August 3 2005
To: George S. May International Company 303 South Northwest Highway
Park Ridge, illinois 60068-4255
Dear Sirs:
The George S. May International Company was invited to assist us in turning this business into a profitable enterprise. We needed assistance with movement of dead stock inventory and with controlling our purchasing and controlling our inventory. They also provided help with understanding our overhead costs and pricing.
The systems that were developed were beneficial to our management team and has helped to put us on the path to controlled growth and profitability.
Over $150,000 in savings and benefits have been identified as well as the means to put some of this on our bottom line. The strategic plan coincides with my vision for the business and my staff and I are working to once again convert our auction building into useful retail space.
I am very satisfied with the work of your consultants, and look forward to their return.
We request that the project be recessed and that the Project Director return on August 29th, with no further contact with the George S. May Company.
President