As a result of the recession, we have been experiencing a decrease in sales, revenues, and profits, in businesses all around the U.S. We have been trying our best to stay in business, but the recession is more likely to get worse in the near future. Unfortunately, staying in business requires the tough decision to eliminate jobs, which means losing colleagues, who have been like friends. Today, we will begin the process of informing employees by via email about the procedure. As a result, approximately 20% of our colleagues will be notifyied of job elimination and the termination process. We will try to help our colleagues through their termination process to overcome this difficult time with respect and dignity. We thank you for all your effort and hard work for our company. We are hoping to overcome this recession and stay in business with all of your support and help.