June 15, 2006 Belsoft-Borlas Group will specialize in two main areas of IT Consulting services: IT outsourcing services, including Application Development, Maintenance, Re-engineering, Quality Assurance and Systems Integration; complex consulting services, combining business consulting with automation of the business solutions IT outsourcing services will cover all stages of software development lifecycle, as well as the development of certain software solutions based on the state-of-the-art information technologies for various application areas and industries. The IT outsourcing services division is established on the basis of Outsourcing Software Development Department of NPP Belsoft, Inc., its team of experienced developers has implemented over 30 projects in software solution development for international customers from the USA, Western Europe and South-Eastern Asia. NPP Belsoft, Inc. is a recognized player at the IT outsourcing market and it is highly rated by the leading world analytical agencies. The consulting services of the company are aimed to increase the enterprise business efficiency through implementation of modern management and information technologies. The major component of the company consulting services is implementation of an automated enterprise information management system based on Oracle e-Business Suite, which allows to automate all financial and economic activities of an enterprise. The consultants of Belsoft-Borlas group, responsible for implementation of business applications will be thoroughly trained by the leading specialists of Borlas Consulting Group who have rich experience in over 50 complex projects completed at the leading holding companies, geographically-distributed companies and at large Russian enterprises and organizations. The headquarters of the new company is located in Minsk City (Belarus). The location of the new company in Minsk is determined by favourable conditions to create an efficient and competitive outsourcing software development centre, as well as by great potential of the enterprise resource planning system market growth in the Republic of Belarus. About Borlas Consulting Group (www.borlas.com): Borlas is a leading consulting group of Russia and CIS, which implements complex projects aimed to increase a business efficiency of the enterprises through implementation of state-of-the-art management and information technologies. It ranks among the largest consulting groups in Russia (“Kommersant-Dengi” and “Expert” rates), among the ten leading IT service vendors (IDC report); it ranks first and has got the largest market share on consulting in business application implementation (IDC report). It is 15-year-experienced in creation of information systems, modern and efficient management technologies. Borlas provides a wide range of services: business consulting, enterprise information system development strategy, implementation and maintenance of complex management systems, creation of server-network infrastructure and complex security systems, training and technical support. Among its customers are: Oracle Corporation; RAO “UES of Russia”; JSC Svyazinvest; JSC “Magnitogorsky Irong and Steel Works”; JSC “OKB Sukhogo” (“Sukhoi” aircraft design office); JSC “SIBUR Holding”; JSC “Vanino Commercial Sea Port”; JSC “VympelCom”; JSC “Uralkaly”; JSC “Mosenergo”; JSC “Eurokhim”; JSC “Permskaya GRES; JSC “Managing Company GidroOGK”; JSC “Capital Insurance”; “Russia” Insurance Company; JSC “Almaz-Telecom” and others. Borlas is Oracle Master Partner. About NPP Belsoft, Inc. (www.belsoft.by): NPP Belsoft, Inc. is a leading Belarusian system integrator dealing with establishing, support and development of the information infrastructure, as well as information systems on the whole, of organizations and enterprises of any scale. Over 250 large-scale projects have been implemented successfully in various industries. The company renders services in IT-consulting and business consulting, realizes the projects on corporate enterprise resource planning information systems implementation, develops application software and system software using the state-of-the-art technologies and development tools. Belsoft ranks among the six major companies at the IT-outsourcing services market of the Republic of Belarus with the market share of 6\\% (Market-Visio report). Among Belsoft customers are President Administration, Minsk local executive committee (Minskgoricpolkom), Telecommunications and Information Ministry, Transport Ministry, Atlant Refrigerator Plant, BelAZ Automobile Plant, Belaruskaliy Potash Manure Plant, Belarus Metal Processing Plant, MAZ Automobile Plant, Minsk Tractor Plant, BelTransGaz, Naftan Oil Processing Plant, Mozyr Oil Processing Plant, Grodno Azot, HimVolokno (Mogiliov), BelEnergo enterprises, MTS, VneshEconomBank, BelBusinessBank, BelPSB, BelarusBank, PriorBank, Labour Ministry, Frontier Troops State Committee, Belarusian Railway Company, Social Security Foundation, BelTeleCom, BelPochta, National Library and others.