On November 30, 1999, a class action lawsuit was filed against our company in the United States District Court for the District of Arizona, case No. CIV'99 2106 PHXROS. Fred W. Wagenhals and Tod J. Wagenhals, directors and officers of our company, and Christopher S. Besing, a former director and officer of our company, also were named as defendants. The lawsuit alleges that our company and the other defendants violated the Securities Exchange Act of 1934 by (a) making allegedly false statements about the state of our business and shipment of certain products to a customer, or (b) participating in a fraudulent scheme that was intended to inflate the price of our common stock. The alleged class of plaintiffs consists of all persons who purchased our publicly traded securities between July 27, 1999 and December 16, 1999. The plaintiffs are requesting an unspecified amount of monetary damages. We have filed a motion to dismiss this lawsuit, which is scheduled to be heard by the court during April 2001. We intend to vigorously defend this lawsuit.
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