SIGNIFICANT OPENING FOR PROHA IN THE BALTIC COUNTRIES
Proha Plc Stock Exchange Bulletin November 28, 2003 at 2.55 pm SIGNIFICANT OPENING FOR PROHA IN THE BALTIC COUNTRIES Proha Plc's subsidiary Artemis Finland delivers the Artemis Views project management solution to a Lithuanian Comliet Group. The project will be conducted with a Lithuanian system provider Informacines Technologijos Group. Proha sees the evolving project management markets in the Baltic Countries strategically important. Earlier this year Proha completed a project management software project within the construction industry in Estonia. The project in Lithuania is scheduled to start by the end of this year and it is estimated to be completed by the end of 2004. The Comliet Group is a telecommunications network construction and maintenance provider of Lietuvos telekomas (Lithuanian telecom) owned by TeliaSonera. Comliet has 1000 employees in Lithuania, Estonia, Latvia and in the area of Kaliningrad. Proha in brief Proha is a leading, globally operating portfolio and project management solution provider and the largest software product company in Finland. Proha's solutions help its corporate customers to carry out their strategies, allocate their resources productively and control their operative functions as profitably as possible. The Proha Group's net sales were EUR 100.8 million in 2002. Nearly 90% of net sales originate from outside Finland. The Group employs approximately 650 professionals with over 500 of them outside Finland. Proha Plc Pekka Pere President and CEO More information Pekka Halonen, Proha Plc, tel. +358 (0)20 4362 141, pekka.halonen@proha.com Risto Saikko, Artemis Finland Oy, tel. +358 (0)20 4362 102, risto.saikko@fi.aisc.com www.proha.com www.aisc.com/fi ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/11/28/20031128BIT00480/wkr0001.doc http://www.waymaker.net/bitonline/2003/11/28/20031128BIT00480/wkr0002.pdf