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We Completed A Decade Of Growth
First Brands completed its first decade on July 11,
1996. We stand today as a leader in sales, quality
and customer service in the markets where we compete.
The Company has been a consistent performer for
investors, with an 18.3 percent compounded annual
growth rate during the six and a half years our stock
has been publicly traded. We welcome those
shareholders who responded to our solid record of
growth and profitability by investing in First Brands
during fiscal 1996. We also welcome the 2,850 new
employee shareholders who joined us in early fiscal
1997 when our first ever profit sharing awards were
made in the form of Company stock. This program was
approved by the Board of Directors to build a
stronger interest among First Brands employees in the
Company's financial performance.
Together, we will continue to achieve even greater
success by building upon our fundamental strengths in
manufacturing, marketing, research and development,
and customer service that have brought us to this
point. We will continue to introduce new products,
expand our products globally, and make complementary
acquisitions. The most important lesson we have
learned from 10 years of success and growth is that
the future of First Brands will be what we make of
it. We plan to make it exciting! |