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Valeriy Kuznetsov: Thank you for your attention and I am ready now for your questions.
Claudia: Thank you Peter for your presentation. How do you plan to face the competition?
Valeriy Kuznetsov: This is an excellent question. After studying the competition, we came to the conclusion that our competitors have different focus.
Claudia: Really? Could you elaborate?
Valeriy Kuznetsov: In fact, we are the only ones directly catering to this niche segment.
Claudia: I think that was all the time we had for questions, thank you for your presentation and good luck.
Peter just ended his presentation and is answering the questions of Claudia, an investor.