Qumak and Hyperion issue prospectuses approved

The first company hopes to raise zł.20 million from an issue of 2.85 million shares. KPWiG also enables its main shareholder, NFI Magna Polonia, to withdraw from the investment and to sell 5.27 million shares. Qumak needs capital in order to take part in larger tenders. Their main areas of activity are integration of IT systems and integration of business applications. In 2005 the company posted revenues of zł.114 million, of which zł.61.5 million was from the sale of integration services. Hyperion offers internet access and IP telephony services. It has 35,000 subscribers and the number is expected to reach 100,000 in two years thanks to the launch of triple play services.(Puls Biznesu, p. 8) M.M.