TABLE OF CONTENTS  Presidents Message ................................................................................................................. 1 2011 In Review ......................................................................................................................................... 2 The Path Forward ...................................................................................................................................... 3 Description of the Business and Operations............................................................................ 5 Our Business .............................................................................................................................................. 5 Our Structure............................................................................................................................................. 5 Our Philosophy........................................................................................................................................... 6 Our Growth Strategy .................................................................................................................................. 6 Private Company Partners Fact Sheets.................................................................................... 7 Quetico ...................................................................................................................................................... 8 Killick ........................................................................................................................................................ 9 Solowave .................................................................................................................................................. 10 KMH ....................................................................................................................................................... 11 LMS ........................................................................................................................................................ 12 End of the Roll ......................................................................................................................................... 13 LifeMark .................................................................................................................................................. 14 Consolidated Financial Statements of ................................................................................... 15 Notes to Consolidated Financial Statements ......................................................................... 23 Management’s Discussion & Analysis ................................................................................... 51