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    <title>Retail Digital</title>
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    <id>tag:www.retail-digital.com,2011-08-25://174</id>
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    <subtitle>Retail Digital</subtitle>
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<entry>
    <title>Kobo customers initiated into Hogwarts - Retail Technology</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/retail_technology/kobo-customers-initiated-into-hogwarts" />
    <id>tag:www.retail-digital.com,2012:/retail_technology//176.312575</id>

    <published>2012-05-17T12:58:42Z</published>
    <updated>2012-05-17T13:09:42Z</updated>

    <summary>The Canadian eReading company is the latest leading brand to capitalise on J.K Rowling&apos;s smash-hit book series</summary>
    <author>
        <name>Matthew Staff</name>
        
    </author>
    
    <category term="android" label="Android" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="ereaders" label="e-Readers" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="facebook" label="Facebook" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="harrypotter" label="Harry Potter" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="ipad" label="iPad" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="iphone" label="iPhone" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="kobo" label="Kobo" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="mac" label="Mac" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="pc" label="PC" scheme="http://www.sixapart.com/ns/types#tag" />
    <category term="pottermore" label="Pottermore" scheme="http://www.sixapart.com/ns/types#tag" />
    
    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/retail_technology/">
        <![CDATA[<p>
	Kobo Inc. has announced that they will be making the entire Harry Potter book series available throughout their selection of their devices.</p>
<p>
	The global leader in eReading&rsquo;s latest additions is likely to be a huge hit around the world following the success of both the books and the films, created by J.K Rowling. The nature of the Kobo systems is also expected to compliment the style of the series, bridging all seven parts of the classic, bestselling series.</p>
<p>
	They will be on sale via Rowling&rsquo;s Pottermore store on the internet as well as through Kobo&rsquo;s own site. Not just aiming the clever addition to English audiences, the company will also be providing the seven books in French, Italian, Spanish, German and more to come.</p>
<p>
	+MORE RETAIL DIGITAL</p>
<ul>
	<li>
		<a href="http://www.retail-digital.com/stores/alliance-gets-beautiful-boots-boost">Alliance gets beautiful Boots boost</a></li>
	<li>
		<a href="http://www.retail-digital.com/stores/greggs-set-to-suffer-from-pasty-tax">Greggs set to suffer from &#39;pasty tax&#39;</a></li>
	<li>
		<a href="http://www.retail-digital.com/consumer_trends/global-chains-charging-more-in-the-uk">Global chains charging more in the UK</a></li>
</ul>
<p>
	Since its inception, Kobo have effectively carried the mission statement of &lsquo;read anytime, anyplace&rsquo; and this trend expectantly continues through the Potter series. While the award-winning Kobo Touch eReader is the best selling of the devices, the Kobo Vox tablet will also facilitate them. Enthusiastic consumers will also be able to read the digital copies via their iPads, iPhones, Androids, Macs, Blackberrys and PCs, as Kobo attempts to reach as wider audience as possible.</p>
<p>
	The apps provided by the Canadian franchise will also keep engrossed readers safe in the knowledge that they cannot possibly lose their place. The app syncs the libraries across various readers automatically, while Kobo Reading Life will also keep customers abreast of their progress throughout the whole catalogue, including the capability to post reviews, comparative blogs, and favourite exerts. &nbsp;</p>
<p>
	Breaking into the social media domain, Kobo is also the official eReading partner of Facebook, once again providing an avenue for users to share their feelings and opinions on the world-famous magical journey.</p>
<p>
	Michael Tamblyn, Executive Vice President of Content, Sales and Merchandising at Kobo has spoken of his excitement in teaming up with the Harry Potter phenomenon.</p>
<p>
	&nbsp;&ldquo;We&rsquo;re excited to bring together the extremely successful Harry Potter phenomenon and the always-enthusiastic Kobo eReading community. Fans have been waiting for years to see the Harry Potter series in digital and now that wait is over. &ldquo;Best-selling author J. K. Rowling has captured the imaginations of book lovers everywhere, and we couldn&rsquo;t be more excited about bringing her vision to the Kobo reading experience.&rdquo;</p>]]>
        
    </content>
</entry>

<entry>
    <title>Announcing Formation of Rich Footwear Group - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/announcing-formation-of-rich-footwear-group" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312524</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>ST. LOUIS, May 17, 2012 /PRNewswire-iReach/ -- Footwear industry executive, Gary Rich, with over 35 years in the footwear industry and former President of Brown Shoe Company - Wholesale, announces today the formation of Rich Footwear Group. Acting as Chairman,...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p><span class="xn-location">ST. LOUIS</span>, <span class="xn-chron">May 17, 2012</span> <a href="https://ireach.prnewswire.com/Home.aspx?pid=prn" target="_blank">/PRNewswire-iReach/</a> -- Footwear industry executive, <span class="xn-person">Gary Rich</span>, with over 35 years in the footwear industry and former President of Brown Shoe Company - Wholesale, announces today the formation of Rich Footwear Group.</p>

<p>Acting as Chairman, <span class="xn-person">Gary Rich</span>, along with newly appointed President, <span class="xn-person">Paul Shapiro</span>, previously the Senior Vice President, GM of Brown Shoe Company&#039;s Children&#039;s Division and newly appointed Senior Vice President of Sales, <span class="xn-person">Richard Shapiro</span>, are also very pleased to announce their partnership with The Cortina - Leomil Group, to exclusively market Angry Birds licensed footwear in the US and <span class="xn-location">Canada</span>.</p>

<p>"After a 2-year hiatus, I am thrilled to be back in the footwear industry partnering with industry experts, <span class="xn-person">Paul and Richard Shapiro</span>," says Rich, "and to be able to announce our partnership with Cortina - Leomil Group to bring one of the fastest growing brands, Angry Birds, to the footwear market.&#160; With an incredibly strong brand to start, we look forward to a long partnership with Cortina - Leomil Group and future opportunities in other categories as well."</p>

<p>Cortina - Leomil Group, who recently announced an exclusive agreement with Rovio for the Angry Birds license, is one of the largest European footwear companies, currently manufacturing and selling branded, private label and licensed footwear throughout <span class="xn-location">Europe</span>, Latin and <span class="xn-location">South America</span>, The <span class="xn-location">Middle East</span>, <span class="xn-location">South Africa</span>, <span class="xn-location">Russia</span>, <span class="xn-location">New Zealand</span> and Australia.&#160; Cortina - Leomil will be responsible for supply chain, manufacturing of the product and the licensing agreement. Rich Footwear Group, with extensive expertise in creating, building, marketing and selling footwear brands will be responsible for the marketing, selling and joint development of the line to best address the needs of the US and Canadian consumers.</p>

<p>"The Cortina - Leomil Group is looking forward to partnering with Rich Footwear Group in bringing a line of Angry Birds Footwear to the US and <span class="xn-location">Canada</span>. &#160; Utilizing our expertise in sourcing, supply chain and manufacturing and Rich Footwear Company&#039;s expertise in this market we anticipate a very successful relationship, " said <span class="xn-person">Albert Milhado</span>, CEO of the Leomil Group.</p>

<p>Rich Footwear Group&#039;s first launch, Angry Birds Footwear, will be available Fall 2012 in all major channels of retail in the US and <span class="xn-location">Canada</span>.</p>

<p>For more information about the information above or to schedule an interview,&#160; please call <span class="xn-person">Kristin Ebert</span>, Public Relations Rich Footwear Group&#160; at 314.323.3350 or Tsirah Milhado, Public Relations Cortina Leomil Group at&#160; +31646626111&#160;</p>

<p><u><a href="mailto:Tsirah.Milhado@Leomil.be" target="_blank">Tsirah.Milhado@Leomil.be</a></u></p>
<b>Media Contact:</b> 
<p><span class="xn-person">Kristin Ebert</span>, Rich Footwear Group, 314.323.3350, <a href="mailto:kristin_ebert@me.com">kristin_ebert@me.com</a> </p>

<p>News distributed by PR Newswire iReach: <a href="https://ireach.prnewswire.com/" target="_blank">https://ireach.prnewswire.com</a> </p>

<p>&#160;</p>
<p>SOURCE  Footwear Group</p>]]>
        
    </content>
</entry>

<entry>
    <title>Dangdang Announces First Quarter 2012 Results - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/dangdang-announces-first-quarter-2012-results" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312523</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary> BEIJING, May 17, 2012 /PRNewswire-Asia/ -- E-Commerce China Dangdang Inc. (&quot;Dangdang&quot; or the &quot;Company&quot;) (NYSE: DANG), a leading business-to-consumer e-commerce company in China, today announced its unaudited financial results for the first quarter ended March 31, 2012. First Quarter...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p/>
 
 
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<p><span class="xn-location">BEIJING</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire-Asia/ -- E-Commerce China Dangdang Inc. ("Dangdang" or the "Company") (NYSE: DANG), a leading business-to-consumer e-commerce company in <span class="xn-location">China</span>, today announced its unaudited financial results for the first quarter ended <span class="xn-chron">March 31, 2012</span>.</p>

<p><b><u>First Quarter Highlights</u></b></p>

<ul type="disc">
<li><b>Total net revenues</b> in the first quarter of 2012 were <span class="xn-money">RMB1,083.6 million</span> (<span class="xn-money">$172.1 million</span>), a 58% increase from the corresponding period in 2011. </li>
<li><b>Media revenue </b>for the first quarter of 2012 was <span class="xn-money">RMB696.0 million</span> (<span class="xn-money">$110.5 million</span>), an increase of 35% from the corresponding period in 2011. </li>
<li><b>General merchandise revenue </b>for the first quarter of 2012 was <span class="xn-money">RMB367.9 million</span> (<span class="xn-money">$58.4 million</span>), an increase of 124% from the corresponding period in 2011, representing 34% of total net revenues, compared to 24% in the corresponding period in 2011. </li></ul>
<p>"We continue to build our position as one of the leading e-commerce companies in <span class="xn-location">China</span>. In the first quarter, we managed to grow revenues by 58% year-over-year in a soft consumer market environment in <span class="xn-location">China</span>, which compares favorably with the 53% year-over-year growth rate during the first quarter of 2011. Media revenue performed particularly well in the first quarter with an accelerated quarterly sequential growth rate, which gives us a sustainable market share and clear leadership in the category with which we first established the Dangdang brand," said Ms. <span class="xn-person">Peggy Yu Yu</span>, Dangdang&#039;s Executive Chairwoman. "Based on our insight of this coming trend, we planned our strategic category mapping from 2011. Dangdang&#039;s business strategy is proving resilient in the current phase of competition, which is concentrated in several vertical categories, particularly in the apparel, digital and electronics categories, in which we have limited exposure and plan to expand through marketplace. Meanwhile, we have made significant progress in strategic cooperation on Dangdang marketplace with a number of leading brands operating in the more competitive product categories. We believe that this rational growth strategy will further build our core business strengths and competencies," Ms. Yu added.</p>

