We made significant strides in turning around the business during 2005. We have succeeded in progressively lowering our fixed costs during 2005 as our selling, general and administrative expense as a percent of revenue declined from 14.5% in the first quarter to 12.1% in the fourth quarter. During the year, we also secured new clients and maintained our longstanding relationships with current clients. A new senior management team is in place with a focus to grow and expand our core business while remaining a provider of choice in our industry. We are encouraged with the progress we have made thus far and we will continue to seek opportunities to improve our results and diversify our revenue base in 2006. |
We'd probably have benefited if we'd tried to keep [the CRM deployment] simpler. We tried to bite off more than we could chew to start with. |
We have been keeping our Iraq coverage going and that is a more important story. It has U.S. soldiers there, people are very interested in it, and it lends itself better to breaking news. |
With so many changes set to occur and the prospect of financing a college education overwhelming anyway, we wanted to provide the community some unbiased information to help make the smartest financial decision possible. This workshop will provide timely information on how to reduce the total cost of a college education. |