In reply to the Athens Exchange's letter dated 10/4/2006 regarding the article of the IMERISIA newspaper on 08/04/2006 under the title "ALTEC - MIT upcoming agreement for the 100$ laptop", we would like to notify you that ALTEC, with continuous efforts for its strategic development is focused on areas primarily related to services, integrated solutions and innovating products of added value, which are also related with telecommunications services. Therefore, the company is in a constant search, examination, discussions and negotiations regarding to various co operations and synergies for the creation-development of new products and services.

ALTEC's basic goals are: technological innovation, user friendly interfaces combined with affordable prices for consumers. Due to these efforts, our company- as it is already known- has been classified among the biggest 700 European enterprises leading investments for Research and Growth, according to the recent report of the European Committee; 'EU Industrial R&D Investment Scoreboard 2005'.

Under this scope, the case of manufactured products such as computers in affordable prices with the ability to combine their function with mobility, is also included to the company's. However, all the above are under development and testing and there is up to now no much result in order to start commercial exploitation. As soon as this goal will be accomplished, we shall properly inform your services, as well as investors and the general consuming public.

Furthermore, regarding the specific article, we note that the upcoming agreement with specific scientific organizations or personalities as mentioned in the article, does not correspond in reality. However, we monitor their extremely interesting opinions expressed in public.