May 2011 Newsletter.pub
Transcription
May 2011 Newsletter.pub
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a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Ȅ͖͔͕͕ 0HHWLQJ /RFDWLRQ 'D\RIWKH0RQWKDQG7LPH *HQHUDO0HHWLQJ +HQQHVV\6FKRRO6R$XEXUQ6W*9 VW7XHVGD\DWSP 6SHDNHU:RUNVKRS 6HYHQWK'D\$GYHQWLVW&KXUFK*9 :HGQHVGD\DIWHU*HQHUDO0HHWLQJ 374*%RDUG0HHWLQJ (VNDWRQ9LOODJHHU5RRP*UDVV9DOOH\ QG7KXUVGD\DWSP 1HZVOHWWHU'HDGOLQH VHZKDQG\#VEFJOREDOQHW SP6DWXUGD\DIWHU%RDUGPHHWLQJ -XQLRU4XLOWHUV 6DOYDWLRQ$UP\$OWD6WUHHW*9 QG6DWXUGD\DWDP &RPPXQLW\6HUYLFH 6HYHQWK'D\$GYHQWLVW&KXUFK*9 UG7KXUVGD\DWDP 'URS,Q¶Q4XLOW 6HYHQWK'D\$GYHQWLVW&KXUFK*9 UG7KXUVGD\DWDP %HJLQQHU%DVLFV 6HYHQWK'D\$GYHQWLVW&KXUFK*9 UG7KXUVGD\DWSP +RPH:RUNVKRS 6HYHQWK'D\$GYHQWLVW&KXUFK*9 WK7XHVGD\DWDP 4XLOW6KRZ&RPPLWWHH (VNDWRQ9LOODJHHU5RRP*UDVV9DOOH\ UG7XHVGD\DWSP 0D\ W 0 D \ 3 U H V L G H Q W ¶V 0 H V V D J H X )DVWHUWKDQDVSHHGLQJEXOOHW«««WKH4XLOW6KRZLVXSRQXV,DPVRORRNLQJIRUZDUGWRVHHLQJDOOWKH EHDXWLIXOTXLOWV ,ZDQWHGWRHQFRXUDJHDOORI\RXWRSOHDVHWU\WRKHOSRXWDWWKHTXLOWVKRZ:HKDYHVRPDQ\ZRQGHU IXOYROXQWHHUVEXW,DPDIUDLGPDQ\RIWKHPDUHKDYLQJWRFDUU\WKHHQWLUHORDG,I\RXZRXOGOLNHWRNQRZ ZKHUH\RXFDQKHOSSOHDVHFDOOWKHTXLOWVKRZFKDLUSHUVRQ(P6XPDWDQGRIIHU\RXUKHOS$V \RXDOONQRZPDQ\YROXQWHHUVPDNHDQHDV\MRERILW,W·VRQO\ZKHQWKHUHDUHQ·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·V SDVVLQJ /DVW ZHHNZHORVW0LOOLH/D0RXUH3OHDVHWDNHDIHZPRPHQWVWRUHPHPEHUWKRVHPHPEHUVZH·YHORVWRYHUWKH SDVWIHZPRQWKV ,KRSHDOORXU*XLOGPHPEHUVJHWDFKDQFHWRHQMR\WKH6KRZ,QYLWHDIDPLO\PHPEHUIULHQGRUQHLJKERU DQGVKDUHWKHHQMR\PHQWRIRXUFRORUIXOTXLOWLQJKHULWDJHDQGKDYHDQLFHOXQFK6((<28$77+(6+2: a$QLWD'DOO3UHVLGHQW 7KH3LQH1HHGOH3UHVV 3DJH / R U Q D 6 W U D N D 3 D W F K Z R U N 6 W D U I R U 0 D \ ´,WKRXJKW,FRXOG«,WKRXJKW,FRXOGµ:DONLQJIURPP\KRXVHWRWKHWRSRI1HDO6WUHHWFOLPELQJLWVVWHHSDQG QDUURZVLGHZDONRI*UDVV9DOOH\·VWRXULVWVQHLJKERUKRRG,FDPHWR/RUQD·VDQG-RKQ·VPXOWLXQLWFRPSOH[WZR9LFWR ULDQVVLGHE\VLGHDQLPPHQVHJDUDJHDQGDVWRU\ERRNJUDQQ\FRWWDJH:LWK-RKQ·VZLOOLQJQHVVDQGZDUPUHFHSWLRQ ZHEHJDQWKHLQWHUYLHZZLWKKLVSHUVRQDOSDVVLRQ²WUDLQV2YHUWKHULYHUEHKLQGWKHGRXJKER\DPRQJVWWKHGDLVLHV