The Female Health Company Confirms Guidance for FY Ended September 30, 2008
06 November 2008 - 2:30PM
PR Newswire (US)
CHICAGO, Nov. 6 /PRNewswire-FirstCall/ -- The Female Health Company
(AMEX:FHC) which manufactures and markets the FC and FC2 Female
Condoms(R), today confirmed its guidance for the fiscal year ended
September 30, 2008. "We are very pleased to confirm that our August
2008 guidance regarding fiscal year 2008 growth in units and
pre-tax income was on target." noted O.B. Parrish, Chief Executive
Officer of The Female Health Company. "Growing global acceptance of
the female condom as the only available FDA approved barrier
contraceptive method controlled by women that provides protection
against HIV/AIDS is the basis for our growth. The FC Female Condom
is now available in over 100 countries, and we believe it will play
an increasingly important role in the global battle against
HIV/AIDS in the future." "In August 2008, we confirmed our previous
sales guidance of 20% to 25% growth in units over the fiscal year
2007 level of 25.9 million units. At that time, we increased the
pretax income guidance to be an increase of 200% to 250% over the
FY2007 pre-tax income of $868,913. We now reaffirm that guidance."
"We are optimistic regarding the outlook for The Female Health
Company. Our team members are now working with organizations in
nearly all regions of the world, from Brazil to Cambodia, from the
United Kingdom to India, from New York to South Africa. Given the
gravity of the HIV/AIDS pandemic, our results are an indicator of
the even greater contribution the female condom will make to world
health in coming years," concluded Parrish. About The Female Health
Company The Female Health Company (FHC), headquartered in Chicago,
IL, is the maker of the FC Female Condom (FC1 and FC2), a
revolutionary option offering women dual protection against both
sexually transmitted diseases, including HIV/AIDS, and unintended
pregnancy. FHC was created as a worldwide company in February 1996
with the purchase of Chartex Resources Ltd., the holder of
exclusive worldwide rights to FC1. The Company holds exclusive
product and technology patents for FC1 in the United States,
Australia, Brazil, Canada, France, Germany, Italy, Spain, the
United Kingdom, the People's Republic of China, South Korea and
Japan. Patents are pending for FC2. FHC is the sole manufacturer
and marketer of the FC1 and FC2 female condoms in the world. The
Female Health Company and its partners currently market the Female
Condom under FC Female Condom(R), FC2 Female Condom(R), Reality(R),
Femidom(R), Femy(R), and Care(R) in the rest of the world. For more
information about the Female Health Company visit the Company's
website at http://www.femalehealth.com/ and
http://www.femalecondom.org/ . If you would like to be added to the
Company's e-mail alert list, please send an e-mail to . "Safe
Harbor" statement under the Private Securities Litigation Reform
Act of 1995: The statements in this release which are not
historical fact are "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995.
Forward-looking statements in this release include the Company's
financial guidance for fiscal 2008. These statements are based upon
the Company's current plans and strategies, and reflect the
Company's current assessment of the risks and uncertainties related
to its business, and are made as of the date of this release. The
Company assumes no obligation to update any forward-looking
statements contained in this release as a result of new information
or future events, developments or circumstances. Such
forward-looking statements are inherently subject to known and
unknown risks and uncertainties. The Company's actual results and
future developments could differ materially from the results or
developments expressed in, or implied by, these forward-looking
statements. Factors that may cause actual results to differ
materially from those contemplated by such forward-looking
statements include, but are not limited to, the following: product
demand and market acceptance; competition in the Company's markets
and the risk of new competitors and new competitive product
introductions; the Company's reliance on its international partners
in the consumer sector and on the level of spending on the female
condom by country governments, global donors and other public
health organizations in the global public sector; the economic and
business environment and the impact of government pressures; risks
involved in doing business on an international level, including
currency risks, regulatory requirements, political risks, export
restrictions and other trade barriers; the Company's production
capacity; efficiency and supply constraints; and other risks
detailed in the Company's press releases, shareholder communication
and Securities and Exchange Commission filings, including the
Company's Form 10-KSB for the fiscal year ended September 30, 2007.
Actual events affecting the Company and the impact of such events
on the Company's operations may vary from those currently
anticipated. DATASOURCE: Female Health Company CONTACT: William R.
Gargiulo, Jr., +1-231-526-1244, or Donna Felch, +1-312-595-9123,
both for Female Health Company Web site:
http://www.femalehealth.com/
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