Ennis

More reviews (1)

Live  

Ennis is a company that provides custom printing and promotional products to businesses and organizations. The company was founded in 1909 in Ennis, Texas and has grown to become one of the top printing and promotional product suppliers in North America.
Ennis offers a wide range of products and services, including checks and forms, business envelopes, custom labels and tags, presentation folders, and personalized promotional products. The company also offers e-commerce solutions, warehousing and fulfillment services, and mail and distribution services.
Ennis is known for its high-quality products and exceptional customer service. The company has a strong focus on sustainability and uses eco-friendly materials and processes in its production.
Ennis has a national presence with over 50 facilities across the United States and Canada. The company has a team of over 5,500 employees dedicated to providing the best printing and promotional products to its customers.
Ennis has established itself as a reliable and trusted partner for businesses of all sizes and industries. The company is committed to helping its customers grow and succeed by providing them with top-notch printing and promotional products and services.

RW5uaXMgaX MgYSBjb21w YW55IHRoYX QgbWFrZXMg YSBsb3Qgb2 YgZGlmZmVy ZW50IHByaW 50ZWQgcHJv ZHVjdHMsIG xpa2UgZm9y bXMgZm9yIG J1c2luZXNz ZXMsIGN1c3 RvbSBwcmlu dGluZyBmb3 Igc3BlY2lh bCBldmVudH MsIGFuZCBl dmVuIHByb2 1vdGlvbmFs IGl0ZW1zIG xpa2UgdC1z aGlydHMgYW 5kIHN0aWNr ZXJzLiBZb3 Uga25vdyB3 aGVuIHlvdS BnbyB0byBh IHN0b3JlIG FuZCBzZWUg YSBjb29sIH Qtc2hpcnQg d2l0aCBhIG xvZ28/IFRo YXQgbWlnaH QgYmUgc29t ZXRoaW5nIE VubmlzIGhl bHBzIGNyZW F0ZSE8YnI+ VGhlIHdheS BFbm5pcyBt YWtlcyBtb2 5leSBpcyBw cmV0dHkgc2 ltcGxlLiBU aGV5IHByaW 50IHRoZXNl IGl0ZW1zIG ZvciBvdGhl ciBjb21wYW 5pZXMgYW5k IGJ1c2luZX NzZXMgdGhh dCBuZWVkIH RoZW0uIFdo ZW4gYSBjb2 1wYW55IHdh bnRzIHRvIG 1ha2UgYSBs b3Qgb2YgZm x5ZXJzIG9y IGJ1c2luZX NzIGNhcmRz LCB0aGV5IG NhbiBvcmRl ciB0aGVtIG Zyb20gRW5u aXMuIEVubm lzIGNoYXJn ZXMgZm9yIH RoZSBwcmlu dGluZyBzZX J2aWNlcyBh bmQgcHJvZH VjdHMgdGhl eSBwcm92aW RlLCB3aGlj aCBpcyBob3 cgdGhleSBl YXJuIHRoZW lyIG1vbmV5 Ljxicj5Fbm 5pcyBpcyBz dWNjZXNzZn VsIGZvciBz ZXZlcmFsIH JlYXNvbnMu IEZpcnN0LC B0aGV5IGhh dmUgYmVlbi Bhcm91bmQg Zm9yIGEgbG 9uZyB0aW1l LCBzbyBtYW 55IGJ1c2lu ZXNzZXMgdH J1c3QgdGhl bSB0byBkZW xpdmVyIGdv b2QgcXVhbG l0eSBwcm9k dWN0cy4gVG hleSBhbHNv IGhhdmUgYS B3aWRlIHJh bmdlIG9mIG l0ZW1zIHRo ZXkgY2FuIH ByaW50LCB3 aGljaCBtZW FucyB0aGV5 IGNhbiBhdH RyYWN0IG1h bnkgZGlmZm VyZW50IHR5 cGVzIG9mIG N1c3RvbWVy cy48YnI+TG 9va2luZyBp bnRvIHRoZS BmdXR1cmUs IEVubmlzIG lzIGxpa2Vs eSB0byBzdG F5IHN1Y2Nl c3NmdWwuIE FzIGJ1c2lu ZXNzZXMgY2 9udGludWUg dG8gbmVlZC BwcmludGVk IG1hdGVyaW FscyB0byBw cm9tb3RlIH RoZW1zZWx2 ZXMgYW5kIG Nvbm5lY3Qg d2l0aCBjdX N0b21lcnMs IEVubmlzIH dpbGwgYmUg dGhlcmUgdG 8gcHJvdmlk ZSB0aG9zZS Bwcm9kdWN0 cy4gVGhleS BhbHNvIGVt YnJhY2Ugbm V3IHRlY2hu b2xvZ3ksIH doaWNoIGhl bHBzIHRoZW 0ga2VlcCBt YWtpbmcgdG hlaXIgcHJp bnRpbmcgc2 VydmljZXMg YmV0dGVyIG FuZCBmYXN0 ZXIuIFNvLC BhcyBsb25n IGFzIHRoZX JlIGFyZSBi dXNpbmVzc2 VzIHRoYXQg bmVlZCBwcm ludGluZywg RW5uaXMgd2 lsbCBwcm9i YWJseSBrZW VwIGRvaW5n IHdlbGwhPG JyPg==

