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Listed Companies' Press Releases
Press Search | Monthly Press
28/03/2007
TECHNICAL OLYMPIC S.A.
MYTILINEOS HOLDINGS S.A.
ASTIR PALACE VOULIAGMENI S.A.
MYTILINEOS HOLDINGS S.A. - ALUMINIUM OF GREECE COMMERCIAL S.A. - DELTA PROJECT S.A.
MYTILINEOS HOLDINGS S.A.
PIRAEUS REAL ESTATE INVESTMENT COMPANY
NEOCHIMIKI L.V. LAVRENTIADIS S.A.
ELMEC SPORT S.A.
AUTOHELLAS S.A.
TERNA S.A.
PUBLIC POWER CORPORATION SA
FRIGOGLASS S.A.
AGRICULTURAL BANK OF GREECE S.A.
KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.
ELAIS - UNILEVER S.A.
ELAIS - UNILEVER S.A.
PANTECHNIKI S.A.
GR. SARANTIS
F.G. EUROPE S.A.
FORTHnet S.A.
ALUMIL MILONAS ALUM. IND. S.A.
INTRACOM S.A. HOLDINGS
TECHNICAL OLYMPIC S.A. : Schedule of corporate actions for Fiscal Year 2007

According to the provisions of the articles 275, par. 9d and 10, as well as article 292 of section 4 of the ATHEX Regulation, the company TECHNICAL OLYMPIC S.A. informs the investors that the plan of intended corporate actions for 2007 is the following:
- FY 2006 Financial Results : Friday, March 30, 2007
- Analysts'' Annual Briefing: Wednesday, April 4, 2007
- Annual Shareholders General Meeting : Tuesday May 15, 2007
The company will not distribute dividend for the financial year 2006.
The financial results will be on the same day of the publication on the company''s website (www.techol.gr) and on the website of the A.S.E. (www.ase.gr).

MYTILINEOS HOLDINGS S.A. : Spain''s ENDESA and Greece''s MYTILINEOS create the largest independent operator in the Greek market. The new company will have initial enterprisr value of euro 1.2 BN. The strategic alliance is an important step in the development of the ENDESA expansion plan in the mediterranean area and a step forward in the leading position of the MYTILINEOS GROUP in the Greek energy market

ENDESA, the largest Spanish electricity company, and the Greek metallurgical and engineering company MYTILINEOS HOLDINGS S.A. have announced a strategic alliance for the Greek market which will expand into Southeastern Europe.
The new company, with the largest independent portfolio in the pipeline and under construction and a well-balanced mix between thermal and renewals, will become into the largest independent power operator in Greece.
In the joint venture, which will have an initial capitalization of about euro 1.2 bn ENDESA will have a stake of 50,01%. MYTILINEOS will contribute its entire thermal and renewable energy assets and licenses. The contribution of the assets is expected to start immediately and be completed 12 months from now.
The financial power of the new company, the know how of ENDESA (one of the largest private multinational companies, with presence in more than fifteen countries of Europe, America and Africa), and the relevant local presence and industrial dimension of the MYTILINEOS group, will allow the new company to face this ambitious development growth project.
The scope of the new company includes the construction and operation of thermal power stations (natural gas and coal), renewables (wind parks, hydro and photovoltaic) as well as electricity and CO2 emissions trading. Gradual retail penetration is also foreseen after the opening up of EU markets in July 2007.
The asset base of the new venture will include:
- a CHP of 334MW starting operations in June 2007
- a 430 MW natural gas fired power plant under construction, which will be completed in June 2009.
- a portfolio of more than 1000 MW of renewable projects.
- a new coal - fired power plant of 600ÌW
- additional opportunities for the new venture will include a 310MW trading license, additional natural gas fired power plants license and international coal fired power plants.
- Both partners have expressed their satisfaction for the successful conclusion of negotiations and the optimism for the future of the new venture, the biggest so far of its kind in Southeastern Europe.
- For additional information please contact:
- Mrs. Maria Philippi, Press Officer, ôel. 210-6877309, fax 210-6877400, e-mail: com@mytilineos.gr
- Mr. Nikolaos Kontos, Investor Relations Officer, tel. 210-6877395, fax 210-6877400, e-mail: nko@mytilineos.gr

ASTIR PALACE VOULIAGMENI S.A. : Schedule of Intended Corporate Actions for the year 2007

According to the articles Nr 275 and Nr 292 of the Athens Stock Exchange''s Regulation, the Company "ASTIR PALACE VOULIAGMENI S.A." announces to the investing public the following Schedule of Intended Corporate Actions for the year 2007:
1. Publishing date of Annual Financial Statements for the fiscal year 1/1/2006 - 31/12/2006: Saturday 31st of March 2007.
2. Date of analysts briefing for the company''s financial results, regarding the fiscal year 2006: Friday 11th of May 2007.
3. Date of Annual General Meeting of Shareholders: Tuesday 12th of June 2007.
4. The Company will not distribute dividend for the fiscal year 2006.

