Capital Increase of Specialized Business Systems Registered By Court

Sofia City Court has filed the capital increase of Specialized Business Systems AD with the commercial register, BSE reports.

The company filed an IPO increasing capital from 3.319 mln leva (1.696 mln euros) to 5 mln leva (2.556 mln euros) by offering 33 620 shares with a face value of 50 leva and issue value of 68 leva.

The company's 5 mln leva (2.556 mln euros) capital is allocated in 100,000 common, registered, paperless, voting shares with a face value of 50 leva. SBS generated a total of 2.286 mln leva (1.168 mln euros) in the IPO, and intends to invest the money in expansion of its logistics network and production portfolio.

The company's core activity is import and export, distribution and maintenance of PC components and systems, delivery, installation and maintenance of computers and other office equipment, development of IT solutions etc.

SBS expects 2007 net profit between 326,000 leva (166,681 euros) and 418,000 leva (,213,720 euros) and revenues from core activity between 14.774 mln leva (7.553 mln euros) and 16.328 mln leva (8.348 mln euros).

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