– Financial Highlights  – edge technologies, innovative products, centralized operations and proactive corporate culture to grow earnings and shareholder value. We thank our share- holders, employees, customers and friends for your support. We expect that 2001 will prove a monumental turning point for the Company and we look forward to sharing our accomplishments with you. Respectfully yours, Joseph R. Tomkinson Chairman and Chief Executive Officer William S. Ashmore President and Chief Operating Officer N Wu § bee. 24 titi 34. The Impac Companies – Letter to Shareholders