The Athens Exchange (ATHEX), following the relevant decision of 17.4.2007 of the Executive Committee of the Hellenic Capital Markets Committee, announces that, starting today, 18.04.2007, the shares of the company "MLS INFORMATION TECHNOLOGY S.A." are moved into the "under surveillance" category, in accordance with Article 212, par.1 of the ATHEX Regulation.

Specifically, it was found out that, the Chartered Auditor''s report on the financial statements of the company for the fiscal year 2006 included negative remarks. More specifically, the said company has included in the turnover of the year ending revenues amounting EUR 1,350 thousand (27% of consolidated turnover), amount which concerns a contest for which no contract has been signed for the execution of the project, as the relevant contest has not been awarded yet in favor of the company.

At the same time, the Chartered Auditor-Accountant was not in a position to certify inventory amounting EUR 1,300 thousand, which was stored in warehouses of third parties, as she was notified about the existence of the aforementioned place in March 2007, during the carrying out of the final audit, and not at the time the end of the year inventory was carried out.

Finally, the company must carry out a supplementary provision for its bad debts.