Thomas Group, Inc. is an international professional services firm focusing on improving operations, competitiveness and financial performance of major corporate clients, through process improvement and strategically aligning operations with technology. The Company creates and implements custom improvement strategies for sustained performance improvement. Thomas Group's clients are typically large companies, many of which are included in the Fortune or Global 1000. The Company has been developing and improving its Process Value Management (PVM) methodology for achieving operational efficiency. PVM is based on Thomas Group's Total Cycle Time (TCT) methods, and supplements TCT with numerous process improvement tools that the Company has developed over the last 25 years. For the year ended December 31, 2003, two clients, CACI and the United States Navy, accounted for 39% and 32% of Thomas Group's revenue, respectively.