The first commendable accomplishment of the Board is the renewal of the SEC registration after a decade of non-renewal. I would like to extend my sincerest thanks to Ms. Shirley Ingles-Cruz for her diligent efforts (waiting for several hours) just to get and submit the necessary requirements for the renewal of the registration. The consequence of the non-renewal of SEC registration is to pay a fine of more than 50t (for 10 years of non-renewal) but we requested for condonation and it was reduced to half the price. Also my heartfelt thanks to Ms. Tess Casio and Ms. Elma Rebadulla for patiently following up our condonation request and payment of fines. I have learned that several ASLP presidents in the past attempted to renew our SEC registration but due to so many hassles they were not able to pursue it. A big hand of applause to Ms. Shirley Cruz and 2012 ASLP Board for this success.