<p>"We achieved new efficiencies in our new customer acquisition strategy, adding 1.9 million new customers in the first quarter while only spending 2.7% of net revenues on marketing. We increased investment in fulfilment in the first quarter, implemented next-day-delivery services in 140 cities and maintained our high service levels during the <span class="xn-chron">Chinese New Year</span> holiday," commented Mr. <span class="xn-person">Guoqing Li</span>, Chief Executive Officer. </p>

<p><b><u>First Quarter 2012 Results</u></b></p>

<p>Dangdang&#039;s <b>total net revenues</b> in the first quarter of 2012 were <span class="xn-money">RMB1,083.6 million</span> (<span class="xn-money">$172.1 million</span>), a 58% increase from the corresponding period in 2011. </p>

<p><b>Media product revenue</b> for the first quarter of 2012 was <span class="xn-money">RMB696.0 million</span> (<span class="xn-money">$110.5 million</span>), representing a 35% increase from the corresponding period in 2011. <b>General merchandise revenue </b>for the first quarter of 2012 was <span class="xn-money">RMB367.9 million</span> (<span class="xn-money">$58.4 million</span>), representing a 124% increase from the corresponding period in 2011. <b>Other revenue including revenue from third-party merchants </b>for the first quarter of 2012 was <span class="xn-money">RMB19.8 million</span> (<span class="xn-money">$3.1 million</span>), representing a 108% increase from the corresponding period in 2011. </p>

<p>Dangdang had about 6.1 million <b>active customers</b> in the first quarter of 2012, representing a 44% increase from the corresponding period in 2011. <b>Total orders </b>for the first quarter 2012 were approximately 11.8 million, a 48% increase from the corresponding period in 2011. </p>

<p><b>Cost of revenue</b><b>s</b> was <span class="xn-money">RMB929.3 million</span> (<span class="xn-money">$147.6 million</span>), representing 85.8% of total revenues, as compared to 80.5% in the corresponding period in 2011. The increased cost of revenues as a percentage of total revenues was primarily due to the increased percentage of the general merchandise products sold at Dangdang&#039;s website, which have lower gross margin than that of media products, especially in the case of general merchandise of new subcategories. <b>General merchandise revenue</b> for the first quarter of 2012 was <span class="xn-money">RMB367.9 million</span> (<span class="xn-money">$58.4 million</span>), representing 34% of total net revenues, as compared to 24% in the corresponding period in 2011. <b>Gross margin </b>in the first quarter of 2012 was 14.2%, as compared to 10.5% in the fourth quarter of 2011 and 19.5% in the corresponding period in 2011. The year-over-year decrease was primarily due to competitive pricing, changes in product mix with a higher percentage of general merchandise. The quarter-over-quarter increase was primarily due to a more rational competitive environment, a decrease in the use of promotional coupons and changes in product mix with a higher percentage of media products. </p>

<p><b>Fulfillment expenses </b>which include warehousing and shipping expenses, were <span class="xn-money">RMB175.5 million</span> (<span class="xn-money">$27.9 million</span>), representing 16.2% of total revenues, compared to 12.4% in the corresponding period in 2011. The increase was primarily due to the increase in expanding the procurement team and the rental costs for the new fulfillment centers, as well as investments in improving customers&#039; shopping experience through faster delivery services.</p>

<p><b>Marketing expenses </b>were <span class="xn-money">RMB29.6 million</span> (<span class="xn-money">$4.7 million</span>), representing 2.7% of total revenues, compared to 3.4% in the corresponding period in 2011. The decrease was primarily due to the improvement of operational efficiency and a change in marketing strategy.</p>

<p><b>Technology and content expenses </b>were <span class="xn-money">RMB32.1 million</span> (<span class="xn-money">$5.1 million</span>), representing 3.0% of total revenues, compared to 2.7% in the corresponding period in 2011. The increase was primarily due to the increased headcount of mid to high level engineers.</p>

<p><b>General and administrative expenses </b>were <span class="xn-money">RMB26.8 million</span> (<span class="xn-money">$4.3 million</span>), representing 2.5% of total revenues, compared to 1.7% in the corresponding period in 2011 and 2.5% in the fourth quarter of 2011. The year-over-year increase was primarily due to an increase of headcount. </p>

<p><b>Share-based compensation expenses</b>, which were allocated to related expense line items, were <span class="xn-money">RMB2.8 million</span> (<span class="xn-money">$0.4 million</span>) in the first quarter of 2012, compared to <span class="xn-money">RMB2.4 million</span> in the corresponding period in 2011,representing a 14.6% increase.</p>

<p>Dangdang recorded an <b>operating loss </b>of <span class="xn-money">RMB107.2 million</span> (<span class="xn-money">$17.0 million</span>) in the first quarter of 2012, as compared with an operating income of <span class="xn-money">RMB1.3 million</span> in the corresponding period in 2011, primarily due to the increase in cost of revenues and the increase in fulfillment expenses.</p>

<p><b>Operating loss excluding share-based compensation expenses</b><b> (non-GAAP) </b>was <span class="xn-money">RMB104.4 million</span> (<span class="xn-money">$16.6 million</span>), as compared with an operating income excluding share-based compensation expenses (non-GAAP) of <span class="xn-money">RMB1.2 million</span> in the corresponding period in 2011.</p>

<p><b>Net loss</b> was <span class="xn-money">RMB99.5 million</span> (<span class="xn-money">$15.8 million</span>), as compared with a net income of <span class="xn-money">RMB3.1 million</span> in the corresponding period in 2011, primarily due to the increase in cost of revenues and the increase in fulfillment expenses. <b>Net loss excluding share-based compensation expenses </b><b>(non-GAAP)</b> was <span class="xn-money">RMB96.7 million</span> (<span class="xn-money">$15.4 million</span>), as compared with a net income excluding share-based compensation expenses (non-GAAP) of <span class="xn-money">RMB5.5 million</span> in the corresponding period in 2011.</p>

<p>As of <span class="xn-chron">March 31, 2012</span>, Dangdang had <b>cash and cash equivalents, short-term time deposits </b>and <b>held-to-maturity investments </b>of <span class="xn-money">RMB1,393.1 million</span> (<span class="xn-money">$221.2 million</span>), as compared to <span class="xn-money">RMB1,391.8 million</span> as of <span class="xn-chron">December 31, 2011</span>. </p>

<p><b>Capital expenditures</b> for the first quarter of 2012 were <span class="xn-money">RMB23.8 million</span> (<span class="xn-money">$3.8 million</span>). </p>

<p><b>Adjusted EBITDA loss </b>(non-GAAP) in the first quarter of 2012 was <span class="xn-money">RMB94.8 million</span> (<span class="xn-money">$15.1 million</span>), as compared with an adjusted EBITDA income of <span class="xn-money">RMB7.6 million</span> in the corresponding period in 2011,primarily due to the increase in cost of revenues and the increase in fulfillment expenses.</p>

<p><b><u>Outlook for Second Quarter 2012</u></b></p>

<p>Dangdang expects its total net revenues in the second quarter of 2012 to be around <span class="xn-money">RMB1186 million</span>, representing year-over-year growth of around 50%. This forecast reflects Dangdang&#039;s current and preliminary view, which is subject to change. </p>

<p><b><u>Conference Call Information</u></b></p>

<p>Dangdang&#039;s management will host an earnings conference call at <span class="xn-chron">8:00 AM</span> on <span class="xn-chron">May 17, 2012</span> U.S. Eastern Time (or <span class="xn-chron">8:00 PM</span> on <span class="xn-chron">May 17, 2012</span> Beijing/<span class="xn-location">Hong Kong</span> time).</p>

<p>Dial-in details for the earnings conference call are as follows: </p>

<div>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">US:</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">+1-718-354-1231</span></p>
</td>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Hong Kong:</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">+852-2475-0994</span></p>
</td>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">International:</span></p>
</td>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">+65-6723-9381</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr></table></div>
<p>Please dial-in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is "Dangdang earnings call."</p>

<p>A replay of the conference call may be accessed by phone at the following number until <span class="xn-chron">May 31, 2012</span>: </p>

<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">International:</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">+61-2-8235-5000</span></p>
</td>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Conference ID: </span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">78966888</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr></table></div>
<p>Additionally, a live and archived webcast of this conference call will be available at <a href="http://ir.dangdang.com/" target="_blank">http://ir.dangdang.com/</a> until <span class="xn-chron">December 31, 2012</span>.</p>

<p><b><u>About Dangdang</u></b></p>

<p>E-Commerce China Dangdang Inc. ("Dangdang" or the "Company") (NYSE: DANG) is a leading business-to-consumer e-commerce company in <span class="xn-location">China</span>. On its website dangdang.com, the Company offers more than 790,000 books and other media products as well as selected general merchandise products including beauty and personal care products, home and lifestyle products, baby, children and maternity products, apparel, digital and electronics products. It also operates the dangdang.com marketplace program, which allows third-party merchants to sell their products alongside products sourced by the Company. Dangdang&#039;s nationwide fulfillment and delivery capabilities, high-quality customer service support and scalable technology infrastructure enable it to provide a compelling online shopping experience to customers. </p>

<p><b><u>Safe Harbor Statement</u></b></p>

<p>This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Among other things, the outlook for the second quarter 2012 and quotations from management in this announcement, as well as Dangdang&#039;s strategic and operational plans, contain forward-looking statements. Dangdang may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Dangdang&#039;s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Dangdang&#039;s growth strategies; its future business development, results of operations and financial condition; its ability to attract and retain new customers and to increase revenues generated from repeat customers; its expectations regarding demand for and market acceptance of our products and services; trends and competition in <span class="xn-location">China</span>&#039;s business-to-consumer e-commerce market; changes in its revenues and certain cost or expense items; the expected growth of the Chinese business-to-consumer e-commerce market; Chinese governmental policies relating to Dangdang&#039;s industry and general economic conditions in <span class="xn-location">China</span>. Further information regarding these and other risks is included in Dangdang&#039;s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission. Dangdang does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of this press release, and Dangdang undertakes no duty to update such information, except as required under applicable law. </p>

<p><b><u>About Non-GAAP Financial Measures </u></b></p>

<p>To&#160;supplement Dangdang&#039;s consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), we use the following measures as the non-GAAP financial measures defined by the SEC: non-GAAP operating income/loss, non-GAAP operating margin, non-GAAP net income/loss and adjusted EBITDA income/loss (collectively referred to as the "Non-GAAP Financial Measures" thereafter). We define non-GAAP operating income/loss, non-GAAP operating margin and non-GAAP net income/loss as&#160;operating income/loss, operating margin, operating income/loss and net income/loss excluding&#160;the impact of share-based compensation expenses respectively; we define adjusted EBITDA income/loss as earnings/loss before interest, taxes, depreciation, amortization, other non-operating income, and share-based compensation expenses. We review the Non-GAAP Financial Measures together with net loss or income to obtain a better understanding&#160;of our operating performance. We believe that these Non-GAAP Financial Measures provide meaningful supplemental information regarding the Company&#039;s performance and liquidity. However, a limitation of using the Non-GAAP Financial Measures as an analytical tool is that they do not include all items that impact our net income/loss for the period. In addition, because they are not calculated in the same manner by all companies, they may not be comparable to other similar titled measures used by other companies. In light of the foregoing limitations, you should not consider the Non-GAAP Financial Measures in isolation from or as an alternative to net income/loss prepared in accordance with U.S. GAAP. </p>

