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<div><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">7. Commitments and Contingencies</font></font></div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">   </font></div></div><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">               </font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The Company is subject to the environmental laws and regulations of the United States and the states in which it operates concerning emissions into the air, discharges into the waterways and the generation, handling and disposal of waste materials. The Company's past expenditures relating to environmental compliance have not had a material effect on the Company and are included in normal operating expenses. These laws and regulations are constantly evolving, and it is impossible to predict accurately the effect they may have upon the capital expenditures, earnings, and competitive position of the Company in the future. Based upon information currently available, management believes that expenditures relating to environmental compliance will not have a material impact on the financial position of the Company.</font></font></font></font></font></div><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt; font-weight: normal;">   </font>    The Company is subject to various claims and legal actions that arise in the ordinary course of business as well as various governmental audits and examinations. In the opinion of management, after consulting with legal counsel where applicable, the Company believes that the ultimate resolution of these claims, audits and legal actions will not have a material effect on the Consolidated Financial Statements of the Company.</font></font></font></font></font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div></div>
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Income Taxes</font></font></font></div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">   </font> Income tax (benefit) expense  consisted of the following:</font></font></div></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="75%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="51%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; 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font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2009</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="51%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Current (benefit) expense:</font></div></td><td width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: #e2eef6; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="left" colspan="2" valign="bottom" width="13%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" colspan="2" valign="bottom" width="13%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td align="left" valign="bottom" width="51%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Federal</font></div></td><td width="3%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="12%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(434,589</font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="12%" style="border-bottom: #ffffff;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(754,195</font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="12%" style="border-bottom: #ffffff;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(1,601,934</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="51%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">State</font></div></td><td width="3%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(243,583</font></font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(333,390</font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(170,248</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td></tr><tr><td align="left" valign="bottom" width="51%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Deferred (benefit) expense  </font></div></td><td width="3%" style="border-bottom: #ffffff 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(1,586,526</font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff 2px solid;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,571,336</font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff 2px solid;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: black 2px solid;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(13,957,990</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff 2px solid;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="51%" style="border-bottom: #e2eef6 solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td width="3%" style="border-bottom: #e2eef6 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="12%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(2,264,698</font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6 solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="12%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">483,751</font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6 solid;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="12%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(15,730,172</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6 solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr></table></div><div align="left" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Deferred tax assets and liabilities are as follows:</font></div><div align="left" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="center"><table cellpadding="0" cellspacing="0" width="64%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#ffffff"><td align="left" valign="bottom" width="75%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="6" valign="bottom" width="23%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">October 31,</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr bgcolor="#ffffff"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="top" width="11%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">(Restated)</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Deferred tax assets:</font></div></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="11%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Allowance for doubtful accounts</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">329,860</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">475,365</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Net operating loss carry forward</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,191,478</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,812,856</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Accrued vacation</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">316<font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">,953</font></font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">361,425</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Other accrued liabilities</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">595<font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">,519</font></font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">682,252</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Intangible assets </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">11,873,969</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,172,784</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Gross deferred tax assets</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">15,307,779</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">13,504,682</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Deferred tax liabilities:</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="padding-bottom: 2px;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Property and equipment</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(2,951,801</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(3,218,553</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="padding-bottom: 2px;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Gross deferred tax liability</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(2,951,801</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(3,218,553</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Net deferred tax asset before valuation allowance</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">12,355,978</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,286,129</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Valuation allowance:</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Beginning balance </font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">552,783</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">478,918</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="middle" width="75%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Increase during the period</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">44,928</font></td><td align="left" nowrap="nowrap" valign="top" width="1%" style="padding-bottom: 4px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">73,865</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="75%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Ending balance</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">597,711</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">552,783</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="75%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Net deferred tax asset </font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td align="right" valign="bottom" width="10%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">11,758,267</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,733,346</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr></table></div><div align="center"> </div><div><div align="left" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> The above net deferred tax asset is presented on the balance sheet as follows:</font></font></font></font></div></div></div><div><table cellpadding="0" cellspacing="0" width="56%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="top" width="18%" style="border-bottom: black 2px solid; text-align: center; padding-bottom: 2px;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td valign="bottom" width="4%" style="text-align: center; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="17%" style="border-bottom: black 2px solid; text-align: center; padding-bottom: 2px;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">(Restated)</font></div></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="61%" style="border-bottom: #e2eef6;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Deferred tax asset - current</font></div></td><td align="left" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="16%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">864,108</font></td><td align="right" valign="bottom" width="4%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="2%" style="text-align: left;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="15%"><div style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,363,195</font></font></div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Deferred tax assets -non-current  </font></td><td align="left" valign="bottom" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="16%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">10,894,159</font></td><td align="right" valign="bottom" width="4%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="2%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="15%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">8,370,151</font></font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="61%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="16%" style="border-bottom: black 4px double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">11,758,267</font></td><td align="right" valign="bottom" width="4%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="2%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="15%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,733,346</font></font></td></tr></table></div></div><div align="left" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">A reconciliation of the statutory federal income tax rate to the Company's effective income tax rate is as follows:</font></div><div align="left" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="70%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="64%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="10" valign="bottom" width="34%" style="border-bottom: 4px;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Year Ended October 31,</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2009</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td align="left" valign="bottom" width="64%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" colspan="2" valign="bottom" width="9%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" colspan="2" valign="bottom" width="9%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" colspan="2" valign="bottom" width="9%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #cceeff;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Statutory federal income tax rate</font></div></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;">(34<font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">.0</font></font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)%</font></font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">34.0</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">%</font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(34.0</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)%</font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: white;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">State taxes, net of federal benefit</font></div></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(5.2</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(22.1</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-right: 0pt;"><div align="right" style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(0.7</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #cceeff;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Change in valuation allowance</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">0.7</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">7.6</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="text-indent: 0pt; display: block; margin-right: 0pt;"><div style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.3</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: white;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Selling expenses</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1.3</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">7.2</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="text-indent: 0pt; display: block; margin-right: 0pt;"><div style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.2</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #cceeff;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Cash surrender value of life insurance accretion</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="background-color: #cceeff; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> -</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.4</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%"><div style="text-indent: 0pt; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">State apportionment and deferred tax adjustments</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(0.2</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">23.3</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(3.1</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%"><div style="text-indent: 0pt; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Federal and state tax net operating loss adjustments</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1.5</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">(0.1</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Other</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(0.4</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;"> (0.2</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.2</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="2%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #cceeff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Interest rate swap</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.4</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #cceeff solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Effective tax rate</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(36.3</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)%</font></font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 49.8</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">%</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(36.4</font></td><td align="left" nowrap="nowrap" valign="bottom" width="2%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)%</font></td></tr></table></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Income taxes (refunded) paid during the years ended <font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">October 31</font>, 2011, 2010 and 2009 approximated $(272,000), $(1,675,000), and $(572,000). The Company recorded an income tax refund at October 31, 2011 and 2010 of $9,000 and $36,000. Certain taxable losses for 2010 are carried back to previous years to the extent allowable by applicable tax laws. </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The Company's net operating losses are comprised of net operating losses from operations for both Federal and State as well as net operating losses of acquired companies. The tax affected benefit of these are reflected in the Financial Statements at $2.2 million or approximately $1.6 million net of valuation allowance. The Federal net operating losses may be carried forward 20 years and carried back 2 years whereas the State net operating losses generally cannot be carried back for the Company's purpose but can be carried forward 15-20 years. </font></font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;">                   <font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">In June 2006, the FASB issued ASC 740 , this interpretation clarifies the accounting for uncertainty in income taxes recognized in an enterprise's financial statements. The Company adopted the standard addressing "Accounting for Uncertainty in Income Taxes" effective November 1, 2007 with no effect on the Company's consolidated financial statements. As of the date of adoption, the Company had approximately $150,000 of unrecognized tax benefits, all of which would impact the effective tax rate if recognized. The Company was notified in December of 2011 and the examination commenced in December of 2011 by the IRS covering our fiscal year end 2010 federal income tax return. As of October 31, 2011, the Company is subject to U.S. Federal income tax examination for returns filed after October 31, 2008. State Income Tax returns are generally subject to a period of examination for a period of three to five years. Tax interest and penalties are classified as income taxes in the accompanying statements of income and were insignificant for all periods presented. There was no unrecognized tax benefit at October 31, 2011 and 2010. The Company is currently unable to assess whether any significant increase to the unrecognized tax benefit will be recorded during the next 12 months.</font></font></font></font></div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div>
9293
36293
4778052
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3000000
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572102
652178
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0
0
599281
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0
