Despite the current volatile economic environment, we maintain our leadership in airfreight forwarding business with significant growth in airfreight volume. In 2004 our shipping business moved a record-breaking 160,000 plus containers. The Company's capabilities of acquiring new customers as well as improving overall cost efficiency are the key attributes for our success.

Our investment in information technology also elevates the Company's service quality. Customers are empowered with electronic data transfer and digital communication services with the Company so as to streamline their operating procedure and increase cost effectiveness.

We are confident that our competitive edge based on experience, innovation and service quality will contribute continuous long-term growth for the Hecny Group.

Mr. Charlie C.K. Lee
President and Chairman of the Board