This excerpt taken from the GVHR 8-K filed Feb 17, 2005.
A look at 2005
As to the outlook for 2005, Mr. Vonk stated, We are entering this year with not only a more stable and productive sales force, but also with expanded service offerings that considerably extend our reach into the market. Combined factors fortify our expectations to see net production surpass attrition in a client employee base that was increased by nearly 50% in just over a year. This is significant because the growth in employee count served yields a disproportionate increase in operating income. We will continue to build on our accomplishments and pursue our key strategic initiatives with a particular focus on profitability, sales productivity, and infrastructure leverage.
The company stated that it anticipates 2005 earnings per common share will be minimally $1.25 on approximately 29.0 million diluted common shares outstanding. This earnings per share expectation does not reflect the impact of expensing outstanding stock options, and does not reflect any furthur reduction of previously estimated cost of claims.