SINGULARLOGIC S.A.

DIS - Press Release

While the typical merger procedures are completed, LogicDIS proceeds to the negotiation of its new share on the board of Athens Stock Exchange Market, on Thursday 20th July 2000. The floating share price will be at 3.025 drs. DIS and COMPUTER LOGIC have traced out a dynamic course in the IT area during the last few years, based on the integrated solutions applications for any size of enterprise.They have established a rule of trustworthiness and have covered the customer's needs in any way. The main factors of their successful course are the high-level know-how, the expert human labor force and the cooperation with leading IT companies at an international level. The two merged companies COMPUTER LOGIC and DIS are now proceeding to a new era.Aiming at the innovation of high technology services provision, LogicDIS arising from the merger of DIS and COMPUTER LOGIC, is set in a leading way in the Greek Information Technology market. The targets of LogicDIS are the preservation of the leading position in Greece and the establishment outside Greece. Innovation, technology and quality in products and services lead the strategy planning of LogicDIS.The economic sizes of LogicDIS Group for 2000 are estimated to be 25 billion drs as for the turnover and 4.5 billion drs as for the earnings before taxes. Before the end of 2000, a big increase in the capital share of about 40 billion drs is going to take place, and EUROBANK will participate as an associate at a percentage of 10% in the new corporate scheme. Therefore, LogicDIS will proceed dynamically to the realization of targets and perspectives already set. Among the targets set for the strategy of LogicDIS the most important are the following:-Preservation of leading position in the integrated Information Technology systems for large enterprises (ERP) as well as in the solutions for medium and small-sized enterprises., -Leading position in the Human Resources Management Systems, -Leading position in the Information Technology Systems and the solutions for the Financial-Credit area (Leasing, Mutual Funds, Securities), -Three times bigger market share in the projects of the public sector within the next five years, -Expansion into the markets of foreign countries with the competitive advantage of ultra-modern technology and the accumulated know-how., -Development and use of all the technologies related to e-commerce, internet and telecommunications, -Development of new activities in combination with the strategic alliance of LogicDIS with EUROBANK and Latsis Group as a wholeThe creation of LogicDIS is based on the vision of the answer to the new era. An era of big schemes' survival, the business environment of which becomes more and more versatile, complex and competitive, demanding from the ruling players power, range, record and trustworthiness.With the vision to create the most powerful industry in the area of Information Technologies and to establish the company out of the Greek borders, LogicDIS was created. In our vision all the following are included: the emergence of the information technology capabilities, the investments in high technology, the evolution of the way of working having as the main pivot the customer, and in general the servicing of technology to Man.The subsidiaries of LogicDIS Group, in their majority, are leaders in their sector as far as their customers and their market share are concerned, as well as the level of their know-how. More specifically, LogicDIS Group consists of the following companies:-AIPS CONSULTING S.A.,
-ALPHA PLIROFORIKI S.A.,
-BASIS S.A.,
-BUSINESS LOGIC S.A.,
-BUSINESS SOLUTIONS S.A.,
-INFOSERVE S.A.,
-KNOWLEDGE S.A.,
-LOGIN S.A., -MODULAR S.A., -PCS S.A., -TASIS CONSULTING S.A.Initiating a new era in the area of the integrated solutions provision of high technology the vision of LogicDIS becomes a reality. LogicDIS charged with the responsibility of the past of the two companies, COMPUTER LOGIC andDIS that have created it, and in full consciousness of the responsibility towards the investors, the customers and the labor force, proceeds to the realization of targets and perspectives set for the future. Having as armour the organization, the technology, the products, the high quality of services and most of all its People, LogicDIS will realize the vision.