“AMERIA” CJSC DEVELOPS INVESTMENT PLAN FOR KRASNOYARSK HEAVY ENGINEERING PLANT

ARKA News Agency, Armenia
April 18 2006

YEREVAN, April 17. /ARKA/. “Ameria” CJSC developed an investment plan
for the Krasnoyarsk Heavy Engineering Plant (KHEP). The investment plan
aims at raising $ 150 millions to fund investments in technology and
working capital, as well as for introduction of competitive leasing
schemes for major clients. The investment plan projects reaching an
annual sales level exceeding $400 millions by 2010.

The Krasnoyarsk Heavy Engineering Plant is one of the biggest
enterprises manufacturing excavators and mining equipment. In the
beginning of 2000, a new team took over the management of the company
experiencing financial problems at that time. The new management
started actively implementing a rehabilitation policy. According to
Gagik Sahakyan, Head of the Management Advisory Services Department
of Ameria, the quick revival and rehabilitation of “KrasTyazhMash”
brand will get at its full pace in the nearest future. Today KHEP
is already one of the most modern enterprises in the CIS in terms of
equipment and technologies, applied in the production process.

Ameria is a group of professional services companies registered in
Armenia with the objective to provide a comprehensive package of
professional advisory and assurance services. Ameria specializes
in four major areas of professional activities: management advisory
services; assurance and advisory services; legal advisory services;
investment banking. Established in 1998, the company has become
a leader in the Armenian market of advisory services bringing an
international reach and local touch to complex issues rising in more
than 30 industry sectors.