GLOCOMS GROUP AMERICAN COMPANY INTENDS TO DEVELOP ON ARMENIAN MARKET IN 2006

ARKA News Agency, Armenia
April 26 2006

YEREVAN, April 26. /ARKA/. Information technologies, finance management
and public sector are among basic spheres of Armenian companies’
activities.

Glocoms Group Company participated in four programs of the Armenian
Foundation: “Enterprises’ Incubator”-“Course of IT Project Management”,
“Course of Information Security”, “Course of Web-developing Based on
Java-2” and “Course of Programming of Java-Based Security Systems”.

Glocoms Group developed and evaluated these projects, aimed at
developing IT in Armenia, as application of Java-technologies is a
priority course for the sphere’s 60% of specialists.

“Implementation of these projects is a starting point for encouraging
these activities in Armenia,” the press release says.

Glocoms Group was founded in 1998. Mission Statement: to provide
solutions that Grow from Strength to Strength. With representative
offices in 5 continents and access to more than 800 senior level
management and technology consultants worldwide, Glocoms Group
is involved in more than 140 national and international prominent
projects.

Glocoms Group is actively involved in WB programs in developing
countries, and over the last time it carried out large-scale activities
in CIS countries.

In 2005 Glocoms Group implemented international projects in the areas
of finance, procurement, management, e-government and IT in Angola,
Armenia, Bosnia, Brazil, Cape Verde, China, Croatia, Gambia, Malawi,
Mongolia, Sri Lanka, Romania, USA, Vietnam.

In 2006 alone the company plans to implement four tax and customs
consulting programs: “Reorganization of State Customs Process”
(Russia), “State Tax Papers Management System” (Ukraine), “State Tax
Information Systems” (Ukraine) and “Strengthening of State Control”
“Azerbaijan”.