Mr. Livneh continued, "I recently met with all of Tefron's major customers as well as a number of potential customers. We were successful in achieving some first-time initial orders from several new customers including Wal-Mart and White House-Black Market, both of which diversify and grow our revenue base, and provide us with strong future potential. At the same time, our existing customers are behind us and support the changes we are making."
"I have joined a strong team and a company with significant long-term growth potential. However, to realize this potential, I am focusing my initial efforts on solving the manufacturing issues. I do hope to see the positive results of this effort during 2009," concluded Mr. Livneh.