Media Systems Launches a 3 Mln Euro 2007-2008 Investment Program

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Media Systems AD-Stara Zagora plans to invest a total of 3 mln euro during the period 2007-2008 to increase its production capacity and expand its market share, the company’s prospect published on the website of BSE-Sofia shows.

Currently the company works at 95% of its production capacity. The newly purchased equipment will increase the annual production capacity by an average of 40% over the next two years.

Media Systems AD expects to gain 1.446 mln leva from its public offering (calculated as a difference between the issue value of all 1.5 mln new shares and the costs for their public offering and registration).

The company expects its revenues to grow 14% in 2007 and another 29% in 2008. Media Systems expects to post a net profit of 361,000 leva in the end of this year and 1.955 mln leva in 2008.

676 shares on this position changed hands yesterday at 5.70 and 6.00 leva/share.

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