Earle Steinberg, President and CEO, stated, "Our strategy for the renewal at Thomas Group can now be described as Recover! and Grow!
"We have initiated aggressive efforts to build a pipeline of new business opportunities, even in these challenging economic times. Our efforts have begun to pay off, although we continue to balance the need for short term success against longer term, larger scale assignments needed to build a solid backlog for the future. Given the current period of economic stress in the economies worldwide, we believe that our emphasis on product and service offerings designed to improve our clients' operating margins positions us well in this recovery phase of our renewal strategy and on into the growth phase. It is not easy and will not occur quickly, but we are confident that we are on the right course to achieve the end results we, as your management team, and you, as our shareholders, expect.