2007, A Year of Achievement and Change, 2008 The Year of Opportunity By Tim Shearer, CEO 2007 was a year of tremendous achievement and success for all of us at B2B Workforce. Our renewed focus on driving strategic value to our clients was rewarded. We started the year with three very focused strategic objectives: Drive growth of our IBM and SAP America Relationships Continue to expand and tightly manage our Accenture Relationship Enhance our profitability by leveraging our assets more fully The B2B Team, which includes all of our consultants, executed on all three of the objectives exceptionally well. Our IBM account team increased our billable consultants from 81 to 131. This incredible increase of 61.7 % has positioned IBM to challenge Accenture as our largest account in 2008. Last winter B2B, under the leadership of Brad Elster, undertook a strategic review of SAP America as a client. The team clearly defined the challenges and opportunities for this account and built and executed an account strategy geared to significantly growing this important relationship. The SAP Team's efforts were rewarded with a 90+% growth in billable consultants on SAP America's projects. This unique relationship also resulted in over 40 jobs direct with end clients as a result of SAP America's introductions. 2007 presented unique challenges to our Accenture Team. After a stunning growth in excess of 100% in 2006, the Accenture Team has a hard act to follow. Early in the year, the team quickly understood this and developed a plan that recognized the challenges and opportunities ahead. Their focus on penetrating the SAP business at Accenture while continuing to grow our Oracle business was insightful and critical to our ongoing success. The ultimate measurement of success is the profitability of the business. B2B enjoyed revenue growth of over 30% in 2007. By careful management of our business, we were able to leverage this revenue growth into bottom line results that doubled our 2006 results. This tremendous financial performance allows us to start 2008 firmly in control of our financial destiny. 2007 was also a year of change. In October we announced the sale of B2B Workforce to Vedior, Inc. Vedior, one of the largest staffing companies in the world committed to let B2B run as it has since it's founding in 2001, while providing new sales channels and infrastructure support to our business. After two months under their umbrella, both parties could not be more pleased with the results of our business. During the post acquisition time frame, B2B hit all time highs in billable consultants, exceeding 500 consultants for the first time, while also surpassing our earnings targets by over 75%. The B2B business model continues to flourish under Vedior, while their deep account relationships have begun to open up to us providing new channels, new customers and new challenges for our consultants. The unprecedented success of 2007 provides B2B with boundless opportunity in 2008. Our proven ability to focus and build out new channels, our new relationship with Vedior, and our financial strength will allow us to soar to new heights this year. Just like 2007, we start the year with a short list of strategic objectives. Our objectives for 2008 are: Empower our people to take responsibility and be accountable for the execution of their jobs Grow Deloitte from an expanding account to a mature account Leverage the opportunities afforded to us by our new Vedior Relationship For 2008 we have created both sales and recruiting high performance work teams in order to place empowerment, accountability and responsibility close to our clients and consultants. These work teams are lead by senior B2B team members who have years of experience supporting their client accounts or technologies. Our teams are fully empowered to make critical decisions and provide support for their constituencies. In 2007 we were selected as an SAP specialty staffing supplier to Deloitte. This relationship adds SAP support to our Deloitte CRM relationship. We are working closely with the Deloitte ERP service line leaders to continue to expand this relationship across the Oracle EBS, PeopleSoft and JD Edwards practices in 2008. We fully expect Deloitte will become one of our top four accounts by the end of 2008. A key benefit of our sale to Vedior is to partner with their North American IT staffing business, Sapphire Technologies. Sapphire with over 40 offices in the U.S. and over 400 sales and recruiting professionals, provides us with direct access to many of the largest corporations. This relationship will provide us with many new opportunities to staff ERP initiatives within the direct customer market resulting in significant new opportunities for all of our consultants. Also, Vedior has available to it's companies cutting edge technology to support their consultants. We have a team focused on evaluating this technology and determining how to use this technology to greatly improve our ability to support the needs of our consultants. We here at B2B Workforce are proud of the achievements of 2007 and look forward to the opportunities of 2008. We are committed to providing the best consultants to our clients. In return, we will receive the best consulting opportunities for you, our consultants.