<p>For information on the reconciliation between the Non-GAAP Financial Measures and&#160;the GAAP financial measures presented in accordance with U.S. GAAP for the periods presented, please see the table captioned "Reconciliations of non-GAAP results of operations measures to the nearest comparable GAAP financial measures" at the end of this release.</p>

<p><b>For investor and media inquiries, please contact:</b></p>

<p/>
<p><span class="xn-person">Maria Xin</span><br/>Investor Relations Director <br/>E-Commerce China Dangdang Inc.<br/>+86-10-5799-2306<br/><a href="mailto:xinyi@dangdang.com" target="_blank">xinyi@dangdang.com</a> </p>

<p><span class="xn-person">Caroline Straathof</span><br/>IR Inside<br/>+31-6-54624301<br/><a href="mailto:info@irinside.com" target="_blank">info@irinside.com</a></p>
<br/>
<p>&#160;</p>

<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>E-Commerce China Dangdang Inc.</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(In thousands, except share related data)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>As&#160;of&#160;December&#160;31,&#160;2011</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>As of March 31, 2012</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>US$</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Audited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>ASSETS</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Current assets:</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Cash and cash equivalents</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">192,962</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">374,300</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">59,436</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Time deposits</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,178,839</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">998,839</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">158,609</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Held-to-maturity investments</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">20,000</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">20,000</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,176</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Inventories</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,583,283</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,634,041</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">259,475</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Accounts receivable, net</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">67,369</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">68,381</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">10,858</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Prepaid expenses and other current assets <br/>(including expenses prepaid to related parties <br/>amounting to RMB9,625 and RMB7,219 <br/>(US$1,146) as of December 31, 2011 and <br/>March 31, 2012, respectively)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">142,307</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">159,785</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">25,373</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Amounts due from related parties</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">188</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">182</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">29</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Total current assets</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,184,948</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,255,528</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">516,956</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Fixed assets, net</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">96,612</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">96,798</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">15,371</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Prepaid expenses and deposits</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">4,182</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">11,280</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,791</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Total assets</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,285,742</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,363,606</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">534,118</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>LIABILITIES AND SHAREHOLDERS&#039; EQUITY</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Current liabilities:</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Short-term bank loans</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">150,000</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Accounts payable</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,485,943</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,758,294</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">279,205</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Deferred revenue</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">213,230</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">177,619</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">28,205</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Accrued expenses and other current liabilities</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">266,092</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">342,672</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">54,414</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Amounts due to related parties</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">12,691</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">12,680</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,013</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Total current liabilities</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,127,956</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,291,265</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">363,837</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Total liabilities</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,127,956</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,291,265</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">363,837</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Shareholders&#039; equity:</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Class A common shares (par value of <br/>US$0.0001 per share, 686,505,790 shares <br/>authorized, 265,082,760 and 267,630,260 <br/>shares issued and outstanding as at <br/>December 31, 2011 and March 31, 2012, <br/>respectively)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">197</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">199</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">32</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Class B common shares (par value of <br/>US$0.0001 per share, 313,494,210 <br/>shares authorized, 131,916,660 and <br/>131,916,660 shares issued and <br/>outstanding as at December 31, 2011 <br/>and March 31, 2012, respectively)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">103</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">103</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">16</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Additional paid-in capital</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,825,873</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,841,365</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">292,396</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Accumulated other comprehensive loss</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(88,336)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(89,752)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(14,251)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Accumulated deficit</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(580,051)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(679,574)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(107,912)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Total shareholders&#039; equity</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,157,786</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,072,341</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">170,281</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Total liabilities and shareholders&#039; equity</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,285,742</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,363,606</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">534,118</span></p>
</td></tr></table></div>
<p>&#160;</p>

<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>E-Commerce China Dangdang Inc.</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td colspan="3" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(In thousands, except share related data)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Three Months Ended</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2011</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>US$</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net revenues</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Product revenue</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">678,083</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,063,855</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">168,933</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160; Media</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">514,039</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">695,976</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">110,516</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160; General merchandise</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">164,044</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">367,879</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">58,417</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Other revenue</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">9,497</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">19,769</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,139</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Total net revenues</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">687,580</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,083,624</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">172,072</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Cost of revenues</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(553,580)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(929,287)</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(147,564)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Gross profit&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">134,000</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">154,337</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">24,508</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Operating expenses:</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Fulfillment&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(84,960)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(175,530)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(27,873)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Marketing&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(23,239)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(29,589)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(4,699)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Technology and content&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(18,443)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(32,071)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(5,093)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; General and administrative&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(11,754)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(26,831)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(4,261)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Government grants</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,130</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,445</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">388</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Total operating expenses,net</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(135,266)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(261,576)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(41,538)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Loss from operations</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1,266)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(107,239)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(17,030)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Interest income</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,960</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">6,071</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">964</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Other income (expenses), net</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(676)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,645</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">261</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income (loss) before income taxes</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,018</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(99,523)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,805)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income tax benefit (expense)</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,057</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net income (loss)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,075</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(99,523)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,805)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net income (loss) attributable to common shareholders</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,075</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(99,523)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,805)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income (loss) per common share&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Basic</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.01</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(0.25)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(0.04)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Diluted</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.01</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(0.25)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(0.04)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income (loss) per ADS</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Basic</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.04</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1.25)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(0.20)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Diluted</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.04</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1.25)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(0.20)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net income (loss) allocated to common shareholders used in income <br/>(loss) per share/ADS calculation</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Basic</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,075</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(99,523)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,805)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Diluted</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,075</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(99,523)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,805)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Shares used in income (loss) per common share computation:&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Class A common shares:</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Basic</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">104,744,198</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">265,306,426</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">265,306,426</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Diluted</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">419,143,218</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">397,223,086</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">397,223,086</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Class B common shares:</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Basic</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">286,520,870</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">131,916,660</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">131,916,660</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Diluted</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">286,520,870</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">131,916,660</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">131,916,660</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">ADSs used in income (loss) per ADS calculation&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Basic</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">78,253,014</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">79,444,617</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">79,444,617</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; - Diluted</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">83,828,644</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">79,444,617</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">79,444,617</span></p>
</td></tr></table></div>
<p>&#160;</p>

<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Share-based compensation</b></span></p>
</td>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(In thousands, except share related data)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Three Months Ended</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2011</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>US$</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">* share-based compensation expenses included are as follows:&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Operating expenses:</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Fulfillment *</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">244</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">480</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">76</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Marketing*</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">59</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">83</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">13</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; Technology and content*</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">191</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">248</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">39</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160; General and administrative*&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,942</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,981</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">315</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Total</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,436</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,792</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">443</span></p>
</td></tr></table></div>
<div>
<table border="0" bordercolor="#000000" cellpadding="0" cellspacing="0" id="convertedTable" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in">&#160;</p>

<p class="prnews_p" style="MARGIN: 0in">&#160;</p>

<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1) This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.2975 to US$1.00, the noon buying rate on March 30, 2012 in The City of New York for cable transfers of RMB as certified for customs purposes by the Federal Reserve Bank of New York. </span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(2) Each ADS represents five common shares of the Company.</span></p>
</td></tr></table></div>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td colspan="5" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Non-GAAP operating loss, operating margin and net income (loss)</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(In thousands)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Three Months Ended</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2011</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>US$</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Loss from operations</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1,266)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(107,239)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(17,030)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Share-based compensation expenses</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,436</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,792</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">443</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Non-GAAP operating income (loss)&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,170</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(104,447)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(16,587)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Operating margin&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-0.2%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-9.9%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-9.9%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Impact due to share-based compensation expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.4%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.3%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.3%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Non-GAAP operating margin</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.2%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-9.6%</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-9.6%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net income (loss)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,075</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(99,523)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,805)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Share-based compensation expenses</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,436</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,792</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">443</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Non-GAAP net income (loss)&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">5,511</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(96,731)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,362)</span></p>
</td></tr></table></div>
<p/>
<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Adjusted EBITDA&#160;</b></span></p>
</td>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(In thousands)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Three Months Ended</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2011</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>March 31,<br/>2012</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>RMB</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>US$</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>(Unaudited)</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Loss from operations</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1,266)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(107,239)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(17,030)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Add back:</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;Depreciation and amortization&#160;&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">6,386</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">9,626</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,529</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;Share-based compensation expenses&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,436</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,792</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">443</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;Adjusted EBITDA&#160;</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">7,556</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 8pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(94,821)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(15,058)</span></p>
</td></tr></table></div>
<p>SOURCE  E-Commerce China Dangdang Inc.</p>]]>
        
    </content>
</entry>

<entry>
    <title>Cato Reports Record 1Q EPS Up 5% - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/cato-reports-record-1q-eps-up-5" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312522</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>CHARLOTTE, N.C., May 17, 2012 /PRNewswire/ --&#160;The Cato Corporation (NYSE: CATO) today reported record net income of $31.7 million or $1.09 per diluted share for the first quarter ended April 28, 2012, compared to net income of $30.5 million or...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p><span class="xn-location">CHARLOTTE, N.C.</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;The Cato Corporation (NYSE: CATO) today reported record net income of <span class="xn-money">$31.7 million</span> or <span class="xn-money">$1.09</span> per diluted share for the first quarter ended <span class="xn-chron">April 28, 2012</span>, compared to net income of <span class="xn-money">$30.5 million</span> or <span class="xn-money">$1.04</span> per diluted share for the first quarter ended <span class="xn-chron">April 30</span>, 2011.&#160; Net income and earnings per diluted share<b> </b>increased 4% and 5%, respectively, for the quarter.&#160; Sales for the first quarter were <span class="xn-money">$272.8 million</span>, a 1% increase over sales of <span class="xn-money">$270.9 million</span> for the first quarter ended <span class="xn-chron">April 30</span>, 2011.&#160;&#160; The Company&#039;s same-store sales decreased 2% in the quarter.</p>

<p>"Although the level of sales by month varied due to unexpected circumstances including early warm weather and the delay of tax refunds, first quarter sales overall were within our expectations and reflect the continuing difficult economic environment for our customers," stated <span class="xn-person">John Cato</span>, Chairman, President, and Chief Executive Officer.&#160; "Higher merchandise margin and lower accrued incentive compensation had the largest impact in the quarter.&#160; Our expectations for the second quarter remain unchanged from what was included in the original guidance for the full year and reflect same store sales in the range of down 2% to flat and earnings per diluted share in the range of <span class="xn-money">$.53 to $.57</span> versus <span class="xn-money">$.61</span> last year.&#160; After adjusting our original 2012 guidance for first quarter actual results, our estimate of earnings per diluted share for the full year is now a range of <span class="xn-money">$2.16 to $2.26</span> versus <span class="xn-money">$2.21</span> last year."</p>

