10 PIC Investment Group Inc. boil wateradvisory As I look back on the past year it is clear to me Hydor-Tech has delivered on the strategic plan we developed 5 years ago. We set out to prepare the company for long sustainable growth and to position ourselves to produce a healthier income statement which would allow us to continue to explore new products as well as new markets. Our priority has been to geographically position the company in a way that allows our Distributors the ability to maximise on their potential and to ensure our stakeholders are rewarded for the investment they have made in our company. The most challenging aspect of the year while at the same time the most satisfying was the completion of our multi-million dollar Edmonton Plant expansion. By installing some of the latest technology it will enable the company to manufacture our product safer and much faster. The completion earlier this year has announced Hydor-Tech as a significant Western Canadian Chemical Manufacturing company. The performance of our Distributors during 2011 was a testament to their knowledge and expertise in treating water and as a result of their abilities Hydor-Tech produced another record breaking year. Every member of our team was asked to raise the bar to ensure our customers received the quality of product they have come to expect while we were under construction and I am proud to say that our team performed admirably. Our 2011 performance saw Hydor-Tech grow by more than 25 over the previous year. As we closed each quarter we were able to report our strongest performances yet and as a result we reported record high sales revenues record high production volumes along with record high earnings. Heavier than normal snow fall in Alberta and the heavy rains in British Columbia in late 2010 through to the spring of 2011 had a tremendous positive impact on the amount of water that needed to be treated and resulted in a better than expected performance. Following our clearly defined strategic plan and not losing focus on what is important allowed Hydor-Tech to continue to service and support our Distributors better by providing the most cost effective products possible while continuing opportunities for growth. The success of Hydor-Tech in the recent past has without doubt come from the total dedication of our hard working employees and the exceptional ability of our Distributors. As our journey to improve Hydor- Tech continues it is my belief that our efforts will have a lasting and positive effect on many. Ian Lewis Every member of our team was asked to raise the bar to ensure our customers received the quality of product they have come to expect...