Anica System to try bourse launch again after first time disappointment

"These are the decisions of the main shareholders," said Mariusz Lizut, financial director of the company. He went on to say that the company would enter the Warsaw Stock Exchange at the end of 2006 or beginning of 2007. "Despite [the failure to carry out the previous IPO] we are carrying out the investment projects included in the issue prospectus. We are launching new products and entering new markets," said Lizut. The only exception is the data processing center, which was suspended due to an insufficient amount of funds. "A few months ago we had a substantial amount of free cash, but this is close to being fully used up. Due to this we will need an external source of financing from the new share issue," admitted the director. The offer is being carried out so late due to the fact that shareholders decided to wait for further increase in the value of the firm. (Puls Biznesu, p. 10) M.M.