David Dunkel Capitalize Quotations

We are pleased with our fourth quarter results which, we believe, again demonstrate the Firm's operating leverage and our ability to improve pricing as demonstrated by another sequential improvement in our flex gross margin and earnings per share. We believe that we can continue to migrate the Firm's flex revenue footprint to higher margin business, and are accelerating our hiring of permanent placement associates as the staffing cycle dynamics remain positive. We believe that our ability to generate cash flows from operations of $22.3 million in the fourth quarter, which are the highest quarterly cash flows from operations in the Firm's history, and our strong balance sheet will enable the Firm to capitalize on opportunities to accelerate our growth.

With experienced IT workers retiring and too few highly skilled workers to replace them, training and retention efforts will be critical. Businesses need to move immediately to search for and screen qualified applicants, and technology professionals with the right skill sets will be well positioned to capitalize on emerging opportunities.