CISCO ACADEMY TO BE FOUNDED AT RUSSIAN-ARMENIAN UNIVERSITY

ARKA
May 16, 2008

YEREVAN, May 16. /ARKA/. The Cisco Academy will be founded using the
facilities of the Russian-Armenian (Slavonic) University (RAU).

Anush Begloyan, Public Relations Executive, ArmenTel Company (Beeline
brand) reported that the Academy will be founded under the auspices of
the Russian training center Cisco Systems, Moscow Technical University
of Communications and Informatics, and the RA Ministry of Transport
and Communication.

Begloyan pointed out that the initiative to found the Cisco Academy
in Armenia was advanced by the Step Logic Armenia Company.

The students of the Academy will take training courses at Beeline to
work for the company later.

Begloyan also reported that negotiations for cooperation in founding
the Academy are being held with the State Engineering University
of Armenia.

Cisco Systems, Inc. is the world leader in networking Internet
technologies.

The Cisco brand is one of the world’s most expensive brands ($19.1bln).

Cisco launched its activities in the CIS in 1995.