Hyperion prepares for share issue and acquisitions

Tomasz Gajdziński, president of Hyperion, explained that the presence of Profiline in the group will mean that Hyperion will not have to expand its own infrastructure and save by giving up cooperation with some intermediaries. "In our issue prospectus we mentioned development of infrastructure and investments in Wimax technology. Profiline satisfies these needs," said Gajdziński. Hyperion has so far spent zł.35 million collected during an IPO last year for acquisitions, but it has substantial capital needs for further acquisitions. "We would like to raise zł.50-60 million from the floor," said the CEO. A final decision on this plan could be taken at the end of September and the share issue would mean that Hyperion itself would not become an acquisition target. "We can still grow and maintain a revenues growth rate of 50% for the next two years and 100% increase in profit each year," said Gajdziński. (Parkiet, pp. 1, 5) M.M.