . . . .                27,724            32,853        employees . . . . .               7,740     .......       .......           Primary . . . . . . . . .              $0.43             $0.52
Self insurance . . . . . .                   23,833            22,777     Number of part time                                                            Fully Diluted . . . . .                $0.43             $0.52
Deferred revenue . . . .                     14,103            12,804        employees . . . . .              11,040     .......       .......         Common Shares:
Other accrued ex-                                                         Total number of                                                                Fully diluted . . . . . .          8,814,187      8,933,707
   penses . . . . . . . . . .                21,484            31,152        employees . . . . .              18,780     .......       .......           Year-end . . . . . . . .           8,814,187      8,920,569
Total current liabilities                   245,805           326,204     Number of common
Deferred compensation                        19,808            26,478        stockholders . . .                2,329     .......       .......           Consolidated Balance           Sheet Items, as of ($):
Federal & state income                                                        1 Restated to reflect the closure of 8 stores as discontin-
                                                                                                                                                         Assets:                                            05/02/09
   taxes . . . . . . . . . . .               13,605            16,542     ued operations 2 Net of taxes (tax benefit) - Gain (loss) on                 Cash & equivalents . . .         ...........        9,582,000
Deferred income taxes                        70,883            69,684     discontinued operations: 2008 ($52,000); 2009 ($35,000) ;
Deferred rent . . . . . . .                  23,649            22,407     2007 ($1,025,000)                                                            Current assets . . . . . . . .   ...........       19,950,000
Long-term debt, net . .                     176,192           133,096                                                                                  Net property & equip. . .        ...........          194,000
Total long-term liabili-                                                     Consolidated Balance Sheet, as of Apr. 30($):                             Total assets . . . . . . . . .   ...........       29,863,000
   ties . . . . . . . . . . . . .           304,137           268,207        Assets:                                     2009             1 2008         Liabilities:
Common stock . . . . . .                        426                426    Cash & cash                                                                  Current liabilities . . . . .    ...........         7,523,000
Preferred stock . . . . . .                .......                   60      equivalents . . . . . . .          145,695,000         154,523,000        Stockholders’ equity . . .       ...........        22,340,000
Capital in excess of par                                                  Receivables - trade . . .                 7,888,000        16,662,000
   value . . . . . . . . . . .              173,970           169,087     Receivables - other . . .                 3,000,000          .......
Retained earnings (ac-                                                                                                                                 CHINA VALVES TECHNOLOGY, INC
   cumulated deficit) . .                   738,668           757,952     Inventories, net . . . . .            106,528,000         124,503,000          Contracts: On June 30, 2009, Co.’s subsidiary, Henan
Treasury stock . . . . . .                  315,358           314,900     Prepaid expenses . . . .                  1,394,000         1,419,000        Kaifeng High Pressure Valve Co., Ltd., received purchase
Total stockholders’ eq-                                                   Deferred income taxes                   11,895,000          8,398,000        orders for nuclear forged steel valves from China
   uity . . . . . . . . . . . .             597,706           612,625     Income taxes receiva-                                                        Guangdong Nuclear Power Group valued at $4,700,000.
    1 Reclassified to conform with 2009 presentation
                                                                             ble . . . . . . . . . . . . .          8,327,000         7,751,000
                                                                          Total current assets . . .            284,727,000         313,256,000
                                                                          Land . . . . . . . . . . . . .        273,406,000         249,842,000        COMARCO,         INC.
BOOKS-A-MILLION,            INC.                                          Buildings & leasehold                                                          Contracts: On June 30, 2009, Co. was selected by Dell
   Earnings, 3 mos. to May 2 (Consol.                 $000):                 improvements . . . .               568,366,000         523,748,000        Inc. to provide an innovative 90 watt DC adapter for use in
July 21, 2009                                                                    MERGENT OTC INDUSTRIAL                                                                                          Page 663

automobiles and airplanes. Terms of the contract were not                Auditors: Weinberg & Company, P.A.                                 LISTED       Over-the-Counter : DYSC
disclosed.                                                               Counsel: Richardson & Patel LLP
                                                                         Shareholder             Relations:       Jose    L. Castaneda,     EFJOHNSON TECHNOLOGIES INC
COUGAR BIOTECHNOLOGY INC                                              Shareholder Relations Group, LLC Tel.: 720-733-0051                     Contracts: On July 6, 2009, Co. received a $1,100,000
   Sale Completed: On July 10, 2009, Co. was acquired                                                                                       order from the Wyoming Department of Transportation to
by Johnson & Johnson. Terms of the acquisition were not                  No. of Stockholders: Dec. 22, 2008, 55                             provide its award-winning Project 25 compliant two-way
disclosed.                                                               No. of Employees: Jun. 30, 2009, 32                                radios and accessories.
                                                                         Address: 1524 Cloverfield Boulevard, Suite E, Santa
CPI INTERNATIONAL INC                                                 Monica, CA 90404 Tel.: 310 477-0354 Fax: 310                          ELECTRONIC ARTS, INC.
   Contracts: On June 22, 2009, Co., through its                      446-8490 E-mail: investors@deryczscientific.com Web:                     Purchase of New Capital Assets, Equipment: On
subsidiary, Communications & Power Industries, Inc.                   www.deryczscientific.com                                              July 13, 2009, Co. acquired its headquarters facilities in
(‘CPI‘), received an approximately $1,700,000 initial                    Consolidated Income Account, years ended June                      Redwood         City, California   for    approximately
contract from Globecomm Systems Inc. to support a                     30 (in $):                                                            $247,000,000 in cash, pursuant to the terms of the loan
multinational defense organization. Under the contract,                                                                                     financing agreements underlying the build-to-suit leases
CPI will supply high-power, X-band communications                                                                   2008            2007    for the facilities.
amplifiers for new and upgraded satellite ground                      Net sales . . . . . . . . . .         12,209,916        3,850,746
terminals.                                                            Cost of sales . . . . . . . .         10,023,768        3,253,120
                                                                      Gross profit . . . . . . . .           2,186,148           597,626
                                                                                                                                            ELECTRONIC CONTROL SECURITY INC.
                                                                                                                                               History & Business:
CROFF ENTERPRISES, INC.                                               Gen & admin exps . . .                 2,172,055           981,118
                                                                      Marketing & advert                                                       History: Incorporated in New Jersey in 1976.
   Merger    Development: On July 10, 2009, Co. signed a                                                                                       In Jan. 2002, Co. formed its 51% owned subsidiary
definitive reorganization and merger agreement with                      exps . . . . . . . . . . . .             40,437          23,658
America’s Minority Health Network, Inc. Terms of the                  Deprec & amort . . . . .                  236,724           58,986    ECSI Security Communications LT
transaction were not disclosed.                                       Other exps . . . . . . . . .              104,741           36,481       On Apr. 29, 2002, Co. acquired Security Assistance and
                                                                      Tot exps . . . . . . . . . . .         2,553,957        1,100,243     Special Operations.
                                                                      Income (loss) fr opers                 (367,809)         (502,617)       On Mar. 4, 2005, Co., through its wholly-owned
DATA DOMAIN INC                                                       Unreal gain (loss) on                                                 subsidiary, Clarion Sensing Systems Acquisition Corp,
   Sale Development: On July 6, 2009, Co. received an                    mkt securiti . . . . . .              (33,660)         .......     acquired all of Clarion Sensing Systems, Inc. (‘Clarion‘)
offer for all of its outstanding common stock, from EMC               Gain (loss) on sale of                                                assets and assumed $438,959 of certain liabilities of
Corp., which amounts to $33.50 per share in cash, for a                  fixed assets . . . . . . .              (5,367)        .......     Clarion. The purchase price was approximately
total enterprise value of approximately $2,100,000,000.               Int exp . . . . . . . . . . . .             32,313           6,347    $1,450,000 consisting of (i) the issuance of 394,682 shares
                                                                      Int inc . . . . . . . . . . . .           111,336           88,491    of common stock of Co. and (ii) the assumption of
DATA DOMAIN INC                                                                                                                             $655,586 of certain liabilities of Clarion, of which Co.
   Interest Sale Development: On July 6, 2009, Co.                    Income (loss) bef minor                                               already had paid approximately $413,144 as of the date
received an offer of its outstanding common stock, from                  int . . . . . . . . . . . . .       (327,813)         (420,473)    hereof and (iii) transaction fees of $159,183.
EMC Corp., which was 33.50 per share in cash, for a total             Minor int . . . . . . . . . .               10,508         cr4,982
enterprise value of approximately $2,100,000,000 net of               Net income (loss) . . .                (338,321)         (415,491)       Business: Electronic Control Security designs,
Co.’s, in cash.                                                       Common shares :                                                       develops, manufactures and markets technology-based
                                                                      Weigh avg no of shares                                                integrated security systems. Co. also provides consulting
                                                                         outstg-basic . . . . . .           12,540,226       10,625,003     services consisting of risk assessment and vulnerability
DELL INC                                                              Weigh avg no of shares                                                studies to ascertain a customer’s security requirements in
   Contracts: On June 30, 2009, Co. selected Comarco,                    outstg-diluted . . . . .           12,540,226       10,625,003     developing a comprehensive risk management and
Inc. to provide an innovative 90 watt DC adapter for use in           Yr end shares outstg . .              12,561,813       12,500,003     mitigation program, as well as product design and
automobiles and airplanes. Terms of the contract were not             Net income (loss) per                                                 engineering services and support systems integrators and
disclosed.                                                               sh-basic . . . . . . . . .              $(0.03)          $(0.04)   dealers/installers providing the same services. Integrated
                                                                      Net income (loss) per                                                 security systems comprised of one or more subsystems




                                                                                                                                                                                                                 OTC
                                                                         sh-diluted . . . . . . . .              $(0.03)          $(0.04)   and components that perform security functions for a
DEMANDTEC          INC                                                Tot no of employees . .                        1 32       .......     facility or group of facilities under the direction of a single
   Earnings, 3 mos. to May 31 (Consol.                 $000):         No of com stkhlders . .                        2 55       .......     command center and communication network.
                                              2009            2008        1 As of June 30, 2009 2 As of December 22, 2008                      Property: Co. leases its corporate headquarters in
Total revenues . . . . . .                  19,545           18,054                                                                         Clifton, NJ consisting of approx. 12,200 sq. ft., comprised
Cost & expenses . . . .                     22,943           19,504      Consolidated Balance Sheet, as of June 30 (in $):                  of administrative (2,600 sq. ft.) and manufacturing (9,600
Deprec., depl. &                                                         Assets:                                    2008            2007    sq. ft.) space. Co. also leases manufacturing space in
   amort. . . . . . . . . . .                   589              89   Cash & cash equivs . .                    849,834          382,587    Madison, AL consisting of approx. 2,500 sq. ft.
Operating income . . . .                  dr3,987           dr1,539   Short-term invests . . .               1,736,630        2,589,410                             Subsidiaries
Interest income . . . . .                       229             534   Accts receiv . . . . . . . .           3,119,158        1,338,404
Interest expense . . . . .                        31           3.00   Invent . . . . . . . . . . . .              15,956          14,885             (Wholly owned unless otherwise indicated)
Other income                                                          Ppd royalties . . . . . . .               326,077          312,525    SEM Consultants III, Inc.
   (expense), net . . . . .                       86             54   Other curr assets . . . .                   80,739          27,802    ECSI International, Inc.
Income taxes . . . . . . .                        19             80                                                                         ECSI-FOIDS, Inc.
                                                                         Tot curr assets . . . .             6,128,394        4,665,613     ECSI-DSA, Inc.
Net income . . . . . . .                  dr3,722           dr1,034   Computer equip . . . . .                    32,344          18,286
Earn com sh:                                                                                                                                ECSI Security Communications LTD (51%)
                                                                      Software . . . . . . . . . .                95,045           5,521    Clarion Sensing Systems Acquisition Corp.
   Primary . . . . . . . . .                d$0.13           d$0.04   Printing equip . . . . . .                286,452          190,260
   Fully Diluted . . . . .                  d$0.13           d$0.04                                                                         Clarion Sensing Systems, Inc.
                                                                      Furn & fixtures . . . . .                   34,677          33,446
Common Shares (000):                                                  Autos & vans . . . . . . .                   4,000          21,000                                  Officers
   Fully diluted . . . . . .                28,157           26,609   Prop & equipment,                                                     Arthur Barchenko, Chmn.; Chief Executive Officer;
   Year-end . . . . . . . .                 28,280           26,947      gross . . . . . . . . . . .            452,518          268,513       President
                                                                      Less accum deprec . . .                     89,711          15,315    Ronald Thomas, Vice President
  Consolidated Balance Sheet Items,                    as   of May    Prop & equipment, net                     362,807          253,198    Richard Stern, Vice President
31 ($000):                                                                                                                                  Eldon Moberg, Vice President; Division Officer
                                                                      Customer lists, net . . .                 1 92,778       1 172,777
   Assets:                                                    2009    Other intellectual prop                                               Thomas Isdanavich, Vice President
Cash & equivalents . . . . . . . . . . . . . .               28,458      net . . . . . . . . . . . . .        2 518,959        2 163,561    Natalie Barchenko, Secretary; Treasurer
Current assets . . . . . . . . . . . . . . . . . . .         76,628   Goodwill . . . . . . . . . .              189,185          199,185                                 Directors
Net property & equip. . . . . . . . . . . . . .               4,904      Tot assets . . . . . . . .          7,292,123        5,454,334     Arthur Barchenko                     Ronald Thomas
Total assets . . . . . . . . . . . . . . . . . . . .        112,741      Liabilities:                                                       Natalie Barchenko                    Gordon E. Fornell, (Ret.)
   Liabilities:                                                       Accts pay . . . . . . . . . .          1,997,233        1,270,221     Edward Snow                          Stephen Rossetti
Current liabilities . . . . . . . . . . . . . . . .          53,686   Pay on purch of Pools
Stockholders’ equity . . . . . . . . . . . . . .             55,950                                                                            Auditors: Demetrius & Company, LLC
                                                                         Press . . . . . . . . . . .           .......           162,392
                                                                      Cap lse obligations,                                                     No. of Stockholders: Oct. 28, 2008, 800
DERYCZ SCIENTIFIC INC                                                    curr . . . . . . . . . . . .             16,129        .......        No. of Employees: Apr. 7, 2009, 18
   History & Business:                                                Outstg cr line . . . . . . .           1,291,855             6,244
                                                                      Other curr liabil . . . . .                 88,430        .......        Address: 790 Bloomfield Avenue, Clifton, NJ 07012
   History: Incorporated in Nevada on Nov. 2, 2006.                                                                                         Tel.: 973 574-8555 Fax: 973 574-8562 Web:
   On Nov. 16, 2006, Co. acquired all of the 550,000                     Tot curr liabil . . . . .           3,393,647        1,438,857     www.anti-terrorism.com
outstanding shares of Reprints Desk, Inc. (‘‘Reprints‘‘)              Cap lse oblig . . . . . . .                 61,479        .......        Consolidated Income Account, years ended June
from the shareholders of Reprints and issued 8,000,003 of             Minor Int . . . . . . . . . .               50,102          51,128    30 (in $):
its common shares to the shareholders of Reprints.                    Com stk . . . . . . . . . . .               12,562          12,500
Following completion of the exchange transaction,                     Addit paid-in cap . . . .              4,645,364        4,484,559                                      2008         2007           2006
Reprints became a wholly-owned subsidiary of Co.                      Retain earnings (accum                                                                                                         (revised)
   On Feb. 28, 2007, Co. acquired 75% of the issued and                  deficit) . . . . . . . . . .        (871,031)         (532,710)    Revs . . . . . . . . . .    2,916,410 5,600,598 8,822,090
outstanding common stock of Pools Press, Inc. for                        Tot stkhlders eq . . .              3,786,895        3,964,349     Cost of revs . . . . .      1,894,215 4,092,450 7,638,097
consideration of $616,080. Co. paid the purchase price in                 1 Net of accumulated amortization - customer lists:
                                                                                                                                            Gross profit . . . . .      1,022,195 1,508,148 1,183,993
the form of a cash payment of $466,080 and the issuance                                                                                     Research & devel
of a note payable of $150,000.                                        2008 $182,222; 2007 $42,223 2 Net of accumulated                         exps . . . . . . . . .       98,336     141,256        207,048
                                                                      amortization - other intellectual property: 2008 $64,016;             Selling, gen & admin
   Business     Summary: Derycz Scientific is a holding               2007 $1,964                                                              exps . . . . . . . . .   1,201,211 1,848,297 2,373,729
company which, through its subsidiaries, provides its
customers with copies of published content, such as                      Debt: June 30, 2008, $77,608 (including current portion            Income (loss) fr
articles from published journals, in either electronic or             of $16,129) capital lease obligations.                                   opers . . . . . . . .    dr413,895 dr605,110 dr1,547,121
hard copy form. Co.’s customers use this content for                     Line of Credit: Co. entered into a credit agreement with           Int exp . . . . . . . . .     200,472      432,505        211,238
marketing or research purposes. Co. obtains the necessary             UBS Financial Services Inc. (‘‘UBS‘‘) on March 1, 2007.               Int inc . . . . . . . . .    .......      .......           2,638
permissions from the owners of the content’s copyrights               The credit facility is secured by Co.’s marketable securi-            Minor int in sub
so that the reproduction complies with copyright laws. Co.            ties which are held by UBS. Co. may borrow up to 80% of                  income (loss) . . .       .......        cr4,464     cr37,802
also offer a reprints service to publishers, whereby Co. is           the value of the securities held in that account. The interest        Legal settle . . . . . .      220,000     .......       .......
responsible for all aspects of reprint production, from               rate is 30 Day LIBOR plus 150 basis points. The balance               Amort of beneficial
taking orders to final shipment. Pools Press also offers              of the credit facility on June 30, 2008 was $1,291,855.                  conversion feature           18,440       71,714        18,186
other commercial printing products, such as the                       There is no stated maturity on the credit facility. The               Tot other income
production of business cards, and newsletters.                        interest rate charged on the line of credit facility is based            (expense) . . . . .      dr438,912 dr499,755 dr188,984
                                                                      on 30 Day LIBOR, The interest rate outstanding as of June             Income (loss) bef inc
   Property: Co. maintains its principal executive office             30, 2008 was 3.982% per annum.                                           tax . . . . . . . . . .  dr852,807 dr1,104,865 dr1,736,105
in Santa Monica, CA.                                                                                                                        Net income (loss)
   Co.’s majority owned subsidiary, Pools Press, Inc.                    Capital: 1. Derycz Scientific Inc common; par
leases 13,000 sq. ft. of office space in Northbrook, IL.              $0.001.                                                                  bef dividends            dr852,807 dr1,104,865 dr1,736,105
                                                                      AUTH        100,000,000 shs.                                          Dividends rel to conv
                        Subsidiaries                                  OUTSTG           Jun. 30, 2008 12,561,813 shs; par $0.001.               pfd st . . . . . . . .     110,751      100,050        285,903
                                                                      WARRANTS               2,450,000 shs.                                 Common shares :
       (Wholly owned unless otherwise indicated)                      OWNERSHIP               As of Dec. 22, 2008, Peter Derycz,            Net income (loss)
Reprints Desk, Inc.                                                   Chairman & Chief Executive Officer; Bristol Investment                   attrib to com shar       dr963,558 dr1,204,915 dr2,022,008
Pools Press, Inc. (75%)                                               Fund, Ltd.; and all Directors and Executive Officers as a             Weigh avg shares
                        Officers                                      group owned 30.9%, 23.2% and 32.6%, respectively, of                     outstg-basic . . . .    10,044,762 8,820,450 8,384,312
Peter Derycz, Chairman; Chief Executive Officer                       Co.’s outstanding common stock.                                       Weigh avg shares
Richard McKilligan, Chief Financial Officer; Secretary;               VOTING RIGHTS                  Entitled to one vote per share with       outstg-diluted . .      10,044,762 8,820,450 8,384,312
  General Counsel                                                     non-cumulative voting for directors.                                  Yr end shares outstg       10,149,259 9,640,267 8,723,601
                                                                      OPTIONS           June 30, 2008, authorized for issuance,             Net income (loss) per
                        Directors                                     1,500,000 shares; options outstanding, 530,000 shares.                   sh-basic . . . . . .        dr$0.10     dr$0.14        dr$0.24
Peter Derycz                  Janice Peterson                         TRANSFER AGENT                    American Stock Transfer &           Net income (loss) per
Scott Ahlberg                                                         Trust Company, New York, NY                                              sh-diluted . . . . .        dr$0.10     dr$0.14        dr$0.24
Page 664                                                                           MERGENT OTC INDUSTRIAL                                                                                  July 21, 2009

No of full time                                                         PRIVATE PLACEMENT               (2,000 shares) privately       Optical subsystems
   employees . . . . .               3 18          1 21          2 27   placed on June 30, 2004 for an aggregate purchase price of        & components . .                497,058      401,625       381,263
No of com stkhlders              4 7 195       4 5 195       4 6 196    $2,000,000.                                                    Network
    1 As of September 22, 2007 2 As of September 22,                       3. Electronic Control Security Inc. common; par                performance test
2006 3 As of September 22, 2008 4 Approximately 5 As                    $0.001.                                                           systems . . . . . . .             44,179       38,555       37,285
of September 25, 2007 6 As of September 9, 2006 7 As of                 AUTH       30,000,000 shs.                                     Total revenues . . .               541,237      440,180       418,548
September 26, 2008                                                      OUTSTG        Jun. 30, 2008 10,149,259 shs; par $0.001.        Cost of revenues . .               365,572      292,161       270,272
                                                                        STOCK SPLITS           $0.001 par shares reverese split        Impairment of
   Consolidated Balance Sheet, as of June 30 (in $):                                                                                      acquired
                                                                        1-for-50 Oct. 11, 2001.
   Assets:                                   2008              2007     OPTIONS        June 30, 2008, reserved for issuance,              developed
Cash & cash equivs . .                     72,592            58,107     2,250,000 shares; available for future grant, 1,343,000           technology . . . .                 1,248    .......      .......
Accts receivable, curr                                                  shares; options outstanding, 1,124,500 shares.                 Amortization of
   portion, gross . . . . .             1,547,880         1,019,671     PRIVATE PLACEMENT              (40 units, each unit consist-      acquired
Less allow . . . . . . . . .              100,000           100,000     ing of 25,000 shares of series A convertible preferred            developed
Accts receivable, curr                                                  stock and 12,500 common stock purchase warrants) pri-             technology . . . .                 6,039        6,501         6,002
   portion, net . . . . . . .           1,447,880           919,671     vately placed in Jan. to Mar. 2002 for gross proceeds of       Gross profit (loss)                168,378      141,518       142,274
Accts receivable,                                                       $2,000,000.                                                    Research &
   retainage . . . . . . . .              797,888           797,888     RESERVED FOR CONVERSION                    June 30, 2008,         development . . .                 92,057       76,544       64,559
Raw mater . . . . . . . . .               358,877           384,366     reserved for conversion of series A convertible preferred      Sales & marketing                    37,747       40,006       36,122
Work-in-process . . . .                   467,297           328,888     stock, 264,000 shares; reserved for conversion of series B     General &
Finished goods . . . . . .              1,326,359         1,448,295     convertible preferred stock, 791,000 shares.                      administrative . .                40,761       43,710       39,150
Invent . . . . . . . . . . . .          2,152,533         2,161,549     LISTED       OTC : EKCS                                        Acquired in-process
Other curr assets . . . .                 337,461           358,122                                                                       research &
                                                                        ENERGY CONVERSION DEVICES, INC.                                   development . . .                 10,500    .......           5,770
   Tot curr assets . . . .              4,808,354         4,295,337                                                                    Amortization of
Furn & fixtures . . . . .                  70,551            70,551       Interest Sale Completed: On July 13, 2009, Co.’s                purchased
Mach & equip . . . . . .                  858,512           856,391     subsidiary, Ovonic Battery Company, Inc., and Chevron             intangibles . . . .                2,686        1,748         1,814
Improve . . . . . . . . . . .              23,008            23,008     Technology Ventures LLC sold their respective                  Impairment of
Software . . . . . . . . . .              106,415           106,415     membership interests in Cobasys LLC to SB LiMotive Co.            goodwill &
Software devel costs . .                  526,760           526,760     Ltd. Terms of the transaction were not disclosed.                 intangible assets               238,507        40,106    .......
Prop equip & software                                                   ENERGY CONVERSION DEVICES, INC.                                Total operating
   devel co . . . . . . . . .           1,585,246         1,583,125       Contracts: On July 14, 2009, Co. signed a supply                expenses . . . . . .            422,258      202,114       147,415
Less accum deprec &                                                     agreement with Inovateus Solar LLC. Terms of the               Income (loss) from
   amort . . . . . . . . . . .          1,278,458         1,134,655     contract were not disclosed.                                      operations . . . . .         dr253,880      dr60,596       dr5,141
Prop equip & software                                                                                                                  Interest income . . .                 1,762        5,805         6,204
   devel co . . . . . . . . .             306,788           448,470     ENERGYTEC,        INC                                          Interest expense . .                  9,687       17,236       16,044
Intang assets, net . . . .              1,198,367         1,281,612        Bankruptcy      Proceedings: On May 13, 2009, Co. and       Loss on convertible
Accts receivable,                                                       its subsidiary, Comanche Well Service Corp.,                      debt exchange . .              .......      .......         31,606
   non-curr port . . . . .               .......             73,923     (collectively, the ‘Debtors‘), filed voluntary petitions for   Gain on repurchase
Goodwill . . . . . . . . . .               50,000            50,000     reorganization under chapter 11 of title 11 of the United         of convertible
Defer inc tax . . . . . . .               460,750           442,300     States Code, in the United States Bankruptcy Court                debt . . . . . . . . .             3,838    .......      .......
Other assets . . . . . . . .              156,382           156,614     (‘Bankruptcy Court‘), for the Eastern District of Texas,       Other income
   Tot assets . . . . . . . .           6,980,641         6,748,256     Sherman Division. The Debtors will continue to operate            (expense), net . .              dr3,803         dr298        dr724
   Liabilities:                                                         their business as ‘debtors-in possession‘ in accordance        Income (loss) before
Accts pay & accrued                                                     with sections 1107 and 1108 and other applicable                  income taxes &
                                                                        provisions of the Bankruptcy Code, and subject to the             cumulative effect




