We would like to apologise for the delay in return of the second quarter report, there were some numbers that came in a little late and required review. The past six months at Happy Baby Industries have been, as you all know, quite busy.

While growth has levelled off somewhat from the benchmarks set in the First Quarter Report, this was completely within expectations, and in fact progress has continued consistent with our initial outlays. The result: the Happy Baby Project, at six months after release, has a mass typical of competitor's products a year post-release, and a length more typical of nine months after product introduction.

We have been bringing on more integrated and complex systems, such as Peekaboo Initiation, Cup Utilisation, Wildlife Garment Studies, Unassisted Sitting, and Avocado Demolition. The Happy Baby product is demonstrably smarter than a parakeet, has adapted to a variety of storage solutions, and has started to work on grasping complex systems. Attempts to mount the unit onto larger systems have not been entirely successful, however, though baby-feline interface continues fairly easily.

We will admit that bringing new functionality online has introduced bugs into the Happy Baby project, which we are hoping to correct with software uploads very soon now. Amongst the known bugs are: failure to sleep, screaming at visitors, howling when not under active maintenance conditions.

Thank you for your kind attention to our product. We here at Happy Baby Industries appreciate your response.
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