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11/11/2008

Price Revise

Dear Valued Customers.

 
The newspapers are reporting daily on the increasing costs of doing business. This is no different for Biante.

We have been able to absorb the majority of the increases that the business has incurred over the last 12 months, especially while the Australian dollar was above US$0.85. With the change in the Australian dollar over the last few weeks, we will be unable to absorb the impact that this will have upon the business. The cost of raw materials, especially out of China, continues to grow. In some cases, increases over the last twelve months have been over 30%. These have been passed onto our business, therefore we have been forced to recover some of these increased costs through higher wholesale prices.

As all of our stock is purchased in US dollars, retail prices will therefore be increased on all future deliveries. Increases will be kept to a minimum however with the fluctuation of the dollar we expect pricing to be volatile for some time.

Please be assured that items already in stock will be held at current prices.

We thank you for your ongoing support and understanding, as it is very much appreciated.

Regards,

Chris Roche & Richard Poole