For the year ended December 31st 2010.

The future

I believe that if we are able to convert the energy of the sun into usable affordable electricity we will have a secure future. Electricity will always be in demand and we are already leading the alternative energy industry in Barbados. The further development of this sector of our business will be our primary objective in 2011 and beyond.

I expect that we will encounter challenging and risky situations in the existing uncertain state of especially the US economy that affects all of our traditional trading partners. We will not be successful in all that we set out to do but, I believe that our fundamental philosophy provides an unshakable foundation for our business. We will continue rewarding results achieved not promises made. We will focus on delivering best value for our customer's money. We will be honest with our Bankers, our customers and our employees and we will be guided in our business dealings by Christian values. We will share our blessings with the communities in which we do business and with all those who contribute to our success. We will strengthen our Administration to enable the on time delivery of the reports that are so essential to achieve the management control that we have developed over the years. We will thank God for the blessings that have been bestowed on our businesses while committing ourselves to strive for excellence in everything that we do as we continue to work to build a stronger Caribbean nation.