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Q4 2008 Henry Bros. Electronics, Inc. Earnings Conference Call - Final.

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OPERATOR: Good morning, ladies and gentlemen, and welcome to the Henry Brothers fourth quarter and year-end 2008 conference call. At this time all participants have been placed on a listen-only mode. The floor will be open for questions following today's presentation.

It is now my pleasure to introduce your host for today's call, Todd Fromer, of KCSA Strategic Communications. Mr. Fromer, you may begin.

TODD FROMER, IR, KCSA STRATEGIC COMMUNICATIONS: Thank you, Jackie. Again, welcome to Henry Brothers Electronics fourth quarter and year-end 2008 conference call. Representing the Company today are Jim Henry, Chief Executive Officer; John Hopkins, Chief Financial Officer; and Brian Reach, President and Chief Operating Officer.

Before I turn the call over to Jim for his opening remarks I will read the Safe Harbor statement. Certain statements in this conference call constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements inherently involve risks and uncertainty that could cause actual results to differ materially from the forward-looking statements.

Additional information concerning factors that could cause actual results to differ materially from those in the forward-looking statements is contained under the heading of Risk Factors listed in the Company's filings with the US Securities and Exchange Commission. Henry Brothers Electronics does not assume any obligation to update the forward-looking information.

With that said I would like to now turn the call over to Jim Henry, the Company's Chief Executive Officer. Jim, the floor is yours.

JIM HENRY, CHAIRMAN, FOUNDER & CEO, HENRY BROTHERS ELECTRONICS, INC.: Thank you, Todd. I would like to welcome everyone to Henry Brothers fourth quarter and year-end 2008 conference call. Since our last update our economy has continued to flounder and many worry that the United States has sunk deeper into the now confirmed recession.

Our industry itself has continued to weather some of the very challenging times, but the impact of the economy can be seen in the pricings of projects across the industry and in the valuations of many public companies. However, we are pleased to say that our Company's strategy of geographic vertical market diversification has proven wise with our profitability increasing and our stock up over 40% since last February.

I would like to use the first segment of our remarks to detail how we plan to both weather the economic storm and continue to grow our business. Following these comments I will turn the call over to John Hopkins, who will provide a detailed review of our financial results.

While the global financial crisis continued throughout the past year, our management team made a very conscious decision not to just sit by and wait for the fallout, but to aggressively and profitably increase our market share. Doing this required discipline during the bidding process and the confidence that our team had the resources, manpower, and skill to get the job done.

While this crisis is unlike anything we have ever experienced, we know that it is events such as this that tend to reduce the size of the market place. I am pleased to say that the relationships and the brand that we have cultivated over the years are serving us well. And we are confident that we will emerge a stronger company once the market turbulence subsides.

In short, 2008 was a very good year for us. In the face of market headwinds we were able to increase our annual revenue by 7.8% and go from a loss of $0.05 per diluted share to a gain of $0.26 per diluted share. Our performance for the quarter is equally as impressive with our revenue increasing by 8.3% and our earnings per...

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