874397
33540000
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876145
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<div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">6. Related Party Transactions and Operating Lease Commitments</font></font></div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">   </font> The Company leases operating facilities from entities controlled by its Chief Executive Officer, his family and affiliates as well as facilities controlled by a Company owned by the former sole owner of Syscan </font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">pursuant to the acquisition of Syscan (see Note 8). The original terms of these leases, which are accounted for as operating leases, range from two to fifteen years.</font></font></font></font></font></div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">   </font> A summary of significant related party transactions follows:</font></font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="70%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="56%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td width="3%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="8" valign="bottom" width="40%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Year Ended October 31,</font></font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr><td align="left" valign="bottom" width="56%" style="border-bottom: #ffffff solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td width="3%" style="border-bottom: #ffffff 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2009</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="56%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 12pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Rent expense paid to affiliated entities</font></div></td><td width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="56%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 12pt;"><div align="left" style="line-height: 1.25; text-indent: -18pt; display: block; margin-left: 18pt; margin-right: 12pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">for operating facilities</font></div></div></td><td width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">517,000</font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">517,000</font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">367,000</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td align="left" valign="bottom" width="56%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 12pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Sales of office products, office furniture and printing services to affiliated entities</font></div></td><td width="3%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="10%" style="border-bottom: #ffffff; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">951,000</font></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: #ffffff;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">913,000</font></div></td><td align="left" valign="bottom" width="3%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="10%" style="border-bottom: #ffffff;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">861,000</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr></table></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">In addition, the Company leases property and equipment from unrelated entities under operating leases. Rent expense amounted to $683,000, $1,334,000, and $1,060,000 for the years ended October 31, 2011, 2010 and 2009.</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Under the terms and conditions of the above-mentioned leases, the Company is primarily responsible for all taxes, assessments, maintenance, repairs or replacements, utilities and insurance. The Champion Output Solutions' lease excludes taxes and insurance during the initial lease term. Champion Output Solutions subleases approximately 8,500 square feet at an annual rate of approximately $38,000 on a month to month basis. The Company has renewal options for certain leases covering varying periods.</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">In addition, the Company purchased vehicles from an entity controlled by family members of its Chief Executive Officer in the amounts of $223,000, $101,000, and $58,000 for the years ended October 31, 2011, 2010 and 2009. </font></div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Future minimum rental commitments for all non-cancelable operating leases including related party commitments with initial terms of one year or more consisted of the following at October 31, 2011:</font></div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: center; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="22%" style="text-align: center; font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff" style="text-align: center;"><td align="left" valign="bottom" width="37%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">2012</font></div></td><td align="left" valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="6%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> $</font></div></td><td align="right" valign="bottom" width="45%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">1,280,450</font></div></td><td align="left" valign="bottom" width="5%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="37%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">2013</font></div></td><td align="left" valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="6%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="right" valign="bottom" width="45%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">1,104,692</font></div></td><td align="left" valign="bottom" width="5%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="37%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">2014</font></div></td><td align="left" valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="6%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="right" valign="bottom" width="45%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">489,156</font></div></td><td align="left" valign="bottom" width="5%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="37%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">2015</font></div></td><td align="left" valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="6%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="right" valign="bottom" width="45%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">207,198</font></div></td><td align="left" valign="bottom" width="5%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="37%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">2016</font></div></td><td align="left" valign="middle" width="7%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="6%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="right" valign="bottom" width="45%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-</font></div></td><td align="left" valign="bottom" width="5%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="37%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="left" valign="middle" width="7%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td align="left" valign="bottom" width="6%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td align="right" valign="bottom" width="45%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">3,081,496</font></div></td><td align="left" valign="bottom" width="5%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr></table></div><div align="left" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Company participates in a self-insurance program for employee health care benefits with affiliates controlled by its Chief Executive Officer and as such is responsible for paying claims of Company participants as required by the plan document. The Company is allocated costs primarily related to the reinsurance premiums based on its proportionate share to provide such benefits to its employees. The Company's expense related to this program for the years ended October 31, 2011, 2010 and 2009 was approximately $4,813,000, $4,307,000, and $5,196,000.</font></div><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">During 2011, 2010 and 2009, the Company utilized an aircraft from an entity controlled by its Chief Executive Officer and reimbursed the controlled entity for the use of the aircraft, fuel, aircrew, ramp fees and other expenses attendant to the Company's use, in amounts aggregating $110,000, $47,000, and $49,000. The Company believes that such <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">amounts are at or below the market rate charged by third-party commercial charter companies for similar aircraft.</font></font></div></div><div align="left" style="text-align: center; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">               </font></font></font></font></div><div align="left" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font>    The Company exercised its option to purchase a building at 3000 Washington Street, Charleston, WV on June 16, 2009. The Company assigned its option to a related party purchaser and leased the building back from the related party for a period of five years with a call option to purchase the building within the new five year lease period which commenced October 27, 2009 for $1.5 million.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">   </font>On December 29, 2009, the Company, Marshall T. Reynolds, Fifth Third Bank, as Administrative Agent for lenders under the Company's Credit Agreement dated September 14, 2007, and the other lenders entered into a Forbearance Agreement. The Forbearance Agreement, among other provisions, required Marshall T. Reynolds to lend to the Company $3,000,000 in exchange for a subordinated unsecured promissory note in like amount, payment of principal and interest on which is prohibited until payment of all liabilities under the Credit Agreement. The subordinated unsecured promissory note, bearing interest at a floating Wall Street Journal prime rate and maturing September 14, 2014, and a debt subordination agreement, both dated December 29, 2009, were executed and delivered, and Mr. Reynolds advanced $3,000,000 to the Company. The $3,000,000 was applied to prepayment of $3,000,000 of the Company's loans.  <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Forbearance Agreement expired on March 31, 2010 and the Company entered into a Second Amendment and Waiver to Credit Agreement.</font></font></font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">                 </font></font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">                On July 18, 2011, the Company and Mr. Reynolds entered into and consummated an Exchange Agreement pursuant to which the $3,000,000 subordinated unsecured promissory note, dated December 29, 2009 and delivered in connection with the Forbearance Agreement, together with $147,875 in accrued interest, was exchanged for 1,311,615 shares of common stock. The ratio of exchange was $2.40 of principal and accrued interest for one share of common stock. The transaction was completed at a discount of approximately 42.5% of the face value of the subordinated unsecured promissory note and related accrued interest. The transaction was approved by a majority of the disinterested directors in a separate board meeting chaired by a disinterested director. The transaction resulted in a net gain on early extinguishment of debt from a related party which is reflected in our consolidated statements of operations. As a result of the Exchange Agreement, Marshall T. Reynolds beneficially owns over 50% of the Company's outstanding common stock.</font></font></div></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">     </font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">             As required by the Second Amendment, the Company, Marshall T. Reynolds and the Administrative Agent entered into a Contribution Agreement and Cash Collateral Security Agreement dated March 31, 2010 (the “Contribution Agreement”) pursuant to which Mr. Reynolds deposited $2,500,000 as cash collateral with the Administrative Agent, which the Administrative Agent may withdraw upon an event of default under the Credit Agreement. This cash collateral is in an account in Mr. Reynolds name with the Administrative Agent and is not reflected on the Company's financial statements at October 31, 2011 and 2010.</font></font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">              In connection with the Contribution Agreement, the Company has executed and delivered to Mr. Reynolds a Subordinated Promissory Note in an amount up to $2,500,000 (or less, based on draws by the Administrative Agent pursuant to the terms of the Contribution Agreement), payment of principal and interest on which is prohibited prior to January 31, 2011, and thereafter only with the Administrative Agent's consent. The amount, if any, owed under the Subordinated Promissory Note is contingent upon a draw having been made under the Contribution Agreement. This promissory note was unfunded at the issuance date and at October 31, 2011 and 2010 and therefore there is no outstanding subordinated debt or accrued interest related to this note, because the Administrative Agent has made no draws on the cash collateral at the issuance date through October 31, 2011. The Subordinated Promissory Note bears interest at the Wall Street Journal prime rate (3.25% at inception and at October 31, 2011 and 2010), matures September 14, 2014 and is unsecured. In the event of a draw under the terms of the Contribution Agreement, the cash proceeds shall be deemed to be a subordinated loan made by Mr. Reynolds to the Company. Pursuant to the terms of the Contribution Agreement, the triggers which may require a draw and subsequent issuance of subordinated debt include a payment violation, a fixed charge coverage ratio violation and a delivery violation by the Company failing to deliver a Compliance Certificate to the Administrative Agent when due under the Credit Agreement. Upon a draw on Mr. Reynolds' cash collateral account, he is deemed to have made a loan in like amount under the Contribution Agreement and Subordinated Promissory Note, in amounts up to $2.5 million, the proceeds of which will be used by the Administrative Agent to repay outstanding term loans in the inverse order of maturity.</font></div><div style="text-indent: 0pt; display: block;"><br /><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">             On December 28, 2011, pursuant to the terms of the Limited Forbearance Agreement, a draw of $2.0 million was made on the cash collateral and $2.0 million was funded in the form of the subordinated unsecured promissory note.</font></div></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font> Mr. Reynolds has granted the Administrative Agent a first priority security interest in the cash collateral. </font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font> The Company believes that the terms of its related party transactions are no less favorable to the Company than could be obtained with an independent third party.</font></font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div></div></div>
34240000
50560000
1000000
5919470
11043871
7199497
571746
1812325
0
<div><div align="left" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font size="2" style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">10. </font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Restructuring and Other Charges</font></font></font></font></font></font></font></font></div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font> In fiscal 2010 and 2011, the Company recorded charges related to a restructuring and profitability enhancement plan. This plan was implemented to effectuate certain key initiatives and was an integral component of the Second Amendment and Waiver to the Credit Agreement (Second Amendment). These actions were taken to comply with the provisions and targeted covenants of the Second Amendment and to address the impact of the global economic crisis on the Company. The Company may incur additional costs in future periods to address the ongoing and fluid nature of the economic crisis, <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">and may incur costs pursuant to certain initiatives being reviewed in accordance with the provisions of the Limited Forbearance Agreement.</font><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The charges incurred in 2011 also related to revisions in targeted cash flows related to sublease rentals. The Company believes the economic environment has contributed to the inability to achieve sublease rentals. The Company also incurred charges in 2011 related to revised estimates for aggregate facility exposure costs including rent, taxes, insurance and maintenance related costs. T</font>he amount of future charges is currently not estimable by the Company. </font></font></font></font></div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font> The plan was implemented to address several key initiatives, including streamlining production and administrative operations and headcount reductions. The aggregate pre-tax charge resulting from these actions was $2.4 million ($1.4 million after tax or $0.14 per share on a basic and diluted basis). The charges were comprised of $1.6 million associated with excess facility and maintenance costs, primarily related to operating leases, inventory related costs of $200,000 and costs associated with streamlining production and personnel related separation costs of $565,000. The costs associated with the restructuring and profitability enhancement plan are primarily recorded in the restructuring charges line item as part of operating income. Inventory is recorded as a component of cost of sales.