2005 has been a good year for Eldon. In concert with substantial growth across each of our geographic markets, we have also been able to increase our overall market share. It is my firm belief that the considerable growth which has taken place over the last twelve months can be attributed to two main causes.

 

First, Eldon has continued to improve in terms of being a reliable supplier. Our manufacturing efficiency has been consistently on the upswing and our logistics organization has taken meaningful steps in the right direction. Customers are taking note of this and consequently are growing their business with us. Second, as our new products have been on the market for a few years now, customers have had the opportunity to appreciate both their quality and design features. Both our Multi-Mount and Multi-Flex product lines are comprised of state-of-the-art products with outstanding and innovative features.

 

Looking forward into 2006, Eldon will continue to make progress. We will continue to bring new products to market and invest in increasing production capacity. We will keep working hard to further improve our logistics, open new markets and increase our coverage in existing markets.

 

As I said, 2005 has been a good year for Eldon. Having turned the corner, we’ve set the stage for significant future growth. Within the company we feel very good about what we have achieved. Now this would not have been possible without our customers and I would like to offer special thanks to all of you who have stayed with us, particularly those who suffered due to our poor delivery service in the past. I hope that you all have experienced the improvement of our performance during 2005 and I look forward to showing you even more improvement in the future.

 

Being this, our last newsletter for the year, I would like to take the opportunity to wish you and your family a wonderful holiday. I look forward to doing business with all of you during 2006.

 

Best wishes,