[by:¿É¿ÉÓ¢Óï¡«www.utensil-race.com]
[00:00.11] Well, we knew we had to spend money on marketing, but the most important thing was to introduce better management control of finances,
[00:08.18] and after that, to look very carefully at the organisation and cost of manufacturing.
[00:13.41] Did you make any changes there?
[00:15.44] Oh, yes.
[00:17.03] To take one example, at one point we started out manufacturing tennis balls in Germany.
[00:23.30] But costs were lower in the Philippines.
[00:26.17] So in the end, we moved all our manufacturing there.
[00:30.15] By the end of this year, ninety five per cent of our production will be there, although we are opening one small plant in Indonesia,
[00:37.40] too.
[00:38.27] And is the company on a better financial basis now?
[00:42.06] Absolutely.
[00:43.15] We 'll be in profit this year, and looking to expand.
[00:46.18] You plan to introduce new products then?
[00:48.44] Yes.
[00:49.40] We 've just launched a new product, a waterproof tennis ball, and we 've signed contracts with several players from different countries to give us an international image,
[00:59.12] so I 'm really pleased about that.
[01:01.47] But our key objective is to develop the products we have, such as tennis rackets, and improve them further.
[01:08.34] So the future looks promising.
[01:10.24] It certainly does.
[01:11.45] Thanks, John.
[01:12.45] Thank you.