SOFTLINE COMPANY PERMITTED TO PURCHASE OVER 50% OF EKOTEKH

Mark Pollok, Ukrainian News Agency, Kyiv, Ukraine, Sunday, August 17, 2008

KYIV - The Antimonopoly Committee of Ukraine has permitted the Softline company (Kyiv) to purchase over 50% of the shares in the Ekotekh scientific-research institute of automatized computer systems (Kyiv). This reads the statement of the AMCU. Softline is a closed joint-stock company.

Ekotekh, registered as a limited liability company, renders services on software engineering, its implementation and maintenance. 57% of shares in Softline belong to the Cypriot UKRN III NEW WORLD GROWTH CO.LIMITED, 16% — to the Sigmableyzer Ukraine limited liability company.

As Ukrainian News earlier reported, Softline is the Ukrainian designer and supplier of software, information analysis systems, and works as a project integrator.

Softline ended 2007 with a net profit of UAH 12.601 million, having increased its net revenue by 43.7% or UAH 32.148 million to UAH 105.776 million, compared to 2006.
[Note: Softline is a member of the U.S.-Ukraine Business Council (USUBC)]