2007 was the best year ever for TRIDENT. Both divisions, TRIDENT IT Services and the AUTODYNAMICS™ Simulation Division, had banner years. Even more encouraging are the prospects for 2008 as TRIDENT’s IT Services Division has been notified of the award of a large services contract covering all of North America.

AUTODYNAMICS completed several large simulation projects in Korea including a lubes hydrocracker project as well as major expansions of two of our existing Operator Training Simulator (OTS) Systems there. TRIDENT also completed two OTS projects for the Oil Ministry of Iraq in conjunction with our strategic alliance partner, Drilling Systems Ltd. in the U.K. TRIDENT’s AUTODYNAMICS Simulation Division was also awarded a project with a major international energy company to install our AUDY™ OTS at each of their fourteen refineries.

Based upon our current sales activity coupled with the excellent margins being generated by the operating companies, and the lack of qualified operators worldwide, TRIDENT expects 2008 to be even better than 2007 for the Simulation Division.

TRIDENT’s IT Services Division continued to expand its services offering including several overseas projects. Much of the growth has been generated by expansion of our existing clients. The recent award includes 59 cities in the USA/Canada as well as Mexico and Columbia. This project will certainly be a challenging one, yet a rewarding enterprise with growth and new opportunities.

Best regards,