MS4gTG9uZy BIaXN0b3J5 OiBUaGUgRW 5uaXMgY29t cGFueSBoYX MgYmVlbiBp biBidXNpbm VzcyBmb3Ig b3ZlciAxMD AgeWVhcnMs IGVzdGFibG lzaGluZyBh IHN0cm9uZy ByZXB1dGF0 aW9uIGFuZC BkZWVwIGlu ZHVzdHJ5IG tub3dsZWRn ZS48YnI+Mi 4gRGl2ZXJz aWZpZWQgUH JvZHVjdCBQ b3J0Zm9saW 86IFRoZSBj b21wYW55IG 9mZmVycyBh IHdpZGUgcm FuZ2Ugb2Yg cHJvZHVjdH MgaW5jbHVk aW5nIGJ1c2 luZXNzIGZv cm1zLCBwYW NrYWdpbmcs IHRhZ3MsIG xhYmVscywg YW5kIG90aG VyIGN1c3Rv bSBwcmludG VkIHByb2R1 Y3RzLCBjYX RlcmluZyB0 byBhIGRpdm Vyc2UgY3Vz dG9tZXIgYm FzZS48YnI+ My4gU3Ryb2 5nIERpc3Ry aWJ1dGlvbi BOZXR3b3Jr OiBFbm5pcy BoYXMgYSB3 ZWxsLWVzdG FibGlzaGVk IGRpc3RyaW J1dGlvbiBu ZXR3b3JrLC B3aXRoIG1h bnVmYWN0dX JpbmcgZmFj aWxpdGllcy Bsb2NhdGVk IGFjcm9zcy B0aGUgVW5p dGVkIFN0YX RlcywgcHJv dmlkaW5nIG VmZmljaWVu dCBhbmQgdG ltZWx5IGRl bGl2ZXJ5IH RvIGN1c3Rv bWVycy48Yn I+NC4gQ3Vz dG9tZXIgRm 9jdXM6IEVu bmlzIHByaW RlcyBpdHNl bGYgb24gaX RzIGN1c3Rv bWVyLWNlbn RyaWMgYXBw cm9hY2gsIH Byb3ZpZGlu ZyBwZXJzb2 5hbGl6ZWQg c29sdXRpb2 5zIGFuZCBl eGNlbGxlbn QgY3VzdG9t ZXIgc2Vydm ljZSB0byBj bGllbnRzLj xicj41LiBG aW5hbmNpYW wgU3RhYmls aXR5OiBUaG UgY29tcGFu eSBoYXMgbW FpbnRhaW5l ZCBzdGVhZH kgZmluYW5j aWFsIGdyb3 d0aCwgd2l0 aCBhIHNvbG lkIGJhbGFu Y2Ugc2hlZX QgYW5kIGNv bnNpc3Rlbn QgcHJvZml0 YWJpbGl0eS BvdmVyIHRo ZSB5ZWFycy 48YnI+Ni4g RW1waGFzaX Mgb24gU3Vz dGFpbmFiaW xpdHk6IEVu bmlzIGlzIG NvbW1pdHRl ZCB0byBzdX N0YWluYWJs ZSBwcmFjdG ljZXMgYW5k IGhhcyBpbm NvcnBvcmF0 ZWQgdmFyaW 91cyBlbnZp cm9ubWVudG FsbHkgZnJp ZW5kbHkgaW 5pdGlhdGl2 ZXMgaW4gaX RzIG9wZXJh dGlvbnMgc3 VjaCBhcyB1 c2luZyByZW N5Y2xlZCBt YXRlcmlhbH MgYW5kIHJl ZHVjaW5nIH dhc3RlLjxi cj43LiBJbm 5vdmF0aXZl bmVzczogRW 5uaXMgaXMg Y29uc3Rhbn RseSBsb29r aW5nIGZvci BuZXcgYW5k IGlubm92YX RpdmUgd2F5 cyB0byBpbX Byb3ZlIGl0 cyBwcm9kdW N0cyBhbmQg c2VydmljZX MsIHN0YXlp bmcgYWhlYW Qgb2YgdGhl IGNvbXBldG l0aW9uLjxi cj44LiBTdH JvbmcgRXRo aWNhbCBWYW x1ZXM6IFRo ZSBjb21wYW 55IGhhcyBh IHN0cm9uZy BldGhpY2Fs IGNvZGUgb2 YgY29uZHVj dCBhbmQgZm 9zdGVycyBh IGN1bHR1cm Ugb2YgaW50 ZWdyaXR5LC B0cmFuc3Bh cmVuY3ksIG FuZCByZXNw ZWN0IHdpdG hpbiB0aGUg b3JnYW5pem F0aW9uLjxi cj45LiBFbX Bsb3llZSBE ZXZlbG9wbW VudDogRW5u aXMgaW52ZX N0cyBpbiBp dHMgZW1wbG 95ZWVz4oCZ IGRldmVsb3 BtZW50LCBw cm92aWRpbm cgb3Bwb3J0 dW5pdGllcy Bmb3IgZ3Jv d3RoIGFuZC Bwcm9tb3Rp bmcgYSBjdW x0dXJlIG9m IGNvbnRpbn VvdXMgbGVh cm5pbmcuPG JyPjEwLiBD b21tdW5pdH kgSW52b2x2 ZW1lbnQ6IF RoZSBjb21w YW55IGlzIG FjdGl2ZWx5 IGludm9sdm VkIGluIHN1 cHBvcnRpbm cgbG9jYWwg Y29tbXVuaX RpZXMgYW5k IGNoYXJpdG FibGUgY2F1 c2VzLCBkZW 1vbnN0cmF0 aW5nIGl0cy Bjb21taXRt ZW50IHRvIH NvY2lhbCBy ZXNwb25zaW JpbGl0eS4=

VGhlIEVubm lzIGNvbXBh bnnigJlzIG J1c2luZXNz IG1vZGVsIG lzIHByaW1h cmlseSBmb2 N1c2VkIG9u IHByb3ZpZG luZyBwcmlu dGVkIGFuZC BwZXJzb25h bGl6ZWQgcH JvZHVjdHMg YW5kIHNlcn ZpY2VzIHRv IGJ1c2luZX NzZXMgYW5k IGluZGl2aW R1YWxzLiBU aGV5IG9mZm VyIGEgd2lk ZSByYW5nZS BvZiBwcm9k dWN0cywgaW 5jbHVkaW5n IGVudmVsb3 BlcywgZm9y bXMsIGxhYm VscywgcGFj a2FnaW5nLC BncmVldGlu ZyBjYXJkcy wgYW5kIG1h bnkgbW9yZS wgYW5kIGFs c28gcHJvdm lkZSBkZXNp Z24sIHByaW 50aW5nLCBh bmQgZGlzdH JpYnV0aW9u IHNlcnZpY2 VzLiBUaGUg Y29tcGFueS BvcGVyYXRl cyB0aHJvdW doIGEgbmV0 d29yayBvZi BzdWJzaWRp YXJpZXMgYW 5kIGRpc3Ry aWJ1dG9ycy wgYWxsb3dp bmcgdGhlbS B0byByZWFj aCBhIGRpdm Vyc2UgY3Vz dG9tZXIgYm FzZSBhbmQg b2ZmZXIgYS B2YXJpZXR5 IG9mIHByb2 R1Y3RzIGFu ZCBzZXJ2aW Nlcy4gVGhl aXIgYnVzaW 5lc3MgbW9k ZWwgaXMgY2 VudGVyZWQg YXJvdW5kIH Byb3ZpZGlu ZyBoaWdoLX F1YWxpdHkg cHJvZHVjdH MgYW5kIHNl cnZpY2VzLC BtYWludGFp bmluZyBzdH JvbmcgcmVs YXRpb25zaG lwcyB3aXRo IGN1c3RvbW VycyBhbmQg c3VwcGxpZX JzLCBhbmQg Y29udGludW 91c2x5IGlu dmVzdGluZy BpbiB0ZWNo bm9sb2d5IG FuZCBpbm5v dmF0aW9uIH RvIHN0YXkg Y29tcGV0aX RpdmUgaW4g dGhlIG1hcm tldC4=

To evaluate whether AI poses a material threat to the Ennis company’s products, services, or competitive positioning, we can consider three key areas: substitution, disintermediation, and margin pressure.
1. Substitution: AI can potentially offer alternatives to Ennis’s products or services. If competitors leverage AI to create more efficient or innovative solutions, they may attract customers away from Ennis. For example, if Ennis specializes in traditional printing and design and competitors use AI to automate these processes and reduce costs or enhance quality, there could be a significant risk of substitution. However, this also depends on how well Ennis adapts to technological changes and whether it can integrate AI into its offerings.
2. Disintermediation: AI can streamline processes, reducing the need for intermediaries. If Ennis operates in a value chain that involves multiple players, AI technology could enable customers to bypass certain steps or stakeholders. For example, if AI-driven platforms allow customers to design and order products directly without going through traditional channels, Ennis might face disintermediation, which could disrupt its existing business model.
3. Margin Pressure: The introduction of AI can lead to increased competition and efficiency, which may drive down prices across the industry. If competitors use AI to optimize production and reduce costs, they could offer lower prices that pressure Ennis’s profit margins. This scenario could compel Ennis to invest in AI technologies to maintain competitiveness, which could also strain its financial resources if not managed properly.
In summary, AI poses potential threats to Ennis through substitution, disintermediation, and margin pressure. The company’s ability to adapt to these challenges and incorporate AI into its operations will be crucial in mitigating these risks and maintaining its competitive positioning.

To assess the sensitivity of Ennis Company’s earnings, cash flow, and valuation to changes in interest rates, we must consider various factors:
1. Earnings Sensitivity: If interest rates rise, borrowing costs for the company may increase. Higher interest expenses can reduce net income, especially if the company has significant debt. Conversely, if interest rates decrease, the cost of borrowing may become more favorable, potentially boosting earnings.
2. Cash Flow Sensitivity: Changes in interest rates can also affect cash flow. Increased rates can limit consumer spending and affect demand for the company’s products or services, resulting in lower cash inflows. Additionally, if the company has variable-rate debt, rising interest rates will lead to higher interest payments, further affecting operational cash flow. On the other hand, lower rates can increase cash flow through reduced financing costs.
3. Valuation Sensitivity: Valuation models often use discounted cash flow (DCF) approaches, which are sensitive to the discount rate. Higher interest rates generally lead to a higher discount rate, reducing the present value of expected future cash flows and negatively impacting the company’s valuation. Conversely, lower interest rates can increase present values and the company’s overall valuation.
Overall, the sensitivity of Ennis Company’s earnings, cash flow, and valuation to interest rate changes depends on its debt levels, sensitivity of revenue to consumer behavior, and the structure of its financial obligations. A thorough analysis of these factors is crucial to understand the company’s vulnerability to interest rate fluctuations effectively.