                                                                                                                                                                                                                 OTC
   exps . . . . . . . . . . . .         2,675,299         1,982,336
Curr matur of                                                           requirements of the Bankruptcy Code, which include court          of change in
   long-term debt . . . .                 106,991           100,841     approval of matters outside the ordinary course of                accounting
8% conv debentures . .                  1 444,786          .......      business.                                                         principle . . . . . .        dr261,770      dr72,325      dr47,311
Payroll tax pay . . . . . .                   613                799                                                                   Provision for (
                                                                                                                                          benefit from)
   Tot curr liabil . . . . .            3,227,689         2,083,976     ENTRUST INC.                                                      income taxes . . .               cr6,962        2,233         2,810
Long-term debt . . . . .                 .......             35,831        Sale Development: On July 10, 2009, Co. entered into        Income (loss) before
8% conv debentures . .                   .......          1 369,983     an amendment to its merger agreement, in which Thoma              cumulative effect
Due to officers & shhl-                                                 Bravo, LLC will acquire all of the outstanding shares of          of change in
   ders . . . . . . . . . . . .           444,308           622,655     Co.’s common stock for $2.00 per share in cash, in a              accounting
Defer inc tax . . . . . . .                66,950            48,500     transaction valued at approximately $124,000,000.                 principle . . . . . .        dr254,808      dr74,558      dr50,121
Tot liabil . . . . . . . . . .          3,738,947         3,160,945                                                                    Cumulative effect of
Ser A conv pfd stk . . .                    3,000             3,250     ERESEARCHTECHNOLOGY               INC.                            change in
Ser B 10% conv pfd                                                         Interest Sale    Completed: On June 23, 2009,                  accounting
   stk . . . . . . . . . . . . .                1                   1   OmniComm Systems, Inc. acquired the EDC business                  principle, net of
Com stk . . . . . . . . . . .              10,249             9,740     from Co. Terms of the transaction were not disclosed.             taxes . . . . . . . . .        .......      .......           1,213
Addit paid-in cap . . . .             12,735,943         12,118,260                                                                    Net income (loss)               dr254,808      dr74,558      dr48,908
Retain earnings (accum                                                                                                                 Common shares(000)
   deficit) . . . . . . . . . .     dr9,502,288         dr8,538,730     EV3 INC                                                        Weighted average
Accum other compre-                                                        Acquisition    Completed: On June 23, 2009, Co.                shares outstanding
   hensive income                                                       acquired Chestnut Medical Technologies, Inc. for approx.          - basic . . . . . . . .         420,456      308,680       307,814
   (loss) . . . . . . . . . . .             4,790             4,790     $26,000,000, in cash, and approx. $49,000,000 paid in the      Weighted average
Treas stock, at cost . . .                 10,000            10,000     form of approx. 5,073,000 shares of Co.’s common stock.           shares outstanding
   Tot shhlders equity                                                                                                                    - diluted . . . . . .           420,456      308,680       307,814
   (deficit) . . . . . . . . .        2 3,241,694         3,587,311     EUOKO GROUP INC                                                Year end shares
    1 Net of discounts: 2008 $45,214; 2007 $130,017 2 As
                                                                          Earnings, 9 mos. to Apr. 30 (Consol.         $):                outstanding . . . .             477,492      308,839       308,633
                                                                                                                                       Net income (loss) per
reported by Company                                                                                 04/30/09              04/30/08        share - continuing
   Long-Term Debt: June 30, 2008, $551,777 (classified                                  ....
                                                                        Net Sales . . . . . .        957,895               673,766        operations - basic                 d$.61        d$.24         d$.16
as current) comprised of:                                               Cost & expenses ....       2,450,273             4,427,144     Net income (loss) per
   (1) $20,245 term loan, bearing interest at prime rate                Operating income....     dr1,492,378           dr3,753,378        share - basic . . .               d$0.61       d$0.24       d$0.16
plus 0.5% per annum.                                                                    ....
                                                                        Interest expense .           121,248                62,786     Net income (loss) per
   (2) $86,746 8% secured note.                                         Other income                                                      share - continuing
   (3) $444,786 8% senior secured convertible deben-                       (expense), net .     ....      .......         dr49,812        operations -
tures.                                                                  Income taxes . . .      ....      .......              965        diluted . . . . . . .              d$.61        d$.24         d$.16
                                                                        Net income . . .        ....   dr1,613,626     dr3,866,941     Net income (loss) per
   Capital Stock: 1. Electronic Control Security Inc.                   Earn com sh:                                                      share - diluted . .               d$0.61       d$0.24       d$0.16
series A convertible preferred; par $0.01.                                 Primary . . . . .    ....       d$0.05            d$0.11    Total number of
AUTH        5,000,000 shs.                                                 Fully Diluted .      ....       d$0.05            d$0.11       employees . . . . .            2 3 5,004    2 3 4,476    2 3 3,908
OUTSTG           Jun. 30, 2008 300,000 shs; par $0.01.                  Common Shares:
DIVIDEND RIGHTS                  Entitled an annual dividend of            Fully diluted . .    ....   35,100,000       35,100,000     Number of common
$0.20 per share, payable quarterly, (payable in cash or                    Year-end . . . .     ....   35,100,000       35,100,000        stockholders . . .               3 5 431      3 4 398    2 3 6 425

shares of common stock valued at $2.00 per share), when,                                                                               Number of
as and if declared by the Board of Directors. Dividends                                                                                   beneficiary
will be paid on a cumulative basis.                                     EZENIA! INC.                                                      stockholders . . .             .......     2 3 4 43,000 2 3 6 45,000

LIQUIDATION                Entitled to liquidation preference in          Contracts: On June 23, 2009, Co. was awarded two                 1 Reclassified to conform with 2009 presentation
the amount of $2.00 per share and Co. may redeem them                   additional contracts from the Air Force through Red River       2 Approximate 3 As is 4 As of May 30, 2008 5 As of
commencing one year from date of issuance if the com-                   Computer Co., Inc. on its SEWP-IV contract and through         May 30, 2009 6 As of June 30, 2007
mon shares have traded at or above $4.00 for a period of                General Dynamics - Information Technology (GD-IT),
                                                                        Inc. on its NETCENTS contract. Terms of the contract              Consolidated Balance Sheet, as of Apr. 30($000):
twenty consecutive trading days.                                        were not disclosed.
CONVERTIBLE                 At the option of the holder into one                                                                          Assets:                                    2009             1 2008
common share, commencing 120 days after closing. The                                                                                   Cash & cash
conversion ratio is subject to certain adjustments, as                  FINISH LINE, INC. (THE)                                           equivalents . . . . . . .                 37,129            79,442
defined.                                                                   Interest Sale Completed: On July 3, 2009, Co. and its       Short-term availa-
   2. Electronic Control Security Inc. series B con-                    subsidiary, The Finish Line Man Alive, Inc. (‘Man                 ble-for-sale invest-
vertible preferred; par $0.001.                                         Alive‘), sold its Man Alive retail business to Man Alive          ments . . . . . . . . . . .                   92            30,577
AUTH        2,000 shs.                                                  Acquisitions, LLC (‘MA‘), an entity controlled by Jimmy        Accounts receivable,
OUTSTG           Jun. 30, 2008 791 shs; par $0.001.                     Khezrie, the owner and operator of Jimmy Jazz stores. The         net . . . . . . . . . . . . .             81,820            48,005
DIVIDEND RIGHTS                  The preferred stock provides for       sale was consummated pursuant to an Asset Purchase             Accounts receivable,
a dividend at the rate of 10% per annum, payable quar-                  Agreement dated June 21, 2009 (the ‘Agreement‘), and              other . . . . . . . . . . .               10,033            12,408
terly, (payable in cash or by adding the dollar amount of               under the Agreement, MA acquired and assumed all of            Inventories . . . . . . . . .               112,300            82,554
such dividends to the stated value), dividends will be paid             Man Alive’s leasehold interests (excluding the leasehold       Prepaid expenses . . . .                      7,122             7,652
on a cumulative basis.                                                  interest in Man Alive’s corporate headquarters), all           Total current assets . . .                  248,496          260,638
LIQUIDATION RIGHTS                    The preferred shares have a       furniture, fixtures and equipment at Man Alive’s retail        Long-term availa-
liquidation preference in the amount of $1,000 per share                stores, the inventory in the stores and in the Company’s          ble-for-sale invest-
and has preference to any payments to the preferred A                   distribution center, the inventory under open purchase            ments . . . . . . . . . . .            .......               9,236
shareholders.                                                           order commitments, and all intellectual property of Man        Property, equipment &
CONVERTIBLE                 Each preferred share is convertible at      Alive, including the ‘Man Alive‘ and ‘Decibel‘                    improvements, net                         84,040            89,847
the option of the holder into 1,000 shares of common                    trademarks and trade names. In consideration for the           Purchased technology,
stock. The conversion price is subject to anti-dilution                 transaction, MA received a purchase price rebate of               net . . . . . . . . . . . . .             16,663            11,850
adjustments, including, among other things, in the event                $7,700,000 from Co. and Man Alive, of which $1,600,000         Other intangible assets,
that Co. sells common stock during the next three years for             was paid directly to MA; $4,100,000 was deposited into an         net . . . . . . . . . . . . .             14,316             3,899
a price of less than one dollar per share. Co. may require              escrow account to be held and paid out under the terms of      Goodwill . . . . . . . . . .              .......              88,242
the conversion of all (but not less than all) of the then               an escrow agreement; and $2,000,000 will be paid in 12         Minority investments                         14,289            13,250
outstanding shares of series B preferred stock, if at any               equal monthly installments commencing in Aug. 2009.            Other assets . . . . . . . .                  2,897             3,241
time the volume weighted average trading price per share                                                                               Total assets . . . . . . . .                380,701          480,203
of common stock for each of 20 consecutive trading days                 FINISAR CORP                                                      Liabilities:
prior to a conversion notice is greater than $2.50 (subject               Annual Report:                                               Accounts payable . . . .                     48,421            43,040
to adjustment), and the daily trading volume of the com-                  Consolidated Income Account, years ended Apr.                Accrued compensation                         11,428            14,397
mon stock is at least 100,000 shares. In addition all shares            30 ($000):                                                     Other accrued liabili-
of common stock underlying the series B preferred stock                                                                                   ties . . . . . . . . . . . . .            30,713            23,397
must be covered by an effective registration statement.                                        2009     1 2008    1 2007               Deferred revenue . . . .                      4,663             5,312
July 21, 2009                                                              MERGENT OTC INDUSTRIAL                                                                                                   Page 665

Current portion of other                                        ations: 2008 $230,000; 2007 $236,000 5 As is 6 Approxi-               Common Shares:
  long-term liabilities             .......          424        mately 7 As of July 3, 2008 8 As of June 12, 2009                       Fully diluted . . . . . .          31,016,000              30,605,000
Current portion of                                                 Consolidated Balance Sheet, as of Apr. 30($000):                     Year-end . . . . . . . .           31,160,000              30,656,000
  long-term debt . . . .               6,107       2,012
Convertible notes . . . .           .......    2 101,918           Assets:                             2009          1 2008
Non-cancelable                                                  Cash & cash                                                           G-III APPAREL GROUP LTD.
  purchase obligations                 2,965       3,206           equivalents . . . . . . .        10,117          29,099              Earnings, 3 mos. to Apr. 30 (Consol.                       $000):
Total current liabilities            104,297     193,706        Restricted cash . . . . . .             220             142                                                          2009               2008
Convertible notes, net                                          Receivables, net . . . . .          32,103          33,632            Net Sales . . . . . . . . . .              115,933               75,396
  of current portion . .             142,000     150,000        Inventories . . . . . . . . .       21,480          29,339            Cost & expenses . . . .                    125,601               85,024
Long-term debt, net of                                          Deferred income taxes,                                                Deprec., depl. &
  current portion . . . .             15,305       3,626           net . . . . . . . . . . . . .      8,686           2,889             amort. . . . . . . . . . .                  1,404               1,580
Other long-term liabili-                                        Deferred acquisition                                                  Operating income . . . .                 dr11,072              dr11,208
  ties . . . . . . . . . . . . .       3,161      15,285           costs . . . . . . . . . . .      17,093            7,953           Other income
Deferred income taxes                  1,149       8,903        Other current assets . .              5,544           6,456             (expense), net . . . . .                    dr685               dr566
Total liabilities . . . . . .        265,912     371,520        Total current assets . . .          95,243         109,510            Income taxes . . . . . . .                 cr4,938              cr4,886
Common stock . . . . . .                 477         309        Property & equipment,                                                 Net income . . . . . . .                   dr6,819              dr6,888
Additional paid-in capi-                                           net . . . . . . . . . . . . .    22,983          18,790            Earn com sh:
  tal . . . . . . . . . . . . .    1,811,298   1,540,241        Intangible assets, net                4,456           4,062             Primary . . . . . . . . .                  d$0.41              d$0.42
Accumulated other                                               Goodwill . . . . . . . . . .      .......             2,764             Fully Diluted . . . . .                    d$0.41              d$0.42
  comprehensive in-                                             Deferred income taxes,                                                Common Shares (000):
  come (loss) . . . . . . .            2,662      12,973           net . . . . . . . . . . . . .    17,480          15,535              Fully diluted . . . . . .                  16,696               16,482
Retained earnings (ac-                                          Other long-term assets                4,798             494             Year-end . . . . . . . .                   16,696               16,506
  cumulated deficit) . .         dr1,699,648 dr1,444,840        Total assets . . . . . . . .       144,960         151,155              Consolidated Balance Sheet Items,                      as     of Apr.
Total stockholders’ eq-                                            Liabilities:                                                       30 ($000):
  uity (deficit) . . . . . .         114,789     108,683        Notes payable . . . . . .           15,226            1,118
   1 Reclassified to conform with 2009 presentation             Current portion of                                                      Assets:                                                         2009
2 Beneficial conversion feature of: 2008 $2,026,000                long-term obliga-                                                  Cash & equivalents . . . . . . . . . . . . . .                    2,262
                                                                   tions . . . . . . . . . . . .      1,367             977           Inventories . . . . . . . . . . . . . . . . . . . . .            89,354
                                                                Accounts payable . . . .            10,215          19,516            Current assets . . . . . . . . . . . . . . . . . . .            174,956
FIRST ADVANTAGE CORP                                            Accrued payroll & re-                                                 Net property & equip. . . . . . . . . . . . . .                   9,755
   Sale    Development: On June 29, 2009, The First                lated liabilities . . . .          5,406           8,189           Total assets . . . . . . . . . . . . . . . . . . . .            244,568
American Corporation (‘First American‘) entered into an         Taxes payable & other                                                   Liabilities:
agreement to acquire the issued and outstanding common             accrued taxes . . . . .            2,276           3,617           Current liabilities . . . . . . . . . . . . . . . .              81,475
stock of Co. Under the terms of the offer, Co.’s                Deferred income taxes                   651             686           Stockholders’ equity . . . . . . . . . . . . . .                155,825
shareholders would receive, at a fixed exchange ratio,          Deferred revenue . . . .              4,649           4,980
0.5375 of a share of First American’s common stock for          Customer deposits . . .               3,322           4,549
each share of Co.’s common stock. The proposed                  Reserve for patent liti-                                              GENTIVA HEALTH SERVICES INC
exchange ratio represents an offer price of $14.04 per             gation . . . . . . . . . . .     15,000        .......               Acquisition     Completed: On June 24, 2009, Co.
share and a 10.2 percent premium to Co.’s stock price,          Other accrued liabili-                                                acquired Mid-State Home Health. Terms of the transaction
based on First American’s and Co.’s closing stock prices           ties . . . . . . . . . . . . .     9,208           9,753           were not disclosed.
on Friday, June 26, 2009.                                       Total current liabilities           67,320          53,385
                                                                Total long-term obliga-                                               GLOBECOMM SYSTEMS INC.
FLOW INTERNATIONAL CORP.                                           tions, net . . . . . . . .         1,937           2,333              Contracts: On June 22, 2009, Co. awarded an
   Annual Report:                                               Deferred income taxes                 5,498           7,787           approximately     $1,700,000    initial  contract   to
                                                                Reserve for patent liti-                                              Communications & Power Industries, Inc. (‘CPI‘), a




                                                                                                                                                                                                                   OTC
   Consolidated Income Account, years ended Apr.                   gation . . . . . . . . . . .       6,000       .......             subsidiary of CPI International, Inc., to support a
30 ($000):                                                      Other long-term liabili-                                              multinational defense organization. Under the contract,
                                                                   ties . . . . . . . . . . . . .     1,494           1,586           CPI will supply high-power, X-band communications
                                2009      1 2008   1 2 3 2007
                                                                Total liabilities . . . . . .       82,249          65,091            amplifiers for new and upgraded satellite ground
Sales . . . . . . . . . .    210,103     244,259     213,435    Common stock . . . . . .                372             371           terminals.
Cost of sales . . . . .      121,775     142,549     122,662    Capital in excess of par           140,634         139,007
Gross margin . . . .          88,328     101,710      90,773    Retained earnings (ac-
Sales & marketing                                                  cumulated deficit) . .         dr71,403        dr47,584            HEELYS INC
   expense . . . . . .        41,170      42,272      39,478    Defined benefit plan                                                    New      Accountant: On June 30, 2009, Deloitte &
Research &                                                         obligation, net . . . .           2 dr80        2 dr280            Touche LLP was dismissed as Co.’s independent
   engineering                                                  Cumulative translation                                                registered public accounting firm. Also on June 30, 2009,
   expense . . . . . .         8,644       8,771        9,383      adjustment, net . . . .          3 6,812         3 5,450           Grant Thornton LLP was engaged as Co.’s new
General &                                                       Total shareholders’ eq-                                               independent registered public accounting firm.
   administrative                                                  uity (deficit) . . . . . .       62,711          86,064
   expense . . . . . .        29,506      33,888      37,255
Provision for patent                                                1 Reclassified to conform with 2009 presentation 2 Net            HERLEY INDUSTRIES, INC.
   litigation . . . . . .     29,000   .......      .......     of income tax: 2008 $93,000; 2009 $37,000 3 Net of                       Contracts: On June 8, 2009, Co.’s Lancaster division
Goodwill                                                        income tax - Cumulative translation adjustment: 2008                  was awarded a subcontract valued at approx. $11,000,000
   impairment . . . .          2,764   .......      .......     $764,000; 2009 $508,000                                               from a major prime contractor for the continuing
Restructuring &                                                                                                                       production of electronic hardware for a U.S. missile
   other operating                                                                                                                    program.
                                                                FORTUNET INC
   charges . . . . . . .       6,878   .......      .......       New     Accountant: On June 23, 2009, Schechter
Total expenses . . .         117,962      84,931      86,116    Dokken Kanter Andrews & Selcer Ltd. was dismissed as                  HSW INTERNATIONAL INC
Operating income                                                Co.’s independent registered public accounting firm. On                 New Accountant: On June 19, 2009, Grant Thornton
   (loss) . . . . . . . .   dr29,634      16,779        4,657   June 25, 2009, BDO Seidman, LLP was engaged as Co.’s                  LLP was dismissed as Co.’s independent registered public
Interest income . . .             494         780         838   new independent registered public accounting firm.                    accounting    firm.    Also    on   June     19,   2009,
Interest expense . .           1,562          419         409                                                                         PricewaterhouseCoopers LLP was engaged as Co.’s new
Other income                                                                                                                          independent registered public accounting firm.
   (expense), net . .          dr614     dr1,846        1,922   FOSTER (L.B.) CO.
Income (loss) before                                              Contracts: On July 2, 2009, Co. received a $6,500,000
   provision (benefit)                                          contract for transit rail and associated rail products, for use       IAC/INTERACTIVECORP
   for income taxes         dr31,316      15,294        7,008   on Chicago Transit Authority’s Dearborn Subway Project.                 Acquisition     Development: On July 7, 2009, Co.’s
Provision (benefit)                                                                                                                   business unit, Match.com, has signed an agreement to
   for income taxes          cr8,230     cr6,617        2,986                                                                         acquire People Media from American Capital Ltd.
Income (loss) from                                              FRED’S INC.                                                           (‘American Capital‘), funds affiliated with American
   continuing                                                      Earnings, 3 mos. to May 2 (Consol.                 $000):          Capital and other investors for $80,000,000, in cash.
   operations . . . . .     dr23,086      21,911        4,022                                             05/02/09        05/03/08
Income (loss) from                                              Net Sales . . . . . . . . . .              458,380         464,292    IMAGE ENTERTAINMENT, INC.
   operations of                                                Cost & expenses . . . .                    438,261         445,471       Annual Report:
   discontinued                                                 Deprec., depl. &
   operations, net . .         dr733        4 443       4 418      amort. . . . . . . . . . .                 6,438           7,083      Consolidated Income Account,                years ended Mar.
Gain (loss) on sale of                                          Operating income . . . .                     13,681          11,738   31 ($000):
   discontinued                                                 Interest income . . . . .                          23            98
   operations, net . .      .......    .......         dr685    Interest expense . . . . .                       132            271                                  2009              2008              2007
Net income (loss)           dr23,819      22,354        3,755   Income taxes . . . . . . .                    5,022           4,315   Net revenues . . . . .      130,691             95,818            99,751
Common shares(000)                                              Net income . . . . . . .                       8,550          7,250   Cost of sales . . . . .     103,237             85,450            82,022
Weighted average                                                Earn com sh:                                                          Selling expenses . .          14,225            10,412            10,456
   shares outstanding                                              Primary . . . . . . . . .                  $0.21           $0.18   General &
   - basic . . . . . . . .    37,627      37,421      37,192       Fully Diluted . . . . .                    $0.21           $0.18      administrative
Weighted average                                                Common Shares (000):                                                     expenses . . . . . .       16,879            19,014            17,407
   shares outstanding                                              Fully diluted . . . . . .                 40,007          39,972   Restructuring
   - diluted . . . . . .      37,627      37,893      37,868       Year-end . . . . . . . .                  40,037          39,923      expenses . . . . . .    .......                    612      .......
Year end shares                                                                                                                       Total operating costs
   outstanding . . . .        37,705      37,590      37,268      Consolidated Balance Sheet Items, as of ($000):                        & expenses . . . .       134,341            115,488           109,885
Income (loss) per                                                                                                                     Earnings (loss) from
                                                                   Assets:                                                05/02/09       operations . . . . .     dr3,650           dr19,670          dr10,134
   share-continuing                                             Cash & equivalents . . . . . . . . . . . . . .               50,514   Interest expense, net          3,320             3,345             2,434
   operations-basic            d$.61         $.59        $.11   Inventories . . . . . . . . . . . . . . . . . . . . .      318,141    Other income
Income (loss) per                                               Current assets . . . . . . . . . . . . . . . . . . .       426,523       (expenses) . . . . .        5,205                  4.00     .......
   share-discontinued                                           Net property & equip. . . . . . . . . . . . . .           dr96,006    Total other income
   operations-basic            d$.02         $.01      d$.01    Total assets . . . . . . . . . . . . . . . . . . . .       576,274       (expenses) . . . . .        1,885           dr3,341           dr2,434
Net income (loss) per                                              Liabilities:                                                       Earnings (loss)
   share-basic . . . .        d$0.63       $0.60        $0.10   Current liabilities . . . . . . . . . . . . . . . .        159,483       before income
Income (loss) per                                               Long-term debt . . . . . . . . . . . . . . . . .              4,838      taxes . . . . . . . . .  dr1,765           dr23,011          dr12,568
   share-continued                                              Stockholders’ equity . . . . . . . . . . . . . .           395,425    Income tax expense
   operations-diluted          d$.61         $.58        $.11                                                                            (benefit) . . . . . .          39                    42              43
Income (loss) per                                                                                                                     Net earnings
   share-discontinued                                           FSI INTERNATIONAL, INC.
                                                                   Earnings, 9 mos. to May 30 (Consol.               $):                 (loss) . . . . . . . .   dr1,804           dr23,053          dr12,611
   operations-diluted          d$.02         $.01      d$.01                                                                          Common shares(000)
Net income (loss) per                                                                             05/30/09             05/31/08       Weighted average
   share-diluted . . .        d$0.63       $0.59        $0.10   Net Sales . . . . . . . . . .   36,308,000           64,193,000          shares outstanding
Number of full time                                             Cost & expenses . . . .         53,895,000           69,725,000          - basic . . . . . . . .    21,856            21,734            21,482
   employees . . . . .          5 649       5 759   .......     Operating income . . . .      dr17,587,000          dr5,532,000       Weighted average
Total number of                                                 Interest income . . . . .          228,000              759,000          shares outstanding
   employees . . . . .          5 649       5 759   .......     Interest expense . . . . .          38,000              112,000          - diluted . . . . . .      21,856            21,734            21,482
Number of common                                                Other income                                                          Year end shares
   stockholders . . .      5 6 8 1,046 5 6 7 782    .......        (expense), net . . . . .      dr167,000              170,000          outstanding . . . .        21,856            21,856            21,577
    1 Reclassified to conform with 2009 presentation            Gains or losses . . . . . .        110,000             .......        Net earnings (loss)
 2 Restated to reflect correction of errors in the accrual of   Income taxes . . . . . . .          98,000            cr163,000          per share - basic          d$0.08            d$1.06            d$0.59
foreign income tax expense, accrual of product warranty         Net income . . . . . . .      dr17,552,000          dr4,552,000       Net earnings (loss)
expense and other errors 3 Restated to reflect the CIS          Earn com sh:                                                             per share - diluted        d$0.08            d$1.06            d$0.59
Technical Solutions division as discontinued operations 4          Primary . . . . . . . . .        d$0.57                 d$0.15     Number of full time
Net of income tax - Income (loss) from discontinued oper-          Fully Diluted . . . . .          d$0.57                 d$0.15        employees . . . . .       1 3 108            1 2   138        1 4   159
Page 666                                                                          MERGENT OTC INDUSTRIAL                                                                                   July 21, 2009

