>>View Letter To Shareholders 2007, 2005
......... The Promise of RELM!.........
In last year’s message I emphasized the theme of 'This is Just the Beginning'!
What drove this theme was the record success we attained in;
- Revenue Growth
- Gross Margin
- And Operating Income
I am pleased to report that all three of these metrics were improved upon in 2006!
- Revenue Grew by 13.8%
- Gross Margins improved to 53.9%
- Operating Income improved to $5.6 million.
This is representative of Your Company, Your Team, focused and hard at work attacking the controllable processes within the company that result in Execution and Continuous Improvement!
Your Company is one that differentiates itself with a passion and focus to build a Business Model that is the most responsive to our customer's requirements in the market-place!
Your Company is one that differentiates itself by delivering the Highest Gross Margin Performance in the Industry!
Your Company is one that differentiates itself with consistent Execution, leaving 15 consecutive Profitable Quarters in its wake!
None of this is easy ...nothing worthwhile ever is! The competition is fierce and growing hungry for our success!
So what is RELM to do? ... Well ...Work harder, faster, longer and smarter than the competition!
We developed and introduced 12 new products in 2006 ...8 of which were P-25 digital product.
In 2007 we are focused and developing more new digital P-25 products ...our Next Generation that we believe will lead to greater market opportunities and continued Growth!
So ...you may ask ....What is the Promise of RELM?
It is a Promise of Performance .......not an empty promise ...a promise founded and grounded in 15 quarters of solid success!
A Promise based on Growth in Revenue, Margins, Profits and New Products!
A Promise to listen and respond to the needs of our Customers.
And most importantly ...never to become complacent; never to accept the status quo ...always to challenge ourselves to improve!
Basic ...Simple ... No Hype ...Just performance ........ That is the RELM PROMISE!
I thank you, our loyal shareholders for your continued faith and support in the Promise of RELM
Sincerely,
David P. Storey
President / C.E.O.
RELM Wireless Corp.
