The Female Health Company Receives Total USAID Orders Exceeding 8.5 Million Units for 2006; USAID Exercises Contract Option for
July 10 2006 - 8:30AM
PR Newswire (US)
CHICAGO, July 10 /PRNewswire-FirstCall/ -- The Female Health
Company (OTC:FHCO) (BULLETIN BOARD: FHCO) announced it has received
orders for over 8.5 million FC female condoms to date for delivery
in calendar year 2006 from USAID, The United States Agency for
International Development. Under an existing agreement between
USAID and FHC, USAID has exercised a contract option allowing for
procurement of up to 6 million FC female condom units within a
calendar year. FHC has now received USAID orders totaling over 8.5
million units for calendar 2006. To date in calendar 2006, FHC has
shipped 1,144,000 units for USAID. For many years, USAID has been
among the largest international donors of contraceptives and
condoms. The Agency developed an operational plan for its HIV/AIDS
"expanded response" strategy which includes a Commodity Fund to
centrally finance male and female condoms for HIV/AIDS programs and
to ensure their expedited delivery to countries. The Commodity Fund
began in 2002. In September 2003, a centrally funded female condom
contract was awarded to The Female Health Company. USAID provides
condoms to Missions for HIV/AIDS prevention as part of the
Commodity Fund. O. B. Parrish, Chairman and CEO of FHC praised
USAID actions stating, "In increasing FC female condom procurement
in 2006, USAID is demonstrating its commitment to supporting
HIV/AIDS prevention efforts around the World. This commitment is
particularly critical as the Global Community recognizes the
increasing numbers of females affected by AIDS." UNAIDS reports
that worldwide, 17.3 million women aged 15 years and older are now
living with HIV. The Global Coalition on Women and AIDS, a UNAIDS
Initiative, is calling for more money in AIDS programs that work
for women including closing the funding gap for the female condom
and microbicides development. The Female Health Company, based in
Chicago, owns certain worldwide rights to FC Female Condom(TM)
including patents which have been issued in the United States,
United Kingdom, Japan, France, Italy, Germany, Spain, The People's
Republic of China, Canada, New Zealand, South Korea and Australia.
FC Female Condom(TM) is the only available FDA approved product
controlled by a woman that helps to protect against sexually
transmitted diseases including HIV/AIDS, and unintended pregnancy.
"Safe Harbor" statement under the Private Securities Litigation
Reform Action of 1995: The statements in this release which are not
historical fact are forward-looking statements based upon the
Company's current plan and strategies, and reflect the Company's
current assessment of the risks and uncertainties related to its
business, including such things as product demand and market
acceptance; the economic and business environment and the impact of
government pressures; currency risks; capacity; efficiency and
supply constraints; and other risks detailed in the Company's press
releases, shareholder communication and Securities and Exchange
Commission filings. Actual events affecting the Company and the
impact of such events on the Company's operations may vary from
those currently anticipated. For more information about the Female
Health Company, dial toll-free via fax, 1-800-PRO-INFO and enter
company code "FHCO". Also, visit the Company's web site at
http://www.femalehealth.com/ and http://www.femalecondom.org/ . If
you would like to be added to an e-mail alert list, please send an
e-mail to . DATASOURCE: The Female Health Company CONTACT:
Investors, William R. Gargiulo, Jr., +1-231-526-1244, or Donna
Felch, +1-312-595-9742, or Business-Product, Karen King,
+1-312-595-9123, all of The Female Health Company Web site:
http://www.femalehealth.com/ http://www.femalecondom.org/
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