</font></font></font></font></div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font> The following information summarizes the costs incurred with respect to restructuring, integration and other charges during the three and twelve months ended October 31, 2011 and 2010, as well as the cumulative total of such costs representing fiscal 2011 and fiscal 2010, respectively, and such<font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> costs are included as a component of </font></font></font></font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">the printing segment:</font></font></font></font><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-weight: bold;"><br /></font></font></div></div><div style="text-align: justify; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="70%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="white"><td valign="middle" width="40%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td colspan="3" valign="middle" width="21%" style="text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Three <br />Months<br />Ended</font></div></td><td valign="middle" width="2%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="1%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="3" valign="middle" width="21%" style="text-align: center;"><div> </div><div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Twelve</font></div><div><font style="font-family: Times New Roman; font-size: 10pt;">Months</font></div><div><font style="font-family: Times New Roman; font-size: 10pt;">Ended</font></div></td><td valign="middle" width="2%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="1%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="10%" style="text-align: center;"><div> </div><div><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Cumulative</font></div><div><font style="font-family: Times New Roman; font-size: 10pt;">Total </font></div></td></tr><tr bgcolor="#cceeff"><td valign="middle" width="40%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="10%" style="border-bottom: black 2px solid; text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  October 31, 2011</font></td><td valign="middle" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="10%" style="border-bottom: black 2px solid; text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  October 31, 2010</font></td><td valign="middle" width="2%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="10%" style="border-bottom: black 2px solid; text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> October 31, 2011</font></td><td valign="middle" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="10%" style="border-bottom: black 2px solid; text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> October 31, 2010</font></td><td valign="middle" width="2%" style="text-align: center; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="10%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="middle" width="40%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Occupancy and equipment related costs</font></div></td><td align="left" valign="middle" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="bottom" width="10%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">322,237</font></div></td><td valign="bottom" width="1%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="bottom" width="10%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-</font></div></td><td valign="bottom" width="2%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$ </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">445,790</font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$ </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 1,173,175</font></td><td valign="bottom" width="2%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$ </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 1,618,965</font></td></tr><tr bgcolor="#cceeff"><td valign="middle" width="40%" style="text-align: left;"><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Costs incurred to streamline production, </font></div><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">personnel and other</font></div></td><td valign="middle" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="10%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-</font></div></td><td valign="bottom" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="10%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">103,651</font></div></td><td valign="bottom" width="2%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 97,105</font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 467,621</font></td><td valign="bottom" width="2%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 564,726</font></td></tr><tr bgcolor="white"><td valign="middle" width="40%" style="text-align: left; padding-bottom: 2px;"><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Inventory</font></div></td><td valign="middle" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-</font></div></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-</font></div></td><td valign="bottom" width="2%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 28,851</font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 171,529</font></td><td valign="bottom" width="2%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="10%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 200,380</font></td></tr><tr bgcolor="#cceeff"><td valign="middle" width="40%" style="text-align: left; padding-bottom: 4px;"><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Total</font></div></td><td valign="middle" width="1%" style="text-align: left; padding-bottom: 4px;"><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">322,237</font></div></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></div></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">103,651</font></div></td><td valign="bottom" width="2%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$ </font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> 571,746</font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$ </font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> 1,812,325</font></td><td valign="bottom" width="2%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$ </font></td><td valign="bottom" width="10%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> 2,384,071</font></td></tr></table></div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font> The activity pertaining to the Company's accruals related to restructuring and other charges since October 31, 2009, including additions and payments made are summarized below:</font></font></font></font></div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="center"><table cellpadding="0" cellspacing="0" width="68%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#ffffff"><td valign="middle" width="33%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="6%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="15%" style="text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Occupancy  and equipment related costs</font></div></td><td valign="middle" width="7%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="16%" style="text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Costs incurred to streamline production, personnel and other</font></div></td><td valign="middle" width="7%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="15%" style="text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Total</font></div></td><td valign="middle" width="7%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="middle" width="33%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="6%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="15%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="16%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="15%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="middle" width="33%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2009</font></div></td><td valign="middle" width="6%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="middle" width="15%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-  </font></div></td><td valign="middle" width="7%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="middle" width="16%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">- </font></div></td><td valign="middle" width="7%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="middle" width="15%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">- </font></div></td><td valign="middle" width="7%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="middle" width="33%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">2010 expenses</font></div></td><td valign="middle" width="6%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="15%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">1,173,175</font></div></td><td valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="16%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">467,621</font></div></td><td valign="middle" width="7%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="15%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">1,640,796</font></div></td><td valign="middle" width="7%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="middle" width="33%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Paid in 2010</font></div></td><td valign="middle" width="6%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="middle" width="15%" style="border-bottom: black 2px solid; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">(135,627</font></div></td><td valign="middle" width="7%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">)  </font></td><td valign="middle" width="16%" style="border-bottom: black 2px solid; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">(459,159</font></div></td><td valign="middle" width="7%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">)  </font></td><td valign="middle" width="15%" style="border-bottom: black 2px solid; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">(594,786</font></div></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">) </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="middle" width="33%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2010</font></div></td><td valign="middle" width="6%" style="text-align: right; padding-bottom: 4px;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="middle" width="15%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">1,037,548</font></div></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="middle" width="16%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">8,462</font></div></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="middle" width="15%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">1,046,010</font></div></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="middle" width="33%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="6%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="15%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="16%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="15%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="middle" width="33%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 2011 expenses</font></td><td valign="middle" width="6%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> $</font></td><td valign="middle" width="15%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">445,790</font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> $</font></td><td valign="middle" width="16%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 97,105</font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> $</font></td><td valign="middle" width="15%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">542,895</font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="middle" width="33%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> Paid in 2011</font></td><td valign="middle" width="6%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="15%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> (477,986</font></td><td valign="middle" width="7%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">) </font></td><td valign="middle" width="16%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> (189,495</font></td><td valign="middle" width="7%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">) </font></td><td valign="middle" width="15%" style="text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> (667,481</font></td><td valign="middle" width="7%" style="text-align: left; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">) </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="middle" width="33%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> Reclassifications</font></td><td valign="middle" width="6%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="15%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> (139,503</font></td><td valign="middle" width="7%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">) </font></td><td valign="middle" width="16%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> 139,503</font></td><td valign="middle" width="7%" style="text-align: left; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="middle" width="15%" style="border-bottom: black 2px solid; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> -  </font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="middle" width="33%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> Balance at October 31, 2011</font></td><td valign="middle" width="6%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></font></td><td valign="middle" width="15%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">865,849</font></font></font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></font></font></td><td valign="middle" width="16%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">55,575</font></font></font></font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> $</font></td><td valign="middle" width="15%" style="border-bottom: black 4px double; text-align: right;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">921,424</font></td><td valign="middle" width="7%" style="text-align: right; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td></tr></table></div></div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: times new roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-weight: bold;"><br /></font></font> </div><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> <font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt;">   </font> During 2011, 2010 and 2009, the U.S. recession had a negative impact on the Company's operations across multiple segment lines. The newspaper operating segment reflected lower operating revenues in both advertising and circulation. In response to this difficult operating environment the Company initiated a cost reduction plan and eliminated 24 employee positions, or approximately 15% of the workforce, at the Champion Publishing subsidiary in 2009.</font></div><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div></div>
9369018
1640795
41333653
-13638306
-9662263
128520739
129933571
141258121
34545733
33437588
35874431
<div><div align="left" style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2. Inventories</font></div><div align="left" style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">   </font> Inventories consisted of the following:</font></font></font></font></font></font></div><div align="left" style="text-align: justify; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt; font-weight: normal;">   </font><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt; font-weight: normal;">   </font></font></font></font></font></div><div align="left"><table bgcolor="white" cellpadding="0" cellspacing="0" width="60%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="white"><td valign="bottom" width="70%" style="padding-bottom: 2px;"><div> </div></td><td valign="bottom" width="1%" style="text-align: center; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="6" valign="bottom" width="28%" style="border-bottom: black 2px solid; text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">October 31, </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: center; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="text-align: center; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid; text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: center; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: center; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid; text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: center; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="70%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Printing and Newspaper:<font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt; font-weight: normal;">   </font>  </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="13%"><div style="text-align: right;"> </div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="13%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;">    Raw materials<font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt; font-weight: normal;">   </font></font></font></font></font></font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td align="right" valign="bottom" width="12%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,415,701</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="12%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2,897,036</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="70%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Work in process</font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="text-align: right;"><div><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,252,170</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="text-align: right;"><font style="background-color: #cceeff; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,130,291</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Finished goods</font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,975,769</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 3,451,815</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="70%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Office products and office furniture</font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,254,086</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="12%" style="border-bottom: black 2px solid; text-align: right;"><font style="background-color: #cceeff; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 2,211,191</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="70%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td align="right" valign="bottom" width="12%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">8,897,726</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> $</font></td><td align="right" valign="bottom" width="12%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,690,333</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="text-align: right; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr></table></div></div>
<div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Schedule II</font></font></font></font></font></font></div></div></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Valuation and Qualifying Accounts</font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Years Ended October 31, 2011, 2010 and 2009</font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr><td valign="bottom" width="30%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Description</font></font></font></font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Balance at beginning of period</font></font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Balances of acquired companies</font></font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Additions charged to costs and expense</font></font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;">Deductions<font style="font-size: 70%; vertical-align: text-top; font-weight: bold;">(1)</font></font></font></font></font></font></font></font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Balance at end of period</font></font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="30%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 2011</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" colspan="2" valign="bottom" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" colspan="2" valign="bottom" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" colspan="2" valign="bottom" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" colspan="2" valign="bottom" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" colspan="2" valign="bottom" width="10%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="30%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> Allowance for doubtful accounts</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">1,296,943</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">-   </font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">269,612</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">(633,373</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">933,182</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="30%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="30%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 2010</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="30%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> Allowance for doubtful accounts</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,353,021</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-   </font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">370,333</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(426,411</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,296,943</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="30%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="30%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 2009</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="30%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> Allowance for doubtful accounts</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,851,485</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-   </font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">876,145</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(1,374,609</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,353,021</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr></table></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-size: 70%; vertical-align: text-top; font-weight: normal;">(1)</font> Uncollectible accounts written off, net of recoveries.</font></font></font></font></font></div><br /></div>
