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.