MYTILINEOS HOLDINGS S.A. - ALUMINIUM OF GREECE COMMERCIAL S.A. - DELTA PROJECT S.A.Merger by take-over of ALUMINIUM and DELTA by MYTILINEOS
MYTILINEOS Group conclusion of agreement with the Spanish Energy Group ENDESA constitutes henceforth a landmark in the Group s strategy and targets in the energy sector. In the context of the said agreement, the Group s Administration decided to begin transformations and corporate restructuring in order to capitalize on the Group''''s energy assets in the most beneficial way trying to maximize benefits and profits for every one in the Group at the level of parent company, subsidiaries, associated companies and by extension for all its shareholders. In particular, the Board of Directors of MYTILINEOS HOLDINGS SA (hereinafter referred to as MYTILINEOS), ALUMINIUM OF GREECE INDUSTRIAL AND COMMERCIAL SA (hereinafter referred to as ALUMINIUM) and DELTA MACHINERY EQUIPMENT AND TURN KEY PROJECTS COMMERCIAL INDUSTRIAL TECHNICAL S.A. (hereinafter referred to as DELTA) on 28.3.2007 decided:
a) the merger by take-over of ALUMINIUM and DELTA by MYTILINEOS,
b) the separation of sectors (i) power generation and trading (ii) production, construction and trading of alumina, aluminium, mineral materials and ALUMINIUM metals and their being carried over to its 100% subsidiaries non listed companies.
To inform shareholders and investors the joint estimate by the Boards of Directors is being announced on the shares exchange ratio, which is conditional on the independent credit institutions verification and approval on behalf of the transformed companies Shareholders General Meetings. In detail, ALUMINIUM Shareholders are proposed to exchange their shares with MYTILINEOS shares by an exchange relation 1 common listed ALUMINIUM share for 0,3954 common listed MYTILINEOS share. DELTA Shareholders are proposed to exchange their shares with MYTILINEOS shares of an exchange ratio 1 common listed DELTA share for 0,1888 common listed MYTILINEOS share. The proposed exchange ratios reflect the last Stock Exchange closing on 27.03.2007 for all companies, which fall within the internal valuation price range.
The BoDs of the three listed transformed companies decided -according to law- to jointly assign to NBGI, EFG EUROBANK and ALPHA BANK to assess the merging companies and they shall deliver fairness opinion and verify what is true and fair on the above shares exchange ratio.
All transformations being decided by the relative BoDs of the Companies shall be dated on 31.3.2007 both for the merger Transformation Balance Sheet and the accounting statement; these transformations shall be carried out in accordance with provisions of L 2166/1993, article 69 of the codified law 2190/1920 and the commercial legislation in general. Finalizing the abovementioned transformation is conditional on the approval by the General Shareholders Meeting of the three companies expected to decide within the 2nd semester of 2007 and on the approvals required by the antitrust commitee.
By means of these transformations, the aim is to achieve operational flexibility and autonomy for the Group companies activities; in addition big economies of scale are achieved which will enhance the Group s profitability and therefore its shareholders benefits. Moreover, combining the human potential, capitals and know-how renders MYTILINEOS HOLDINGS particularly competitive worldwide.
For the strategic agreement with ENDESA and the Group companies transformations details will be given during the teleconference with the analysts and institutional investors today at 17.00.
For additional information please contact:
Mrs. Maria Philippi, Press Officer, ôel. 210-6877309, fax 210-6877400, e-mail: com@mytilineos.gr
Mr. Nikolaos Kontos, Investor Relations Officer, tel. 210-6877395, fax 210-6877400, e-mail: nko@mytilineos.gr
MYTILINEOS HOLDINGS S.A. : MYTILINEOS HOLDINGS S.A shall construct a clean technology coal plant of 600 MW in Agios Nikolaos, Viotia with Endesa

