In
____________________
to
the
US
market
,
our
sales
force
there
is
concentrated
on
the
two
coasts
.
____________________
,
we
face
very
strong
competition
from
local
players
.
In
____________________
,
two
of
our
competitors
have
recently
merged
and
the
new
company
is
taking
some
market
share
away
from
us
.
____________________
it
is
likely
that
the
year
-
on
-
year
revenue
figures
for
next
quarter
will
be
flat
,
or
even
slightly
down
.
____________________
,
the
long
term
outlook
is
still
very
positive
-
particularly
if
we
can
make
a
local
acquisition
to
increase
our
market
penetration
.
On
the
____________________
we
are
confident
that
our
investments
in
the
US
market
will
prove
worthwhile
.
