Question-and-Answer Session
Operator
At this time, the officers of the company would like to open the forum to any questions that you may have. (Operator Instructions) Steve Levenson, please state your affiliation followed by your question.
Stephen Levenson - Stifel Nicolaus
Stifel Nicolaus. Good morning, Rick and Dave.
Richard C. Ill
Good morning, Steve.
M. David Kornblatt
Good morning, Steve.
Stephen Levenson - Stifel Nicolaus
Thanks for all the disclosure and the slideshow. The other day you had a press release out about certification to do Thrust Reverser work on CFM-56 engines. Could you give us some more details about that? Is that for specific issue or is that going to put you in the ballpark to compete with other people doing that work and where do you expect to do it?
Richard C. Ill
Well very frankly, we were already in position to compete and we're already doing that. We've had some our competition from out with an announcement on that recently, and so we wanted to get ourselves out in the marketplace for the same that we've had that capability and it's a good part of our business right now. So, simply it's a relief that we want to make sure our customer base knew that we have that capability as well, not that they already didn't.
M. David Kornblatt
But there is a service bulletin to that Steve that requires all the 737 guys to do a certain repair. And this means we'll be on the approved Boeing list because I think for the most part, Boeing's going to be paid for the service bulletin and then of course what we hope is that, while we're in there doing the service bulletin, we'll get into... most people will be expected to do the service bulletin at a normal overhaul date. So I think it positions us well along with the OEMs to do that work.
Stephen Levenson - Stifel Nicolaus
Okay. Thank you. And secondly, you had a big flurry operating acquisitions in March, certainly don't expected to continue at that pace but how do you see the market and how's your financing situation right now? How is the pipeline? And what sort of plans do you have? I know $2 million of due diligence but curious as to what you think you can do during the...
Richard C. Ill
Three questions in that. One question is that (ph) first of all, let me just tell you that the acquisitions that we made frankly happen to take place in March but those are acquisitions we have been working on for a long period of time. A couple of them for almost nine, 10, 11 months. So, they just happen to culminate in March, not that that makes much difference but it's... we didn't plan in the beginning to have them all happen at the end of the fiscal year. That's number one.
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