2003 was a particularly exciting and active year at Pacific Community Ventures. We deployed $4 million to four growing companies. One of these investments was in our first Southern California portfolio business. Located near Los Angeles, Radiovisa is a producer and national syndicator of Spanish language radio programs and services targeting Hispanics of Mexican origin. During 2003, our business advisory services continued to thrive. We established new partnerships and conducted numerous forums and roundtables. Additionally, this year, we expanded our measurement and analysis of our social impact. With help from BTW Consultants and our portfolio businesses, we conducted our first portfolio business employee survey and heard directly from employees about their perspectives and experiences.
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