1996 ANNUAL REPORT

Edward Iwere, a native of Ado Ekitti, in the state of Ekitti, is a member of the managmenet staff who coordinates product sales and manages logistics and engineering issues for Smith Tool operations in Nigeria. With Smith for two years, Edward oversaw the first run of a new Magnum rock bit in Nigeria in 1996. An accomplished chess and Scrabble player and an avid swimmer, he takes pride in combining his people skills with a high level of technical experience.