Christmas 2010

Dear Friends

All too soon, the end of the year is approaching.

It is probably an understatement to say that this has been a year of extreme low and high for Innovare. Having come through the baptism of fire during the low point at Albany in the first quarter, we are ending the year strongly.

I am personally grateful to each of my staff. To date, the team remains intact inspite of the challenging periods in 2009 and early this year. Moreover, we have added on new blood to boost the service offering to be a truly AsiaPacific service provider.

Very importantly, I am grateful to all our clients and customers. Without your many assurances and encouragement, we would not have proceeded with the Management Buyout in the first place. Post MBO, the support have been overwhelming in terms of enhancement of existing business and new ones given to us. We know you have choices and certainly take your decision to keep using Innovare seriously.

Innovare is about people...the agencies/clients, contractors... staff... and... the less fortunate. A double digit proportion of our net profit will go towards needy causes.

I have just returned from a visit to the orphanage in Myanmar which we started in 2007. It is so joyous to see how these girls, who only 3 years ago, faced a life of uncertainty but are now more confident of their future (see the pictures below).

This is made possible because of the effort of the staff and business endorsement of our customers. The good that is being done there is an outcome of your contributions. On behalf of the girls at Rainbow Children's Home, Yangon... THANK YOU!

May your Christmas be joyous and the New Year bring many blessings to you and your family.

Best Regards... Harry Loh

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