Number of part time                                                    Earn com sh:                                                            Total current assets . . .          177,593       199,381
   employees . . . . .            .......     .......      1 4 1.00      Primary . . . . . . . . .             d$0.13                $1.23     Property & equipment,
Total number of                                                          Fully Diluted . . . . .               d$0.13                $1.23        net . . . . . . . . . . . . .  1,177,540     1,328,986
   employees . . . . .              1 3 108     1 2 138     1 4 160    Common Shares (000):                                                    Goodwill . . . . . . . . . .        313,136       307,649
Number of common                                                         Fully diluted . . . . . .             48,557              50,480      Other intangible assets,
   stockholders . . .           1 5 7 1,191  1 5 6 1,199 1 5 8 1,218     Year-end . . . . . . . .              48,574              49,473         net . . . . . . . . . . . . .     83,588        89,252
Number of                                                                                                                                      Deferred financing
   beneficiary                                                                                                                                    costs, net . . . . . . . .         9,314        13,381
   stockholders . . .             .......    1 5 9 3,171 1 5 8 2,755   ISLE OF CAPRI CASINOS INC                                               Restricted cash . . . . . .           2,774         4,802
    1 As is 2 As of June 2, 2008 3 As of June 19, 2009
                                                                          Annual Report:                                                       Prepaid deposits & oth-
 4 As of June 1, 2007 5 Approximately 6 As of June 13,                    Consolidated            Income       Account,     years    ended        er assets . . . . . . . . .       18,717        22,948
2008 7 As of June 15, 2009 8 As of June 11, 2007 9 As of               ($000):                                                                 Deferred income taxes              .......          7,767
February 26, 2008                                                                                                                              Total assets . . . . . . . .      1,782,662     1,974,166
                                                                                                         04/26/09 1 04/27/08 1 04/29/07           Liabilities:
   Consolidated Balance Sheet, as of Mar. 31($000):                    Casino revenue . . .            1,066,162 1,107,246 1,007,523           Current maturities of
                                                                       Rooms revenue . . .                 46,380       49,498       49,584       long-term debt . . . .             9,688         9,698
   Assets:                                   2009            1 2008
                                                                       Pari-mutuel, food,                                                      Accounts payable . . . .             16,246        29,283
Cash & cash                                                               beverage & other                                                     Accrued payroll & re-
   equivalents . . . . . . .                   802            1,606       revenue . . . . . . .           139,957     151,530      147,036        lated . . . . . . . . . . . .     47,209        47,618
Accounts receivable,                                                   Hurricane & other                                                       Accrued property &
   net . . . . . . . . . . . . .            19,376          17,430        insurance                                                               other taxes . . . . . . .         31,487        30,137
Inventories, net . . . . .                  14,629          16,379        recoveries . . . . .             62,932          348        2,817    Accrued interest . . . . .            9,280         8,580
Royalty & distribution                                                 Gross revenues . . .            1,315,431 1,308,622 1,206,960           Accrued progressive
   fee advances . . . . . .                 16,570          13,939     Less promotional                                                           jackpots & slot club
Prepaid expenses &                                                        allowances . . . .              196,789     200,932      214,465        awards . . . . . . . . . .        13,647        13,768
   other current assets                      1,545            1,488    Net revenues . . . . .          1,118,642 1,107,690         992,495     Other accrued liabili-
Total current assets . . .                  52,922          50,842     Casino expense . . .               154,538     154,263      156,496        ties . . . . . . . . . . . . .    38,548        44,353
Noncurrent inventories,                                                Gaming taxes                                                            Liabilities related to as-
   principally produc-                                                    expense . . . . . .             270,882     286,746      209,971        sets held for sale . . .           1,888      .......
   tion cost . . . . . . . . .               2,506            2,632    Rooms expense . . .                 12,175       12,031        9,811    Total current liabilities           167,993       183,437
Noncurrent royalty &                                                   Pari-mutuel, food,                                                      Long-term debt, less
   distribution ad-                                                       beverage & other                                                        current maturities . .         1,291,384     1,497,591
   vances . . . . . . . . . .               21,188          21,356        expense . . . . . .              53,143       58,676       46,188    Deferred income taxes                24,970      .......
Property, equipment &                                                  Marine & facilities                                                     Other accrued liabili-
   improvements, net                         2,161            3,089       expense . . . . . .              65,504       66,656       59,834       ties . . . . . . . . . . . . .    52,575        52,821
Goodwill . . . . . . . . . .                 5,715            5,715    Marketing &                                                             Other long-term liabili-
Other assets . . . . . . . .                   221               736      administrative                                                          ties . . . . . . . . . . . . .    17,314        52,305
Total assets . . . . . . . .                84,713          84,370        expense . . . . . .             263,164     279,009      264,501     Common stock . . . . . .                361           353
   Liabilities:                                                        Corporate &                                                             Additional paid-in capi-
Accounts payable . . . .                    12,761          11,387        development                                                             tal . . . . . . . . . . . . .    193,827       188,036
Accrued liabilities . . .                    5,626            5,877       expense . . . . . .              41,331       48,619       56,938    Retained earnings (ac-
Accrued royalties &                                                    Valuation charges                   36,125        6,526        7,800       cumulated deficit) . .           101,828        58,253
   distribution fees . . .                  20,777          13,961     Hurricane & other                                                       Accumulated other
Accrued music publish-                                                    insurance                                                               comprehensive in-
   ing fees . . . . . . . . .                6,222            5,971       recoveries . . . . .          dr32,277      dr1,757     .......         come (loss) . . . . . . .       dr15,191       dr5,601
Deferred revenue . . . .                     5,035          10,155     Preopening expense               .......          3,654       11,433    Stockholders’ equity
Revolving credit facili-                                               Depreciation &                                                             before treasury stock            280,825       241,041




                                                                                                                                                                                                               OTC
   ty . . . . . . . . . . . . . .           10,933            5,165       amortization . . .              122,457     128,944        96,998    Treasury stock . . . . . .           52,399        53,029
Current portion of                                                     Total operating                                                         Total stockholders’ eq-
   long-term debt, less                                                   expenses . . . . . .            987,042 1,043,367        919,970        uity (deficit) . . . . . .       228,426       188,012
   debt discount . . . . .                  10,094            5,759    Operating income
Total current liabilities                   71,448          58,275                                                                                 1 Restated to reflect the sale of casino properties in
                                                                          (loss) . . . . . . . .          131,600       64,323       72,525    Coventry, England, Bossier City, LA, Vicksburg, MS and
Long-term debt, less                                                   Interest expense . .                92,065     106,826        88,058
   current portion, less                                               Interest income . . .                2,112        3,293        7,132    Co.’s Blue Chip casino properties as discontinued opera-
   debt discount . . . . .                   5,663          16,309     Gain (loss) on early                                                    tions
Other long-term liabili-                                                  extinguishment of
   ties, less current por-                                                debt . . . . . . . . .           57,693    dr15,274     .......      IXIA
   tion . . . . . . . . . . . .              2,105            2,560    Income (loss) from                                                         Merger       Completed: On June 23, 2009, Co.’s
Total liabilities . . . . . .               79,216          77,144        continuing                                                           subsidiary, Josie Acquisition Company (‘Josie‘), merged
Common stock . . . . . .                      2.00              2.00      operations before                                                    with and into Catapult Communications Corporation
Additional paid-in capi-                                                  income taxes &                                                       (‘Catapult‘) with Catapult continuing as the surviving
   tal . . . . . . . . . . . . .            52,693          52,618        minority interest                99,340    dr54,484      dr8,401     entity and became a wholly owned subsidiary of Co. Co.’s
Retained earnings (ac-                                                 Income tax provision                                                    acquisition of Catapult was structured as a two-step
   cumulated deficit) . .                 dr47,198        dr45,394        (benefit) . . . . . .            39,942    cr21,288         2,837    transaction, with a cash tender offer by Josie for the Shares
Net shareholders’ equi-                                                Minority interest . .            .......          4,868        3,568    at a price of $9.25 per Share in cash to the holders thereof
   ty . . . . . . . . . . . . . .            5,497            7,226    Income (loss) from                                                      (the ‘Offer Price‘) without interest and less any applicable
    1 Reclassified to conform with 2009 presentation                      continuing                                                           withholding taxes, upon the terms and subject to the
 2 Less debt discount - Subordinated senior convertible                   operations . . . . .             59,398    dr38,064     dr14,806     conditions set forth in the Offer to Purchase, dated May
note: 2008 $1,003,000; 2009 $447,000 3 Less debt dis-                  Income (loss) from                                                      26, 2009, and in the related Letter of Transmittal, each as
count - Subordinated manufacturing advance obligation:                    discontinued                                                         amended and supplemented from time to time, filed by Co.
2008 $705,000; 2009 $180,000 4 Less debt discount -                       operations                                                           and Josie with the Securities and Exchange Commission
Current portion of long-term debt: 2008 $1,041,000; 2009                  including gain                                                       on May 26, 2009. Each outstanding Share was
$514,000                                                                  (loss) on sale, net          2 dr15,823   2 dr58,810     2 10,169    automatically cancelled and converted into and became a
                                                                       Net income (loss)                   43,575    dr96,874      dr4,637     right to receive the Offer Price without interest and less
                                                                       Common shares(000)                                                      any required withholding taxes. The aggregate
IMAGE ENTERTAINMENT, INC.                                              Weighted average                                                        consideration paid by Josie and Co. for the Shares in the
   Auditor’s Report: The following is an excerpt from the                 shares outstanding                                                   Offer and the Merger was approx. $104,600,000, plus
Report of the Independent Auditors, BDO Seidman LLP,                      - basic . . . . . . . .          31,373       30,699       30,384    related transaction fees and expenses. Aggregate
as it appeared in Co.’s 2009 10K: ‘In our opinion, the                 Weighted average                                                        consideration of approx. $2,000,000 is also being paid to
consolidated financial statements referred to above present               shares outstanding                                                   holders of options to purchase Catapult common stock that
fairly, in all material respects, the financial position of               - diluted . . . . . .            31,379       30,699       30,384    were cancelled in connection with the Merger and that had
Image Entertainment, Inc. and Subsidiaries as of March                 Year end shares                                                         exercise prices lower than the Offer Price. Co. funded the
31, 2009 and 2008, and the results of its operations and its              outstanding . . . .              31,771       30,857    .......      acquisition from cash on hand.
cash flows for each of the three years in the period ended             Income (loss) per
March 31, 2009 in conformity with accounting principles                   share - continuing
generally accepted in the United States of America.                       operations - basic                $1.89      d$1.24         d$.49    LIMCO-PIEDMONT         INC
Also, in our opinion, the financial statement schedule,                Income (loss) per                                                          Sale Completed: On July 2, 2009, Co. was acquired
when considered in relation to the basic consolidated                     share -                                                              by TAT Technologies Ltd. (‘TAT‘), which owned 61.8%
financial statements taken as a whole, presents fairly, in all            discontinued                                                         of Co.’s common stock, for approx. 2,520,372 ordinary
material respects, the information set forth therein.                     operations, net -                                                    shares of TAT’s common stock, representing 27.8% of
The accompanying consolidated financial statements have                   basic . . . . . . . . .           d$.50      d$1.92           $.34   TAT’s outstanding ordinary shares to Co.’s former
been prepared assuming that the Company will continue as               Net income (loss) per                                                   shareholders, thus Co. became a wholly-owned subsidiary
a going concern. As discussed in Note 2 to the                            share - basic . . .               $1.39      d$3.16        d$0.15    of TAT.
consolidated financial statements, the Company has                     Income (loss) per
suffered recurring losses from operations and negative                    share - continuing                                                   LIVEWIRE MOBILE, INC.
cash flows that raise substantial doubt about its ability to              operations -                                                            History & Business:
continue as a going concern. Management’s plans in                        diluted . . . . . . .             $1.89      d$1.24         d$.49
regard to these matters are also described in Note 2. The              Income(loss) per                                                           History: Incorporated in Delaware on Dec. 12, 1983 as
consolidated financial statements do not include any                      share - discontinud                                                  Natural MicroSystems Corp. Name changed to NMS
adjustments that might result from the outcome of this                    operations, net -                                                    Communications Corp. on May 7, 2001. Present name
uncertainty. As more fully disclosed in Note 15 to the                    diluted . . . . . . .             d$.50      d$1.92           $.34   adopted on Dec. 8, 2008.
consolidated financial statements, effective April 1, 2007,            Net income (loss) per                                                      In Jan. 1992, Co. established Natural MicroSystems
the Company adopted the provisions of FASB                                share - diluted . .               $1.39      d$3.16        d$0.15    N.V. in Antwerp, Belgium.
Interpretation No. 48 Accounting for Uncertainty in                    Total number of                                                            On Nov. 29, 1995, VOX S.A. and an affiliate was
Income Taxes, an Interpretation of FASB Statement No.                     employees . . . . .           3 4 8,400    .......      .......      merged into Co.
109.‘                                                                  Number of common                                                           In June 1996, Co.acquired the outstanding shares of
                                                                          stockholders . . .          3 4 5 1,400    .......      .......      Teknique, Inc. and an affiliate. The final purchase price
                                                                                                                                               totaled $8.3 million, including contingent payments
INTEGRATED DEVICE TECHNOLOGY, INC.                                         1 Restated to reflect the sale of casino properties in              discussed below and transaction costs of $284,000. The
   Acquisition   Completed: On June 29, 2009, Co.,                     Coventry, England, Bossier City, LA, Vicksburg, MS and                  transaction was accounted for as a purchase and
through its subsidiary, 4440471 Canada Inc., acquired                  Co.’s Blue Chip casino properties as discontinued opera-                accordingly, the purchase price was allocated to assets
Tundra Semiconductor Corporation for C$120,800,000, in                 tions 2 Income tax benefit (provision) - Income (loss)                  purchased and liabilities assumed based on their fair
cash, and became an indirect, wholly owned subsidiary of               from discontinued operations including gain (loss) on sale:             values at the date of acquisition..
Co.                                                                    2008 $43,532,000; 2009 $8,790,000 ; 2007 ($11,220,000)                     In Oct. 1997, Co. acquired ViaDSP, Inc. for aggregate
                                                                        3 Approximately 4 As is 5 As of June 23, 2009                          consideration of 144,562 shares of its common stock in a
INTERNATIONAL SPEEDWAY CORP                                               Consolidated Balance Sheet, as of ($000):                            transaction accounted for as a purchase. The value of the
   Earnings, 6 mos. to May 31 (Consol.               $000):                                                                                    transaction was $7.1 million, including approximately
                                                                          Assets:                               04/26/09        1 04/27/08     $236,000 of expenses related to the acquisition.
                                2009                         2008      Cash & cash                                                                In Dec. 1999, Co. acquired QWES.com, Inc. in a
Total revenues . . . . .
                     .       318,497                      368,796         equivalents . . . . . . .               96,654            91,790     transaction accounted for as a pooling of interests. In
Cost & expenses . . ..       199,909                      224,197      Marketable securities                      17,548            18,533     connection with the acquisition, Co. exchanged or
Deprec., depl. &                                                       Accounts receivable,                                                    reserved 3,000,000 shares of its common stock for the
   amort. . . . . . . . . .   .         36,880             34,753         net . . . . . . . . . . . . .           10,421            12,195     outstanding shares, options and warrants of QWES.
Operating income . . .        .         81,708            109,846      Income taxes receiva-                                                      Effective July 7, 2000, Co. acquired Inno Media Logic
Interest expense . . . .      .         11,779              6,887         ble . . . . . . . . . . . . .            7,744            28,663     Inc. (‘IML‘). In connection with the acquisition, Co.
Other income                                                           Deferred income taxes                      16,295            12,606     issued or reserved for issuance 2,635,300 shares of
   (expense), net . . . .     .      dr58,579               4,754      Prepaid expenses &                                                      common stock valued at an average price of $39.66 per
Income taxes . . . . . .      .        18,551              42,787         other assets . . . . . . .              23,234            27,905     share, paid net aggregate cash consideration of $65.8
Income discont. oper.                    dr87                dr67      Insurance receivable . .                    1,514              7,689    million, and assumed the obligation to issue up to an
Net income . . . . . .        .       dr6,594              62,183      Assets held for sale . .                    4,183          .......      additional 318,672 shares of common stock upon exercise
July 21, 2009                                                                   MERGENT OTC INDUSTRIAL                                                                                            Page 667

of outstanding stock options for the purchase of the                Defer inc tax expense                                                     loan advances, including up to $6,000,000 in the form of
common stock of IML.                                                   (benefit) - forei                   cr44           cr35  .......       letters of credit, foreign exchange contracts, or cash man-
   On Apr. 10, 2001, Co. acquired Mobilee, Inc. for a total         Inc tax expense                                                           agement services. Under the Original Credit Facility, prin-
cost of $13.3 million, including transaction costs of                  (benefit) . . . . . .                208            161           91   cipal borrowings accrued interest at a floating per annum
approximately $150,000. The acquisition has been                    Income (loss) fr                                                          rate equal to SVB’s prime rate. Loans under the Original
accounted for as a purchase business combination.                      contin opers . . .             dr59,936      dr27,473     dr36,523     Credit Facility were (i) collateralized by a security interest
   In Nov. 2001, Co. completed the acquisition of the               Income (loss) fr                                                          in substantially all assets of Co. (other than certain intel-
voice enhancement and echo cancellation business of                    discont operations,                                                    lectual property assets), and (ii) guaranteed by certain
Lucent Technologies, Inc.for $60 million.                              n ...........                    3 5,506      3 16,532     3 20,772    domestic subsidiaries of Co., each of which entered into an
   On Apr. 1, 2002, Co. acquired MessageMachines Inc.               Gain on disp of                                                           unconditional guaranty agreement and a security agree-
for a total cost of $3.0 million, including transaction costs          discont                                                                ment effective as of May 6, 2008 in favor of SVB.
of $365,000.                                                           operations, . . . .              16,280         4 1,631  .......          On June 30, 2008, Co., together with its wholly-owned
   On Feb. 24, 2006, Co. acquired all of the issued and             Common shares (000):                                                      subsidiaries NMS Communications International Corpo-
outstanding capital stock of Openera Technologies, Inc.             Net income (loss)                 dr38,150       dr9,310     dr15,751     ration, LiveWire Mobile (later renamed LWM Corpora-
for consideration consisting of approximately 4,340,000             Weigh avg shares                                                          tion) and Groove Mobile, a wholly-owned subsidiary of
shares of Co.’s common stock, $0.01 par value per share.               outstg - basic . . .             45,395         43,953       48,467    LiveWire Mobile (collectively, the ‘Borrowers‘), entered
   On Dec. 21, 2007. Co. sold off NMS’s Network                     Weigh avg shares                                                          into an Amended and Restated Loan and Security Agree-
Infrastructure division to Verso Technologies, Inc.                    outstg - diluted                 45,395         43,953       48,467    ment (the ‘Amended Credit Facility‘) with SVB, which
(‘Verso‘) for consideration of $850,000 of cash and                 Yr end shares outstg                45,942         45,643       45,441    permits the Borrowers to borrow up to 80% of $5,000,000
$2,500,000 of Verso common stock. Based on the terms of             Income (loss) per sh -                                                    in the form of advances based on a portion of eligible
the Asset Purchase Agreement, each such share of Verso                 contin operatio                 dr$1.32       dr$0.63      dr$0.75     accounts receivable. Principal borrowings under the
common stock was valued at $0.4652, which is the volume             Income (loss) per sh -                                                    Amended Credit Facility accrue interest at a floating per
weighted arithmetic average of the daily closing price per             discont operat . .                 $0.48          $0.42        $0.42   annum rate equal to SVB’s prime rate plus one percentage
share of the Verso common stock for each of the twenty              Net income (loss) per                                                     point. The Amended Credit Facility terminates on June 29,
(20) consecutive trading days ending (and including) the               sh - basic . . . . .            dr$0.84       dr$0.21      dr$0.33     2009. The Amended Credit Facility amends and restates in
trading day that occurred one trading day prior to (and not         Income (loss) per sh -                                                    its entirety the Original Credit Facility.
including) the date of the Agreement. As a result, the value           contin operatio                 dr$1.32       dr$0.63      dr$0.75        On Nov. 6, 2008, Co. entered into a Second Loan Modi-
of each share of Verso common stock resulted in Verso               Income (loss) per sh -                                                    fication Agreement (the ‘Loan Modification Agreement‘)
issuing to NMS 5,374,033 shares of Verso common stock.                 discont operat . .                 $0.48          $0.42        $0.42   which amends the Amended and Restated Loan and Secur-
   On Mar. 17, 2008, Co. acquired Groove Mobile, Inc. for           Net income (loss) per                                                     ity Agreement with SVB dated June 30, 2008 (together
a total purchase price of $15,900,000, including cash                  sh - diluted . . . .            dr$0.84       dr$0.21      dr$0.33     with the Loan Modification Agreement, the ‘Amended
consideration of $14,500,000, and total transaction costs           No of full time                                                           Credit Facility‘). The amount of the Amended Credit
and facility exit costs of approximately $1,400,000.                   employees . . . . .                5 168    .......      .......       Facility was $6,250,000 with borrowings of up to 80% in
   On Dec. 5, 2008, Co. sold its NMS Communications                 No of com stkhlders              5 6 7 205     .......      .......       the form of advances based on a portion of eligible
Platforms business to Dialogic Corporation for cash                     1 Restated to reflect sale of NMS Communications                      accounts receivable. Upon closing of the sale of the NMS
consideration of $28,000,000.                                       Platforms business as discontinued operations 2 Restated                  Communications Platforms business, the amount of the
   Business: LiveWire Mobile is a provider of managed               to reflect sale of Network Infrastructure division and cer-               Amended Credit Facility was reduced to $3,750,000, of
personalization services for mobile operators and mobile            tain assets and liabilities of the division as discontinued               which $3,000,000 can be borrowed in the form of
subscribers. Co.’’s offerings infuse personalization                operations 3 Net of income tax provision - Income (loss)                  advances based on a portion of eligible accounts receiva-
capabilities into traditional mobile communications that            from discontinued operations: 2006 $147,000; 2008                         ble. Principal borrowings under the Amended Credit
are easy to use for mobile subscribers and generate                 $634,000; 2007 $61,000 4 Net of income tax expense -                      Facility accrue interest at a floating per annum rate equal
revenue for mobile operators. Co.’s integrated managed              Gain on disposal of discontinued operations: 2007 $6,000                  to SVB’s prime rate plus two percentage points.
service offerings include ringback tones, ringtones, full            5 As is 6 Approximately 7 As of March 13, 2009                              The Amended Credit Facility includes customary lend-
track downloads and other applications, as well as                                                                                            ing and reporting covenants including, without limitation,
                                                                       Consolidated Balance Sheet, as of Dec. 31 ($000):                      the periodic delivery of financial information to SVB, and
dedicated content and service marketing, integrated
storefront management and merchandising. Co. sells these                                                           2008             1 2007    the provision of notice to SVB upon the occurrence of




