• $10 million voluntary prepayment of bank debt in June 2008; cash-on-hand at June 30, 2008 amounted to $21 million with nothing drawn on the $76 million revolving credit facility.
• Signed new building lease to house our Houston-based research and technical service organization. The facility, designed specifically to enhance the effectiveness of our research and technical service team, will be occupied in early 2009 and will yield cost savings as compared to our current leased facility.
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.jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "UBM China (Shanghai)")
-Ltd..jpg?tr=w-120,h-60,c-at_max,cm-pad_resize,bg-ffffff "Thermore (Far East) Ltd.")