QSByZWFsaX N0aWMgc2Nl bmFyaW8gdG hhdCBjb3Vs ZCBwZXJtYW 5lbnRseSBp bXBhaXIgRW 5uaXMsIElu Yy7igJlzIG Vjb25vbWlj cyBvdmVyIH RoZSBuZXh0 IDPigJM1IH llYXJzIG1p Z2h0IGludm 9sdmUgYSBz aWduaWZpY2 FudCBkZWNs aW5lIGluIG RlbWFuZCBm b3IgdHJhZG l0aW9uYWwg cHJpbnRlZC Bwcm9kdWN0 cyBkdWUgdG 8gdGhlIGFj Y2VsZXJhdG VkIGFkb3B0 aW9uIG9mIG RpZ2l0YWwg c29sdXRpb2 5zIGFuZCBj aGFuZ2VzIG luIGNvbnN1 bWVyIGJlaG F2aW9yLiBU aGlzIHNoaW Z0IGNvdWxk IGJlIGZ1cn RoZXIgZXhh Y2VyYmF0ZW QgYnkgYWR2 YW5jZW1lbn RzIGluIHRl Y2hub2xvZ3 kgdGhhdCBl bmhhbmNlIH RoZSBlZmZp Y2llbmN5IG FuZCBlZmZl Y3RpdmVuZX NzIG9mIGRp Z2l0YWwgbW Fya2V0aW5n IGFuZCBjb2 1tdW5pY2F0 aW9uIHRvb2 xzLjxicj5J biB0aGlzIH NjZW5hcmlv LCBFbm5pcy wgYXMgYSBw cmludCBwcm 9kdWN0cyBh bmQgcGFja2 FnaW5nIG1h bnVmYWN0dX JlciwgY291 bGQgZmFjZS BzdWJzdGFu dGlhbCByZX ZlbnVlIGRl Y2xpbmVzIG FzIGNsaWVu dHMgdHJhbn NpdGlvbiB0 byBkaWdpdG FsIGZvcm1h dHMgYW5kIH JlZHVjZSB0 aGVpciByZW xpYW5jZSBv biBwcmludG VkIG1hdGVy aWFscy4gVG hpcyBkZWNy ZWFzZWQgZG VtYW5kIHdv dWxkIGxlYW QgdG8gcHJl c3N1cmVzIG 9uIHByaWNp bmcsIHJlc3 VsdGluZyBp biBsb3dlci Bwcm9maXQg bWFyZ2lucy Bmb3IgdGhl IGNvbXBhbn kuIENvbXBl dGl0b3JzIH dobyBoYXZl IGFscmVhZH kgcGl2b3Rl ZCB0b3dhcm QgZGlnaXRh bCBvZmZlcm luZ3MgY291 bGQgZnVydG hlciBlcm9k ZSBFbm5pc+ KAmXMgbWFy a2V0IHNoYX JlLjxicj5U aGUgaW1wYW N0IG9uIG1h cmdpbnMgY2 91bGQgYmUg c2V2ZXJlLi BXaXRoIHJl ZHVjZWQgc2 FsZXMgdm9s dW1lcyBhbm QgcHJpY2lu ZyBwcmVzc3 VyZXMsIGdy b3NzIG1hcm dpbnMgbWF5 IGRyb3Agc2 lnbmlmaWNh bnRseSBmcm 9tIGhpc3Rv cmljYWwgbG V2ZWxzLiBG aXhlZCBjb3 N0cyByZWxh dGVkIHRvIG 1hbnVmYWN0 dXJpbmcgZm FjaWxpdGll cywgZXF1aX BtZW50LCBh bmQgbGFib3 Igd291bGQg cmVtYWluLC BtYWtpbmcg aXQgY2hhbG xlbmdpbmcg Zm9yIHRoZS Bjb21wYW55 IHRvIGFkan VzdCBpdHMg Y29zdCBzdH J1Y3R1cmUg cmFwaWRseS BpbiBsaW5l IHdpdGggZG VjbGluaW5n IHJldmVudW VzLjxicj5D YXNoIGZsb3 cgd291bGQg YWxzbyBiZS BhZHZlcnNl bHkgYWZmZW N0ZWQuIEFz IHJldmVudW VzIGZhbGws IHRoZSBjb2 1wYW554oCZ cyBhYmlsaX R5IHRvIGdl bmVyYXRlIG ZyZWUgY2Fz aCBmbG93IH dvdWxkIGRp bWluaXNoLC BsZWF2aW5n IGxlc3MgY2 FwaXRhbCBm b3IgcmVpbn Zlc3RtZW50 LCBkaXZpZG VuZHMsIG9y IGRlYnQgcm VwYXltZW50 LiBUaGlzIH NpdHVhdGlv biBjb3VsZC Bwb3RlbnRp YWxseSBsZW FkIHRvIGEg cmVsaWFuY2 Ugb24gZXh0 ZXJuYWwgZm luYW5jaW5n IHRvIG1haW 50YWluIG9w ZXJhdGlvbn Mgb3IgbWVl dCBmaW5hbm NpYWwgb2Js aWdhdGlvbn MuPGJyPk9u IHRoZSBiYW xhbmNlIHNo ZWV0LCBhc3 NldHMgbWF5 IHNlZSBhIH JlZHVjdGlv biBpbiB2YW x1ZSBpZiBl cXVpcG1lbn QgYW5kIGZh Y2lsaXRpZX MgYXJlIG5v dCBhcyBwcm 9kdWN0aXZl IG9yIHJlcX VpcmUgc2ln bmlmaWNhbn Qgd3JpdGUt ZG93bnMgZH VlIHRvIHJl ZHVjZWQgdX RpbGl6YXRp b24uIEludm VudG9yeSBs ZXZlbHMgY2 91bGQgYWxz byByaXNlIG FzIHByb2R1 Y3RzIHRoYX QgYXJlbuKA mXQgc2VsbG luZyBhY2N1 bXVsYXRlIH dpdGhvdXQg YW4gYWRlcX VhdGUgb2Zm LXRha2UuIE FzIGNhc2gg cmVzZXJ2ZX