<div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">9. Industry Segment Information</font></font></div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The Company operates principally in three industry segments organized on the basis of product lines: the production, printing and sale, principally to commercial customers, of printed materials (including brochures, pamphlets, reports, tags, continuous and other forms); the sale of office products and office furniture including interior design services; and publication </font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">of The Herald-Dispatch daily newspaper in Huntington, West Virginia with a total daily and Sunday circulation of approximately 24,000 and 30,000 respectively. The Company employs approximately 660</font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">people, of whom approximately 10 or 2%, are covered by collective bargaining agreements, which expire December 31, 2013<font style="display: inline; font-family: Times New Roman; font-size: 10pt;">.</font></font></font></font></font></font></div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">               The Company reports segment information in a manner consistent with the way that our management, including our chief operating decision maker, the Company's Chief Executive Officer, assesses performance and makes decisions regarding allocation of resources in accordance with the Segment Disclosures Topic of the ASC.</font></div><div style="text-indent: 0pt; display: block;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">                Our Financial Reporting systems present various data, which is used to operate and measure our operating performance. Our chief operating decision maker utilizes various measures of a segment's profit or loss including historical internal reporting measures and reporting measures based on product lines with operating income (loss) as the key profitability measure within the segment. Product line reporting is the basis for the organization of our segments and is the most consistent measure used by the chief operating decision maker and conforms with the use of segment operating income or (loss) that is the most consistent with those used in measuring like amounts in the Consolidated Financial Statements.</font></div><div style="text-indent: 0pt; display: block;"><br /><font style="font-family: Times New Roman; font-size: 10pt;">                The identifiable assets are reflective of non-GAAP assets reported on the Company's internal balance sheets and are typically adjusted for negative book cash balances, taxes and other items excluded for segment reporting. The total assets reported on the Company's balance sheets as of October 31, 2011, 2010 and 2009 are $82,024,282, $92,452,662, and $101,240,569. The identifiable assets reported below represent $70,266,015, $82,813,827, and $90,310,975.  </font></div><div style="text-indent: 0pt; display: block;"> </div></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The table below presents information about reported segments for the years ended October 31:<br /></font></div><div align="center" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table border="0" cellpadding="0" cellspacing="0" width="85%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="50%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></div></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="12%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Printing</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="3" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Office Products & Furniture</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Newspaper</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Total</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Revenues</font></font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">84,341,311</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">41,098,106</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">14,883,251</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">140,322,668</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Elimination of intersegment revenue</font></font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> (5,249,556</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">) </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> (6,552,373</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">) </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">-    </font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> (11,801,929</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">) </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Consolidated revenues</font></font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="11%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">79,091,755</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">34,545,733</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">14,883,251</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">128,520,739</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Operating income (loss)</font></font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">196,761</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,397,703</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(6,383,271</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">) </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(3,788,807</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">) </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Depreciation & amortization</font></font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,809,242</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">135,426</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,141,709</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">4,086,377</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Capital expenditures</font></font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,356,024</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">77,336</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">54,178</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,487,538</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Identifiable assets</font></font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">37,309,466</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">7,795,715</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">25,160,834</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">70,266,015</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Goodwill</font></font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,226,837</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,230,485</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">9,510,933</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: bold; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">12,968,255</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="50%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: black 2px solid;"><div><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2010</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="12%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Printing</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" colspan="3" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Office Products & Furniture</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Newspaper</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Total</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Revenues</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">90,106,896</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">39,691,717</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">15,525,399</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">145,324,012</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Elimination of intersegment revenue</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(9,136,312</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">)</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> (6,254,129</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> (15,390,441</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Consolidated revenues</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="11%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">80,970,584 </font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">33,437,588</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">15,525,399</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">129,933,571</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Operating income </font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">180,802</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2,055,990</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">3,136,502</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">5,373,294</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Depreciation & amortization</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">3,033,232</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">131,529</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,135,901</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">4,300,662</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Capital expenditures</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">742,458</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">53,556</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">59,496</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">855,510</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Identifiable assets</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">40,203,824</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">7,558,086</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">35,051,917</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">82,813,827</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Goodwill</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2,226,837</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,230,485</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">11,874,961</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">15,332,283</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td valign="bottom" width="50%" style="border-bottom: black 2px solid;"><div><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2009</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="12%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Printing</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" colspan="3" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Office Products & Furniture</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Newspaper</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Total</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Revenues</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">99,463,762</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">42,518,613</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> $</font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">16,393,896</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">158,376,271</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Elimination of intersegment revenue</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">(10,473,968</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">)</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">(6,644,182</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">(17,118,150</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: white solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Consolidated revenues</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="11%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">88,989,794</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">35,874,431</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> $</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">16,393,896</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">141,258,121</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Operating (loss) income</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">(1,166,528</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">) </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">2,284,729</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(38,711,612</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">(37,593,411</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;">) </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Depreciation & amortization</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">3,370,162</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">168,659</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,706,117</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">5,244,938</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Capital expenditures</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">2,606,836</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">143,533</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">60,167</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">2,810,536</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="50%" style="border-bottom: white;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Identifiable assets</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">34,276,584</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">8,757,366</font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">47,277,025</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">90,310,975</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr><tr><td align="left" valign="bottom" width="50%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Goodwill</font></div></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="11%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">2,226,837</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">1,230,485</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">11,874,961</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="left" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0px; display: block; margin-right: 0px;"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal; margin-right: 0px;">15,332,283</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="text-indent: 0px; display: inline; font-family: Times New Roman; margin-left: 0px; font-size: 10pt; font-weight: normal; margin-right: 0px;"> </font></td></tr></table></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="center" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"> </div></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">A reconciliation of total segment revenue, assets and operating (loss) income  to consolidated (loss) income before income taxes for the years ended October 31, 2011, 2010 and 2009 is as follows: </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="85%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -1.5pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -1.5pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: -1.5pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2009</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Revenues:</font></div></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 9pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Total segment revenues</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">140,322,668</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">145,324,012</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">158,376,271</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: -10.5pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Elimination of intersegment revenue</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(11,801,929</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(15,390,441</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(17,118,150</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Consolidated revenue</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">128,520,739</font></font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">129,933,571</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">141,258,121</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Operating (loss) income :</font></div></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Total segment operating (loss) income </font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(3,788,807</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">5,373,294</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(37,593,411</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Interest income</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">- </font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2,771</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Interest expense - related party</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(65,316</font></font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">) </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(82,334</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">) </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Interest expense</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(3,823,465</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="background-color: #cceeff; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(5,332,116</font></font></font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(5,184,668</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Gain on early extinguishment of debt from a related party</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,337,846</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Other income (loss) </font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">99,001</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,013,041</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(475,488</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Consolidated (loss) income before income taxes</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(6,240,741</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">) </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">971,885</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(43,250,796</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Identifiable assets:</font></div></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Total segment identifiable assets</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">70,266,015</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">82,813,827</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">90,310,975</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="64%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Elimination of intersegment assets</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">11,758,267</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,638,835</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: #000000 2px solid; padding-bottom: 2px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,929,594</font></font></div></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="64%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Total consolidated assets</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">82,024,282</font></font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">92,452,662</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">101,240,569</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr></table></div></div>
