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Abstract
James A. Sapara, Chairman and CEO reported total consolidated sales for the quarter ended July 31, 2005 had increased $3.109 Million to $22.13 Million. (2004 - $19.02) Total consolidated sales for the nine months ended July 31, 2005 increased $7.88 Million or 15.0%. Vanguard contributed $3.9 Million towards the increased revenue for the nine-month period, although as Vanguard was purchased during the first quarter of 2004, there were no comparative sales for November 2003 or December 2003.
Mr. Sapara stated that Winalta is looking forward to the selling of its product into our latest manufactured home communities, located in Leduc, Alberta and Sylvan Lake, Alberta. Both of these communities are expected to show strong sales in the fourth quarter of fiscal 2005 and into fiscal 2006.