So lets look at the facts. 60% of Moderns revenues still comes from the forklift business. 40% from construction and generators. All are managed by separate individuals. More than half of Moderns service revenues in the forklift business comes from non Hyster product. The leadership team in 2007 was the same team that brought the company from 60MM to 200MM. The rental business was sold when the industry competition became United, Sun Belt, Hertz, etc all large national public companies. Modern would not have competed given it's size and ESOP structure. The forklift market in 2007 went from 200000 units to 90000 units and Moderns market went to 75% electric. Given the industries it serves and the financial discipline with which it is run it survived a blow that 355 of the industry did not. The workforce was sized to the market and every obligation was made. The company currently is profitable and growing.

Any time you want to have a discussion one on one let me know and I will be happy to arrange it with the current management team or the board or perhaps you don't want to have a fact based discussion. Modern has always been open door and open book and I welcome the discussion. For the record McEwen and McCully would have pulled the same strings and in fact did through out Moderns history. You can reach me at [email address removed] or if the email is blocked through Moderns website. Dave Griffith, Chairman. I welcome the conversation.