IG begins to turn a profit before major change of tack

The company hopes to raise EUR 30,000 per month from that project. At the moment IGroup mainly provides internet access services. Despite its best efforts the integrator was unable to win many new clients and due to this its revenues remained at the steady level of around zł.1 million a month. IGroup ended almost each quarter with a slight net loss. At the end of 2004 the company's main shareholder Józef Jędrzejczyk decided to become the company's president and introduce major changes to the way it was run. Now IGroup is trying to develop new products in order to increase its sales. It also acquired Neo, a telecom IT company, last year through which it will provide the new internet telephone services. "We are concluding final arrangements with our partners, telecom concerns Deutsche Telekom and Telia. I hope we will start serving our first clients soon," said Jędrzejczyk. In the summer IGroup will launch another new service called Easy Pay. It will allow clients to pay their bills via their mobile phones. Jędrzejczyk recently announced that IGroup's Q1 2005 results would be positive for the first time. (Parkiet, p. 6) D.W.