MCI has prescription for growth in internet pharmacy

The investor spent zł.515,000 on the transaction but announced plans to invest a total of some zł.2.5 million and take full control over it. The execution of this plan however is dependent on the flow of operations of Mito. "Within two years we want to increase Mito's value fourfold. If the results are satisfactory, we will increase its capital by zł.2-2.5 million after 2007," said MCI's investment director, Andrzej Jasieniecki. Mito representatives admit that the firm is not yet bringing any profits, but according to them, that could change within six months. "We fulfill up to 2,000 orders a month. The average value of an order exceeds zł.120. we estimate that the growth rate will stand at 10-20% a month. For the coming three years we will spend all profits on the company's development," said Mirosław Ostrowski, Mito's co-owner and president. (Puls Biznesu, p. 8) A.K.