As we look back on the year gone by, we do so with the sense that we might ultimately come to judge 2011 as a defining moment in the evolution and growth of Atlas Research. In the face of great market uncertainty, fierce competition, and government clients’ heavy emphasis on cost reduction, we balanced prudent retrenchment measures with forward-looking investments in strategic hires, portfolio diversification, and infrastructure that, together, helped us achieve momentum that we expect will endure and carry us to even greater heights in the years to come.