This is a day of extreme pleasure as I address my shareholders who have invested in ourcompany with their hard-earned savings. The company looks forward to many more shareholders and together we will grow and prosper as we strive to make our world a betterplace for everyone.
I am supported by a very sincere and enterprising team. I call them "twinkletwinkle little stars" - stars who have toiled to bring up the company to where we arenow. I am very proud of them and their families for supporting them to work from homeefficiently during the pandemic crisis delivering brilliant performance during thosedifficult days.
I have a vision for izmo - as a company that not only creates great value forshareholders and employees but helps make the world-at-large a better place too. I amconfident that with your continued support these dreams will come true for all of us. Forthat I endeavor to work for you.
Translating this vision into reality izmo has not only strengthened its customer basebut have also launched new products solutions and experiences that have the potential toaugment automotive retailing globally.
As you read this apps like izmoEmporio are helping automotive dealers with sparseinventory market their vehicles efficiently using virtual showroom experiences. Withautomotive production facing a prolonged slowdown that is likely to spill over into thenext year products like izmoEmporio have the potential to capture markets worldwide likeit's previous iterations.
In line with our vision and strategy we continue to invest in R&D productinnovation and a competitive workforce to stay ahead of the market. Our R&Dcontinues to be focused on our 3-fold strategy - to grow existing products in existingmarkets expand new products in existing markets and introduce existing products in newmarkets.
Once again I would like to place on record my great appreciation for the entire teamat izmo and all our stakeholders for their relentless dedication and support helping theCompany scale greater heights.