Question-and-Answer Session
Operator
(Operator instructions) Our first question comes from the line of Katherine Lu with Oppenheimer. Please go ahead.
Katherine Lu – Oppenheimer
Thank you for taking my question. First of all I would like to ask Steve – Preston about this question, where does your share repurchase program stand right now?
Preston Romm
Thanks Katherine, welcome to the call. As you know, last quarter the board authorized for management to spend up to $10 million for stock buyback. We had that approved but we had not implemented any money towards buying back stock at this point in time. I think particularly in this economy more than macro issues out there driving everybody’s stock price including ours and I’m not sure investing $10 million will alter that. And also particularly in this economy I think cash is king. On the other hand, we do have money that we don’t have the need for. So we will keep taking a look at stock buyback and report to you next quarter.
Katherine Lu – Oppenheimer
Okay, sure. I noticed you added another three salespeople to your sales team. So I’m just wondering some time down the road is there a point that you feel you will have enough salespeople and you don’t need to add additional and maybe do allocating between the existing accounts and new accounts. I’m just wondering if we will see this point sometime in 2009.
Steve Carlson
Katherine this is Steve and thank you for joining the call. Yes we did add three salespeople and as we have indicated in the past, we add salespeople as new account demand continues to drive that curve. We certainly in this economy are going to be very careful about new ads and will continue to look at what is the proper allocation of salespeople against existing accounts and new account demand flow as it goes forward.
Katherine Lu – Oppenheimer
Okay. Finally I just want to ask a question about your new product launches in 2009. How should we be thinking about the timing for those two new product launches and if I may, if it is possible, if I can ask although it a bit maybe further how should we be thinking about new product launches in 2010 and beyond?
Preston Romm
Yes as it relates to product launches and you know from history Katherine, we don’t provide specific details of the launch and the specific timing for competitive reasons but we remain confident and comfortable that we will have in 2009 and in 2010 at least two new product launches and importantly as we look at new products going forward, these are new products that we’re looking at expanding our opportunity to treat every patient that walks into a plastic surgeon or a dermatologist’s office. So, these are really new product launches for new applications, not new products that we’re looking at as step ups that have cannibalization impacts on our existing lines.
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