ITIT to move from Nasdaq Europe to the WSE

Due to the scheduled closing of Nasdaq Europe, the owner of IT International Theaters (ITIT), which owns Cinema City said it will delist ITIT from that bourse. ITIT company president Mooky Greidinger, announced that his company might soon enter the Warsaw Stock Exchange (WSE). Poland is one of the most important markets for the Israeli company, and due to this they have high expectations related to this market. "We believe that the Warsaw bourse is an ideal place for ITIT, as it does a majority of its business in Poland," explained Greidinger. In a recent interview, published by the WBJ, Greidinger said that the shares might be denominated in Euro. However he refused to confirm this, or be drawn on revealing the potential value or the number of shares to be floated. In the second quarter of 2003 ITIT's revenues grew 64% to reach $24.3 million. However, the company had a net loss of $3.1 million. Despite this the company intends to double the number of its screens from the current 118 over the next 30 months. (Parkiet, p. 3) M.M.