gains and losses as a result of U.S. dollar to local currency exchange movements.
Extraordinary Gain  In 1999 the Company re c o rded an extraord i n a ry gain of $2.8 million (net of income taxes of $0) following its re p u rchase of
a portion of its Senior Discount Notes. The gain r e p resents the diff e rence between the allocated carrying value of the face value of the debt
re p u rchased of $8.1 million less the consideration paid of $5.0 million, offset by the write-off of allocated unamortized deferred financing costs of
$300,000. The Company has not re t i red the bonds re p u rchased. 
In addition, the Company r e p u rchased 97,023 warrants that were attached to the notes payable. Accor d i n g l y, approximately $176,000 was
allocated to the carrying value of the warrants which reduced additional paid-in capital. 
In 1998 the Company re c o rded an extraord i n a ry gain of $2.9 million (net of income taxes of $1.5 million), following its re p u rchase of a portion of
its Senior Discount Notes. The gain re p resents the diff e rence between the allocated carrying value of the face value of the debt re p u rchased of
$10.2 million less the consideration paid of $5.5 million, offset by the write-off of allocated unamortized deferred financing costs of $400,000.
The Company has not re t i red the bonds re p u rchased. 
Net Loss  The Company’s net loss increased to $49.6 million for the year ended December 31, 2000, as compared to $30.9 million for the year
ended December 31, 1999 and $28.4 million for the year ended December 31, 1998, as a result of the factors discussed above. 
LI Q U I D I T YA N DCA P I TA LRE S O U R C E S
Since its inception, the Company has sustained negative cash flows from operations and has financed its operations and capital expenditur e s
primarily through the proceeds from the 1998 issue of Deutsche Mark denominated notes payable, the Company’s 1997 public equity off e r i n g ,
equipment lease financing and private placements of equity securities. The net proceeds of such transactions, together with revenues fr o m
operations and interest income have been used to fund aggregate net losses of approximately $123.8 million, investments in pro p e rt y, plant and
equipment of approximately $52.8 million and acquisitions of $24.6 million. 
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