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Company News
1 OCTOBER 2007
SEXUAL HEALTH GROUP PLC
(“Sexual Health Group” or “the
Company”)
PLUS Symbol: SHGP
FURTHER SIX CONDOMANIA PRODUCTS CONTRACTED
WITH NHS ENGLAND
The Board of Sexual Health Group, a national supplier of sexual health products to customers including the NHS, announces that a further six products will be added to the Company’s NHS England framework agreement contract, and will be included in the NHS Supply Chain Catalogue with effect from 1 October 2007.
This latest news means that the Company now has 16 products from its Condomania® condom range listed with NHS England taking it to100% listing of its variants within the condom range and offers one of the widest choices of condoms available within the NHS.
This will enable the Primary care Trusts to have a bigger choice in wholesale ordering which will help increase sales and distribution of the Condomania range.
The Condomania division now has a total of 21 products listed with NHS England.
Commenting on today’s news, Chairman, John French, said: “With overall sales performing well versus last year, this strengthens our position even further and confirms to us the high level of interest in the Condomania® condom brand shown by health professionals.”
---ENDS---
The Directors of the Issuer accept responsibility
for this announcement.
Enquiries:
Sexual Health Group
Plc
| John French, Chairman |
Mobile: 07836 722
482 |
Bishopsgate Communications Ltd.
Dominic Barretto
Sophie Davis |
Tel: 020 7562 3367 |
Lion Capital Corporation
| Monisha Varadan |
Tel: 020 7562 3389 |
Notes to Editors:
Sexual Health Group, the holding company, was set up in 2004 and listed on PLUS in January 2005. At the time of inception the Company had one operating subsidiary – Condomania plc, a condom distribution company catering specifically to the NHS. Condomania was founded by George Sutherland, the majority shareholder in 2000. The Company initially created the Condomania® brand in consultation with health professionals. Since its launch the brand has achieved approximately a 9% share of the NHS market which equates to 2.25% of the total UK market. At 16 products, it has one of the widest ranges of condoms available via the NHS in the UK. The Company's strategy is to bring a pipeline of new products in sexual health to the UK market.
In March 2006, the Sexual Health Group acquired Sutherland Group Holdings Ltd, which brought further products into the Company. The key product out of this range was Sutherland® Lubricating Jelly which is now on national contract in NHS England.
In April 2007, the Company announced new contracts with NHS England for patient hygiene products launching its products into the healthcare acquired infection (HAI) market estimated to cost the NHS GBP1 billion per annum to deal with.
The Company recently announced a fundraising up to £500,000 for working capital to continue its sales growth and to further new product development
The Company has been focusing on the development of its relationship with the NHS, and has developed its profile through this relationship. This will remain a major part of its strategy for growth.
For further information on the
Company visit www.sexualhealthgroup.com
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