Message from the CFO

"Dear Fellow Employee Owners" I'd like to share with you some financial results from the fiscal year that ended 12/31/2004 On behalf of CTL Engineering's Board of Directors and the ESOP Trustees, C.K. Satyapriya, I am pleased to share with you some outstanding news about your ESOP plan.

- ESOP stock value grew by 25% in 2004 - Share value increased to $562 per share - The ESOP plan year now operates on a calendar-year basis - CTL Engineering converted to Subchapter S status on January 1, 2005
CTL Engineering was able to generate the 25% increase because of all your hard work. This increase, especially following an 18% increase in FY2003, is truly an impressive result. I am proud of what we have achieved by working together and want to personally thank you for a job well done in 2004!
The stock value increase was a result of our profits exceeding last year's performance and the company continuing to pay down its bank debt. As you know, your efforts to improve efficiency and reduce costs enable us to operate the business profitability and generate positive cash flow. With everyone throughout the company focused on client service, teamwork and listening to our customers, CTL Engineering had all cylinders clicking in 2004: all offices were profitable.
I can't say it enough that you, and your fellow employee owners, are our company's greatest assets. You are the backbone of our success and we continue to be committed to making CTL Engineering an excellence place to work. Without your dedication, hard work and smart decisions, 2004's profitability could not have been realized. Your efforts are critical to sustaining our company's future success.

Thanks again,
Ali Jamshidi
VP & CFO