DQGWKURXJKWKHZRRGVWKH\FKXJ+LV´*µVFDOH*DXJHORFRPRWLYHVSDVVWKURXJKIDLU\YLOODJHVRIPLQLDWXUHSHRSOH ZLWK WKHPHV VXFK DV 6WDU :DUV 6KUHN DQG /LRQ .LQJ )URP DJHV VHYHUDO KXQGUHG SHRSOH WRXU WKHLU ZHOO PDQLFXUHG\DUGGXULQJWKH&RXQW\)DLU2KDQGZDWFK\RXUVWHSLQVLGHWKHGRZQVWDLUVSDUORXUVRIWKHLUURRP9LF WRULDQ \RX ZRXOGQ·W ZDQW WR VTXDVK D VHFWLRQ RI WUDFN )LWWLQJO\ DQG XQDEDVKHGO\ -RKQ DQG /RUQD GHVFULEHG WKHLU XQLTXHPDUULDJHFHUHPRQ\DERDUG$PWUDNLQ'XQVPXLU&DOLIRUQLD$OHQJWK\QHZVSDSHUDUWLFOHDQGSKRWRUH FRXQWVWKHLUEOLVVIXOXQLRQ\HDUVDJR:LWKFDQGLGODXJKWHUDQGJRRGQDWXUHGDQHFGRWHVWKH6WUDNDVVSLOORYHUZLWK DGPLUDWLRQDQGUHVSHFWIRUHDFKRWKHU·VLQWHUHVWV 7RJHWKHU WKH\ VKDUH WKH ´:DO0DUW H[SHULHQFHµ :HOONQRZQ WR WKH )HUJXVRQV DV ZHOO LV WKH ´WUDYHO EXJµ ZKHUHE\ \RX SDUN \RXU IRRW FODVV % ULJ RYHUQLJKW LQ D :DO0DUW SDUNLQJORWZKHQ\RXWUDYHO,W·VIUHH$QGVDIH7KH6WUDNDVMXVWUH WXUQHGIRUP<RVHPLWHZKHUH/RUQDVD\V´,KDYHDSLFWXUHRIPHLQD WDQNWRSDWWKHSLFQLFWDEOHZKHUH,·GMXVWVKRYHOHGDSDWKWKURXJK IHHWRIVQRZµ%XWVKHTXLFNO\DGGV´,WZDVIUHH]LQJDWQLJKWµ2WKHU IDYRULWHV KDYH EHHQ WUHNV WR 6DQWD %DUEDUD IRU 9DOHQWLQHV 'D\ DQG *ROG5XQ5HVW6WRSIRU&KULVWPDV$QRWKHUVKDUHGSDVVLRQLVVSRUWV HU)RRWEDOODQG6)*LDQWVEDVHEDOODUHSDVVLRQDWHSDVWLPHV $V \RX PLJKW WLSWRH EHWZHHQ WUDLQ WUDFNV RU VLGHVWHS WUDLQ SDUDSKHUQDOLD\RXPLJKW DOVREHFKHHUIXOO\PHW ZLWKOD\HUVRIODUJH KDQG TXLOWHG IODQQHO EODQNHWV DOZD\V NHHSLQJ VWHS ZLWK WKH PRQWKVRIVHDVRQV(DFKRIEHGVUHIOHFWHGDNDOHLGRVFRSLFDUVHQDORI FKRLFHV1RJXHVWQRJUDQGFKLOGLVJRLQJWREHFROGDWQLJKWKHUH2F FDVLRQDOO\%DUEDUD&HUHVDTXLOWVRQHRI/RUQD·VJHPV%XWZLWKKRRS LQKDQG/RUQDXVXDOO\KDQGTXLOWVKHUTXHHQVL]HGRQHVDVVKHMRLQV -RKQ LQ WKH HYHQLQJV +DYLQJ EHHQ D TXLOWHU IRU \HDUV /RUQD KDV HVWDEOLVKHG DQ XQXVXDO DQG EHFRPLQJ ELQGLQJ WHFKQLTXH 3XUSRVHO\ SXII\ DQG MXGLFLRXVO\ H[HFXWHG HDFK RXWVLGH OD\HU LV VHFXUHG E\ D GHFRUDWLYH HPEURLGHUHG IHDWKHU VWLWFK &OXWFKLQJ KHU IDYRULWH FR]\ HPSXUSOHGPDVWHUSLHFH/RUQDDGPLWV´,DOZD\VWDNHWKLVTXLOWZLWK PHWRPRWHOV7KH\MXVWGRQ·WKDYHDQ\WKLQJWKLVQLFHµ6KH·VULJKW $´6HZ&UD]\µPHPEHU/RUQDFODLPV´7KHVHODGLHVDUHP\EHVWIULHQGVµ2QKHUGHVLJQZDOOZDVVRPHRQH·V ZKLPVLFDOEHJLQQLQJRID´5RZ5RELQµDYDULDWLRQRQWKHWUDGLWLRQDO´5RXQG5RELQµ,W·VVWLOODVHFUHWEXW/RUQD·VFRQ WULEXWLRQWRWKHLUQH[WURZSURPLVHVWREHIXQDQGIDQFLIXO /RUQDSOD\VRQ(%D\EX\LQJDQGVHOOLQJ2QHRIKHUODUJHUHSURGXFWLRQTXLOWVLVDFRPSRVLWHRI(%D\FRQ WULEXWRUV DQG 5RXQG 5RELQ SDUWLFLSDQWV 1DPHG ´&RPPXQLW\ *DUGHQµ WKLV TXLOW LV EHDXWLIXOO\ PDWFKHG ZLWK \R \R·VKDQGDSSOLTXpDQGVFDOORSHGHGJHV :LWKDZLGHJULQ/RUQDH[FODLPHGQXPHURXVWLPHV´,·PMXVWKDYLQJIXQµ&XULRVLW\FRQWHQWPHQWDQGSHUVLV WHQFHZLOONHHSKHUVWLWFKLQJIRUHYHU(YHQWKRXJK VKHKDVXQILQLVKHGSURMHFWVGLVSOD\HGDERXWWKHKRXVHVKHLVD ILQLVKHU/RUQD·VOLWWOHHQJLQHWKDWFRXOGKHUVHZLQJPDFKLQHRQWKHNLWFKHQWDEOHNHHSVFKXJJLQJDZD\ a-HDQLH)HUJXVRQ3DWFKZRUN6WDU5HSRUWHU 7KH3LQH1HHGOH3UHVV -XQLRU4XLOWHUVRQ'LVSOD \ %H VXUH WR YLVLW WKH -XQLRU 4XLOWHU GLVSOD\ DW RXU TXLOW VKRZ $OO RI WKH -XQLRUV KDYH EHHQ ZRUNLQJ WKHVHODVWPRQWKVRQWKHLUODSTXLOWVDQGWRWHV )RUWKHLUODSTXLOWVWKH\FKRVHEHWZHHQ3DW)U\HU V RULJLQDO GHVLJQV 6DUDWRJD RU 7RZHU %ULGJH 3DW )U\HU LI \RX ZLOO UHPHPEHU ZDV RXU 3DWFKZRUN 6WDU LQ -DQXDU\ 6KH ZDV WKH JXHVW VSHDNHUDW RXU)HEUXDU\PHHWLQJ6KHLQVSLUHGWKH-XQLRUVZLWK KHU TXLOW VDPSOHV DQG OXVFLRXV EDWLNV 3DW LQYLWHG DOO RIWKH-XQLRUVWRKHUKRXVHDQGOHWWKHPTXLOWRQKHU ORQJ DUP 1RZ ZDVQ W WKDW QLFH RI KHU" 5RELQ 0HOOR DQG,ZDWFKHGLQDPD]HPHQWDVWKHNLGVVHHPLQJO\ HIIRUWOHVVO\ PDGH EHDXWLIXO TXLOWLQJ GHVLJQV RQ WKHLU PDVWHUSLHFHV a-XQLRU4XLOWHU)DFLOLWDWRUV 'LDQQH05RFNZHOOGLDQQPNSY#DROFRP 4XLOW*XLOG6FKRODUVKLS5HFLSLHQWV 7KH VFKRODUVKLS FRPPLWWHH PHW DQG HYDOXDWHG DSSOLFDWLRQV IRU VFKRODUVKLSVIURP1HYDGD&RXQW\KLJKVFKRROVWXGHQWV$IWHUFDUHIXO FRQVLGHUDWLRQ RI DSSOLFDQWV WDOHQWV DVSLUDWLRQV DQG ILQDQFLDO QHHG WZR UHFLSLHQWV RI HDFK KDYH EHHQ FKRVHQ %RWK DUH VWXGHQWV DW 1HYDGD8QLRQ+LJK6FKRRO .DWKU\Q +DPLOWRQ LQWHQGV WR EHJLQ KHU FROOHJH VWXGLHV DW 6LHUUD &ROOHJH FRQWLQXLQJ WKH VWXG\ RI DUW DQG DUW KLVWRU\ .DWKU\Q LV D WDO HQWHGDUWLVWSDUWLFXODUO\HQMR\LQJPL[HGPHGLD /HDQQH &RQYLV LVKHDGHG IRU HLWKHU 6RXWKHUQ 2UHJRQ RU &DO 6WDWH &KLFRSXUVXLQJWKHFRQWLQXDWLRQRIKHUHGXFDWLRQLQ&RVWXPH'HVLJQ .DWKU\QKDVGHVLJQHGDQGPDGHFUHDWLYHFRVWXPHVIRUGUDPDSURGXF WLRQVIRUWKUHHRIKHUKLJKVFKRRO\HDUV :H ZLOO PHHW .DWKU\Q DQG /HDQQH DW WKH -XQH 374* PHHWLQJ ZKHUHWKH\ZLOOWHOOXVDOLWWOHDERXWWKHPVHOYHVDQGSUHVHQWVDPSOHVRI WKHLUZRUNV &RQJUDWXODWLRQVWRERWKRIRXUVFKRODUVKLSZLQQHUV:HNQRZWKH\ ZLOOGRXVSURXG a'DUOHQH6DXQGHUV6FKRODUVKLS&KDLU 3DJH 7KH3LQH1HHGOH3UHVV 3DJH &20081,7<6(59,&(6 $QXPEHURITXLOWVDQGWRSVZHUHWXUQHGLQDW$SULO*XLOGPHHWLQJ²WKDQNVWR0DJJLH*ODVVRII5XWK %HUWRQFFLQL *DLO 6LPV 1DQF\DQ 7UDF\ )UDQFHV )HUUHOO DQG /RXLVH %RFN 7KDQN <RX IRU KHOSLQJ WR ILOO RXU VKHOYHVZLWKTXLOWVIRUJLYLQJWRWKHFRPPXQLW\1H[W'URSLQLV0D\WRJLYLQJWLPHIRUDEUHDWKHU DIWHUWKHTXLOWVKRZ3OHDVHFRPHDQGVHZDOZD\VWRSVWRPDNHWRSVWRPDWFKZLWKEDWWLQJDQGEDFNVELQG LQJVWRVHZEDVNHWVWRVWUDLJKWHQWRNHHSRXUFORVHWLQRUGHU$QGRIFRXUVHVRFLDOWLPH,SURPLVHFKRFRODWH :HFDQDOVRXVHKHOSLQWKH&RPPXQLW\6HUYLFHVERRWKDWWKHTXLOWVKRZ&RPHWRVHZIRUDFRXSOHRI KRXUVWRVKRZWKHFRPPXQLW\ZKDWZHGR,I\RXFDQKHOSFDOOHLWKHU-XG\-RKQVWRQIRU6DWXUGD\RU&DURO 3KLOOLSVIRU6XQGD\<HVZH OOKDYHFKRFRODWHWKHUHWRR a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a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´7KHUH LV D YHU\ ILQH OLQH EHWZHHQ KREE\ DQG PHQWDOLOOQHVVµ a'DYH%DUU\ s ǯ :HEVLWHQHZVOHWWHUWURXEOH"" +DYLQJWURXEOHRSHQLQJWKHQHZVOHWWHURQWKH ZHEVLWH" , FDQ KHOS \RX 3OHDVH FDOO RU HPDLO PH 'RQ WEHIUXVWUDWHG'RQ WGRZLWKRXW\RXUQHZV OHWWHU a$UG\7RELQ&RPSXWHU5HFRUGV DUG\W#FRPFDVWQHW %HJLQQLQJ%DODQFH 'HSRVLWV 'LVEXUVH PHQWV (QGLQJ%DODQFH *HQHUDO)XQG&KHFNLQJ 3DVVERRN6DYLQJV (QGLQJ&DVK 374*6SHDNHUVDQG:RUNVKRSV 0D\6SHDNHU³-RH:RRG -RH:RRGFRRZQHURI7KLPEOH&UHHN4XLOW6KRSSHLQ&RQFRUGLVRXU0D\6SHDNHU,QDGGLWLRQZHDUH KDYLQJ WKH 6HDVRQV 4XLOW &KDOOHQJH ZKLFK ZDV FDQFHOOHG LQ 0DUFK -RH ZLOO VSHDN RQ ´%HLQJ ,Q WKH 4XLOW 6KRSSH%XVLQHVVµ+HLV127WHDFKLQJDFODVVWKHIROORZLQJGD\ 7KH3LQH1HHGOH3UHVV 3DJH 9H Q G R U 9 L O O D J H ±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²ODWHVWSDWWHUQVQRWLRQVDQGJLIWV IRUWKHTXLOWHU3XUVHVDQGWRWHNLWVJURPPHWVDQGIDWTXDUWHUEXQGOHVDQGPRUH*DUGQHUYLOOH1HYDGD ZZZ7KH4XLOW+RXVHQHW /DQQRQ·V/($3IHDWXULQJWKH6WLFN\5ROOHUDUHXVDEOHOLQWUROOHUZLWKDOLIHWLPHZDUUDQW\JXDUDQWHHG6DF UDPHQWR&DZZZ7KH'DUQGHVW7KLQJFRP %OXH3HWXQLD*LIWV5HGZRUNDQGHPEURLGHU\SDWWHUQVNLWVDQGVXSSOLHV2YHUGLVSOD\HGSDWWHUQVODSHO SLQVDQGFKDUPV0LVFJLIWV3RUWROD&DZZZEOXHSHWXQLDJLIWVFRP 9LOOD5RVD'HVLJQV2ULJLQDO5RVH&DUGTXLOWSDWWHUQV³DOOHDV\IDVWIXQTXLOWLQJ&RORUIXOEXQGOHVDQG