Mytilineos Holdings S.A in cooperation with ENDESA submitted a Power Generation License application for a 600MW coal plant.
The plant construction investment stands at euro 720 million, while the overall investment including infrastructure projects is set to rise at euro 890 million.
The two companies have prepared the Application File in the context of their strategic cooperation and the important power generation investment project in Greece.
It should be underscored that along the same lines a decision was also made to start Agios Nikolaos plant construction of 430 MW outside HTSO (Hellenic Transmission System Operator) tendering procedure.
ENDESA''s wide experience in coal plants construction and operation, as well as the analysis of our country''s energy needs, immediately highlighted the necessity for a hard-burnt coal-fired plant. It is stressed that ENDESA is probably the biggest coal load operator in the Mediterranean, bringing, hence the production cost significantly down.
The investment shall be carried out by a strong and solvent investor, who has the necessary financial standing, organizational structure, know-how and experience for the plant''s unfettered financing, implementation and efficient operation.
The plant will be a supercritical pulverized coal combustion one. The choice of the technology was due to the fact that:
- It is the leading edge of the commercially available technological development of the so-called clean coal technologies
- It is commercially available and ensures:
- High energy efficiency. State-of-the-art plants present over 46% net LHV efficiency.
- Significant reduction of the emitted pollutants (CO2, NOx, SOx, particulate matters) by virtue of the high efficiency level and the clean coal technology (CCT).
- High availability rate (availability).
- Very good part load efficiency and operational capacity at various power levels (flexibility).
- It ensures integration of the most advanced technological developments, maturity; it is well tested and constantly improving technology. By 2010 through EU programs under the title Advanced (700oC) PF Power Plant Project " AD700", the technology in question is expected to have achieved a 50-55% net efficiency rate, due to the rapid development of the advanced materials (nickel alloys).
Ensuring fuel at competitive prices is taken for granted, because of the market situation and the overall cooperation with the international Energy Group ENDESA.
The plant s position allows for the exploitation of existing infrastructures including road access, limestone mine, waste disposal sites, big vessels access capacity for fuel transportation etc.
The new power generation unit shall significantly contribute to Transmission System security and mainly to the Southern System security, where it is integrated. In addition, it shall reduce charging in the three (3) 400kV North-South circuits, offering, therefore, greater flexibility in the decisions to integrate a fourth (4) 400kV North-South circuit by HTSO.
The plant''s isolated position and its location next to "Aluminium De Grece" industrial facilities prevents from any nuisance whatsoever.
Similar plants were recently constructed and are being constructed in countries with a very rigorous environmental legislation and sensitized public opinion, such as Germany, Denmark, Holland, USA, Finland, Japan etc, hence the rising penetration rate of this technology in power generation.
For additional information please contact:
Mrs. Maria Philippi, Press Officer, ôel. 210-6877309, fax 210-6877400, e-mail: com@mytilineos.gr
Mr. Nikolaos Kontos, Investor Relations Officer, tel. 210-6877395, fax 210-6877400, e-mail: nko@mytilineos.gr

PIRAEUS REAL ESTATE INVESTMENT COMPANY : Annual Reporting to Analysts

In accordance with the schedule of intended corporate actions, the Annual Reporting to Analysts of Piraeus Real Estate Investments S.A. took place today, March 28th, 2007 at the premises of the Association of Greek Institutional Investors. The relevant information is available, both in Greek and English, at the company''s site ww.piraeusaeeap.gr (Investor Relations , Presentations of financial results 2006) and on the Athens Stock Exchange site.
See the presentations

NEOCHIMIKI L.V. LAVRENTIADIS S.A. : Annual Report of the financial year 2006
The Company NEOCHIMIKI L.V. LAVRENTIADIS S.A. informs the investing public that the Annual Report of the financial year 2006, that was prepared according to the provisions of No. 5/204/14.11.2000 & 7/372/15.2.2006 decisions of the Board of Directors of the Capital Market Commission, is available since today March 28th 2007 at the company''s website http://www.neochimiki-lavrentiadis.gr, on Athens Stock Exchange''s web page www.ase.gr and in hardcopy from the firm''s head office. For further information the interested parties can contact the Company''s Shareholders Department, tel. 210-94.60.400.
ELMEC SPORT S.A. : Reply to HCMC Letter

Replying to the letter from the Hellenic Capital Market Commission dated 27/3/2007, the main shareholders of Elmec Sport SA, Sam Fais and Lucy Fais informed the company that the article published in the daily newspaper "EXPRESS" at 27/3/2007 is inaccurate.
The main shareholders are discussing with high-ranking executives of Laskarides Group and with its associates for the participation of the latter in the share capital of the Company. The discussions are non binding, no aspect of this issue is final and its conclusion is not certain.

