GENERAL DEVELOPMENT OF BUSINESS

Flour City International, Inc. and its majority owned subsidiaries (the "Company" or the "Registrant") are primarily engaged in the design, engineering, manufacturing, and installation of custom curtainwall systems for the construction industry. The Company was incorporated under the laws of the State of Nevada in 1987. On May 16, 1997, the Company, formerly known as International Forest Industries, Inc. ("IFI"), merged with a company of the same name incorporated under the laws of the State of Nevada on January 16, 1997; the Company was the surviving corporation and adopted the name "Flour City International, Inc." The Company's primary...