May 7 2001

Newsletter No.13

-Computerbank & Planet Four Year 2000 Results
-New Projects

As we have now entered the last month of spring, leading to a "long hot summer" of public tenders, assignments and project completions in the gigantic, for Greek standards, program of renovation and upgrade of the Public Administration's telecommunications infrastructure, we wish to update you on some of our Group's news.

Our company Computerbank Networking SA had a record year last year (2000) with sales increasing by 60% to nearly Drs. 2.4 billion (c. $6.3 million) while profits jumped by 234% reaching Drs. 314 million (c. $825,000). On the other hand, our sister company Planet Four Networking SA improved its sales by 90%, reaching Drs. 660 million ($ 1.7 million) with a 98% improvement of profits, which reached Drs. 26 million (c. $68,000).

One more fact we feel proud about is that during year 2000 we installed the data/voice/video infrastructure for 45,600 workstations at Public Administration departments, Public Utilities organisations and large private firms.

Year 2001 promises to be even more successful. As chairman and CEO Mr. Costas Vourdakis pointed out, "we now see the results of our correct company structure, our careful selection and training of people, our Group's insistence on quality throughout our operations and our immediate response to customers' needs".

Among other recent projects we have undertaken, we can indicatively mention the following few:

- The structured cabling voice/data/video infrastructure at the "Eurocourier" building (http://www.cbnetworks.gr/en/nea/120201.htm),

- The supply (in spite of world shortage) of a very substantial quantity of optical fibre for the IT & Telecommunications needs of the pipeline that will carry fuel from the refineries to the New Athens Airport at Spata. (http://www.cbnetworks.gr/en/nea/150201.htm),

- The installation of the voice/data/video networking infrastructure at the Municipality of Nea Philadelphia (http://www.cbnetworks.gr/en/nea/050301.htm),

- The installation (in a record 5-days time) of the voice/data/video networking infrastructure in one of the cargo forwarding buildings of the new Athens airport at Spata (http://www.cbnetworks.gr/en/nea/160301.htm),

- The installation of the voice/data/video networking infrastructure at the Training Centre of the Technical Chambers of Greece (http://www.cbnetworks.gr/en/nea/100401.htm), etc.

Further details can be found at our web site (http://www.cbnetworks.gr). In total, within the (traditionally low…) 1st Quarter of year 2001, we have installed the voice/data/video networking infrastructure of c. 10.000 workstations - a fact which forecasts that year 2001 will be another record-breaking year.

We shall not take up more of your time to day. Please allow us to come back with more news in the near future.

Thank you for your attention.



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