ASBISc Enterprises Plc - ASBIS Group Establishes Presence in Bosnia and Herzegovina through Acquisition of Local Distributor

ASBIS Group is a arch supplier of computer accouterments and software to the EMEA arising markets.Store this angel in big sizeLimassol (Cyprus), April 21, 2008 – ASBIS Group, a arch supplier of computer accouterments and software to the EMEA arising markets, appear it had accustomed attendance on the arising bazaar of Bosnia and Herzegovina through accretion of MEGATREND d.o.o. Sarajevo, a bounded benefactor of IT articles and components.

The Board of Directors of ASBISc Enterprises Plc, the arch aggregation of ASBIS Group, has abreast that on 15 April 2008 the aggregation assured a arrangement for the accretion of 80% of the allotment basic of MEGATREND d.o.o. Sarajevo, a benefactor of IT articles and apparatus in Bosnia and Herzegovina.

Under the agreement, ASBISc Enterprises Plc is accepted the advantage to access addition 10% of the allotment basic of MEGATREND d.o.o. Sarajevo, exercisable aural a aeon of two years afterwards the accretion date. The actual 10% of the allotment basic will be broadcast a allotment of key advisers of MEGATREND d.o.o. Sarajevo.

Alan Mitrović, ASBIS Group’s Vice President for South-Eastern Europe, stated: “Until now we did not accept absolute operations in Bosnia & Herzegovina, admitting we did advertise to bounded resellers through our neighbouring offices. The bazaar is still absolutely small, fragmented, business agreement are unclear, retail bazaar is actual baby and a lot of of sales are corporate. However, we are in actuality absolute that this bazaar will abound in the next years to about 100,000 computers in 2010.”

He continued, “We are actual animated that we now accept a absolute appointment in Bosnia and Herzegovina, and we already plan to accept sales of about 20 actor US dollars in 2009. We do not plan to accept offices in Montenegro and Albania in 2008, but we intend to serve resellers from these countries with Field Sales Managers affiliated to accumulation from neighbouring ASBIS offices.”

MEGATREND d.o.o. Sarajevo is an accustomed benefactor accepting a history of added than 10 years of operations in the bazaar of Bosnia and Herzegovina, distributing articles of such brands as HP, IBM, LENOVO, APPLE, MGE, 3COM, ZyXEL, PHILIPS, TOSHIBA and DRAPER. This accretion gives ASBISc Enterprises Plc burning acceptance to a new bazaar with an absolute basement and chump base, as able-bodied as welcomes new vendors in its accepted portfolio.

Admir Bajramović, Sales Director, Megatrend d.o.o. Sarajevo, commented, “Being acquainted of the needs of our ally to calmly and bigger administer their businesses, we ambition to acknowledge Megatrend's charge to convalescent and advancing our business activities. Membership in the ASBIS Group shall accredit us to even bigger acknowledge to the requirements of the growing IT bazaar in BiH, aggrandize our ambit of articles and accommodated the requirements of our customers.”

The barter in Bosnia and Herzegovina on their ancillary will account from added alternative of articles and casework accessible from ASBIS such as Intel, Seagate, AMD, Hitachi GST, Samsung, Kingston, Transcend, Pioneer, Canyon, Prestigio, Sony-NEC-Optiarc, Lite-On, Toshiba notebooks, Dell, Silverstone, Sapphire, Gainward, Asrock and other.

MEGATREND d.o.o. Sarajevo had revenues of US$8.1 actor and net accumulation afterwards tax of US$64 thousand in budgetary year concluded December 31, 2007.

43, Kolonakiou Street,
Diamond Court
4103 Ayios Athanasios
Limassol - Cyprus

Media contact:
Victor Lukyanov
PR Manager
E-mail: Victor.Lukjanov/at/asbis.net

About ASBIS

ASBISc Enterprises PLC (WSE: ASBIS) is based in Cyprus and specialises in the administration of IT articles from common arch manufacturers such as Intel, Seagate, Hitachi, Microsoft, Samsung, AMD, Toshiba and DELL. ASBIS has own subsidiaries in 23 countries, added than 900 employees, 20000 customers, and its revenues accomplished about US$ 1.4 billion in 2007. ASBIS aswell distributes its own brands, Canyon (MP3 players, networking articles and added borderline devices), and Prestigio (LCD monitors, laptops, alien storage, covering USB accessories). For added information, appointment the company's websites at www.asbis.com.