ARMENIAN PARVANA COMPANY PERMITTED TO JOIN ANELIK MONEY TRANSFER SYSTEM

ARKA
June 5, 2008

YEREVAN, June 5. /ARKA/. Armenian Central Bank permitted the Parvana
Company to join the Anelik payment system. The CBA made the decision
at a regular board meeting chaired by Vice-Chairman Artur Javadyan.

Parvana was issued a license to provide money transfer services in
august 2007.

In addition to the commercial banks, six non-banking Armenian
organizations; HayPost, Depi Tun LLC, Elver LLC, Parvana CJSC, Tandem
Payments LLC, and Tel Cel CJSC; are currently joined in individual
money transfer systems in Armenia.

The following international payment systems are operating in Armenia
are SWIFT, Western Union, Money Gram, Anelik, Unistream, Bistraya
Pochta;, Interexpress, Contact, Lider, Migom, Privat Money Transfer,
STB Express, Faster, Travelex.