                                                                                                                                                                                                                 OTC
offerings as a managed service to mobile operators who                 Assets:                                                  (revised)     specified events including threatened litigation and threats
then offer these services to their customers as a la carte          Cash & cash equivs . .                       19,261            20,179     to protected intellectual property. The Amended Credit
purchases and through monthly subscriptions.                        Mkt secur . . . . . . . . . .             .......                9,993    Facility also includes customary representations and war-
   Property: Co. maintains its principal executive office           Accts receivables,                                                        ranties including, without limitation, that the accounts
in approximately 32,000 sq. ft. of leased space in Littleton,          gross . . . . . . . . . . .                3,341            13,875     receivable upon which SVB will advance funds remain
MA.                                                                 Less: allow for doubtful                                                  eligible in accordance with the terms of the Amended
   Co. also leases 72,256 sq. ft. of its former corporate              accts . . . . . . . . . . .                    96               113    Credit Facility, and that payment of the accounts receiva-
headquarters in Framingham, MA. Co. subleases all of this           Accts receivable, net                         3,245            13,762     ble by third-party debtors is not contingent in nature and is
space to several third parties.                                     Receivs under purch                                                       based on an actual sale and delivery of goods and services.
   Co. leases facilities in Bangalore, India (primarily used           agree . . . . . . . . . . .                2,575         .......       The Amended Credit Facility also includes several poten-
for its research and development and marketing activities)          Raw mater . . . . . . . . .               .......                1,522    tial events of default, which upon occurrence could cause
and Montreal, Quebec, Canada (primarily for its technical           Finished goods . . . . . .                    1,040              3,236    interest to be charged at prime plus four percentage points.
support activities).                                                Invent at customer                                                        These events of default include, without limitation, pay-
                                                                       sites . . . . . . . . . . . .                347                654    ment defaults, defaults in the performance of affirmative
                             Subsidiaries                           Invent bef write-down                                                     and negative covenants, the inaccuracy of representations
LWM Corporation                                                        of invent to . . . . . . .                 1,387              5,412    or warranties, material adverse change conditions, attach-
NMS Communications Europe Ltd. (United Kingdom)                     Write-down of invent                                                      ment of assets, insolvency conditions, defaults relating to
NMS Communications Europe S.A.S. (France)                              to lower of                                                            uninsured judgments or defaults under other agreements,
NMS Communications International, Inc.                                 cost/mark . . . . . . . .                  dr669           dr2,692     guarantees or indebtedness. Any uncured events of default
NMS Communications Securities Corporation                           Inventories, net . . . . .                      718              2,720    may result in SVB’s right to declare all outstanding obli-
Openera Technologies, Inc.                                          Cash in escrow . . . . . .                    3,240         .......       gations immediately due and payable. The Amended
                               Officers                             Ppd exps & other as-                                                      Credit Facility contains negative covenants applicable to
Joel A. Hughes, Chief Executive Officer; Chairman;                     sets . . . . . . . . . . . .               1,771              3,414    the Borrowers, including, without limitation prohibitions
   Division Officer                                                                                                                           on certain transfers of its business or property, the pay-
Eugene DiDonato, Vice President; General Counsel                       Tot curr assets . . . .                   30,810            50,068     ment of certain dividends, changes in business, manage-
William Yapp, Vice President                                        Computer equip . . . . .                      3,233            20,546     ment or business locations, certain mergers or acquisi-
Todd D. Donahue, Chief Financial Officer                            Computer software . . .                   .......              10,939     tions, incurrence or assumption of indebtedness,
John Orlando, Chief Marketing Officer                               Furn & fixtures . . . . .                 .......                3,100    encumbrance of assets, certain distributions or invest-
                                                                    Mach & equip . . . . . .                  .......                2,594    ments, certain transactions with affiliates, improper debt
                               Directors                            Lsehld improve . . . . .                  .......                5,952    payments and certain actions related to the Investment
Joel A. Hughes                         Thomas Dusenberry            Software in process . .                   .......                    28   Company Act of 1940 and ERISA. Amounts borrowed
W. F. King, Ph.D.                      Pamela D. Reeve              Prop & equipment,                                                         under the Amended Credit Facility are secured by a secur-
Jill C. Thoerle                        Robert M. Pons                  gross . . . . . . . . . . .                3,233            43,159     ity interest in substantially all of the assets and intellectual
   Auditors: PricewaterhouseCoopers LLP                             Less accum deprec . . .                       2,173            38,063     property of the Borrowers (other than certain intellectual
   General Counsel: Choate, Hall & Stewart                          Prop & equipment, net                         1,060              5,096    property assets).
                                                                    Goodwill . . . . . . . . . .              .......                5,427       As of Dec. 31, 2008, Co. had borrowed $2,600,000
   Shareholder             Relations: Todd Donahue, Chief           Other intang assets, net                  .......                4,185    under the Amended Credit Facility. During the year ended
Financial Officer Tel.: 978-742-3167                                Other assets, net . . . . .                     558              2,964    Dec. 31, 2008, the weighted average interest rate on the
   Annual Meeting: In May                                              Tot assets . . . . . . . .                32,428            67,740     outstanding balance of borrowings under Co.’s line of
   No. of Stockholders: May 22, 2009, 295                              Liabilities:                                                           credit of $2,600,000 at Dec. 31, 2008 was 8.3%.
   No. of Employees: Jul. 7, 2009, 77                               Accts pay . . . . . . . . . .                 3,217              6,846       Capital Stock: 1. LiveWire Mobile, Inc. common;
                                                                    Accrued compens & rel                                                     par $0.01.
   Address: One Monarch Drive, Suite 203, Littleton,                   exps . . . . . . . . . . . .               1,603              2,198
MA 01460 Tel.: 978 742-3177 Fax: 978 742-9794                                                                                                 AUTH        125,000,000 shs.
                                                                    Defer rent . . . . . . . . .                    148                657    OUTSTG          Dec. 31, 2008 45,941,700 shs; par $0.01.
E-mail: investorrelations@livewiremobile.com Web:                   Other liabil . . . . . . . .                  1,890              3,988
www.livewiremobile.com                                              Accrued exps & other                                                      STOCK SPLITS            $0.01 shares split 1-for-11, Feb. 9,
                                                                       liabil . . . . . . . . . . .               3,641              6,843    1994; 2-for-1 split Nov. 25, 1996 and Aug. 7, 2000.
   Consolidated Income Account, years ended Dec.                                                                                              VOTING RIGHTS             Entitled to one vote per share with
31 ($000):                                                          Accrued restructuring,                                                    non cumulative voting for directors.
                                                                       curr port . . . . . . . . .                4,454                938
                                   2008         1 2007  2 1 2006    Cap lse obligations,                                                      OPTIONS          Dec. 31, 2008, reserved for issuance,
                                             (revised)  (revised)      curr port . . . . . . . . .                  388         .......       8,857,784 shares; available for grant, 544,322 shares;
Serv revs . . . . . . .           10,238         5,122     4,116    Revolving line of cr . .                      2,610         .......       options outstanding, 8,216,549 shares.
Prod revs . . . . . . .            5,378         8,101     4,780    Defer rev . . . . . . . . . .                 2,832              3,414       Employee Stock Purchase Plan: In March 2003, the
Tot revs . . . . . . . .          15,616       13,223      8,896                                                                              Board of Directors adopted, and in April 2003 Co.’s stock-
Cost of serv revs . .              8,963         5,000     1,756       Tot curr liabil . . . . .                 17,142            18,041     holders approved, the 2003 Employee Stock Purchase
Cost of prod revs . .              2,514         5,225     3,853    Accrued restructuring,                                                    Plan (the ‘Purchase Plan‘). The Purchase Plan permits
Tot cost of revs . . .            11,477       10,225      5,609       long term port . . . .                     2,764              1,811    employees and officers of Co. to participate in periodic
Gross profit (loss)                4,139         2,998     3,287    Other long-term liabil                          740                714    plan offerings, in which payroll deductions may be used to
Selling, gen & admin                                                Cap lse obligations,                                                      purchase shares of common stock. The purchase price is
   exps . . . . . . . . .         24,525       25,108     26,979       long term port . . . .                       360         .......       85% of the lower of the fair market value at the date the
Research & devel                                                    Accrued warranty ex-                                                      offering commences or terminates. In May 2006, the
   exps . . . . . . . . .          7,455         5,746     8,215       pense, long term                                                       Board of Directors adopted the Indian Supplement to the
Restructuring &                                                        port . . . . . . . . . . . .           .......                  171    Purchase Plan. As a result, Co. allocated 150,000 shares
   other rel charges               7,871    .......        5,469    Tot liabil . . . . . . . . . .               21,006            20,737     from the Purchase Plan to be used for the Indian Supple-
Impair of intangibles                                               Com stk . . . . . . . . . . .                   530                530    ment. Co. has reserved a total of 750,000 shares for the
   & other long-lived             11,616    .......    .......      Addit paid-in cap . . . .                   436,509          433,423      Purchase Plan. Co. issued 50,428 shares under the
Impair of goodwill                11,048    .......    .......      Retain earnings (accum                                                    Purchase Plan during the year ended Dec. 31, 2008. As of
Tot oper exps . . . .             62,515       30,854     40,663       deficit) . . . . . . . . . .          dr400,971         dr362,821      Dec. 31, 2008, 96,913 shares of common stock have been
Oper income (loss)             dr58,376     dr27,856   dr37,376     Accum other compre-                                                       reserved for issuance upon the exercise of stock options
Int inc . . . . . . . . .            223         1,213     1,730       hensive income                                                         under the Purchase Plan. This plan was cancelled in the
Int exp . . . . . . . . .            374    .......    .......         (loss) . . . . . . . . . . .             dr3,797           dr2,396     fourth quarter of 2008.
Other income                                                        Treas stock, at cost . . .                   20,849            21,733     TRANSFER AGENT                Computershare Investor Ser-
   (expense) . . . . .           dr1,201        dr669      dr786       Tot stkhlders equity                                                   vices LLC, Providence, RI
Other income (exp),                                                    (deficit) . . . . . . . . .               11,422            47,003     LISTED        National Bulletin Board : LVWR
   net . . . . . . . . . .       dr1,352           544       944        1 Restated to reflect sale of NMS Communications                      OFFERED          (1,400,000 shares) at $9.75 per share (pro-
Income (loss) fr                                                    Platforms business as discontinued operations                             ceeds to Co. $9.06 per share) on Feb. 17, 1994 thru First
   contin opers befo           dr59,728     dr27,312   dr36,432                                                                               Albany Corp., Pennsylvania Merchant Group Ltd. and
Curr inc tax expense                                                   Long Term Debt: Dec. 31, 2008, $748,000 (including                     associates. Of the total, 1,000,000 shares will be sold by
   (benefit) - state                   4    .......    .......      current portion of $388,000) capital lease obligations.                   Co. and 400,000 shares will be sold by selling sharehold-
Curr inc tax expense                                                   Line of Credit: On May 6, 2008, Co. entered into a                     ers. Proceeds will be used for repayment of indebtedness,
   (benefit) - foreig                248           196         91   Loan and Security Agreement (the ‘Original Credit Facil-                  capital expenditures, and general corporate purposes.
Tot curr inc tax                                                    ity‘) with Silicon Valley Bank (‘SVB‘), which permitted                   Offering contains an additional 210,000 shares to cover
   expense (benefit)                 252           196         91   Co. to borrow up to $6,000,000 in the form of revolving                   over-allotments.
Page 668                                                                       MERGENT OTC INDUSTRIAL                                                                                                                  July 21, 2009

  (9,200,000 shares) at $5.75 per share (net proceeds to           Convertible redeemable                                                Other accrued liabili-
Co. was $49.5 million) on Mar. 17, 2004. The net proceeds            preferred stock, se-                                                  ties . . . . . . . . . . . . .                    6,000                               99,000
of this offering were used for interest-bearing, invest-             ries B . . . . . . . . . . .          1,099                 1,059   Taxes payable . . . . . .                         119,000                               96,000
ment-grade securities.                                             Convertible redeemable                                                Total current liabilities                       1,484,000                            1,587,000
                                                                     preferred stock, se-                                                Deferred income taxes                             528,000                              207,000
LUFKIN INDUSTRIES, INC.                                              ries C . . . . . . . . . . .             179                 171    Common stock . . . . . .                        4,817,000                            4,665,000
                                                                   Convertible redeemable                                                Retained earnings (ac-
   Acquisition    Completed: On July 1, 2009, Co.                    preferred stock, se-
acquired Rotating Machinery Technology, Inc. Terms of                                                                                      cumulated deficit) . .                    22,785,000                              19,074,000
the transaction were not disclosed.                                  ries D . . . . . . . . . . .         11,967               11,517    Total stockholders’ eq-
                                                                   Convertible preferred                                                   uity . . . . . . . . . . . .              27,602,000                              23,739,000
                                                                     stock, series A . . . .                   24                  24
MEDIDATA SOLUTIONS, INC.                                           Common stock, net . .                       75                  66
   Annual Report:                                                  Additional paid-in capi-                                              METABOLIC RESEARCH INC
   Consolidated Income Account, years ended Dec.                     tal . . . . . . . . . . . . .        22,433                 2,228      Earnings, 3 mos. to Mar. 31 (Consol.                                             $):
31 ($000):                                                         Treasury stock . . . . . .              6,000                 6,000
                                                                   Accumulated other                                                                                      2009                                                       2008
                                      2008         2007     2006     comprehensive in-                                                   Net Sales . . . . . . . . . .791,410                                                      186,036
Revenues -                                                           come (loss) . . . . . . .             dr389                   65    Cost & expenses . . . .      593,560                                                      218,200
   application                                                     Retained earnings (ac-                                                Deprec., depl. &
   services . . . . . .              73,820      44,592   25,406     cumulated deficit) . .            dr92,543               dr74,271      amort. . . . . . . . . . .                          1,558                          .......
Revenues -                                                         Total stockholders’ eq-                                               Operating income . . . .                             196,292                          dr32,164
   professional                                                      uity (deficit) . . . . . .        dr76,400               dr77,888   Interest expense . . . . .                          .......                              1,928
   services . . . . . .              31,904      18,391   10,851                                                                         Net income . . . . . . .                             196,292                          dr34,092
Total revenues . . .               105,724       62,983   36,257                                                                         Earn com sh:
Cost of revenues -                                                 MERCURY COMPUTER SYSTEMS, INC.
                                                                      Contracts: On July 13, 2009, Co. received a                           Primary . . . . . . . . .                                $0.01                     .......
   application                                                                                                                              Fully Diluted . . . . .                                  $0.01                     .......
   services . . . . . .              19,647      13,170    7,288   $2,700,000 production order from General Atomics
                                                                   Aeronautical Systems, Inc. to provide RACE++(R) Series                Common Shares:
Cost of revenues -                                                                                                                          Fully diluted . . . . . .             49,638,176                               41,453,425
   professional                                                    rugged computing modules for the Predator(R) unmanned
   services . . . . . .              30,801      33,035   20,462   aircraft system Lynx(R) Block 20 synthetic aperture radar                Year-end . . . . . . . .              50,221,509                               41,453,425
Total cost of                                                      technology upgrade.                                                     Consolidated Balance                  Sheet Items,                            as of Mar.
   revenues . . . . . .              50,448      46,205   27,750                                                                         31 ($):
Gross profit . . . . .               55,276      16,778    8,507   MERITAGE HOSPITALITY GROUP INC
Research &                                                                                                                                  Assets:                                                                                2009
                                                                      Earnings, 6 mos. to May 31 (Consol.               $):              Cash & equivalents . . . .          .   .   .   .   .   .   .   .   .   .               48,801
   development
   expenses . . . . . .              19,340      10,716    5,905                                   05/31/09                06/01/08      Inventories . . . . . . . . . . .   .   .   .   .   .   .   .   .   .   .              251,449
Sales & marketing                                                  Net Sales . . . . . . . . . . 29,603,340              28,200,596      Current assets . . . . . . . . .    .   .   .   .   .   .   .   .   .   .            1,312,260
   expenses . . . . . .              24,190      15,484   12,768   Cost & expenses . . . .       28,091,981              27,814,113      Net property & equip. . . .         .   .   .   .   .   .   .   .   .   .                8,253
General &                                                          Deprec., depl. &                                                      Total assets . . . . . . . . . .    .   .   .   .   .   .   .   .   .   .           13,146,355
   administrative                                                     amort. . . . . . . . . . .    851,233               1,050,385         Liabilities:
   expenses . . . . . .              27,474      13,361    8,335   Operating income . . . .         660,126               dr663,902      Current liabilities . . . . . .     ..........                                         588,924
Total operating costs                                              Interest income . . . . .         20,573                  27,926      Stockholders’ equity . . . .        ..........                                      12,557,431
   & expenses . . . .                71,004      39,561   27,008   Interest expense . . . . .       433,834                 593,070
Income (loss) from                                                 Other income
   operations . . . . .           dr15,728     dr22,783 dr18,501      (expense), net . . . . .     dr40,129                dr86,911      MGE ENERGY INC
Interest expense . .                  1,934         769      341   Gains or losses . . . . . .        6,900                 683,684         New Technology Development: Co., on June 25,
                                                                                                                                         2009, announced that it has purchased six Coulomb




                                                                                                                                                                                                                                             OTC
Interest income . . .                   115         327      200   Income taxes . . . . . . .        26,487                cr31,071
Other expense                                                      Net income . . . . . . .         187,149               dr601,202      Technologies electric vehicle charging stations from
   (income), net . . .                  195          78     dr54                                                                         Carbon Day Automotive, Chicago, Ill. Electric cars and
Total interest & other                                                                                                                   trucks charged at the stations will have their emissions
                                                                   MESA LABORATORIES, INC.                                               offset through renewable energy. The project is the first of
   expense, net . . .              dr1,624        dr364    dr195      Annual Report:                                                     its kind in the United States.
Income (loss) before                                                                                                                     The vehicle charging network will provide users with
   income taxes . . .             dr17,352     dr23,147 dr18,696      Income Account, years ended Mar. 31($):
Provision for income                                                                                                                     options that extend the range and use of their electric
                                                                                                        2009         2008        2007    vehicles. The driving range for an electric-powered
   taxes . . . . . . . . .              920         515      306   Sales . . . . . . . . . .     21,536,000 19,558,000 17,242,000        vehicle can be about 40 miles. Currently, owners have to
Net income (loss)                 dr18,272     dr23,662 dr19,002   Cost of sales . . . . .         7,719,000 6,700,000 6,347,000         recharge their car or truck at home or at prearranged
Preferred stock                                                    Gross profit . . . . .        13,817,000 12,858,000 10,895,000        locations. Only a handful of public vehicle charging
   dividends &                                                     Selling expenses . .            3,051,000 2,845,000 2,769,000         systems are in place throughout the world.
   accretion . . . . . .                498         498      498   General &                                                             Co. plans to install the first charging unit this summer and
Net income (loss)                                                     administrative                                                     have the network up and operating by early next year.
   available to                                                       expenses . . . . . .         2,522,000 2,420,000 2,075,000
   common                                                                                                                                Carbon Day Automotive is a division of Carbon Day, an
                                                                   Research &                                                            organization dedicated to increasing environmental
   stockholders . . .              d18,770      d24,160  d19,500      development
Common shares(000)                                                                                                                       awareness by encouraging people to play a part in saving
                                                                      expenses . . . . . .           636,000      532,000     392,000    the planet.
Weighted average                                                   Total operating
   shares                                                                                                                                Coulomb Technologies applies networking technology to
                                                                      expenses . . . . . .         6,209,000 5,797,000 5,236,000         the challenge of charging electric vehicles and plug-in
   outstanding-basic                  6,794       6,385    6,297   Operating income
Weighted average                                                                                                                         hybrids in order to fuel the electric transportation industry.
                                                                      (loss) . . . . . . . .       7,608,000 7,061,000 5,659,000         Coulomb’s ChargePoint(SM) Network addresses the
   shares                                                          Interest income . . .              86,000      195,000     130,000
   outstanding-diluted                6,794       6,385    6,297                                                                         needs of drivers, utilities, governments and parking-space
                                                                   Earnings (loss)                                                       owners.
Year end shares                                                       before income
   outstanding . . . .                7,035       6,074 .......       taxes . . . . . . . . .      7,694,000 7,256,000 5,789,000
Net earnings (loss)                                                Income taxes . . . . .          2,904,000 2,646,000 1,831,000         MILLER (HERMAN) INC.
   per share - basic                 d$2.76      d$3.78   d$3.10   Net income (loss)               4,790,000 4,610,000 3,958,000           Acquisition       Completed: On June 24, 2009, Co.
Net earnings (loss)                                                Common shares                                                         acquired all of the outstanding equity ownership interest of
   per share - diluted               d$2.76      d$3.78   d$3.10   Weighted average                                                      Nemschoff from NC Holding Company for a combination
Number of full time                                                   shares outstanding                                                 of $32,100,000 in cash and the issuance of 2,041,666
   employees . . . . .              1 2 549    .......  .......       - basic . . . . . . . .      3,179,000 3,168,000 3,156,000         shares of Co.’s common stock.
Other number of                                                    Weighted average
   employees . . . . .              1 2 122    .......  .......       shares outstanding
Total number of                                                       - diluted . . . . . .        3,238,000 3,281,000 3,234,000         MYRIAD GENETICS, INC.
   employees . . . . .              1 2 671    .......  .......    Year end shares                                                          Spin-Off     Completed: On June 30, 2009, Co.
    1 As is 2 As of March 31, 2009                                    outstanding . . . .          3,182,228 3,166,492 3,178,401         completed the spin-off of Myriad Pharmaceuticals, Inc.
                                                                   Net income (loss) per                                                 (‘MPI‘). Co. effected the spin-off of MPI, by distributing
   Consolidated Balance Sheet, as of Dec. 31($000):                   share - basic . . .               $1.51       $1.46       $1.25    a pro rata dividend of one share of MPI common stock, for
   Assets:                                    2008          2007   Net income (loss) per                                                 every four shares of Co.’s outstanding common stock, to
                                                                      share - diluted . .               $1.48       $1.41       $1.22    stockholder, or approximately 24,000,000 shares of MPI
Cash & cash                                                                                                                              common stock
   equivalents . . . . . . .                  9,784        7,746   Dividends per share                   $.40         $.36        $.40
Accounts receivable,                                               Number of full time
   net . . . . . . . . . . . . .             25,198       15,685      employees . . . . .                 108          110          98   NAVARRE CORP.
Prepaid commission ex-                                             Number of part time                                                      Annual Report:
   pense . . . . . . . . . . .                3,330        3,258      employees . . . . .                3.00         3.00        2.00
Prepaid expenses &                                                 Total number of                                                          Consolidated Income Account,                                     years ended Mar.
   other current assets                       5,950        2,699      employees . . . . .                 111          113         100   31 ($000):
Deferred income taxes                           303          168   Number of common                                                                                   2009                                    2 2008                1 2007
Total current assets . . .                   44,565       29,556      & beneficiary                                                      Net sales . . . . . . . .  630,991                                  658,472               644,790
Restricted cash . . . . . .                     545          387      stockholders . . .              1 1,200        1 900       1 900
                                                                                                                                         Cost of sales,
Furniture, fixtures &                                                  1 Approximately
                                                                                                                                            exclusive of
   equipment, net . . . .                    13,599       14,061      Balance Sheet, as of Mar. 31($):                                      depreciation &
Goodwill . . . . . . . . . .                  9,799     .......                                                                             amortization . . .      563,944                                  556,913               537,433
Other intangible assets,                                              Assets:                                   2009             2008    Gross profit . . . . .      67,047                                  101,559               107,357
   net . . . . . . . . . . . . .              6,230     .......    Cash & cash                                                           Selling & marketing
Other assets . . . . . . . .                    452          475      equivalents . . . . . . .            9,111,000        5,770,000       expenses . . . . . .     25,334                                      27,371             28,299
Total assets . . . . . . . .                 75,190       44,479   Accounts receivable -                                                 Distribution &
   Liabilities:                                                       trade, net . . . . . . . .           4,307,000        3,875,000       warehousing
Accounts payable . . . .                      3,316        6,849   Other accounts receiva-                                                  expenses . . . . . .     12,166                                      12,689             12,330
Accrued payroll & oth-                                                ble . . . . . . . . . . . . .            16,000          34,000    General &
   er compensation . . .                      7,902        5,102   Inventories, net . . . . .              4,499,000        4,020,000       administrative
Accrued expenses &                                                 Prepaid expenses &                                                       expenses . . . . . .     32,664                                      34,096             35,754
   other current liabili-                                             other current assets                    318,000         419,000    Bad debt expense
   ties . . . . . . . . . . . . .             3,469        2,549   Deferred income taxes                      342,000         293,000       (recovery) . . . . .        300                                          dr15            3,654
Deferred revenues . . .                      69,834       48,819   Total current assets . . .             18,593,000       14,411,000
Capital lease obliga-                                              Property, plant &                                                     Depreciation &
   tions . . . . . . . . . . . .              4,388        3,655      equipment, net . . . .               3,879,000        3,488,000       amortization
Current portion of debt                                            Goodwill . . . . . . . . . .            5,301,000        5,301,000       expenses . . . . . .     10,972                                          9,587          10,958
   obligation . . . . . . . .                 1,500     .......    Other intangible assets,                                              Goodwill &
Total current liabilities                    90,409       66,974      net . . . . . . . . . . . . .        1,685,000        2,188,000       intangible
Deferred revenue, less                                             Deferred income taxes -                                                  impairment . . . .       82,729 .                                ......            .......
   current portion . . . .                   31,787       26,816      long-term . . . . . . . .               156,000        .......     Total operating
Capital lease obliga-                                              Deposits . . . . . . . . . . .           .......           145,000       expenses . . . . . .    164,165                                      83,728             90,995
   tions, less current                                             Total assets . . . . . . . .           29,614,000       25,533,000    Income (loss) from
   portion . . . . . . . . . .                2,672        4,872      Liabilities:                                                          operations . . . . .   dr97,118                                   17,831                16,362
Long-term debt . . . . .                     12,866       10,781   Accounts payable,                                                     Interest expense . .         4,630                                    6,127                10,220
Other long-term liabili-                                              trade . . . . . . . . . . .             296,000         173,000    Interest income . . .           86                                      259                   357
   ties . . . . . . . . . . . . .               611          177   Accrued salaries &                                                    Warrant expense . .       .......  .                                ......                    251
Total non-current liabil-                                             payroll taxes . . . . . .            1,033,000        1,189,000    Bad debt expense          .......  .                                ......                   8.05
   ities . . . . . . . . . . . .             47,936       42,646   Accrued warranty ex-                                                  Other income
Total liabilities . . . . . .               138,345      109,620      pense . . . . . . . . . . .              30,000          30,000       (expense), net . .      dr1,255                                           366             dr50
July 21, 2009                                                                       MERGENT OTC INDUSTRIAL                                                                                                      Page 669

