2000 Annual Report

Form 10-KSB

Part I

Description of Business

Products

Description of Property

Part II

Market for Common Equity and Related Stockholder Matters

Management's Discussion and Analysis or Plan of Operation

Results of Operations - 2000 vs. 1999

Results of Operations - 1999 vs. 1998

Liquidity and Capital Resources

Cautionary Statements

Financial Statements

Independent Auditor's Report

Balance Sheets

Assets

Liabilities and Stockholders’ Equity

Statements of Income

Statements of Changes in Stockholders’ Equity

Statements of Cash Flows

Notes to Financial Statements

Nature of Business and Significant Accounting Policies

Inventories

Financing Arrangement and Long-Term Debt

Commitments and Contingencies

Deferred Revenue

Income Taxes

Stock-Based Compensation Plans

Employee Benefit Plans

Major Customers, International Sales, and Enterprisewide Disclosures

Part III

Directors, Executive Officers, Promoters and Control Persons; Compliance with Section 16(a) of the Exchange Act

Directors

Executive Officers

Compliance with Section 16(a) of the Exchange Act

Executive Compensation

Summary Compensation Table

Option Grants During 2000 Fiscal Year

Option Exercises During 2000 Fiscal Year and Fiscal Year-End Option Values

Compensation to Directors

Employment Agreements and Termination of Employment Arrangements

Security Ownership of Certain Beneficial Owners and Management

Certain Relationships and Related Transactions

Exhibits and Reports on Form 8-K

Exhibit Index