1. Contracted sales for 1Q09 were R$214.8 million, a 12.4% decrease from 4Q08, with 90% of sales from units priced under R$500,000 located primarily in Sao Paulo. 2. Gross revenues for 1Q09 were R$113.8 million, a 5.4% decrease from 4Q08, while gross profit increased 5.4% to R$36.1 million due to higher margins on recognized projects. 3. Net income for 1Q09 was R$10 million, a 9.1% margin, compared to a net loss of R$8 million in 4Q08 primarily due to non-recurring commercial