Income (loss) from                                                     command and control system to a major Latin American                            Total shareholders’ eq-
   continuing                                                          government. Terms of the contract were not disclosed.                             uity . . . . . . . . . . . .    53,575          66,037
   operations before                                                                                                                                      1 Reclassified to conform with 2009 presentation
   income tax . . . .          dr102,917          12,329       6,198
Income tax expense                                                     NEW FRONTIER MEDIA, INC.
   (benefit) . . . . . .         cr14,483          5,273          17      Annual Report:                                                               NEW JERSEY MINING CO.
Net income (loss)                                                         Consolidated Income Account, years ended Mar.                                   Earnings, 3 mos. to Mar. 31 (             $):
   from continuing                                                     31 ($000):                                                                                                                2009                2008
   operations . . . . .          dr88,434          7,056       3,604                                                                                   Net Sales . . . . . . . . . .           111,321              50,559
Gain on sale of                                                                                              2009        2 2008              1 2007
                                                                       Net sales . . . . . . . .            52,654       55,911             63,271     Cost & expenses . . . .                 321,838             388,746
   discontinued                                                                                                                                        Deprec., depl. &
   operations . . . . .          .......           4,892  .......      Cost of sales . . . . .              17,060       17,686             19,631        amort. . . . . . . . . . .            47,524             52,616
Income (loss) from                                                     Gross margin (loss)                  35,594       38,225             43,640     Operating income . . . .              dr258,041          dr390,803
   discontinued                                                        Sales & marketing                                                               Interest income . . . . .                   334              3,563
   operations . . . . .          .......         dr2,290         455      expenses . . . . . .               8,601        7,239               6,750    Interest expense . . . . .                5,726              3,252
Net income (loss)                dr88,434          9,658       4,059   General &                                                                       Other income
Common shares(000)                                                        administrative                                                                  (expense), net . . . . .             dr1,113                610
Weighted average                                                          expenses . . . . . .              17,570       16,748             17,128     Net income . . . . . . .              dr264,546          dr389,882
   shares outstanding                                                  Goodwill                                                                        Earn com sh . . . . . . . .              d$0.01             d$0.01
   - basic . . . . . . . .          36,207        36,105     35,786       impairment . . . .                10,009    .......           .......        Common Shares:
Weighted average                                                       Restructuring & asset                                                              Year-end . . . . . . . .          37,419,442     35,369,642
   shares outstanding                                                     impairments other                                                              Balance Sheet Items,            as of Mar. 31($):
   - diluted . . . . . .            36,207        36,269     36,228       than goodwill . .                  2,424        1,150                  533
Year end shares                                                        Total operating                                                                    Assets:                                                2009
   outstanding . . . .              36,260        36,228     36,038       expenses . . . . . .              38,604       25,137             24,411     Cash & equivalents . . .          ...........           73,361
Income (loss) per                                                      Operating income                                                                Inventories . . . . . . . . . .   ...........          119,152
   share-continuing                                                       (loss) . . . . . . . .           dr3,010       13,088             19,229     Current assets . . . . . . . .    ...........          237,033
   operations - basic               d$2.44          $.20        $.10   Licensing fees &                                                                Net property & equip. . .         ...........        1,430,479
Income (loss) per                                                         royalties . . . . . .          .......      .......                   5.13   Total assets . . . . . . . . .    ...........        3,186,345
   share-discontinued                                                  Interest income . . .                   208           711              1,241       Liabilities:
   operations - basic            .......            $.07        $.01   Interest expense . .                    221          157                  229   Current liabilities . . . . .     ...........              200,631
Net income (loss) per                                                  Reversal of interest                                                            Long-term debt . . . . . .        ...........              181,988
   share - basic . . .              d$2.44         $0.27       $0.11      expense for                                                                  Stockholders’ equity . . .        ...........            2,750,226
Income (loss) per                                                         uncertain tax
   share-continuing                                                       positions . . . . . .                429    .......           .......        NEW MOTION INC.
   operations -                                                        Other income (loss),                                                              New Name:On June 26, 2009, Co. changed its name to
   diluted . . . . . . .            d$2.44          $.20        $.10      net . . . . . . . . . .             2.00            97                  64   Atrinsic Inc. from New Motion Inc.
Income (loss) per                                                      Total other income
   share-discontinued                                                     (expense) . . . . .                  418           651              1,076
   operations -                                                        Income (loss) before                                                            NEW ORIENTAL ENERGY & CHEMICAL CORP
   diluted . . . . . . .         .......            $.07        $.01      prov for income                                                                 Annual Report:
Net income (loss) per                                                     taxes . . . . . . . . .          dr2,592       13,739             20,305        Consolidated Income Account, years ended Mar.
   share - diluted . .              d$2.44         $0.27       $0.11   Provision (benefit)                                                             31 ($ of US $):
Total number of                                                           for income taxes                   2,596        5,079               7,996
   employees . . . . .               3 569         3 648  .......      Net income (loss)                   dr5,188        8,660             12,309                                            2009       2 2008       1 2007
Number of common                                                                                                                                       Revenues . . . . . . .         52,545,647 67,832,920 38,338,773




                                                                                                                                                                                                                                OTC
   stockholders . . .              3 6 599     3 4 5 608  .......      Common shares(000)                                                              Cost of goods sold             54,038,734 56,978,425 32,731,663
Number of                                                              Weighted average                                                                Gross profit (loss)             dr1,493,087 10,854,495 5,607,110
   beneficiary                                                            shares outstanding                                                           General &
   stockholders . . .          3 4 6 5,200    3 4 5 5,792 .......         - basic . . . . . . . .           22,039       24,020             23,920        administrative . .            2,626,115 3,088,184 1,243,143
Number of                                                              Weighted average                                                                Selling &
   stockholders . . .            .......      3 4 5 6,400 .......         shares outstanding                                                              distribution . . . .          1,147,596 1,171,737         659,836
                                                                          - diluted . . . . . .             22,039       24,148             24,355     Research &
    1 Restated to reflect Navarre Entertainment Media, Inc.
                                                                       Year end shares                                                                    development . . .               141,029       75,961     .......
as discontinued operations in accordance with SFAS No.                    outstanding . . . .               19,494       23,775             24,302     Income (loss) from
144 2 Reclassified to conform with 2009 presentation                   Net income (loss) per                                                              operations . . . . .         dr5,407,827 6,518,613 3,704,131
 3 As is 4 Approximately 5 As of June 10, 2008 6 As of
                                                                          common share -                                                               Interest expense, net            1,095,716      516,032      238,697
June 8, 2009                                                              basic . . . . . . . . .           d$0.24        $0.36               $0.51    Government grants                1,437,748       85,405      372,290
   Consolidated Balance Sheet, as of Mar. 31($000):                    Net income (loss) per                                                           Other expenses, net                 98,206      115,016       18,822
                                                                          common share -                                                               Income (loss) before
   Assets:                                    2009           1 2008
                                                                          diluted . . . . . . .             d$0.24        $0.36               $0.51       income taxes . . .           dr5,164,001 5,972,970 3,818,902
Cash & cash                                                            Dividends declared                                                              Income tax expense
   equivalents . . . . . . .             .......              4,445       per share . . . . . .          .......            $.50                $.60      (benefit) . . . . . .        cr1,434,994 1,932,695        812,126
Marketable securities                         1,024           1,506    Total number of                                                                 Income (loss) from
Accounts receivable,                                                      employees . . . . .              3 4 160      3 4 170                4 162      continuing
   net . . . . . . . . . . . . .            72,817          76,806     Number of common                                                                   operations . . . . .         dr3,729,007 4,040,275 3,006,776
Inventories . . . . . . . . .               26,732          32,654        stockholders . . .             3 4 5 173  3 4 6     . . . . . 3. 4 6 197     Gain from
Prepaid expenses &                                                     Number of                                                                          discontinued
   other current assets                     11,090          12,118        beneficiary                                                                     operation . . . . .            .......          1,760      10,895
Income taxes receiva-                                                     stockholders . . .           3 4 5 4,055   3 4 7 5,068      3 4 6 3,878      Gain from
   ble . . . . . . . . . . . . .              4,866              937       1 Reclassified to conform with 2008 presentation                               disposition of
Deferred tax assets -                                                   2 Reclassified to conform with 2009 presentation                                  discontinued
   current . . . . . . . . . .                6,219           9,100     3 Approximately 4 As is 5 As of June 4, 2009 6 As of
                                                                                                                                                          operation . . . . .            .......        20,906     .......
Total current assets . . .                 122,748         137,566                                                                                     Net income (loss)               dr3,729,007 4,062,941 3,017,671
Property & equipment,                                                  June 1, 2007 7 As of June 4, 2008                                               Common shares
   net . . . . . . . . . . . . .            15,957          17,181        Consolidated Balance Sheet, as of Mar. 31($000):                             Weighted average
Assets held for sale,                                                                                                                                     shares outstanding
   net . . . . . . . . . . . . .         .......            2 1,428       Assets:                                    2009                   1 2008
                                                                                                                                                          - basic . . . . . . . .     12,640,000 12,640,000 9,922,137
Software development                                                   Cash & cash                                                                     Weighted average
   costs, net . . . . . . . .                   677       .......         equivalents . . . . . . .                16,049                  18,325         shares outstanding
Marketable securities                    .......              2,667    Restricted cash . . . . . .                      16                        38      - diluted . . . . . .       12,640,000 12,640,000 9,922,137
Goodwill . . . . . . . . . .             .......            81,697     Marketable securities                            90                       930   Year end shares
Intangible assets, net                        3,406           9,984    Accounts receivable,                                                               outstanding . . . .         12,640,000 12,640,000 12,640,000
Licenses fees, net . . . .                  17,728          20,515        net . . . . . . . . . . . . .            10,242                  13,873      Net income (loss) per
Production costs . . . . .                  3 8,408         3 7,316    Tax receivable . . . . . .                      683              .......           share - continuing
Deferred tax assets . . .                   10,299        .......      Deferred tax asset . . . .                      358                       620      operations - basic                 d$.30          $.32         $.30
                                                                       Prepaid & other assets                       1,652                     1,899    Net income (loss) per
Other assets . . . . . . . .                  3,946           5,108                                                                                       share - basic . . .              d$0.30         $0.32        $0.30
Total assets . . . . . . . .               183,169         283,462     Total current assets . . .                  29,090                  35,685
                                                                       Equipment & furniture,                                                          Net income (loss) per
   Liabilities:                                                                                                                                           share - continuing
Note payable - line of                                                    net . . . . . . . . . . . . .             5,573                     4,774       operations -
   credit . . . . . . . . . . .             24,133          31,314     Prepaid distribution                                                               diluted . . . . . . .              d$.30          $.32         $.30
Note payable - short                                                      rights, net . . . . . . . .              10,933                  10,381      Net income (loss) per
   term . . . . . . . . . . . .          .......                 150   Recoupable costs &                                                                 share - diluted . .              d$0.30         $0.32        $0.30
Capital lease obligation                                                  producer advances                         4,999                     2,448    Number of full time
   - short term . . . . . .                      90               59   Film costs, net . . . . . .                  6,672                     7,626       employees . . . . .              3 1,211    .......      .......
Accounts payable . . . .                   106,708          92,199     Goodwill . . . . . . . . . .                 8,599                  18,608      Total number of
Checks written in ex-                                                  Other identifiable intan-                                                          employees . . . . .            .......        3 1,350    .......
   cess of cash balance                         297       .......         gible assets, net . . .                   1,630                     3,120    Number of common
Deferred compensation                         2,149           2,080    Other assets . . . . . . . .                 1,043                     1,019       stockholders . . .             3 5 1,650    3 4 2,500    .......
Accrued expenses . . . .                    11,504          16,118     Total assets . . . . . . . .                68,539                  83,661          1 Restated to reflect adoption of SFAS 144 for the
Total current liabilities                  144,881         141,920        Liabilities:                                                                 discontinued operations of Henan Luoshan Jinding LPG
Note payable -                                                         Accounts payable . . . .                     2,144                     2,937    Co., Ltd., and its subsidiary 2 Reclassified to conform
   long-term . . . . . . . .             .......              9,594    Dividend payable . . . .                  .......                      2,982    with 2009 presentation 3 Approximately 4 As of June 16,
Capital lease obligation                                               Taxes payable . . . . . .                 .......                         760   2008 5 As of June 22, 2009
   - long-term . . . . . . .                    115               60   Producer payable . . . .                        950                    1,012
Deferred compensation                    .......              3,491                                                                                       Consolidated Balance Sheet, as of Mar. 31($ of US
                                                                       Deferred revenue . . . .                        737                       984   $):
Deferred tax liabilities -                                             Accrued compensation                         1,188                     1,817
   non-current . . . . . .               .......              3,106    Deferred producer lia-                                                             Assets:                                    2009            1 2008
Interest taxes payable                        1,166              880      bilities . . . . . . . . . .              1,970                     2,862    Cash & cash
Total liabilities . . . . . .              146,162         159,051     Short-term debt . . . . .                    4,000               .......           equivalents . . . . . . .                410,870        7,487,808
Common stock . . . . . .                   161,134         160,103     Accrued & other liabili-                                                        Restricted cash . . . . . .              4,388,596         5,438,809
Retained earnings (ac-                                                    ties . . . . . . . . . . . . .            2,112                     2,257    Notes receivable, net                     2 722,242        2 647,908
   cumulated deficit) . .               dr124,126         dr35,692     Total current liabilities                   13,101                  15,611      Inventories, net . . . . .               1,678,626         2,171,040
Accumulated other                                                      Deferred tax liabilities                        903                       795   Prepayments for goods                       301,450        1,196,831
   comprehensive in-                                                   Taxes payable . . . . . .                       242                       216   Due from employees                           18,424           13,213
   come (loss) . . . . . . .                 dr1.00       .......                                                                                      Other assets . . . . . . . .                 19,152          134,993
Total shareholders’ eq-                                                Other long-term liabili-                                                        Due from a related par-
   uity . . . . . . . . . . . .             37,007         124,411        ties . . . . . . . . . . . . .               718                    1,002       ty . . . . . . . . . . . . . .           253,959         .......
    1 Reclassified to conform with 2009 presentation 2 Net
                                                                       Total liabilities . . . . . .               14,964                  17,624      Deferred taxes - current
                                                                       Common stock . . . . . .                       2.00                      2.00      portion . . . . . . . . . .              307,404          179,541
of accumulated depreciation: 2008 $194,000 3 Net of                    Additional paid-in capi-
amortization - Production costs: 2008 $7,439,000; 2009                                                                                                 Total current assets . . .               8,100,723        17,270,143
$12,223,000                                                               tal . . . . . . . . . . . . .            54,702                  61,854      Long-term investment                        469,580           29,919
                                                                       Retained earnings (ac-                                                          Property & equipment,
                                                                          cumulated deficit) . .                    dr997                     4,191       net . . . . . . . . . . . . .        18,695,469        20,102,938
NESS TECHNOLOGIES INC                                                  Accumulated other                                                               Land use rights, net . .                 1,637,352         1,629,633
 Contracts: On June 23, 2009, Co. received a                              comprehensive in-                                                            Construction in pro-
multi-million dollar contract to provide its NessControl                  come (loss) . . . . . . .                 dr132                      dr10       gress . . . . . . . . . . .          25,703,868         9,740,638
Page 670                                                                   MERGENT OTC INDUSTRIAL                                                                                        July 21, 2009

Deposits . . . . . . . . . . .      2,123,963    1,978,389     Number of full time                                                      Number of full time
Deferred taxes -                                                 employees . . . . .              2 1,328        2 1,882      2 2,064     employees . . . . .           2 3 86,000     2 84,233    2 74,674
   non-current portion              1,422,756     .......      Number of common                                                         Number of common
Other long-term assets                 11,049        2,655       stockholders . . .              3 2 5 72       3 2 4 70       2 6 74     stockholders . . .              2 18,952     2 20,505    2 21,443
Total long-term assets            50,064,037    33,484,172     Number of                                                                    1 Reclassified to conform with 2008 presentation 2 As
Total assets . . . . . . . .      58,164,760    50,754,315       beneficiary                                                            is 3 Approximately
   Liabilities:                                                  stockholders . . .            3 2 5 15,000   3 2 4 20,000 2 6 20,000
Accounts payable . . . .            9,697,419    1,656,883         1 Net of recovery: 2007 $13,000 2 As is 3 Approxi-                      Consolidated Balance Sheet, as of May 31($000):
Other payables & ac-                                           mately 4 As of June 24, 2008 5 As of June 25, 2009 6 As                     Assets:                                   2009            1 2008
   crued liabilities . . . .          887,920      545,090     of June 22, 2007                                                         Cash & cash
Short-term debt . . . . .         15,743,355    17,954,837                                                                                 equivalents . . . . . . .            8,995,000        8,262,000
Customer deposits . . .             2,907,587    4,220,527        Consolidated Balance Sheet, as of Apr. 30($000):
                                                                                                                                        Marketable securities                   3,629,000        2,781,000
Payable to contractors              1,477,066      506,364        Assets:                                     2009            1 2008    Trade receivables, net                  4,430,000        5,127,000
Due to related parties              8,361,642    5,708,995     Cash & cash                                                              Deferred tax assets . . .                  661,000         853,000
Deferred taxes - current                                          equivalents . . . . . . .                 257,808         217,340     Prepaid expenses &
   portion . . . . . . . . . .        432,232      399,080     Short-term investments                        16,973           51,993       other current assets                    866,000       1,080,000
Taxes payable . . . . . .             570,009    1,424,992     Accounts receivable,                                                     Total current assets . . .             18,581,000       18,103,000
Total current liabilities         40,077,230    32,416,768        net . . . . . . . . . . . . .              43,978         105,338     Property, net . . . . . . .             1,922,000        1,688,000
Long-term bank loan                 2,925,730     .......      Inventories . . . . . . . . .                105,024         115,127     Intangible assets -
Long-term notes paya-                                          Deferred income taxes                          1,092            2,823       software support
   ble . . . . . . . . . . . . .      531,020      517,168     Prepaid expenses &                                                          agreements & related
Deferred taxes -                                                  other current assets                        7,779            7,430       relationships, net . .               3,411,000        3,797,000
   non-current portion                452,242      374,369     Total current assets . . .                   432,654         500,051     Intangible assets - oth-
Due to employees . . . .              160,271      156,517                                                                                 er, net . . . . . . . . . . .        3,858,000        4,598,000
Total long-term liabili-                                       Property, plant &
                                                                  equipment, net . . . .                    119,071           92,451    Goodwill . . . . . . . . . .           18,842,000       17,991,000
   ties . . . . . . . . . . . . .   4,069,263    1,048,054                                                                              Other assets . . . . . . . .               802,000       1,091,000
Total liabilities . . . . . .     44,146,493    33,464,822     Long-term investments                         85,469           85,419
                                                               Goodwill . . . . . . . . . .               .......              7,541    Total non-current as-
Common stock . . . . . .               12,640       12,640                                                                                 sets . . . . . . . . . . . .        28,835,000       29,165,000
Additional paid-in capi-                                       Intangibles, net . . . . . .                   7,396           13,928
                                                               Total other long-term                                                    Total assets . . . . . . . .           47,416,000       47,268,000
   tal . . . . . . . . . . . . .    4,573,205    4,573,205                                                                                 Liabilities:
Retained earnings . . . .         3 6,897,492 3 10,626,499        assets . . . . . . . . . . .               22,341           18,956
                                                               Total assets . . . . . . . .                 666,931         718,346     Notes payable, current
Accumulated other                                                                                                                          & other current bor-
   comprehensive in-                                              Liabilities:
                                                               Accounts payable . . . .                      28,775           57,760       rowings . . . . . . . . .            1,001,000        1,001,000
   come . . . . . . . . . . .       2,534,930    2,077,149                                                                              Accounts payable . . . .                   271,000         383,000
Total stockholders’ eq-                                        Accrued expenses &
                                                                  other current liabili-                                                Accrued compensation
   uity . . . . . . . . . . . .   14,018,267    17,289,493                                                                                 & related benefits . .               1,409,000        1,770,000
    1 Reclassified to conform with 2009 presentation
                                                                  ties . . . . . . . . . . . . .             12,153           17,069
                                                               Income taxes payable                             692            2,637    Deferred revenues . . .                 4,592,000        4,492,000
 2 Reserve - Notes receivable: 2008 $135,563; 2009                                                                                      Other current liabilities               1,876,000        2,383,000
                                                               Deferred revenues, less
$146,287 3 Restricted portion: 2008 $950,327; 2009                cost of revenues . . .                      7,176            8,238    Total current liabilities               9,149,000       10,029,000
$950,327                                                       Current portion of                                                       Notes payable & other
                                                                  long-term debt . . . .                      3,555               651      non-current borrow-
                                                               Total current liabilities                     52,351           86,355       ings . . . . . . . . . . . .         9,237,000       10,235,000
NEW ORIENTAL ENERGY & CHEMICAL CORP                                                                                                     Income taxes payable                    2,423,000        1,566,000
   Auditor’s Report: The following is an excerpt from the      Long-term income tax-                                                    Deferred tax liabilities                   480,000       1,218,000
report of the Independent Auditors, Weinberg &                    es payable . . . . . . .                   81,266           78,031    Other non-current lia-
Company, P.A., as it appeared in Co.’s 2009 10-K: ‘In our      Non-current portion of                                                      bilities . . . . . . . . . .         1,037,000        1,195,000
                                                                  long-term debt . . . .                     32,867           32,830




