The Annual General Assembly of the Shareholders of MAXIM · K. M. PERTSINIDIS S.A. that took place on the 23rd of March 2001, unanimously approved the proceedings for the fiscal year 2000.More specifically, the turnover of MAXIM during the year 2000 was GRD 4.111.370.000.- (Euro 12.065.649.-) presenting a decrease of 9,84% compared to the fiscal year 1999. On the contrary, net profits showed an impressive rise of 48% reaching GRD 319.214.000.- (Euro 936.798.-) despite the negative conjuncture in the prices of petroleum, which burdened the company with GRD 300 million. The decline in sales was attributed to the intense conditions of competition governing the international market that had as a result the decline of the textile industry in our country as well. The General Assembly decided to distribute a net dividend of GRD 10.- (Euro 0,03) per share for the fiscal year 2000 against GRD 7,5 (readjusted price) for the previous fiscal year.The acquisition of own shares up to 10% has also been decided, -in order to support share's price and up to GRD 1.500.- or Euro 4,40 per share - for the period of one year.The decision of the temporary General Assembly of Oct. 4, 1999 concerning the disposal of capital of GRD 2.161.948.000.- (Euro 6.344.675.-) for acquiring share capital of other companies has been changed as follows: One (1) billion Drachmas(Euro 2.934.703.-) for the modernization of company's mechanical equipment . Five hundred (500) million Drachmas (Euro 1.467.351.-) for acquiring share capital of other companies, and Six hundred (600) million Drachmas (Euro 1.760.822.-) for developing a trade division.Concerning the company's developments during the current year, the President of the Board of Directors Mr. Constantinos M. Pertsinidis stressed that according to the indications of the first trimester MAXIM has been following a stable course. The company acquired a 48% share capital of Fashion Synccotex Private Ltd, a company that operates in India and is active in the industry of Dyeing & Finishing of knitted fabrics and MAXIM is supplying it with its machines.Mr. Pertsinidis also announced that MAXIM has achieved an important opening into the Chinese Market by installing there a GRD 130.- million worth (Euro 381.511.-) of Dyeing Machines, through an international bidding. He estimates that this is just the beginning of the company's penetration into the Chinese market as MAXIM is already planning its participation in a series of other Dyeing & Finishing machines biddings in the same country.-