WHERE IS THE GROWTH?

It’s an important question and one that I
constantly think about – searching for the keys
that might answer this ever-changing challenge.

From a macro perspective, growth drives money flow, investment, government policies, and employment, along with an endless list of other business decisions. At Mullen, it’s simple. Growth, or lack thereof, drives our strategy and ultimately has a direct impact on all Mullen stakeholders. Growth generally is closely aligned with stock valuations, a very important and sensitive consideration for shareholders. But growth also has a significant impact on our employees and owner operators, who benefit from the security and advancement opportunities, as well as monetary gains that typically are associated with a growing organization.

In this year's Chairman's Message I will discuss the challenges, the opportunities and take a look at where the future might take our organization. I will also provide a recap of our 2012 performance, as well a little historical perspective as Mullen celebrates a milestone event in May 2013.

20 YEAR CELEBRATION

In May, Mullen will hold its 20th annual shareholder meeting as a publicly-traded company. To commemorate this accomplishment we will ring the opening bell at the Toronto Stock Exchange on May 9, 2013, and hold our Annual General Meeting in Toronto, Ontario later that afternoon.

On behalf of your Board of Directors, I extend a warm invitation to all of our shareholders in the Toronto area to join us at the St. Andrew's Club. We look forward to the opportunity to celebrate our 20th annual meeting of shareholders with our many loyal investors and friends in eastern Canada. More