WILL IT BE SOLVED?

A1+
[04:33 pm] 10 January, 2008

Head of the Department for Economics of the "Republic of Armenia
Government Staff" Simon Ghonakhchyan received employees of
"Hydroaparat" OLC today.

We should remind that about 230 shareholders demand their 35 %
shares. As they mention no equipments are preserved in the factory
today, everything is sold without their permission. "ArmRusGazArd"
is the present owner of 65 percent of the factory.

Simon Ghonakhchyan promised to provide 35% of shares to the 230
shareholders.

Shushan Grigoryan, one of the shareholders told "A1+" that they wanted
their part in compliance with 1994 facts, since the factory was very
rich then and had various equipments. "Now only walls preserve in
the factory", mentioned Shushan Grigoryan.

Simon Ghonakhchyan said that they were unable to meet the employees’
demand.

The shareholders are going to convene a session and discuss their
further activities.