| PERIOD ENDING | 31-Dec-08 | | Net Income | 4,420,942 | | | Operating Activities, Cash Flows Provided By or Used In | | Depreciation | 1,588,968 | | Adjustments To Net Income | (508,786) | | Changes In Accounts Receivables | (1,191,531) | | Changes In Liabilities | 1,385,627 | | Changes In Inventories | (127,545) | | Changes In Other Operating Activities | (122,764) | | | Total Cash Flow From Operating Activities | 5,444,911 | | | Investing Activities, Cash Flows Provided By or Used In | | Capital Expenditures | (3,721,998) | | Investments | (919,663) | | Other Cashflows from Investing Activities | (637,376) | | | Total Cash Flows From Investing Activities | (5,279,036) | | | Financing Activities, Cash Flows Provided By or Used In | | Dividends Paid | (2,326,091) | | Sale Purchase of Stock | 416,460 | | Net Borrowings | 188,375 | | Other Cash Flows from Financing Activities |
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| | | Total Cash Flows From Financing Activities | (1,721,257) | | Effect Of Exchange Rate Changes | 41,962 | | | Change In Cash and Cash Equivalents | ($1,513,420) |
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1.48% Nasdaq 
Cash Flow
