Dear Sirs,

as You know since different months all the raw material costs are having a constant and repetitive increasing and in consequence of that all the major OEM manufacturers have already updated their price List, some times even more than once in 12 months.
Our price list is more than one year old and consequently, also GB Ricambi S.p.A is obliged to update it in the next few months.
However we are not anymore in the position to wait till the new Price List is ready.
This is the reason why to our regret, we are obliged to react immediately, by applying a 5% ( five pct. ) surcharge at the bottom of our invoices to Yr. Company as from July 1st, 2008.
This is a temporary measure and will be applied till the new Price list is ready.
We are sorry about this but we have no other option to avoid having a greater negative impact on our mark up.

Confident on Yr. comprehension and loyalty,
Best Regards,
Giorgio Fioranelli
Commercial Director
GB Group