CEO Message

2009 First Quarter Financial Results

In the first quarter, the capital markets continued to experience many of the same challenges they faced last year: capital raising remains tight, and banking activity, slow. Despite these challenges, we achieved a pre-tax operating profit of $3.5 million on revenues that were 12 percent lower than the first quarter of 2008, but a net loss from continuing operations of $2.7 million or $0.17 per diluted share, for the quarter ended March 31, 2009.