                                                                                                                                                                                                              OTC
opinion, the consolidated financial statements referred to                                                                              Total non-current liabil-
above present fairly, in all material respects, the            Total other long-term                                                       ities . . . . . . . . . . . .       13,177,000       14,214,000
consolidated financial position of New Oriental Energy &          liabilities . . . . . . . .                 8,109            6,955    Common stock & addi-
Chemical Corp. and Subsidiaries as of March 31, 2009 and       Total long-term liabili-                                                    tional paid in capital              12,980,000       12,446,000
2008, and the results of their operations and their cash          ties . . . . . . . . . . . . .            122,242         117,816     Retained earnings . . . .              11,894,000        9,961,000
flows for the years then ended, in conformity with             Total liabilities . . . . . .                174,593         204,171     Accumulated other
accounting principles generally accepted in the United         Minority interest . . . .                      3,497            4,444       comprehensive in-
States of America. The accompanying consolidated               Common stock . . . . . .                          63                62      come (loss) . . . . . . .               216,000         618,000
financial statements have been prepared assuming the           Additional paid-in capi-                                                 Total stockholders’ eq-
Company will continue as a going concern. As discussed            tal . . . . . . . . . . . . .             403,159         373,024        uity . . . . . . . . . . . .        25,090,000       23,025,000
in Note 2 to the consolidated financial statements, the        Accumulated other                                                            1 Reclassified to conform with 2009 presentation
Company incurred a net loss of $3,729,007 for the year            comprehensive in-
ended March 31, 2009 and has a working capital deficit of         come (loss) . . . . . . .                     773            1,561
$31,976,507 at March 31, 2009. These matters raise             Treasury stock . . . . . .                   178,683         165,768     OSCIENT PHARMACEUTICALS CORP
substantial doubt about the Company’s ability to continue      Retained earnings (ac-                                                      Interest    Sale     Development: On July 13, 2009,
as a going concern. Management’s plans in regard to these         cumulated deficit) . .                    263,529         300,852     Cornerstone Therapeutics Inc. signed a definitive asset
matters are also described in Note 2. The consolidated         Total stockholders’ eq-                                                  purchase agreement with Co. to acquire the commercial
financial statements do not include any adjustments that          uity . . . . . . . . . . . .              488,841         509,731     rights to the antibiotic Factive(R) (gemifloxacin mesylate)
might result from the outcome of this uncertainty.‘                1 Reclassified to conform with 2009 presentation                     in North America and certain countries in Europe. Terms
                                                                                                                                        of the transaction were not disclosed.
NEWPORT CORP.                                                  ORACLE CORP.                                                             OSCIENT PHARMACEUTICALS CORP
   Acquisition   Completed: On July 6, 2009, Co.                  Annual Report:                                                           Bankruptcy      Proceedings: On July 13, 2009, Co. and
acquired New Focus(TM) business from Oclaro, Inc., in                                                                                   its wholly owned subsidiary, Guardian II Acquisition
exchange for Co.’s Diode Laser Business and $3,000,000,           Consolidated Income Account, years ended May                          Corp., filed a voluntary petition for relief under Chapter 11
in cash.                                                       31 ($000):                                                               of the United States Bankruptcy Code, in the United States
                                                                                                2009       2008     1 2007              Bankruptcy Court for the District of Massachusetts, Case
OCLARO INC.                                                    New software                                                             No. 09-16576.
   Interest Sale Completed: On July 6, 2009, Co. sold             licenses . . . . . . .   7,123,000 7,515,000 5,882,000
its New Focus(TM) business to Newport Corporation              Software license                                                         PACIFIC SANDS INC
(‘Newport‘), in exchange for Newport’s Diode Laser                updates & product                                                        History & Business:
Business and $3,000,000, in cash.                                 support . . . . . . .   11,754,000 10,328,000 8,329,000
                                                               Software revenues,                                                          History: Incorporated in Nevada on July 7, 1994.
                                                                  net . . . . . . . . . . 18,877,000 17,843,000 14,211,000                 On Feb. 8, 2008, Co. acquired certain assets of Natural
OMNIVISION     TECHNOLOGIES       INC                          Services revenues           4,375,000 4,587,000 3,785,000                Choices Home Safe Products, LLC, for $890,000.00. Co.
   Annual Report:                                              Total revenues . . .       23,252,000 22,430,000 17,996,000              finalized the acquisition by paying an additional $50,000
   Consolidated Income Account,         years ended Apr.       Sales & marketing                                                        in the form of 500,000 shares of its restricted common
30 ($000):                                                        expense . . . . . .      4,638,000 4,679,000 3,907,000                stock, and $60,000 in cash. The balance will be paid in
                                                               Software license                                                         semi-annual installments of restricted common shares and
                               2009       2008       2007         updates & product                                                     cash beginning on Aug. 1, 2008.
Revenues . . . . . . .      507,316     799,628    528,143        support expense          1,088,000    997,000    842,000                 Business           Activities: Pacific Sands develops,
Cost of revenues . .        389,434     593,377    372,776     Cost of services . . .      3,706,000 3,984,000 3,349,000                manufactures, markets and sells a range of non-toxic,
Gross profit (loss)         117,882     206,251    155,367     Research &                                                               environment friendly cleaning and water-treatment
Research,                                                         development                                                           products based on proprietary blended botanical, nontoxic
   development &                                                  expense . . . . . .      2,767,000 2,741,000 2,195,000                and natural chemical technologies. Co.’s products have
   related operating                                           General &                                                                applications ranging from water maintenance (spas,
   expenses . . . . . .      84,881      79,369     67,570        administrative                                                        swimming pools, fountains, decorative ponds) to cleaning
Selling, general &                                                expense . . . . . .        785,000    808,000    692,000              (nontoxic household and industrial) and pet care.
   administrative                                              Amortization of
   expenses . . . . . .      62,585      62,228     58,674        intangible assets        1,713,000 1,212,000     878,000                 Property: Co. leases its principal executive offices and
Goodwill                                                       Acquisition related &                                                    warehouse facility in approx. 12,000 sq. ft. in Racine, WI.
   impairment . . . .         7,541 .   ......    .......         other expense . .          117,000    124,000    140,000                                              Officers
Litigation settlement,                                         Restructuring                                                            Michael L. Wynhoff, Chief Executive Officer; President
   net . . . . . . . . . . .......  .   ......     1   3,300      expense . . . . . .        117,000     41,000     19,000              Michael D. Michie, Chief Financial Officer; Treasurer
Total operating                                                Total operating
   expenses . . . . . .     155,007     141,597    129,544        expenses . . . . . .    14,931,000 14,586,000 12,022,000                                             Directors
Income (loss) from                                             Operating income            8,321,000 7,844,000 5,974,000                Michael L. Wynhoff                     Michael D. Michie
   operations . . . . .    dr37,125      64,654     25,823     Interest expense . .          630,000    394,000    343,000              John D. Hagarty, Ph.D.                 Thomas Paulsen
Interest income                                                Non-operating                                                               Auditors: Frank L. Sassetti & Co.
   (expense), net . .         2,069      12,128     14,580        income (expense),
Other income                                                      net . . . . . . . . . .    143,000    384,000    355,000                 Shareholder             Relations: Michael L. Wynhoff,
   (expense), net . .       dr3,171      dr691     dr1,285     Income (loss) before                                                     President & Chief Executive Officer Tel.: 262-619-3261
Income (loss) before                                              provision for                                                            No. of Stockholders: Jun. 22, 2009, 750
   income taxes &                                                 income taxes . . .       7,834,000 7,834,000 5,986,000                   No. of Employees: Jun. 22, 2009, 13
   minority interest       dr38,227      76,091     39,118     Provision for (benefit
Provision for (benefit                                            from) income                                                             Address: 1509 Rapids Drive, Racine, WI 53404 Tel.:
   from) income                                                   taxes . . . . . . . . .  2,241,000 2,313,000 1,712,000                262      619-3261          Fax:      262    619-1999      E-mail:
   taxes . . . . . . . . .    cr158      11,049      9,392     Net income (loss)           5,593,000 5,521,000 4,274,000                michael.michie@pacificsandsinc.com                          Web:
Minority interest . .         dr746        dr33      5,753     Common shares(000)                                                       www.pacificsands.biz
Net income (loss)          dr37,323      65,075     23,973     Weighted average                                                            Income Account, years ended June 30 (in $):
Common shares(000)                                                shares outstanding
Weighted average                                                  - basic . . . . . . . .  5,070,000 5,133,000 5,170,000                                                   2008        1 2007        2006
   shares                                                      Weighted average                                                                                                     (revised)    (revised)
   outstanding-basic         50,523      54,401     54,706        shares oustanding -                                                   Net sales . . . . . . . .       976,357      596,774      433,918
Weighted average                                                  diluted . . . . . . .    5,130,000 5,229,000 5,269,000                Cost of sales . . . . .         404,632      230,724      183,181
   shares                                                      Year end shares                                                          Gross profit . . . . .          571,725      366,050      250,737
   outstanding-diluted       50,523      54,767     55,234        outstanding . . . .      5,005,000 5,150,000 5,107,000                Sell & admin exps               852,277      876,016      582,123
Year end shares                                                Net earnings (loss)                                                      Income (loss) fr
   outstanding . . . .       50,049      51,046     54,941        per share - basic            $1.10      $1.08      $0.83                 opers . . . . . . . .      dr280,552 dr509,966 dr331,386
Net income (loss) per                                          Net earnings (loss)                                                      Int exp . . . . . . . . .         44,055       41,545       9,119
   share-basic . . . .       d$0.74       $1.20        $0.44      per share - diluted          $1.09      $1.06      $0.81              Gain (loss) on
Net income (loss) per                                          Dividends declared                                                          restructuring of rel
   share-diluted . . .       d$0.74       $1.19        $0.43      per common share               $.05 .......    .......                   party . . . . . . . . .     .......     .......        dr7,810
July 21, 2009                                                                  MERGENT OTC INDUSTRIAL                                                                                            Page 671

Disputed pays                                                          (3) $80,500 note payable - settlement obligation, due                Common Shares:
   written off . . . . .      .......    .......           39,915   2010.                                                                     Fully diluted . . . . . .          22,262,305      22,114,006
Gain (loss) on disp of                                                 Line of Credit: As of June 30, 2008, Co. has outstand-                 Year-end . . . . . . . .           20,751,215      19,615,539
   assets . . . . . . . .     .......    .......          dr1,843   ing line of credit of $10,632 under its $15,000 line of
Misc inc . . . . . . . .      .......    .......               32   credit from Dell Financial Services and outstanding busi-               PHASE FORWARD INC
Other income                                                        ness line of credit of $99,589 under its $100,000 business                 Acquisition   Development: On July 15, 2009, Covance
   (expense) . . . . .          11,699            414   .......     line of credit with JP Morgan Chase Bank, NA, bearing                   Inc. (‘Covance‘) signed an agreement to sell its Interactive
Tot other income                                                    interest at the prime interest rate plus 1.5%.                          Voice & Web Response Services business to Co. Terms of
   (expense) . . . . .        .......    .......           21,175      Subsequent Event: In Sept. 2008, Co. entered into a                  the transaction were not disclosed. Covance expects the
Income (loss) bef inc                                               three year, interest-only convertible note with an interest             sale, which is subject to certain closing conditions, to be
   tax . . . . . . . . . .   dr312,908   dr551,097      dr310,211   rate of 12% per annum, payable in quarterly, interest-only              completed by the end of Aug.
Common shares :                                                     payments, with a group of unrelated investors. The princi-
Net income (loss)            dr312,908   dr551,097      dr310,211   pal portion of the note is convertible into common stock of
Weigh avg shares                                                    Co. after thirty (30) months at an agreed upon price of $.10            PHOTRONICS,           INC.
   outstg-basic . . . .      36,207,648 32,915,564 30,195,813       per share. At the time of conversion, Co. has the right, but               Earnings, 6 mos. to May 3 (Consol.              $000):
Weigh avg shares                                                    not the obligation to pay up to one-half of the outstanding
   outstg-diluted . .        36,207,648 32,915,564 30,195,813       balance in cash. Under the terms of the convertible note                                              05/03/09                 04/27/08
Yr end shares outstg         38,699,771 34,361,124 30,785,593       Co. may borrow up to $500,000. To date, Co. had bor-                    Net Sales . . . . . . . . . .  171,275                  213,545
Net income (loss) per                                               rowed $82,000 under these terms.                                        Cost & expenses . . . .        181,652                  211,404
   sh-basic . . . . . .        dr$0.01     dr$0.02        dr$0.01                                                                           Operating income . . . .      dr10,377                    2,141
                                                                       Capital Stock: 1. Pacific Sands Inc common; par                      Interest expense . . . . .       9,076                    4,983
Net income (loss) per                                               $0.001.                                                                 Other income
   sh-diluted . . . . .        dr$0.01     dr$0.02        dr$0.01   AUTH        50,000,000 shs.                                                (expense), net . . . . .        451                    1,219
No of full time                                                     OUTSTG         Jun. 30, 2008 38,699,771 shs; par $0.001.                Minority interest . . . .          181                      982
   employees . . . . .               8              6          6    PRIVATE PLACEMENTS                (850,000 shares) privately            Income taxes . . . . . . .       1,122                    2,804
No of part time                                                     placed on Dec. 22, 2006.                                                Net income . . . . . . .      dr20,305                  dr5,409
   employees . . . . .               3         3          3         LISTED        Over-the-Counter : PFSD                                   Earn com sh:
Tot no of employees                 11         9          9                                                                                    Primary . . . . . . . . .    d$0.49                  d$0.13
No of com stkhlders              2 758     2 760      2 680
                                                                                                                                               Fully Diluted . . . . .      d$0.49                  d$0.13
    1 Reclassified to        conform with 2008 presentation         PATTERSON COMPANIES INC
                                                                       Annual Report:                                                       Common Shares (000):
 2 Approximately                                                                                                                               Fully diluted . . . . . .    41,749                  41,632
   Balance Sheet, as         of June 30 (in $):                        Consolidated            Income       Account,     years     ended       Year-end . . . . . . . .     41,777                  41,643
                                                                    ($000):
                                         2008           2007
   Assets:                                          (revised)                                         04/25/09     04/26/08     04/28/07    PIER 1 IMPORTS INC.
Cash & cash equivs . .                  7,487         13,969        Net sales . . . . . . . .       3,094,227 2,998,729 2,798,398              Earnings, 3 mos. to May 30 (Consol.              $000):
Trade receivables,                                                  Cost of sales . . . . .         2,050,703 1,967,004 1,829,526
                                                                    Gross profit . . . . .          1,043,524 1,031,725          968,872                                05/30/09                   05/31/08
   gross . . . . . . . . . . .        270,029        108,972        Operating expenses                 697,298      672,522      633,182    Net Sales . . . . . . . . . .281,130                    310,020
Allow for doubtful                                                  Operating income                   346,226      359,203      335,690    Cost & expenses . . . .      301,873                    331,782
   accts . . . . . . . . . . .         13,602         10,323        Other income, net                    3,574       11,017         8,148   Deprec., depl. &
Trade receivables, net                256,427         98,649        Interest expense . .                30,149       12,792       14,230       amort. . . . . . . . . . .             5,961          8,673
Raw material . . . . . . .            106,862         29,765        Income before                                                           Operating income . . . .               dr26,704       dr30,435
Finished goods . . . . . .             28,420         63,492           income taxes . . .              319,651      357,428      329,608    Interest expense . . . . .                2,937          3,605
Invent . . . . . . . . . . . .        135,282         93,257        Income taxes . . . . .             120,016      132,570      121,272    Other income
Ppd exps . . . . . . . . . .              948         17,092        Net income . . . .                 199,635      224,858      208,336       (expense), net . . . . .              58,768          1,503
Other curr assets . . . .               2,268          5,866        Common shares(000)                                                      Income taxes . . . . . . .                cr187            287
                                                                                                                                            Net income . . . . . . .                 29,314       dr32,824




                                                                                                                                                                                                              OTC
   Tot curr assets . . . .            402,412        228,833        Weighted average                                                        Earn com sh:
Furniture, fixtures &                                                  shares outstanding                                                      Primary . . . . . . . . .              $0.32         d$0.37
   office equip . . . . . .            30,450         24,953           - basic . . . . . . . .         117,716      132,078      136,815       Fully Diluted . . . . .                $0.32         d$0.37
Manufacturing equip                    61,604         12,204        Weighted average                                                        Common Shares (000):
Lsehld improve . . . . .                3,035          3,035           shares outstanding                                                      Fully diluted . . . . . .             91,113         88,620
Computer software . . .                15,277         15,277           - diluted . . . . . .           118,355      132,910      137,769       Year-end . . . . . . . .              90,488         89,024
Prop & equipment,                                                   Year end shares
   gross . . . . . . . . . . .        110,366         55,469           outstanding . . . .             122,042      122,357      139,490       Consolidated Balance           Sheet Items, as of ($000):
Less: Accum deprec -                                                Net earnings per                                                           Assets:                                            05/30/09
   prop & e . . . . . . . . .          32,055         17,093           share - basic . . .               $1.70        $1.70         $1.52   Cash & equivalents . . .          ...........          135,848
Prop & equipment, net                  78,311         38,376        Net earnings per                                                        Inventories . . . . . . . . . .   ...........          294,181
Security dep . . . . . . . .              816          1,109           share - diluted . .               $1.69        $1.69         $1.51   Current assets . . . . . . . .    ...........          489,546
Intang asset . . . . . . . .          861,862       .......         Number of full time                                                     Net property & equip. . .         ...........        dr426,656
Tot other assets . . . . .            862,678          1,109           employees . . . . .           .......      1 2 6,850    1 2 6,580
                                                                                                                                            Total assets . . . . . . . . .    ...........          593,157
                                                                    Number of                                                                  Liabilities:
   Tot assets . . . . . . . .      1,343,401         268,318           employees . . . . .           1 2 7,010    .......      .......
   Liabilities:                                                     Number of common                                                        Current liabilities . . . . .     ...........          217,811
Accts pay . . . . . . . . . .         331,824        108,077           stockholders . . .            1 3 3,597    1 5 3,608    1 4 3,733
                                                                                                                                            Long-term debt . . . . . .        ...........          103,771
Curr matur of lg-term                                                                                                                       Stockholders’ equity . . .        ...........          180,000
   debt . . . . . . . . . . . .      .......          17,192            1 As is 2 Approximately 3 As of June 22, 2009 4 As of
Curr matur of cap lse                                               June 25, 2007       5 As of June 23, 2008
   obligatio . . . . . . . . .         21,598       .......                                                                                 POMEROY IT SOLUTIONS INC
                                                                       Consolidated Balance Sheet, as of ($000):                               Sale    Development: On June 22, 2009, Co. entered
Accrued compens . . . .                71,484       .......                                                                                 into an amendment to its merger agreement with Hebron
Accrued tax . . . . . . . .            33,497       .......            Assets:                                04/25/09         04/26/08
Accrued professional                                                Cash & cash                                                             LLC (‘Hebron‘). The amendment increases the purchase
   fees . . . . . . . . . . . .        38,964       .......            equivalents . . . . . . .               158,065          308,164     price Hebron will pay to Co.’s stockholders other than Mr.
                                                                    Receivables, net . . . . .                 476,156          364,050     Pomeroy and his affiliates from $5.02 per share to $6.00
Accrued other . . . . . .              10,524       .......                                                                                 per share.
Accrued exps . . . . . . .            154,469        106,837        Inventory . . . . . . . . . .              269,934          281,238
Defer compens . . . . . .             139,732        255,530        Prepaid expenses &
Notes pay - other . . . .            .......          62,773           other current assets                     33,440            31,589    REGAL LIFE CONCEPTS INC
Dell Finl Services - line                                           Total current assets . . .                 937,595          985,041        Earnings, 3 mos. to May 31 (              $):
   of cr . . . . . . . . . . . .       10,632       .......         Property & equipment,
J.P. Morgan Chase -                                                    net . . . . . . . . . . . . .           166,500          148,932                                               2008            2007
   bus line of cr . . . . .            99,589       .......         Long-term receivables,                                                  Cost & expenses . . . .                  33,115           1,500
Notes pay stkhlders &                                                  net . . . . . . . . . . . . .            51,572            54,392    Deprec., depl. &
   directors . . . . . . . . .         25,000       .......         Goodwill . . . . . . . . . .               747,104          681,352       amort. . . . . . . . . . .                 43              43
Notes pay . . . . . . . . . .         135,221       .......         Identifiable intangibles,                                               Operating income . . . .               dr33,158         dr1,543
Notes pay - Nat                                                        net . . . . . . . . . . . . .           220,932          200,398     Net income . . . . . . .               dr33,158         dr1,543
   Choices acquis . . . .             190,000       .......         Other assets . . . . . . . .                 9,917             6,258    Common Shares:
Notes pay - settle oblig               36,000       .......         Total assets . . . . . . . .             2,133,620        2,076,373       Fully diluted . . . . . .          41,315,942    41,150,000
                                                                       Liabilities:                                                           Year-end . . . . . . . .           41,783,333    41,150,000
   Tot curr liabil . . . . .       1,008,844         550,409                                                                                  Balance Sheet Items,            as of May 31($):
Cap leases, less curr                                               Accounts payable . . . .                   180,933          194,405
   port . . . . . . . . . . . .        33,215         11,723        Accrued payroll ex-                                                       Assets:                                               2008
Note pay - Nat Choices                                                 pense . . . . . . . . . . .              45,105            51,560    Cash & equivalents . . .          ...........          94,708
   acquisition, n . . . . .         1 478,058       .......         Other accrued expense                       84,855            90,092    Current assets . . . . . . . .    ...........          95,592
Note pay - settle obliga-                                           Income taxes payable                         1,407         .......      Net property & equip. . .         ...........           3,365
   tion, less cu . . . . . .           44,500       .......         Current maturities of                                                   Total assets . . . . . . . . .    ...........          98,957
Tot long term liabil . .             .......          11,723           long-term debt . . . .                   22,000          130,010       Liabilities:
Tot liabil . . . . . . . . . .     1,564,617        .......         Total current liabilities                  334,300          466,067     Current liabilities . . . . .     ...........           33,297
Com stk . . . . . . . . . . .          45,309         40,970        Long-term debt . . . . .                   525,000          525,024     Stockholders’ equity . . .        ...........           65,660
Addit paid in cap . . . .          3,898,363       3,517,196        Deferred income taxes                       64,141            57,806
Treas stock, at cost . . .            132,030        132,030        Other liabilities . . . . .                 23,859            22,689
Retain earnings (accum                                              Total liabilities . . . . . .              947,300        1,071,586     SALARY.COM          INC
   deficit) . . . . . . . . . .  dr4,032,858    dr3,719,950         Common stock . . . . . .                     1,220             1,224       Annual Report:
                                                                    Additional paid-in capi-                                                   Consolidated Income Account, years ended Mar.
   Tot stkhlders equity                                                tal . . . . . . . . . . . . .            20,320         .......      31 ($):
   (deficit) . . . . . . . . .     dr221,216      dr293,814         Accumulated other
    1 Net of discount: 2008 $61,942                                    comprehensive in-                                                                                   2009          2008       1 2007
                                                                       come (loss) . . . . . . .               dr8,867            31,352    Subscription
   Auditor’s Report: The following is an excerpt from the                                                                                      revenues . . . . . .  39,630,000 31,551,867 20,502,788
Report of Independent Auditors, Frank L. Sassetti & Co.,            Retained earnings . . . .                1,293,609        1,093,974
                                                                    Note receivable from                                                    Advertising
as it appeared in the 2008 10 KSB report:                                                                                                      revenues . . . . . .   2,825,000 2,955,331 2,531,259
   ‘In our opinion, the financial statements referred to               Employee Stock
above present fairly, in all material respects, the financial          Ownership Plan                                                       Total revenues . . .     42,455,000 34,507,198 23,034,047
                                                                       (‘ESOP‘) . . . . . . . .             dr119,962         dr121,763     Cost of revenues . .     13,157,000    2 8,229,158  2 5,334,018
position of Pacific Sands, Inc. as of June 30, 2008, and the                                                                                Gross profit . . . . .   29,298,000 26,278,040 17,700,029
results of its operations and its cash flows for each of the        Total stockholders’ eq-
                                                                       uity . . . . . . . . . . . .          1,186,320        1,004,787     Research &
two years ended June 30, 2008 and 2007, in conformity                                                                                          development
with accounting principles generally accepted in the                                                                                           expenses . . . . . .   8,846,000    3 4,941,351  3 4,115,635
United States.                                                      PHARMA-BIO SERV INC                                                     Sales & marketing
   The accompanying financial statements have been pre-                Earnings, 6 mos. to Apr. 30 (Consol.               $):                  expenses . . . . . .  26,139,000 4 18,963,042 4 12,792,121
pared assuming that the Company will continue as a going                                                                                    General &
concern. As discussed in Note 2 to the financial state-                                              2009                         2008         administrative
ments, the Company has a significant accumulated deficit            Total revenues . . . . . .   6,033,413                   7,302,096         expenses . . . . . .  15,723,000 5 13,498,787    5 8,922,186
which raises substantial doubt about the Company’s abil-            Cost & expenses . . . .      5,477,620                   6,083,800      Amortization of
ity to continue as a going concern. Management’s plans in           Operating income . . . .       555,793                   1,218,296         intangible assets      1,988,000 1,125,863         125,998
regard to these matters are also described in Note 2. The           Interest income . . . . .       15,983                      57,872      Restructuring
financial statements do not include any adjustments that            Interest expense . . . . .      46,327                     133,318         charges . . . . . . .  3,081,000    .......      .......
might result from the outcome of this uncertainly.‘                 Gains or losses . . . . . .      6,081                    .......       Total operating
   Long Term Debt: June 30, 2008, $803,371 (including               Income taxes . . . . . . .     244,133                     514,943         expenses . . . . . .  55,777,000 38,529,043 25,955,940
current portion of $247,598) comprised of:                          Net income . . . . . . .       287,397                     627,907      Income (loss) from
   (1) $54,813 capital lease obligations, due 2012.                 Earn com sh:                                                               operations . . . . .  dr26,479,000 dr12,251,003 dr8,255,911
   (2) $668,058 note payable - Natural Choices Home                    Primary . . . . . . . . .     $0.01                        $0.03     Interest income . . .       537,000 1,906,172         297,690
Safe Products, LLC acquisition.                                        Fully Diluted . . . . .       $0.01                        $0.03     Interest expense . .      .......      .......        115,595
Page 672                                                                            MERGENT OTC INDUSTRIAL                                                                                                                   July 21, 2009

Other expense, net                 308,000       48,387         8,010                                      04/25/09     04/26/08     04/28/07    Income taxes . . . . . . .                                  5,324                  10,491
Total other income                                                      Revenues . . . . . . .           1,046,980 1,087,903 1,043,152           Net income . . . . . . .                                    5,107                  13,381
   (expense) . . . . .             229,000 1,857,785         174,085    Cost of revenues . .                618,377      626,661      597,515    Pfd. dividends . . . . . .                                     40                      40
Income (loss) before                                                    Gross profit . . . . .              428,603      461,242      445,637    Balance for common                                          5,067                  13,341
   provision for                                                        Selling, general &                                                       Earn com sh:
   income taxes . . .           dr26,250,000 dr10,393,218 dr8,081,826      administrative                                                          Primary . . . . . . . . .                                 $0.20                   $0.49
Provision for income                                                       expenses . . . . . .             350,919      361,754      351,839      Fully Diluted . . . . .                                   $0.20                   $0.49
   taxes . . . . . . . . .         208,000      204,800     .......     Operating income                                                         Common Shares (000):
Net income (loss)               dr26,458,000 dr10,598,018 dr8,081,826      (loss) . . . . . . . .            77,684       99,488       93,798      Fully diluted . . . . . .                             25,962                     27,299
Accretion of                                                            Interest expense . .                 18,205       19,857       22,203      Year-end . . . . . . . .                              26,063                     26,516
   preferred stock                .......      .......       470,796    Interest income . . .                   333           28          117
Net income (loss)                                                       Other income
   attributable to                                                         (expense) . . . . .              dr2,679      dr5,718      dr6,019    SEACHANGE INTERNATIONAL INC.
   common                                                               Income (loss) before                                                        Earnings, 3 mos. to Apr. 30 (Consol.                                       $000):
   stockholders . . .           d26,458,000 d10,598,018 d8,552,622         provision for                                                                                          2009                                               2008
Common shares                                                              income taxes . . .                57,133       73,941       65,693    Net Sales . . . . . . . . . .   48,876                                             45,384
Weighted average                                                        Provision for income                                                     Cost & expenses . . . .         47,093                                             44,806
   shares                                                                  taxes . . . . . . . . .           22,592       28,129       26,468    Deprec., depl. &
   outstanding-basic           15,297,000 13,791,680 6,022,792          Earnings from                                                              amort. . . . . . . . . . .                                  479                      396
Weighted average                                                           continuing                                                            Operating income . . . .                                    1,304                      182
   shares                                                                  operations . . . . .              34,541       45,812       39,225    Other income
   outstanding-diluted 15,297,000 13,791,680 6,022,792                  Earnings (loss) from                                                       (expense), net . . . . .                                    135                     869
Year end shares                                                            discontinued                                                          Equity earnings . . . . .                                   dr197                   dr283
   outstanding . . . .         16,104,454 14,452,999 13,315,580            School Specialty                                                      Income taxes . . . . . . .                                    244                     425
Net earnings (loss)                                                        Media business                                                        Net income . . . . . . .                                      998                     343
   per share-basic                  d$1.73       d$0.77       d$1.42       unit, net of income                                                   Earn com sh:
Net earnings (loss)                                                        taxes . . . . . . . . .        .......        dr4,691    dr21,179       Primary . . . . . . . . .                                 $0.03                   $0.01
   per share-diluted                d$1.73       d$0.77       d$1.42    Net income (loss)                    34,541       41,121       18,046      Fully Diluted . . . . .                                   $0.03                   $0.01
Total number of                                                         Common shares(000)                                                       Common Shares (000):
   employees . . . . .                  493          366          255   Weighted average                                                           Fully diluted . . . . . .                  31,220                                 30,817
Number of common                                                           shares outstanding                                                      Year-end . . . . . . . .                   30,698                                 30,545
   stockholders . . .                 7 106        6 194        8 300      - basic . . . . . . . .           18,802       20,196       21,873
                                                                        Weighted average                                                           Consolidated Balance                  Sheet Items,                         as   of Apr.
Total number of                                                            shares outstanding                                                    30 ($000):
   stockholders . . .                 7 106        6 194        8 300
                                                                           - diluted . . . . . .             18,895       20,708       22,545
    1 Reclassified to conform with 2008 presentation                    Year end shares                                                            Assets:                                                                           2009
 2 Amounts include stock-based compensation expense -                      outstanding . . . .               18,823       18,709       21,184    Cash & equivalents . . . .          .   .   .   .   .   .   .   .   .   .          66,860
Cost of revenues 2008 $800,353; 2007 $437,177                           Earnings (loss) per                                                      Inventories . . . . . . . . . . .   .   .   .   .   .   .   .   .   .   .          17,730
 3 Amounts include stock-based compensation expense -                      share - continuing                                                    Current assets . . . . . . . . .    .   .   .   .   .   .   .   .   .   .         147,360
Research & development 2008 $458,680; 2007 $504,609                        operations - basic                 $1.84        $2.27        $1.79    Net property & equip. . . .         .   .   .   .   .   .   .   .   .   .          37,266
 4 Amounts include stock-based compensation expense -                   Earnings (loss) per                                                      Total assets . . . . . . . . . .    .   .   .   .   .   .   .   .   .   .         244,323
Sales & marketing: 2008 $1,777,764; 2007 $986,090                          share - total                                                           Liabilities:
 5 Amounts include stock-based compensation expense -                      discontinued                                                          Current liabilities . . . . . .     ..........                                     58,275
General & administrative 2008 $2,092,440; 2007                             operations - basic             .......          d$.23        d$.96    Stockholders’ equity . . . .        ..........                                    173,069
$2,437,435 6 As of June 8, 2008 7 As of June 22, 2009                   Net earnings (loss)
 8 As of June 21, 2007                                                     per common share                                                      SHOE CARNIVAL, INC.