NLWVIURPWRGD\VEHVWGHVLJQHUV.DIIH)DVVHWEDWLNV$P\%XWOHU)UHH6SLULW0LFKDHO0LOOHU6PDUWVYLOOH&D ZZZ9LOODURVDGHVLJQVFRP 'HEELH·V4XLOW6KRS4XLOWLQJ)DEULF%RRNV3DWWHUQV6SHFLDOL]LQJLQ·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± 1 R U W K H U Q 0 L Q H V % X L O G L Q J F R Q W L Q X H G (PDQDWLRQV-HZHOU\DQG)DEULF0LQL:RUOG0DUNHWIHDWXULQJJRRGVPDGHXQGHUWKHSULQFLSDOVRI´IDLU WUDGHµ+DQGEHDGHGMHZHOU\$XVWUDOLDQ$ERULJLQDODUWFRWWRQIDEULFKDQGZRYHQJUDVVKDQGEDJVIURP &DPERGLDKDQGG\HG6XQFORWKIURP6RXWK$IULFD&RWWRQZRRG&D ZZZHPDQDWLRQVMHZHOU\FRP ,QQRYD/RQJ$UP7HU\O/R\(QWHUSULVHVEULQJV\RXWKH,QQRYD/RQJ$UP4XLOWLQJ6\VWHP:HDUH\RXU&$ 19$=DQG87'HDOHU<RXFDQFRXQWRQXVIRUWUDLQLQJDQGRQJRLQJVHUYLFHDQGVXSSRUW:HDOVRKDYH EDWWLQJDQGRWKHUTXLOWLQJVXSSOLHV6W*HRUJH8W7HU\O#WHU\OOR\FRP %D\$UHD&RPIRUW)RRWZHDU:H·UHDIDPLO\RZQHGFRPSDQ\WKDWGHVLJQVDQGSURGXFHVWKHPRVWFRPIRUW DEOHVXSSRUWLYHVDQGDOVDQGVKRHVDSHUVRQFDQZHDU7KH\·UHPDGHRIWKHEHVWPDWHULDOVDQGFDQEHFXVWRP L]HGWRPHHWRQH·VQHHGVIURPQDUURZRUZLGHDQGDFKRLFHRIOHDWKHUV1RYDWR&D ZZZ%D\$UHD&RPIRUW)RRWZHDUFRP 0DU\OLQ·V:RUNVKRS2DNTXLOWUDFNVTXLOWGLVSOD\ODGGHUVTXLOWFOLSKROGHUV/D]\VXVDQWXUQWDEOHV3RO ORFN3LQHV&DZZZPDU\OLQVZRUNVKRSFRP $QJHOTXLOWHUV.LWVIDEULF\GFXWVVKRZVSHFLDODOOWKLQJVWRGRZLWKTXLOWLQJ/LQFROQ&D 4XLOWVLQWKH$WWLF)DEULFô\DUGFXWVIDWTXDUWHUVNLWVMHOO\UROOVFKDUPSDFNVIDEULFWRZHUVQRWLRQVERRNV SDWWHUQVDQG$346/RQJ$UP4XLOWLQJ0DFKLQH&RWWRQZRRG&DOZZZTXLOWVDWWLFFRP +RZHOOV6HZLQJDQG9DFXXPVHZLQJIHOWLQJPDFKLQHV0DFKLQHWUROOH\·VVHZLQJQRWLRQVVXSSOLHVDFFHV VRULHV3DWWHUQV$XEXUQ&DOZZZKRZHOOVHZFRP %HDG'HVLJQVE\.DWKOHHQ-,GHVLJQEHDGHGMHZHOU\EHDGHGPLQLRUQDPHQWVDQGTXLOWHGQHHGOHFDVHVHPEHO OLVKHGZLWKEHDGV,XVHWKHILQHVWIDEULFVVHHGEHDGVDQG6ZDURYVNLFU\VWDOVLQP\GHVLJQV3LFWXUHVFDQEH VHQWXSRQUHTXHVW6XWWHU&UHHN&D 1XWVKHOO&RQFHSWV6XVLH%ODGHV,QYHQWRURIWKH4XLOWHUV)DEUL&DOFDQGDXWKRURIWKHERRN´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̵ǡ 7KH3LQH1HHGOH3UHVV 3DJH 6LOHQW $XFWLRQ 7KDQN\RXWRWKHIRXUWHHQJXLOGPHPEHUVWKDWGRQDWHGTXLOWLWHPVDWRXUODVWPHHWLQJ:HVWLOOQHHGD IHZPRUHGRQDWLRQVWRUHDFKRXUJRDO$WWKHTXLOWVKRZVWRSE\WKH6LOHQW$XFWLRQ7DEOHWRVHHWKHZRQGHU