Our 2005 financial results were very disappointing. We continued to face a stronger Canadian dollar, and higher energy and wood costs.

A stronger Canadian dollar, seasonally weak coated pricing, and higher labor related expenses affected first-quarter results.

I regret the impact that our decision at Thunder Bay will have on our employees, their families and the community. However, this restructuring is essential for the viability of this site. Also critical is an improved operating environment in Ontario.

I think red and pink together create a lot of energy as opposed to having flat wood. It'll make you stop changing the channel.

Rising costs of wood, energy and chemicals over the past three years have led to a significant deterioration in the financial results at our pulp mill in Berlin despite the efforts of our employees and the State of New Hampshire to improve the sustainability of the operations.

The difference between one man and another is not mere ability . . . it is energy.