UNIMED Limited (the Company) is a Turkish-Azerbaijani joint venture within the Turkish “METDEM” Group of Companies. The Company is engaged in wholesale and retail distribution of disposable medical devices in Azerbaijan. It was founded in 2002 and is operating out of its office in Baku, Azerbaijan. METDEM is headquartered in Ankara, Turkey.Disposable medical devices include primarily bloodbags, surgical sutures, plasters, various kinds of catheters, IVF devices, eye surgery products, reagents and other. UNIMED works closely with manufacturers from Turkey, Israel, India, and some European countries. Company customers include all of state and private hospitals and clinics. Major clients include Oil Workers Hospital, Leyla Shikhlinskaya Clinic, MediClub, N.Tusi Clinic, City Hospital, Central Clinic Hospital and others. In 2003, the Company successfully participated in the UNOPS tender competition to establish Baku Blood Bank and was the only local company to apply and win the project along with foreign participants. Unimed supplied laboratory equipment and diagnostic test kits to the Blood Bank. In 2004, the Company supplied all of the required equipment and brought in doctors from Turkey to help establish the first National IVF Center in Azerbaijan. The Center has since provided artificial insemination services and other related treatments to the general population. Unimed has since provided technical assistance, serviced all of the complex equipment and supplied all of disposables for the Center. UNIMED looks to expand existing and establish new long-term relationships with leading manufacturers of quality medical products. We strive to continue expanding our product portfolio to take advantage of growing commercial opportunities in the healthcare sector in Azerbaijan.