On Tuesday, October 10, 2006 a presentation of CARDICO Group took place at Grand Bretagne Hotel in Athens.
At the beginning of the presentation, Mr. Nikos Cardasilaris, CEO, introduced the audience to Group''''s activity, namely the production and distribution of dried nuts. More specifically, CARDICO processes nuts produced in Greece and abroad and distributes and trades them both locally and in more than 28 countries worldwide. In 2005, 31% of the consolidated turnover came from sales in France, 14% in Germany, 12% in Greece, 10% in Italy, 10% in Spain, while the remaining percentage regarded sales to other countries.
Furthermore, during the presentation, a quick overview of the Group''''s revised estimates was made, regarding fiscal years 2006 and 2007. The abovementioned estimates were released as of 20/09/2006.
Moreover, a reference was made on the discontinuation of negotiations between CARDICO and Coca Cola 3E where it was clarified that while the interest for cooperation was mutual, there was no positive conclusion.
Regarding commercial activities, it was mentioned that the company has commenced the promotion of CARDICO''''s products under the brand name "Nut Lovers" to Super Market chains abroad and to a series of sales points in Greece. Finally, Mr Kardasilaris noted on the participation of institutional investors in the share capital of the company, which amounts to 30.5%, and emphasized on the success of CARDICO"s participation in the "1st Annual Greek Roadshow" of the Athens Stock Exchange on September 20 and 21 in London. Note: the corporate presentation has been uploaded in CARDICO''''s website www.cardico.com and in the Athens Stock Exchange website www.ase.gr.