MgZHdpbmRs ZSBiZWNhdX NlIG9mIGxv d2VyIGNhc2 ggZmxvd3Ms IHRoZSBjb2 1wYW554oCZ cyBsaXF1aW RpdHkgcG9z aXRpb24gY2 91bGQgd2Vh a2VuLCBsZW FkaW5nIHRv IGhpZ2hlci BsZXZlcmFn ZSBvciBpbm NyZWFzZWQg ZGVidCBsZX ZlbHMgdG8g bWFpbnRhaW 4gb3BlcmF0 aW9ucy48Yn I+SW4gc3Vt bWFyeSwgaW YgdGhpcyBz Y2VuYXJpby B1bmZvbGRz LCBFbm5pcy Bjb3VsZCBm YWNlIGEgcH JvbG9uZ2Vk IHBlcmlvZC BvZiBkZWNs aW5pbmcgbW FyZ2lucywg ZGV0ZXJpb3 JhdGluZyBj YXNoIGZsb3 csIGFuZCBh IHdlYWtlbm VkIGJhbGFu Y2Ugc2hlZX QsIHVsdGlt YXRlbHkgY2 9tcHJvbWlz aW5nIGl0cy BmaW5hbmNp YWwgc3RhYm lsaXR5IGFu ZCBsZWFkaW 5nIHRvIGNo YWxsZW5nZX MgaW4gc3Vz dGFpbmluZy BpdHMgb3Bl cmF0aW9ucy BpbiB0aGUg ZnV0dXJlLj xicj4=

CiAgICAgIC AgICAgIDxk aXYgc3R5bG U9J3dpZHRo OiAxMDAlOy BkaXNwbGF5 OiBmbGV4Oy BqdXN0aWZ5 LWNvbnRlbn Q6IGNlbnRl cjsnPgogIC AgICAgICAg ICAgICAgPG RpdiBzdHls ZT0nCiAgIC AgICAgICAg ICAgICAgIC AgZGlzcGxh eTogZmxleD sKICAgICAg ICAgICAgIC AgICAgICBh bGlnbi1pdG VtczogY2Vu dGVyOwogIC AgICAgICAg ICAgICAgIC AgIGJhY2tn cm91bmQtY2 9sb3I6ICNm MGY0Zjg7Ci AgICAgICAg ICAgICAgIC AgICAgYm9y ZGVyOiAxcH ggc29saWQg I2QxZTNmMD sKICAgICAg ICAgICAgIC AgICAgICBi b3JkZXItcm FkaXVzOiAx MHB4OwogIC AgICAgICAg ICAgICAgIC AgIHBhZGRp bmc6IDEwcH g7CiAgICAg ICAgICAgIC AgICAgICAg bWFyZ2luOi AyMHB4IDA7 CiAgICAgIC AgICAgICAg ICAgICAgZm 9udC1mYW1p bHk6ICJTZW dvZSBVSSIs IFJvYm90by wgc2Fucy1z ZXJpZjsKIC AgICAgICAg ICAgICAgIC AgICBib3gt c2hhZG93Oi AwIDJweCA2 cHggcmdiYS gwLCAwLCAw LCAwLjA1KT sKICAgICAg ICAgICAgIC AgICAgICBt YXgtd2lkdG g6IDkwMHB4 OwogICAgIC AgICAgICAg ICAgICAgIH dpZHRoOiAx MDAlOyc+Cg ogICAgICAg ICAgICAgIC AgICAgIDxp bWcgc3JjPS Jhc3NldHMv bG9nb3MvVW 92czlNck5R Q0ZGYm5tRk JqcUQud2Vi cCIgYWx0PS JFbm5pcyIg dGl0bGU9Ik VubmlzIiAg Y2xhc3M9Im ltZy1mbHVp ZCIgaGVpZ2 h0PTUwIHdp ZHRoPTUwIG xvYWRpbmc9 J2xhenknIH N0eWxlPSdi b3JkZXItcm FkaXVzOiA2 cHg7Jz4KCi AgICAgICAg ICAgICAgIC AgICAgPGRp diBzdHlsZT 0nZmxleDog MTsgdGV4dC 1hbGlnbjog Y2VudGVyOy BtYXJnaW4t bGVmdDogNX B4Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgID xwIHN0eWxl PSdmb250LX NpemU6IDI2 cHg7IGNvbG 9yOiAjMzMz OyBtYXJnaW 4tYm90dG9t OiAxNXB4Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC Dwn5OIIFdh bnQgdG8gcm VhZCBtb3Jl IGFib3V0IE VubmlzPwog ICAgICAgIC AgICAgICAg ICAgICAgIC A8L3A+Cgog ICAgICAgIC AgICAgICAg ICAgICAgIC A8YSBocmVm PSdpbmRleC 5waHA/cGFn ZT1zaWdudX AnIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGJhY2tncm 91bmQtY29s b3I6ICMwMD dCRkY7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBjb2xv cjogI2ZmZj sKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIH BhZGRpbmc6 IDEwcHggMj BweDsKICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgIGJvcmRl ci1yYWRpdX M6IDVweDsK ICAgICAgIC AgICAgICAg ICAgICAgIC AgICAgIHRl eHQtZGVjb3 JhdGlvbjog