LeapFrog 2005 Annual Report Download - page 4

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In the past six years, our LeapFrog SchoolHouse division has successfully integrated our most innovative technology
with our original, state-approved curriculum to create a diversified portfolio of technology-based learning tools for
school use. This now reaches far beyond products that leverage the LeapPad technology. In fact, we recently
announced the availability of the new Leapster Portable Technology Center, which is designed specifically for
classrooms and after-school programs. We are also currently working with several educational organizations and
schools in order to fast track the FLY pentop platform for classroom use.
Concluding Comment
In sum, we have made very good progress in our turnaround. Our cost structure has improved, our processes have
been strengthened, and we continue to bring extraordinary innovation to the market. Additionally, our vision and
brand fundamentals are extraordinary, providing an excellent foundation for the products we are introducing in 2006
and beyond.
The road ahead will be very challenging. Nonetheless we are confident we will continue to build our portfolio of
effective, engaging educational products that are trusted by parents and teachers and loved by children.
Respectfully,
Tom Kalinske Steven Fink
Chief Executive Officer Chairman of the Board