By Bob Abrams, Controller

The recent global economic down-turn and related credit market softening has caused businesses in all industries to re-examine the timing of capital equipment purchases.

To combat this challenge and to serve our Customers better, Bauer continues to evaluate flexible terms and financing options our Customers can use in their capital budget process.

In addition to negotiated standard terms, progress billings, letters of credit, etc., we are currently evaluating various products being offered by the Export-Import Bank of the United States (Ex-Im Bank) that may be of particular interest to our international customers. Ex-Im Bank is the official export credit agency of the United States. Ex-Im Bank's mission is to assist in financing the export of U.S. goods and services to international markets.

We feel that the products and services offered by Bauer perfectly align with the objectives of Ex-Im Bank and the products they offer. Products such as Medium-Term Loan Guarantees, where U.S. lenders provide financing directly with our Customers that is guaranteed up to 85% by Ex-Im Bank provide the workable solutions that our Customers are looking for. For more information regarding Ex-Im Bank and their products, please visit their website at www.exim.gov.

Bauer is committed to our Customers' success particularly in these challenging economic times. As we are confident that our products and services will improve our Customers' bottom line, we are equally as confident that, as a business, we can provide workable financing options and terms to all our customers.