At a general meeting held December 15, shareholders in Specialized Business Systems (

)approved a proposal to reduce the face value of shares from 50 leva to 5 leva, while increasing their number from 100,000 to 1mln shares.

Shareholders also decided 2006 profit (184,000 leva) to be set to the company's Reserves fund.
The company was assigned four public procurement orders in September and October, the value of the contracts announced so far stands at a total of 342,835 leva.

At the beginning of November it emerged that SBS acquired 79% of the Varna-based internet supplier Bulstar 2000.

Shares dropped 3.88% to an average of 127.23 leva.