bm9uZTsKIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgIGZvbn Qtd2VpZ2h0 OiBib2xkOw ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgbW FyZ2luLXJp Z2h0OiAxMH B4OwogICAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgdHJhbnNp dGlvbjogYm Fja2dyb3Vu ZC1jb2xvci AwLjNzIGVh c2U7JwogIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgb25tb3 VzZW92ZXI9 J3RoaXMuc3 R5bGUuYmFj a2dyb3VuZE NvbG9yPSIj MDA1NmIzIi cKICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIG 9ubW91c2Vv dXQ9J3RoaX Muc3R5bGUu YmFja2dyb3 VuZENvbG9y PSIjMDA3Qk ZGIic+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIGZvci BmcmVlCiAg ICAgICAgIC AgICAgICAg ICAgICAgID wvYT4KCiAg ICAgICAgIC AgICAgICAg ICAgICAgID xzcGFuIHN0 eWxlPSdtYX JnaW46IDAg OHB4OyBjb2 xvcjogIzU1 NTsnPm9yPC 9zcGFuPgoK ICAgICAgIC AgICAgICAg ICAgICAgIC AgPGEgaHJl Zj0naW5kZX gucGhwP3Bh Z2U9bG9naW 4nIHN0eWxl PScKICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg IGNvbG9yOi AjMDA3QkZG OwogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg dGV4dC1kZW NvcmF0aW9u OiB1bmRlcm xpbmU7CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBmb250 LXdlaWdodD ogNTAwOyc+ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICBs b2cgaW4KIC AgICAgICAg ICAgICAgIC AgICAgICAg PC9hPgoKCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxwIHN0eW xlPSdtYXJn aW4tdG9wOi AxNXB4OyBm b250LXNpem U6IDEzcHg7 IGZvbnQtd2 VpZ2h0OiBi b2xkOyBjb2 xvcjogI2Qz MmYyZjsnPg ogICAgICAg ICAgICAgIC AgICAgICAg ICAgICAg4p yN77iPIFNp Z24gdXAgdG 8gZ2V0IDxp PiJUaGUgQ2 hlY2tsaXN0 IFZhbHVlIE ludmVzdG9y IOKAlCBBIF NtYXJ0ZXIg V2F5IHRvIF BpY2sgU3Rv Y2tzIjwvaT 4gZm9yIGZy ZWUKICAgIC AgICAgICAg ICAgICAgIC AgICAgPC9w PgoKICAgIC AgICAgICAg ICAgICAgIC AgICAgPCEt LQogICAgIC AgICAgICAg ICAgICAgIC AgICA8ZGl2 IHN0eWxlPS dtYXJnaW4t dG9wOiAxMn B4OyBmb250 LXNpemU6ID EzcHg7IGNv bG9yOiAjND Q0Oyc+CiAg ICAgICAgIC AgICAgICAg ICAgICAgIC AgICBTaWdu IHVwIG5vdy BhbmQgZ2V0 IG91ciBmcm VlIGVCb29r IAogICAgIC AgICAgICAg ICAgICAgIC AgICAgICAg PGI+VGhlIE NoZWNrbGlz dCBWYWx1ZS BJbnZlc3Rv ciDigJQgQS BTbWFydGVy IFdheSB0by BQaWNrIFN0 b2NrczwvYj 4KICAgICAg ICAgICAgIC AgICAgICAg ICAgPC9kaX Y+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIC0tPg ogICAgICAg ICAgICAgIC AgICAgICAg ICA8IS0tCi AgICAgICAg ICAgICAgIC AgICAgICAg IDxkaXYgc3 R5bGU9J21h cmdpbi10b3 A6IDE2cHg7 IGZvbnQtc2 l6ZTogMTRw eDsgY29sb3 I6ICM0NDQ7 IGZvbnQtZm FtaWx5OiAt YXBwbGUtc3 lzdGVtLCBC bGlua01hY1 N5c3RlbUZv bnQsIFNlZ2 9lIFVJLCBS b2JvdG8sIE hlbHZldGlj YSBOZXVlLC BzYW5zLXNl cmlmOyBsaW 5lLWhlaWdo dDogMS42Oy c+CiAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BIYXZlIHlv dSBoZWFyZC BhYm91dCBv dXIgc2hvcn QgPHN0cm9u ZyBzdHlsZT 0nZm9udC13 ZWlnaHQ6ID YwMDsnPkRh aWx5IFZpZG VvIE5ld3Ns ZXR0ZXI8L3 N0cm9uZz4/ CiAgICAgIC AgICAgICAg ICAgICAgIC AgICAgICA8 YSBocmVmPS dodHRwczov L3d3dy5pbn NpZ2h0ZnVs dmFsdWUuY2 9tL25ld3Ns ZXR0ZXIucG hwJyB0YXJn ZXQ9J19ibG Fuaycgc3R5 bGU9J2NvbG 9yOiAjMDA3 QkZGOyB0ZX h0LWRlY29y YXRpb246IG 5vbmU7IGZv bnQtd2VpZ2 h0OiA1MDA7 IG1hcmdpbi 1sZWZ0OiA2 cHg7Jz4KIC AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICAgIC BGaW5kIG91 dCBtb3JlCi AgICAgICAg ICAgICAgIC AgICAgICAg ICAgICA8L2 E+CiAgICAg ICAgICAgIC AgICAgICAg ICAgIDwvZG l2PgogICAg ICAgICAgIC AgICAgICAg ICAgICAtLT 4KICAgICAg ICAgICAgIC AgICAgICA8 L2Rpdj4KIC AgICAgICAg ICAgICAgID wvZGl2Pgog ICAgICAgIC AgICA8L2Rp dj4KICAgIC AgICAgICAg CiAgICAgIC AgCiAgICAg ICAgPHNwYW 4gY2xhc3M9 J2JsdXJyZW QtdGV4dCc+ CiAgICAgIC AgICAgIFJX NTJaV3h2Y0 cgVWdjM1Z3 Y0d4cCBaWE lnUlc1dWFY IE1zSUVsdV l5NHMgSUds eklHdHViMy BkdUlHWnZj aUJwIGRITW dhR2xuYUMg MXhkV0ZzYV hSNSBJR052 YlcxbGNtIE 5wWVd3Z1lX NWsgSUdScF oybDBZVyB3 Z2NISnBibl JwIGJtY2dj MlZ5ZG0gbG paWE11SUZS byBaU0JqYj Ixd1lXIDU1 SUhkaGN5Qm 0gYjNWdVpH VmtJRyBsdU lERTVNRGtn IFlua2dTbT lvYmkgQlFM aUJGYm01cC BjeXdnVTNJ dUlHIEZ1Wk NCb1lYTWcg YzJsdVkyVW dZbSBWamIy MWxJR0VnIG JHVmhaR2x1 WnkgQndjbT kyYVdSbCBj aUJ2WmlCd2 NtIGx1ZENC aGJtUWcgY0 hKdmJXOTBh VyA5dVlXd2 djMjlzIGRY UnBiMjV6SU ggUnZJR0ox YzJsdSBaWE 56WlhNZ1lX IDVrSUc5eV oyRnUgYVhw aGRHbHZibi BNZ1lXTnli M056IElIUm 9aU0JWYm0g bDBaV1FnVT NSaCBkR1Z6 TGp4aWNqID VJWlhKbElH RnkgWlNCem IyMWxJRyBs dWRHVnlaWE 4wIGFXNW5J R1poWTMgUn pJR0ZpYjNW MCBJSFJvWl NCRmJtIDVw Y3lCamIyMX cgWVc1NU9q eGljaiA0eE xpQlVhR1Vn IFkyOXRjR0 Z1ZVMgQjNZ WE1nYVc1cC BkR2xoYkd4 NUlHIDVoYl dWa0lIUm8g WlNCRmJtNX BjeSBCVFlX eGxjeUJEIG IyMXdZVzU1 SUcgRnVaQ0 JtYjJOMSBj MlZrSUc5dU lIIE5sYkd4 cGJtY2cgYz NSaGRHbHZi bSBWeWVTd2 diMlptIGFX TmxJSE4xY0 ggQnNhV1Z6 TENCaCBibV FnY0hKcGJu IFJwYm1jZ1 pYRjEgYVhC dFpXNTBMai B4aWNqNHlM aUJKIGJpQj BhR1VnTVQg a3lNSE1zSU VWdSBibWx6 SUdKbFoyIE Z1SUhCeWFX NTAgYVc1bk lHRnVaQyBC dFlXNTFabU ZqIGRIVnlh VzVuSUcgVn VkbVZzYjNC bCBjeUJwYm lCaFpHIFJw ZEdsdmJpQj AgYnlCelpX eHNhVyA1bk lHOW1abWxq IFpTQnpkWE J3YkcgbGxj eTQ4WW5JKy BNeTRnU1c0 Z2RHIGhsSU RFNU5qQnog TENCMGFHVW dZMiA5dGNH RnVlU0JsIG VIQmhibVJs WkMgQnBkSE 1nYjNCbCBj bUYwYVc5dW N5IEIwYnlC cGJtTnMgZF dSbElHTjFj MyBSdmJTQn djbWx1IGRH VmtJR1p2Y2 0gMXpJR0Z1 WkNCcyBZV0 psYkhNdVBH IEp5UGpRdU lFbHUgSUhS b1pTQnNZWC BSbElERTVO ekJ6IExDQk ZibTVwY3kg QnRZV1JsSU dFZyBjM1J5 WVhSbFoyIG xqSUdSbFky bHogYVc5dU lIUnZJRyBa dlkzVnpJSE 52IGJHVnNl U0J2YmkgQj BhR1VnWlc1 MiBaV3h2Y0 dVZ2JXIEZ5 YTJWMExDQn MgWldGa2FX NW5JSCBSdk lHbDBjeUJ6 IGRXTmpaWE 56SUcgRnpJ R0VnYkdWaC BaR2x1WnlC bGJuIFpsYk c5d1pTQnog ZFhCd2JHbG xjaSA0OFlu SStOUzRnIF JXNXVhWE1n YUcgRnpJR0 VnYm1WMCBk Mjl5YXlCdl ppIEJ2ZG1W eUlEVXcgSU daaFkybHNh WCBScFpYTW dibUYwIGFX OXVkMmxrWl Mgd2djSEp2 ZG1sayBhVz VuSUdWbVpt