<p>Gross margin in the quarter increased 60 basis points to 42.1% of sales primarily due to higher merchandise contribution in the quarter.&#160; SG&amp;A expenses as a percent of sales decreased 90 basis points to 22.5% during the quarter.&#160; On a dollar basis, SG&amp;A decreased 3% principally due to lower accrued incentive compensation partially offset by higher health and workers&#039; compensation insurance costs.&#160; The effective tax rate increased to 38.2% from 35.7% in the prior year, primarily due to elimination of the benefit of the Work Opportunity Tax Credit, which has not been renewed for 2012 by Congress as of the end of the quarter.&#160; The Company&#039;s cash and short-term investments increased by <span class="xn-money">$42.3 million</span> during the quarter to <span class="xn-money">$288.3 million</span>.</p>

<p>During the first quarter, the Company opened eight stores, relocated two stores and closed three stores.&#160; As of <span class="xn-chron">April 28, 2012</span>, the Company operated 1,293 stores in 31 states, compared to 1,282 stores in 31 states as of <span class="xn-chron">April 30</span>, 2011.&#160; </p>

<p>The Cato Corporation is a leading specialty retailer of value-priced fashion apparel and accessories operating three concepts, "Cato", "Versona" and "It&#039;s Fashion".&#160; The Company&#039;s Cato stores offer exclusive merchandise with fashion and quality comparable to mall specialty stores at low prices every day.&#160; Versona is a unique fashion destination offering accessories and apparel including jewelry, handbags and shoes at exceptional prices every day.&#160; It&#039;s Fashion offers fashion with a focus on the latest trendy styles and nationally recognized urban brands for the entire family at low prices every day.&#160; Additional information on The Cato Corporation is available at <a href="http://www.catocorp.com/" target="_blank">www.catocorp.com</a>. </p>

<p><i>Statements in this press release not historical in nature including, without limitation, statements regarding the Company&#039;s expected sales and financial results for the second quarter and year 2012 are considered "forward-looking" within the meaning of The Private Securities Litigation Reform Act of 1995.&#160; Such forward-looking statements are based on current expectations that are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those contemplated by the forward-looking statements.&#160; Such factors include, but are not limited to, the following: general economic conditions; competitive factors and pricing pressures; the Company&#039;s ability to predict fashion trends; consumer apparel buying patterns; adverse weather conditions and inventory risks due to shifts in market demand.&#160; Additional information concerning these and other important factors can be found in Item 1A. "Risk Factors" of the Company&#039;s most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise the forward-looking statements even if experience or future changes make it clear that the projected results expressed or implied therein will not be realized.&#160; The Company is not responsible for any changes made to this press release by</i><i> </i><i>wire or Internet services. </i></p>

<p>&#160;</p>

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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">THE CATO CORPORATION</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">FOR THE PERIODS ENDED APRIL 28, 2012 AND APRIL 30, 2011</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(Dollars in thousands, except per share data)</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Quarter Ended</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">April 28,</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2012</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Sales</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">REVENUES</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Retail sales</span></p>
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<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">272,790</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">100.0%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">270,933</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">100.0%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Other income (principally finance,</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160;&#160;&#160; </span>late fees and layaway charges)</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,554</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.9%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,727</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1.0%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160;&#160;&#160; </span>Total revenues</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">275,344</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">100.9%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">273,660</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">101.0%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">GROSS MARGIN (Memo)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">114,958</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">42.1%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">112,528</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">41.5%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">COSTS AND EXPENSES, NET</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Cost of goods sold</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">157,832</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">57.9%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">158,405</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">58.5%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Selling, general and administrative</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">61,355</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">22.5%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">63,316</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">23.4%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Depreciation</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">5,771</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2.1%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">5,404</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2.0%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Interest and other income</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(906)</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-0.4%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(957)</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-0.4%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160;&#160;&#160; </span>Cost and expenses, net</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">224,052</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">82.1%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">226,168</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">83.5%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income Before Income Taxes</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">51,292</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">18.8%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">47,492</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">17.5%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income Tax Expense</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">19,569</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">7.2%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">16,971</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">6.3%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net Income</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">31,723</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">11.6%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">30,521</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">11.3%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Basic Earnings Per Share</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1.09</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1.04</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Diluted Earnings Per Share</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1.09</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1.04</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr></table></div>
<p>&#160;</p>

<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td colspan="8" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">THE CATO CORPORATION</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td colspan="8" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">CONDENSED CONSOLIDATED BALANCE SHEETS<span class="prnews_span">&#160;</span></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td colspan="8" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(Dollars in thousands)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">April 28,</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">April 30,</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">January 28</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2012</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2011</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2012</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(Unaudited)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(Unaudited)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="2" style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(Unaudited)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">ASSETS</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Current Assets</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Cash and cash equivalents</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">70,704</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">81,173</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">34,893</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Short-term investments</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">212,242</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">180,113</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">205,771</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Restricted Cash</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">5,318</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">4,818</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">5,325</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Accounts receivable - net</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">44,150</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">39,694</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">43,024</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Merchandise inventories</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">120,755</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">125,182</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">130,382</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160; </span>Other current assets</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">9,699</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">8,621</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">9,737</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Total Current Assets</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">462,868</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">439,601</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">429,132</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Property and Equipment - net</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">119,700</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">98,476</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">115,445</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Other Assets</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">7,011</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">7,582</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">6,512</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160;&#160;&#160;&#160;&#160; </span>TOTAL</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">589,579</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">545,659</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">551,089</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td colspan="3" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">LIABILITIES AND STOCKHOLDERS&#039; EQUITY</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Current Liabilities</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">166,786</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">163,842</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">156,993</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Noncurrent Liabilities</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">30,094</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">24,289</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">27,417</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Stockholders&#039; Equity</span></p>
</td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">392,699</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">357,528</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">366,679</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><span class="prnews_span">&#160;&#160;&#160;&#160;&#160; </span>TOTAL</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">589,579</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">545,659</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">551,089</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr></table></div>
<p>SOURCE  The Cato Corporation</p>]]>
        
    </content>
</entry>

<entry>
    <title>Trans World Entertainment Announces First Quarter Results - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/trans-world-entertainment-announces-first-quarter-results" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312521</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>ALBANY, N.Y., May 17, 2012 /PRNewswire/ --&#160;Trans World Entertainment Corporation (Nasdaq: TWMC) today reported financial results for its first quarter ended April 28, 2012. &#160;For the first quarter of 2012, the Company reported a $5.3 million increase in net income...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p><span class="xn-location">ALBANY, N.Y.</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;Trans World Entertainment Corporation (Nasdaq: TWMC) today reported financial results for its first quarter ended <span class="xn-chron">April 28, 2012</span>. &#160;For the first quarter of 2012, the Company reported a <span class="xn-money">$5.3 million</span> increase in net income to <span class="xn-money">$2.8 million</span>, or <span class="xn-money">$0.09</span> per diluted share, compared to a net loss of <span class="xn-money">$2.5 million</span>, or a loss of <span class="xn-money">$0.08</span> per diluted share, for the same period last year.&#160; &#160;&#160;</p>

<p>Comparable store sales for the quarter increased 1% compared to the same quarter last year.&#160; Total sales for the quarter decreased 15% to <span class="xn-money">$112.3 million</span> compared to <span class="xn-money">$131.5 million</span> in 2011.&#160; During the quarter, the Company operated an average of 383 stores compared to 451 stores last year, a 15% decline.&#160; </p>

<p>"The first quarter marked our ninth consecutive quarter of improved operating results," said <span class="xn-person">Robert J. Higgins</span>, Chairman and Chief Executive Officer of Trans World Entertainment.&#160; "We were able to follow up our strong fiscal 2011 performance, with a terrific start to 2012.&#160; Our comp sales increase reflects our ability to drive business with a continued commitment to offering our customers a broad selection at great value coupled with a positive shopping experience.&#160;&#160; In addition, we recently amended our credit agreement providing us with a five year, <span class="xn-money">$75 million</span> facility at reduced interest rates, lower costs and providing for other favorable terms.&#160; The amended credit facility supports our ability to fund strategic initiatives and growth over the next five years. &#160;We look forward to continued success for the remainder of fiscal 2012 and beyond."</p>

<p>Gross profit for the quarter was <span class="xn-money">$41.8 million</span>, or 37.2% of sales, as compared to <span class="xn-money">$48.3 million</span>, or 36.7%, of sales for the same period last year.&#160; The 50 basis point increase in gross profit as a percentage of sales was due to higher margin rates across all product categories.&#160; </p>

<p>Selling, general and administrative expenses decreased 23% for the quarter to <span class="xn-money">$37.3 million</span> compared to <span class="xn-money">$48.3 million</span> in the comparable period last year.&#160; The reduction in SG&amp;A expenses was due to the closing of underperforming stores and continued effective expense management.&#160; As a percentage of sales, SG&amp;A expenses were reduced by 350 basis points to 33.2% in the quarter from 36.7% for the same period last year. </p>

<p>The Company did not require any borrowings under its line of credit during the quarter.&#160; Cash on hand at the end of the quarter was <span class="xn-money">$62.3 million</span>, compared to <span class="xn-money">$29.7 million</span> at the end of the first quarter last year.&#160; Inventory was <span class="xn-money">$176.2 million</span> at the end of the quarter, versus <span class="xn-money">$217.8 million</span> at the end of the first quarter last year, a decline of 19%.&#160; </p>

<p><span class="xn-person">Trans World</span> will host a teleconference call today, <span class="xn-chron">Thursday, May 17, 2012</span>, at <span class="xn-chron">10:00 AM ET</span> to discuss its financial results. Interested parties can listen to the simultaneous webcast on the Company&#039;s corporate website,<b> <a href="http://www.twec.com/" target="_blank">www.twec.com</a></b><b>.</b></p>

<p>Trans World Entertainment is a leading specialty retailer of entertainment products, including video, music, electronics, trend, video games and related products. &#160;The Company operates retail stores in <span class="xn-location">the United States</span>, the <span class="xn-location">District of Columbia</span>, the <span class="xn-location">U.S. Virgin Islands</span>, and <span class="xn-location">Puerto Rico</span>, primarily under the names <b>f.y.e.</b> <b>for your entertainment</b> and <b>Suncoast</b> and on the web at <b><a href="http://www.fye.com/" target="_blank">www.fye.com</a>,&#160;<a href="http://www.wherehouse.com/" target="_blank">www.wherehouse.com</a>, </b>and<b> <a href="http://www.secondspin.com/" target="_blank">www.secondspin.com</a>. </b></p>

<p><i>Certain statements in this release set forth management&#039;s intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses.&#160; Actual results may differ materially from those indicated in such statements.&#160; Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.</i></p>

