The board has called for this general meeting to communicate the touch on of the current financial crisis on the future of our crease. Being unwrap of one family, as we have always been over the years, my bloke board members and I fully understand your worries of layoffs with the mounting business risk and diminishing margins. We have called for this meeting- above anything else- to comfort your worries and honestly share with you the possible impact of this crisis will have on our business, and our strategy of responding to those challenges.
It is worth nothing to mention that the current financial crisis has severely affected our markets, and our industry at large. Not totally have the markets diminished in volume, but the prices our customers are instinctive to pay for the services we deliver have also been excision with significant percentages; which means that our markets have been eaten up both horizontally and vertically. We are aware of the layoffs and cost-cutting programs taking place within the market, specifically by our major competitors, and are aware that such intelligence operation troubles you and leaves the door open for a lot of rumors and question label in our household.
However, and thanks to your tremendous crusades over the past peer of years, we are in much demote shape than different market players.
Maintaining market leadership in terms of shape of clients as well as reputation means that at hard times, similar to the ones we are facing, we have a better chance of surviving than other less fortunate firms.
My fellow traveler board members and I sincerely appreciate those efforts, and value every single member of our family. We do realize that this success was moreover made possible through your tireless work, and the extra effort we all got used to doing. The words extra mile bustt really mean anything special in this place, because it has nonplus the norm of almost all our employees to walk it whenever necessary, or whenever possible.
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