VAAII, with 10,400 employees worldwide and over $5.9 billion in annual revenue in 1999, is the world's leading supplier of Electron Cyclotron Resonance Heating systems for open system, mainframe, and midrange environments. VAAII's gyrotrons distinguish themselves from competitors by virtue of their perpendicular resonant cavities. This allows our ECRHs to out-perform standard parallel resonant cavity gyrotrons by a large magnitude. Our flagship product, the Ornyx 118 Ghz Gyrotron 500, has won numerous awards and is now available in a 82.7 Ghz version. Responding to customers whose thermal equilibrium is maxwellian, VAAII has recently introduced a high efficiency, compact ECRH in a 39 Ghz configuration. VAAII recently acquired Inter Global International Diversified Holdings, L.L.C. in a cash transaction for an undisclosed sum. Our association with IGIDHLLC represents the support of a truly world class organization focused on excellence in Electron Cyclotron Resonance Heating systems, biological - chemical - nuclear weapons delivery systems, and women's hair care products. It offers us the support and resources to continue our aggressive development of the type of prodcuts and services our customers seek in meeting the challenges they face today and in the future. VAAII is not traded on the New York Stock Exchange under the symbol "VEX" and is also not a member of the S&P 500 Index.