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In fiscal 2009 REX completed its transformation out of retail as we closed the remaining retail locations and continued to monetize
our remaining real estate assets, despite a challenging real estate market. The benefits of REX's strategic decision to move into
alternative energy began to be borne out in 2009 as REX generated net income attributable to common shareholders of $8.6 million,
or $0.91 per diluted share, versus a net loss attributable to common shareholders of $3.3 million, or a $0.32 per diluted share loss,
in 2008. Recognizing the transition we have acheived, subject to shareholder approval at our June 9th annual meeting, we plan to
change the Company's name to:
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