Mr. Ball. At wholesale?

Mr. Michaelis. Wholesale, yeah.

Mr. Ball. Now, there is also a company called Seaport Traders, isn't there?

Mr. Michaelis. Seaport Traders is another mail-order business.

Mr. Ball. It is another mail-order business?

Mr. Michaelis. Correct.

Mr. Ball. Do you work for them?

Mr. Michaelis. Only in a supervisory position.

Mr. Ball. That is the company that you work for. Merchanteers, you say?

Mr. Michaelis. Merchanteers; yes.