<p>&#8212;&#160;&#160;&#160;&#160;&#160; table to follow &#8212;</p>

<p>&#160;</p>

<div>
<table border="0" cellpadding="0" cellspacing="0" style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; BORDER-COLLAPSE: collapse; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><tr>
<td colspan="5" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>TRANS WORLD ENTERTAINMENT CORPORATION</b></span></p>
</td></tr>
<tr>
<td colspan="5" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Financial Results</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>STATEMENTS OF OPERATIONS:</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(in thousands, except per share and store data)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td colspan="4" style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Fiscal Quarter Ended</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>April 28,</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>% to</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>April 30,</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: black 0.5pt solid; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>% to</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>2012</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Sales</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>2011</b></span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Sales</b></span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net sales</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160;112,287</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; 131,496</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Cost of sales</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">70,472</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">62.8%</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">83,207</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">63.3%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Gross profit</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">41,815</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">37.2%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">48,289</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">36.7%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Selling, general and</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160; administrative expenses</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">37,260</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">33.2%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">48,253</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">36.7%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Depreciation and amortization</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">941</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.8%</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,715</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1.3%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income (loss) from operations</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3,614</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">3.2%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1,679)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1.3%)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Interest expense, net</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">770</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.7%</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">832</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.6%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income (loss) before income taxes</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2,844</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2.5%</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(2,511)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1.9%)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Income tax expense</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">47</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.0%</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">36</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">0.0%</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Net Income (loss)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160; &#160;2,797</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">2.5%</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160; &#160;(2,547)</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 4pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(1.9%)</span></p>
</td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Basic income (loss) per common share:</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Basic income (loss) per share</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160; &#160; &#160;0.09</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160; &#160; &#160;(0.08)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Weighted average number of</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160; common shares outstanding - basic</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">31,535</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">31,425</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>Diluted income (loss) per common share:</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: left; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Diluted income (loss) per share</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160; &#160; &#160;0.09</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 10pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160; &#160; &#160;(0.08)</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Weighted average number of</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">&#160;&#160; common shares outstanding - diluted</span></p>
</td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">32,210</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 2pt double; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">31,425</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>SELECTED BALANCE SHEET CAPTIONS:</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>April 28,</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>April 30,</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">(in thousands, except store data)</span></p>
</td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>2012</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: black 0.5pt solid; TEXT-ALIGN: center; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt"><b>2011</b></span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Cash and cash equivalents</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160;62,343</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">$ &#160; &#160; &#160; 29,674</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Merchandise inventory</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">176,227</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">217,785</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Fixed assets, net</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">15,681</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">20,047</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Accounts payable</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">52,163</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">71,021</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Borrowings under line of credit</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Long-term debt, less current portion</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">-</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">1,582</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr>
<tr>
<td style="BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 6pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">Stores in operation</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">379</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt">
<p class="prnews_p" style="MARGIN: 0in"><span class="prnews_span" style="FONT-FAMILY: Arial; FONT-SIZE: 8pt">444</span></p>
</td>
<td style="BORDER-BOTTOM: 1pt; TEXT-ALIGN: right; BORDER-LEFT: 1pt; PADDING-LEFT: 6pt; PADDING-RIGHT: 12pt; VERTICAL-ALIGN: bottom; BORDER-TOP: 1pt; BORDER-RIGHT: 1pt"><br/></td></tr></table></div>
 
<p>&#160;</p>
<p>SOURCE  Trans World Entertainment Corporation</p>]]>
        
    </content>
</entry>

<entry>
    <title><![CDATA[Ruffles Introduces Ruffles Ultimate Chips & Dips With Ultimate Contest: A Guys&#039; Night Out at the MAXIM Hot 100 Party]]> - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/ruffles-introduces-ruffles-ultimate-chips-dips-with-ultimate-contest-a-guys-night-out-at-the-maxim-h" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312520</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary> PLANO, Texas, May 17, 2012 /PRNewswire/ -- Ruffles, one of the flagship brands from PepsiCo&#039;s Frito-Lay division, is going all out for guys with new Ruffles Ultimate Potato Chips and Ruffles Ultimate Dips, giving guys their first taste at...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p/>
 
 
 
 
<p><span class="xn-location">PLANO, Texas</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ -- Ruffles, one of the flagship brands from PepsiCo&#039;s Frito-Lay division, is going all out for guys with new Ruffles Ultimate Potato Chips and Ruffles Ultimate Dips, giving guys their first taste at the ultimate party &#8212; MAXIM&#039;s Hot 100.&#160;To kick the party into overdrive, Ruffles and MAXIM are teaming up to offer fans a shot at attending the hottest bash of the year. </p>

<p>Fans of Ruffles and MAXIM can visit <a href="http://www.maxim.com/rufflesultimateparty" target="_blank">www.maxim.com/rufflesultimateparty</a> to enter the contest for a chance to win an all-expenses-paid trip to <span class="xn-location">New York City</span> for the legendary MAXIM Hot 100 Party. &#160;Contestants must submit their most epic stories to the website between <span class="xn-chron">Wednesday, May 16</span> and <span class="xn-chron">Sunday, May 20, 2012</span>, and MAXIM editors will choose the most legendary. Contest details can be found here <a href="http://www.maxim.com/corporate/send-me-the-ultimate-party-official-rules" target="_blank">http://www.maxim.com/corporate/send-me-the-ultimate-party-official-rules</a>. </p>

<p>The epic contest celebrates the new Ruffles Ultimate Potato Chips and Ruffles Ultimate Dips. The chips rock ridges twice the size and depth of the ridges in original Ruffles Potato Chips and come in a variety of real food flavors sure to satisfy any guy gathering. The thick, deep ridges in the chips allow for guys to load up on hearty flavor with new hardcore dips &#8212; made with chunks of real bacon or real beef and cheese &#8211; achieving a truly unapologetic snacking experience that satisfies man hunger. </p>

<p>"Guys live for larger-than-life moments that fuel legendary stories they share for years," explained <span class="xn-person">Tony Matta</span>, vice president of marketing, <span class="xn-person">Frito-Lay North America</span>. "Male bonding is a rite of passage for guys, and what better way to bond than by attending one of the most exciting parties on the planet. The Ruffles Ultimate line was created to fuel epic moments. It&#039;s in moments like these, often over a bag of chips, where recounting the tale is almost as fun as being there the first time."</p>

<p>At the MAXIM Hot 100 party on <span class="xn-chron">Thursday, May 24, 2012</span>, guys will be able to load up on the hearty flavors of Ruffles Ultimate potato chips and dips surrounded by MAXIM&#039;s world&#039;s most beautiful women of 2012. MAXIM&#039;s Hot 100 star-studded party features music by DJ Vice inside <span class="xn-location">New York City</span>&#039;s Dream Downtown Hotel.&#160; With Ruffles Ultimate Potato Chips and Dips fueling the party, the night is a legendary moment in the making. </p>

<p>Ruffles Ultimate Potato Chips are available in three flavors &#8212; The Original, Sweet &amp; Smokin&#039; BBQ and Kickin&#039; Jalapeno Ranch &#8212; and two dip varieties &#8212; Beef N&#039; Cheese and Smokehouse Bacon. The Beef N&#039; Cheese dip will be available in July; all other chip and dip flavors are rolling out this month. </p>

<p>Ruffles Ultimate Potato Chips are offered in a variety of sizes: a 1.875-oz. bag for a suggested retail price of <span class="xn-money">$1.09</span>; a 2.5-oz. bag for a suggested retail price of <span class="xn-money">$1.49</span>; and an 8-oz. bag for a suggested retail price of <span class="xn-money">$4.29</span>. Ruffles Ultimate Dips are available in 15-oz jars for a suggested retail price of <span class="xn-money">$3.99</span>. </p>

<p><b>About Ruffles Potato Chips</b></p>

<p>Ruffles Potato Chips is one of the many brands that make up <span class="xn-person">Frito-Lay North America</span>, the <span class="xn-money">$13 billion</span> convenient foods business unit of PepsiCo (NYSE: PEP), which is headquartered in Purchase, NY.&#160;Learn more about Ruffles at <a href="http://www.facebook.com/ruffles" target="_blank">http://www.facebook.com/ruffles</a> and Frito-Lay at the corporate website, <a href="http://www.fritolay.com">http://www.fritolay.com</a>, the Snack Chat blog, <a href="http://www.snacks.com/">http://www.snacks.com/</a> and on Twitter at <a href="http://www.twitter.com/fritolay">www.twitter.com/fritolay</a>. RUFFLES is a registered trademark of <span class="xn-person">Frito-Lay North America</span>, Inc.</p>

<p><b>About PepsiCo</b></p>

<p>PepsiCo is a global food and beverage leader with net revenues of more than <span class="xn-money">$65 billion</span> and a product portfolio that includes 22 brands that generate more than <span class="xn-money">$1 billion</span> each in annual retail sales. Our main businesses &#8211; Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola &#8211; make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo&#039;s people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo&#039;s promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit <a href="http://www.pepsico.com/" target="_blank">www.pepsico.com</a>.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </p>

<p><b>Follow PepsiCo:</b></p>

<ul type="disc">
<li><a href="http://twitter.com/pepsico" target="_blank">Twitter</a>&#160;(@PepsiCo) </li>
<li><a href="http://www.facebook.com/pepsico" target="_blank">Facebook</a> </li>
<li><a href="http://pepsicoblogs.com/" target="_blank">PepsiCo Blogs</a> </li>
<li><a href="http://www.pepsico.com/Media/Press-Releases.html" target="_blank">PepsiCo Press Releases</a> </li>
<li><a href="http://multimedia.pepsico.com/" target="_blank">PepsiCo Multimedia</a> </li>
<li><a href="http://www.youtube.com/user/PepsiCoVideo" target="_blank">PepsiCo Videos</a> </li></ul>
 
<p>&#160;</p>

<p>&#160;</p>
<p>SOURCE  <span class="xn-person">Frito-Lay North America</span></p>]]>
        
    </content>
</entry>

<entry>
    <title>Dennis Miller To Endorse Regal Assets As His Exclusive Precious Metals Company on &quot;The Dennis Miller Show&quot; - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/dennis-miller-to-endorse-regal-assets-as-his-exclusive-precious-metals-company-on-the-dennis-miller" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312519</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>BURBANK, Calif., May 17, 2012 /PRNewswire/ -- Comedian Dennis Miller, renowned radio personality and host of the nationally syndicated radio program, &quot;The Dennis Miller Show,&quot; will be endorsing Regal Assets on his show as his exclusive precious metals company. After...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
    </author>
    
    
    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p><span class="xn-location">BURBANK, Calif.</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ -- Comedian <span class="xn-person">Dennis Miller</span>, renowned radio personality and host of the nationally syndicated radio program, "The Dennis Miller Show," will be endorsing Regal Assets on his show as his exclusive precious metals company. After pulling all advertising from the <span class="xn-person">Rush Limbaugh</span> show due to the recent scandal, <span class="xn-person">Tyler Gallagher</span>, Chief Executive Officer of Regal Assets, has decided to take a closer look at where advertising dollars are being spent. "I have a duty to our thousands of clients who are valued dearly, and to the Regal Assets staff, to align with the right personalities who share the same core values as Regal Assets," stated Gallagher at a recent press conference. With the recent <span class="xn-person">Rush Limbaugh</span> scandal Regal Assets and <span class="xn-person">Tyler Gallagher</span> are being very careful who they ultimately support and who represents the Regal Assets brand. With precious metals reaching record highs in 2011, <span class="xn-person">Dennis Miller</span> will be spreading the word to let individual investors know that they can take their existing IRA or old 401(k) plan and roll it over into physical precious metals without any tax consequences. </p>



