So now that the dust has settled and the news is public let me respond to some of the comments. Modern continues as a customer focused/employee owned company. We are also an open door/open book company and as such I am happy to have a conversation with any individual. We have selected new partners which we feel match up with our customers and the markets we serve and as a result we have laid down our relationship with Hyster with whom we have had a long and productive relationship.

This is a new day for an established company and I can promise you that the one thing that won't change is our values and how we respond to our customers, employees, and partners. We are continuing to grow and thrive and change with the market. I am very confident that our founders would love the changes we have made It was in their DNA and it continues in mine and the current management team. For the record 54% of the retained earnings of the company have flowed to employees, that is on top of salary and benefits. That is I record I am extremely proud of as is our board.

As Chairman and a major shareholder I remain very confident in our management team and the future of Modern. I am not fond of social medial when an individual can post without attribution. If you want to have a fact based conversation you know where to find me and I welcome all conversations.

Dave Griffith