Half year review by NETIA's President

During the first half year, NETIA's turnover rose to more than 4 million euros, a growth of over 60% for the same period in 2005. The gross margin grew by over 30%.

Geographical distribution of turnover:

• Europe and Middle East 50%
  

• Africa, an emerging market 20%
  

• Asia Pacific 20%
  

• North America 10%

Significant contracts were signed on both the home and export markets, mostly as the result of winning international calls for bids, strongly positioning Radio-Assist as leader, now commercially available through distribution network in 40 countries.

The launch of new products for the Manreo and Media Logging ranges at the end of 2005 has begun to bear fruit. The new markets for audio and video content management and repurposing touch not only broadcasters themselves but new players from the world of telecommunications, Internet, mobile telephone operators, institutional organisations and other media related organisations.

During the course of this 1st half year, NETIA has purposely striven to obtain customers in each vertical market, testimony to future growth.