31228524
31608843
37126228
<div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">11. Acquired Intangible Assets and Goodwill</font></font></div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="85%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="52%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="6" valign="bottom" width="22%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="6" valign="bottom" width="22%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td align="left" valign="bottom" width="52%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Gross</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Gross</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td align="left" valign="bottom" width="52%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Carrying </font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Accumu</font>lated</font></font></font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Carrying </font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Accumulated</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td align="left" valign="bottom" width="52%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Amount</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Amortization</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Amount</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Amortization</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="52%" style="border-bottom: 4px;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortizable <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">intangible assets:</font></font></font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" colspan="2" valign="bottom" width="10%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="52%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Non-compete agreement</font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,000,000</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,000,000</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">1,000,000</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">880,952</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="52%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Customer relationships </font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,451,073</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> 904,837</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">2,451,073</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">782,739</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="52%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Advertising and subscriber base</font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">4,989,768</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> 1,804,660</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">4,989,768</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,656,997</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="52%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Other</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">564,946</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">518,238</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">564,946</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">489,738</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="52%" style="border-bottom: #ffffff;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">9,005,787</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> 4,227,735</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">9,005,787</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">3,810,426</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="52%" style="border-bottom: #e2eef6;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="52%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;">Unamortizable <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">intangible assets:</font></font></font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="52%"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 9pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Goodwill</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">13,475,533</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">507,278</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">15,839,561</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">507,278</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="52%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">    Trademark and masthead</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">3,648,972</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,001,812</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="52%" style="padding-bottom: 2px;"><div style="text-indent: 0pt; margin-left: 9pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt;"> <font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">17,124,505</font></font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">507,278</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="background-color: #cceeff; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">25,841,373</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="background-color: #cceeff; display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">507,278</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="52%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="52%" style="border-bottom: #e2eef6 solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> Total goodwill and other intangibles</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">26,130,292</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">4,735,013</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt;">34,847,160</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt;">4,317,704</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="52%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr></table></div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">   </font> In connection with our annual impairment testing of goodwill and other intangible assets conducted in the fourth quarter of 2009, we recorded a charge of $41.1 million ($25.5 million, net of deferred tax benefit) for impairment of the value of the goodwill and other intangible assets, which resulted from the 2007 acquisition of The Herald-Dispatch daily newspaper in Huntington, WV. This charge resulted in impairment charges of trademark and masthead of $8.5 million, subscriber base asset of $2.2 million, advertiser base asset $6.8 million and goodwill $23.6 million. The associated deferred tax benefit of these charges approximated $15.6 million. There were no impairment charges as a result of our annual impairment testing in 2010.</font></font></font></font></div><div align="left" style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">   </font><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">In connection with our annual impairment testing of goodwill and other intangible assets conducted in the fourth quarter of 2011, we recorded a charge of $8.7 million ($5.4 million, net of deferred tax benefit) for impairment of the value of the goodwill and other intangible assets, which resulted from the 2007 acquisition of The Herald-Dispatch daily newspaper in Huntington, WV. This charge resulted in impairment charges of trademark and masthead of $6.3 million and goodwill of $2.4 million. The associated deferred tax benefit of these charges approximated $3.3 million. There were no impairment charges as a result of our annual impairment testing in 2010.</font></div></div></div><div style="text-indent: 0pt; display: block;"><font style="font-family: Times New Roman; font-size: 10pt;">               </font></div><div style="text-indent: 0pt; display: block;"><font style="font-family: Times New Roman; font-size: 10pt;">              The Company determined that it should perform impairment testing of goodwill and intangible assets during the fourth quarter of 2011 and 2009, due, in part, to declines in our stock price, increased volatility in operating results and declines in market transactions in the industry.  <font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The valuation methodology utilized to estimate the fair value of the newspaper operating segment was based on both the market and income approach. The implied fair values of goodwill and other intangibles for this reporting unit was less than the carrying amount for both 2011 and 2009 based on the analysis by the Company and with assistance of third party valuation specialists, and therefore an impairment charge was taken. <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Valuation Specialist considered three approaches to value referred to as the income approach, the market approach, and the cost approach.  The income approach was based on a discounted cash flow methodology, in which expected future free net cash flows to invested capital are discounted to present value, using an appropriate after-tax weighted average cost of capital.  The market approach using guideline company analysis weighs empirical evidence from shares of comparable companies sold in minority transactions on stock exchanges and merger and acquisition analysis, which analyses sales of newspapers in control transactions.  The cost approach was not employed due to the fact it was not deemed relevant.  </font>The goodwill and other intangible assets will continue to be amortized for tax purposes over its remaining life in accordance with applicable internal revenue service standards. </font></font></font></font></div></div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">  </font></font></font></font></div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">                During 2009, the U.S. recession had a negative impact on the Company's operations across multiple segment lines. The newspaper operating segment reflected lower operating revenues in both advertising and circulation. In response to this difficult operating environment the Company initiated a cost reduction plan and eliminated 24 employee positions, or approximately 15% of the workforce, at the Champion Publishing subsidiary.</font></font></font><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt; font-weight: normal;"> </font><font style="font-family: Times New Roman; letter-spacing: 9pt; font-size: 10pt; font-weight: normal;"> </font></font></font></font></font></div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The Company has other reporting units with Goodwill. The Company evaluated these reporting units during the fourth quarter of 2011 and 2010, and while the estimated fair value of these reporting units declined from 2008, the estimated carrying value of each of our other reporting units exceeded their carrying values in 2011 and 2010. As a result, no additional testing or impairment charges were necessary.   </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Amortization expense for the years ended October 31, 2011, 2010 and 2009 was $422,000, $450,000, and $1,034,000 respectively. A non-compete agreement is being amortized over a period of seven years and the customer relationships are being amortized over a period of 20 years. These items are both related to the acquisition of Syscan in 2004. The advertising and subscribers bases related to the acquisition of The Herald-Dispatch are being amortized over 25 and 20 years respectively. The trademark and masthead associated with the acquisition of The Herald-Dispatch are non-amortizing assets. The weighted average remaining life of the Company's amortizable intangible assets was approximately 17 years. Estimated amortization expense for each of the following years is:</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="25%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="15%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2012</font></div></td><td width="2%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> $</font></td><td align="right" valign="bottom" width="6%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">292,760</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="15%" style="border-bottom: #ffffff;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2013</font></div></td><td width="2%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="6%" style="border-bottom: #ffffff;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">287,261</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="15%" style="border-bottom: #e2eef6;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2014</font></div></td><td width="2%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="6%" style="border-bottom: #e2eef6;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">275,970</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="15%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2015</font></div></td><td width="2%" style="border-bottom: #ffffff solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="6%" style="padding-bottom: 4px;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">269,761</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="15%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2016</font></td><td width="2%" style="border-bottom: #ffffff solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="6%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;">269,761</font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="15%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Thereafter</font></td><td width="2%" style="border-bottom: #ffffff solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #000000 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="6%" style="border-bottom: #000000 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt;">3,382,539</font></td><td align="left" valign="bottom" width="1%" style="border-bottom: #ffffff solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="15%" style="border-bottom: #e2eef6 solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td width="2%" style="border-bottom: #e2eef6 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="6%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">4,778,052</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: #e2eef6 solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr></table></div><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The changes in the carrying amount of goodwill, trademark and masthead and other amortizing intangibles for the years ended October 31, 2011 and 2010 were:</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div><font style="font-family: Times New Roman; font-size: 10pt;">Goodwill:</font></div><div align="left"><table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-style: italic; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Printing</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Office Products and Furniture</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Newspaper</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Total</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Balance as of October 31, 2009</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Goodwill</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">2,226,837</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,230,485</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">35,437,456</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">38,894,778</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="padding-bottom: 2px; text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Accumulated impairment losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(23,562,495</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(23,562,495</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">2,226,837</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,230,485</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">11,874,961</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">15,332,283</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Goodwill acquired Fiscal 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Impairment losses Fiscal 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Goodwill</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">2,226,837</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,230,485</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">35,437,456</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">38,894,778</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="padding-bottom: 2px; text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Accumulated Impairment losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(23,562,495</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(23,562,495</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">2,226,837</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,230,485</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">11,874,961</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">15,332,283</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Goodwill acquired Fiscal 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Impairment losses Fiscal 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(2,364,028</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(2,364,028</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Goodwill</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">2,226,837</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,230,485</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">35,437,456</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">38,894,778</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; padding-bottom: 2px; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> Accumulated Impairment Losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(25,926,523</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(25,926,523</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; padding-bottom: 4px; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2,226,837</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,230,485</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">9,510,933</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">12,968,255</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr></table></div><div> </div><div><div><font style="font-family: Times New Roman; font-size: 10pt;">Trademark and Masthead:</font></div><div align="left"><table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-style: italic; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Printing</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Office Products and Furniture</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Newspaper</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Total</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Balance as of October 31, 2009</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Trademark and Masthead</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">18,515,316</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">18,515,316</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="padding-bottom: 2px; text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Accumulated impairment losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(8,513,504</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(8,513,504</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">10,001,812</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">10,001,812</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Trademark and Masthead acquired Fiscal 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Impairment losses Fiscal 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Trademark and Masthead</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">18,515,316</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">18,515,316</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="padding-bottom: 2px; text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Accumulated Impairment losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(8,513,504</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(8,513,504</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">10,001,812</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">10,001,812</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Trademark and Masthead acquired Fiscal 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Impairment losses Fiscal 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(6,352,840</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(6,352,840</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Trademark and Masthead</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">18,515,316</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">18,515,316 </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; padding-bottom: 2px; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> Accumulated Impairment Losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(14,866,344</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> (14,866,344</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; padding-bottom: 4px; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">3,648,972</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">3,648,972</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr></table></div><div> </div></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div><div style="text-align: left;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Amortizing Intangible Assets (net of amortization expense):</font></div><div align="left"><table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-style: italic; font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Printing</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Office Products and Furniture</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Newspaper</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td colspan="2" valign="bottom" width="10%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">Total</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Balance as of October 31, 2009</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-indent: 18pt;"><div style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortizing Intangible Assets (net of amortization expense)</font></div></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">799,841</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,364,803</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">12,531,918</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">14,696,562</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="padding-bottom: 2px; text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Accumulated <font style="font-family: Times New Roman; font-size: 10pt;">impairment losses</font></font></font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(9,051,484 </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(9,051,484</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">799,841</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,364,803</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">3,480,434</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">5,645,078</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%"><div style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortizing Intangible Assets (net of amortization expense)</font></div><font style="font-family: Times New Roman; font-size: 10pt;">acquired Fiscal 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Impairment losses Fiscal 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortization expense</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">125,862</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">176,195</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">147,660</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">449,717 </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%"><font style="font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2010</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-indent: 18pt;"><div style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortizing Intangible Assets (net of amortization expense)</font></div></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">673,979</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,188,608</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">12,384,258</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">14,246,845</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="padding-bottom: 2px; text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Accumulated Impairment losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(9,051,484</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(9,051,484</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-indent: 18pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">673,979</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,188,608</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">3,332,774</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">5,195,361</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortizing Intangible Assets (net of amortization expense)</font></div><font style="font-family: Times New Roman; font-size: 10pt;">acquired Fiscal 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Impairment losses Fiscal 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortization expense</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">109,281</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">160,362</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">147,666</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">417,309</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Balance at October 31, 2011</font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">Amortizing Intangible Assets (net of amortization expense)</font></div></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">564,698</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,028,246</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">12,236,592</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">13,829,536</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="52%" style="text-align: left; padding-bottom: 2px; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Accumulated Impairment Losses</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(9,051,484</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></td><td valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 2px solid; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="9%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">(9,051,484</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">) </font></td></tr><tr bgcolor="white"><td valign="bottom" width="52%" style="text-align: left; padding-bottom: 4px; text-indent: 18pt; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">564,698</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">1,028,246</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">3,185,108</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td valign="bottom" width="1%" style="border-bottom: black 4px double; text-align: left;"><font style="font-family: Times New Roman; font-size: 10pt;">$</font></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> 4,778,052</font></td><td nowrap="nowrap" valign="bottom" width="1%" style="text-align: left; padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr></table></div></div></div><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: center;"> </div><div style="text-align: left;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">A summary of impairment charges is included in the table below:</font></font></font></div><div style="text-align: left;"><div align="center"><table bgcolor="white" cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td width="54%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;">2011</font></td><td width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> 2010</font></td><td width="1%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="text-align: center;"><font style="font-family: Times New Roman; font-size: 10pt;"> 2009</font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td width="54%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td width="54%"><font style="font-family: Times New Roman; font-size: 10pt;">Goodwill</font></td><td width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> $</font></td><td width="14%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> 2,364,028</font></td><td width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> $</font></td><td width="14%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td width="1%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> $</font></td><td width="14%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">23,562,495</font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td width="54%"><font style="font-family: Times New Roman; font-size: 10pt;">Other intangibles</font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> 9,051,484</font></td><td width="1%"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="#cceeff"><td width="54%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">Trademark & masthead</font></td><td width="1%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> 6,352,840</font></td><td width="1%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td width="1%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="14%" style="border-bottom: black 2px solid; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> 8,513,504</font></td><td width="1%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr><tr bgcolor="white"><td width="54%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td><td width="1%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> $</font></td><td width="14%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;">8,716,868</font></td><td width="1%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> $</font></td><td width="14%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> -</font></td><td width="1%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> $</font></td><td width="14%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt;"> 41,127,483</font></td><td width="1%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;"> </font></td></tr></table></div></div></div></div></div></div>
29122821
29875747
10362000
9988000
9988000
10362000
9988000
9988000
82024282
92452662
0
0
2771
830323
1267174
3750
5550
10894159
8370151
55148156
55025237
<div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">15. Quarterly Results of Operations (unaudited)</font></font></div><div> </div><div align="left" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The following is a summary of the quarterly results of operations for the years ended October 31, 2011 and 2010.</font></div><div align="center"><table cellpadding="0" cellspacing="0" width="85%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="38%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">First</font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Quarter </font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Second</font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Quarter </font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="13%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Third</font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Quarter</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="11%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Fourth</font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Quarter</font></font></font></font></font></font></div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Revenues</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">31,905,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">31,091,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">32,027,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">33,498,000</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">32,387,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">33,739,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">31,890,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">31,918,000</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Gross profit</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">8,510,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">8,963,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">8,482,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,854,000</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,606,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,410,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,028,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,579,000</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Net income (loss)</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">73,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">493,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 876,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(5,418,000)</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(213,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">333,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(570,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">938,000</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Earnings (loss) per share</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Basic </font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.01</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.05</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 0.09</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(0.48)</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(0.02</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.03</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(0.06</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.09</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Diluted</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 0.01</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.05</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 0.09</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></font></div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(0.48)</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(0.02</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.03</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(0.06</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">)</font></div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.09</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Weighted average shares outstanding</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Basic</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000 </font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,173,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">11,300,000</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Diluted</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> 9,988,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,173,000</font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">11,300,000</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="38%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="11%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="2%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr></table></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div> </div></div></div>
17199
47181
-63499
26058
36561
-1800
-1800
-1800
1
1
20928246
23094260
9987913
22768610
18297522
-557913
50496132
-328014
-328014
9987913
22768610
17969508
-557913
50168118
9987913
22768610
-10150397
0
22606126
9987913
22768610
-9662263
0
11299528
23267024
-13638306
0
-2264698
483751
-15730172
0
0
0.06
3206318
3266898
<div><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">3. Long-term Debt</font></font></div><div align="left"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;">   </font> Long-term debt consisted of the following:</font></font></div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><table cellpadding="0" cellspacing="0" width="100%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="76%" style="border-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td colspan="6" valign="bottom" width="22%" style="border-bottom: 4px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">October 31,</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="76%" style="border-bottom: #ffffff solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2011</font></font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid; padding-bottom: 2px;"><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2010</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="76%" style="border-bottom: #ffffff; text-align: left;"><div style="text-align: left; line-height: 1.25; text-indent: -9pt; display: block; margin-left: 9pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Installment notes payable to banks, due in monthly installments plus interest at rates approximating the bank's prime rate or the prime rate subject to various floors maturing in various periods ranging from December 2011-September 2014, collateralized by equipment and vehicles. </font></div></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%" style="text-align: left;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">1,175,784</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> $</font></td><td align="right" valign="bottom" width="9%"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">1,300,364</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="76%" style="padding-bottom: 2px;"><div><font style="font-family: Times New Roman; font-size: 10pt;">Notes payable to shareholders. The shareholder note of $3.0 million plus all accrued interest is due in one </font></div><div><font style="font-family: Times New Roman; font-size: 10pt;">    balloon payment in September 2014.</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">3,000,000</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="76%" style="padding-bottom: 2px;"><div style="text-indent: -9pt; margin-left: 9pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Term loan facility with a syndicate of banks, due in quarterly installments of $1,225,000 plus interest payments equal to the base rate plus the applicable margin or the adjusted LIBOR rate plus the applicable margin</font><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> maturing September 2013, collateralized by substantially all of the assets of the Company.</font></font></font></font></font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">37,884,224</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">43,057,978</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="76%" style="padding-bottom: 2px;"><div><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Revolving line of credit loan facility with a syndicate of banks, interest payments</font> based primarily on maturity of </font></font></div><div><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;">   LIBOR Borrowings typically 30-60 days at the </font><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">LIBOR rate plus </font></font><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">the applicable margin maturing in September </font></font></font></div><div><font style="font-family: Times New Roman; font-size: 10pt;">   <font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">2012, collateralized by substantially all of the assets of the Company.