The Diving division continues to perform well and we believe has gained market share during 2007; revenues are up nearly 3% in the three month period compared with prior year.
Overall, however, primarily due to the adverse conditions affecting the Winter Sports market, we continue to anticipate that we may record an operating loss for 2007.”
As of December 31, 2006 the Company determined that certain share-based compensation plans should have been accounted for as cash-settled which originally were treated as equity-settled. These changes have been applied to the 3 and 9 months ended 30 September 2006, and accordingly restated.
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