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BRAMA, January 29, 2002, 1 pm ET


Press Release

EnTechEco Ltd. reports achievements in 2001

The Company’s CEO Andrew Zubenko is convinced the passed year was the period of intensive growth.

In his speech on company’s general meeting A. Zubenko has particularly emphasized arising company’s new activity branches, deepening collaboration with clients and extending their number, further improving projects and company management.

System analysis and re-engineering Department has been demonstrating intensive and successful activity, Web-design Department has been restructured and extended, Marketing Department has been substantially reformed, Microsoft Corp. products distribution Subdepartment has been organized.

Strategic partnerships have been established with KORUS Consulting (St. Petersburg) on promoting automated system for budgeting and financial planning Comshare MPC, and with Interface Ltd. (Moscow) on distribution ERP-system iRenaissance.erp.

Number of clients has increased, among them has been particularly worth mentioning "KievMetroStroy" (central office and 10 subsidiaries).

New releases of company’s main software products have issued, their Ukrainian versions are completed in general. In particular, the clients have been supplied with the second version of the program system "Fuel and raw materials accounting", the functionality of the complex "Salary accounting. Staff" has been substantially extended, several parts of the program system "Financial Collection" and the maintenance management system have been substantially overworked.

Intensive marketing policy has been conducting. Among successful projects in this direction have been particularly mentioned: the issue of new advertising production, the organization of seminar on Comshare MPC system held in Kharkov on 14 Dec., the participation in "Budgeting: experience of application on Ukrainian enterprises" conference organized by "F.A.-Service" in Kiev on 12 Dec., and a number of other events.

Company’s internal organization has been optimized. Appearance of the new activity directions has required relevant structural changes. Having been focused on increasing company’s effectiveness, the collaboration with clients has been improved, the structure of company management has been partially revised, modern methods of projecting having been mastered across the stages of software development and implementation at client’s workplace.

EnTechEco Ltd. (www.entecheco.com) is a leading provider of enterprise management software. Founded in 1991. Largest enterprises dominating energy, transportation and machine-building markets of Ukraine, Russia and Kazakhstan are the clients of EnTechEco.


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