IXOWKLQJVZHKDYHWRELGRQ<RXFDQFDOOPHWRDUUDQJHIRUDSLFNXSRIDQ\GRQDWHGLWHPVRUEULQJWKHPWR WKHVKRZRQ)ULGD\RU6DWXUGD\ a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a0\UQD5DJOLQP\UDJV#SDFEHOOQHW 0LOOLH/D0RXUH VSDVVLQJ +HUPHPRULDOVHUYLFHZLOOEHKHOG6DWXUGD\$SULO WK $0 DW WKH &KXUFK RI -HVXV &KULVW RI /DWWHU 'D\ 6DLQWV DW WKH HQG RI +ROORZD\ LQ 1HYDGD &LW\ -XVW SDVW +RRSHU :HDYHU 0RUWXDU\ ,W LV ZKHUH ZH KDGWKHJXLOGSLFQLF$OODUHZHOFRPH a$UG\7RELQ 7KH3LQH1HHGOH3UHVV +DOORI+RQRU ,I\RXZRXOGOLNHWRQRPLQDWHD*XLOG 0HPEHUIRUWKH+DOORI+RQRUSOHDVHILOORXWD 1RPLQDWLRQ)RUP7KH\FDQEHIRXQGRQRXU ZHEVLWHZZZ3LQH7UHH4XLOW*XLOGFRPRUFRS LHVZLOOEHDYDLODEOHDWWKH0HPEHUVKLSWDEOHGXU LQJRXU*HQHUDO0HHWLQJV3OHDVHPDNHVXUHWR UHDGWKH&ULWHULDVHFWLRQLQWKH0HPEHUVKLS 5RVWHURQSDJHRI,I\RXKDYHDQ\TXHV WLRQVSOHDVHIHHOIUHHWRHPDLO NQNFRRN#KXJKHVQHWRUFDOO7KDQN \RX a.ULV&RRN93 0D\%LUWKGD \V 6KDURQ.UHLVV %DUEDUD&HUHVD (VWHU'LSSH 5RELQ0HOOR -DQHW:HGGOH 0ROO\&RRN 0DJJLH*ODVVRII (GLWK*UHJHUVHQ &DURO0RUURZ $UOHQH5REHUWVRQ %DUEDUD)HX] 5XWK6WHLQGRUI 6XVDQ5REHUWVRQ 6XVDQ+RSNLQV 'RULV+HUPDQQ )UDQFHV2·%ULHQ /HRQD)RVWHU -R\FH5RDWK 0HOLVVD0F*LQQLV 'URSSHG6WLWFKHV -$SULO 'URSSHG 6WLWFKHV 4XLOW WR EH ILQLVKHGLV a&DURO0RUURZ 3DJH 7KH3LQH1HHGOH3UHVV 3DJH 6DYH \RXUPRQH\ %H VDYLQJ XS \RXU PRQH\ WR VSHQG RQ WKH YDVW DUUD\ RI YHQGRU JRRGV ZH ZLOO EH KDYLQJ DW RXU TXLOW VKRZ:HDUHKDYLQJVRPHXQLTXHQHZYHQGHUV,WLVDQH[FHOOHQWRSSRUWXQLW\WRVHHORWVRIIDQWDVWLFIDEULF ORQJDUPVSDWWHUQVNLWVERRNVMHZHOU\DQGHYHQVKRHVDOOLQRQHSODFH6KRS WLO\RXGURSSOHDVH a'LDQQH5RFNZHOO9HQGHU&KDLU4XLOW6KRZ 'RQ¶WIRUJHWWREULQJ -DQRPH3OLNHQHZ a&DOO'LDQH.ORVH ¡ <RXU1DPH7DJ ¡ &RPPXQLW\6HUYLFH4XLOWV ¡ 6KRZ7HOO4XLOWV a&DOO%HUWLH%UHP ¡ 7UHDVXUH7DEOH'RQDWLRQV ¡ &RPSOHWHG'URSSHG6WLWFKHV4XLOWV ¡ /LEUDU\%RRNV 6LONVFUHHQHTXLSPHQWDYDLODEOH +LQWHUEHUJ9R\DJHUORQJDUPTXLOWLQJ PDFKLQHZLWKVWUHWFKIUDPH$OODFFHVVRULHVLQ FOXGHGRUEHVWRIIHU a&DOO'ROO\.HHKQH (OQD0RGHO/WKUHDGVHUJHU3XUFKDVHG LQIRU$VNLQJ9HU\JHQWO\ XVHG a&DOO0DUJDUHW%RRWKE\RU HPDLOGDOH%RRWKE\#FRPFDVWQHW ) 3OHDVH OHW WKH QHZVOHWWHU HGLWRU NQRZ ZKHQ\RXULWHPVHOOV7KDQNV 4XLOWHUV:LVGRP , GUDWKHUEHVWLWFKLQ WKDQLQWKHNLWFKHQ a$XWKRUXQNQRZQ The Pine Needle Press Page 13 2011 AFFILIATES Affiliates