INTRACOM S.A. HOLDINGS

Announcement

INTRACOM IT Services participated in the ICT Cyprus expo 2007, held in Nicosia, from May 3 - 5. The company attended the exhibition aiming to further develop its activities in the local market. The exhibition was organized by CITEA and was held at the international conference center, in Nicosia. Many important government and private sector executives from Cyprus and the broader geographical region have attended the event.
INTRACOM IT Services presented its integrated solutions on e-Government and Banking. Within the framework of the exhibition, a relevant conference took place where Dimitris Vassilopoulos, Director of Sales of Public Administration Systems, gave a speech entitled "ITC Innovation, Research & Technology Funding through Opportunities". Mr. Vassilopoulos presented different examples of implementing projects, explaining that innovation and research can be funded not only by EU or national programs, but also by the collaboration among research centers and product manufacturers in order to implement complex projects.
INTRACOM Group is among the first Greek organizations with considerable export activity, which begun in the 90s, aiming to become a leader in the broader geographical region. After the Group reorganization, today INTRACOM IT Services employs 1,400 professionals approximately, half of which work outside Greece. INTRACOM IT Services has more than 500 international customers, consisting of public administration authorities, ministries and government institutions, banks and large enterprises, while 60% of its turnover comes from international activities.
INTRACOM IT Services customers in Cyprus are Cyprus Commercial Bank, where the integrated banking system PROFITSΘY is in full operation, as well as JCC Cyprus. Regarding the Public Sector, INTRACOM IT Services has successfully implemented TAXISnet on behalf of the Cypriot Ministry of Commerce.

About INTRACOM IT SERVICES
INTRACOM IT SERVICES, a subsidiary of INTRACOM HOLDINGS, is a leading IT services provider in Southeast Europe and the Middle East. The company specializes in systems integration, software development and provision of outsourcing and support services for the public administration, banking and financial institutions, and other large enterprises. More than 500 international organizations and companies in 18 countries have chosen INTRACOM IT SERVICES for its advanced solutions and professional services. The company has dynamically developing subsidiaries in Greece and abroad. Its largest subsidiary, INTRASOFT International is one of the most important IT services providers to the European Union bodies. As a Group, INTRACOM IT SERVICES has 1,400 employees. IDC has consistently ranked INTRACOM as the leading IT services provider in the Greek market since 2000. For more information please visit: www.intracom-it.com.