                                                                                                                                                                                                                                              OTC
   Consolidated Balance Sheet, as of Mar. 31($):                           - basic . . . . . . . .            $1.84        $2.04        $0.83       Earnings, 3 mos. to May 2 (Consol.                 $000):
                                                                        Earnings per share -
   Assets:                                     2009           1 2008       continuing                                                                                                      05/02/09        05/03/08
Cash & cash                                                                operations -                                                          Net Sales . . . . . . . . . .              167,269         162,119
   equivalents . . . . . . .            21,085,000        37,727,000       diluted . . . . . . .              $1.83        $2.21        $1.74    Cost & expenses . . . .                    160,685         154,362
Accounts receivable,                                                    Earnings per share -                                                     Operating income . . . .                       6,584          7,757
   net . . . . . . . . . . . . .          6,040,000        4,734,000       total discontinued                                                    Interest income . . . . .                       3.00             37
Prepaid expenses &                                                         operations -                                                          Interest expense . . . . .                         42            33
   other current assets                   1,558,000        1,922,000       diluted . . . . . . .          .......          d$.22        d$.94    Income taxes . . . . . . .                     2,413          2,977
Total current assets                                                    Net earnings (loss)                                                      Net income . . . . . . .                       4,132          4,784
   before funds held for                                                   per common share                                                      Earn com sh:
   clients . . . . . . . . . .          28,683,000        44,383,000       - diluted . . . . . .              $1.83        $1.99        $0.80       Primary . . . . . . . . .                   $0.33          $0.39
Funds held for clients                  12,964,000          .......     Number of full time                                                         Fully Diluted . . . . .                     $0.33          $0.38
Total current assets . . .              41,647,000        44,383,000       employees . . . . .          1 2 5 2,253   1 2 4 2,500  1 2 3 2,650   Common Shares (000):
Property equipment &                                                    Total number of                                                             Fully diluted . . . . . .                 12,520          12,447
   software, net . . . . . .              3,025,000        1,566,000       employees . . . . .          1 2 5 2,253   1 2 4 2,500  1 2 3 2,650      Year-end . . . . . . . .                  12,918          12,616
Amortizable intangible                                                  Number of common                                                            Consolidated Balance Sheet Items, as of ($000):
   assets, net . . . . . . . .          16,112,000         9,082,000       stockholders . . .             1 5 1,832    1 4 1,950   1 2 3 1,970
Other intangible assets                   1,504,000          460,000        1 As is 2 Approximately 3 As of June 1, 2007 4 As of                    Assets:                                                05/02/09
Goodwill . . . . . . . . . .            14,734,000         9,549,000    June 12, 2008 5 As of June 12, 2009                                      Cash & equivalents . . . . . . . . . . . . . .               20,231
Restricted cash . . . . . .               1,125,000          739,000                                                                             Inventories . . . . . . . . . . . . . . . . . . . . .      188,234
Other assets . . . . . . . .                554,000          430,000       Consolidated Balance Sheet, as of ($000):                             Current assets . . . . . . . . . . . . . . . . . . .       219,222
Total assets . . . . . . . .            78,701,000        66,209,000       Assets:                                04/25/09        1 04/26/08     Net property & equip. . . . . . . . . . . . . .              69,445
   Liabilities:                                                         Cash & cash                                                              Total assets . . . . . . . . . . . . . . . . . . . .       289,302
Accounts payable . . . .                  1,379,000        1,961,000       equivalents . . . . . . .                  1,871             4,034       Liabilities:
Accrued compensation                        963,000        2,720,000    Accounts receivable,                                                     Current liabilities . . . . . . . . . . . . . . . .          64,295
Accrued expenses &                                                         net . . . . . . . . . . . . .            103,683            77,591    Stockholders’ equity . . . . . . . . . . . . . .           208,515
   other current liabili-                                               Inventories, net . . . . .                  127,108          149,548
   ties . . . . . . . . . . . . .         3,300,000        3,146,000    Deferred catalog costs                       15,537            14,845    SHUFFLE MASTER, INC.
Revolving credit facili-                                                Prepaid expenses &                                                          Earnings, 6 mos. to Apr. 30 (Consol.                                       $000):
   ty . . . . . . . . . . . . . .         8,125,000         .......        other current assets                      17,347            18,857
Deferred revenue, cur-                                                  Refundable income tax-                                                                                     2009                                               2008
   rent portion . . . . . .             26,556,000        20,523,000       es . . . . . . . . . . . . . .             1,566             9,288    Total revenues . . . . . .      79,793                                             86,900
Total current liabilities                                               Deferred taxes . . . . . .                    9,805            15,726    Cost & expenses . . . .         75,476                                             80,035
   before client funds                                                  Total current assets . . .                  276,917          289,889     Operating income . . . .         4,317                                              6,865
   obligations . . . . . . .            40,323,000        28,350,000    Property, plant and                                                      Interest income . . . . .          545                                                941
Client funds obliga-                                                       equipment, net . . . .                    70,183            77,311    Interest expense . . . . .       3,256                                              4,644
   tions . . . . . . . . . . . .        12,964,000          .......     Goodwill . . . . . . . . . .                532,318          543,630     Other income
Total current liabilities               53,287,000        28,350,000    Intangible assets, net                      168,082          176,771        (expense), net . . . . .                            2,429                      dr1,287
Deferred revenue, net                                                   Development costs &                                                      Income taxes . . . . . . .                               431                          629
   of current portion . .                 1,729,000        1,510,000       other assets, net . . .                   27,551            29,726    Income discont. oper.                               .......                        dr1.00
Other long-term liabili-                                                Total assets . . . . . . . .             1,075,051         1,117,327     Net income . . . . . . .                               3,604                        1,245
   ties . . . . . . . . . . . . .         1,742,000          181,000       Liabilities:                                                          Earn com sh:
Total liabilities . . . . . .           56,758,000        30,041,000    Current maturities -                                                        Primary . . . . . . . . .                                $0.07                   $0.04
                                                                           long-term debt . . . .                   133,682          133,628        Fully Diluted . . . . .                                  $0.07                   $0.04
Common stock . . . . . .                      2,000            1,000                                                                             Common Shares (000):
Additional paid-in capi-                                                Accounts payable . . . .                     56,786            64,340
                                                                        Accrued compensation                         12,821            19,476       Fully diluted . . . . . .                            53,186                     34,824
   tal . . . . . . . . . . . . .        89,372,000        76,166,000    Deferred revenue . . . .                      4,254             6,641       Year-end . . . . . . . .                             53,640                     35,256
Retained earnings (ac-                                                  Other accrued liabili-
   cumulated deficit) . .            dr66,452,000       dr39,994,000       ties . . . . . . . . . . . . .            28,231            30,593
Accumulated other                                                       Total current liabilities                   235,774          254,678     SMITH & WESSON HOLDING CO
   comprehensive in-                                                    Long-term debt - less                                                       Annual Report:
   come (loss) . . . . . . .              dr979,000          dr5,000       current maturities . .                   266,229          312,210        Consolidated Income Account, years ended Apr.
Total stockholders’ eq-                                                 Deferred taxes . . . . . .                   75,255            70,671    30 ($):
   uity (deficit) . . . . . .           21,943,000        36,168,000    Other liabilities . . . . .                     913             1,080
    1 Reclassified to conform with 2009 presentation                    Total liabilities . . . . . .               578,171          638,639                                    2009      1 2008      1 2007

                                                                        Common stock . . . . . .                          24               24    Net product &
                                                                        Capital paid-in excess                                                      services sales . . .  334,955,000 295,910,000 236,552,000
SCHNITZER STEEL INDUSTRIES, INC.                                           of par value . . . . . .                 393,328          380,073     Cost of products &
  Earnings, 9 mos. to May 31 (Consol.                 $000):            Treasury stock, at cost                     186,637          171,387        services sold . . .   237,167,000 203,535,000 160,214,000
                               2009                           2008      Accumulated other                                                        Gross profit . . . . .  97,788,000 92,375,000 76,338,000
Total revenues . . . . . .1,343,997                      2,327,511         comprehensive in-                                                     Research &
                                                                           come (loss) . . . . . . .                 10,804            25,158       development
Cost & expenses . . . .   1,417,830                      2,125,055                                                                                  expenses . . . . . .   2,906,000 1,946,000 1,248,000
Operating income . . . .   dr73,833                        202,456      Retained earnings (ac-
                                                                           cumulated deficit) . .                   279,361          244,820     Selling & marketing
Interest expense . . . . .     2,823                         6,703                                                                                  expenses . . . . . . 28,378,000 27,857,000 22,362,000
Other income                                                            Total shareholders’ eq-
                                                                           uity (deficit) . . . . . .               496,880          478,688     General &
   (expense), net . . . . .              6,785               1,589                                                                                  administrative
Minority interest . . . .                  347               2,315          1 Reclassified to conform with 2009 presentation
                                                                                                                                                    expenses . . . . . . 40,983,000 38,432,000 28,300,000
Income taxes . . . . . . .            cr27,724              72,726                                                                               Impairment of
Net income . . . . . . .              dr42,494             122,301                                                                                  long-lived assets    98,243,000    .......     .......
Earn com sh:                                                            SCHULMAN (A.), INC.
                                                                           Earnings, 9 mos. to May 31 (Consol.                 $000):            Total operating
   Primary . . . . . . . . .            d$1.51                $4.32                                                                                 expenses . . . . . .  170,510,000 68,235,000 51,910,000
   Fully Diluted . . . . .              d$1.51                $4.23                                     2009                          2008       Income (loss) from
Common Shares (000):                                                    Net Sales . . . . . . . . . . 958,792                    1,488,152          operations . . . . . dr72,722,000 24,140,000 24,428,000
   Fully diluted . . . . . .            28,173              28,894      Cost & expenses . . . .       957,652                    1,459,607       Other income
   Year-end . . . . . . . .             28,215              28,139      Operating income . . . .        1,140                       28,545          (expense), net . .    dr806,000 dr723,000 dr497,000
                                                                        Interest income . . . . .       1,961                        1,397       Interest income . . .       295,000     122,000    217,000
SCHOOL SPECIALTY, INC.                                                  Interest expense . . . . .      3,587                        5,930       Interest expense . .      5,892,000 8,743,000 3,569,000
  Annual Report:                                                        Other income                                                             Total other income
                                                                           (expense), net . . . . .     2,090                         dr873         (expense), net . .   dr6,403,000 dr9,344,000 dr3,849,000
  Consolidated   Income            Account,       years      ended      Gains or losses . . . . . .     2,609                         2,313      Income (loss) before
($000):                                                                 Foreign currency . . . .        6,218                       dr1,580         income taxes . . .   dr79,125,000 14,796,000 20,579,000
July 21, 2009                                                                        MERGENT OTC INDUSTRIAL                                                                                                   Page 673

Income tax expense                                                       Earn com sh:                                                              Liabilities:
  (benefit) . . . . . .         cr14,918,000 5,675,000 7,618,000           Primary . . . . . . . . .               $0.35               $0.30     Current liabilities . . . . . . . . . . . . . . . .            141,052
Net income (loss)               dr64,207,000 9,121,000 12,961,000          Fully Diluted . . . . .                 $0.35               $0.29     Stockholders’ equity . . . . . . . . . . . . . .               203,233
Common shares                                                            Common Shares (000):
Weighted average                                                           Fully diluted . . . . . .              12,636             13,500      STEWART ENTERPRISES, INC.
  shares                                                                   Year-end . . . . . . . .               12,573             13,129         Earnings, 6 mos. to Apr. 30 (Consol.                     $000):
  outstanding-basic            46,802,000 40,279,000 39,655,000
Weighted average                                                                                                                                                                  2009                            2008
  shares                                                                 SPORT CHALET, INC.                                                      Total revenues . . . . . .    245,948                          267,092
  outstanding-diluted 46,802,000 41,939,000 41,401,000                      Annual Report:                                                       Cost & expenses . . . .       212,112                          219,962
Year end shares                                                             Consolidated Income Account, years ended ($):                        Operating income . . . .        33,836                          47,130
  outstanding . . . .          47,767,938 40,632,039 39,783,196                                                                                  Interest expense . . . . .      11,789                          11,981
Net income (loss) per                                                                                      03/29/09     03/30/08 1 04/01/07      Other income
  share-basic . . . .               d$1.37         $0.23         $0.33   Net sales . . . . . . . .      372,652,000 402,534,000 388,209,000         (expense), net . . . . .      8,744                           1,077
Net income (loss) per                                                    Cost of goods sold,                                                     Income taxes . . . . . . .      11,873                          13,401
  share-diluted . . .               d$1.37         $0.22         $0.31      buying &                                                             Net income . . . . . . .        18,918                          22,825
Number of full time                                                         occupancy costs             284,257,000 285,982,000 268,188,000      Earn com sh:
  employees . . . . .              3 1,362       2 1,453      4 1,457    Gross profit . . . . .        88,395,000 116,552,000 120,021,000           Primary . . . . . . . . .     $0.21                           $0.24
Number of common                                                         Selling, general &                                                         Fully Diluted . . . . .       $0.21                           $0.24
  stockholders . . .               5 7 667       5 6 626      5 8 572       administrative                                                       Common Shares (000):
    1 Reclassified to conform with 2009 presentation 2 As                   expenses . . . . . .        107,651,000 105,697,000 96,357,000          Fully diluted . . . . . .    91,871                          95,838
of May 31, 2008 3 As of May 31, 2009 4 As of June 30,                    Depreciation &                                                             Year-end . . . . . . . .     92,677                          93,818
2007 5 Approximately 6 As of June 27, 2008 7 As of                          amortization . . .         14,243,000 12,898,000 11,419,000
June 29, 2009 8 As of July 13, 2007                                      Impairment charge             10,730,000 2,077,000          .......     SUPPORT.COM, INC. (NEW)
                                                                         Income (loss) from                                                         Interest Sale Completed: On June 23, 2009, Co. sold
  Consolidated Balance Sheet, as of Apr. 30($):                             operations . . . . .        dr44,229,000 dr4,120,000 12,245,000      substantially all of the assets and assumption of certain
   Assets:                                     2009            1 2008    Interest expense . .            2,195,000 1,466,000          516,000    liabilities of Co.’s Enterprise Business to Consona
Cash & cash                                                              Income (loss) before                                                    Corporation for approx. $20,000,000, in cash.
   equivalents . . . . . . .            39,822,000         4,359,000        taxes . . . . . . . . .     dr46,424,000 dr5,586,000 11,729,000
Accounts receivable,                                                     Income tax provision
   net . . . . . . . . . . . . .        48,232,000        54,163,000        (benefit) . . . . . .        5,823,000 cr2,224,000 4,630,000         SUPPORTSOFT            INC.
Inventories . . . . . . . . .           41,729,000        47,160,000     Net income (loss)              dr52,247,000 dr3,362,000 7,099,000         New Name:On June 24, 2009, Co. changed its name to
Other current assets . .                  3,093,000        4,725,000     Common shares                                                           support.com, Inc. from SupportSoft Inc.
Deferred income taxes                   12,505,000         9,947,000     Weighted average
Income tax receivable                      .......         1,818,000        shares outstanding                                                   SUPPORT.COM, INC. (NEW)
Total current assets . . .             145,381,000       122,172,000        - basic . . . . . . . .    14,123,000 14,075,000 13,850,220             New Name: On June 24, 2009, Co. changed its name
Property, plant &                                                        Weighted average                                                        from SupportSoft Inc. to support.com, Inc.
   equipment, net . . . .               51,135,000        50,643,000        shares outstanding
Intangibles, net . . . . . .              5,940,000       65,501,000        - diluted . . . . . .      14,123,000 14,075,000 14,459,547
Goodwill . . . . . . . . . .               .......        41,173,000     Year end shares                                                         SYMS CORP.
Deferred income taxes                     1,143,000         .......         outstanding . . . .        14,123,311 14,123,311 13,994,143            Earnings, 3 mos. to May 30 (                     $000):
Other assets . . . . . . . .              6,632,000       10,262,000     Net earnings (loss)                                                                                               05/30/09            05/31/08
Total assets . . . . . . . .           210,231,000       289,751,000        per share - basic                d$3.70       d$0.24         $0.51   Net Sales . . . . . . . . . .                50,256             64,588
   Liabilities:                                                          Net earnings (loss)                                                     Cost & expenses . . . .                      50,215             60,651
Accounts payable . . . .                21,009,000        21,996,000        per share - diluted              d$3.70       d$0.24         $0.49   Deprec., depl. &
                                                                         Total number of




                                                                                                                                                                                                                          OTC
Accrued expenses . . . .                17,606,000        17,246,000                                                                               amort. . . . . . . . . . .                   1,932             1,912
Accrued payroll . . . . .                 7,462,000        5,046,000        employees . . . . .             2 3,200      2 4,300       2 3,600
                                                                                                                                                 Operating income . . . .                   dr1,891               2,025
Accrued income taxes                      2,790,000         .......      Number of class A                                                       Income taxes . . . . . . .                      cr83             1,441
Accrued taxes other                                                         common                                                               Net income . . . . . . .                   dr2,035                 626
   than income . . . . . .                2,208,000        1,747,000        stockholders . . .                4 138        3 138         5 145   Earn com sh:
Accrued profit sharing                    6,208,000        4,035,000     Number of class B                                                         Primary . . . . . . . . .                  d$0.14              $0.04
Accrued product liabili-                                                    common                                                                 Fully Diluted . . . . .                    d$0.14              $0.04
   ty . . . . . . . . . . . . . .         3,418,000        2,767,000        stockholders . . .                4 145        3 145         5 150   Common Shares (000):
Accrued warranty . . . .                  4,287,000        1,692,000     Number of class A                                                         Fully diluted . . . . . .                  14,590             14,653
Current portion of notes                                                    beneficiary                                                            Year-end . . . . . . . .                   14,590             14,588
   payable . . . . . . . . .              2,378,000        8,920,000        stockholders . . .            2 4 1,017    .......       .......       Balance Sheet Items, as of ($000):
Total current liabilities               67,366,000        63,449,000     Number of class B
Deferred income taxes                      .......        20,216,000        beneficiary                                                            Assets:                                                     05/30/09
Notes payable, net of                                                       stockholders . . .              2 4 780    .......       .......     Cash & equivalents . . . . . . . . . . . . . .                  20,686
   current portion . . . .              83,606,000       118,774,000     Number of                                                               Inventories . . . . . . . . . . . . . . . . . . . . .           49,248
Other non-current lia-                                                      beneficiary                                                          Current assets . . . . . . . . . . . . . . . . . . .            86,030
   bilities . . . . . . . . . .           8,633,000        9,461,000        stockholders . . .            .......      2 3 1,400     2 5 1,400   Net property & equip. . . . . . . . . . . . . .                105,103
Common stock . . . . . .                     49,000           42,000         1 Reclassified to conform with 2008 presentation                    Total assets . . . . . . . . . . . . . . . . . . . .           213,666
Additional paid-in capi-                                                  2 Approximately 3 As of June 6, 2008 4 As of June 5,                     Liabilities:
   tal . . . . . . . . . . . . .        91,103,000        54,128,000     2009 5 As of June 8, 2007                                               Current liabilities . . . . . . . . . . . . . . . .             28,900
Retained earnings (ac-                                                                                                                           Stockholders’ equity . . . . . . . . . . . . . .               184,008
   cumulated deficit) . .            dr34,203,000         30,004,000        Consolidated Balance Sheet, as of ($):
Accumulated other                                                           Assets:                                03/29/09        1 03/30/08    SYMS CORP.
   comprehensive in-                                                     Cash & cash                                                                Acquisition    Completed: On June 18, 2009, Co.
   come . . . . . . . . . . .                73,000           73,000        equivalents . . . . . . .               290,000         3,894,000    acquired real property leases relating to twenty-three
Treasury stock, at cost                   6,396,000        6,396,000     Accounts receivable,                                                    Filene’s Basement, Inc. (‘Filine’s‘) store locations, from
Total stockholders’ eq-                                                     net . . . . . . . . . . . . .         1,434,000         1,359,000    Filine’s, and FB Leasing Services LLC, for $39,342,120.
   uity . . . . . . . . . . . .         50,626,000        77,851,000     Merchandise invento-
    1 Reclassified to conform with 2009 presentation                        ries . . . . . . . . . . . .         88,431,000       86,145,000
                                                                         Prepaid expenses &                                                      TANDY BRANDS ACCESSORIES, INC.
                                                                            other current assets                  2,178,000         6,170,000       Acquisition    Completed: On July 13, 2009, Co.
SOMANETICS          CORP.                                                Income tax receivable                    1,004,000         1,405,000    purchased manufacturing equipment, inventory, and all of
   Earnings, 6 mos. to May 31 (Consol.                 $):                                                                                       intellectual property and customer relationships, from
                                                                         Deferred income taxes                     .......          3,349,000    Chambers Belt Co., a subsidiary of Phoenix Footwear
                                   2009                       2008       Total current assets . . .              93,337,000      102,322,000     Group, Inc., and Co. paid $2,600,000 for inventory, and
Total revenues . . . . . .   22,986,914                 21,433,338       Fixed assets, net . . . . .             57,718,000       66,619,000     $500,000 for equipment.
Cost & expenses . . . .      18,591,886                 16,526,402       Deferred income taxes                     .......          2,374,000
Operating income . . . .      4,395,028                  4,906,936       Total assets . . . . . . . .          151,055,000       171,315,000
Interest income . . . . .       600,221                  1,635,102          Liabilities:                                                         TELESTONE TECHNOLOGIES CORP.
Income taxes . . . . . . .    1,915,505                  2,461,356       Accounts payable . . . .                31,083,000       28,035,000       New    Accountant: On July 8, 2009, Mazars CPA
Net income . . . . . . .      3,079,744                  4,080,682       Loan payable to bank                    39,140,000       17,216,000     Limited resigned as Co.’s independent registered public
Earn com sh:                                                             Salaries & wages paya-                                                  accounting firm. On July 9, 2009, QC CPA Group, LLC
   Primary . . . . . . . . .      $0.26                        $0.31        ble . . . . . . . . . . . . .         4,150,000         4,620,000    was engaged as Co.’s new independent registered public
   Fully Diluted . . . . .        $0.24                        $0.28     Other accrued ex-                                                       accounting firm.
Common Shares:                                                              penses . . . . . . . . . .           19,379,000       13,254,000
   Fully diluted . . . . . . 12,923,141                 14,380,547       Total current liabilities             2 93,643,000       63,125,000     TERRESTAR CORP
   Year-end . . . . . . . .  12,088,962                 12,436,424       Deferred rent . . . . . . .             25,217,000       24,221,000       New Accountant: On July 13, 2009, Co. appointed
                                                                         Class A common stock                       124,000           124,000    Ernst & Young, as its new independent registered public
SONIC CORP.                                                              Class B common stock                        18,000            18,000    accounting firm, and dismissed its former independent
   Earnings, 9 mos. to May 31 (Consol.                 $):               Additional paid-in capi-                                                registered public accounting firm, Friedman LLP.
                                                                            tal . . . . . . . . . . . . .        34,458,000       34,094,000
                                    2009                    2008         Retained earnings (ac-
Total revenues . . . . . .    544,966,000             577,800,000           cumulated deficit) . .              dr2,514,000       49,733,000
                                                                                                                                                 TIGERLOGIC CORP
Cost & expenses . . . .       429,011,000             439,454,000                                                                                   Annual Report:
                                                                         Total stockholders’ eq-
Deprec., depl. &                                                            uity . . . . . . . . . . . .         32,086,000       83,969,000        Consolidated Income Account, years ended Mar.
   amort. . . . . . . . . . .  37,002,000              37,944,000            1 Reclassified to conform with 2009 presentation 2 As               31 ($):
Operating income . . . .       78,953,000             100,402,000        reported by Company
Interest income . . . . .       1,084,000               1,674,000                                                                                                                2009      2008        2007
Interest expense . . . . .     33,439,000              37,836,000                                                                                Net revenues -
Other income                                                             STEIN MART, INC.                                                           licenses . . . . . . .  5,336,000 7,974,000 6,859,000
   (expense), net . . . . .     6,382,000                 .......                                                                                Net revenues -
                                                                            Earnings, 3 mos. to May 2 (Consol.               $000):                 services . . . . . .   10,916,000 11,798,000 11,885,000
Income taxes . . . . . . .     20,426,000               24,165,000                                                                               Total net revenues        16,252,000 19,772,000 18,744,000
Net income . . . . . . .       32,554,000               40,075,000                                    05/02/09                   05/03/08
Earn com sh:                                                             Net Sales . . . . . . . . . . 319,570                    352,123        Cost of license
   Primary . . . . . . . . .        $0.54                      $0.66     Cost & expenses . . . .       297,599                    339,986           revenues . . . . . .       29,000     28,000     99,000
   Fully Diluted . . . . .          $0.53                      $0.64     Operating income . . . .       21,971                      12,137       Cost of service
Common Shares:                                                           Income taxes . . . . . . .      5,606                       4,772          revenues . . . . . .    1,652,000 1,824,000 2,117,000
   Fully diluted . . . . . .   61,191,000               62,491,000       Net income . . . . . . .       16,086                       6,998       Selling & marketing
                                                                         Earn com sh:                                                               expenses . . . . . .    5,425,000 5,772,000 5,466,000
   Year-end . . . . . . . .    61,043,000               60,329,000                                                                               Research &
                                                                           Primary . . . . . . . . .               $0.38               $0.17        development
                                                                           Fully Diluted . . . . .                 $0.38               $0.17        expenses . . . . . .    7,561,000 7,820,000 9,295,000
SPECTRUM CONTROL INC.                                                    Common Shares (000):
   Earnings, 6 mos. to May 31 (Consol.                 $000):                                                                                    General &
                                                                           Fully diluted . . . . . .              42,892         42,034             administrative
                                2009                          2008         Year-end . . . . . . . .               42,656         42,079             expenses . . . . . .    5,097,000 4,851,000 3,866,000
Net Sales . . . . . . . . . .  66,740                        63,728        Consolidated Balance            Sheet Items, as of ($000):            Total operating
Cost & expenses . . . .        59,865                        57,679                                                                                 expense . . . . . .    19,764,000 20,295,000 20,843,000
Operating income . . . .        6,875                         6,049        Assets:                                             05/02/09          Operating income
Interest expense . . . . .        163                           139      Cash & equivalents . . .          ...........           19,409             (loss) . . . . . . . . dr3,512,000 dr523,000 dr2,099,000
Other income                                                             Inventories . . . . . . . . . .   ...........          209,573          Interest income
   (expense), net . . . . .        38                            256     Current assets . . . . . . . .    ...........          267,655             (expense) - net . .       147,000 dr205,000 dr837,000
Income taxes . . . . . . .      2,376                          2,201     Net property & equip. . .         ...........           83,042          Other income
Net income . . . . . . .        4,374                          3,965     Total assets . . . . . . . . .    ...........          367,922             (expense) - net . .    dr1,796,000   350,000     72,000
Page 674                                                                          MERGENT OTC INDUSTRIAL                                                                                                                  July 21, 2009

