Robert M. Free - Management Performance

Note: Numbers have been removed to protect certain proprietary aspects of these charts.

Revenue Growth

1) Conversion of our photo printing plant from a film-based business to a automated, digital operation, plus 2) the introduction of a subscription membership model and 3) B2B web applications -- more than doubled revenues each month over the previous year's revenue -- resulting in 500% revenue growth per year.

Note: the seasonal nature of the photo industry is reflected in strong Q4's and typically weak Q1's. Note also the dip due to 9/11, experienced by virtually all industries globally.