</font></font></font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">9,725,496</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">10,425,496</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="76%" style="border-bottom: #ffffff;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">48,785,504</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt;">57,783,838</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="76%" style="border-bottom: #e2eef6 solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Less current portion revolving line of credit</font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">9,725,496</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="76%" style="border-bottom: #e2eef6 solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Less long-term portion revolving line of credit</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 4px;"><font style="font-family: Times New Roman; font-size: 10pt;">10,425,496</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="white"><td align="left" valign="bottom" width="76%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Less current portion long-term debt</font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">38,629,011</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">5,484,842 </font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="76%" style="border-bottom: #ffffff solid;"><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 9pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Long-term debt, net of current portion and revolving line of credit </font></div></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">430,997</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="border-bottom: black double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%" style="border-bottom: black double;"><div style="line-height: 1.25; text-indent: 0pt; display: block; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">41,873,500</font></div></td><td align="left" nowrap="nowrap" valign="bottom" width="1%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr></table></div><div align="left" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div style="text-indent: 0pt; display: block;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Maturities of long-term debt and revolving line of credit for each of the next five years follow:</font></div><div style="text-align: center; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">                                                                                                        </font><table cellpadding="0" cellspacing="0" width="26%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td valign="bottom" width="34%"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2012</font></div></td><td valign="bottom" width="25%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="4%" style="text-align: left;"><div style="text-align: left; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="bottom" width="33%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">48,354,507</font></div></td><td valign="bottom" width="4%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td valign="bottom" width="34%" style="text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2013</font></div></td><td valign="bottom" width="25%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="4%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="33%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">360,982</font></div></td><td valign="bottom" width="4%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="34%" style="text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2014</font></div></td><td valign="bottom" width="25%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="4%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="33%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">70,015</font></div></td><td valign="bottom" width="4%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td valign="bottom" width="34%" style="text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2015</font></div></td><td valign="bottom" width="25%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="4%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="33%" style="text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-</font></div></td><td valign="bottom" width="4%" style="text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="34%" style="text-align: center; padding-bottom: 2px;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">2016</font></div></td><td valign="bottom" width="25%" style="text-align: center; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="4%" style="border-bottom: black 2px solid; text-align: center;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="33%" style="border-bottom: black 2px solid; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">-</font></div></td><td valign="bottom" width="4%" style="text-align: center; padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr><tr bgcolor="white"><td valign="bottom" width="34%" style="text-align: center; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="25%" style="text-align: center; padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td><td valign="bottom" width="4%" style="border-bottom: black 4px double; text-align: center;"><div style="text-align: center; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">$</font></div></td><td valign="bottom" width="33%" style="border-bottom: black 4px double; text-align: right;"><div style="text-align: right; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">48,785,504</font></div></td><td align="left" valign="bottom" width="4%" style="padding-bottom: 4px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">  </font></td></tr></table></div><div style="text-align: center; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div></div></div></div></div></div></div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The secured and unsecured credit facilities contain restrictive financial covenants requiring the Company to maintain certain financial ratios. The Company was unable to remain in compliance with certain financial covenants arising under substantially all of its long-term note agreements. The creditors have not waived the financial covenant requirements. The Company received a notice of default on December 12, 2011, which was reported pursuant to item 2.04 of Form 8-K filed December 15, 2011. This notice of default advised that the Administrative Agent had not waived the event of default and reserves all rights and remedies thereof. These remedies include, under the Credit Agreement, the right to accelerate and declare due and immediately payable the principal and accrued interest on all loans outstanding under the Credit Agreement. The notice of default further stated that any extension of additional credit under the Credit Agreement would be made by the lenders in their sole discretion without any intention to waive any event of default. </font></font></div></div><div style="text-align: left; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">On December 28, 2011, the Administrative Agent, the Lenders, the Company, all of its subsidiaries and Marshall T. Reynolds entered into a Limited Forbearance Agreement and Third Amendment to Credit Agreement (the "Limited Forbearance Agreement") which provides, among other things, that during a forbearance period commencing on December 28, 2011, and ending on April 30, 2012 (unless terminated sooner by default of the Company under the Limited Forbearance Agreement or Credit Agreement), the Lenders are willing to temporarily forbear exercising certain rights and remedies available to them, including acceleration of the obligations or enforcement of any of the liens provided for in the Credit Agreement. The Company acknowledged in the Limited Forbearance Agreement that as a result of the existing defaults, the Lenders are entitled to decline to provide further credit to the Company, to terminate their loan commitments, to accelerate the outstanding loans, and to enforce their liens. </font></font></font></font></font></font></font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">The Limited Forbearance Agreement provides that during the forbearance period, so long as the Company meets the conditions of the Limited Forbearance Agreement, it may continue to request credit under the revolving credit line.</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">The Limited Forbearance Agreement requires the Company to:</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">(a) engage a chief restructuring advisor to assist in developing a written restructuring plan for the Company's business operations;</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">(b) submit a restructuring plan to the Administrative Agent by February 15, 2012; </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">(c) provide any consultant retained by the Administrative Agent with access to the operations, records and employees of the Company; </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">(d) attain revised minimum EBITDA covenant targets; and</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">(e) provide additional financial reports to the Administrative Agent. </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">The Limited Forbearance Agreement provides that the credit commitment under the Credit Agreement is $15,000,000 and provides for a $1,450,000 reserve against the Credit Agreement borrowing base. The Company had borrowed under its $15.0 million line of credit approximately $9.7 million at October 31, 2011, which encompassed working capital requirements, refinancing of existing indebtedness prior to The Herald-Dispatch acquisition and to partially fund the purchase of The Herald-Dispatch. Pursuant to the terms of the Limited Forbearance Agreement, the Company's borrowing base certificate as submitted to the Administrative Agent and adjusted in this filing for such provisions in the Limited Forbearance Agreement reflected minimum excess availability of $5.4 million as of October 31, 2011. The minimum excess availability is subject to a $1,450,000 reserve and may be adjusted by the Administrative Agent.</font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: justify; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;">The Company had borrowed under its $17.0 million line of credit approximately $10.4 million at October 31, 2010, which encompassed working capital requirements, refinancing of existing indebtedness prior to The Herald-Dispatch acquisition and to partially fund the purchase of The Herald-Dispatch. <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The $17.0 million line of credit was subsequently reduced to $15.0 million, pursuant to the terms of the Limited Forbearance Agreement.</font></font></font></div></div><div style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">The Limited Forbearance Agreement provides that $2,000,000 of the $2,500,000 cash collateral held by the Administrative Agent pursuant to the Contribution Agreement and Cash Collateral Security Agreement dated March 31, 2010, among the Company, Marshall Reynolds and the Administrative Agent (the "Contribution Agreement") shall be applied at the execution of the Limited Forbearance Agreement to the outstanding term loans in inverse order of maturity, which shall satisfy in full (a) any fixed charge violation (as defined in the Contribution Agreement) as of October 31, 2011, and during the forbearance period and (b) any excess cash flow payment due under the Credit Agreement during the forbearance period. If the Company, the Administrative Agent and applicable lenders do not enter into a new agreement or an amendment to the Limited Forbearance Agreement by April 30, 2012, the defaults shall be deemed existing and unsecured and any remaining funds in the cash collateral account shall be immediately available to the Administrative Agent pursuant to the Contribution Agreement. The $2,000,000 in cash collateral released to pay down term debt was issued in the form of a subordinated unsecured promissory note in the like amount on December 28, 2011. </font><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">Upon the expiration of the Limited Forbearance Agreement, a total of $47.6 million of long-term debt and outstanding revolving line of credit borrowings outstanding at October 31, 2011 are subject to accelerated maturity and, as such, the creditors may, at their option, give notice to the Company that amounts owed are immediately due and payable. As a result, the full amount of the related long-term debt has been classified as a current liability in the accompanying Balance Sheet at October 31, 2011, representing $33.0 million of term debt as well as approximately $9.7 million in revolving credit borrowing based on contractual maturities. Regardless of the non-compliance with financial covenants, the Company has made every scheduled payment of principal and interest, including additional payments for excess cash flow recapture payments and extra payments provided for within the Limited Forbearance Agreement, Second Amendment, Forbearance Agreement and Credit Agreement. The Company is required to maintain a minimum of $750,000 of compensating balances with the Administrative Agent under the terms of its Credit Agreement.</font></div></div><div align="left" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;">On December 29, 2009, the Company, Marshall T. Reynolds, Fifth Third Bank, as Administrative Agent for lenders under the Company's Credit Agreement dated September 14, 2007, and the other lenders entered into a Forbearance Agreement. The Forbearance Agreement, among other provisions, required Marshall T. Reynolds to lend to the Company $3,000,000 in exchange for a subordinated unsecured promissory note in like amount, payment of principal and interest on which is prohibited until payment of all liabilities under the Credit Agreement. The subordinated unsecured promissory note, bearing interest at a floating Wall Street Journal prime rate and maturing September 14, 2014, and a debt subordination agreement, both dated December 29, 2009, were executed and delivered, and Mr. Reynolds advanced $3,000,000 to the Company. The $3,000,000 was applied to a prepayment of $3,000,000 of the Company's loans.  <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">The Forbearance Agreement expired on March 31, 2010 and the Company entered into a Second Amendment and Waiver to Credit Agreement.</font></font></font></font></font></font></font></font></font></div></div><div style="text-align: left; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">                On July 18, 2011, the Company and Mr. Reynolds entered into and consummated an Exchange Agreement pursuant to which the $3,000,000 subordinated unsecured promissory note, dated December 29, 2009 and delivered in connection with the Forbearance Agreement, together with $147,875 in accrued interest, was exchanged for 1,311,615 shares of common stock. The ratio of exchange was $2.40 of principal and accrued interest for one share of common stock. The transaction was completed at a discount of approximately 42.5% of the face value of the subordinated unsecured promissory note and related accrued interest. The transaction was approved by a majority of the disinterested directors in a separate board meeting chaired by a disinterested director. The transaction resulted in a net gain on early extinguishment of debt from a related party which is reflected in our Consolidated Statements of Operations. As a result of the Exchange Agreement, Marshall T. Reynolds beneficially owns over 50% of the Company's outstanding common stock.</font></font></font></div></div><div style="text-align: justify; text-indent: 0pt; display: block;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><br /></font><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">               On March 31, 2010, the Company, Fifth Third Bank, as a Lender, L/C Issuer and Administrative Agent for Lenders (the "Administrative Agent") and the other Lenders party to the Company's Credit Agreement dated September 14, 2007 (the "Credit Agreement") entered into a Second Amendment and Waiver to Credit Agreement ("the "Second Amendment"). All conditions precedent to the effectiveness of the Second Amendment were satisfied on April 6, 2010. The Company has pledged substantially all of the assets of the Company as collateral for the indebtedness under the Credit Agreement.</font></font></font></font></font></div><div style="text-align: justify; text-indent: 0pt; display: block;"> </div></div><div style="text-align: left; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div style="text-indent: 0pt; margin-left: 0pt; margin-right: 0pt;"><div style="text-align: center;"><div align="left" style="text-align: justify; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">In the Second Amendment the Administrative Agent and Lenders waived any default or event of default arising from the Company's previously disclosed violations of provisions of the Credit Agreement. The Second Amendment amended various provisions of the Credit Agreement, including but not limited to:</font></div><div align="left" style="text-indent: 9pt; margin-left: 0pt; margin-right: 0pt;"><ul><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">a $17,000,000 revolving credit facility with a sublimit of up to $3,000,000 for letters of credit and $3,000,000 for swing line loans. Outstanding borrowings, thereunder, may not exceed the sum of (1) up to 85% of eligible receivable plus (b) up to the lesser of $6,000,000 or 50% of eligible inventory.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">at the Company's option, interest at a LIBOR Rate, so long as no default exists.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">post-default increase in interest rate of 2%.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">amendment of various financial covenants.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">fixed charge coverage ratio is required to be 1.0:1.0 through January 31, 2011; 1.1:1.0 through January 31, 2012 and 1.20:1.00 thereafter.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">leverage ratio shall not be greater than 6.5:1.00 at April 30, 2010 with 0.5:1.00 step-downs quarterly through April 30, 2011 and 0.25:1.00 quarterly step-downs through April 30, 2012.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">minimum EBITDA pursuant to a quarterly build up commencing with the three months ended April 30, 2010 of $2,700,000, the six months ended July 31, 2010 of $5,400,000, the nine months ended October 31, 2010 of $8,900,000 and the twelve months ended January 31, 2011 of $11,800,000, thereafter varying quarterly step-ups culminating in twelve months trailing EBITDA of $14,300,000 at October 31, 2012.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">maximum capital expenditures are limited to $2,000,000 per fiscal year for the years ended October 31, 2010 and 2011 and $2,500,000 thereafter. </font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">enhanced reporting by the Company to Administrative Agent, including monthly reports and conference calls, quarterly reports by the Company's independent auditors of restructuring charges and organizational expense reductions.