Mr. Gallagher concluded, "The overall decorated and graphic apparel marketplace appears to be weathering the storm reasonably well with only modest reductions in overall market volume. However, the uncertainties in the economy have influenced both existing and prospective customers to delay their purchases of new decorated apparel equipment."
"In the face of these continued market pressures, we remain committed to provide the industry with the most innovative and highest quality products, and the most advanced customer education and support systems, while taking whatever steps necessary to maintain our market leadership. And although we cannot predict the timing of a return to normal business conditions, we believe we are today in a much better position to get through today's challenges and to take advantage of an eventual upturn in our markets."