are businesses that wish to establish a relationship with our Guild members. They support us by paying affiliate dues. Some of these businesses offer a discount upon showing your Guild membership card. BEN FRANKLIN CRAFTS 598 Sutton Way, Grass Valley 273-1348 [email protected] www.benfranklin-crafts.com Craig & Andrea McGovern, owners CHRISTINE BARNES DESIGNS 208 Hill Street, Grass Valley 273-3970 [email protected] www.christinebarnes.com Christine Barnes, owner CREATIVE STITCHES 4 YOU 15629 Lorie Drive, Grass Valley 477-8858 [email protected] www.longarmquilting4you.com Sharon Cook, owner DEBY'S SIERRA SEWING 245 E Main St, Grass Valley. 274-7906 Deby Hendrickson, owner. FABRICS ON MILL STREET 115 Mill Street, Grass Valley 273-9386 [email protected] www.fabricsonmillst.com Susan Drown and Jennifer Davis, owners 10% discount to Guild members FAT LADY SINGING 14392 Lake Wildwood Dr, PennValley 432-1646 [email protected] Sally Monestier, owner, HOWELL'S SEWING & VACUUM 13555 Bowman Road, Auburn 530-885-9624; [email protected] www.howellsew.com MaryLynn Matthews, owner MACALPIN DESIGN STUDIOS 12131 Francis Dr, Grass Valley 863-0881 [email protected] Teresa & Craig Williams, owners PRECISION QUILTWORKS 18251 Starduster Dr., Grass Valley 432-9595, [email protected] John and Karla Rogers, owners SANDRA BRUCE CREATIVE LONG-ARM QUILTING 116 E. Main Street 5B, Grass Valley 210-9748 or 477-1099 [email protected] Sandra Bruce, owner SUGAR PINE QUILT SHOP 452-A South Auburn Street, Grass Valley 272-5308 [email protected] www.sugarpinequiltshop.com Bonnie Bechtol, owner SUN FOREST QUILTS 13745 Sun Forest Drive., Penn Valley 432-9461 [email protected] Barbara Ceresa, owner THE QUILTED ROSE 7151 El Cajon Blvd #O, San Diego 800-660-8282 [email protected] www.thequiltedrose.com Barbara Vanice, owner QUILTING SISTERS 16161 Cook Road, Rough & Ready 300-1755 [email protected] Sherry Bowers, owner Ask not what your fabric can do for you, but what you can do for your fabric! ~ Arthur unknown 7KH3LQH1HHGOH3UHVV 3DJH 0HHWLQJ0LQXWHV 4XLOW6KRZV{(YHQWV %RDUG DQG 4XLOW 6KRZ PHHWLQJ PLQXWHV