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Standard grow and pr osper. On April 30, 2003, he began a new chapter in his life when he retired as our chairman. After joining the Company in 1969 as general manager of the Dayton, Ohio branch, Jim became president and chief executive officer in 1995 and was elected chairman in April 1996. Throughout his career, Jim provided the knowledge and leadership the Company needed to build the foundation for future growth. All of us at Pioneer- Standard have been privileged and proud to be associated with Jim. We wish him well in his future endeavors and look forward to his continuing contributions as a member of the Board. 

With IBM, our partnership is very strong and con- tinues to grow stronger as we work closely to provide customers with just the right solutions from the vast array of IBM offerings. For example, in May 2003, for the second consecutive year, we received IBM’s high- est award for our performance in storage solutions, 

For 34 years, Jim Bayman devoted his substantial tal- ents to helping Pioneer- 

which included generating the most revenue in 2002 and achieving significant year-over-year growth. 

HP and IBM have the br oadest product lines in the enterprise computer systems space. Thus, our relation- ships with them, and the br eadth and depth of the com- pr ehensive solutions we pr ovide, signify outstanding oppor tunities for long-term gr owth. 

Our customers include r esellers and end-users in a wide variety of industries. For our reseller partners, we create sales opportunities through defined marketing programs; we provide skilled certified consultants to assist in closing sales; we expedite the sales cycle and broaden our partners’ reach through financial support and services; and we configure, build and ship directly to our partners’ customers. 

For corporate end-users, we provide information technology products and services tailored to meet their specific needs. Our highly trained and certified tech- nical staff assists customers in the development and execution of mission-critical computing infrastructure projects. From business problem analysis and design consulting to systems integration, maintenance, training and support, we offer customers a complete business solution. 

As an enterprise computer systems company, our growth prospects are excellent. We intend to expand 