AUTOHELLAS S.A. : Presentation of the 2006 financial results

On Monday 26th of March, Autohellas-Hertz made a presentation on its 2006 financial results. From behalf of the company attended mr Dimitris Maggioros, deputy general manager, ms Lisa Pelekanou, chief financial officer and mr Alexis Karamalis, investor relations officer.
The companys financial figures where presented, showing an increase in earnings after tax and minority rights by 13.6%, reaching Euro 18m from Euro 15.9m in 2005.
Consolidated turnover was Euro 116.9m from Euro 107.5m in the previous year an increase of 8.6%, while earnings before tax, financial results, investment results and depreciations reached 69.1m from 61m in 2005.
The unamortized value of the company s fleet on 31/12/2007 was Euro200m, while total investment in fleet expansion and renewal for the fiscal year was Euro 114m. Autohellas - Hertz has managed to maintain once again its leading position in the market, with 26,800 vehicles under its management from just 8,500 in 1999.
Reference was made regarding the short term industry (R-a-C), and the need to be very cautious in respect to the tour operator market, but also the prospects arising from the better exploitation of the domestic market.
The presentation also focused on the Fleet Management sector, currently representing 69% of total company s turnover. Total market is expected to continue its growth in the following 3-4 years at an estimated rate of 8%. Autohellas-Hertz is focusing its efforts in retaining its traditionally dominant position and market share, by exploiting both the infrastructure and the experienced personnel which constitute its strategic advantages against its competitors.
Ms Pelekanou discussed the progress of Autotechnica Ltd, a subsidiary of Autohellas - Hertz in Bulgaria, which reported an increase in profits of 15% reaching Euro 425ths. Autotechnica Ltd is the national franchisee of Hertz brand as well as the exclusive importer of SEAT cars.
Reference was also made on Demstar rentals 2005 Ltd, a company partially owned by Autohellas (75%). Demstar uses the franchisee license given to Autohellas-Hertz for the country of Cyprus. 2006 was the first full financial year for Demstar, and turnover reached Euro 3.7m with earnings Euro 217ths.
Finally, the establishment of a new company in Romania was mentioned, which is expected to be completed in the following days. This company will be operating under the exclusive agreement to use the Hertz brand in the Fleet Management sector.

TERNA S.A. : Reply to ATHEX Letter
In response to your letter dated 26/03/2007, regarding an article in the electronic press about the possible listing of the shares of the company "TERNA ENERGY S.A.", affiliate of the "GEK - TERNA" Group, in the Stock Exchange, we would like to inform you that our affiliate has submitted in the past an application for the listing of its shares in the Athens Stock Exchange. Our Group is reconsidering the possibility to proceed with the listing of the shares of the aforementioned affiliate in the Athens Stock Exchange.
PUBLIC POWER CORPORATION SA : Announcement
The BoD of Public Power Corporation SA at its meeting held on 27 March 2007 decided to propose to the Annual General Meeting of Shareholders the distribution of Euro 0,16 dividend per share for the year 2006.
FRIGOGLASS S.A. : Presentation of Frigoglass to foreign institutional investors

FRIGOGLASS, Europe?s leading manufacturer and solutions provider of Ice Cold Merchandisers (ICMs), hereby informs the investment community that participated on the 7th Annual Pan European Small & Mid Cap Conference organised by Deutsche Bank on March 21-23, 2007.
FRIGOGLASS presentation is available on the company?s website www.frigoglass.com as well as on the Athens Exchange site www.ase.gr.

AGRICULTURAL BANK OF GREECE S.A. : Schedule of Intended Corporate Actions for the year 2007

In compliance with the article 292 of the ATHEX Regulation, ATEbank announces the Schedule of Intended Corporate Actions for the year 2007:
-Announcement of F.Y.2006 results: 12-3-2007.
Publication of F.Y. 2006 Financial Statements: 13-3-2007.
Analysts Briefing: 18-4-2007.
Annual Ordinary General Meeting of Shareholders: 23-5-2007.
Identification of dividend Beneficiaries: 25-5-2007.
Åx-dividend date: 29-5-2007.
Dividend Payment date: 6-6-2007.

KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. : Decisions of the Extraordinary General Meeting of the shareholders

It is hereby announced that on 27 March 2007 was held the Extraordinary General Meeting of the shareholders of our company KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING SA.
Present at the meeting were in total 8 shareholders representing 73.30% of the share capital, that is 11,135,080 shares and votes out of a total 15,190,320. The General Meeting approved by 100% of the present shares and votes the issuance of a seven year (7) common bond of one million euros (1,000,000 Euro), pursuant to the provisions of Law 3156/2003, through EFG EUROBANK ERGASIAS S.A. The interest rate and the issuance terms will be mentioned in the relative Bond Contract.
The purpose of the bond is to finance the acquisition of new yachts in the context of the continuous renewal/modernization of the company''s fleet thus maintaining its competitiveness.

ELAIS - UNILEVER S.A. : Full Year 2006 financial results

ELAIS UNILEVER S.A. announced its Full Year 2006 financial results prepared in accordance with International Financial Reporting Standards (I.F.R.S.).
During the year 2006, Sales of the Company posted an increase of 5.0% amounting to Euro 237.7 mil. compared to Euro 226.4 mil. in 2005. More specifically, spreads and cooking products sales rose by 4.8% reaching Euro 188.3 mil., representing 79.2% of total turnover. Savoury and beverages sales increased by 6.6% standing at Euro 40.5 mil., representing 17.0% of total turnover.
Gross profit for the period 2006 increased by 7.4% standing at Euro 100.3 mil. compared to Euro 93.4 mil. in 2005, while gross profit margin amounted to 42.2% over 41.3% in the year 2005. This increase in gross profit is attributed to the product mix, new innovations and a more efficient operation of the company''''s production plants.
EBITDA for 2006 stood at Euro 35.7 mil. compared to Euro 38 mil. in 2005, marking a decrease of 5.9%. Earnings before taxes for the full year period of 2006 amounted to Euro 34.7 mil. compared to Euro 36.1 mil in 2005 a decrease of 3.8%. Finally, earnings after taxes stood at Euro 23.6 mil. over Euro 23.4 mil. in 2005 marking an increase of 0.7%.
Based on the financial results of the year 2006 the Management team of ELAIS - UNILEVER views the company?s organic growth as satisfactory. Through the implementation of its innovation program, the company plans to continue offering products that respond to the constantly diversified consumer preferences, as well as the modern nutrition trends.
See the Full Year 2006 financial results

ELAIS - UNILEVER S.A. : Plan of Intended Corporate Actions

As part of the obligations to inform the investing public according to the ATHEX Regulation, ELAIS - UNILEVER S.A. announces that its plan of intended corporate actions for 2007 is estimated to be the following:
Wednesday 28 March 2007: Release of FY 2006 financial results.
Friday 18 May 2007: Annual Ordinary Shareholders Meeting.
Monday 21 May 2007: Determination of beneficiaries of the dividend for the financial year 2006 (eligible to receive FY 2006 dividend payment are the shareholders by the closing of the ATHEX trading session on the same date).
Tuesday 22 May: Ex-dividend date for the dividend FY 2006.
Thursday 31 May 2007: FY 2006 dividend payout through the bank.
Thursday 31 May 2007: Release of Q1 2007 financial results.
Friday 31 August 2007: Release of H1 2007 financial results.
Friday 30 November 2007: Release of 9M 2007 financial results.

PANTECHNIKI S.A. : Schedule of intended corporate actions.

In accordance with article 292 of the Athens Stock Exchange Regulation, PANTECHNIKI SA announces to the investors its schedule of intended corporate actions, which is as follows:
- Annual Financial Statements publishing date: Saturday, March 31st 2007.
- Analysts Briefing Date: Monday, May 21st 2007.
- Annual Ordinary General Meeting: Friday, June 29th 2007.
No dividend will be distributed by the company for the fiscal year 2006.

