Paul Whetsell
Paul Whetsell
exceeded excellent initial recent results three
Results from all three of our recent investments have exceeded our initial expectations and contributed significantly to our excellent 2005 results.
accelerate actions active capital early focused future greatly improvement management platform provide remained several since stronger structure taken team year
Our management team remained focused and active in early 2006. We have taken several actions since year end that will greatly accelerate our capital structure improvement and provide a stronger platform for future growth.
ability actions address apply asset broader business concluded enhance financial further improve intend interest issues plan proceeds promptly providing repay senior
We have substantially and successfully concluded our asset disposition plan and intend to promptly apply these proceeds to repay our senior unsecured notes. These actions will significantly improve our financial flexibility and interest coverage, providing us a much broader ability to address business issues and further enhance shareholder value.