I was looking at this newsletter’s editorial of December 2010, exactly 2 years ago. Interesting how things did not change that much! Take a look: “December 2010 Editorial - This year has been, as we will all agree, full of challenges. Families, companies and ultimately countries are being challenged to rationalize their costs, in a context of fierce global competition and debt crisis, where loans are becoming more and more expensive and harder to get. Rationalization is today not only synonymous with good practices. It is a fundamental ingredient for survival. Frotcom is a tool to help companies implement that rationalization. Having a fleet without a tracking system makes just about as much sense as leaving the office’s lights on all night. As the global economy relentlessly imposes the need for tighter control of a company’s costs, Frotcom is ideally positioned to give a hand to fleet managers and company boards, in their responsibility to lower costs and improve productivity. That explains why in 2010, a year with so many economic downturns, Frotcom’s network and global turnover continued to grow: cost control is becoming more and more a priority, and Frotcom is being seen by clients as an excellent tool to help in this endeavor. ” Could have been written today, right? Unfortunately the debt crisis is becoming also a serious economic crisis in several parts of the world. With the decline in GDP in the Eurozone, for instance, the 17-member bloc just slipped into recession in the third quarter, for the second time in three years. Frotcom is mainly a tool to control costs and increase productivity. Customers know that. And that’s why Frotcom International is closing this fiscal year with yet another growth in revenues estimated to be close to 30%. Let me wish you and your family a Merry Christmas and a 2013 full of personal and professional successes. Valério Marques, CEO - Frotcom International