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                                          INTRODUCTION




                                          When Anchor QEA was young, growth


                                          was straightforward. We developed strong

                                          relationships with clients, delighted them with

                                          superior service, and work found us.



                                          As our company has matured, our client

                                          relationships remain strong and the quality

                                          of our work is unmatched. However, industry


                                          competition has increased. Climate change

                                          continues to create new and urgent needs

                                          for clients in more regions. And although

                                          we diversified our services and continue to


                                          be profitable, the pace of our early success

                                          has slowed.
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