A few weeks have now passed since we closed the transaction pursuant to which, Endolap Incorporated was acquired by Allegiance Healthcare.
When we retained the Walden Group to represent us in the sale of Endolap, we of course expected to be the beneficiary of the high level of professionalism for which the Walden Group is known in the industry.
What we did not expect was the quality and the number of potential acquirers that you introduced to the transaction and which you engaged in serious negotiations. The process that you set in motion, and that you were critical in concluding, resulted in our having our choice of acquirers, and our attaining transaction terms that were most satisfactory to our shareholders.
Please thank your entire staff for a “job well done” and accept my personal thanks, for representing us in a manner that reflected great credit on both The Walden Group, Incorporated and Endolap, Incorporated.