NEWS OUT TODAY $28+million/month-condom manufacturing
Simple math 28million condom x 1.12 = $28+million/months (projected) the cost to make each estimated at .02 to .03. (massive profit margin)
It's not surprising that a black market for condoms has sprung up—the profit margin is pretty substantial. While it costs only 2 or 3 cents to make a condom, they sell for an average of $1.12 per unit in the United States, with some expensive designer brands going for more than $4. http://www.slate.com/id/2284493/
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(NVAE) Savanna East Africa Kicks Off Stakeholder Meetings in Nairobi With Focus on Condom Shortage in Kenya
Press Release Source: Savanna East Africa, Inc. On Wednesday June 15, 2011, 9:00 am
DALLAS, TX--(Marketwire - 06/15/11) - Savanna East Africa, Inc. (Pinksheets:NVAE - News) (OTCQB: NVAE) has kicked off the scheduled senior management and key stakeholders meetings this week in Nairobi, Kenya. The meetings are intended to finalize a number of strategic next steps for the Company. A main focus of the meeting is continued next steps towards the acquisition of a condom manufacturing facility under construction in Kenya. Earlier this year Kenya experienced a shortage of condoms with Kenya's government making an appeal to the U.S. government for emergency funding (http://www.standardmedia.co.ke/InsidePage.php?id=2000031810&cid=4&). Kenya currently uses approximately 20 million condoms a month, nearly double the number just seven years ago. As AIDS education grows, the demand for condoms has grown and is expected to continue. Kenya's National Aids Strategic Plan 2009-2013 hopes to reach a monthly distribution target of 28 million condoms per month.