From 1.1.2005 till today "MAXIM" KONSTANTINOS M. PERTSINIDIS S.A., has proceeded to the modernization of its mechanical equipment, education and training of its work force, applying investment programs that amount to 4,4 million Euros. Despite the unfavorable conditions from the high competitive pressure that the sector of Textile Manufacturing is suffering, mainly from low cost countries, after the complete deregulation of the market in the beginning of 2005, the company - as the Chairman of the Board of Directors, Konstantinos Pertsinidis, underlined during the ordinary General Assembly managed to increase its net sales from dying and finish services by 12,57%, which amount to 10,5 million Euros in 2005, vs. 9,3 million Euros in 2004. The turnover was increased by 13% and amounted to 10,6 million euros vs. 9,3 million Euros in 2004. The profits before taxes, the financing, investment and depreciation results of the company (EBITDA) were increased during the fiscal year 2005 and amounted to 0,8 million Euros vs. 0,8 million Euros of losses in 2004. Losses before taxes amounted to 2,0 million Euros, presenting a decrease of 26,7% vs. 2,8 million Euros in 2004. For this year, the company expects an increase in sales. The modernization of the equipment, the reorganization of the production procedure, the training of the work force, the perspectives of the company's financing, which is not burdened with long-term loans, makes the Board of Directors to believe that, despite the unfavorable conditions that prevail in the sector of Textile Manufacturing, will encounter the difficulties and will accomplish the turnaround of the adverse climate.