Elmec Sport S.A. announces that its decision dated 10/10/2007, the Prefecture of Athens approves to dissolve the Company and to put it into liquidation INTERNET STORE S.A, in which Elmec Sport S.A. participated with 25% , as decided by the shareholders of INTERNET STORE S.A. at the Annual General Meeting.
INTERNET STORE was founded on 3/11/2000 having as its main purpose to provide services in the field of Information Technology and Internet as well as in the field of software licences.
Elmec Sport S.A. agreed with the main shareholder of INTERNET STORE S.A, which is the listed company QUALITY & RELIABILITY S.A, to dissolve the Company and to put it into liquidation, since this company had low turnover and has been inactive for the past two years.
Internet Store appears in the financial Statements of Elmec Sport as an Investment available for sale with a value of 23 thousands euro.
With the completion of the liquidation procedure, no material profits or losses are expected.