Growth Strategy

To increase long-term ESOP share value, Woodward's growth strategy is three fold:

	Adhering to our Mission's Core Principals.
	Maximizing organic growth opportunities of its existing operations through innovation, diversification, and operational efficiency.
	Acquiring businesses and providing seed funding to start up businesses that align with our 5 year Acquisition Portfolio Strategy.

Acquisition Focus

Woodward is currently interested in investing, partnering or acquiring businesses in the media communications field that align with its current product and service mix, including, but not limited to:

• Business-to-Business trade publications and/or electronic platform models with
  regional and national market places.
• Business-to-Consumer niche lifestyle and demographic segments for local, community market places.
• Mass media products, services, primarily located with 250 mile radius of Dubuque, IA

Please contact Tom Woodward, President and CEO at:

Woodward Communications, Inc.
801 Bluff Street
Dubuque, IA 52001
563-588-5787
Tom.Woodward@wcinet.com

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