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Millennium Transit was formed with the vision and purpose to develop, manufacture and distribute advanced transportation products on a worldwide basis. Millennium Transit will focus on industrial design, mechanical engineering as well as alternative fuel applications. As a closely held, private company, Millennium Transit is committed to the heavy- duty transit industry for the long term. Therefore, we can elect to make investments today that will provide customers with immediate features and benefits, even when this means a longer payback to Millennium. Millennium Transit has retained a seasoned group of executives to lead the business. Millennium Transit's senior leadership has specific, yet extensive, experience within the municipal transit market. This management team is solely responsible for directing the future of the RTS. The Millennium Transit team is focusing it's efforts to immediately secure RTS Legend and RTS Express high floor model orders for production this summer, as well as accepting orders for the RTS Extreme product to be delivered during 2005. The Millennium Transit team is working to continuously control costs with their vendors through competition, structured partnerships and packaging. If a vendor can supply the engine subassembly for less cost than it can be manufactured, they will be contracted to do so. However, quality will never be sacrificed solely for a lower cost. The management team will select partners committed to ensuring the highest levels of quality are maintained. These partners will be physically located in the manufacturing facility when appropriate. Millennium Transit Services' is committed to exceptional operational efficiency throughout the business. In concert with this strategy, the production line process will be drastically changed from the previous ownership. Rather than operating forty line stations with employees accountable and responsible for only a tiny portion of the entire bus manufacturing process, Millennium Transit Services will begin operations with only sixteen stations. This will offer more efficient production flow, increased job enrichment with more responsibility available to each individual employee and overall team approach to the completion of the final product. This proven production process encourages cross training and a more experienced and diverse employee base.