For the fourth quarter, the Company incurred a net loss of $37.8 million, or $0.71 per share compared to a net loss of $3.6 million, or $0.08 per share, in the fourth quarter of 2004. The fourth-quarter 2005 results included restructuring, impairment, and other charges of $37.8 million, and the loss on sale of non-strategic businesses of $2.5 million, totaling $40.3 million. Net sales for the quarter were $447.2 million compared to $481.7 million in 2004 in part due to the fact 2005 included one less week of operations compared to 2004. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) excluding restructuring, impairment, and other charges, loss on sale of non-strategic businesses and divested operations EBITDA for the fourth quarter of 2005 was $46.4 million compared to Adjusted EBITDA of $36.7 million in the same period last year, an increase of 26%. An explanation of the Company's use of Adjusted EBITDA is provided below. For the year ended December 31, 2005, the Company reported a net loss of $135.1 million, or $2.70 per share. This compares to a net loss of $19.7 million, or $0.41 per share for the year ended December 31, 2004. The results for the year ended December 31, 2005 include restructuring, impairment, and other charges of $77.3 million, the loss on sale of non-strategic businesses of $4.5 million, and income tax expense of $62.3 million (which included a valuation allowance of $35.3 million against the Company's remaining U.S. deferred tax asset), totaling $144.1 million. Adjusted EBITDA for 2005 was $136.1 million versus $127.5 million in the prior year. Net sales for year were $1.75 billion compared to $1.74 billion in 2004. Robert G. Burton, Chairman and Chief Executive Officer stated: "I am very pleased that our business showed significant operational improvement in the fourth quarter of 2005 resulting in an increase in Adjusted EBITDA of 26% versus the prior year. I believe that we are on target with our business plan to make Cenveo a successful printing company. I feel that the progress we made this quarter is indicative of the direction the company is heading and the momentum we are gaining in the marketplace. The discipline and new mindset we have installed since our arrival in September are beginning to yield their desired impact. We have reduced costs by streamlining operations, consolidating facilities, eliminating non-essential spending, negotiating more competitive pricing and terms with key suppliers, and asking our employees to deliver results. This has quickly resulted in across the board improvement in all our businesses, especially in our core domestic operations which showed a 50% improvement in Adjusted EBITDA in the fourth quarter of 2005 versus the prior year." Mr. Burton continued: "Consistent with our previously announced plan, on February 16th we filed a preliminary prospectus in Canada for the Supremex Income Fund, to divest of our Canadian envelope assets. We continue to believe that a successful completion of this proposed offering will enable us to improve the Company's balance sheet and provide an opportunity to redeploy capital that will generate additional growth opportunities and expand our printing platform domestically." Mr. Burton concluded: "In the almost six months as the senior management team of Cenveo, we have instituted dramatic change at this Company. I believe that we have taken the necessary, although painful actions to turn the Company around and position it for sustainable profitability and future growth that is expected by our shareholders. As we enter 2006, I remain very optimistic about the Company's prospects. We will continue to see the benefit of our $100 million cost savings plan. We will continue to divest of non-core assets that don't have a long-term strategic fit with our core printing business. We have hired new senior sales executives to leverage our long-standing customer relationships to provide added value to their businesses. Most importantly, we are focused on delivering results and improving shareholder value. During our conference call I plan to re-enforce my strong expectations for 2006 by giving guidance for the first quarter and full year. Finally, as the senior manager of this organization, you have my commitment that our team is focused relentlessly on developing a much improved company for our customers, employees and shareholders."