<p>"If you want to include physical gold in your existing IRA or old 401(k), the only company I trust with the process is Regal Assets," said <span class="xn-person">Dennis Miller</span>. </p>

<p>In 1985, <span class="xn-person">Dennis Miller</span> rose to national fame as <i>Saturday Night Live</i>&#039;s new Weekend Update commentator, with his snide, deadpan bashing of political and showbiz celebrities. In 1994, he co-produced and starred in his own show, <i>Dennis Miller Live</i>, on HBO, for which he won two Emmys. In 2000, he moved to the sidelines to provide alternative play-by-play commentary for ABC&#039;s "Monday Night Football." Miller also launched a film career, and his appearances have included <i>Disclosure</i> in 1994 and the Sandra Bullock thriller <i>The Net</i> in 1995. In 1996, he produced and starred in <i>Tales From the Crypt Presents: Bordello of Blood</i>. In 1997, he played a detective in <i>Murder at 1600</i> and appeared as Buffalo Bill in <i>Joe Dirt</i> in 2001. In <span class="xn-chron">January 2007</span>, Miller signed a deal with Westwood One to launch a weekday three-hour talk radio program.<sup> </sup>The program debuted on <span class="xn-chron">March 26, 2007</span>.</p>

<p>Regal Assets is proud to add <span class="xn-person">Dennis Miller</span> to the team and looks forward to spreading the word to individual investors about how easy it is to take their existing IRA or old 401(k) plan and roll it over into physical precious metals without any tax penalties. "There was an instant connection when I spoke to <span class="xn-person">Dennis Miller</span> about Regal Assets, and I knew that he was the perfect guy with the right values to represent our brand," said Gallagher. &#160;Tyler Gallagher and Regal Assets&#039; scandal response is a call to action for companies to make sure they are spending their advertising dollars responsibly.</p>

<p><b>About Regal Assets:</b> Regal Assets, LLC is a precious metals investment firm that specializes in taking existing IRAs or old 401(k)s and rolling them over into physical gold or silver, without any tax ramifications. In business for almost a decade, with an A+ rating from the BBB and a 5 star out of 5 star preferred membership with TrustLink, Regal Assets is a company to trust. Regal Assets is a leader in the precious metals industry and is recommended by celebrity personalities <span class="xn-person">Alan Thicke</span>, <span class="xn-person">Dennis Miller</span>, <span class="xn-person">Laura Ingraham</span>, <span class="xn-person">Jerry Doyle</span>, <span class="xn-person">Lars Larson</span>, and <span class="xn-person">Alan Colmes</span>. For more information visit: <a href="http://www.regalassets.com/" target="_blank">http://www.RegalAssets.com</a></p>

<p><i>If you&#039;d like more information about this topic, or to schedule an interview with <span class="xn-person">Tyler Gallagher</span>, please email <span class="xn-person">Adam Toren</span> at </i><a href="mailto:pr@regalassets.com" target="_blank">pr@regalassets.com</a><i>.</i></p>

<p/>
<p><b>Related Links&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br/></b><a href="http://www.regalgoldcoins.com/" target="_blank"><u>Regal Assets</u></a>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br/><a href="http://www.facebook.com/RegalAssets" target="_blank"><u>Regal Assets on Facebook</u></a></p>

<p/>
<p>SOURCE  Regal Assets, LLC</p>]]>
        
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<entry>
    <title>Michaels Introduces Exclusive Fabulitz Line By LittleMissMatched - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/michaels-introduces-exclusive-fabulitz-line-by-littlemissmatched-2" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312518</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary> IRVING, Texas, May 17, 2012 /PRNewswire/ -- Creative tweens can celebrate their individual style and design one-of-a-kind fashion accessories with Fabulitz by LittleMissMatched, an innovative new line available now exclusively at Michaels stores. The line is the first from...</summary>
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        <name>WDM Group PR Network</name>
        
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        <![CDATA[<p/>
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<p><span class="xn-location">IRVING, Texas</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ -- Creative tweens can celebrate their individual style and design one-of-a-kind fashion accessories with Fabulitz by LittleMissMatched, an innovative new line available now exclusively at Michaels stores.</p>

<p>The line is the first from LittleMissMatched that is truly customizable. Fabulitz includes a cool collection of socks, arm warmers, headbands and cross-body bags that girls can style up or down with hundreds of button-on accessories to mix and match. </p>

<p>"Fabulitz encourages girls to &#039;think outside the socks&#039; and get creative, which is perfect for young Michaels&#039; customers who love to express themselves through fashion," said LittleMissMatched Vice President of Marketing <span class="xn-person">Tori Smyly Banu</span>. "With hundreds of accessories to choose from, girls can have endless fun discovering and creating." </p>

<p>"Michaels is all about providing new and exciting ideas and products that spark creativity and personal expression," said Michaels Vice President of Category Marketing <span class="xn-person">Jennifer Rawls</span>. "The exclusive Fabulitz by LittleMissMatched line is a great addition to our mix for tweens who want to show their personalities through DIY fashion."</p>

<p>The LittleMissMatched brand was launched with the simple mission of encouraging individual style. In addition to fashion accessories and decorations, the exclusive Fabulitz line also includes four dolls - Rock &#039;N&#039; Roll Girl, Sporty Girl, Uptown Girl and Artsy Girl - and kits to make a unique monkey, clock, bracelet or guitar.</p>

<p/>
<p>Retail prices range from <span class="xn-money">$1.99</span> &#8211; 24.99. For more information go to <a href="http://www.littlemissmatched.com/" target="_blank">www.littlemissmatched.com</a> or <a href="http://www.michaels.com/" target="_blank">www.michaels.com</a>.</p>

<p/>
<p><b>About Michaels </b></p>

<p><span class="xn-location">Irving, Texas</span>-based Michaels Stores, Inc. is <span class="xn-location">North America</span>&#039;s largest specialty retailer of arts, crafts, framing, floral, wall decor and seasonal merchandise for the hobbyist and do-it-yourself home decorator. The company currently owns and operates more than 1,060 Michaels stores in 49 states and <span class="xn-location">Canada</span>, and 136 Aaron Brothers stores, and produces 10 exclusive private brands including Recollections&#174;, Studio Decor&#8482;, Bead Landing&#174;, Creatology&#174;, Ashland&#8482;, Celebrate It&#174;, Art Minds&#174;, Artist&#039;s Loft&#174;, Craft Smart&#174; and Loops &amp; Threads&#8482;. </p>

<p><b>About LittleMissMatched</b></p>

<p>LittleMissMatched started with a very simple mission: build a brand that is fun, inspires creativity, embraces individual style and celebrates self-expression. In our world, socks don&#039;t match -- matching is mundane -- mixing is monumental and color is cool. While we started with socks sold in odd numbers, we recognized that there&#039;s an entire universe out there who shares our passion for creativity and self-expression -- socks were just the beginning. From books to bedding, PJ&#039;s to pencil pouches and flip flops to furniture, we say, think "outside the socks" -- you can be a kid forever. Be bold, fashion is fun. You be YOU!</p>

<p>Michaels media contacts: <span class="xn-person">Allison Swank</span> or <span class="xn-person">Loren Rutledge</span> <br/>817-329-3257 <br/><a href="mailto:Michaels@spmcommunications.com" target="_blank">Michaels@spmcommunications.com</a></p>
<p>SOURCE  Michaels Stores, Inc.</p>]]>
        
    </content>
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<entry>
    <title>Williamson named editor of Abilene Reporter-News - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/williamson-named-editor-of-abilene-reporter-news" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312517</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>CINCINNATI, May 17, 2012 /PRNewswire/ --&#160;Doug Williamson, a 35-year news industry veteran with broad expertise in local journalism, specialty publications and marketing, has been named editor of the Abilene (Texas) Reporter-News, effective May 21. &quot;Doug brings a unique blend of...</summary>
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        <name>WDM Group PR Network</name>
        
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    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p><span class="xn-location">CINCINNATI</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;Doug Williamson, a 35-year news industry veteran with broad expertise in local journalism, specialty publications and marketing, has been named editor of the <span class="xn-location">Abilene</span> (<span class="xn-location">Texas</span>) Reporter-News, effective <span class="xn-chron">May 21</span>.</p>

<p>"Doug brings a unique blend of skills to the editor role," said <span class="xn-person">Mizell Stewart III</span>, vice president of content for the newspaper division of The E.W. Scripps Company (NYSE: SSP). "Throughout his career, he has demonstrated the ability to take on new challenges with a sense of optimism, purpose and dedication to the community. We will depend on all of those skills as we transform our newsrooms to serve readers in print, on smartphones, on ReporterNews.com and on tablets." </p>

<p><span class="xn-location">Williamson</span> is a 1973 graduate of <span class="xn-org">Baylor University</span> with a degree in oral communication and journalism. He has served in a variety of positions at the Reporter-News since 1985, including managing editor, multimedia editor, business editor, marketing director and director of circulation sales and marketing. </p>

<p>Most recently, <span class="xn-location">Williamson</span> directed specialty publications at the Reporter-News, including Abilene Biz (a monthly business journal), several weekly newspapers, and the home and real estate sections. His other endeavors include writing "Ask Doug," a four-times weekly column in which he answers questions from Reporter-News readers. </p>

<p><span class="xn-location">Williamson</span>&#039;s tenure at the Reporter-News has been marked by extensive civic involvement. He is a past president of the Expo Center of <span class="xn-location">Taylor County</span> and the Kiwanis Club of <span class="xn-location">Abilene</span>. He also served on the boards of the Better Business Bureau, the YMCA of <span class="xn-location">Abilene</span>, and Meals on Wheels.</p>

<p>He and his wife, Frances, have two grown sons. </p>

<p><b>About Scripps</b></p>

<p>Scripps (<a href="http://www.scripps.com/" target="_blank">www.scripps.com</a>) delivers quality journalism and creates valuable marketing environments through television stations, newspapers and a growing menu of digital products and services that now includes social games. </p>
<p>SOURCE  The E.W. Scripps Company</p>]]>
        
    </content>
</entry>

<entry>
    <title>IVM Awarded Innovator of the Year, Receives Indiana&#039;s TechPoint Mira Award - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/ivm-awarded-innovator-of-the-year-receives-indianas-techpoint-mira-award" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312516</id>

    <published>2012-05-17T12:31:45Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>INDIANAPOLIS, May 17, 2012 /PRNewswire/ --&#160;IVM, Inc., a leading supplier of automated vending machines, announced that they have been awarded a TechPoint Mira Award as the &quot;Innovator of the Year.&quot; This year&#039;s Mira Awards finalists crisscrossed the marketplace from established...</summary>
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        <name>WDM Group PR Network</name>
        
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    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p><span class="xn-location">INDIANAPOLIS</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;<a href="http://www.ivminc.com/" target="_blank">IVM, Inc</a>., a leading supplier of automated vending machines, announced that they have been awarded a <a href="http://www.techpoint.org/mira" target="_blank">TechPoint Mira Award</a> as the "Innovator of the Year." This year&#039;s Mira Awards finalists crisscrossed the marketplace from established corporations and preeminent research institutions to fledgling startups; and from creative agencies to high-tech laboratories and emerging technologies.</p>

