Clearly, a different breed.  Themes for our annual reports have reflected where  we are in the life cycle of developing our Company. This year is no different. In the early years: growth through consolidation. Th en, recognition that a disciplined strategy would lead to superior results. Later, belief that stay ing the course regarding our acquisition growth strategy would drive greater value longer ter m for stockholders. And most recently, an organizational focus on execution and accountability  to further drive results. In this our seventh annual report to stockholders, it’s t ime to measure how we have done so far, and the resulting benefit for our stockholders.  Our corporate strategy targets secondary and suburb an markets that have strong demographic growth trends and where competitive barriers to en try can be developed. We seek to avoid highly competitive, large urban markets and targe t markets where we can provide either non-integrated or integrated solid waste services under  exclusive arrangements, or markets where we can be integrated and attain high market share. T he objective is always the same: creating a market-based, sustainable competitive advantage. Since our founding in 1997, we have carved out  a differentiated business model that has produced superior financial results and stockholder re turns in the solid waste industry. We have the largest percentage of revenue under exclusive arran gements compared to any other publicly- traded solid waste company. We have consistently led  the major players in the sector in terms of revenue growth, pricing improvement, and operatin g and free cash flow margins. We expect these metrics to continue. Through year end 2004, our stock had risen over 30 0% since our IPO in May 1998 – best in the sector. In 2004, you were rewarded with a 36% i ncrease in the stock price – again, best in the sector. Put simply, a differentiated strategy produc es differentiated results. Clearly, a different breed…  communicates in th e simplest terms how we believe Waste Connections is positioned within the solid waste s ector. We think this bodes well for our employees and stockholders in the future.