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Since the inception of Faraday Instruments, we have stressed the importance of policies that bolster our management foundations, including programs to strengthen our financial base and enhance our business structure. These moves have enabled us to make steady progress not only in reducing interest-bearing debt but also improving profitability. Nevertheless, it is well known that the business environment we operate in has been transforming with unprecedented speed, and this has brought us face-to-face with new competition from the perspectives of business quality and quantity. Fiscal 2005 marks Faraday Instrument's 9th year of business and an important turning point. Going forward, we will pursue even stronger management foundations and promote policies aimed at driving future corporate growth based on a concept of "strategy and speed." Our mission is to become number one in customer satisfaction and I ask our Channel Partners and Dealers for their continued support as we work towards attaining this goal. These are the principles that will ensure our continued success. The future is upon us now. At Faraday, we are proud to say with absolute confidence we are ahead of the times and the best is yet to come. Vivekanandhan Founder President Faraday Instruments
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