DUHQRZRQRXUZHESDJH,I\RXKDYHQRHPDLO RUDIULHQGWKDWFDQKHOSDQGZRXOGOLNHDFRS\ WKH\ZLOOEHDYDLODEOHDWWKH*HQHUDO0HHWLQJVRU E\FRQWDFWLQJWKHUHVSHFWLYH6HFUHWDU\ )HEUXDU\0D\³(GHQ5HLPDJLQHG6DQ-RVH 0XVHXPRI4XLOWV7H[WLOHV6RXWK)LUVW 6WUHHW6DQ-RVH 0D\³6WLWFKHVRI*ORU\+LVWRULF&ROXVD &RXQW\&RXUWKRXVHWK0DUNHW6WUHHWV&R OXVD 0D\³4XLOWHUV(VFDSH$QQXDO 4XLOWLQJ5HWUHDW.6WUHHW(XUHND 0D\³$0HGOH\RI4XLOWV<RVHPLWH +LJK6FKRRO6FKRRO5RDG2DNKXUVW 0D\³:LOGIORZHU$UW*DUGHQDQG4XLOW 6KRZ1LOHV%RXOHYDUG)UHPRQW 0D\³4XLOWVD·)O\LQ)DOORQ&RQYHQWLRQ &HQWHU&DPSXV:D\)DOORQ19 0D\³.QLWWLQJZLWK:LUH0DVWHU&ODVV7KH 0XVHXPRI4XLOWV7H[WLOHV6RXWK)LUVW 6WUHHW6DQ-RVH 0D\³.QLWWLQJ8QIHWWHUHG7KH0XVHXPRI 4XLOWV7H[WLOHV6RXWK)LUVW6WUHHW6DQ -RVH 0\ KXVEDQG OHWV PH EX\DOOWKHIDEULF,FDQKLGH a$XWKRUXQNQRZQ )UDQFHV2 %ULHQIUDQFHVREULHQ#JPDLOFRP 0D\³-RXUQH\WR&DOLIRUQLD0DVRQLF +DOO0DLQ6WUHHW)RUW%UDJJ )RURWKHUTXLOWVKRZVHYHQWVFKHFNRXW1RUWKHUQ &DOLIRUQLD4XLOW&RXQFLO·VHYHQWFDOHQGDUDW ZZZQFTFQHWDQGFOLFNRQ&DOHQGDU 7KH3LQH1HHGOH3UHVV 3DJH ͖͔͕͕ 3UHVLGHQW««««««««« 9LFH3UHVLGHQW«««««« 6HFUHWDU\ 7UHDVXUHU %HJLQQHU%DVLFV &RPPXQLW\6HUYLFH DQG'URS,Q4XLOW« &RPSXWHU5HFRUGV 'URSSHG6WLWFKHV (GXFDWLRQ2XWUHDFK (TXLSPHQW +DOI<DUGV0DNH$:KROH *XLOG&KDOOHQJH +LVWRULDQ +RPH:RUNVKRSV +RVSLWDOLW\0HQWRU«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«««««««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̴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·V %RDUG 0HHWLQJRQWKHVHFRQG7KXUVGD\RIWKHPRQWK ZZZ3LQH7UHH4XLOW*XLOGFRP
Similar documents
Dauphin County Reporter - Dcba
Market Street, Suite 201, P.O. Box 267, Elizabethtown, PA 17022. Attorney: Kevin D. Dolan, Esq., Gingrich, Smith, Klingensmith & Dolan, 222 S. Market Street, Suite 201, P.O. Box 267, Elizabethtown,...
More informationManual - Husqvarna Viking
1HYHURSHUDWHWKHVHZLQJPDFKLQHZLWKDQ\DLURSHQLQJVEORFNHG.HHSYHQWLODWLRQRSHQLQJVRI WKHVHZLQJPDFKLQHDQG foot controller free from the accumulation of lint, dust, and loose cloth. ...
More informationto The 2013-14 Tamite Product Guide
DSSOLFDWLRQV:HPDQXIDFWXUHOHQVHGFRPPHUFLDODQGVSHFL¿FDWLRQWURIIHUVDVZHOODVSDUDEROLF WURIIHUVGLUHFWLQGLUHFWOLJKWLQJDQGÀXRUHVFHQWKLJKED\V
More information