"ENTERPRISES INCUBATOR FOUNDATION", SUN MICROSYSTEMS SIGN CONTRACT ON COOPERATION

ARKA News Agency, Armenia
Sept 20 2006

YEREVAN, September 20. /ARKA/. The Enterprises Incubator Foundation
(EIF) and Sun Microsystems signed a cooperation contract today,
Tigran Davtyan, deputy minister of trade and economic development of
Armenia reported at the Armenia-Diaspora Second Economic Forum.

"This cooperation will extend the scope of programs on assistance to
small and medium entrepreneurship currently implemented in Armenia,"
he said.

Director of the EIF Bagrat Yengibaryan reported that the cooperation
will be carried out in three directions: the establishment of a
radio-frequency identification laboratory (RFID); establishment of
Java labs in cooperation with the country’s leading universities for
the training of young specialists; establishment of Solution Centers.

Yengibaryan explained that the Centers will allow the software
developers to test their products.

"This will allow Armenia to think of the next step. And it can turn
from a country executing foreign orders into one selling IT products,"
Yengibaryan said. R.O. –0–