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">application of the Company's income tax refunds applied to reduce indebtedness under the Credit Agreement.</font></font></font></div></li><li><div style="text-align: justify; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">restrictions on payment of dividends based on various covenant compliance thresholds.<font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; letter-spacing: 15pt; font-size: 10pt;"> </font></font></font></font></div></li></ul></div></div></div></div><div style="text-align: left; line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">               As required by the Second Amendment, the Company, Marshall T. Reynolds and the Administrative Agent entered into a Contribution Agreement and Cash Collateral Security Agreement dated March 31, 2010 (the “Contribution Agreement”) pursuant to which Mr. Reynolds deposited $2,500,000 as cash collateral with the Administrative Agent, which the Administrative Agent may withdraw upon an event of default under the Credit Agreement. The cash collateral is in an account in Mr. Reynolds name with the Administrative Agent and is not reflected on the Company's financial statements at October 31, 2011 and 2010.</font></div><div style="text-indent: 0pt; display: block;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">               In connection with the Contribution Agreement, the Company executed and delivered to Mr. Reynolds a Subordinated Promissory Note in an amount up to $2,500,000 (or less, based on draws by the Administrative Agent pursuant to the terms of the Contribution Agreement), payment of principal and interest on which is prohibited prior to January 31, 2011, and thereafter only with the Administrative Agent's consent. The amount, if any, owed under the Subordinated Promissory Note is contingent upon a draw having been made under the Contribution Agreement. This promissory note was unfunded at the issuance date and at October 31, 2011 and 2010, and therefore there was no outstanding subordinated debt or accrued interest related to this note, because the Administrative Agent had made no draws on the cash collateral at the issuance date through October 31, 2011. The Subordinated Promissory Note bears interest at the Wall Street Journal prime rate (3.25% at inception and at October 31, 2011 and 2010), matures September 14, 2014 and is unsecured. In the event of a draw under the terms of the Contribution Agreement, the cash proceeds shall be deemed to be a subordinated loan made by Mr. Reynolds to the Company. Pursuant to the terms of the Contribution Agreement, the triggers which may require a draw and subsequent issuance of subordinated debt include a payment violation, a fixed charge coverage ratio violation and a delivery violation by the Company failing to deliver a Compliance Certificate to the Administrative Agent when due under the Credit Agreement. Upon a draw on Mr. Reynolds' cash collateral account, he is deemed to have made a loan in like amount under the Contribution Agreement and Subordinated Promissory Note, in amounts up to $2.5 million, the proceeds of which will be used by the Administrative Agent to repay outstanding term loans in the inverse order of maturity.</font></div><div style="text-indent: 0pt; display: block;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">             On December 28, 2011, pursuant to the terms of the Limited Forbearance Agreement, a draw of $2.0 million was made on the cash collateral and $2.0 million was funded in the form of the subordinated unsecured promissory note.</font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">                The Company is required to make certain mandatory payments on its credit facilities related to (1) net proceeds received from a loss subject to applicable thresholds, (2) equity proceeds and (3) effective January 31, 2009, and continuing each year thereafter under the terms of the agreement the Company is required to prepay its credit facilities by 75% of excess cash flow for its most recently completed fiscal year. The excess cash flow for purposes of this calculation is defined as the difference (if any) between (a) EBITDA for such period and (b) federal, state and local income taxes paid in cash during such period plus capital expenditures during such period not financed with indebtedness plus interest expense paid in cash during such period plus the aggregate amount of scheduled payments made by the Company and its Subsidiaries during such period in respect of all principal on all indebtedness (whether at maturity, as a result of mandatory sinking fund redemption, or otherwise), plus restricted payments paid in cash by the Company during such period in compliance with the Credit Agreement. <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">Pursuant to the terms of the Limited Forbearance Agreement, there would be no excess cash flow payment due based on the contractual provisions regarding the application of cash collateral.</font> The Company paid its prepayment obligation of approximately $2.0 million in January 2009 and had no balance due under its prepayment obligation for fiscal 2010 and 2011 that would have been payable January 2011 and 2012 pursuant to the applicable calculations of the applicable credit agreements.</font></div></div></div><div style="text-align: left; line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div><div align="center" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The prime rate was the primary interest rate on the above loans prior to September 14, 2007. After this date, the primary interest rate consisted primarily of LIBOR 30-day, 60-day and 90-day rates plus the applicable margin <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">(effective with the Second Amendment, the primary interest rate was LIBOR 30-day and 60-day rates plus the applicable margin). </font>Prime rate approximated 3.25%  at October 31, 2011 and 2010, while the 30-day LIBOR rate approximated 0.24% and 0.25% at October 31, 2011 and 2010. The Company had entered into a hedging arrangement to convert $25.0 million of variable interest rate debt to fixed interest rate debt. There was no current balance outstanding subject to the hedge at October 31, 2011 and 2010 (see Note 13). The swap agreement terminated effective October 29, 2010, therefore, converting from fixed interest rate debt to variable interest upon termination. Interest paid during the years ended October 31, 2011, 2010 and 2009 approximated $3,598,000, $5,256,000, and $4,345,000</font><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">. The Company had accrued interest of approximately $162,000 and $313,000 at October 31, 2011 and 2010 <font style="display: inline; font-family: Times New Roman; font-size: 10pt;">recorded as accrued expenses on the balance sheet. </font> Deferred financing costs are amortized over the life of the related credit facilities and are reported as part of interest expense. In 2011, 2010 and 2009, $437,000,  $373,000, and $309,000 of deferred financing costs were included as interest expense. In addition, certain period costs associated with these credit facilities are recorded as a component of interest including administrative agent fees and costs.</font></font></font></font></font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;">                The fair value of the Company's interest- bearing debt and revolving credit facilities related to its primary credit facilities with a syndicate of banks based on estimated market prices for similar issues of debt with consistent remaining maturities and terms was a total of $46.0 million. This valuation was based on an independent third party appraisal and utilized contractual maturities of existing term debt and revolving line of credit with a syndicate of banks, which represents substantially all of the Company's borrowings.  The valuation approach utilized employed a combination of the market and income approaches utilizing historical data available on publicly traded bonds, peer ratio and Company ratio analysis and other valuation criteria. The fair value of the Company's debt, since there is not an active market, would be subject to various factors which the Company was unable to assess in this valuation including specific market demand, industry outlooks, Company forecasts, collateral coverage, the regulatory environment for potential lenders, the general state of the economy and overall credit conditions and other factors. Therefore, the appraised fair value and actual market value may be materially different. The term debt not related to the syndicate had a carrying value of approximately $1.2 million and the Company believes carrying value approximates fair value for this debt based on recent market conditions, collateral support, recent borrowings and other factors.</font></font></font></div><div align="justify" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The Company may incur costs in 2012 related to facility consolidations, employee termination costs and other restructuring related activities. These costs may be incurred, in part, as a response to the Company's efforts to overcome the impact of the global economic crisis and may occur pursuant to certain initiatives being reviewed in accordance with the provisions of the Limited Forbearance Agreement. </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The Company's non-cash activities for 2011, 2010 and 2009 included equipment purchases of approximately $621,000, $459,000, and $818,000, and which were financed by a bank. </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></div></div>
1311615
498414
0
0
1810029
1311615
0
0
-38673
<div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt;">14. (Loss) earnings <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Per Share</font></font></font></font></font></font></font></font></div><div> </div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(Loss) earnings per share (EPS) were computed as follows:</font></div><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center"><table cellpadding="0" cellspacing="0" width="80%" style="font-family: times new roman; font-size: 10pt;"><tr><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(Loss)</font></font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Income </font></font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Weighted</font></font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Average</font></font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> Shares</font></font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td colspan="2" valign="bottom" width="10%" style="border-bottom: black 2px solid;"><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Per</font></font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Share</font></font></div><div align="center" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Amount</font></font></div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Year Ended October 31, 2011</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Net Loss</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(3,976,043</font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Basic loss per share</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Loss available to common shareholders</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="top" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(3,976,043</font></td><td align="left" valign="top" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">10,362,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td valign="bottom" width="9%" style="text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(0.38)</font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Effect of dilutive securities stock options</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">    -</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Diluted loss per share</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;"> </font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="padding-bottom: 4px;"><div align="left" style="text-indent: -9pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Loss available to common shareholders and assumed conversions</font></div></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(3,976,043</font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">)</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">10,362,000 </font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">$</font></font></div></td><td valign="bottom" width="9%" style="border-bottom: black 4px double; text-align: right;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: bold;">(0.38)</font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Year Ended October 31, 2010</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Net Income</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">488,134</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Basic earnings per share</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Income available to common shareholders</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">488,134</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;">0<font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">.05</font></font></font></font></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Effect of dilutive securities stock options</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> -</font></font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Diluted earnings per share</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Income available to common shareholders and assumed conversions</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">488,134</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">0.05</font></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">Year Ended October 31, 2009</font></font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Net Loss</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;"><font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="font-family: Times New Roman; font-size: 10pt;">(27,520,<font style="font-family: Times New Roman; font-size: 10pt; font-weight: normal;">624</font></font></font></font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Basic loss per share</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Loss available to common shareholders</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(27,520,624</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(2.76)</font></font></div></div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Effect of dilutive securities stock options</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td valign="bottom" width="9%" style="padding-bottom: 2px;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 2px solid;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 2px solid;"><font style="font-family: Times New Roman; font-size: 10pt;">-</font></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="padding-bottom: 2px;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 2px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr><td align="left" valign="bottom" width="61%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Diluted loss per share</font></div></td><td align="left" valign="middle" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="3%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr><tr bgcolor="#cceeff"><td align="left" valign="bottom" width="61%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Loss available to common shareholders and assumed conversions</font></div></td><td align="left" valign="middle" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(27,520,624</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="font-family: Times New Roman; font-size: 10pt;">)</font></div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">9,988,000</font></div></td><td align="left" valign="bottom" width="3%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td><td align="left" valign="bottom" width="1%" style="border-bottom: black 4px double;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></div></td><td align="right" valign="bottom" width="9%" style="border-bottom: black 4px double;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="right" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">(2.76)</font></font></div></div></td><td align="left" valign="bottom" width="1%" style="padding-bottom: 4px;"><div align="left" style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div></td></tr></table></div></div>
4086377
4300662
5244938
<div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">8. Acquisitions</font></font></div><div align="left" style="line-height: 1.25; text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">On September 14, 2007, the Company completed, pursuant to an asset purchase agreement, the acquisition of The Herald-Dispatch daily newspaper in Huntington, WV. The purchase price was $77.0 million and subject to a working capital payment of $837,554 plus or minus any change in working capital from the index working capital base of $1,675,107 at the closing date of September 14, 2007. The working capital payment totaled approximately $1.6 million. </font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">Approximately six weeks of the operations of The Herald-Dispatch are included in the Company's Statement of Operations commencing concurrent with the acquisition in 2007. </font><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">The Company acquired substantially all of the net assets of The Herald-Dispatch for a purchase price of $77.0 million consisting of cash.  The purchase price included a cash payment of $77.0 million plus acquisition costs of approximately $373,000 and a working capital adjustment of approximately $1,616,000.  The working capital adjustment was recorded under accrued expenses at October 31, 2007. The purchase price was financed by the Company through a term debt facility and a revolving credit facility. The purchase of The Herald-Dispatch was consummated based on certain specifically identified synergies due in part to duplicative functions, to achieve cash flow diversity, to capitalize on a unique investment opportunity in the Company's core territory, and to provide a platform for future growth and expansion opportunities. The following is a condensed balance sheet indicating the amount assigned to each major asset and liability caption of The Herald-Dispatch at September 14, 2007:</font></font></div><div align="justify" style="line-height: 1.25; text-indent: 36pt; display: block; margin-left: 0pt; margin-right: 0pt;"> </div><div align="center"><table bgcolor="white" cellpadding="0" cellspacing="0" width="50%" style="font-family: times new roman; font-size: 10pt;"><tr bgcolor="#cceeff"><td valign="bottom" width="88%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> Current assets, net of cash received</font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">$</font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">2,748,445</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td valign="bottom" width="88%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr bgcolor="#cceeff"><td valign="bottom" width="88%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> Property, plant and equipment</font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;">8,582,200</font></td><td align="left" nowrap="nowrap" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td></tr><tr><td valign="bottom" width="88%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="left" valign="bottom" width="1%"><font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: normal;"> </font></td><td align="right" valign="bottom" width="9%"><font style="display: inlin