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| 18:47:33 | 28-04-2005 | Social |

WILL ARCA BRING SUIT AGAINST ARMENTEL?

Not long ago when replacing wires of the 44th telephone station Armentel has
blocked the cash machines of the ArCa system. Today the 5-th birthday of the
company was celebrated in the Central Bank.

During a press conference ArCa Executive Director Shahen Hovhannisyan stated
that the company might bring a suit against Armentel. He also informed that
a system of joining the wires of the cash machines with each other and the
center located in the Shengavit community can be created.

To date, 14 banks of Armenia are members of ArCa system and two more banks
are willing to enter it presently. ArCa itself is integrated into the system
of MasterCard and VISA and provides services to the members of the system.