Chair's Report
June 2007

For over a year, TAC had been functioning without a CEO. This deficit presented a stressful situation for the Board, and required that Board time and efforts be directed at searching for the right individual to fill this role. As we reported in our last newsletter, Troy Johnson joined TAC in filling the vacant CEO position. Troy’s presence at the Board meeting last month lifted a burden as the Board welcomed Troy’s oversight of TAC’s operational activities. The Board members can now turn their focus to developing and expanding the TAC vision.

The May Board meeting presented refreshing new beginnings. The Board is pleased to report that Thomas Mack’s contract has been extended and that he will continue to serve TAC in the role of president. Additionally, Troy Johnson joined us for his first board meeting in his new role as CEO. Working with Troy in this capacity has allowed the board to get to know him on both a personal and professional level. This resulted in some very positive team building opportunities for Troy and the board.

Troy is confident in his new role and we are pleased to have Troy in the driver’s seat handling the day-to-day operations. Our team is now complete with Thomas Mack as President and Troy Johnson as CEO. The board is confident in their new team. Troy and Thomas’ collaboration is an exciting change in our corporate governance.

I would like to also inform shareholders that the FY05 bonus has been brought to resolution this spring and payout of this bonus to the staff of TAC occurred in late May. The TAC staff and board can now move forward with new beginnings as we put this issue behind us.

On behalf of the board of directors, we wish everyone a wonderful summer season. If you have any questions or concerns, please feel free to contact us through the corporation. We look forward to hearing from you.

Sharon Guenther Lind
Chair