<p>IVM, Inc. won the Innovation of the Year Mira Award for its vending and distribution solutions technology that allows its clients to contain costs and manage distribution of consumable supplies to their employees. IVM applies cutting edge technology utilizing cellular connectivity for vending distribution.</p>

<p>"We are honored and excited to be named as <span class="xn-location">Indiana</span>&#039;s Innovator of the Year and humbly accept the TechPoint Mira Award," states <span class="xn-person">Michael Pitts</span>, President at IVM, Inc. He continues, "Mira Awards are considered <span class="xn-location">Indiana</span>&#039;s Technology Oscars and when you consider our fellow nominees &#8211; that&#039;s a true validation for our team members and a real motivator to continue developing the world&#039;s leading automated vending machines and taking them to the next level."</p>

<p>IVM practices "The Technology of Total Control." In addition to worldwide vending management and revenue enhancement services, their automated supply distribution services are growing exponentially. The automated vending division allows businesses and manufacturers to provide their employees with supplies, free of charge, while maintaining cost and usage controls on those products. Automated supplies range from safety glasses to drill bits to office supplies. IVM&#039;s specialized distribution equipment remotely tracks disbursement, allowing clients to control usage abuses and cut supply costs. IVM&#039;s advanced vending technology has been deployed to the campuses of Facebook, Logitech, Intel, and HP and to notable manufacturers including GE, Goodyear, Owens Corning, Pepsi Americas, BNSF Railway and Toyota.</p>

<p><b>About</b> <b>TechPoint&#039;s Mission</b>:<br/>TechPoint&#039;s mission is to accelerate <span class="xn-location">Indiana</span>&#039;s emerging and vibrant Tech Sector. As <span class="xn-location">Indiana</span>&#039;s initiative for the state&#039;s technology-based economy and growing entrepreneurship, TechPoint is known for its ability to identify and empower high-growth <span class="xn-location">Indiana</span> technology companies through education and networking programs, government advocacy and strategic economic development initiatives. TechPoint represents <span class="xn-location">Indiana</span>&#039;s entire technology community, including publicly-traded companies, private businesses, colleges and research universities, and local economic development organizations. Visit <a href="http://www.techpoint.org/" target="_blank">www.techpoint.org</a> for more information.</p>

<p><b>About IVM, Inc.:</b><br/>IVM manages the traditional vending programs for hundreds of clients across thousands of locations in the US, <span class="xn-location">Canada</span>, <span class="xn-location">Mexico</span> and <span class="xn-location">England</span>. They have increased revenues for their clients by millions of dollars through improved monitoring and tracking of their vending programs. IVM delivers proprietary, advanced technologies that yield higher efficiency and profits. Their clients represent all business verticals and industries including education, retail, transportation, health, manufacturing, and hospitality. Visit: <a href="http://www.ivminc.com/" target="_blank">www.ivminc.com</a> for more information.</p>

<p>Contact for IVM, Inc.: <span class="xn-person">Michael Pitts</span>, President at 800.676.8432</p>
<p>SOURCE  IVM, Inc.</p>]]>
        
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<entry>
    <title><![CDATA[Swirl, sip and save on summer&#039;s hottest wines at Whole Foods Market&reg;]]> - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/swirl-sip-and-save-on-summers-hottest-wines-at-whole-foods-market" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312515</id>

    <published>2012-05-17T12:31:44Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary> AUSTIN, Texas, May 17, 2012 /PRNewswire/ --&#160;To toast the sunny, carefree days of summer, Whole Foods Market shares its Top 10 favorite warm-weather wines &#8211; from crisp, fragrant whites to earthy, spicy reds &#8211; all priced between $7.99 and...</summary>
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        <![CDATA[<p/>
 
 
 
 
<p><span class="xn-location">AUSTIN, Texas</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;To toast the sunny, carefree days of summer, Whole Foods Market shares its Top 10 favorite warm-weather wines &#8211; from crisp, fragrant whites to earthy, spicy reds &#8211; all priced between <span class="xn-money">$7.99 and $14.99</span>. This year&#039;s selection of wines offer super variety at a value &#8211; from every day sippers and old classics making a comeback, to hearty reds that stand up to grilled foods.</p>

<p>The company&#039;s Top 10 Summer Wines include a one-of-a-kind organic gruner veltliner from <span class="xn-location">Austria</span> as well as the old favorite <span class="xn-person">Bolla Soave Classico</span>, an Italian favorite from the 1970s that has been bottled in classy, retro packaging.&#160; </p>

<p>"We have found some great wines that are like &#039;bottled sunshine&#039; for our shoppers who will also be pleasantly surprised when they see the prices of these gems," said <span class="xn-person">Doug Bell</span>, Whole Foods Market global wine buyer. "With our selection of summer wines, shoppers can easily find the perfect bottle or two for the beach, outdoor picnic or backyard barbecue."</p>

<p>Whole Foods Market invites wine enthusiasts to share their thoughts about the Top 10 Summer Wines during two Taste &amp; Tweet online chats. Go to <a href="http://www.wholefoodsmarket.com/wine/" target="_blank">wholefoodsmarket.com/wine</a> for information about the Twitter Tastings and use the hashtag #WFMwine to follow the conversation. </p>

<p><b>Summer Wines Twitter Tasting 1 &#8211; <span class="xn-chron">Thursday, May 31</span>, <span class="xn-chron">7-8 p.m. CST</span></b></p>

<ul type="disc">
<li>Mionetto Prosecco </li>
<li>Pratsch Gruner Veltliner </li>
<li>Tormaresca Neprica </li></ul>
<p><b>Summer Wines Twitter Tasting 2 &#8211; <span class="xn-chron">Thursday, July 12</span>, <span class="xn-chron">7-8 p.m. CST</span></b></p>

<ul type="disc">
<li>Kyklos Moschofilero </li>
<li>Yalumba Christobel&#039;s Eden Valley Riesling </li>
<li>Pallas Tempranillo by <span class="xn-person">Jorge Ordonez</span> </li></ul>
<p>Here&#039;s a look at Whole Foods Market&#039;s Top 10 Summer Wines that are priced so well, shoppers will want to keep several on-hand for last-minute summer soirees: </p>

<ul type="disc">
<li><b>Mionetto Prosecco</b> (<span class="xn-location">Italy</span>) </li>
<li><b>Kyklos Moschofilero</b> (<span class="xn-location">Greece</span>) </li>
<li><b><span class="xn-person">Bolla Soave Classico</span></b> (<span class="xn-location">Italy</span>) </li>
<li><b>Louis Latour Ardeche Chardonnay</b> (<span class="xn-location">France</span>) </li>
<li><b>Pratsch Gruner Veltliner</b> (<span class="xn-location">Austria</span>) </li>
<li><b>Yalumba Christobel&#039;s Eden Valley Riesling</b> (<span class="xn-location">Australia</span>) </li>
<li><b>Hogue Late Harvest Riesling</b> (<span class="xn-location">Washington</span>) </li>
<li><b>Vinum Cellars Pinot Noir</b> (<span class="xn-location">California</span>) </li>
<li><b>Pallas Tempranillo</b> by <span class="xn-person">Jorge Ordonez</span> (<span class="xn-location">Spain</span>) </li>
<li><b>Tormaresca Neprica </b>(<span class="xn-location">Italy</span>) </li>
<li><b>Columbia Winery Merlot</b> (<span class="xn-location">Washington</span>) </li>
<li><b>Bubo Cabernet Sauvignon</b> (<span class="xn-location">California</span>) &#160;</li></ul>
<p><i>Photos and tasting notes are available at </i><a href="http://media.wholefoodsmarket.com/news/swirl-sip-and-save-on-summers-hottest-wines-at-whole-foods-market" target="_blank"><i>http://media.wholefoodsmarket.com/news/swirl-sip-and-save-on-summers-hottest-wines-at-whole-foods-market</i></a></p>

<p>Contact:<br/><span class="xn-person">Ashley Hawkins</span>, Whole Foods Market<br/>(512) 542.0381 <br/><a href="mailto:Ashley.Hawkins@wholefoods.com" target="_blank">Ashley.Hawkins@wholefoods.com</a> </p>

<p>&#160;</p>
<p>SOURCE  Whole Foods PR</p>]]>
        
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<entry>
    <title>TAT and Thai Airways International Offer &#039;Creative Tourism Experiences&#039; to All Royal Orchid Plus Members - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/tat-and-thai-airways-international-offer-creative-tourism-experiences-to-all-royal-orchid-plus-membe" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312514</id>

    <published>2012-05-17T12:31:44Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>BANGKOK, May 17, 2012 /PRNewswire/ --&#160;The Tourism Authority of Thailand (TAT) and Thai Airways International have jointly embarked on a creative tourism campaign entitled &quot;Discover the Other You.&quot; This campaign is designed to attract tourists to visit Thailand for a...</summary>
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        <name>WDM Group PR Network</name>
        
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        <![CDATA[<p><span class="xn-location">BANGKOK</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;The Tourism Authority of <span class="xn-location">Thailand</span> (TAT) and Thai Airways International have jointly embarked on a creative tourism campaign entitled "Discover the Other You." This campaign is designed to attract tourists to visit <span class="xn-location">Thailand</span> for a unique experience in creative tourism that will inspire them to discover new perspectives in life.</p>

<p>"Discover the Other You" targets European, American, Canadian and Australian travelers primarily using online media that efficiently reaches prospective customers both in timing and segmentation. An online contest that offers an all-inclusive 7-day trip to <span class="xn-location">Thailand</span> for two is the heart of the social media campaign and will be supported with online advertising and public relations. The campaign is projected to attract 4 million views.</p>

<p>In addition, Thai Airways International is supporting the campaign with direct marketing to Royal Orchid Plus members residing in the targeted markets and other countries with large program membership bases. A wide range of special hotel rates and travel-related packages are available for these frequent travelers at a dedicated website, <a href="http://www.discovertheotheryou.com/" target="_blank">http://www.discovertheotheryou.com</a>.</p>

<p>The "Discover the Other You" campaign will heighten awareness of <span class="xn-location">Thailand</span> as one of the world&#039;s top destinations for creative tourism.</p>

<p>&#160;</p>

<p>&#160;</p>

 
<p>&#160;</p>

<p/>
<p/>
<p>SOURCE  Tourism Authority of <span class="xn-location">Thailand</span></p>]]>
        
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<entry>
    <title>Satisfaction Guarantee for All Hawaii Vacation Rentals Booked Through HawaiianBeachRentals.com - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/satisfaction-guarantee-for-all-hawaii-vacation-rentals-booked-through-hawaiianbeachrentalscom" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312513</id>

