CORNET-AM LAUNCHES SERVICE ON DOMAIN NAME REGISTRATION IN .AM ZONE

ARKA
May 16, 2008

YEREVAN, May 16. /ARKA/. "Cornet-AM" closed joint stock company,
a daughter company of "COMSTAR-Obyedinenniye TeleSystems" (Comstar
United Telesystems) in Armenia launched services on registration of
domain names in Armenia’s .am national zone, the Press Service of
"COMSTAR-Obyedinenniye TeleSystems" reported.

"Cornet-AM" signed a contract with AMNIC registrator (Armenia Network
Information Centre) entitling the Armenian operator to independently
register top-level country domain names in .am zone, says the press
release.

"Today most of our users are corporate clients who attach importance
to high-quality service and a set pf additional interesting services,"
the General Director of "Cornet-AM" Boris Demirkhanian said.

According to him, modern companies often need to have a webpage. "We,
being one of the biggest Internet operators in the country, can offer
this service now," Demirkhanian said.

Domain.am is the official domain of Armenia established in August 1994.

According to AMNIC, over 1,000 websites are currently registered in
the .am zone.

"COMSTAR-Obyedinenniye TeleSystems" (COMSTAR-OTS, LSE: CMST) is the
biggest operator of united telecommunication services in Russia and
the Commonwealth of Independent States.