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Cost Reduction Programs

Marketing Exclusive Inc. provides customized cost reduction plans which are designed to improve profitability. These plans are very structured and will cover a wide range of cost related areas of your organization. Following an initial consultation, we will clarify the short term and longer term objectives of your cost reduction plan and then work with you to develop and implement accordingly.

While a cost reduction plan can be implement successfully in isolation from other business improvement activities, we suggest that you also review our productivity improvement service along with the business planning services and software that we offer.

Please contact us for further information.

STC Semiconductor Announced Cost Reduction Plan

The Company Plans to Reduce Its Workforce for the First Time after 2003’s Restructuring

STC Semiconductor Ltd. today announced that it is implementing a series of cost reduction measures to adjust its capital and operating expenditures to existing and short-term market conditions. STC plans an across-the-board workforce cutback of approximately 170 positions, representing approximately 12 percent of STC’s employee base.

The actions announced today are expected to be implemented by the end of the year and produce net annualized saving of approximately $20 million.

“In order to respond to the existing and short-term market conditions, our recent financial results and recent economic slowdown, we have made some tough decisions to reduce our workforce and cut cost.” said Carmel Vernia, chairman and chief executive officer of STC.

“All the same time, we remain prepared to respond to customers’ needs, and committed to our most important strategy of establishing STC as a leading semiconductor manufacturer,” added Vernia. “In line with our strategic roadmap, we expect to continue our level of investment in key process development initiatives that would improve our unique technologies, which are less effected by market conditions.

We are confident that we will continue to provide the highest level of award winning customer service and deliver customer value.”

To Nancy Parrot

I join Act Fitness Club in St. Petersburg more than a year ago. The salesman convinced me I had nothing to lose in purchasing a membership[, as I could get my money back during the first month.

One week after joining, my husband was suddenly admitted to the intensive care until

and died five weeks later. I kept Act Fitness Club informed of this and was told by the salesman to keep making my monthly payments as I would get a full refund.

I have called numerous times and sent letter and copy of the death certificate.

Act Fitness Club has returned none of my four months’ credit card charge of $25 each and my membership[ fee of $100.

I need your help.

Arson Mackey

Gym gave full refund; check the credit card statement

By Nancy Parrot

Response: John Masters, membership services manager for Act Fitness Club in St. Petersburg, said you signed a month-to-month membership with the club, and agreed to all the terms and conditions, which included the four-week comfort guarantee.

This guarantee specifically states that a member may cancel at any time during the first four-week membership period if certain conditions are met, including utilizing the club three times during each of the initial weeks.

You did not meet the requirements, Masters said, but Act fitness Club understood your situation each of the initial weeks.

We are forwarding a copy of the credits slip Masters sent us and suggest you take a look at your credit card statements from this period to make sure the credit posted. Let us know if it did not.