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V8.91 1 Dempsey-Turner Technologies Annual Report 20004 A Message to Our Shareholders 2004 has proven to be a successful year for Dempsey-Turner Technologies, with the new century bringing new technological advances for many of our DTT companies. As ever before, Dempsey-Turners mission remains clear: we will continue to be a leading provider of innovative and cutting edge technologies. DTex has continued to be a strong industry performer, posting record revenues for the third straight year. Networx has also done well, with excellent financial and market share performance. Novatech has suffered revenue reductions, largely due to the volatility of the semiconductor market and the ongoing war in the Middle East. Vendit has maintained a strong revenue position while battling rising costs. BioSys, our newest company, continues to target research development as it focuses on the future. The Dempsey-Turner vision today is the same as the vision Walt Turner and Max Dempsey had nearly twenty-five years ago. To stay on the cutting edge, to remain one step ahead of the competition, and to bring our customers tomorrows technologies today. Stephen T. Diaz Chief Executive Officer Dempsey-Turner Technologies Weve always been proud of the fine products manufactured by our Dempsey-Turner family of companies. And the coming year should give us reason to be even prouder. Over the past several years, business has learned to focus on one key word: Quality. At DTT we take that word very seriously. Last year a senior corporate committee developed a blueprint for a new quality program at DTT. This year, Care About Quality! is a reality. The familiar yellow Care About Quality! banners and decals are already appearing at DTT business units. And it all means that DTT is going to work harder, faster and smarter than ever before. Care About Quality!: just one way that DempseyTurner Technologies will remain competitive throughout the 21st century. Bernard V. OHare Chief Operat