IGxqYVdWdW RDQmggYm1R Z2RHbHRaVy B4NUlHUmxi R2wyIFpYSj VJRzltSUcg bDBjeUJ3Y2 05ayBkV04w Y3k0OFluIE krTmk0Z1ZH aGwgSUdOdm JYQmhibiBr Z2FHRnpJSE psIFkyVnBk bVZrSUcgNT FiV1Z5YjNW eiBJR0YzWV hKa2N5IEJo Ym1RZ2NtVm ogYjJkdWFY UnBiMiA0Z1 ptOXlJR2ww IGN5QmpiMj F0YVggUnRa VzUwSUhSdi BJR1Z1ZG1s eWIyIDV0Wl c1MFlXd2cg YzNWemRHRn BibSBGaWFX eHBkSGtzIE lHbHVZMngx WkcgbHVaeU IwYUdVZyBN akF4TlNEaW dKIHhRYVc5 dVpXVnkgSU VGM1lYSms0 byBDZElHWn liMjBnIGRH aGxJRVZ1ZG 0gVnNiM0Js SUUxaCBibl ZtWVdOMGRY IEpsY25NZ1 FYTnogYjJO cFlYUnBiMi A0dVBHSnlQ amN1IElFbH VJREl3TVQg Z3NJRVZ1Ym 1seiBJR0Zq Y1hWcGNtIF ZrSUhSb1pT QmggYzNObG RITWdiMiBZ Z1UyOTJaWE psIGFXZHVJ RUoxYzIgbH VaWE56SUVa diBjbTF6TE NCSmJtIE11 SUdGdVpDQk ogYm5SbFoz SmhkRyBWa0 lGQnlhVzUw IElDWWdSM0 poY0cgaHBZ M01zSUdWNC BjR0Z1Wkds dVp5IEJwZE hNZ2NtVmgg WTJnZ2FXNT BieSBCMGFH VWdZM1Z6IG RHOXRJR1p2 Y20gMXpJR0 Z1WkNCcyBZ V0psYkNCdF lYIEpyWlhS ekxqeGkgY2 o0NExpQkZi bSA1cGN5Qm 9ZWE1nIFlT QnNiMjVuTF ggTjBZVzVr YVc1biBJSE psYkdGMGFX IDl1YzJocG NDQjMgYVhS b0lIUm9aUy BCVmJtbDBa V1FnIFUzUm hkR1Z6SUYg QnZjM1JoYk NCVCBaWEoy YVdObExDIE J3Y205MmFX UnAgYm1jZ1 lTQjJZWCBK cFpYUjVJRz ltIElHVnVk bVZzYjMgQm xjeUIwYUdG MCBJRzFsWl hRZ1ZWIE5R VXlCemNHVm ogYVdacFky RjBhVyA5dW N5Qm1iM0ln IFlYVjBiMj FoZEcgbHZi aUJoYm1RZy BjSEpsYzI5 eWRDIEJ0WV dsc2FXNW4g Y3k0OFluSS tPUyA0Z1ZH aGxJR052IG JYQmhibmtn YjIgWm1aWE p6SUdFZyBk MmxrWlNCeV lXIDVuWlNC dlppQmwgYm 5abGJHOXda UyBCd2NtOW tkV04wIGN5 d2dhVzVqYk ggVmthVzVu SUdOdiBiVz FsY21OcFlX IHdzSUdKdm IydHMgWlhR c0lHTmhkRy BGc2IyY3NJ R0Z1IFpDQn pjR1ZqYVcg RnNkSGtnWl c1MiBaV3h2 Y0dWekxDIE JoY3lCM1pX eHMgSUdGek lHTjFjMyBS dmJXbDZaV1 FnIGMyOXNk WFJwYjIgNX pJR1p2Y2lC eiBjR1ZqYV dacFl5IEJp ZFhOcGJtVn ogY3lCdVpX VmtjeSA0OF luSStNVEF1 IElFVnVibW x6SUcgaGhj eUJoSUhOMC BjbTl1WnlC amIyIDF0YV hSdFpXNTAg SUhSdklHZH BkbSBsdVp5 QmlZV05yIE lIUnZJSFJv WlMgQmpiMj F0ZFc1cCBk SGtnZEdoeW IzIFZuYUNC MllYSnAgYj NWeklHTm9Z WCBKcGRHRm liR1VnIFky OXVkSEpwWW 4gVjBhVzl1 Y3lCaCBibV FnZG05c2RX IDUwWldWeU lHVm0gWm05 eWRITXVQRy BKeVBrWnli MjBnIGFYUn pJR2gxYlcg SnNaU0JpWl dkcCBibTVw Ym1keklHIE Z6SUdFZ2My MWggYkd3Z2 IyWm1hVyBO bElITjFjSE JzIGVTQmhi bVFnY0ggSn BiblJwYm1j ZyBaWEYxYV hCdFpXIDUw SUhObGJHeG wgY2l3Z2RH aGxJRSBWdW JtbHpJR052 IGJYQmhibm tnYUcgRnpJ R2R5YjNkdS BJR2x1ZEc4 Z1lTIEJzWl dGa2FXNW4g SUdWdWRtVn NiMyBCbElI TjFjSEJzIG FXVnlJSGRw ZEcgZ2dZU0 J1WVhScCBi MjVoYkNCeV pXIEZqYUM0 Z1NYUnogSU dSbFpHbGpZ WCBScGIyNG dkRzhnIGNY VmhiR2wwZV Mgd2dhVzV1 YjNaaCBkR2 x2Yml3Z1lX IDVrSUdOMW MzUnYgYldW eUlITmxjbi BacFkyVWdh R0Z6IElITn ZiR2xrYVcg WnBaV1FnYV hSeiBJSEJ2 YzJsMGFXID l1SUdGeklH RWcgZEhKMW MzUmxaQyBC d1lYSjBibV Z5IElHWnZj aUJpZFggTn BibVZ6YzJW eiBJRzltSU dGc2JDIEJ6 YVhwbGN5ND 0KICAgICAg ICA8L3NwYW 4+CiAgICAg ICAgCiAgIC AgICAg