Comp Rzeszów plans to raise capital from Asset Soft

The president of Comp Rzeszów, Adam Góral, announced that the projected date of the debut is Q1 2006, however, the company has yet to obtain permission from the WSE, which will be taken after an analysis of the domestic capital market as well as the degree of preparations to the debut. Should Comp Rzeszów's plans be realized, this floatation will create a precedence on the Warsaw bourse. Góral does not exclude the sale of a 10% stake at Asset Soft in case Comp Rzeszów needs to raise money for other takeovers. Comp Rzeszów bought a 55% stake in Asset Soft in 2004 for zł.42 million. Now the value of this stake, according to Góral, has more than doubled. Asset Soft is the market leader on the Slovakian IT market and 96% of its revenues come from the sale of its own software. In Q1 Asset Soft generated a zł.2.3 million net profit on sales of zł.11.8, while the entire Comp Rzeszów Group projects its 2005 revenues will reach zł.200-220 million and post a net profit of zł.20-23 million. (Puls Biznesu pp. 1, 11) M.G.