GR. SARANTIS : Presentation of "GR. SARANTIS S.A." in the association of Greek institutional investors (A.G.I.I.)
See the Press Release and the Presentation
F.G. EUROPE S.A. : Improvement of financial figures and profitability of the group - Increased sales of long living consumer goods
See the Press Release
FORTHnet S.A. : Annual presentation to analysts
In accordance with the Article 292 of the Regulation of the Athens Exchange, Forthnet SA reports that the annual presentation to analysts took place in London on 27.03.2007 during the 7th Annual European & Emerging Markets Telecoms Conference, organized by Citigroup, where Mr. Pantelis Tzortzakis, CEO, presented the Group financial results for the fiscal year 2006 to analysts and institutional investors. Mr Tzortzakis presented the company''s KPI''s and provided a recent trading update. In particular reference was made to Forthnet''s ADSL subscribers exceeding 100,000 by year-end ''06 and the strengthening of its market share to 21.7%. Also, Mr Tzortzakis referred to the strong demand for Forthnet''s new bundled ULL offering (Forthnet 2play), initially through 28 Local Exchanges, since its official launch in January of this year and the current level of Forthnet ADSL subscribers reaching 125,000. During 2006, Forthnet invested Euro 36m in the development of broadband network in Greece and its investment plan is accelerating in 2007. Finally, reference was made to the agreement with OTE to construct 112 Local exchanges by Dec ''07, with a target for Forthnet to reach 165 Local Exchanges by that time, as well as the recent award of the broadband development of two regions in Northern Greece and the Islands of the East Aegean representing a total project amount of Euro 55.6m, which, combined with the Government Subsidy of the Development Law, will increase the total Government Subsidies for Forthnet up to Euro 36.4m.
ALUMIL MILONAS ALUM. IND. S.A. : Full Year 2006 Financial Results
See the Full Year 2006 Financial Results
INTRACOM S.A. HOLDINGS : INTRACOM TELECOM signs a $2.25 million contract with Moldtelecom

INTRACOM TELECOM, part of SITRONICS Telecommunication Solutions business division, under the context of a Frame Contract with Moldtelecom for the provision of equipment and services, has been awarded a project of $2.25 million in order to implement, put in operation and supply in-house designed and built equipment for the Next Generation Access Network transition plan of the company.
Founded in 1993, JSC Moldtelecom is the leading telecommunication company in the Republic of Moldova. The company manages the fixed telephony network in Moldova, comprising about 1 million subscribers, out of which 65% is digital. Moldtelecom offers a wide-range of telecommunication services, including Fixed and Mobile (CDMA) telephony and Internet (as well as xDSL Connectivity), of national coverage.
The aim of the project is to expand the existing telecommunication network of Moldtelecom with equipment and services, in line with the latest international trends, for the architecture of the Next Generation Access Networks. INTRACOM TELECOM fulfilled the demand of Moldtelecom for a field proven future proof solution with its in-house designed and built IBAS Multi-Service Access Node solution platform.
IBAS Multiservice Access Node is specially designed for the simultaneous provisioning of multiple Broadband (High Speed Internet, broadband TV, gaming) and Narrowband (Voice, Leased Line, Pair-Gain) services from the same chassis. Taking full advantage of xDSL and VoIP technologies and the Ethernet and/or ATM transmission backbone, IBAS MSAN is specially engineered for both Central Office and Outside Plant deployments providing the ideal solution for demanding Next Generation Multiservice networks and triple play services.
This new contract is the result of INTRACOM TELECOM long term cooperation with Moldtelecom, providing state-of-the-art telecommunication products and services. INTRACOM Group is present in Moldova since 1994 and has been a close partner of Moldtelecom.
About INTRACOM TELECOM
INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as supplier of integrated solutions and professional services to fixed, wireless and mobile operators in the EEMEA region. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,600 employees, operates subsidiaries in 12 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM is controlled by JSC SITRONICS (Russia) with 51%. JSC SITRONICS is the technology subsidiary of JSFC SISTEMA, the largest consumer services company in Central and Eastern Europe. INTRACOM HOLDINGS Group (Greece) retains a 49% stake. For more information please visit: www.intracom-telecom.com.
ABOUT SITRONICS
SITRONICS is a leading provider of telecommunication solutions, including software, equipment and systems integration, IT solutions and microelectronic solutions in Russia and the Commonwealth of Independent States with a strong presence in Central and Eastern Europe and a growing presence in the Middle East and Africa. SITRONICS serves over 3,500 clients, maintains offices in 29 countries and exports its products and services to more than 60 countries. SITRONICS has over 10,000 employees of which approximately 4,600 are involved in research and development. SITRONICS? key Telecommunication Solutions operations are based in Prague, Czech Republic and Athens, Greece, while the company?s IT Solutions and Microelectronic Solutions divisions are based in Kiev, Ukraine and Zelenograd, Russia respectively. For more information please visit: www.sitronics.com.