The following discussion shanghai escort ylyzd514 and analysis should be read in conjunction with our consolidated financial statements and related notes thereto included elsewhere in this registration statement. Portions of this document that are not statements of historical or current fact are forward-looking statements that involve risk and uncertainties, such as statements of our plans, objectives, expectations and intentions. The cautionary statements made in this registration statement should be read as applying to all related forward-looking statements wherever they appear in this registration statement. From time to time, we may publish forward-looking statements relative to such matters as anticipated financial performance, business prospects, technological developments and similar matters. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements. For the year ended December 31, 2008, we had positive cash flow from operations of as compared to a cash flow from operations of in 2007 shanghai escort ylyzd514 . This decrease is primarily due to an increase in retention receivables of approximately as well as an increase in standard receivables of approximately . The Company had an increase in accounts payable offsetting the use of cash of approximately . There were also non-cash items of approximately which added to the cash provided by operations resulting in net cash provided of With minimal increases in corporate level staff expected over the next year, the cash flow from operations is anticipated be positive for 2009. The facility contains customary financial covenants require us to maintain certain financial ratios, including an asset coverage ratio and dollars, debt to equity ratio and a tangible net worth requirement. Non-compliance with any of these ratios or a violation of other covenants could result in an event of default and reduce availability under the facility. We are currently in compliance with all covenants, except for the debt to equity ratio and tangible net worth. The bank waived the debt covenant and we have full availability under the facility. We have extended the line of credit for 60 days in order to give the bank the opportunity to receive our final audited financials at renewal time. Long term notes with a principal balance of , were issued through our bank on February 3, 2007 and December 31, 2008. The notes were are payable over 5 years and will be paid off on or about February 1, 2012 and December 31, 2013 The notes carry interest rates of 7.76% and 5.5% respectively shanghai escort ylyzd514 . These notes are held by the same bank the Company uses for its banking and where the line of credit is held.
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