Comp Rzeszów's prepares for another four acquisitions

Comp Rzeszów bought Slovak Asset Soft in Q4 last year and Epsilo in March 2005, paying in total zł.66 million. Thanks to the acquisitions, Comp's consolidated revenues in Q1 2005 exceeded zł.34.7 million, which is more than double the value in Q1 2004. The Comp group also doubled its net profit, which amounted to zł.4.25 million. "We are working on two acquisitions in Slovakia, thanks to which we will strengthen our position in the financial sector and we will enter the sector of public administration," declared Adam Góral, the president and the largest shareholder of Comp Rzeszów. "We are also moving towards two acquisitions in Poland," he added. Comp plans to finance the takeovers from its own funds. The company is also analyzing the Ukrainian market where it would like to offer services for the insurance sector. (Parkiet, p. 6) E.B.