"The award represents about 20% of the total tender," stated
"I have noted in previous conference calls that competition entered the global public sector in 2012," continued King. "With this tender award, we now see further competitive and pricing pressures. Recognition of competition in the Company's primary markets played a key role in the development of the new business strategy that was announced in July 2014. The Company has progressed well towards the implementation of that two-part strategy, which is focused on driving Company growth by developing the FC2 consumer market in
"On the diversification front, we are currently in discussions with a target that we believe would increase the growth potential of the Company and strategically support the Company's objectives by adding products in the female reproductive and intimate health area. I am pleased with the progress we are making with the new strategy on both fronts," concluded King.
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