Commenting on the successful year, the Company's Chairman and founder Homer Eaton stated "We are proud of this year's accomplishments and are excited about our many new product and sales opportunities in the future. In order to accelerate our momentum and maximize our global opportunities we intend to enter into discussions with potential strategic partners. We believe that the right partner will bring the resources we need to accomplish our aggressive growth targets."

Both U.S. and international sales experienced strong growth during the year. Total sales were up 25% and operating profit experienced even stronger growth, as the market for the Company's products continued to expand. The worldwide market for portable measuring devices is growing rapidly as new measurement applications for articulated arms and related software replace existing measuring equipment and help customers solve complex measurement problems.

The Company anticipates its commitment to quality, innovative designs, and research and development will continue to generate new product developments to fuel the Company's future growth. The Company plans to introduce several new products in 2004 including DOCS, a vision and software measurement system. In addition, the engineering team is developing a very accurate robotic measuring arm that will be capable of performing in-process real-time inspection. Commenting on the product development efforts, Homer Eaton said "we expect these new products will enable the Company to increase its market share worldwide and to expand into the rapidly growing market for robotic measuring devices."

To achieve its aggressive growth goals the Company plans to enter into discussions with strategic partners who have the financial resources to exploit the Company's growth opportunities. The Company anticipates that a strategic partnership with an appropriate party will enable it to accelerate the market penetration and sales growth of its product line in an expanding market that requires ever increasing resources to be successful.

CimCore is a leader and innovator in portable metrology. It manufactures and markets measuring equipment used in the automotive, aerospace and general industrial markets. CimCore's products include portable coordinate measuring machines, software and accessories capable of enhancing the measuring volume of its products. Its customers include ABB, Boeing, Caterpillar, Daimler Chrysler, Ford, General Electric, General Motors, Honda, Hyundai, Nissan, Toyota, Volkswagen, their suppliers, and many others.