    <published>2012-05-17T12:31:44Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>HONOLULU, May 17, 2012 /PRNewswire/ --&#160;Although they offer the largest selection of vacation rentals in Hawaii, this is not the expressed intent of Hawaiian Beach Rentals. The company&#039;s main objective is to provide a customer experience that is unparalleled in...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
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        <![CDATA[<p><span class="xn-location">HONOLULU</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;Although they offer the largest selection of <a href="http://www.hawaiianbeachrentals.com/" target="_blank">vacation rentals in Hawaii</a>, this is not the expressed intent of Hawaiian Beach Rentals. The company&#039;s main objective is to provide a customer experience that is unparalleled in the industry, and it shows. Over 98% of Hawaiian Beach Rentals&#039; customers report no complaints of any nature. Committed to continued excellence, the subsidiary of <a href="http://www.vacationrentalagent.com/" target="_blank">Vacation Rental Agent</a> is now offering an exclusive satisfaction guarantee.</p>

<p>The <a href="http://www.vacationrentalagent.com/guarantee.php" target="_blank">satisfaction guarantee</a> is a 100% refund on all fees earned by Hawaiian Beach Rentals during the booking process. These fees range from 5% to 50% of the total rental cost depending on the property. The goal of the guarantee program is complete guest satisfaction in a range of conditions that Hawaiian Beach Rentals thinks is essential to their customers. The key categories they outline are: satisfaction, service, truth, peace of mind and fair price.</p>

<p>How can Hawaiian Beach Rentals offer this type of guarantee when nobody else can? Owner <span class="xn-person">Jeff Berzolla</span> explains, "We have such high quality inventory and vendors, and we pay attention to any issues that arise with an emphasis on resolving problems and making the guest happy. If we have several complaints about a property, owner or property manager we stop working with them to ensure our future guests are staying at the best rentals in <span class="xn-location">Hawaii</span>."</p>

<p>The company continually strives to provide the best service and rentals in the state, and their exclusive satisfaction guarantee is an emphasis on their commitment to customer experience. "Our customers deserve a flawless vacation and we have worked hard to insure they get it," says Berzolla, "we hold our vendors and ourselves accountable for providing a superior service and product and we are constantly working to increase our customers&#039; overall level of satisfaction. This guarantee puts this commitment in writing and further separates our company from our competition by showing our future customers what our current customers already know, we are the best in the business."</p>

<p><b>About Hawaiian Beach Rentals</b></p>

<p>Hawaiian Beach Rentals is a local leader in providing the largest selection of quality vacation rentals that include homes, condos, villas and beach houses in highly desired locations throughout the six main islands of <span class="xn-location">Hawaii</span>.</p>

<p>Media Contact:<br/><span class="xn-person">Jeff Berzolla</span><br/>Vacation Rental Agent<br/><a href="mailto:jeff@vacationrentalagent.com" target="_blank">jeff@vacationrentalagent.com</a><br/>800-853-0787 <br/><a href="http://www.vacationrentalagent.com/" target="_blank">http://www.vacationrentalagent.com/</a></p>

<p>&#160;</p>

<p/>
<p>This press release was issued through eReleases(R).&#160; For more information, visit eReleases <a href="http://www.ereleases.com/" target="_blank">Press Release Distribution</a> at <a href="http://www.ereleases.com/" target="_blank">http://www.ereleases.com</a>.</p>

 
<p>&#160;</p>

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<p>SOURCE  Hawaiian Beach Rentals</p>]]>
        
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<entry>
    <title>Cellar Angels&#039; Partnership Will Create Awareness and Double Contributions for Vasculitis Foundation - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/cellar-angels-partnership-will-create-awareness-and-double-contributions-for-vasculitis-foundation" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312512</id>

    <published>2012-05-17T12:31:44Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary>CHICAGO, May 17, 2012 /PRNewswire/ --&#160;Cellar Angels, the country&#039;s leading caused-based wine company, continued its impressive growth in charity partnerships by partnering with Kansas City-based Vasculitis Foundation. For the months of May and June, in honor of Vasculitis Awareness Month,...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
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        <![CDATA[<p><span class="xn-location">CHICAGO</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire/ --&#160;<a href="http://www.cellarangels.com/" target="_blank">Cellar Angels</a>, the country&#039;s leading caused-based wine company, continued its impressive growth in charity partnerships by partnering with <span class="xn-location">Kansas City</span>-based Vasculitis Foundation. For the months of May and June, in honor of Vasculitis Awareness Month, Cellar Angels will double their contributions for all wine purchasers selecting the Ilya Peckerman Fund, which raises monies for the Foundation&#039;s research efforts.</p>

<p>Founder and Cellar Angels President, <span class="xn-person">Martin Cody</span>, commented on the new partnership: "Wine lovers are usually creating awareness for new wines. Now we&#039;re banding together to create awareness and raise money through wine sales for this rare group of diseases impacting far too many people."</p>

<p>Cellar Angels is a unique wine buying site offering exclusive discounts on highly sought after Napa and Sonoma County wines. Every Tuesday, members receive an email alerting them to that week&#039;s offer. Accompanying each offer is a custom-made video showcasing the wine, winery and people making the wine so members can learn as much about the wine from the comforts of their home. After their purchase, members select from an impressive list of charities for Cellar Angels to donate funds towards. The Ilya Peckerman Fund, founded by on-air lifestyle expert <span class="xn-person">Pamela Pekerman</span> in honor of her father, is now available for selection.</p>

<p>"I couldn&#039;t ask for a better partner to help elevate the profile of The Ilya Peckerman Fund. The Cellar Angels community is vibrant, philanthropic and passionate about great wine and great causes," said <span class="xn-person">Pamela Pekerman</span>.</p>

<p>Membership to Cellar Angels is free. To learn more and receive their weekly email, visit <a href="http://www.cellarangels.com/" target="_blank">http://www.CellarAngels.com</a>.</p>

<p><b>About Cellar Angels</b></p>

<p>Cellar Angels was created by a compassionate group of wine-lovers intent on changing the world through wine. Their mission is simple: connect small, artisanal wine producers to larger audiences, expose wine lovers to exclusive purchase opportunities from partnering boutique wineries and raise money for a select group of charities. They love wine, love introducing others to great wine and love making a difference. Cellar Angels provides an opportunity to accomplish all three.</p>

<p><b>About Vasculitis Foundation</b></p>

<p>The Vasculitis Foundation (VF) supports and empowers patients through education, awareness and research. The VF was founded in 1986 to alleviate the isolation that patients and their families experience when these life-threatening diseases affect them. The VF educates people diagnosed with vasculitis, raises awareness of vasculitis with the general public and the medical community, and funds research. The VF established the VF Research Program, which has funded over <span class="xn-money">$1,000,000</span> in vasculitis research to seek the cause(s) of vasculitis and more effective treatments, with the goal to find a cure for vasculitis. The VF Medical Consultants are recognized as among the world&#039;s finest and most experienced doctors in their respective fields. The Vasculitis Foundation is a registered 501(c)(3) non-profit organization.</p>

<p><b>About the Ilya Peckerman Fund</b></p>

<p>The Ilya Peckerman Fund (IPF) was founded in 2010 in honor of <span class="xn-person">Ilya Peckerman</span>, a Wegener&#039;s patient who lost his battle on <span class="xn-chron">December 18, 2009</span>, just after his 56th birthday. The purpose of the fund is to raise money for the Vasculitis Foundation&#039;s Research Program through silent auctions, unique collaborations and the newly created Shop4Vasculitis campaign.</p>
<p>SOURCE  Cellar Angels</p>]]>
        
    </content>
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<entry>
    <title>China Xiniya Fashion to Attend Janney Capital Markets 2012 Consumer Conference - Press Releases</title>
    <link rel="alternate" type="text/html" href="http://www.retail-digital.com/press_releases/china-xiniya-fashion-to-attend-janney-capital-markets-2012-consumer-conference" />
    <id>tag:www.retail-digital.com,2012:/press_releases//312.312511</id>

    <published>2012-05-17T12:31:44Z</published>
    <updated>1970-01-01T00:00:00Z</updated>

    <summary> XIAMEN, China, May 17, 2012 /PRNewswire-Asia/ -- China Xiniya Fashion Limited (&quot;Xiniya&quot; or the &quot;Company&quot;) (NYSE: XNY), a leading provider of men&#039;s business casual apparel in China, today announced that it will it will meet with investors at the...</summary>
    <author>
        <name>WDM Group PR Network</name>
        
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    <content type="html" xml:lang="en" xml:base="http://www.retail-digital.com/press_releases/">
        <![CDATA[<p/>
 
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<p><span class="xn-location">XIAMEN, China</span>, <span class="xn-chron">May 17, 2012</span> /PRNewswire-Asia/ -- China Xiniya Fashion Limited ("Xiniya" or the "Company") (NYSE: XNY), a leading provider of men&#039;s business casual apparel in <span class="xn-location">China</span>, today announced that it will it will meet with investors at the Janney Capital Markets 2012 Consumer Conference on <span class="xn-chron">May 21</span> and 22, 2012 in <span class="xn-location">Boston</span>. </p>

<p>Mr. <span class="xn-person">Chee Jiong Ng</span>, Chief Financial Officer will represent the Company. </p>

<p>If you would like to participate in this conference and meet with Xiniya, please contact your Janney Capital Markets sales representative.</p>

<p><b>About Xiniya Fashion Limited</b></p>

<p>Xiniya is a leading provider of men&#039;s business casual apparel in <span class="xn-location">China</span>. The Company designs and manufactures men&#039;s business casual and business formal apparel and accessories, which are marketed under the Xiniya brand, and sells through its distribution network that includes 29 distributors. Its products are sold to consumers at over 1,600 authorized retail outlets owned and managed by third parties located in 21 provinces, five autonomous regions, and four municipalities in <span class="xn-location">China</span>. This retail network focuses on second and lower-tier cities, where increasing affluence has led to an improvement in living standards and where most international men&#039;s apparel brands do not have a significant presence. The Company&#039;s target consumers are male working professionals in <span class="xn-location">China</span> between the ages of 25 and 45 who seek fashionable clothing to suit their working and lifestyle needs. For more information, please visit the Company&#039;s website at <a href="http://ir.xiniya.com/" target="_blank">http://ir.xiniya.com</a>.</p>

<p>For more information, please contact: </p>

<p>China Xiniya Fashion Limited<br/>Mr. <span class="xn-person">Chee Jiong Ng</span> <br/>Chief Financial Officer<br/>Mobile +86 136 5593 9932 in <span class="xn-location">China</span><br/><a href="mailto:ngcheejiong@xiniya.com" target="_blank">ngcheejiong@xiniya.com</a> </p>

<p>Christensen<br/>Ms. <span class="xn-person">Kimberly Minarovich</span> <br/>Telephone +1 212 618 1978 in <span class="xn-location">New York</span><br/><a href="mailto:kminarovich@christensenir.com" target="_blank">kminarovich@christensenir.com</a></p>

<p>Mr. <span class="xn-person">Christian Arnell</span> <br/>Telephone +86 10 5826 4939 in <span class="xn-location">Beijing</span> <br/><a href="mailto:carnell@christensenir.com" target="_blank">carnell@christensenir.com</a> </p>
<p>SOURCE  China Xiniya Fashion Limited</p>]]>
        
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