Total other income                                                     the consolidated company’s business was that of the                     Retain earnings (accum
  (expense) . . . . .        dr1,649,000     145,000 dr765,000         Pennsylvania subsidiary.                                                   deficit) . . . . . . . . . .     (6,267,598)      (4,418,843)
Income (loss) before                                                      On Aug. 7, 2007, Co.’s subsidiary, Valley Forge                         Tot stkhlders eq . . .               494,721          266,507
  income taxes . . .         dr5,161,000 dr378,000 dr2,864,000         Composite         Technologies,          Inc.,     a   Pennsylvania
Income tax provision                                                   corporation, was re-domiciled as a Florida corporation and                  1 Reclassified to conform with 2008 presentation 2 As
  (benefit) . . . . . .        cr21,000     cr47,000       94,000      changed its name to Valley Forge Detection Systems, Inc.                reported by the Company 3 Amortization - Capitalized
Net income (loss)            dr5,140,000 dr331,000 dr2,958,000         (‘‘VFDS‘‘). Simultaneously, the business segments of the                R&D costs: 2008 $24,409 4 Amortization - Loan fees:
Common shares                                                          former Pennsylvania company were split into new Florida                 2008 $26,614 5 Debt discount - Long-term debt: 2008
Weighted average                                                       corporations, with VFDS’ aerospace segment assigned to                  $1,011,553
  shares outstanding                                                   Valley Forge Aerospace, Inc.; VFDS’ personnel screening                    Auditor’s Report: The following is an excerpt from the
  - basic . . . . . . . .   26,600,000 23,647,000 20,986,000           technologies assigned to Valley Forge Imaging, Inc. and                 Report of the Independent Auditors, Hawkins Accounting,
Weighted average                                                       VFDS’ development and commercialization of potential                    as it appeared in Co.’s 2008 10-K:
  shares outstanding                                                   new product lines assigned to Valley Forge Emerging                        ‘‘In our opinion, the financial statements referred to
  - diluted . . . . . .     26,600,000 23,647,000 20,986,000           Technologies, Inc. Co. is the 100% shareholder of its four              above present fairly, in all material respects, the financial
Year end shares                                                        subsidiaries.                                                           position of, Valley Forge Composite Technologies Inc as
  outstanding . . . .       26,730,230 26,252,319 21,184,402              Business          Summary: Valley Forge Composite                    of December 31, 2008, the results of operations and its
Net income (loss) per                                                  Technologies is engaged in the development and                          cash flows for the years ended December 31, 2008 in
  share - basic . . .            d$0.19       d$0.01       d$0.14      commercialization of counter-terrorism products. Such                   conformity with generally accepted accounting principles
Net income (loss) per                                                  products include detection capability for illicit narcotics,            in the United States of America.
  share - diluted . .            d$0.19       d$0.01       d$0.14      explosives, and bio-chemical weapons hidden in cargo                       The accompanying financial statements have been pre-
Number of full-time                                                    containers, the THOR LVX photonuclear detection                         pared assuming the Company will continue as a going
  employees . . . . .                 80          102          104     system. Co. also has a distributor agreement to sell a                  concern. As discussed in Note 2 to the financial state-
Number of part-time                                                    passenger weapons scanning device, the ODIN-ULDRIS                      ments, the Company has incurred net losses since incep-
  employees . . . . .                 22         5.00         7.00     (Ultra Low Dose Radiographic Imaging System)                            tion, which raise substantial doubt about its ability to con-
Total number of                                                        (‘‘ODIN‘‘), and has contributed to the commercial                       tinue as a going concern. The financial statements do not
  employees . . . . .               102           107          111     development and testing of ODIN. Co. is also actively                   include any adjustment that might result from the outcome
Number of common                                                       engaged in the electronic components business. Co.                      of this uncertainty.‘‘
  stockholders . . .              1 135         1 135        1 141     manufactures prototype mechanical and electronic devices                   Long Term Debt: Dec. 31, 2008, $1,150,000 (exclud-
    1 Approximately                                                    to customer specifications.                                             ing current portion and unamortized discount of
  Consolidated Balance Sheet, as of Mar. 31($):                           Property: Co. leases its principal executive offices in              $1,011,553) comprised of:
                                                                       Covington, KY, consisting of 2,985 sq. ft. of office space.                (1) $500,000 8% notes payable with MKM, interest
   Assets:                                 2009              2008      Co. also leases 2,700 sq. ft. of rentable warehouse space in            payable on a quarterly basis, due July 7, 2011.
Cash & cash                                                            Erlanger, KY.                                                              (2) $650,000 8% notes payable with MKM, interest
   equivalents . . . . . . .         12,282,000        14,065,000                                   Subsidiaries                               payable on a quarterly basis, due Sept. 29, 2011.
Trade accounts receiv-                                                 Valley Forge Detection Systems, Inc.                                       Capital: 1. Valley Forge Composite Technolo-
   ables, net . . . . . . . .            881,000        1,845,000      Valley Forge Aerospace, Inc.                                            gies Inc common; par $0.001.
Other current assets . .                 389,000          439,000      Valley Forge Imaging, Inc.                                              AUTH        100,000,000 shs.
Total current assets . . .           13,552,000        16,349,000      Valley Forge Emerging Technologies, Inc.                                OUTSTG          Dec. 31, 2008 51,415,349 shs; par $0.001.
Property, furniture &                                                                                                                          WARRANTS              6,615,646 shs.
   equipment - net . . .                 849,000        1,053,000                                       Officers
                                                                       Louis J. Brothers, Chairman; President; Chief Executive                 OWNERSHIP              As of Dec. 31, 2008, Louis J. Brothers
Goodwill . . . . . . . . . .         26,388,000        26,388,000                                                                              & Roe Brothers, Ten Ent and Larry K. Wilhide & Pat
Deferred tax assets . . .                383,000          460,000         Officer; Treasurer; Secretary
                                                                       Larry K. Wilhide, Vice President - Engineering                          Wilhide, Ten Ent beneficially owned 32.5% and 32.5%,
Other assets . . . . . . . .             161,000          142,000                                                                              respectively, of Co.’s outstanding common stock.
Total assets . . . . . . . .         41,333,000        44,392,000                                      Directors                               TRANSFER AGENT                  Florida Atlantic Stock Transfer,
   Liabilities:                                                        Louis J. Brothers                       Larry K. Wilhide                Inc., Tamarac, FL
Accounts payable . . . .                 161,000          424,000      Andrew T. Gilinsky                      Richard S. Relac                LISTED        Over-the-Counter : VLYF




                                                                                                                                                                                                                                           OTC
Accrued liabilities . . .             2,090,000         2,659,000      Eugene Breyer                           Raul A. Fernandez               PRICE RANGE
Deferred revenue . . . .              4,531,000         5,257,000      Victor E. Alessi                                                                                          2009         2008        2007
Total current liabilities             6,782,000         8,340,000         Auditors: Hawkins Accounting                                         High . . . . . . . . .             0.50         5.40       13.50
Long-term debt-net of                                                     Shareholder          Relations: Louis J. Brothers, Chairman,         Low . . . . . . . . . .            0.08         0.12        2.00
   discount . . . . . . . . .          .......            977,000      President & Chief Executive Officer Tel.: 859-581-5111
Total liabilities . . . . . .         6,782,000         9,317,000
Common stock . . . . . .              2,673,000         2,625,000         No. of Stockholders: Mar. 16, 2009, 462                              VEECO INSTRUMENTS INC. (DE)
Addiditonal paid-in                                                       No. of Employees: Jun. 29, 2009, 5                                      Acquisition    Completed: On July 15, 2009, Veeco
   capital . . . . . . . . . .     129,684,000        126,610,000                                                                              Instruments, Inc. sold the non-core assets of its Halfmoon,
Accumulated other                                                         Address: 50 East River Center Blvd., Suite 820,                      NY operation to Co. Terms of the transaction were not
   comprehensive in-                                                   Covington, KY 41011 Tel.: 859 581-5111 Fax: 859                         disclosed.
   come . . . . . . . . . . .         2,861,000         1,367,000      581-5116 E-mail: investorrelations@VLYF.com Web:
Retained earnings (ac-                                                 www.VLYF.com
                                                                          Consolidated Income Account, years ended Dec.                        VERISIGN INC
   cumulated deficit) . .          dr100,667,000    dr95,527,000                                                                                  Interest Sale Completed: On July 7, 2009, Co. sold
Total stockholders’ eq-                                                31 (in $):                                                              its Managed Security Services business to SecureWorks,
   uity (deficit) . . . . . .        34,551,000        35,075,000                                          2008          1 2007         2006   Inc. Terms of the transaction were not disclosed.
                                                                                                                      (revised)
TITAN MACHINERY, INC.                                                  Sales . . . . . . . . . .        132,000      .......        417,592    WASTE SERVICES INC (DE)
   Earnings, 3 mos. to Apr. 30 (Consol.                  $):           Cost of sales . . . . .           72,068      .......        152,615       Acquisition    Completed: In Dec. 2008, Co. acquired
                                                                       Gross profit . . . . .            59,932      .......      .......      certain assets of Commercial Clean-up Enterprises, Inc.
                                               2009            2008    Gain (loss) on                                                          and We Haul of South Florida, Inc., for a total purchase
Total revenues . . . . . .          166,301,000         152,582,000       shipped invent . .           .......       (483,268)    .......      price of $6,100,000. Also, in Dec. 2008, Co. acquired RIP,
Cost & expenses . . . .             162,490,000         146,165,000    Sell & admin exps              1,560,984 1,230,244           694,503    Inc., for an aggregate purchase price of $7,700,000.
Operating income . . . .                3,811,000         6,417,000    Stock based
Interest expense . . . . .                 994,000        1,035,000       consulting . . . . .          142,450        284,900      142,450
Other income                                                           Research & devel                .......       .......        600,000    WIND RIVER SYSTEMS, INC.
   (expense), net . . . . .                211,000           311,000   Tot cost & exps . . .          1,703,434 1,998,412 1,589,568               Earnings, 3 mos. to Apr. 30 (Consol.                                      $000):
Income taxes . . . . . . .              1,238,000          2,306,000   Income (loss) fr
Net income . . . . . . .                1,790,000          3,387,000      opers . . . . . . . .     (1,643,502) (1,998,412) (1,171,976)                                         2009                                              2008
Earn com sh:                                                           Int exp . . . . . . . . .        208,567         23,894       13,418    Total revenues . . . . . .      82,470                                            87,865
   Primary . . . . . . . . .                   $0.10           $0.25   Invest inc . . . . . . .            3,314        11,186         5,636   Cost & expenses . . . .         81,278                                            90,135
   Fully Diluted . . . . .                     $0.10           $0.24   Tot other inc . . . . .         .......       .......         (7,782)   Deprec., depl. &
Common Shares:                                                         Net income (loss) (1,848,755) (2,011,120) (1,179,758)                      amort. . . . . . . . . . .                                882                     107
   Fully diluted . . . . . .          17,860,000          13,855,000   Common shares :                                                         Operating income . . . .                                     310                 dr2,377
   Year-end . . . . . . . .           17,688,000          13,449,880   Weigh avg shares                                                        Interest income . . . . .                                  1,245                   2,349
                                                                          outstg - basic . . .      49,362,903 46,482,853 45,212,098           Interest expense . . . . .                                    68                     112
  Consolidated Balance Sheet Items,                     as of Apr.     Weigh avg shares                                                        Other income
30 ($):                                                                   outstg - diluted          49,362,903 46,482,853 45,212,098              (expense), net . . . . .                            dr1,068                       326
   Assets:                                                     2009    Yr end shares outstg         51,415,349 46,955,833         .......      Income taxes . . . . . . .                               cr142                     cr276
Cash & equivalents . . . . . . . . . . . . . .           78,714,000    Net income (loss) per                                                   Net income . . . . . . .                                   561                       462
Inventories . . . . . . . . . . . . . . . . . . . . .   290,832,000       com sh - basic . .             $(0.04)        $(0.04)      $(0.03)   Earn com sh:
Current assets . . . . . . . . . . . . . . . . . . .    394,379,000    Net income (loss) per                                                      Primary . . . . . . . . .                               $0.01                   $0.01
Net property & equip. . . . . . . . . . . . . .          44,072,000       com sh - diluted               $(0.04)        $(0.04)      $(0.03)      Fully Diluted . . . . .                                 $0.01                   $0.01
Total assets . . . . . . . . . . . . . . . . . . . .    453,157,000    Tot no of employees                     4              5   .......      Common Shares (000):
   Liabilities:                                                        No of com stkhlders                    59             75   .......         Fully diluted . . . . . .                77,127                                 85,496
Current liabilities . . . . . . . . . . . . . . . .     249,980,000        1 Reclassified to conform with 2008 presentation
                                                                                                                                                  Year-end . . . . . . . .                 76,892                                 76,974
Long-term debt . . . . . . . . . . . . . . . . .         19,403,000                                                                               Consolidated Balance                Sheet Items,                         as   of Apr.
Stockholders’ equity . . . . . . . . . . . . . .        175,751,000       Consolidated Balance Sheet, as of Dec. 31 (in $):                    30 ($000):
                                                                                                                    2008             1 2007
                                                                                                                                                  Assets:                                                                         2009
TOLLGRADE          COMMUNICATIONS               INC.                      Assets:                                                 (revised)    Cash & equivalents . . . .         .   .   .   .   .   .   .   .   .   .          74,585
  Contracts: On June 29, 2009, Co. renewed a three                     Cash . . . . . . . . . . . . .            305,179             88,656    Current assets . . . . . . . . .   .   .   .   .   .   .   .   .   .   .         171,962
multi-year software services agreement with existing Tier              Accts receiv . . . . . . . .                9,492          .......      Net property & equip. . . .        .   .   .   .   .   .   .   .   .   .          77,761
1 telecom operators in the United States and Europe.                   Work in process . . . . .                .......            460,114     Total assets . . . . . . . . . .   .   .   .   .   .   .   .   .   .   .         466,588
Terms of the contract were not disclosed.                              Finished goods . . . . . .                225,000          .......         Liabilities:
                                                                       Invent . . . . . . . . . . . .            225,000           460,114     Current liabilities . . . . . .    ..........                                    145,226
                                                                       Ppd exps . . . . . . . . . .              203,002             42,659    Stockholders’ equity . . . .       ..........                                    294,037
TREE.COM INC                                                           Dep with vendors . . . .                   21,000           222,735
  Acquisition    Completed: On July 1, 2009, Co.
acquired certain assets of Pasadena, CA-based Done                        Tot curr assets . . . .                763,673           814,164     WONDER AUTO TECHNOLOGY INC
Right!(R). Terms of the transaction were not disclosed.                Office equip . . . . . . . .               52,675             50,551      Acquisition     Completed: On July 3, 2009, Co.’s
                                                                       Furn & fixtures . . . . .                  49,564             45,887    indirect subsidiary, Jinzhou Halla Electrical Equipment
                                                                       Prop & equipment,                                                       Co., Ltd., purchased 35% of equity interest in Yearcity
UNITED-GUARDIAN,              INC.                                        gross . . . . . . . . . . .          2 102,238             96,438    Ltd., through an Equity Transfer Agreement with Magic
  New Accountant: On July 10, 2009, Co. dismissed                      Less accum deprec . . .                    50,616             36,691    Era Group Ltd., for RMB 48,000,000 (approximately
Eisner LLP, its independent accountant, and retained                   Prop & equipment, net                      51,623             59,747    $7,060,000).
Holtz Rubenstein Reminick LLP, as its new independent                  Security dep . . . . . . . .                5,535              5,535
accountant.                                                            Cap R&D costs, net . .                  3 219,681          .......
                                                                       Loan fees, net . . . . . . .            4 208,071          .......      ZILOG, INC.
                                                                       Tot other assets . . . . .                433,287              5,535      Annual Report:
VALLEY FORGE COMPOSITE TECHNOLOGIES INC
  History & Business:                                                     Tot assets . . . . . . . .          1,248,583            879,446       Consolidated Income Account, years ended Mar.
                                                                          Liabilities:                                                         31 ($000):
  History: Incorporated in Florida on June 27, 2005 as                 Accts pay & accrued
Quetzal Capital 1, Inc. Present name adopted on July 6,                   exps . . . . . . . . . . . .           246,857           128,381                                2009  1 2008   1 2007
2006.                                                                  Note pay . . . . . . . . . .             .......            160,000     Net sales . . . . . . . . 36,157 44,644   58,026
  On July 6, 2006, Co., a shell company domiciled in                   Defer rev . . . . . . . . . .            .......              66,000    Cost of sales . . . . .   21,815 25,035   29,513
Florida, executed a share exchange agreement with the                  Conv deb . . . . . . . . . .               42,000             42,000    Gross margin . . . .      14,342 19,609   28,513
shareholders of Valley Forge Composite Technologies,                   Due to shareholder . . .                  326,558           216,558     Research &
Inc., a Pennsylvania corporation, whereby the                                                                                                    development . . .        6,265  8,143   12,528
shareholders of the Pennsylvania corporation took control                 Tot curr liabil . . . . .              615,415           612,939     Selling, general &
of Co., and the Pennsylvania corporation became a                      Long-term debt, net . .                 5 138,447          .......        administrative . .      19,353 19,279   22,028
wholly-owned subsidiary of Co. As a result of the share                Com stk . . . . . . . . . . .              51,415             46,956    Special charges &
exchange, Co.’s status as a shell corporation ceased, and              Addit paid-in cap . . . .              6,710,904          4,638,394       credits . . . . . . .    6,318  1,974    2,471
July 21, 2009                                                             MERGENT OTC INDUSTRIAL                                                                                 Page 675

Amortization of                                                Net income (loss) per                                           Current assets associat-
   intangible assets             801        961        1,284     share -                                                          ed with discontinued
Total operating                                                  discontinued                                                     operations . . . . . . .             960             6,533
   expenses from                                                 operations - basic          d$.02        $.11         $.07    Total current assets . . .           44,915           33,798
   continuing                                                  Net income (loss) per                                           Long term investments                 1,100             1,925
   operations . . . . .        32,737     30,357     38,311      share - gain from                                             Property, plant &
Operating income                                                 sale of                                                          equipment, net . . . .             2,347           2 4,594
   (loss) from                                                   discontinued
                                                                 operations, net of                                            Goodwill . . . . . . . . . .          2,211             2,211
   continuing                                                                                                                  Intangible assets, net             .......              2,528
   operations . . . . .      dr18,395   dr10,748    dr9,798      tax - basic . . . . .       $1.26   .......     .......
                                                               Net income (loss) per                                           Other assets . . . . . . . .          1,079               581
Interest income . . .             188        819      1,112      share - basic . . .         $0.19     d$0.55        d$0.54    Non current assets as-
Interest expense . .               40   .......    .......     Net income (loss) per                                              sociated with discon-
Other income                                                     share - continuing                                               tinued operations . .           .......              2,203
   (expense), net . .            378      dr332        dr19      operations -                                                  Total assets . . . . . . . .         51,652           47,840
Total other income                                               diluted . . . . . . .     d$1.05        d$.66        d$.61       Liabilities:
   (expense), net . .            526        487        1,093   Net income (loss) per                                           Short term debt . . . . .               346               720
Income (loss) from                                               share -                                                       Accounts payable . . . .              4,368             5,508
   continuing                                                    discontinued
                                                                 operations -                                                  Income taxes payable                    195               513
   operations before
   provision for                                                 diluted . . . . . . .       d$.02        $.11         $.07    Accrued compensation
   income taxes . . .        dr17,869   dr10,261    dr8,705    Net income (loss) per                                              & employee benefits                1,349             2,312
Provision (benefit)                                              share - gain from                                             Other accrued liabili-
   for income taxes              181        853        1,547     sale of                                                          ties . . . . . . . . . . . . .     2,550             2,086
                                                                 discontinued                                                  Deferred income, net of
Net income (loss)                                                operations, net of                                               costs . . . . . . . . . . .        8,024             5,571
   from continuing                                               tax - diluted . . . .       $1.26   .......     .......
   operations . . . . .      dr18,050   dr11,114   dr10,252                                                                    Current liabilities asso-
                                                               Net income (loss) per                                              ciated with discontin-
Net income (loss)                                                share - diluted . .         $0.19     d$0.55        d$0.54       ued operations . . . .             1,256             2,733
   from discontinued
   operations . . . . .        dr372       1,823       1,214   Number of full time                                             Total current liabilities            18,088           19,443
                                                                 employees . . . . .         2 174   .......     .......       Deferred tax liabilities                 10               263
Gain from sale of                                              Number of common
   discontinued                                                                                                                Other non-current lia-
   operations, net of                                            stockholders . . .         2 3 29   .......     .......          bilities . . . . . . . . . .       1,928             1,255
   tax . . . . . . . . . .     21,606   .......    .......        1 Restated to reflect the sale of Co.’s universal remote     Total liabilities . . . . . .        20,026           20,961
Net income (loss)               3,184    dr9,291    dr9,038    control and secured transaction processor businesses as         Common stock . . . . . .                186               185
                                                               discontinued operations 2 As is 3 Approximately
Common shares(000)                                                                                                             Additional paid-in capi-
Weighted average                                                 Consolidated Balance Sheet, as of Mar. 31($000):                 tal . . . . . . . . . . . . .    127,436         125,838
   shares outstanding                                                                                                          Treasury stock . . . . . .            7,563             7,456
   - basic . . . . . . . .     17,031     16,893     16,665      Assets:                        2009        1 2008
                                                                                                                               Other comprehensive
Weighted average                                               Cash & cash                                                        income . . . . . . . . . .           173               102
   shares outstanding                                            equivalents . . . . . . .     32,230      16,625              Retained earnings (ac-
   - diluted . . . . . .       17,114     16,893     16,665    Accounts receivable,                                               cumulated deficit) . .          dr88,606        dr91,790
                                                                 net . . . . . . . . . . . . .  1,698        2,203




                                                                                                                                                                                               OTC
Year end shares                                                                                                                Total shareholders’ eq-
   outstanding . . . .         17,111     16,923     16,840    Inventories . . . . . . . . .    4,022        6,908                uity (deficit) . . . . . .        31,626           26,879
Net income (loss) per                                          Deferred tax assets . . .           10          263                 1 Restated to reflect the sale of Co.’s universal remote
   share - continuing                                          Prepaid expenses &                                              control and secured transaction processor businesses as
   operations - basic         d$1.05       d$.66      d$.61      other current assets           5,995        1,266             discontinued operations 2 As reported by Company




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